For those movie buffs, you might recall the line from Matt Damon’s character in the movie Good Will Hunting after he secures the phone number of a young lady in a bar;
“Do you like apples? Well, I got her number. How do you like them apples?”
This line springs to mind when we take a look at the recent performance of several listed global companies (some of which you own in your portfolios), returns have been eye watering!
This is simply another reason to ensure that underlying valuations of the investments and/or fund managers we recommend to you are always questioned, prices are challenged, based on the available information.
This line springs to mind when we take a look at the recent performance of several listed global companies (some of which you own in your portfolios), returns have been eye watering!
This is simply another reason to ensure that underlying valuations of the investments and/or fund managers we recommend to you are always questioned, prices are challenged, based on the available information.
Here are a few to ponder:
How do you like them apples?
The Australian equity market (ASX 200), although starting the quarter in good spirits and continuing to rally, driven by lower-than-expected inflation data and positive sentiment, witnessed an acceleration in market volatility due to various economic and political factors. This did not deter investors as the index made history on 17 July by surpassing the 8,000 mark and closing at an all-time high of 8,057. Off the back of positive momentum supported by optimism of interest rate cuts by the US Federal Reserve as early as September the benchmark delivered a strong quarterly return of +7.8%.
A new generation of just over 5 million Australians – born between 1965 and 1980 – are approaching their retirement years.
The Australian equity market (ASX 200), ended the quarter in the red (-1.1%). Higher than expected year-on-year core inflation readings flowing through from the March quarter attributed to the weak performance whilst market anxiety also increased at the thought of a possible rate hike - a long way away from the cuts that had been priced in earlier in the year and in late 2023.