Nucleus Research and Insights

For me, the most interesting investment question involving SpaceX isn’t whether it is worth the enormous valuation. It’s whether Elon Musk can build AI data centres quickly enough to change the supply-demand balance of the entire industry.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores what SpaceX is really becoming — from Grok and massive AI data centres to AI satellites and ambitious plans for space-based computing. With Musk targeting 10 gigawatts of AI compute by 2027, we ask whether ...

In July, the Australian dollar exposure was the main driver of returns as the heat came out of many of the booming semiconductor stocks. Our portfolios all outperformed their benchmarks significantly. Profit growth continues to be extraordinary. Stockmarket valuations are at the 80th percentile ...

When I think about El Niño, the first thing that comes to mind is usually weather: droughts, floods, bushfires and storms. But for investors, I think the more important question is what happens after the weather changes. A super El Niño does not automatically mean a market crash, nor does it ...

In this week’s podcast, we're examining the investment fallout from a potentially historic El Niño — from droughts, floods and crop disruptions to rising food prices and renewed inflationary pressure. With El Niño strengthening and forecasts pointing to a potentially severe event, we explore which ...

What is the Great Wealth Transfer in Australia? There is an old saying in financial circles: the secret of business is to get between the money and the person who is about to receive it. The person leaving the money is no longer around to object. The person receiving it is simply grateful to be ...

Every time another tech giant announces billions of dollars in spending on AI infrastructure, the same question comes to mind: are we witnessing the next great technological revolution, or simply watching another investment bubble inflate? It's an understandable concern.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, revisits the data centre investment boom — exploring whether the world is on track to build more capacity than it needs, how modular data centres are changing the economics of expansion, and whether the enormous ...

A transition to retirement pension (sometimes referred to as TTR) allows you to transfer part of your superannuation funds into a transition to retirement account and draw a tax-free income if you are over 60 and under 65. Pro-Tip: This is not for everyone! If you are short on cash, it is useful. ...

Ethical investing has a noise problem.

Why Portfolio Turnover Matters More Than Pre-Tax Returns Most investors are trained to focus on returns. Did the portfolio make 8% or 10%? Did it beat the market? Did the manager outperform? It sounds sensible. But it misses something important.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores the hidden cost of portfolio turnover — examining how frequent trading can quietly erode long-term returns through higher tax bills, why every taxable transaction matters, and how a more tax-aware investment ...

Although there are four ways you can contribute to super, the ATO only recognises two tax categories:

Investment ideas tend to be pitched as one-size-fits-all. In reality, they rarely are. The usefulness of any strategy depends on two things. Where you are in your financial life, and how taxes interact with that stage. Direct indexing is no different.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why falling Australian property prices still aren't translating into better housing affordability. We unpack the forces keeping home ownership out of reach for many Australians, why lower prices alone aren't ...