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3 July 2024
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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 GruberEditorial, Firstlinks and Morningstar
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 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!!
Got myself confused there,Soul/Patts is SOL: ASX
Love listening to Peter Thornhill. Thanks for including him.
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.
Have a look at JHG; a lovely quarterly dividend stream
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 .
Two commonly asked questions are: 'How much do I need to retire' and 'How much can I afford to spend in retirement'? This is a guide to help you come up with your own numbers to suit your goals and needs.
There seems to be more confusion than clarity about the mechanics of how the new $3 million super tax is supposed to work. Here is an attempt to answer some of the questions from my previous work on the issue.
Washington H. Soul Pattinson is an ASX top 50 stock with one of the best investment track records this country has seen. Yet, most Australians haven’t heard of it, and the company seems to prefer it that way.
We are often quoted life expectancy at birth but what matters most is how long we should live as we grow older. It is surprising how short this can be for people born last century, so make the most of it.
A new report suggests Australian housing is twice as expensive as that of the US and UK on a price-to-income basis. It also reveals that it’s cheaper to live in New York than most of our capital cities.
Here are 10 rules for staying happy and sharp as we age, including socialise a lot, never retire, learn a demanding skill, practice gratitude, play video games (specific ones), and be sure to reminisce.
The best way to lose money in markets is to chase the latest stock fad. Conversely, the best way to build wealth is by pursuing a timeless investment strategy that won’t be swayed by short-term market gyrations.
Australian consumers have held up remarkably well amid rising interest rates and inflation. Yet, there are increasing signs that this is turning, and the weakness in consumer spending may last years, not months.
The nine lessons include there is always a cycle, the crowd gets it wrong at extremes, what you pay for an investment matters a lot, markets don’t learn, and you need to know yourself to be a good investor.
It's that time of year when investors sell underperforming stocks at a loss to offset capital gains from profitable investments. This tax-loss selling is creating opportunities in three quality ASX stocks.
Across the globe, leaders are concerned about the fallout from declining birth rates and shrinking populations. Australia, though attractive to migrants, mirrors global birth rate declines, and faces its own challenges.
Australians are paying almost two billion dollars in credit and debit card fees each year and the RBA wil now probe the whole payment system. What changes are needed to ensure the system is fair and transparent?
Many Australians neglect key retirement planning tools. Investment bonds are increasingly valuable as they facilitate intergenerational wealth transfer and offer strategic tax advantages, thereby enhancing financial security.