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A quick lesson on what to look for (17/02/2016)

A quick lesson on what to look for (17/02/2016)

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Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

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.

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2 Comments

  1. Hi Roger

    Totally understand where you are coming from however if you had brought Telstra back in August 2012 when you started your fund your total return including dividends would be around 85%. Telstra was trading around $3.50 in August 2012 and have distributed around 1.10 in dividends. This equates to a better return than you fund.
    Cheers

    • Very true Tony…and if you’d picked any penny dreadful gold stock at the very bottom and it subsequently rallied 400% you would have done better too. But that isn’t investing. The reality is that few people pick the bottoms and most Telstra investors have bought at higher prices (for example after John Howard suggested every Australian should participate in the great company that is Telstra’s second sell down at $7.40).

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