Letters: StocksInValue and overseas investors

Eureka and Clime join forces

Could Eureka Report give some insight as to how the joint venture with Clime Asset Management came about?

Name withheld

Editor’s response: Thanks for your letter. James Kirby wrote an article in March on the partnership when it was first announced that helps to give a bit more background as to the reasoning behind the decision (see: Eureka and Clime join forces). Alan Kohler and John Abernethy also recently recorded a video on the partnership (see: Going for growth with StocksInValue).

Overseas Investing

I live in the US and I am interested in investing in Australian stocks. I think the Eureka Report might be the perfect source of information I need to make good investment choices. But I would like to know if it is tailored to overseas investors as well. For example, I see the Eureka Report provides information on tax issues. Is this just for Australian investors or for foreign investors as well? I imagine the recommended stock picks could be bought through the main US brokers like Ameritrade or optionsXpress. Or is this not the case? Is there any other information Eureka Report could provide to give me comfort I'm making the right decision?

JM

Editor’s response: Thanks for your letter. Eureka Report is largely tailored to Australian investors, but a lot of the information is also relevant for overseas investors. To find out what your options are as an investor based in the US, you could check with Ameritrade or optionsXpress to see if they provide a service for those who want to gain exposure to Australian shares. The Australian Taxation Office (ATO) website may be of interest regarding the taxation issues for foreign residents investing in Australia.

Say no to minimum wage

I would like to put forward that the minimum wage be phased out in Australia. The entire working population either needs a job or needs to be self-employed.

Remember, Ford once employed 42,000 people in Dagenham, East London. That factory was closed in 2002. Look at the differences in unemployed people in Europe and in Asia. Even the US has many illegal underpaid people.

John Swainston