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Money News 24.04.2018

Money News 24.04.2018

In this interview with Ross Greenwood on Money News, David Buckland discusses the big falls we have seen in a number of stocks in the past few days. These include iSelect, Blue Sky Alternative Investments, AMP and Kogan.

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Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.

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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3 Comments

  1. David though this was a depressing interview you have hit the nail on the head. There appears to be something rotten in corporate Australia and it seems to relate to lack of integrity that stems from the top – perhaps as you hint at this issue has a generational issue.

    The case of AMP and the other banks/funds is instructive – if these big players (with the best renumerated executives) in the country can’t even get the basics right then what is happening elsewhere?

    John

    • Hi John, in their integrated business models too many went for “share of wallet” while forgetting about the need to give their clients the best possible (transparent) advice. The AMP was the premier institution in this country for decades and its Board was generally lead by the most impressive (and conservative) people. However, since floating in June 2001 (when the share price exceeded $30 intraday), it has mostly been an enormous disappointment.

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