Market commentary
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Why we steer clear of hockey-stick forecasts
Tim Kelley
September 28, 2016
At Montgomery, our investment approach is strongly evidence based. We look for quality businesses with a history of positive earnings, and we steer away from those with negative earnings even when there is a ‘great turnaround story’ to tell. It means we sometimes miss out on making super-normal gains. But, more often, it means we avoid being disappointed when a hockey-stick forecast falls flat. continue…
by Tim Kelley Posted in Market commentary.
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Will a ‘robo adviser’ be your next financial adviser?
Scott Phillips
September 22, 2016
Artificial intelligence is disrupting industries as diverse as manufacturing, healthcare and journalism. So it is not surprising that financial advice which was typically delivered through a financial adviser is being disrupted. continue…
by Scott Phillips Posted in Market commentary.
Taggedindex funds, robo advice- 1 Comments
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Reasons to invest in a market neutral fund
Roger Montgomery
September 21, 2016
Buy low. Sell high. That’s all there is to it, right? Well, not quite. You see there are alternative strategies that not enough investors are taking advantage of. You could sell first and buy later at a lower price. As long as the selling is at a higher price than the buying, it doesn’t matter which comes first, you’ll still make a profit. continue…
by Roger Montgomery Posted in Market commentary.
Taggedalternatives, interest rates, market neutral- 3 Comments
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‘New normal’ just a fad that could hurt retirees’ plans
Roger Montgomery
September 15, 2016
Retirees are in danger of seeing their investment portfolios meaningfully and detrimentally impacted by an unwinding of the latest fad. That fad can be named “expensive defensives” and there are valid reasons for the development of this fad. Indeed many are calling it the “new normal”. But it is just a fad and one that, like all fads, will end. continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
Taggedinterest rates- 4 Comments
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No Dividends for You!
Roger Montgomery
September 13, 2016
Just when you thought it was safe to ignore market volatility, sit back and milk those regular bank dividends, comes a timely warning from my friend and AFR Contributing Editor, Chris Joye. Whether you agree or disagree doesn’t matter. But woe to you, bank shareholders, who don’t understand what his musings mean for your belief in the enduring power of Aussie bank shares to sustain your retirement income and lifestyle. His latest missive sounds like a wake-up call to catatonic bank dividend collectors. continue…
by Roger Montgomery Posted in Market commentary.
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WHITEPAPER
INTEREST RATES, THE BEST IT GETS. IT’S TIME TO DEPLOY CASH
Curious about the investment landscape in 2024? It appears that the current market offers a plethora of enticing opportunities for investors, a rarity not experienced since pre-pandemic times. This unique scenario stems from a confluence of factors, including elevated yields and comparatively rational equity valuations.
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Market Correction? What to do next.
Roger Montgomery
September 12, 2016
We all know that major corrections in the stock market occur more frequently than academic models suggest and more frequently than we would like. The question of course is not ‘if’ the market will correct but ‘when’? continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
Taggedalternatives, market neutral- 13 Comments
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The rise of the minor parties is a signal that everything has changed
David Buckland
September 8, 2016
Australia in the 1950s was cricket in the backyard under the hills hoist, and those political parties other than the ALP and the Coalition received 5 per cent of the national vote. continue…
by David Buckland Posted in Market commentary.
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What to make of reporting season
Stuart Jackson
September 7, 2016
As detailed in one of our blogs in late July, the confession season had been relatively sparse this year. This set the market up for greater levels of earnings surprise than in previous years, and this is exactly what the reporting season delivered. continue…
by Stuart Jackson Posted in Market commentary.
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What happens when a population declines?
David Buckland
September 6, 2016
The world’s population is at an all-time record high of around 7.4 billion, and the United Nations estimates it will be over 11 billion in the year 2100. But populations aren’t growing everywhere. Detroit’s population is down 65% since peaking in 1950. And Japan’s is expected to drop 33% by 2060. The declines pose a new set of challenges for these communities. continue…
by David Buckland Posted in Market commentary.
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Don’t ask the barber if you need a haircut
Roger Montgomery
September 5, 2016
Some analysts say you shouldn’t ask your broker whether or not to buy stocks, as they have a conflict of interest – they will always tell you to buy. So, who should you ask? Perhaps J. Kyle Bass, the man who profited handsomely from predicting the subprime mortgage meltdown. Bass is convinced China will need to devalue the renminbi, which would be bad for equities. We think it may pay to read what he says. continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
