Market commentary
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Costly Dividends
Russell Muldoon
April 9, 2015
One thematic that stood out in the latest reporting season was the increase in dividend payout ratios across listed companies. Whilst this no doubt pleases income hungry investors right now, many would be unaware that an insatiable hunger for dividends today could actually cost you a tonne of money longer-term. continue…
by Russell Muldoon Posted in Market commentary.
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Another handout for Baby Boomers. Thanks Joe!
Roger Montgomery
March 13, 2015
I have long explained that legislation around wealth accumulation and wealth protection is designed by baby boomers for baby boomers.
The baby boomers didn’t want to live like their parents and they don’t want to live like the generations after them will have to either. continue…
by Roger Montgomery Posted in Insightful Insights, Market commentary.
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Do We Need Greedy Pigs?
Roger Montgomery
March 11, 2015
My good friend Peter Ryan at the ABC has just penned an excellent piece on the recent findings of a research report into CEO bonuses.
In my book Value.able I wrote of the many motivations that can drive CEO behaviour. Even isolating the behaviours to Mergers & Acquisitions we can find the following: continue…
by Roger Montgomery Posted in Market commentary.
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Will 2015 be the year Australia enters a recession?
Roger Montgomery
February 20, 2015
This week the question, whether 2015 will be the year Australian enters a recession, was asked by one of our subscribers, here is what I had to say in response: continue…
by Roger Montgomery Posted in Economics, Foreign Currency, Insightful Insights, Market commentary.
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An overview of results
Russell Muldoon
February 17, 2015
Below you will find an overview of today’s results. Particularly, we have focused on those businesses that have above average market liquidity, a measure representative of their size.
As an overall quick summary, what we have seen to today, across a broad range of sectors including port operators, retailers, banks, engineering and healthcare companies, is generally no or low growth. continue…
by Russell Muldoon Posted in Market commentary.
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Will the Greeks wreck your retirement?
Roger Montgomery
February 17, 2015
On Monday night, the US markets were closed for the Presidents’ Day holiday but Greece was not sleeping comfortably.
To understand whether there are risks to your wealth from Greece’s posturing (and remember the US markets return to work tonight) it pays to understand where we are currently and how we arrived at this juncture. If you would like to know more read on. continue…
by Roger Montgomery Posted in Economics, Financial Services, Foreign Currency, Insightful Insights, Market commentary.
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We’re all in this together
Scott Shuttleworth
February 9, 2015
For the historically minded reader you will note that this title was a famous quote attributed to John Maynard Keynes, the grandfather of Keynesian economics. The quote is said to have been made by Keynes as he commented on the harsh post-war conditions placed on Germany at Versailles in 1919. In short, one condition required that Germany repay the Allies for the cost of the war. continue…
by Scott Shuttleworth Posted in Economics, Foreign Currency, Insightful Insights, Market commentary.
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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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Free Trade or simply Free?
Roger Montgomery
November 17, 2014
Is the chest beating and plumage preening about and over the Free Trade Agreement a bit of a joke?
Parliamentary Secretary to the Prime Minister, Josh Frydenberg, said the deal to be signed today with China could be worth (note the word ‘could’) up to $18 billion to the Australian economy over the next few years. I think he actually said 10 years. If that’s the case, it’s worth $1.8 billion per year.
Let’s put that into context. Our total annual iron ore exports are 600 million tonnes. At US$80/tonne, the total value is A$56 billion. The total value of the FTA could be wiped out by a US$2.79/tonne move in the iron ore price.
The full terms of the deal are expected to be signed this afternoon and the details released then also. Stay tuned.
by Roger Montgomery Posted in Economics, Insightful Insights, Market commentary.
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Is it getting easier to beat the market?
Tim Kelley
November 13, 2014
Consistently beating the market is clearly not an easy thing to do. Analysis of fund manager performance typically shows that a large proportion of them do not add enough value to cover their fees.
Some of them – admittedly – may not be trying all that hard. A manager who has accumulated many billions of dollars of funds under management (FUM) over the years potentially has a lot to lose from trying to beat the index, and maybe not much to gain. continue…
by Tim Kelley Posted in Investing Education, Market commentary.
