Cash doesn’t mean a crash
In this article published in The Australian, Roger discusses why just because we are holding large amounts of cash doesn’t mean that we think markets are about to tank. Read here.
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.
peter s
:
I see The Montaka Fund has had another stellar month. This would back up the efficacy of your sitting on the fence type attitude that you’ve expressed for a while now. Given the analysis you expressed in the article the market is very expensive now but could go even higher. In a previous one of my comments on this blog asking what it would take for The Montaka Fund to go market neutral you said ‘a catalyst’. I have been wondering what this catalyst would look like? There has been a little rumbling in the markets regarding the withdrawal of USD liquidity which has affected EM (see Indian and Indonesian reserve bank governor pleas). Would this be an example of the beginning of a possible catalyst given high asset prices are presumably so because of this excess liquidity?