As we have noted before, the outlook for loan book growth is one of the main factors that drive the prospects for bank earnings growth. The issue for the banks – and investors in the sector – is that rates are more likely to rise in the medium to longer term, and this will put downward pressure on loan book growth.
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by Stuart Jackson Posted in Financial Services.

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Resource stocks have enjoyed a stellar year.  Anyone who invested in the sector at the start of the year is enjoying bumper returns, while those who did not are lagging badly.  It begs the question: should you invest more heavily in resources stocks?  Our short answer is “no”.  And here’s why. Continue…

by Tim Kelley Posted in Energy / Resources.

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As 2016 draws to a close Montgomery’s CEO David Buckland discusses some company updates, reflects on the Montgomery Global Fund’s performance and introduces a recent addition to the Montgomery team.

by David Buckland Posted in Video Insights.

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Humans are notoriously bad at picking turning points.  We tend to believe the future will look like the recent past.  That’s why so many investors make decisions about the future by looking in the rear view mirror.  However, I believe the best returns over the next few years will come from buying high quality, high growth companies – many of which are now at beaten-down prices.

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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Ten Network Holdings Limited (TEN:ASX) held its 2016 annual general meeting last week.  The news was not great for shareholders, who are witnessing the decline of a once-robust media company.  And there seems to be no light at the end of the tunnel. Continue…

by David Buckland Posted in Companies.

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In May, the Australian Government announced a number of changes to superannuation. It’s now confirmed these changes will be legislated, taking effect from 1 July 2017. Let’s look at the key changes, and how they might affect you. Continue…

by Scott Phillips Posted in Montgomery News and Updates.

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After an extended period in the doldrums, interest rates are finally on the rise.  As I’ve written before, this could have a momentous effect on asset prices.  And most at risk will be those who have accumulated immense debt, and investors who have bought shares in low-growth big caps. Continue…

by Roger Montgomery Posted in Market commentary.

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by Roger Montgomery's Team Posted in Old Content.

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