The new Montgomery Alpha Fund has just completed its first month of live trading, returning a pleasing 3.24 per cent for August after all fees. Given our target for the Fund is to return 6-8 per cent above the cash rate annually, this is well ahead of what we might consider “normal”.  There are a couple of observations around risk and return worth making here. Continue…

by Tim Kelley Posted in Market commentary.

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IPH (ASX: IPH) was one of 2014’s hottest floats. It listed at $2.10 and peaked at $9.34 in February 2016. But with its share price now below $5.50, does IPH present an investment opportunity? Continue…

by Ben MacNevin Posted in Companies.

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Another week, another set of entertaining quotes from the auction rooms as a fresh wave of investors bids over the reserve for a piece of Sydney real estate. Oh, yes, you gotta love asset bubbles. They produce quotes that, when told on the other side of the crash, seem so ridiculous they’re unbelievable. Continue…

by Roger Montgomery Posted in Editor's Pick, Property.

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Just because a company’s share price rises strongly doesn’t mean it no longer represents ‘good value’. It could still be ‘cheap’ if its value outstrips its share price rise. Take Altium (ASX:ALU), for example, which just reported exceptional results for FY16, and forecast a very rosy FY17. Altium’s share price rocketed to an all-time high, but we think the company might still be one of the best value propositions on the ASX. Continue…

by Roger Montgomery Posted in Companies.

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TradeMe is New Zealand’s leading online marketplace. It’s like eBay, REA, CAR and SEK all rolled into one. Having upgraded its trading platform, the company is set to return to strong earnings growth from FY17. TradeMe fits a number of our preferred investment characteristics, and we continue to hold it in our funds. Continue…

by Stuart Jackson Posted in Companies.

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One of my favourite finance books was given to me by Mark Carnegie after a meeting where we discussed markets and valuation.  That book is called The (Mis)behavior of Markets and its author was none other than Benoit Mandlebrot – the father of fractal theory. Continue…

by Roger Montgomery Posted in Investing Education.

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by Roger Montgomery's Team Posted in Old Content.

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by Roger Montgomery's Team Posted in Old Content.

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