We talk a lot about downside protection at Montgomery Global. Intuitively it seems like a very good thing. Who on earth ever wanted their money to take nose-dive? (Answer: nobody). But the idea of reducing downside risk immediately raises some questions, like: what’s the value of protecting the downside? Or, what do I have to give up to insure against the downside? And of course, how do I go about putting downside protection in place? Continue…

by Christopher Demasi Posted in Investing Education.

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In its recent study of internet trends, US venture capital firm Kleiner Perkins reported that the total mobile payments made in China reached 16 trillion US dollars in 2017. This sum represents a tripling from the previous year Continue…

by Christopher Demasi Posted in Companies, Stocks We Like.

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A few weeks ago I wrote that Montgomery Global looks to maximize the chance of investment success by investing in the right place AND at the right time. I also promised a fun follow up example to this somewhat counterintuitive claim below: Continue…

by Christopher Demasi Posted in Investing Education.

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So far this year the share price of AMP (ASX:AMP) is down by 22 per cent. That creates a problem for investors who were tempted by the stocks promise of juicy dividends. And reminds us that investing for income alone isn’t a good investment strategy. Continue…

by Christopher Demasi Posted in Companies.

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While a lot of people Down Under were dusting off kips and tucking fresh pineapples into their wallets late last Tuesday evening in preparation for the Anzac Day ahead, you may have just missed the funds report from St. James’s Place coming out of the United Kingdom. St James’s Place showed that funds under management can be resilient even when the market gets choppy. Continue…

by Christopher Demasi Posted in Companies, Stocks We Like.

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“The key to success is being in the right place at the right time, recognizing that you are there, and taking action!” – Ray Kroc

Last week we had the pleasure of sitting down with some of Montgomery Global’s friends and clients in (a very sunny) Melbourne to discuss how we maximize the chance of investing success: it all comes down to being in the right place at the right time. But what does this mean? Continue…

by Christopher Demasi Posted in Investing Education.

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The first quarter of this calendar year has seen some wild moves in equity markets, especially when compared to the quiet calm of the share market in 2017. While value investors welcome share price gyrations, volatility isn’t all that matters for stock pickers. Dispersion and correlation are just as important but remain less co-operative. Continue…

by Christopher Demasi Posted in Editor's Pick, Global markets, Market commentary.

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The US consumer is feeling good! Confidence is up, wages are rising and inflation is benign. Continue…

by Christopher Demasi Posted in Global markets.

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Do you know which country does the most online shopping? How does the US compare? Do you even know what proportion of shopping is done online in Australia? In today’s memo I want to take the pulse of e-commerce across the globe given its becoming such a wonderful opportunity for some businesses, and such a disturbing threat for other businesses. Continue…

by Christopher Demasi Posted in Consumer discretionary.

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