Market commentary

The Australian equity market has been unfriendly to our style of investing recently.  We knew before we stepped onto the field that there would be years when we generated very large excess returns and years when we would suffer, but even when you know they will happen, the bad years are always painful when they occur. continue…

by Tim Kelley Posted in Market commentary.

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Right now, many investors are probably patting themselves on the back, having profited from a booming property market and the makings of a resurgent share market.  But there is an elephant in the room – rising bond yields.  And they could bring the party to an abrupt end. continue…

by Roger Montgomery Posted in Market commentary.

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Hands up if you read the fine print when you receive a company prospectus. Odds on, your hand is still down. Because the sad fact is most of us have a terrible habit of ignoring the fine print. Put it down to lack of time, a trusting nature, or lack of expertise. Either way, it can be a costly mistake – you need to know what you are about to buy. continue…

by Ben MacNevin Posted in Market commentary.

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We recently held a webinar for those people who had shown interest in the two alternative investment solutions that we offer here at Montgomery, being; the Montaka Global Access Fund and recently launched Montgomery Alpha Plus Fund. 

by Scott Phillips Posted in Market commentary.

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Warren Buffett is famous for his quips about the folly of investing in airlines, and once labeled the sector a ‘death trap’ for investors. But now he has changed his tune. What could have prompted this? And does it mean that airlines are now an extraordinary investment? continue…

by Roger Montgomery Posted in Market commentary.

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Most days you’ll see a company announcement about a director either cutting or boosting their shareholding.  These transactions often raise eyebrows.  After all, they must know something that we don’t, right?  So, should you sell when they sell, and buy when they buy? continue…

by Tim Kelley Posted in Market commentary.

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In the wake of Donald Trump’s victory, I’ve been hearing a lot of Chicken Little-like fretting about what it means for stock markets and portfolios.  That’s fair enough because, to quote the legendary Sam Cooke, it looks like a massive change is gonna come.  So, as investors, how concerned should we be, and what should we be doing to preserve our wealth? continue…

by Roger Montgomery Posted in Market commentary.

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With election uncertainty finally out of the way, investors now need to grapple with a new question: how does this change in the US political landscape affect markets and market expectations?  Is it time to be greedy, or fearful?

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by David Buckland Posted in Market commentary.

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I recently surveyed our portfolio and was stunned by the magnitude of the daily price moves. It was only 1.50pm yet APN Outdoor was up 4.32% on no announcement, TradeMe was down 2.77%, Healthscope was down 2.64% and Challenger down 1.92%.

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

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The Baltic Dry Index (BDI) reflects global demand for major raw materials – like coal, iron ore and grain.  It is therefore a leading indicator of future economic activity.  So it pays to watch it closely.  Right now, the index does not fill us with confidence. continue…

by David Buckland Posted in Market commentary.

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