QBE Insurance Group (ASX:QBE), a top 10 company in the portfolios of The Montgomery Fund and The Montgomery [Private] Fund, has delivered an impressive 2025 first-half result, significantly outperforming analyst expectations across key metrics.

Bolstered by strong investment income, favourable underlying prior-year claims development (PYD), and below-budget catastrophe (CAT) claims, QBE’s results underline its operational strength and strategic progress. Despite challenges such as moderating premium rate increases and elevated large losses in North America, the company’s reaffirmed financial year 2025 (FY25) guidance and robust capital position signal further upside potential. Continue…

by Roger Montgomery Posted in Companies, Insurance, Stocks We Like.

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• POSTED IN Companies, Insurance, Stocks We Like.

Investors have faced wave after wave of uncertainty – from fluctuating interest rates, persistent inflation and more recently, volatility driven by U.S. President Trump, Xi Jinping and Vladimir Putin.

While we can’t control these events, we can control where we invest.

That’s why we’ve launched a national campaign, developed with creative agency Mahlab, to spread awareness of the benefits of astutely managed private credit. Continue…

by Roger Montgomery Posted in Aura Group, Feature Article, Montgomery News and Updates, Popular.

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• POSTED IN Aura Group, Feature Article, Montgomery News and Updates, Popular.

In this week’s video insight, I explore the rally driving equity markets, led by technology stocks and the artificial intelligence (AI) boom – which are being fueled by a flood of central bank liquidity.

While company earnings have been strong and inflation is cooling, signs of excessive speculation are starting to emerge – from meme stock rallies to a surge in short-dated options and unprofitable companies tripling in value. With global risks rising and U.S. debt levels climbing, perhaps now could be a sensible time to reassess your portfolio and consider reallocating some gains into assets that have less public market risk. Continue…

by Roger Montgomery Posted in Video Insights.

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Financial markets are riding a wave of bullish enthusiasm, with stocks, cryptocurrencies, and other speculative assets soaring to new heights. Fueled by optimism around cooling inflation, robust corporate earnings, and the transformative potential of artificial intelligence (AI), the rally has pushed valuations to levels some are saying is reminiscent of the 1999/2000 dot-com era. Continue…

by Roger Montgomery Posted in Market commentary.

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• POSTED IN Market commentary.

This morning i joined Juliette Saly on Ausbiz to discuss how investors should focus on central bank actions rather than rhetoric – given liquidity continues to be a key driver behind today’s market momentum. Over the past year, global liquidity has surged by around US$10 trillion, helping to fuel the dramatic rise in equities, defence stocks, and artificial intelligence (AI). Continue…

by Roger Montgomery Posted in TV Appearances.

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REA Group, the company behind realestate.com.au, has, perhaps unsurprisingly for those who have followed our commentary here at the blog, delivered another impressive financial performance, this time for the 2025 fiscal year (FY25). Record dividends and robust growth have been recorded despite the ongoing market challenges with respect to residential property listings. Continue…

by Roger Montgomery Posted in Companies, Property.

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• POSTED IN Companies, Property.

Private credit is on the rise, capturing headlines and investor attention alike – but what’s driving the surge? In this conversation, I take us back to basics, cutting through the hype and fear to explain how private credit works, why it’s grown so rapidly, and what investors need to know to navigate the space wisely. From returns and risk to liquidity and diversification, this session dives into the real mechanics of this evolving asset class. Continue…

by Roger Montgomery Posted in Aura Group, Popular, TV Appearances.

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• POSTED IN Aura Group, Popular, TV Appearances.

In this episode of Over the Money Fence, I join Nicola and Di to explore the Three Bucket Strategy – a simple yet powerful way to take control of your finances with structure and confidence. Life can get busy and complicated, especially when juggling adult children and aging parents, life events like divorce, or inheritances can also complicate your finances. This strategy helps you stay grounded by dividing your money into three clear categories: cash for now, income for soon, and growth for later. Continue…

by Roger Montgomery Posted in Podcast Channel.

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• POSTED IN Podcast Channel.