[Smart Investing] Once again, the budget shifts the super goalposts; The difference between fixed interest and cash; Why bonds matter

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11 May 2012 Robin Bowerman is currently on leave. This week's newsletter has been written by James Dunn, a financial journalist, and Roger McIntosh, Principal, at Vanguard's Investment Strategy Group.     Once again, the budget shifts the super goalposts by James Dunn The Australian superannuation industry reverted this week to its unwanted status as one of the government's favourite Budget 'hollow logs,' with billions of dollars in savings extracted from the system by reneging on a tax break meant to encourage higher retirement savings, and a doubling of the concessional tax rate on the super contributions of those earning more than $300,000. Read more » The difference between fixed interest and cash by Roger McIntosh Self-managed super funds typically have a much high exposure to cash than fixed interest. Read more » Why bonds matter by Roger McIntosh The latest bouts of sharemarket volatility and this month's cut in official interest rates once again highlight the crucial role of bonds in a properly diversified investment portfolio. Read more » Vanguard in the news These links show a copy of the article (where freely available), or the publisher's website if a subscription is required. Switzer TV 03 May 12 Ken Henry and David Murray have recently been critical of super funds for being too heavily weighted in Australian equities. Robyn Laidlaw from Vanguard joins SWITZER to look at the other options out there for investors. Switzer TV »	QUICK LINKS   Fixed Interest Investing Video | 04 May 2012 Why annuities need work Webinar | 24 Apr 2012 Flexing your SMSF muscles Webinar | 10 Apr 2012   CONTACT US Email clientservices@vanguard.com.au Our office: Level 34, Freshwater Place 2 Southbank Boulevard Southbank VIC 3006 (map) Telephone: 1300 655 101, 8:00am - 6:00pm Monday to Friday, Melb time.   Vanguard ETF enquiries For more information on Vanguard ETFs please call 1300 655 888 Unsubscribe  |  Vanguard on Twitter
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