Search Results for: bubble
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Money News 20.02.2020
Roger Montgomery
February 21, 2020
Roger joined Brooke Corte on Money News to discuss the amount of money being invested in private businesses via private equity. The net assets of private equity investments is now four times the market capitalisation of the US stock market. Are we seeing a bubble form?
by Roger Montgomery Posted in Radio.
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Why Infigen should profit from our decarbonising economy
Gary Rollo
February 17, 2020
As Australia continues its slow, but steady, journey to decarbonise its economy, there will no doubt be winners and losers. One of those winners could be Infigen Energy (ASX: IFN), which develops, owns and operates renewable energy generation assets. Continue…
by Gary Rollo Posted in Companies, Stocks We Like.
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What’s behind the weak performance of quantitative investing?
Tim Kelley
February 3, 2020
Equity markets have been very kind to investors in recent years, with stock indices setting new records in Australia and overseas. Notwithstanding some episodes of turbulence along the way, these good results continue a decade-long run of mainly positive returns following the depths of the GFC in early 2009. Continue…
by Tim Kelley Posted in Investing Education.
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Stand clear as the Unicorn bubble unwinds
Roger Montgomery
November 6, 2019
Growth investors are having a field day criticising the poor performance of value investing. Their views have been bolstered by the booming price of some growth stocks – notably, profitless Unicorns – and research by two accounting professors, found that not only had value investing failed for investors in recent years but that it had never worked. Continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education, Market commentary.
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Bulls, bonds and brain damage
Roger Montgomery
October 10, 2019
In this article for Firstlinks Roger discusses the dangers in both private equity markets and bond markets. Whether it is from these markets that the next black swan or contagion emerges remains to be seen but bubbles they are, without doubt. Read here.
by Roger Montgomery Posted in On the Internet.
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How to prevent a recession we don’t have to have
Roger Montgomery
October 8, 2019
Back in November 1990, with the Australian economy deep in the doldrums, Treasurer Paul Keating uttered his now famous remark that this was “a recession that Australia had to have”. It was, remarkably, Australia’s last recession. Today, with our economy again looking into the abyss, I believe there is a simple measure the government could take to prevent the next one. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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Rebalancing a portfolio in a volatile market
Roger Montgomery
October 2, 2019
As the sharemarket gyrates around record highs, it is easy to conclude that risks are low. In fact, if a simple market truth is observed – that the higher the price you pay, the lower your return – then it must be true that as the market registers new highs, conditions are riskier. Continue…
by Roger Montgomery Posted in Investing Education, Market commentary.
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Choosing top stocks in a volatile market
Roger Montgomery
September 25, 2019
In this article for the ASX, Roger discusses how to navigate current market conditions and choose top quality companies. With interest rates declining for the past 37 years since the GFC , it is important to understand where we are. Roger shares with you two frameworks which will help you achieve this: the first is how booms begin and turn into bubbles that burst; the second is to understand the maths of valuing assets. Read here.
by Roger Montgomery Posted in On the Internet.
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Australian housing is at an inflection point
Roger Montgomery
September 20, 2019
Despite recent data showing home prices have stopped falling and auction clearance rates are strong, I believe these positive signs are no match for the negative shocks that could soon hit the residential construction sector. The upside is that the any stock market volatility could serve up some tasty investment opportunities among residential building developers and their suppliers. Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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Why Peloton Interactive is just the latest hula-hoop
Roger Montgomery
September 12, 2019
We’re currently witnessing a bubble in profitless start-ups funded by private equity. The only questions that remain are what will pop it, and when will it pop? The upcoming IPO of indoor fitness company, Peloton Interactive, is a case in point. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Beware the fallout when the cheap money tap turns off
Roger Montgomery
September 4, 2019
Today, there’s a plethora of companies that would not exist but for the altruism of a tidal wave of high net worth investors running from low interest rates into the arms of private equity funds. Companies like Uber, Tesla and Lyft. But as night follows day, this too shall end. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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‘Insane levels’: Can a world where profitless companies are flying last?
Roger Montgomery
August 13, 2019
In this article for the Sydney Morning Herald Colin Kruger discusses the stock market’s tech bubble and draws on Roger’s view that prices and values are so divorced from each other. Read here.
by Roger Montgomery Posted in On the Internet.
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Private equity tower is flush amid risks galore
Roger Montgomery
June 12, 2019
In this article for the Australian Roger discusses how each day brings more news of another huge technology IPO, often by businesses that have never made a profit – and perhaps never will. But there are new signs that this latest tech bubble could be coming to an end. Read here.
by Roger Montgomery Posted in In the Press.
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Will a tech IPO bust drag the market down?
Roger Montgomery
June 6, 2019
Each day brings more news of another huge technology IPO, often by businesses that have never made a profit – and perhaps never will. But there are new signs that this latest tech bubble could be coming to an end. Continue…
by Roger Montgomery Posted in Companies, Market commentary.
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The conga line of loss making IPOs is a worry..
Roger Montgomery
June 4, 2019
There are plenty of charts doing the rounds showing the rising percentage of companies listing in the US, that are losing money. Uber is perhaps the best recent example, which we wrote about and suggested it might be a great short selling opportunity. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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ABC NIGHTLIFE: WHERE TO PUT YOUR INVESTMENT DOLLAR
Roger Montgomery
May 9, 2019
In this radio program with Philip Clark, Roger discusses the current state of the Australian economy. Interest rates were left on hold by the RBA, and we could soon see a big drop in construction activity – which will cause higher unemployment rates and less discretionary spending. Looking globally, there are signs of a bubble in tech stocks, and the phenomenon of companies like Uber which have sucked up billions of dollars of investment money without turning a profit. Listen here.
by Roger Montgomery Posted in Radio.
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Will Uber’s IPO lead to uber losses for investors?
Roger Montgomery
April 30, 2019
Uber’s upcoming IPO promises to be monumental. The big question for would-be buyers is: will this loss-making juggernaut be a good investment? Or, like its rival, Lyft, will its shares plummet after the float? Continue…
by Roger Montgomery Posted in Companies.
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Are we reading bond market signals the wrong way?
Roger Montgomery
April 10, 2019
There’s been a lot of talk of inverted yield curves in the US and whether they portend a recession or a stock market crash. But, I wonder whether we need to watch the yield curve as much as exuberance in stocks themselves? Continue…
by Roger Montgomery Posted in Global markets, Market commentary.
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It’s Tech Boom 3.0
Roger Montgomery
April 2, 2019
Referencing two infamous investing quotes, I watch the enthusiasm in technology stocks wondering, “is this time different”? Or should we continue to “be greedy when others are fearful and fearful when others are greedy?” Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Shades of dotcom bust in tech boom
Roger Montgomery
April 2, 2019
In this article for the Australian Roger discusses tech stocks and how 83 per cent of IPOs were unprofitable last year. Roger takes a closer look at potential IPO’s this year and questions whether we are in another bubble. Read here.
by Roger Montgomery Posted in In the Press.
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