Editor’s Pick

The US bull market is now 110 months old, and many stocks are looking expensive – despite reports of exceptional profit margins. Which is why we continue to hold a larger proportion of our portfolio in cash than many, if not most, of our peers. continue…

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

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Montgomery Global Investment Management is coming around to its third anniversary. In this week’s video insight David discusses their progress. How have the funds tracked against the benchmark?

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by David Buckland Posted in Editor's Pick, Video Insights.

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Predicting market direction is very hard to do. In this week’s video insight, Roger presents some of the facts via a series of charts to let you draw your own conclusions as to where markets are headed in the next 12-18 months.

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

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Any investor looking for long term context should read the Credit Suisse Global Investment Returns Yearbook 2018 by Elroy Dimson, Paul Marsh and Mike Staunton of the London Business School. They have analysed investment returns, volatility, and inflation from 23 countries since 1900. continue…

by David Buckland Posted in Editor's Pick, Market commentary.

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Is the current period of higher market volatility, which began in January, just a foretaste of a tougher investment landscape ahead?  All the indicators point in that direction. continue…

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

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In this week’s video insight Stuart discusses the banks. They have dominated the media headlines for all the wrong reasons recently. Given this backdrop, first half results come at a very interesting time.

by Stuart Jackson Posted in Editor's Pick, Video Insights.

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The Royal Commission into the Australian financial sector seems to be taking a dim view of the way lenders assess the expenditure of loan applicants. It’s possible it will recommend that banks check the actual level of spending of each applicant. This could have big ramifications. continue…

by Andreas Lundberg Posted in Editor's Pick, Financial Services.

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Roger joined Ticky Fullerton on Sky Business to discuss how the market’s reaction to the Cambridge Analytica scandal shows just how vulnerable investors are to technology stocks. Amazon is on a PE of over 200 times, Netflix over 300 times. Why has this happened? And do ETFs give you enough diversification?

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by Roger Montgomery Posted in Editor's Pick, TV Appearances.

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Alas, there’s no magic signal to tell us when this market could savagely correct. The latest note of caution comes from famed US investor, Jeremy Grantham. He believes we are seeing a ‘melt-up’ in the stock market – the final stages of a great bubble near to bursting. continue…

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

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We are value investors for many reasons, one of which is that establishing an estimated intrinsic value provides an anchor or a solid point of reference from which the turbulence of markets can be viewed dispassionately. continue…

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

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