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