Current challenges for investors
In this week’s video insight Roger discusses the current challenges for investors, particularly those focused on quality and opportunities for growth. This being due to reasons such as the expected downturn in the property market, inevitable downturn in construction activity and record levels of debt.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
wei-khing-seow
:
Hi Roger,
What’s the thesis around why the residential construction workers cannot shift to the government lead infrastructure boom that is occuring? Is it a misalignment in location of work or some skillset differences? If so, are these truly significant enough transition barriers for them not to find work if desperate enough? During the last construction downturn, are you aware of where these construction workers transitioned to? i.e x% cyclical unemployment, y% adjacent industries, z% to other non/semi-skilled non adjacent industries, a% retirement/structural unemployment, etc?
Thank you.
Roger Montgomery
:
How many chippies and brickies can start work the folowing week on a cross-city tunnel? They will go from being in shortage today to slipping leaflets in your letterbox looking for jobs.