Investing Education
-
New Car Anyone?
Roger Montgomery
November 8, 2012
By Russell Muldoon & Roger Montgomery
We like to keep an eye on monthly new car sales statistics produced by the Federal Chamber of Automotive Industries. For a number of businesses we are interested in, including Carsales and ARB Corporation, they are both beneficiaries of a high level of new vehicle turnover.
by Roger Montgomery Posted in Insightful Insights, Investing Education, Manufacturing.
-
RBA favours ‘riskier’ investments?
Tim Kelley
November 7, 2012
In the wake of the RBA’s decision to leave interest rates unchanged it’s interesting to see some of the commentary on the attractiveness of fixed interest versus ‘riskier’ investments, including property and shares. RBA governor Glenn Stevens is reported to favour investors moving into these asset classes away from low-yielding term deposits.
We have recently been doing some interesting analysis to better understand the long-term value proposition currently offered by the Australian equity markets. We will share the results of the analysis here when completed, but the emerging view – for those with a long-term perspective – is that governor Stevens has a valid point.
by Tim Kelley Posted in Insightful Insights, Investing Education.
-
Know your Options
Tim Kelley
November 1, 2012
From time to time we are asked about option strategies. There are many different types of option strategy, and the merits of any given one depends very much on the particular strategy and the circumstances, but there are a few general principles that are worth keeping in mind. These include:-
– Buying or writing options is a zero sum game. This means that when one person sells an option to another, one of them will win and the other will lose. This is in contrast to ordinary shares where it’s reasonable for all long-term investors to expect a positive return
continue…by Tim Kelley Posted in Insightful Insights, Investing Education.
-
MEDIA
Go against the flow and thrive
Roger Montgomery
October 27, 2012
In this Australian article published 27 October 2012 Roger discusses how behaving counterintuitively may result in better performance for your portfolio. Read here.
by Roger Montgomery Posted in In the Press, Insightful Insights, Investing Education, Market Valuation.
-
WHITEPAPERS
Why the Stock Market Doesn’t Work (White Paper)
Roger Montgomery
October 19, 2012
What is ailing the stock market and why have investors deserted it in droves?
Founder of Montgomery Investment Management and author of value-investing bestseller Value.able reveals the steps he is taking to ensure investor returns and investors return.
This white paper is exclusively for Roger Montgomery.com subscribers.
by Roger Montgomery Posted in Investing Education, Whitepapers.
-
WHITEPAPER
HIGHER RETURNS AND LOWER RISK? YES, IT’S POSSIBLE WITH PRIVATE CREDIT
Discover how private credit can deliver higher returns with lower risk in our latest whitepaper. Learn how the Aura Core Income Fund’s AA equivalent rated portfolio has consistently outperformed while maintaining transparency and robust risk management. Unlock the insights to achieve superior risk-adjusted returns today.
READ HERE -
What is your best performing stock pick for the next 9 months?
Roger Montgomery
October 5, 2012
September was a challenging month for investors but Montgomery chalked up another outperformance in both The Montgomery [Private] Fund and The Montgomery Fund (see figure 1).
Of course in the short term the performance of share prices can be attributed to noise and randomness and so the bigger question is always; which businesses will be worth substantially more in the future?
What is your suggestion for the best performing stock for the next nine months to June 30, 2012?
Pick the best performing stock in the next nine months and gain fame and notoriety, kudos and credit.
Each month we’ll track the list and present the table until June 30, 2012.
All the best and stay tuned.
by Roger Montgomery Posted in Companies, Intrinsic Value, Investing Education.
-
A good time to consider allocating to equities ?
Tim Kelley
September 27, 2012
At Montgomery Investment Management we don’t claim any special ability to predict where equity markets will go next, but we do know that buying equities when they are relatively inexpensive is a reliable path to better than average long-term returns. One simple way of gauging relative value is to compare the dividend yield for the market as a whole with its historical average (although we don’t advocate valuing individual companies in this way). It’s worth noting that the current dividend yield on the ASX All Ordinaries is around 4.65%, vs an average of 3.84% for the last 20 years (Source: IRESS).
by Tim Kelley Posted in Insightful Insights, Investing Education.
-
If Only They Had Skaffold
Roger Montgomery
September 20, 2012
Notch up another win for investors who use Skaffold. Back in August last year I was asked by a viewer on Sky Business what I thought of MacMahon Holdings (ASX:MAH).You can watch the video here at 5 mins 20 seconds.
When asked the question, I looked at Skaffold.com and noting the very small change in intrinsic value over many years I said “This business is not going to deliver sustainable long-term outperformance”.
Today’s near-40% share price decline, announcement of a cost blowout, a downgrade to previous earnings guidance and the immediate resignation of the CEO Nick Bowen is a blow to those investors who own the shares of MacMahon and do not own Skaffold.
by Roger Montgomery Posted in Companies, Insightful Insights, Investing Education, Skaffold.
-
MEDIA
How should you view a takeover offer on a company in your portfolio?
Roger Montgomery
September 19, 2012
Roger Montgomery discusses his insights into how to view takeover offers, and in particular he discusses the Sundance Resources (SDL) takeover bid with Ross Greenwood on Radio 2GB. Listen here.
This program was broadcast 19 September 2012.
by Roger Montgomery Posted in Insightful Insights, Investing Education, Radio.
- save this article
- POSTED IN Insightful Insights, Investing Education, Radio
-
New ASX Investment Talk – Beating the Index
Roger Montgomery
September 14, 2012
Join Roger as he explains how the long-standing principles of value investing can be applied so that you too can identify A1 businesses for your portfolio and beat the index. Watch here.
by Roger Montgomery Posted in Insightful Insights, Intrinsic Value, Investing Education, Market Valuation.
