ROGER MONTGOMERY « Re-inventing the way you invest
Always bet on self-interest. November 5, 2024. Famed 20 th -century British author Gilbert Chesterton (1874-1936) once observed, “The poor have sometimes objected to being governed badly. The rich have always objected to being governed at all.”. Continue…. by Roger Montgomery Posted in Economics. 4 Comments.
ROGER MONTGOMERY « Re-inventing the way you invest
October 11, 2024. Over 11,000 Australian companies entered administration in the 2023/ 24 financial year. The bad news continued with a further 3,300 insolvencies in the September 2024 quarter. This is around four times the quarterly average since the business insolvency data was collated (from 1999). However, when we consider the total number ...
ROGER MONTGOMERY « Re-inventing the way you invest
In January this year, a veritable conga-line of economists and strategists were publishing their forecasts for the year ahead, as they do every year. Now, safely at the other end of the 2023 calendar, we have the luxury of testing the prescience of these clairvoyants. Here at Montgomery, we play the ball rather than play… Continue reading →
ROGER MONTGOMERY « Re-inventing the way you invest
October 18, 2024. In yesterday’s interview with Ausbiz, we discussed the rising importance of private credit as a key asset class, with projections indicating it could double by 2028 to nearly $2.8 trillion. I explained that traditional 60/40 portfolios are becoming less effective due to the increased correlation between bonds and equities.
The Trump effect on small cap stocks « ROGER MONTGOMERY
1 day ago · Tax cuts and jobs act of 2017: Trump last reduced the corporate tax rate from 35 per cent to 21 per cent. Small cap companies generally paid higher effective tax rates compared to larger, multinational corporations. The reduction in taxes disproportionately benefited smaller companies, improving their profitability.
Sectors poised for growth under Trump’s administration
2 days ago · What follows is an executive summary of sectors that could potentially do well under a Trump administration: Energy: Oil and gas: Trump’s administration previously rolled back regulations on fossil fuels and withdrew from the Paris Agreement. A renewed focus on domestic energy production could benefit U.S. oil and gas companies.
Stocks We Like - ROGER MONTGOMERY
Oct 23, 2024 · Nick Scali (ASX:NCK) released a trading update along with first half earnings guidance. Most analysts conclude that the update was a downgrade to the first-half consensus net profit after tax (NPAT); longer-term investors will look beyond the short-term effects of higher freight charges. continue… by Roger Montgomery Posted in Companies, Editor's Pick, Small Caps, Stocks We Like.
Arguing for equities in 2024 « ROGER MONTGOMERY
Arguing for equities in 2024. Last year, investors who held a non-consensus bullish stance on equities saw their optimism rewarded as the market trended up through 2023. As we pivot into 2024, the outlook might appear to be more complex, but in reality, the preconditions remain the same: disinflation accompanied by positive economic growth.
The Montgomery Fund – year in review
The Montgomery Fund (The Fund) closed an impressive 2021, outperforming the S&P/ASX 300 Accumulation Index by 7.61 per cent, after fees. Over the year The Fund also paid a solid distribution at 30 June and a smaller one at 31 December, which collectively represented approximately 4.2 per cent of the calendar year’s return, also on… Continue reading →
Small Caps - ROGER MONTGOMERY
Oct 23, 2024 · August 9, 2024. In this week’s video insight, I discuss the Montgomery Small Companies Fund (the Fund), managed by Gary Rollo and Dominic Rose. The Fund achieved a remarkable return of 21.4 per cent in fiscal 2024, outperforming its index by 12 per cent on an after-expense basis. Over the nearly five-year period from September 2019 to June ...