In this article for the Herald Sun Andrew identifies the increased demand for online shopping. As online penetration continues to grow it is difficult to see how the profit margins of Woolworths and Coles can remain unscathed. Read here. Continue…

by Andrew Macken Posted in In the Press.

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As many millennials are now reaching the age at which they start to take over the grocery shopping responsibilities, it is not surprising to observe significant growth in demand for online shopping. On the one hand, this is nothing new: we have seen the ongoing shift to online shopping across many lines of retail. On the other hand, few (if any) have successfully cracked the code for delivering groceries to the homes of online customers while also generating a profit. Continue…

by Andrew Macken Posted in Companies.

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I have considered myself a runner for the last 30 years. Over this time: I have run to race, run to feel healthy – and always run for enjoyment. I find running helpful to clear the mind. Given my three decades of experience in this field, you can imagine my surprise when I was casually reading Older Yet Faster by Keith Bateman and Heidi Jones, a few weekends ago. Continue…

by Andrew Macken Posted in Investing Education.

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Global economic growth is slowing due to a slowdown in China driven by President Trump’s trade war. This is the conventional wisdom accepted by most and questioned by few. Continue…

by Andrew Macken Posted in Global markets.

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Vesna Poljak published an article in the Australian Financial Review which discusses our Kraft Heinz short thesis. We believe changing consumer tastes and unrealistic market expectations have created a golden opportunity to go against a large group of stocks. Read here. Continue…

by Andrew Macken Posted in On the Internet.

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by Andrew Macken Posted in In the Press.

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Over the coming months, Australian citizens over the age of 18 will be required to vote to elect members of the 46^th Parliament of Australia. As always, there is a chance of a change in government. Indeed, this time around, that chance appears meaningful.
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by Andrew Macken Posted in Market commentary.

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Conventional wisdom typically holds that actively trading positions in your portfolio destroys value. Whether it’s Warren Buffett recommending a “buy-and-hold” strategy, or your advisor recommending against active-trading to minimise brokerage and taxes, there are plenty of experts out there who contend that active trading is inadvisable. Continue…

by Andrew Macken Posted in Investing Education.

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Global equity investors were certainly tested during the December quarter of calendar 2018 (4Q18). Over this three-month period, the Global Equity Market, as represented by the MSCI World Net Total Return Index in Australian dollar terms, declined by 11.0 per cent. Continue…

by Andrew Macken Posted in Global markets, Montgomery News and Updates.

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