Investing
METAL FATIGUE
Gold has flunked the crisis test
![David Potts dinkus.](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4755719/David%20Potts%20dinkus-90x60.jpg)
David Potts I like gold as much as you but unfortunately, most of the time it can't be trusted as an investment.
STYLE
It's all in the bag
![Girl with bag. THE AGE . money . 17 OCTOBER 2013 . supplied photo .](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/19/4844220/Dan-20131019192248746242-90x60.jpg)
Stephen Crafti From the clutch to the tote, to the ubiquitous backpack, designer bags are one of the first items to sell out in store and online.
HOT STOCK
Boral set to cement its position
![Boral](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2012/02/28/3081049/th-Boral-90x60.jpg)
Brian Han Industry-wide gloom is masking what is a strong cyclical play with a healthy balance sheet.
Local bourse will suffer if US defaults
![cartoon](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/16/4834415/th-774173706-90x60.jpg)
JOHN COLLETT The picture is a worrying one for Australian investors if the impasse with the US debt ceiling is not resolved by the Thursday deadline.
UNDER THE RADAR
A good investment, but has business grown too fast?
![iStockphoto. Man showing false progress. Dishonesty, Business, Moral Dilemma, Graph, Businessman, Men, Sales Occupation, Chart, Fake, Presentation, Growth. Photo CAN be reused. SHD Investor. 8 September 2010](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/15/4831152/rh-320-radar-20131015104826456314-90x60.jpg)
Richard Hemming Shares in iProperty have doubled in value in the past three months but some insiders say it's gone too far, too fast.
GETTING STARTED
Go on, get involved - AGMs can be fun
![Commonwealth Bank. A shareholder outside the 2007 Commonwealth Bank AGM. 7 November 2007. AFR Photo by Andrew Quilty. Generic AGM, reporting season, annual general meeting, shareholder, shares, stocks, pensioner. SPECIALX 74174B](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/15/4831105/rh-320-agm_20131015101512202211-90x60.jpg)
David Potts The remuneration report is enticing shareholders to show up for the free entertainment of watching executives squirm.
THE 'HONEST' BROKER
What does money mean to you?
![clown; costume; funny; humorous; dollar sign; glasses; person; wig; halloween costume; smiling; teeth; silly; face; clown nose; happy; greed ISTOCK PHOTO](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/15/4831106/rh-320-marcus_20131015101759311250-90x60.jpg)
Marcus Padley Money is an amazing motivator; it causes us to do astonishing things. But does it make us happy?
THE CHARTIST
The bond that ties
![Sheets of five dollar notes go through a machine to receive a serial number and the seals of the U.S. Treasury and Federal Reserve at the Bureau of Engraving and Printing in Washington, D.C., U.S., on Tuesday, April 23, 2013. Stocks rallied amid growth in U.S. home sales, better-than-forecast earnings and speculation the European Central Bank will cut interest rates. U.S. equities recovered after briefly erasing gains following a false report of explosions at the White House. Photographer: Andrew Harrer/Bloomberg](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/15/4831242/rh-320-chartist_20131015111742711899-90x60.jpg)
Rod Myer The US Quantative Easing program has been so big it has changed the normal relationship between shares and bonds.
HOT STOCK
Litigation proves an asset for IMF (Australia)
![LAW AFR 100201 MELB PIC BY JESSICA SHAPIRO...GENERIC lawyer, judge, barrister, silk, qc, gown, wig, practise, legal affairs, court. AFR FIRST USE ONLY PLEASE!!! SPECIAL 121481](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/15/4831571/rh-320-IMF_20131015131457664956-90x60.jpg)
Greg Smith Law suit funder offers a unique investment opportunity and with stock trading at about eight times consensus earnings-per-share estimates it's a bargain too.
INTELLIGENT INVESTOR
The dark art of short selling
![Abacus](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2012/04/03/3186445/320abacus-90x60.jpg)
Nathan Bell Whatever you think of the morality, shorting stocks is a dangerous game with potentially unlimited losses.
INTELLIGENT INVESTOR
Preparation and diversification the key to good investing
![ASX 200 at close of business on the 20th of june 2013 Australian Stock Exchange , ASX, shares, markets, economy, investment, loss, dive, gain PHOTO DOMINIC LORRIMER](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/09/4815865/lr--money-1-20131009141602266404-90x60.jpg)
Richard Livingston Investing is a long game. You need to stay the course and ignore the predictions.
UNDER THE RADAR
Sales down, stocks up: the retail conundrum
![White goods](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/09/4815112/09whitegoods_20131009110949460196-90x60.jpg)
Richard Hemming Investors can expect to see the big stores' share prices keep climbing, at least in the short term.
QUIRKY INVESTMENTS
Check your vinyl and you could find a small fortune
![Story by: James Cockington
Photo: Ken Irwin KEN 26th September 2013 The Age. Money
Glenn Terry in his record shop,](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/08/4813201/rh-320-lp_20131008160451410849-90x60.jpg)
James Cockington Rare vinyl is now a big business and some Australian records are becoming speculative investments.
THE CHARTIST
Elliott theory suggests downward ride
![Dollar coins dropped in water. Generic water restrictions, bubbles, drought, money, liquid. Wednesday 9 May 2007 AFR photo Louie Douvis AFR FIRST USE ONLY SPECIALX 64825](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/08/4813149/rh-320-rod_20131008155557177236-90x60.jpg)
Rod Myer Technical analysis, in the shape of Elliott wave theory, shows that the future direction of the dollar is downwards.
