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Firstlinks newsletter - 14 November

Graham Hand  |  14 Nov 2019Text size  Decrease  Increase  |  
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Morningstar acquired Cuffelinks (Firstlinks) in October 2019. Join 60,000 unique users and receive the Firstlinks weekly editorials and free investment ebooks.

Almost overnight, 'OK Boomer' has become a quick and biting retort for younger people. The New York Times calls it "the end of friendly generational relations". OK Boomer has already entered Hansard in New Zealand when Chloe Swarbrick, a 25-year-old politician, silenced a heckler. The NYT quotes Shannon O'Connor, designer of the shirt below, saying:

“The older generations grew up with a certain mind-set, and we have a different perspective. A lot of them don’t believe in climate change or don’t believe people can get jobs with dyed hair, and a lot of them are stubborn in that view. Teenagers just respond, ‘Ok, boomer.’ It’s like, we’ll prove you wrong, we’re still going to be successful because the world is changing.”

OK, this Boomer looks at the financial advantages of those born between 1946 and 1964, now aged 55 to 73, and suggests we have much to be grateful for. We have included a two-question survey at the end of the article for Boomers and other generations to share their views.


Image of an "OK Boomer" t-shirt

Also this week, two investment analysts take the current temperature of the Australian equity market. Hugh Dive gives his annual scorecard for Australian banks, and finds room for optimism, while Rudi Filapek-Vandyck focusses on high-quality yield stocks still giving value.

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Gemma Dale has an encouraging look at the investing trends of younger women, while Jun Bei Liu shows how shorting works and why it is underappreciated.

Michael Collins warns that central bank fear of withdrawing stimulus may have longer term bad consequences. Economic systems need a regular reality check to clean out the excesses.

Regardless of your personal view on climate change, large investors including Australian super funds are demanding action. In this week of devastating bush fires and everyone's concern for the victims and firefighters, David Macri explains why capital is divesting from fossil fuel companies.

Continuing the ESG theme, Legg Mason affiliate, QS Investors, asks whether responsible investing delivers only perceived value rather than enhancing risk and return performance. 

We love receiving comments, especially when an article touches someone personally. Rose Herceg's piece on brands and retirement drew Rachel to say,

"Turning 50 seems less daunting now. I took time off work, 8 years to be exact, to raise kids. I returned to work a few years ago and I am loving it."

Let us know what you think about the Boomer life in the survey at the end of the first article.

is the editorial director of Morningstar Australia.

© 2022 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written consent of Morningstar. Any general advice or 'regulated financial advice' under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), or its Authorised Representatives, and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. For more information, refer to our Financial Services Guide (AU) and Financial Advice Provider Disclosure Statement (NZ). Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a licensed financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782. The article is current as at date of publication.

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