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 week’s video insight, I dive into the topic of asset allocation and how to approach balancing risk and return. Using the analogy of a boat, I explain how equities can act as the engine driving growth, while credit serves as the hull that keeps you steady. The right strategy depends on your stage of life and financial goals. I also touch on the growing appeal of private credit for its potential to deliver strong returns with less volatility. The ultimate goal is to build a portfolio that’s built to last through all conditions.

Continue…

by Roger Montgomery Posted in Investing Education, Video Insights.

• save this article
• POSTED IN Investing Education, Video Insights.

The chorus of equity market bears is growing louder. This time, they’re suggesting the emergence of new, more energy-efficient artificial intelligence (AI)-powered large language models (LLM) combined with massive investment in the infrastructure required for legacy models will result in oversupply and crashing prices akin to that seen during the development and life cycles of previous technologies. Continue…

by Roger Montgomery Posted in Technology & Telecommunications.

• save this article
• POSTED IN Technology & Telecommunications.

As February’s reporting season kicks off, investors are keenly focused on company profits as ASX-listed companies release their half-year financial results. During this time share price movements can be frequent, with some potential for noticeable fluctuations, particularly if results come in below expectations. Continue…

by Roger Montgomery Posted in Companies.

• save this article
• POSTED IN Companies.

Continue…

by Roger Montgomery Posted in Podcast Channel, Technology & Telecommunications.

• save this article
• POSTED IN Podcast Channel, Technology & Telecommunications.

In this week’s video insight, I discuss the potential shift in the artificial intelligence (AI) and tech landscape following the emergence of DeepSeek-RI, an open-source AI rivaling Western models at a fraction of the cost. With Nvidia’s (NASDAQ:NVDA) recent sharp share price drop and questions around energy-intensive data centers, I explore how these developments could challenge U.S. tech dominance and reshape the AI market’s cost dynamics. Continue…

by David Buckland Posted in Technology & Telecommunications, Video Insights.

• save this article
• POSTED IN Technology & Telecommunications, Video Insights.

You gotta love it when a party ends and the lights come on. Blinking and adjusting to the bright lights, you begin to see clearly that which was previously blurry and obscured. 

One of the most repeated mistakes equities investors make is the assumption that their poster-child industry leader will always remain so. Nobody ever seems to assume that competitors will emerge and take a significant share from the first mover. That failure leads to sky-high price-to-earning (P/E) ratios and unrealistic pricing. Continue…

by Roger Montgomery Posted in Companies, Technology & Telecommunications.

• save this article
• POSTED IN Companies, Technology & Telecommunications.

Although recent Federal Reserve statements about slowing the pace of future rate cuts prompted a swift market pullback and led to higher bond yields, many analysts believe any downturn will be short-lived.

Continue…

by Roger Montgomery Posted in In the Press.

• READ
• save this article
• POSTED IN In the Press.