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16 May 2024

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Podcast: Peter Thornhill on building income for life

Season 2, Episode 3

In this week's episode, author and speaker, Peter Thornhill, is our special guest, and he'll discuss his secrets to beating the market, including owning high quality industrials and LICs, and holding them forever. Firstlinks' Graham Hand addresses the question of why ETFs receive blanket media coverage when they're small fry compared with managed funds, and Morningstar's Peter Warnes, will give his latest outlook for our economy and market.

The podcast is also available via our dedicated website page, Google Podcasts, Apple Podcasts, Spotify, and BuzzSprout.

Please share with friends and colleagues, and a favourable rating would help spread the word. We welcome questions and suggestions at firstlinks@morningstar.com.

Grab a cuppa and settle in for our chat.

James Gruber
Editorial, Firstlinks and Morningstar

 

7 Comments
Malcolm Duce
July 16, 2023

Thank you Peter. Fortunately I "got it" from an early presentation from you near Brisbane (Manly Yacht Club) in 1997, and became one of your 10% true believers. Now that I am well into my retirement, like you I am now only topping up my few long established LICs and reducing my "remaining" blue chips from my pre retirement years. I now look forward to your proposed Seminar in Brisbane sometime soon - for "old times sake".

Bruce Hawkins
July 16, 2023

Bruce
Good to hear from Peter Thornhill again, I am one of his "10% true believers"........bought his book, the strategy is simple and makes sense, dollar cost averaging if that works for you, buy long term LICs when they are trading cheaper than their NTA, or when the market falls (think Covid), watch the dividends grow, and rarely sell. It works!!

Kevin
July 15, 2023

Got myself confused there,Soul/Patts is SOL: ASX

Phil Pogson
July 14, 2023

Love listening to Peter Thornhill. Thanks for including him.

Escape Melb Winter
July 14, 2023

Great Podcast from Thornhill. So pleased to have heard and been influenced by him some 30 years ago......just a shame more Global LICs are not available.

Peter Thornhill
July 15, 2023

Have a look at JHG; a lovely quarterly dividend stream

Kevin
July 15, 2023

Checking the City of London annual report read the first 10 -12 pages.A brief company history and then the compounding since 1966.Then the breakdown of the 40 companies that make up 78% of the fund. An Australian version would probably be Saul / Patts ( WHSP). The problem is telling people that compounding works over a long period of time,not 3 years. CBA,WES and MQG have produced astonishing results for me,exactly the same thing. Good management and the ability to continue to have good management over decades works .

 

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