Issue is same for any politician with a spouse who has high earnings potential.
They cannot ethically directly invest in ASX or likely any shares, would have to invest through a mutual fund. It is of course "a poor look" for Joe and the Libs but all property investors face the risk of a decrease in asset prices, hopefully not bringing the banking system down with it. Australian bank deposits largely insured by the taxpayers. She cannot pit into Super because of contribution caps.
Housing in desirable areas of large popular cities will usually be priced higher than many people would like, which has been the case for a very long time. In many large cities like New York, Paris, London, most working people have always rented.
The main problem with FIFA is that the alleged bribery involves the use of taxpayer dollars. In other words, it potentially involves using a non-willing participant's money to secure a deal.
But the even bigger issue here is the hypocrisy from governments. Governments and statists are criticising FIFA for doing what all governments do every single day of the year - that is, they use someone else's money in order to bribe another person (or people) in return for the favour of receiving their votes at an election.
So, if government's want to ban bribery, then go for it, maybe it's the only chance we've got of preventing governments from wasting tax dollars...
- Port Phillip PublishingInvestment Director, 2005 - present
A note from Kris...
About Kris Sayce
Kris Sayce is the Chief Editor of Australia’s biggest circulation daily financial email — Money Morning Australia.
Kris is a fully accredited advisor in shares, options, warrants and foreign-exchange investments.
He’s also the Investment Director at Port Phillip Publishing (PPP) an independent financial publisher based in Melbourne, Australia — and Editor of Australian Small-Cap Investigator (ASI).
ASI is his small-cap stock research service. It provides detailed analysis on some the brightest, smallest listed companies on the ASX.
Kris has more than fifteen years’ experience in analysing small-cap stocks. He began his career in the biggest wasp’s nest in the financial world — the city of London — as a finance broker back in 1995.
It’s there where he got his ‘baptism of fire’ into the financial markets, specialising in small-cap stock analysis on London’s Alternative Investment Market. This covered everything from Kazakhstani gold miners to toy train companies.
After moving to Australia, Kris spent several years at a leading Australian wealth-management company. However he began to realise the finance and brokerage industry was more interested in lining its own pockets with fat fees, commissions and perks —rather than genuinely helping out the private investors they were supposed to be ‘working’ for.
So in 2005 Kris started writing for Port Phillip Publishing — a company which was more attuned to his investment outlook.
Initially he began writing for the Daily Reckoning Australia — but eventually, took over Money Morning as it’s Editor in Chief. It’s now read by over 50,000 subscribers each day.
Kris has a nose for sniffing out the stories the newspapers SHOULD be covering.
He covers share market developments, company announcements and economic events that may affect your wealth.
Dubbed the ‘Jeremy Clarkson of Australian finance’, he’ll take anyone to task — banks, governments, big business — if he thinks they are trying to pull a fast one with your money!
Whether you agree with Kris or not, you’ll find his common-sense, thought-provoking arguments well worth a read.
To have his investment insights delivered straight to your inbox each day, take out a free subscription to Money Morning here.
Official websites and financial eletters Kris writes for:
Why You Should Buy a Certain Kind of Gold Stock in 2014 - Stock Market N...
Dear Reader, This year, gold could do something few investors expect – bounce back, and in a big way. But you’ll be even more surprised by h
Australia Post Delivers Less, or You Can Pay More | The Daily Reckoning ...
You’ve paid taxes. But in the near future the postman might not turn up for days. It’s all to do with the $218 million loss Australia Post p
Financial Markets Are Stuck in the Doldrums | The Daily Reckoning Australia
Financial markets are stuck in the doldrums, slowly going stir crazy. Just take a look at where they’re sending their best and brightest the
Credit: How the Economy Has Been Twisted and Distorted | The Daily Recko...
The whole economy functions without real money; it has practically disappeared. Now it's the supply and demand for credit, that determines t
Are politicians right to block currency union with an independent Scotland?
George Osborne, Ed Balls and Danny Alexander have formed a rare alliance to insist an independent Scotland could not keep pound
Ukraine's bloodiest day: dozens dead as protesters regain territory from...
Corpses on Kiev's Independence Square as police deploy snipers and use live ammunition
Why the Government 'Shutdown' Critics Have It All Wrong
This is what makes government so amusing. It is like barroom chatter late at night — full of things that couldn’t possibly be true yet are a
Why China’s Credit Growth is the World’s Largest Ponzi Scheme
A few years ago when China’s credit bubble started inflating and its economic growth became increasingly led by fixed-asset investment, alar
Why a Higher Aussie Dollar is The Boost Aussie Stocks Are Waiting For
Things have changed again. The market has at last come around to our way of thinking, and it looks like being more good news for Aussie stoc
Judge the Stock Market by What it Does Not What it Says…
Your editor likes a rising stock market as much as the next man. But we won’t be suckered into believing bogus reasons for a stock market ra
Bombing Syria won't make the blindest bit of difference, Tony Blair
Giles Fraser: First thoughts: Talk of armed intervention in Syria is all about western powers satisfying their desire not to look impotent
Libertarian Thought and Contrarian Ideas to Protect You From Government ...
Libertarian thought on how to build and protect your wealth and well-being against government intervention and abuses of the State. Covering
Ram Selvaraju: Fall in Love with These Nine Biotech Stocks [GALE, LPTN, ...
When it comes to unearthing dynamic micro-cap biotech investment opportunities, Ram Selvaraju is a master. Selvaraju, managing director and