Investing Education
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Paying Dividends
Roger Montgomery
April 2, 2015
The emerging debate about whether the politically suicidal decision to reduce the tax benefits of franking credits and by extension the attractiveness of dividends for income, brings to my mind the company run by Warren Buffett – Berkshire Hathaway. This is a business that has not paid a dividend since 1967, but has created thousands of millionaires and quite a few billionaires too. continue…
by Roger Montgomery Posted in Investing Education.
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Investment Madness
Tim Kelley
March 16, 2015
Here’s a question for you: what kind of business becomes more attractive as an investment proposition the more expensive it becomes? continue…
by Tim Kelley Posted in Insightful Insights, Investing Education.
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WHITEPAPERS
Will the market boom or bust in 2015?
Roger Montgomery
March 6, 2015
The answer to that question will be known in a few short months. We already have some pretty good indications that validate our optimism. But some equally solid arguments can be mounted that validate our caution.
Roger Montgomery is the founder and Chief Investment Officer of Montgomery Investment Management. To invest with Montgomery, find out more.
by Roger Montgomery Posted in Companies, Economics, Insightful Insights, Investing Education, Market Valuation, Whitepapers.
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Does the market offer value?
Tim Kelley
March 4, 2015
Over the long haul, the equity market tends to offer a pretty good deal. Compared with holding cash, investors assume a significant amount of risk, but that risk is generally well-rewarded with higher returns. If your timeframe is long enough, the risks tend to even out somewhat, and the returns compound meaningfully. Staying in cash for twenty or thirty years would normally be a dreadful investment strategy. continue…
by Tim Kelley Posted in Insightful Insights, Investing Education, Market Valuation.
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How does the Australian Market Measure Up?
Tim Kelley
February 5, 2015
We have found the market to be a little frustrating in recent times. Through the various market ups and downs the sort of high quality companies we like to invest in have generally remained well-supported, whereas many of the lower-quality companies – a large number of them related to resources, have been getting cheaper. Given the uncertain prospects for this latter group, our overall feeling is that the market does not offer particularly good value at the moment, and we have a significant proportion of our funds in cash. continue…
by Tim Kelley Posted in Investing Education, Market commentary.
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Investing Overseas: Time to buy Greece?
Roger Montgomery
February 4, 2015
There is a definite element of contrarianism to value investing. Not always of course, but sometimes the market’s negative reaction, to news that is of a temporary nature, prices the shares of a company as if the problem were permanent. Going against the tide in these cases can produce very satisfactory investment outcomes. continue…
by Roger Montgomery Posted in Foreign Currency, Insightful Insights, Investing Education.
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“Dummies” Yielding Losses
Roger Montgomery
February 2, 2015
Chris Joye (who wrote this piece about Montgomery) and whom I regard extremely highly, has written a useful piece for the Australian Financial Review today, which he has also distributed via email. It’s a piece that yield hungry investors MUST read. Too much money can be lost by not heeding his words and we couldn’t have written it better ourselves. Chris’ email reads below:
by Roger Montgomery Posted in Insightful Insights, Investing Education.
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Stratton the Saviour?
Ben MacNevin
January 30, 2015
We consider Carsales.com (ASX:CAR) to be one of the highest quality businesses on the ASX and has been favoured by Montgomery Investment Management for a number of years. Yet in September 2014, we exited our position based on a number of concerns which we detailed here. continue…
by Ben MacNevin Posted in Insightful Insights, Investing Education.
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Looking back but forward
Russell Muldoon
January 29, 2015
Here is a simple investing rule: share prices will follow a business’ profitability over the long term. In the words of Warren Buffett, “Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value”. continue…
by Russell Muldoon Posted in Insightful Insights, Investing Education.
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MEDIA
what looks attractive this year
Tim Kelley
January 20, 2015
In these highlights from Your Money Your Call, Tim Kelley discusses expectations around quantitative easing out of the European Central Bank and attractive companies in the Australian market. Watch here.
by Tim Kelley Posted in Companies, Insightful Insights, Investing Education, TV Appearances.