Outsider feels sure that financial advisers were delighted to read that Scott Pape, “Australia’s most trusted independent finance expert”, had produced an updated version of his book, The Barefoot Investor.
Just like Outsider, he believes advisers were rivetted by the news that the update covered off new topics such as the Royal Commission, Afterpay, changes to the Federal Budget, and the declining housing market and saving for a home.
After all, surely Pape, who is described by his publishers as “an investment adviser, author, radio host and television presenter”, is simply issuing general advice and nothing he says or does could possibly be misconstrued as personal advice, could it?
Still, Outsider is reminded of just how much an earlier edition of Pape’s book moved the inflows needle for a particular superannuation fund and he wonders whether Australian Securities and Investments Commission chair, James Shipton, might care to do a bit of bed-time reading.
Shipton might then care to pass the book along to his deputy chairs, Karen Chester and Daniel Crennan, to see whether it passes their “if not why not” scrutiny.
Barefoot? Perhaps. Penniless? Certainly not.