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When it comes to income, you need a recipe for success. Sure, term deposits are cooking up around 5% yields right now, but for income-hungry investors, 5% may just not cut it. That's where equity income comes in. The yield on the market itself has been around 4-5% over the last 20 years - and a diversified portfolio of stocks with rising and sustai…
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Over the 12 months to the end of December, housing costs rose 6.1%, alcohol and tobacco prices lifted 6.6%, medical costs bumped up 5.1%, and insurance and financial services prices soared 8.1%. We also spent more on food and non-alcoholic beverages, more on transport, and more on education.* All this is to say that it costs a lot more to be alive …
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Global markets soared to new heights in 2023, with the MSCI World Index (AUD) lifting 23.2%. Lucky for income-hungry investors, this saw dividends grow with it, with payouts up 8.9% in Aussie dollar terms, according to Plato Investment Management. While the majority of investors around the globe enjoyed increased dividend payouts in 2023 (compared …
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Given the underperformance of small and mid-caps since 2021, and the fact that central banks have tipped the end of the rate-hiking cycle, many money managers are spruiking the coming wave of capital that could enter the smaller end of the market in 2024. While small caps tend to outperform post-recession - and we haven't seen one of those - the Sm…
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Last year, we asked two fund managers what they would do if they could start completely from scratch. It seemed to hit a nerve with our readers, with the episode turning out to be the most popular of the year. It's likely because we all, at some point in our investment journeys, have cursed the day we bought a particular stock (or let's face it, st…
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Welcome back to Buy Hold Sell for 2024! And what a start to the year it's been... This week, the S&P/ASX 200 hit a new all-time high, buoyed by investors' expectations for rate cuts over the year ahead. This is all thanks to inflation starting to ease, and recessionary fears finally starting to fall. But in a world of goldilocks thinking en masse, …
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If only there was a way to identify game-changing opportunities before they are announced to the market. Sometimes, major strategic moves and company catalysts are telegraphed to the market. The Tabcorp demerger last year, for example, was the subject of multiple investor activism campaigns, over multiple years, before finally coming to fruition. B…
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As part of Livewire's Outlook Series for 2024, James Marlay and Ally Selby challenged 12 of Australia’s most successful investors to each name one company that brings that “sleep at night” assurance so many of us are seeking right now. In many cases, their responses yielded well-known stalwarts of the investment world, including names in listed pro…
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No great investor ever got to where they are now by going with consensus. If you believed the analyst consensus of 2022, 2023 was going to be another challenging year for asset allocation as economies and markets were forced to come to terms with inflation and interest rates remaining higher for longer. Many analysts continued to have a deep US-led…
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There have been many opportunities to buy some of the market's favourite stocks at cheaper prices in recent years. Many fortunes were made buying these discounted darlings at the bottom of the COVID-19 crash, and then again during the latter months of 2022 and throughout 2023 as markets looked out to the end of the Reserve Bank of Australia's inter…
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Sometimes it’s the things ticking over in the background that can cause the greatest chaos in markets. Take an unidentified virus circulating in a lesser-known city in China back in late 2019. Or the rise in populism that resulted in Brexit back in 2017. Just a few years earlier, the debt problems in Greece threatened the ongoing existence of the E…
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They say you should never run from a bear. And, strangely, nothing typifies this like investors' response to the macroeconomic hazards, rising geopolitical tensions, and the myriad of other risks that continue to face the market. Worried that your portfolio will continue to falter as the Magnificent Seven soar even higher? Fear not, my friend. The …
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How are Australia's brightest investment minds investing as we kick off the new year? Livewire has assembled an exclusive roll card of 12 of the country's finest global and local equities investors for their highest conviction stock picks for the year ahead. This includes Alphinity's Mary Manning, whose top stock last year delivered a whopping retu…
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As we round out another year of Buy Hold Sell, we're taking the chains off. Normally, we try to keep things civil by putting a handful of stocks to our guests and asking for their analysis. Whilst guests don't always agree, at least they don't have to analyse each other's highest conviction picks. In essence, the stocks are like Switzerland - neutr…
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If there is one lesson markets can bestow on their followers, it's humility. Not even the world's most respected economists get every macro call right, nor do the world's market animals consistently pick only winning stocks. Getting things wrong, making mistakes, and replaying these (often) haunting moments in our heads is intrinsically human. But …
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We all know 2023 has been a challenging year for investors. And that’s not necessarily because overall returns have been low, but rather because of the extremes we have seen. There have been significant bouts of volatility, although volatility overall is near all-time lows. This is particularly true for the US, where markets have rallied but only s…
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Currently, there is a 22% short interest in fallen lithium darling Pilbara Minerals (ASX: PLS). This is up from around 3.7% a year ago - meaning that today, 22% of the shares in this hard rock lithium miner are shorted. I know what you are thinking... Oh, anonymous writer! Why should I care? After all, Pilbara's share price has sunk around 30% over…
