In this section we explore investing basics, common themes and information to help guide your investing journey. 

The information provided is general information only. The information does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided in this document and consider seeking advice from a financial adviser if necessary.

June 1, 2021

What return can you expect on Freightways shares?

By Tim Kelley

Recently, we wrote about the return a long-term investor might expect to earn buying Australian listed equities at today’s prices. The note, which can be found here, concluded that returns in the region of 7. 5-8 per cent might be a reasonable estimate – somewhat lower than the returns earned in the past.
May 24, 2021

Why we sold out of Redbubble

By Joseph Kim

Most articles we read are about hot stock tips to buy. Occasionally there are articles about “shorting” opportunities, albeit most are directed to sophisticated investors given the risks around shorting (i. e. a potential loss that exceeds your initial investment). Very few articles talk about when to sell.
May 18, 2021

What return can you expect from Australian equities?

By Tim Kelley

Equities, while volatile, have historically provided attractive returns to long-term investors. The ASX All Ordinaries Index, for example, has delivered a compound total return (capital growth plus dividends) in the region of 12 per cent p. a. since 1900.
April 30, 2021

How to estimate intrinsic value

By Roger Montgomery

  In this educational video Roger shares the steps for estimating intrinsic value using the formula from his book Value. able. Back in February 2011 when he applied the formula to Woolworths Roger arrived at an intrinsic value of $23. 36.
April 20, 2021

10 experts reveal their top investing tip for beginners

By Andreas Lundberg

Maria Bekiaris published an article for Canstar which identifies top tips from 10 experts for anyone investing in shares or ETFs for the first time. Andreas discusses diversification and why a beginner investor should spread their holdings to some extent but also keep in mind that excess diversification does not reduce portfolio risk.

April 6, 2021

What is happening in growth vs value investing?

By Tim Kelley

In the past we have commented several times on the relative performance of value vs growth investing, including this article from the middle of last year, which highlighted the miserable experience of traditional “value” investors in recent years, and the potential for a more positive experience going forward.
February 15, 2021

SMSF cost analysis

By Scott Phillips

The success of the Australian superannuation system, envied by most governments around the world has now grown to encompass close on $3 trillion of assets. This is broadly split between three different types of fund – Public Sector/Industry/ Corporates, Retail and Self Managed Super Funds (SMSF).
January 29, 2021

How are fees charged in a managed fund?

By Dean Curnow

A new year has been celebrated at the Montgomery office, and with the New Year we thought we would revisit one of the most frequently asked questions from prospective investors: how are fees charged in your managed funds? Whilst obvious to some, the raft of investment strategies out there and the addition of exchange traded funds (ETFs) have made the question...
January 19, 2021

Five ways to build investment portfolios amid growing inequality

By Andrew Macken

Most investors are aware that COVID-19 is accelerating economic forces such as indebtedness, low interest rates and asset price inflation. But there is perhaps less awareness of another powerful trend that COVID is also accelerating: the ‘Gilded Age’-style economic inequality that has been emerging in recent decades.
October 2, 2020

Investment and speculation

By George Hadjia

For centuries there have been speculators hoping to find the path of least resistance to wealth and riches. Stock markets as an asset class have proven potential to create immense wealth, but are an open arena for both the speculator and investor.


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