Ed­i­tor’s let­ter

Money Magazine Australia - - CONTENTS -

Apart from Best of the Best (our an­nual awards is­sue, which goes on sale on De­cem­ber 5) this is­sue, look­ing at “Where to In­vest $10k”, would have to be one of my favourites. It’s now in its fifth year, and not only does it tackle the ques­tions we’re ask­ing right now but it also gives you a lit­tle in­sight into where in­dus­try ex­perts are in­vest­ing their own money.

Naomi Simson, founder of RedBal­loon and one of the “sharks” on Chan­nel 10’s Shark Tank TV show, says if she wasn’t in­volved in the business she’d choose an in­dus­try in “growth”. No sur­prise, then, that she has her eyes on health care, with one of her stock picks be­ing Healthia (see page 43).

Ross Green­wood unashamedly calls his pick bor­ing. You can read why he in­tends to keep his money in the bank (at least for now) on page 36.

Econ­o­mist Stephen Koukoulas’s pick re­quires the soft dol­lar to con­tinue. As he says on page 41: “With my on­go­ing strat­egy to buy when oth­ers have sold, the soft lo­cal econ­omy and path of very low in­ter­est rates should see a sig­nif­i­cant al­lo­ca­tion to off­shore mar­kets.”

You can use this cover story as the ba­sis for fur­ther re­search as to where you could in­vest your­self or sim­ply as a look into where other in­vestors are stash­ing their cash. Ei­ther way, we hope it makes for a good read.

As we were head­ing to the print­ers, the fed­eral gov­ern­ment called a royal com­mis­sion into aged care. After sky­rock­et­ing

com­plaints, hor­rific rev­e­la­tions of el­derly abuse and ex­or­bi­tant fees, this royal com­mis­sion has been a long-awaited (and much-needed) one.

Matthew Richter, CEO of the Aged Care Guild, summed it up well when he told Money: “It is our hope that this royal com­mis­sion can pro­vide the im­pe­tus for com­pre­hen­sive re­form to aged care fi­nanc­ing and bring cer­tainty and peace of mind for res­i­dents and their fam­i­lies.”

We will con­tinue to pro­vide our read­ers with up­dates and fea­tures about aged care. This month we take a look at some ways you can cut through the res­i­den­tial care maze (page 54).

Effie Zahos, Ed­i­tor, Money mag­a­zine

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