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Retirement planning is a puzzle that leaves many scratching their heads, wondering, “How much is enough?” Ask Google that question, and out spews a hundred different opinions, many written to avoid offence. Even the experts don’t always agree. From ambitious pre-retirement targets to debates about how our spending patterns change as we age, there are as many plans for retirement as people providing them. Continue…

by Roger Montgomery Posted in Aura Group, Investing Education.

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Every few years – usually after gold has enjoyed a significant rally (the narrative always comes after the fact) – headlines pop up with increasingly bold predictions: “Gold is going to US$20,000 an ounce!”

To anyone outside the financial world, and with gold trading at about US$3,285 an ounce as of 16 April 2025, that sounds like hitting the jackpot – especially if you’re already holding some gold.

But before you imagine retiring early, there’s some useful concepts to understand with respect to the drivers of gold’s price. Continue…

by Roger Montgomery Posted in Market commentary.

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Electric vehicles (EVs) have been hailed as the future of transportation – promising a cleaner and greener alternative to traditional internal combustion engine (ICE) vehicles. Governments worldwide have pushed EV adoption through subsidies, tax credits, and ambitious targets, while car manufacturers have invested billions to electrify their fleets. However, announcements from major automakers, as well as recent data and surveys in the U.S., Australia, and Europe, suggest EVs may not be the wisest purchase for consumers today. Continue…

by Roger Montgomery Posted in Manufacturing.

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Heidi Cuthbert’s article, “Why no one really wants to fix the housing crisis,” (21 March 2025), offers a sobering look at Australia’s escalating housing affordability crisis. Cuthbert highlights the rather staggering statistic that median mortgage repayments now consume just over 50 per cent of household income, and in doing so, underscores the severity of the issue. Continue…

by Roger Montgomery Posted in Property.

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The largest position in The Montgomery Fund’s portfolio, at almost eight per cent of the portfolio, is the Commonwealth Bank of Australia (ASX:CBA), purchased back when the price was below $78 per share. This week, the company released its December half-year profit results, revealing a business reinforcing and extending its competitive advantages in a fiercely competitive market.  Continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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Wesfarmers (ASX:WES) delivered a solid set of half-year results for financial year 2025, exceeding market estimates at the earnings-before-tax (EBT) level and marginally at the top line. Strong performances by Kmart and WesCEF (chemicals, energy and fertilisers) drove the positive surprise, while Bunnings met expectations. Continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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It’s been a record run for stocks. The past two years delivered historic returns for global and U.S. stocks. Indeed, the 24- months ending 31 December 2024 ranks as one of the top 10 two-year periods since the middle of last century. Continue…

by Roger Montgomery Posted in Companies, Global markets, Market commentary.

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In 2023 and 2024, I wrote several blog posts positing that Tesla may be just another car company. A couple of example articles can be found here and here.

The share price of Tesla on the date of those two blog posts was about US$274.00 and US$171.00, respectively. The price of Tesla shares, thanks in no small part to Trump’s election as U.S. President and Elon Musk’s pre-election support, subsequently rallied to over US$400.00 per share, and after a more recent 50 per cent decline, the price as of 7 April 2025 is US$239.43. Continue…

by Roger Montgomery Posted in Manufacturing.

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TUAS (ASX:TUA) (pronounced ‘Too-as’) is a company we have written about on the blog several times. Back in April 2024 on a ‘Spark you F.I.R.E’ podcast with Jazz Sidana, I noted that it was difficult to establish a confident valuation on this company (which at the time held a share price of $3.84) given the lack of sufficient information available. Continue…

by Roger Montgomery Posted in Companies.

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Overnight, U.S. President Trump backflipped on punitive global tariffs, bringing them down to a universal 10 per cent except for China, against which tariffs were raised from 104 per cent to 125 per cent. 

Equity markets breathed a sigh of relief but is the coast clear? Continue…

by Roger Montgomery Posted in Global markets.

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