• Andreas identifies four drivers of Codan's strong performance: Read here.

Merry Christmas from the Montgomery Team


Merry Christmas from the Montgomery Team

We have reached that time of the year where the sun is shining, friends and family are gathering and it’s time to hang up our keyboards and recharge. In our final post for the year, we wanted to wish you all happy and safe holiday season filled with joy.

2019 has seen record low interest rates and all-time highs for equity markets. Will this theme continue into 2020? It appears we will enter 2020 vastly different to how we started 2019 – with the ASX/300 Accumulation Index rallying 26 per cent calendar year to 19 December.

From the entire team at Montgomery, thank you for your support in 2019 and for all of your questions, comments and contributions. We hope you have enjoyed the content we have shared through the year.

We are now taking a short break but will return 13 January 2020 with new content and insights to navigate the year ahead.

If you would like to catch up on some reading during the holidays, here are our top stories from the last quarter:

2019 – the year in review

The market’s expensive right? 

Is Pointsbet holdings worth a bet? 

What did we learn from the Telstra investor day?

Three small caps to keep an eye on

The power of compounding when rates are low 

We also remind you about our Small Caps Management Video Series where Gary Rollo interviews management teams of the companies we own in the portfolio. You can watch the series here: MONTGOMERY SMALL CAPS MANAGEMENT VIDEO SERIES

From everyone at Montgomery, our warmest wishes and may the New Year be filled with many happy returns.


Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. 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.

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  1. Roger,
    A happy snappy New Year.
    Thank you for a great decade of interesting articles
    Peter Bryan (BryanP)

  2. Merry Christmas and a Happy New Year to you all. I look forward to our continuing business relationship throughout 2020.

  3. Merry Christmas Roger, colleagues, and fellow posters and readers. Thanks for your composed, reasoned and dialogical approach. In relation to the joke…

    “There is a story that has been going around about a physicist, a chemist, and an economist who were stranded on a desert island with no implements and a can of food. The physicist and the chemist each devised an ingenious mechanism for getting the can open; the economist merely said, “Assume we have a can opener”!

    I think the value investor, I hope, is the one who never got stranded in the first place but is able to laugh at the joke.

    2020 should be an interesting year.

  4. As a long time and old active investor i never let a day go past without reading the Roger Montgomery blog,your indepth analysis and topic selection and quality of presenters are at the top of the tree and in this uncertain and crazy world of investing which presents speedhumps and cross roads at frequent intervals good sound reliable reading is hard to find.
    With my “Valueable” book in hand some of my long term holdings thanks to Roger which i still hold today at much higher prices are,
    Cochlear,Real Estate.com.au Altium, CSL, Ramsay, ARB, Seek, and the list goes on.
    So why wouldnt i follow the Roger Montgomery way of investing and making money.
    A very Merry Christmas and a Happy and Prosperous new year to you all.

  5. Thanks for all the articles throughout the year best wishes to all the Montgomery team and a happy and safe Christmas and new year

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