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Why The Bitcoin Price At Any Level Has No Value

by Henry Fung - Partner Managing Director Henry Fung - Partner Managing Director No Comments

I’ve tried to stay out of the cryptocurrencies, such as bitcoin, fad for as long as I could, but when your employees, students, clients, family, friends and a guy I just met all ask about it. It seems like the right time to wade into the conversation. There is a myriad of reasons why cryptocurrencies such as bitcoin will fail, but there are two main ones that can’t be fixed and will ultimately be the downfall of all cryptocurrencies. Cryptocurrencies, such as bitcoin, has no real value at any price level.  Read more

It May Be A Good Time To Buy Dominos Shares (ASX DMP)

by Henry Fung - Partner Managing Director Henry Fung - Partner Managing Director No Comments

Dominos shares (ASX DMP) is one of the most shorted stock (third with 16.5%) on the ASX and has come under pressure in the past year due to issues with underpaying workers. DMP shares are looking at a tough road ahead to clean up their act.

ASX DMP shares fell another 7 percent on Tuesday as the stock copped some heat from the sell-off in Retail Food Group (ASX: RFG).

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Should You Buy Retail Food Group Shares (ASX RFG) Today?

by Henry Fung - Partner Managing Director Henry Fung - Partner Managing Director No Comments

Over the past year, Retail Food Group shares (ASX RFG) has slowly trended down, as revelations about systematic wage fraud and struggling franchises hit groups such as Dominos Australia (ASX: DMP) and 7-Eleven. RFG shares have just joined them. Should you buy RFG stock?

In the past week and a half, the same issues have hit Retail Food Group news in a significant way and the hen has come home to roast, as Fairfax Media reported on allegations of widespread wage underpayment.

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4 Things You Ever Need To Know About Fees

by Henry Fung - Partner Managing Director Henry Fung - Partner Managing Director No Comments

If you pay peanuts you will get monkeys. At the same time though, if you pay better than peanuts but you still get monkeys, then there is still a problem. The fees you pay should generate value for money for you. This means you should pay the Managers who can generate alpha for you but cut those who don’t. Alpha generation is not easy, there is definitely a lot of monkeys out there getting paid a lot for not a lot of value.

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7 Reasons Why You Don’t Make Any Money Trading

by Henry Fung - Partner Managing Director Henry Fung - Partner Managing Director No Comments

As most of you may already know, extracting alpha returns from the market is a marathon, not a race. As Advisers, we have seen many clients cycle into products and quickly cycle out because they didn’t “get rich quick”.

There is an expectation that since we do this professionally, every trade we make will be a winner. However, the reality is that we are still bound by the laws of probability and for us to realise our edge which creates value, it takes time and a statistically significant number of trades. Rather than think of financial products as “get rich quick”, we tend to be “get rich slow”. In this post, I will dispel a number of myths that many new investors have and hopefully help you get more consistent results in your investments.

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