SUPER
Not a time for tax losses and capital gain
![PIC JIM RICE. PIC SHOWS....GENERIC. TAX. INCOME TAX. EMPLOYMENT.JOBS.MONEY.ECONOMY.WEALTH. PROPERTY. PROPERTY TAX.INVESTMENT. BILLS. ATO. TAX OFFICE .PROFIT SPECIALX 25817 ***FDCTRANSFER***](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/08/4813151/rh-320-rod_20131008155651694717-90x60.jpg)
John Collett Property investors making losses on their properties must be crossing their fingers that house prices keep rising.
HOT STOCK
Property base solid
![HAMILTON. SYD. AFR. 971112. PROPERTY. E PRETTAFOR
PIC JIM RICE.
PIC SHOWS BOB HAMILTON . MD MIRVAC. Mirvac Group logo.](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/08/4812583/rh-320-mirvac_20131008122722208623-90x60.jpg)
Brian Han Integrated real estate group Mirvac has investors excited about its focused strategy
INSIGHT
Property investors hogging first-home market
![Sunday Age - PROPERTY / AUCTIONS - 16 August 2008 - Despite the rain which started at the same time as the auction, Hodges Real Estate agent / auctioneer Frank Ruffo takes bids and works the crowd at the auction for a house at 11 Ruby Street in Ormond. Picture by Paul Rovere SPECIAL GENERIC](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/10/08/4813109/rh-320-clan_20131008155120170707-90x60.jpg)
Clancy Yeates What's more risky about a property boom based on investors?
THE CHARTIST
After GFC left Brits in pieces, take a look at sterling
![U.S., British pound, euro and dollar notes are displayed for a photograph in New York, U.S., on Tuesday, Dec. 30, 2008. Photographer: Daniel Acker/Bloomberg News](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4754179/rh-320-pound_20130917123429767556-90x60.jpg)
Rod Myer Britain has been hard hit by the global financial crisis and its aftermath, and that reality has shown itself in the trajectory of its currency.
QUIRKY INVESTMENTS
Construct your own portfolio
![---------- Forwarded message ----------
From: <robert@antiquetoys.com..au>
Date: 2 September 2013 10:28
Subject: Meccano Images 2 of 3
To: Richard Hughes <richardhughes@fairfaxmedia.com.au>
More Meccano...
--
Richard
Hughes
Money Editor
The
Age/Sydney Morning Herald
--
L2, Media
House, 655 Collins St, Docklands, VIC 3008
T 03
8667 3138 | M 0401 489 849
richardhughes@fairfaxmedia.com.au
| www.theage.com.au
91-AE404A.jpg](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4754217/rh-320-meccano_20130917124009118029-90x60.jpg)
James Cockington Collectors are paying top dollar for old sets of Meccano - the toy which allowed junior engineers to bolt together their own planes, trains and cars.
INTELLIGENT INVESTOR
Gauging real value of a company is no easy task
![CREDIT LINE MUST READ: istock photos
ABLE TO BE REUSED BY FAIRFAX MASTHEADS INCLUDING ONLINE
ROYALTY FREE IMAGE from istock.com
Download by Syndications x2251 on 26 August 2010
Financial Advisor, Humour, Abacus, Business, Finance, Calculating, Women, Tax, Expertise, Bankruptcy, Female, Shock
Counting
Bean counter
Generic , abacus](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4754111/rh-320-abac_20130917123240369844-90x60.jpg)
Nathan Bell Probably the simplest valuation tool in the investor's tool kit is the price-to-book ratio.
UNDER THE RADAR
From scrap heap to a goldmine
![MONEY COVER.Studio shot of gold pan with pebbles.SMH FINANCE
Photo by Marco Del Grande 030929](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4754212/rh-320-radar_20130917123827329265-90x60.jpg)
Richard Hemming If you'd have got into Bolnisi Gold a decade ago you'd be sitting on a small fortune. Other small miners could be headed in the same direction.
THE 'HONEST' BROKER
Oligopolies as safe as money in the banks
![commonwealth bank 990705 PIC MICHELE MOSSOP
BANKING GENERIC FOUR PILLARS IONIC COLUMN
FOR P.I. AUGUST 99***FDCTRANSFER***](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4754216/rh-320-rmarcus-20130917123913807934-90x60.jpg)
Marcus Padley There are the banks. Then there's the rest of the market. If you're trying to grow your money, start with the banks.
HOT STOCK
The future is looking golden
![Silver Lake?s Mt Monger decline goldfield.
(NO CAPTION INFORMATION PROVIDED)](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/17/4754084/rh-320-hot_20130917121925849523-90x60.jpg)
Greg Smith SIlver Lake Resources has cut its cost and could be a low-risk entry point to the gold sector.
INVESTING
Big barbs, small print
![Barbed wire money.,](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/14/4748058/ZAH_money_TN-20130914184310587072-90x60.jpg)
John Collett The advertising of 'capital-protected' products has been corrected.
INSIGHT
Asset allocation can be the decider in super funds
![now and then.sydney.070924.photo.salhlan hayes.sunday life..boiled lollies](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/10/4734423/rh-320-clancy_20130910105332212181-90x60.jpg)
Clancy Yeates There's a lot to consider when picking a super fund. Perhaps the most important factor is how your money is spread out.
QUIRKY INVESTMENTS
Buyers not sold on Australian art
![Â](http://web.archive.org./web/20131021010815im_/http://images.theage.com.au/2013/09/10/4734489/rh-320-gib_20130910110550322592-90x60.jpg)
James Cockington Lukewarm market for Australian art could heat up thanks to a major London exhibition.