Investing Education
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Why I still prefer equities to bonds
Roger Montgomery
October 24, 2022
When markets are volatile – as they are right now – we start hearing more and more from commentators talking up the benefits of holding bonds in a portfolio. After all, bonds are regarded as safer and more stable than equities. But if you look at long-term returns, another picture emerges. continue…
by Roger Montgomery Posted in Investing Education, Market commentary.
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What does the Australian Eagle team mean by quality?
Roger Montgomery
October 20, 2022
In this video Sean Sequeira joins me to discuss how we define quality for the companies held in The Montgomery Fund portfolio. Sean identifies the importance of quality when investing and how Australian Eagle Asset Management determine the quality of a business. continue…
by Roger Montgomery Posted in Investing Education, Montgomery News and Updates, Video Insights.
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What three billionaire investors think the future holds
Roger Montgomery
September 21, 2022
In a recent podcast, famed U.S. investor Howard Marks noted that “there are no facts about the future, just opinions.” But that truism hasn’t stopped three of his fellow billionaires – Bill Ackman, Stanley Druckenmiller and Ray Dalio – airing their views on the prospects for the global economy and investment returns. continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education, Market commentary.
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The impact of rising rates and inflation
Roger Montgomery
September 20, 2022
In this video, Brett Craig explains the likely impact of rising interest rates, inflation and the possibility of a recession on small to medium enterprise businesses. He also reveals how these factors influence potential opportunities in the credit market. Brett then discusses why the Aura Core Income Fund has a preference for SMEs that have strong balance sheets, strong cash flows and a strong management team who are looking for funding for growth and profit initiatives. continue…
by Roger Montgomery Posted in Aura Group, Investing Education, Video Insights.
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Are demergers a value opportunity for shareholders?
Roger Montgomery
August 24, 2022
De-merging single or multiple operating business units into a separate entity is also known as a “spinoff”. The result: incumbent investors are frequently faced with the consequences of a company in which they own shares, rolling out one of its businesses to create a separately listed company. continue…
by Roger Montgomery Posted in Investing Education.
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A two-part framework for investing for growth
Roger Montgomery
August 15, 2022
There’s a lot going on in the world right now with sufficient power to dramatically improve or destroy investment returns. Inflation, recession, a credit crunch, diminishing Central Bank liquidity and escalating geopolitical tensions all have the potential to alter sentiment in a second and change the fortunes for many. continue…
by Roger Montgomery Posted in Investing Education.
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Framework for investing is working already
Roger Montgomery
August 2, 2022
We have been prompting investors over the last month or two to consider a framework for investing amid macro-economic, geopolitical and central bank chaos. Trying to pick how markets will respond to a barrage of sometimes conflicting influences is near impossible. The picture is so complex and dynamic, picking whether the market will fall or rise is at best just a guess. continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education.
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How to use Warren’s wise words to see you through this downturn
Roger Montgomery
June 21, 2022
Over the years, legendary investor Warren Buffett has become the Shakespeare of the investment world, whose words of advice are quoted far and wide. In a recent article in The Australian, Nadine McGrath listed some popular Buffett quotes she thought might help nervy investors navigate these volatile times. Here are some of my favourites from the list. continue…
by Roger Montgomery Posted in Investing Education.
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Price and Value are two different things – just ask Canva investors
Roger Montgomery
June 3, 2022
With the share prices of tech stocks having cratered in recent months, there are perhaps few more opportune times than now to revisit the important difference between Price and Value. It may surprise investors that every business has a real worth or a true value that may bear no resemblance to the currently traded price. continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education.
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Dollar-cost averaging to navigate market volatility
Toby Roberts
March 11, 2022
The events of 2022 to date, have undoubtedly brought the return of elevated levels of uncertainty and volatility to the world’s markets. The Chicago Board Options Exchange’s Volatility Index (commonly referred to as the VIX Index), a common gauge of broad market sentiment that measures expectations of near-term price movements of the S&P 500 Index, is currently sitting above 35 points, its highest mark since October 2020. continue…
by Toby Roberts Posted in Investing Education.
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