Investing

Great Grandpa Koch always reckoned he invented the stump jump plough and his boss at the blacksmiths shop stole the idea and all the credit. It’s a great story and it was a great invention… for its time.

But time moved on. Better ploughs, changing customer needs and a developing economy all combined to make the stump jump plough redundant.

The recent economic growth figures and lecture from the Reserve Bank Governor highlight the fact that consumers and the economy are still changing. And your investment strategy has to reflect those changes or be as redundant and irrelevant as the stump jump plough became.

As you know we’re big fans of Reserve Bank Governor Glenn Stevens and we should all be thankful he’s keeping watch over the economy while those knuckleheads in Canberra play their silly political games.

When Glenn Stevens speaks we should all listen because no-one knows how the economy is changing better than him. Add the trends revealed in the latest economic growth figures and there are some seismic shifts happening in investment thinking.