On the Internet

In my latest article for Firstlinks, I reflect on why 2025 delivered another strong year for equities, supported by the continued combination of disinflation and positive economic growth – with much of the strength driven by enthusiasm around artificial intelligence (AI).

continue…

by Roger Montgomery Posted in Aura Group, Digital Asset Funds Management, Economics, In the Press, Insightful Insights, Market commentary, Market Valuation, On the Internet.

• save this article
• POSTED IN Aura Group, Digital Asset Funds Management, Economics, In the Press, Insightful Insights, Market commentary, Market Valuation, On the Internet

In my latest article for Nabtrade, I explore why investors are rarely able to identify a bubble until after it has burst, and why the signals today suggest it may be prudent to prepare for a shift in 2026. Diversification and rebalancing is becoming increasingly important as market conditions become more turbulent. 

You can read the full article here: Bubbles create a shadow – time to move out from the shade. continue…

by Roger Montgomery Posted in On the Internet.

• READ ONLINE
• save this article
• POSTED IN On the Internet

Last night, on ABC’s 7.30 news report with Michael Rowland, I discussed whether surging investment in artificial intelligence (AI) is pushing large technology companies to unsustainable valuations. I noted that investors often become highly enthusiastic when new technologies emerge that are believed to reshape the world, but history shows this can inflate expectations. In the case of AI, the scale of spending by tech hyperscalers is immense, and to justify it they would need extraordinary levels of revenue.

Watch the full segment here: ABC News – Are AI investors causing tech companies to be overvalued?

continue…

by Roger Montgomery Posted in Insightful Insights, Market commentary, On the Internet, Technology & Telecommunications, TV Appearances.

• save this article
• POSTED IN Insightful Insights, Market commentary, On the Internet, Technology & Telecommunications, TV Appearances

In my article for Firstlinks, I explore whether a new brand of capitalism is emerging – one where governments take equity stakes in key industries to fund public services. Drawing on recent moves by the U.S. under Trump, I ask if Australia should consider a similar model to turn our resource wealth into broader social good, rather than relying solely on higher taxes or immigration.

You can read the article here: Firstlinks – Should Australia follow Trump’s new brand of capitalism? 

by Roger Montgomery Posted in In the Press, On the Internet.

• save this article
• POSTED IN In the Press, On the Internet

When it comes to investing, I’ve always believed the most important thing is managing risk. Over the years I’ve learnt a lot about how to build wealth steadily, and those lessons are just as relevant for people in their 30s as they are for those approaching retirement. In this bonus episode of The Money Puzzle, I sit down with The Australian’s Wealth Editor, Julie-anne Sprague, to share how I developed my approach to investing and what it can mean for your financial journey.

continue…

by Roger Montgomery Posted in In the Press, Investing Education, On the Internet, Podcast Channel, Press.

• save this article
• POSTED IN In the Press, Investing Education, On the Internet, Podcast Channel, Press

In my latest article for Nabtrade, I explore why markets continue to climb despite ongoing global uncertainty.

Momentum in sectors like artificial intelligence (AI) and expectations of policy support are helping to overshadow global uncertainty. However, elevated valuations and Trump’s unpredictability suggest a degree of caution would still be wise for investors. continue…

by Roger Montgomery Posted in On the Internet.

• READ ONLINE
• save this article
• POSTED IN On the Internet

In my latest article for Firstlinks, I unpack a fundamental question: why do investors react differently to market fluctuations when they own a listed company versus a private business? If a private enterprise consistently grows its profits, owners dismiss lowball offers. Yet in public markets, investors often panic over short-term price movements, even when the business is thriving. This disconnect has important implications for portfolio construction, particularly for retirees navigating sequencing risk. I also explore whether private credit could offer a more stable income alternative. Read the full article here: Firstlinks – An alternative asset class for income-seeking retirees continue…

by Roger Montgomery Posted in On the Internet.

• READ ONLINE
• save this article
• POSTED IN On the Internet

In this Livewire article, I highlight key factors for investors to watch in 2025. The rise in tech stocks, including the Magnificent Seven, is driven by share price momentum fuelled by disinflation and economic growth, rather than strong fundamentals. While concerns about a market correction persist, I argue that shifts in liquidity and investor sentiment are more likely to trigger downturns than elevated valuation metrics. You can read the full article here:

Livewire: What matters for 2025 and beyond

by Roger Montgomery Posted in Market commentary, On the Internet.

• 2 Comments
• save this article
• POSTED IN Market commentary, On the Internet

In this article for Firstlinks I discussed whether 2025 will be another bullish year for equities. Despite warnings of an imminent market correction, the rally in equities, particularly driven by the Magnificent Seven tech giants, persists, supported by positive economic growth and moderating inflation. While some indicators, like soaring valuations and speculative behavior, suggest caution, history shows that such conditions often don’t signal an impending crash. As long as disinflation and growth continue, there’s little reason to expect a sharp downturn. While speculative excesses are evident in certain sectors, the broader market remains robust, and 2025 could potentially see another strong year. However, future risks, including geopolitical tensions and global debt concerns, should not be ignored.

You can read the full article here: 2025: Another bullish year ahead for equities?

by Roger Montgomery Posted in On the Internet.

• READ ONLINE
• save this article
• POSTED IN On the Internet

Yesterday, I had the pleasure of participating in the InvestmentMarkets September webinar series to discuss the current economic backdrop and factors driving markets. I highlight two asset classes where I see significant opportunities for investors in the coming new year: innovative quality small companies and Australian private credit. continue…

by Roger Montgomery Posted in Investing Education, On the Internet.

• save this article
• POSTED IN Investing Education, On the Internet