Why we do not seek to deliver roller-coaster-like returns
In very early March we sent our Montgomery [Private] Fund investors the February Investment Report. It is a particularly useful insight for all investors, and with the passage of time it can now be shared with you.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
JAMES
:
Re: Kogan -v- Amazon … Australian’s love an underdog. With all the negative press Amazon is receiving at the moment, which includes comments from President Trump, Australian’s may purchase from Kogan out of spite and disdain for large national & multinational corporations. Alternatively, I agree that Kogan is very much overvalued at the moment. On a final note: What happens when Amazon moves into China and Alibaba moves in the the USA? It likely to become what Warren Buffett describes as a “Two newspaper town” whereby neither newspaper makes money until such time as one newspaper becomes the sole or dominant newspaper in town. In the longer term, the same may occur with the Amazon -v- Alibaba. The two internet giants are already competing against each other in India … so India may be the market to watch to see where Amazon and Alibaba end up in the longer term .
Cheers.
James