Insightful Insights

This chart from the latest RBA Chart Pack shows (on the left hand side) the level of debt held by Australian households as a percentage of disposable income. As you can see, debt levels have been on something of a bender for the last few decades. Associated with this, we have seen excellent growth in mortgage books for the big four banks, and a generally chipper residential property market. continue…

by Tim Kelley Posted in Financial Services, Insightful Insights.

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It’s the mantra of the value investor, we should not only examine the potential returns that an investment can generate but also the potential for downside, i.e. how much of an investment could be lost and how likely is this to occur? continue…

by Scott Shuttleworth Posted in Insightful Insights.

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With news that retail ownership of shares are at the lowest level since the turn of the century (which is a more dramatic way of saying, in the last fifteen years), it’s quite possible there’s a great deal of opportunity. You can understand why many have lost interest. The problem for investors however is they’re focused on the index rather than individual companies.
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by Roger Montgomery Posted in Insightful Insights, Whitepapers.

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In our review of the poker machine manufacturing industry some time ago, we learned that demographics are playing a big part of the industry’s future. Put simply, younger people aren’t playing the slots or ‘pokies’. continue…

by Roger Montgomery Posted in Insightful Insights.

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It’s always useful to read the musings of the more reputable global hedge fund managers. continue…

by Roger Montgomery Posted in Insightful Insights.

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Altium Limited (ASX: ALU) is a business we own in our domestic portfolios at Montgomery. It’s highly likely that the business is unfamiliar to most investors given it’s by no means a big business and nor would it be considered by many to be a ‘blue-chip’, but that’s probably why we like it. continue…

by Russell Muldoon Posted in Insightful Insights.

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What would you think if I suggested you open a chain of bookstores? Would you be enthusiastic about the prospects or would you be wary?

There’s a chain of 1372 US based bookstores whose revenues are declining at a rate of 10 per cent annually. They carry between 22,000 and 164,000 titles, which is a lot of inventory. Their competitors aren’t minnows either, and include Amazon, Apple and WalMart. continue…

by Roger Montgomery Posted in Insightful Insights.

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It’s been another big quarter for Montgomery, and The Montgomery Fund in particular.

You might recall that at the 18-month mark, The Montgomery Fund (‘The Fund’) learned it had attracted an Investment Grade rating from the highly respected research house, Lonsec. continue…

by Roger Montgomery Posted in Insightful Insights.

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We have just come through another bank reporting season, so in this blog post we will provide an update on how we saw the results.

In summary the results were generally a bit softer than expected, with quality weaker than the reported numbers would otherwise indicate. continue…

by Stuart Jackson Posted in Financial Services, Insightful Insights.

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Here at Montgomery we are often asked by investors whether or not they should have a self managed super fund (SMSF). As we are not financial advisers, we cannot help people make this decision, which should largely be based on their personal situation and circumstances. However, we thought it might be helpful to outline a few of the pros and cons to consider. continue…

by Scott Phillips Posted in Insightful Insights.

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