Editor’s Pick

In this week’s video insight, I discuss how private credit funds can be an effective strategy for Australians, especially during the current cost–of–living crisis. I delve into why these funds might be a helpful addition to your investment portfolio, particularly in these challenging economic times. I provide a general overview of private credit as an asset class and explore its potential benefits, including the potential for regular income generation and risk management.   continue…

by Roger Montgomery Posted in Aura Group, Editor's Pick, Video Insights.

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• POSTED IN Aura Group, Editor's Pick, Video Insights

It has been a while since we reported on the major banks, which have now all provided half-year updates to their operating performance. 

Before reporting on their results, I think it worthwhile to provide you with a usefully simplified framework for analysing or comparing a bank’s performance.  Despite claims of complexity in their reporting and differentiation in their offerings, the big four banks are relatively simple businesses to understand at a high level, and broadly undifferentiated, offering everyday banking, loans, credit cards, wealth management and insurance.  continue…

by Roger Montgomery Posted in Companies, Economics, Editor's Pick.

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In last night’s ABC Nightlife interview, I joined Philip Clark to discuss the shifting landscape of the electric vehicle (EV) industry. We covered the significant drop in EV sales across Europe and debated the future sustainability of growth and market potential. Listen to the full conversation here: ABC Nightlife – ABC Nightlife – EV sales downturn.

by Roger Montgomery Posted in Editor's Pick, Radio.

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In this week’s video insight, I explore the challenging dynamics of the Victorian rental market – a pressing issue that uniquely impacts both renters and investors. Amid a nationwide rental crisis, Victoria stands out due to its plummeting rental vacancy rates and the surprising exodus of investors from the market. Despite what seems like a prime scenario for property investors, with demand high and supply low, why are many opting to leave? I delve into the reasons behind the investor retreat, explore the economic forces at play, including significant tax increases and the broader implications of these changes.   continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Property, Video Insights.

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• POSTED IN Economics, Editor's Pick, Property, Video Insights

In this episode of the Fear and Greed Podcast, Sean Aylmer and I discuss the evolving landscape of private credit and its emergence as a viable investment class. I explain how private credit operates outside the traditional banking system and has gained traction due to changes in banking regulations post-GFC. The conversation focuses on debunking myths around private credit, particularly the misconception that high returns necessarily imply high risk. This deep dive into private credit reveals its potential as a key component in investment portfolios, poised to become a more prominent asset class.

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by Roger Montgomery Posted in Editor's Pick, Podcast Channel.

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In what is perhaps a case of tail wagging the dog, a plunge in electric vehicle (EV) sales in Europe is causing at least one government there to revise the dates by which automotive manufacturers must transition to manufacturing only EVs. continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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Roger joined Alec Renehan and Bryce Leske on the Equity Mates Investing Podcast to discuss his current view on the market and opportunities for small caps and private credit. This episode also covers what’s next for interest rates, why now is the time to deploy cash, Roger’s investment philosophy and stock picking process and five stock stories. continue…

by Roger Montgomery Posted in Editor's Pick, Podcast Channel, Small Caps.

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• POSTED IN Editor's Pick, Podcast Channel, Small Caps

The Australian superannuation system is often seen as one of the envies of the world. With assets totalling $3.7 trillion, our system is the fourth largest in the world and grew by 10 per cent over 2023 from a combination of contributions made to superannuation and underlying investment performance.   continue…

by Michael Gollagher Posted in Companies, Editor's Pick, Stocks We Like.

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• POSTED IN Companies, Editor's Pick, Stocks We Like

In the dynamic landscape of investing, uncovering hidden gems amidst the sea of opportunities often requires a keen eye for potential change and growth catalysts. Telix Pharmaceuticals (ASX:TLX), despite its relatively short tenure on the ASX, emerges as a beacon of promise in the realm of biotech ventures.   continue…

by Sean Sequeira Posted in Companies, Editor's Pick.

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• POSTED IN Companies, Editor's Pick

In my recent article for Firstlinks, I revisited the stance I took nearly a year ago, advocating for investment in small caps – a position that seemed premature at the time. Subsequently, the investment landscape has evolved significantly, steering many investors, myself included, towards smaller companies both domestically and internationally. The current macroeconomic backdrop, characterised by disinflation and positive economic growth, seems particularly conducive to smaller companies with robust pricing power and innovation, traits that are essential for outperformance. Read the full article here for my full insights: Small caps are compelling but not for the reasons you might think… 

by Roger Montgomery Posted in Editor's Pick, On the Internet.

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• POSTED IN Editor's Pick, On the Internet