The prices of most Australian discretionary retail stocks have fallen in sympathy with their overseas counterparts. The question is: are those declines undeserved? If they are, then high quality Australian retailers trading on low multiples could represent a bargain for long-term investors. Continue…

by Roger Montgomery Posted in Consumer discretionary.

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Since January, world markets have been selling off. As a result, a number of quality small cap businesses are now trading at very attractive multiples. Is now a good time to invest in quality small caps? Continue…

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

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In a recent podcast, famed U.S. investor Howard Marks noted that “there are no facts about the future, just opinions.” But that truism hasn’t stopped three of his fellow billionaires – Bill Ackman, Stanley Druckenmiller and Ray Dalio – airing their views on the prospects for the global economy and investment returns. Continue…

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

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When markets head south, it’s a time for investors to rejoice and not despair. Because falling markets give you the chance to invest in quality businesses – often at knock-down prices. So, my advice right now is to make the market correction your ally, remembering that the lower the price you pay, the higher your long-term return is likely to be. Continue…

by Roger Montgomery Posted in Market commentary.

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In this video, Brett Craig explains the likely impact of rising interest rates, inflation and the possibility of a recession on small to medium enterprise businesses. He also reveals how these factors influence potential opportunities in the credit market. Brett then discusses why the Aura Core Income Fund has a preference for SMEs that have strong balance sheets, strong cash flows and a strong management team who are looking for funding for growth and profit initiatives. Continue…

by Roger Montgomery Posted in Aura Group, Investing Education, Video Insights.

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The correlation between money supply and equity market returns has never been clearer.  Right now, central banks are intent on fighting inflation by hiking interest rates and shrinking their balance sheets – which has led to the current market sell-off. But when central banks change tack, we should see markets rally once more. Continue…

by Roger Montgomery Posted in Global markets.

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With Sean, Alan and Dan, from Australian Eagle, having now planted their feet firmly under the desks here at the Montgomery offices in Castlereagh Street, I thought it was time I share some more of the reasoning behind our partnership. Continue…

by Roger Montgomery Posted in Editor's Pick, Montgomery News and Updates.

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Roger joined Philip Clark on ABC Nightlife to discuss whether interest rates will succeed in staving off a recession and how much of an impact we can expect on house prices. Today, CPI inflation has risen to 6.1 per cent and underlying inflation is 4.9 per cent. These are the highest rates in many years. There is a real economic challenge coming for the newly minted federal government.

Are continual interest rate rises the right approach to curbing a national recession?
Listen to the podcast here: ABC Nightlife 13 September 2022

by Roger Montgomery Posted in Radio.

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