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The silly season is finally here! So, we thought we'd take a look at some stocks investors could add to their Christmas stockings and hold throughout 2024. After all, nothing spreads joy quite like a few winning stocks. Take Kelsian, Nexgen Energy and CSR, for example, which have seen their share prices rise 20%, 50% and 27% respectively since the …
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Last week, the Australian Bureau of Statistics gave the RBA (and investors) an early Christmas present. It was revealed that the monthly consumer price index (CPI) indicator rose 4.9% in the 12 months to October 2023, down from 5.6% in September. This came in below economists' estimates, who had projected a 5.2% rise over the period. Hallelujah! It…
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He’s always watching. He knows who has been naughty and who has been nice. He makes his watchlists. He doesn’t need to check them twice. No, I’m not talking about Santa – he’s far too forgiving. I’m talking about Mr Market. With the end of the year fast approaching (my goodness, it’s already December) it’s time to look back at those stocks that hav…
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While there are many measures of valuation, a price-to-earnings ratio (or P/E ratio) is probably the most well-known. It's a real bang for your buck ratio, comparing a company's share price to its earnings per share - basically, helping you to assess its value compared to similar companies or a benchmark. A low P/E ratio usually indicates a company…
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There are many famous fathers. Hippocrates is the father of modern medicine, James Brown is the father of Soul, and Darth Vader is the father of Luke Skywalker. But there is only one father of value investing, and that's none other than Benjamin Graham. Graham, along with the oft-overlooked David Dodd, wrote the classic book on investing: The Intel…
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Momentum investors hitch their wagons to companies with good investor sentiment, often impressive earnings, improving prospects - and most importantly, a rising share price. It's a tried and tested strategy, made famous by American fund manager Richard Driehaus, whose firm, Driehaus Capital Management, reportedly delivered returns of 30% per annum …
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We all love a bargain. That's why Black Friday, Cyber Monday and Boxing Day sales take the world by storm, or why we justify buying two items for the price of one at the grocery store when we weren't planning on purchasing that item in the first place. Searching for stocks near or at 52-week lows is similarly a bargain hunter's paradise. These stoc…
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Like Elvis, 'momentum' and 'growth' have left the building. It's possible they won't be seen for a while, either. The void is set to be filled by 'quality' and 'value' - two factors which were second and third string for the decade money was free. How times have changed. There is nothing to be feared, however. The great thing about a market selloff…
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Investing on the ASX has been pretty volatile since the beginning of the year. Some stocks have soared to new highs, while others have plummeted to reach new lows. All in all, the market really hasn't gone anywhere - which doesn't bode well for the future, considering that we have had 400 bps of interest rate rises over the past 18 months - and it'…
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It's not easy to break the internet, figuratively speaking, of course. There was the "Ice Bucket Challenge" of 2014, which took the world by storm and raised around US$220 million for ALS. Then, of course, there was Kim Kardashian's risque photoshoot with Paper Magazine, and more recently, Will Smith slapping Chris Rock at the Academy Awards, Taylo…
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To become a successful investor, you must be humble and willing to learn from your mistakes. As Micheal Jordan famously said: "I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed…
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There are some companies that seem to have been around forever, delivering year in and year out. Just like a trusty car that has done 500K clicks but still runs like new, a favourite pair of blue jeans that can't be thrown away, or a reliable childhood friend, these stocks have been woven into the fabric of Australian investing - and most investors…
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At the recent Livewire Live event, Mary Manning from Alphinity outlined the bull case for Ferrari and summed it up nicely by saying that regardless of the economic conditions, people are going to want to buy Ferraris - such is the power of the Ferrari brand. There are some businesses that, due to a combination of the segment that they operate in, t…
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At last count, there are more than 55,000 publicly-listed companies across the globe. That is a wealth of opportunity in anyone's language and it begs the question, how on earth does anyone decide what and where to invest in? This is where the value of a fund manager really comes into play. Not only do fund managers each have an investment style th…
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When the investing landscape turns to custard, invariably one term gets bandied around - "quality". Quality is the investment style that is designed to see you through all the peaks and troughs of the economic cycle. Quality targets companies with consistent track records, strong management, dependable earnings, and healthy balance sheets. The styl…
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Millions of dollars of shares are sold and bought each month by company directors. Often, investors watch these transactions as a signal that leadership teams know something we don't. So should you buy or sell if leadership teams are too? Firstly, there are a variety of reasons (or maybe excuses) why a director may sell stock in their company. Take…
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Reporting season is now done and dusted. Of the fund managers this anonymous writer has spoken to, most seem to have had a surprisingly positive month. For others, particularly the holders of the month's portfolio bombs, it probably wasn't so soothing. So in this episode, Centennial Asset Management's Matthew Kidman was joined by Auscap Asset Manag…
