‘Lazy’ advisers push Australians to invest overseas

By Marcus Padley – Source: theage.com.au

I remember going to New York in 2006 and John, my Wall Street broker host, asked me all about the Australian resources stocks. He could talk about Fortescue Metals in detail and knew who Andrew “Twiggy” Forrest was. I went back to New York last year and stayed with John again. But this time when I asked him what Australian stocks he was following his reply was, “None, Australia is so 2007”. The Australian market had its international moment of relevance during the resources boom, but it has gone, it was a moment…

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