Feature Article
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Turning the page from Fiscal 2026 to Fiscal 2027
David Buckland
July 2, 2026
As we begin Fiscal 2027, it is worth taking a step back to reflect on the major themes that shaped global markets over the past year. I explore the key developments across equities, bonds, interest rates, commodities and currencies, and consider what they may mean for investors going forward.
From Magnificent Seven to Memory Seven
In the three calendar years 2023-2025, the Magnificent Seven (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla), rose by an average 333 per cent, turning $1.00 into $4.33.
That strong upward trajectory came to an end in the six months to June 2026, with an average decline of 2 per cent. With Microsoft (-23 per cent),Meta (-15 per cent) and Tesla (-6 per cent) leading the fall.
The baton has been passed to the “Memory” sector with an average 419 per cent capital appreciation across seven companies in six months to June 2026 being reported, namely: SanDisk (+858 per cent), Kioxia (+759 per cent), Micron Technology (+304 per cent), SK Hynix (+305 per cent), Intel (+278 per cent), Marvell Technology (+251 per cent) and Samsung (+177 per cent). continue…by David Buckland Posted in Companies, Economics, Editor's Pick, Feature Article, Financial Services, Global markets, Insightful Insights, Investing Education, Market commentary, Popular, Property.
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Navigating the new tax landscape – The shift from capital growth to income yield and the case for private credit
Roger Montgomery
June 22, 2026
The Federal Labor Government’s 2026-27 Budget tax reform package represents the most sweeping overhaul of Australia’s investment tax landscape in nearly three decades. By winding back the traditional pillars of wealth creation – specifically the 50 per cent Capital Gains Tax (CGT) discount and negative gearing on established residential property – the government has fundamentally altered the math of investing.
While today’s major policy concessions (including exemptions for testamentary trusts and a step back from sweeping ministerial discretionary powers) provide some targeted relief, the core framework remains intact.
The clear takeaway for investors is a systemic structural shift: the traditional focus on heavily leveraged capital growth has been severely compromised, making high-yielding income generation far more appealing. continue…
by Roger Montgomery Posted in Aura Group, Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Popular, Property.
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The 2026 Federal Budget – insights for investors
David Buckland
May 13, 2026
The 2026 Federal Budget has landed with some significant implications for investors.
I discuss the key economic indicators and the tax changes that are set to reshape the investment landscape.Economy
The starting point is to expect higher global inflation and lower growth with the scale of impact dependent on the length and severity of the U.S./Iran war.
Growth in Australia is expected to slow to 1.75 per cent in 2026/2027.
Real wages are expected to go backwards again, which means living standards are expected to decline. continue…
by David Buckland Posted in Economics, Editor's Pick, Feature Article, Financial Services, Insightful Insights, Investing Education, Market commentary, Popular.
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The world is volatile. Your financial future doesn’t have to be.
Roger Montgomery
August 11, 2025
Investors have faced wave after wave of uncertainty – from fluctuating interest rates, persistent inflation and more recently, volatility driven by U.S. President Trump, Xi Jinping and Vladimir Putin.
While we can’t control these events, we can control where we invest.
That’s why we’ve launched a national campaign, developed with creative agency Mahlab, to spread awareness of the benefits of astutely managed private credit. continue…
by Roger Montgomery Posted in Aura Group, Feature Article, Montgomery News and Updates, Popular.