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It's been a volatile month for markets. Despite the S&P/ASX 300 only sinking around 2.3% in August, the dispersion of returns within some of the market's favourite, and now, its most disappointing stocks has never been so clear. According to FNArena, the worst-performing stock during the month was Mesoblast (ASX: MSB), followed soon after by Abacus…
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With interest rates (currently) on pause, investors are once again looking for growth opportunities that can bolster their wallets and compound their cash faster than if they were to leave it in the bank. One way investors can gauge the probability of picking a winning stock is the growth rate in earnings per share (or EPS). For those not in the kn…
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In the midst of reporting season, it's often easy to forget about the long-term potential of some of the market's great compounders. Last week, we saw stocks like Megaport (ASX: MP1) and Altium (ASX: ALU) soar 20% in one day on the back of their results, while stocks that disappointed, like Ramsay Health Care (ASX: RHC) and Iluka Resources (ASX: IL…
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In this high-risk, high-inflation, high interest rate world, profitability has never been so important. Companies know this too, meaning they may go to incredible lengths to present the most positive picture possible of financial health or risk being beaten down by short sellers otherwise. One measure of financial health is return on equity, or ROE…
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Some of the biggest stocks on the ASX started out as minnows. Take BHP Group (ASX: BHP) and CSL (ASX: CSL) for example, today two of the biggest stocks in the country. Once upon a time, these stocks were known as Broken Hill Proprietary Company and Commonwealth Serum Laboratories and very few people knew of them. It took years - decades even - of t…
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While there are winds in the sails of the healthcare industry, such as an ageing and wealthy population willing to pay for healthcare services, building a great healthcare business takes a long time. Drugs and devices require huge amounts of R&D, often with astronomical price tags attached, and the regulatory process is arduous – as it should be wh…
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What do we all want? To live long, healthy, and prosperous lives. Increasingly we’re able to fulfill the first two elements of that triumvirate given the advances in modern medicine and healthcare services. What’s more, is that we have an ageing population in many parts of the world that not only have the desire for longer and healthier lives, but …
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It’s an age-old debate - technical or fundamental analysis to source stock ideas. Or put another way, do you prefer charts or balance sheets? The chartists out there will tell you that everything is captured in the price, so that and volume are all you need to pay attention to. On the other side of the debate, those who employ them will tell you th…
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There is no perfect recipe for generating profits. Value, growth, quality, momentum, long, short, large-cap, mid-cap, small-cap, conservative, moderate, aggressive - the list of investment styles goes on. And the factors fund managers use to identify stocks that meet their investment style can be equally elaborate. So in this episode of Buy Hold Se…
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For nearly 30 years, Martin Roth has published the book ‘Top Stocks’, highlighting 100 ASX companies that are considered to be financially sound. In conducting the analysis, the share price of a stock is ignored and the focus is on companies with strong balance sheets, profitability, low debt levels, and sustainable dividends. More specifically, a …
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The most anticipated recession in history still hasn't turned up. All those calls about a US-led recession starting in 2023 have been pushed back. In some cases, those calls are being pushed as far back as the second half of 2024. Others, like Goldman Sachs, have just cut the odds of a US recession occurring altogether - it's now down to a 20% chan…
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There are plenty of famous pairs in life. John Lennon and Paul McCartney, Tom and Jerry, Mario and Luigi just to name a few. When it comes to investing and specifically investing in stocks, large cap stocks are generally paired with the term "quality". That's because these companies tend to have sturdier balance sheets, larger and more reliable cus…
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It's been a remarkably volatile time in financial markets over the last 18 months in particular. Investors have been riding a wave that started with fresh highs for the index before the ASX 200 fell 13% in six months. Along the way, there have been astounding and outstanding share price moves. This volatility, the ongoing fear of a global recession…
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Much has been made of the pending mortgage cliff, and fair enough. The RBA cash rate has gone from the pandemic low of 0.1% to 4.10% in a little over a year, and the central bank estimates half of all fixed rate loans that enjoyed that 4% buffer will expire this year. Whilst that sounds ominous, there are some things to remember. Only about one-thi…
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In a high-inflation environment, energy stocks typically perform well due to the ongoing need for energy. It’s no surprise, therefore, that the energy sector began a strong rally in 2021 when inflation took off. That rally extended into early 2022, when the Ukraine war was added to the equation and energy security concerns, and prices, kicked even …
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It's safe to say that mega-cap tech companies have carried global markets this year, with the NASDAQ 100 returning almost 40% this year. And most of that performance can be attributed to seven behemoths. This exuberance around tech has fed across into the Australian market. Year to date, the S&P/ASX All Technology Index has returned over 21%. Will …
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