The right direction (07/01/2014)
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
INVEST WITH MONTGOMERY
susie nolan
:
Hi, find your video’s very helpful. I have already purchased Iress, should have waited, but like seek also. This is the year to re-think and learn as much as I can. Very exciting
Andrew Legget
:
2014, the start of a new year and as you said a chance to re-evaluate our current practices and clear out some not so healthy ones.
All the businesses you state are obviously top drawer.
Woolworths is still arguably for me the best company listed on the ASX. Nothing flash or exciting but just really good at what they do and they very rarely get over ambitious. (Masters being probably the last example and jury is still out on this).
The others all have strong competitive positions of different strenghs but i expect them to still be great companies in the short to medium term at least.
I think another aim for investors in 2014 is to make an effort to increase your investing skill set and tool belt. Just like companies, we need to make sure we stay ahead of pack, educate ourselves and even innovate to create and keep our own competitive advantage.
Finally, take a step back and think about your philosophy as a whole and work out what your weaknesses and bias are so that you can be aware of them when they arise and come up with a strategy to deal with them as they are always there.
My super bold preditctions for 2014:
– Some days the market will go up and other days the market will go down.
– Some businesses will trade at crazy premiums and some at crazy discounts, most of the time they will trade in and around fair value.
michael castaldo
:
Does this mean that you guys are still buying CSL even though your intrinsic value calculation says that it is only worth $44 per share?