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Investing for the future

Briefs

Cite as: (2005) 79(11) LIJ, p. 14


Investing is no longer seen as a “mug’s game”, according to financial journalist and commentator Alan Kohler.

Mr Kohler addressed the topic of the “The Investment Revolution” at a Law Institute of Victoria (LIV) co-hosted Partners in Business Luncheon on 27 September.

He told the 170 guests that over the past 20 years the obvious benefits of investing had drawn individuals towards it.

Falling inflation rates and large increases in return rates were two of the major factors that had influenced the change.

Mr Kohler also said that the adoption of the Internet, email and the increase in the global supply of labour had led to “ongoing long-term disinflation and an increase in productivity”.

While widespread opinions of investing had altered, so too had the exposure to risk for individuals, he said.

“Everybody in Australia is an investor now, a lot of them because they want to be, everyone because you have to be, whether you know it, like it, or not.

“We have to invest our money to end up with a proper retirement and we have to be careful what we do with that money.”

The Luncheon, held at Zinc at Federation Square, was the first event to be jointly held by the LIV, the Australian Institute of Management and the Institute of Securities Finance and Banking.

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