Look past the labels
If you are looking for a true blue chip portfolio, you may need to rethink conventional wisdom. According to Roger Montgomery, a true blue chip portfolio has nothing to do with size or longevity and everything to do with quality. Roger’s Value.able portfolio for Money is proof of this strategy – on average, the stocks in the portfolio have risen 27 per cent in just six months. Read Roger’s article.
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.
LukeS
:
This money article reflects the thoughts in the Fool newsletter. They said about you..
” When you ask a smart investor like Roger Montgomery about his best ideas, there are two possible outcomes. He either likes what you like and hates what you hate, or he hates what you like and likes what you hate.”
Andrew
:
I agree with you Roger, as i am sure all do here as well seeing how we sing from the same songsheet.
There are many companies which people know and there for they are more comfortable investing in them even though they are not the best quality. Is it lack of education or laziness? I am not so sure, probably a mix of both as well as making decisions based on what they see on TV and read in the papers.
I think along the lines of if a company is very regularly written about in the AFR then i don’t really want any of it. There are exceptions of course but the general premise has merit i feel.
The best companies just get down to business and boring is probably a good way to describe them. No takeovers or acquisitions, just natural organic growth due to good business economics powered by a sustainable competitive advantage. They must have both not just one however.
Ashl
:
Hi Roger,
Avoiding the badies are just as important as finding the goodies
Thanks again
zoran
:
You are THE MAN,Roger.
Cheers
Zoran