ROGER MONTGOMERY
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Blog posts on companies, consumer discretionary, energy / resources, emerging markets, financial services, foreign currency, global markets, healthcare, it / telecommunications, manufacturing, market commentary, property and stocks. Montgomery Investment Management is owned by its staff and was founded in 2010 by Chief Investment Officer Roger Montgomery, following a successful career as an..
ROGER MONTGOMERY
9h ago
Yesterday, I joined the How Do They Afford That? podcast with Canna Campbell and Michael Thompson to discuss how different generations should approach investing. We covered key considerations for younger investors, including the importance of getting started early and understanding risk, as well as strategies for those closer to retirement who need to balance growth ..read more
ROGER MONTGOMERY
1d ago
With inflation gradually cooling and the Federal Reserve Bank (Fed) in the U.S. expected to cut interest rates in the coming months, the headwinds that have stifled small-cap stocks in recent years may soon dissipate. The shift could signal a perfect time to consider hitherto-overlooked small-cap stocks while also presenting an opportunity for diversification and ..read more
ROGER MONTGOMERY
2d ago
Working in derivatives trading back in the early nineties, one of the aphorisms that became a gospel-given truth was, ‘volatility is heightened at turning points’. It has been my experience that volatility clusters around turning points, but perhaps I only remember that because I want to. If big moves also occur in the middle of ..read more
ROGER MONTGOMERY
3d ago
In this week’s video insight, I discuss the compelling features of the Aura Private Credit Income Fund. The fund has outperformed the stock market with zero volatility, providing a 9.64% compounded annual return over seven years, with no negative months, including during the COVID pandemic. The fund lends to small and medium-sized businesses in Australia ..read more
ROGER MONTGOMERY
6d ago
This week, I had the pleasure of joining Gemma Dale on the nabtrade podcast, ‘Your Wealth’. We discussed how billionaire investor, Warren Buffett has recently made headlines with a huge selldown in Apple stock. As his cash pile grows, some are wondering whether it’s time to trim exposure to equities; we delve into if Buffett ..read more
ROGER MONTGOMERY
6d ago
In this week’s video insight, I discuss Australia’s sluggish economic growth, marked by six consecutive quarters of gross domestic product (GDP) decline per capita – the worst result since the early 1980s, outside of the COVID-19 pandemic. I explore how rising interest rates and increased government spending have fueled inflation and exacerbated the ongoing cost-of-living ..read more
ROGER MONTGOMERY
1w ago
We have written frequently about the powerful and transformational potential of generative artificial intelligence (AI), as well as the risks for investors who mistakenly believe that returns to shareholders will equate to the benefits garnered by consumers and the world generally. As we have noted over more than a decade, history is replete with transformational ..read more
ROGER MONTGOMERY
1w ago
The mood at this year’s Jackson Hole Economic Symposium, the annual gathering of the world’s top central bankers, hosted by the Federal Reserve Bank of Kansas City, was noticeably more relaxed. The message resonating through the picturesque landscape? The worst appears to be behind us. A shift towards stability After a tumultuous period that saw ..read more
ROGER MONTGOMERY
1w ago
BHP (ASX:BHP) reported FY24 results that were generally in line with estimates. As one of the most poured-over companies on the Australian Securities Exchange (ASX), the lack of any great surprise is, in itself, no great surprise. Revenue grew three per cent to US$55.7 billion, while underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA ..read more
ROGER MONTGOMERY
1w ago
Amid a hectic reporting week, we offer the following quick takes, highlighting the results of key, high-quality companies. Cochlear (ASX:COH) It was Cochlear’s guidance that caught some investors by surprise, particularly those that had set high expectations after 18 months of robust growth. FY25 guidance for net profit after taxes (NPAT) growth of 6-11 per ..read more