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Thanks OME.

Happy Birthday. And adfter SpecSavers, let's hope you see a lot more of them.

Paddy was visiting Mick's house where they were playing cards and enjoying a few drinks. When Paddy went to leave, they noticed it was pouring with rain. Mick said to Paddy, "Stay here for the night, I'll go and make up a bed." Then he headed upstairs. When he came back down, Paddy was stabding there soaked to the skin. "What happened?" asked Mick. Paddy replied, "I went home for my pyjamas."

Moved.

BOM have just upgraded their website today, and not for the better IMO. Harder to navigate and read, radar maps are clunky and the whole thing is not very user friendly IMO. However the old site is still available here, for now at least: https://reg.bom.gov.au/

From the White House website. Minority Leaders Hakeem Jeffries and Chuck Schumer

Different sort of day today. First, off to H & R Block to do my tax returm. Their estimate is a refund of about $1200. Then to Specsavers for new glasses. (My health insurance gives a 100% refund on two pairs of specs, one long rsange, one for reading). Haven't had my eyesight tested in 7 years. Lots of tests, and happy with the results. No macular degeneration, no sign of cataracts, and only minor indications of glaucoma, too insignificant to do anything about at present. A different way to spend your birthday, but I had feck all else to do.

Correct.

Visionary filmmaker

No GOOD Scooters either. Nev

Easy to SAY from the relative SAFETY of the UK. Trump hasn't held back in his Opinion of England. K Rudd was NEVER a Good TEAM PLAYER. Nev

The amount of money in super IF spent. Here would distort the Local Market and you don't keep all your eggs in the ONE basket. Nev

If Australia were able to legislate to ensure that all super investments could only be invested within Australia, and every other country did the same for their country would it be a net gain or loss for Australia? Super funds from the US or Europe, etc., invest their members' wealth in other countries, including Australia. If every country only invested only in their own country, would Australia be better or worse off? I don't know the answer to this question, but I suspect perhaps worse off

I like it.

It's where the money ends up that counts, IMHO. Your money may be used to fund projects overseas, but if the fund makes a profit from those endeavours then the capital plus profit ends up in Australia. You then draw your super and spend it locally, benefitting the Australian economy both by adding the wealth sourced from overseas, and by reducing the burden on the taxpayer by reducing or eliminating your use of Age Pension.

Wow, there's some bile in that article. I think the sad part is, that the opposition political parties in America can't produce anything worthy as a leader, to show up this buffoon for what he is. That's the reason Americans have picked him for a leader, this is the best they can find! What a sad indictment on the country.

Correct.

This was posted on Facebook.

Just two further points that just occurred to me. For the investor, spreading money between this country and overseas spreads the risk. If all your money is invested in Australia and the Australian economy goes bad you have all of your eggs in one basket. Whilst we invest money in foreign economies, surely foreign economies invest money in our economy.

I think it was 2005 when you could choose your own super, and not have your employer choose for you. I think people may have gotten into the habit of not thinking about their super.

Therein lies the rub! You might have been astute enough to take a lot of control of your superannuation investment, but the vast majority of Australians don't even know which organisation is running the fund their employers are using. I paid into a fund for near on 30 years. I don't know who ran it, or where the money was invested. How much of my money contributed to the betterment of Australia?

Yes, I get that, and that is why I chose super that invest in Australia. I am thinking, though that whether investing overseas is good or bad must not be a clear-cut thing. I bought a bunch of Tesla shares when they were dirt cheap and when I sold them, they were worth 8 times the original investment. To my mind (and I am happy to be corrected), on the downside, the money I used to buy the shares was taken out of circulation in Australia. On the upside, that money is now back in the Australian economy, some of it in term deposits and some being spent here in Australia. OME, I am mostly in agreement with your point, I am just saying it is not black and white. The other issue is, and I can only speak of my super fund, you can choose to invest in only Australian shares or international shares or you can choose a mix of those shares by percentage.

Give Rudd his due. He holds a diplomatic post, maintaining relationships with the US Government, not just the Executive Branch. He has ben involved in international diplomacy for years. He knows what Trump is. Rudd also knows that in diplomacy, personal feelings have to be supressed. Imagine the furore if Rudd had said something like, "that puts me amongst the millions across America who marched in protest last weekend". Rudd's reactions to Trump's statement can be seen as an effort by Rudd to bite his tongue in the interests of Australia.