In today’s investment webinar, MB Fund’s Head of Investments Damien Klassen, Head of Operations Shelley George, and Senior Financial Advisor Mark Monteiro shed light on how Trump broke the Shiller P/E ratio, and how we’d suggest fixing it For many value investors, the Shiller Price/Earnings ratio is the holy grail. There are a number of
I had a fascinating space investment conversation (podcast) yesterday with Dr Andrew Barton, an engineer specialising in space technologies with a long career in both Australia and internationally. For me, what is incredible is the pace of cost reductions being seen in the sector. Elon Musk’s SpaceX has brought the cost of launching equipment into
In today’s investment webinar, MB Fund’s, Head of Investments Damien Klassen, and Senior Financial Advisor Mark Monteiro are joined by space investment professional Dr. Andrew Barton to discuss opportunities in the industry and if your portfolio needs space On the agenda: Background on recent breakthroughs and cost changes Current investment avenues: defence contractors, SpaceX/Blue Origin,
Last week I dealt with the less controversial changes to the Shiller P/E. You probably want to read that first. In this post, I derive a more advanced version: CAPE 3.0. The main finding? If you measure it differently, the last 20 years go from being an expensive aberration to a typical investment period. Factors
In today’s investment webinar, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Senior Financial Advisor Mark Monteiro discuss the Chinese Economy’s Hard Landing On the agenda today: Background Three scenarios: hard landing in old economy; hard landing in wider economy; bailout. Investment implications View the presentation slides Click here to
For many value investors, the Shiller Price/Earnings ratio is the holy grail. There are a number of problems with the ratio which are making it look way more expensive than it is. If we fix just some of the least contentious issues, the Shiller P/E looks almost 25% cheaper. That (still) doesn’t make the market
The MB Fund are delighted to have received the 2021 IMAP Managed Account Award in the Innovation category! Innovation is a core part of the MB Fund. We know a lot of companies say that, and it’s almost a prerequisite of doing business these days, but it’s a value we’ve ingrained in the fabric of Nucleus
In today’s investment webinar, MB Fund’s Chief Economist Leith van Onselen, Head of Investments Damien Klassen, and Senior Financial Advisor Mark Monteiro set the scene for the rocky economic path out of lockdowns On the agenda: The consensus view is that Australia’s economic rebound will be swift once lockdowns ease. But there is good reason
July was another strong month for the stock market. Our tactical portfolios performed well, up between 1.7% and 2.6% over the month. And August has been more of the same. We have been selling Australian stocks into the rallies, believing there will be a slow down in the next few months led by China. International
We are proud to announce that The MB Fund has been named a finalist for the third year straight in the upcoming 2021 IMAP Managed Account Awards in the Innovation category. We want to bring trust and innovation back to finance. We believe technology has evolved to the point where retail clients can access the
In today’s investment webinar, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Financial Advisor Mark Monteiro discuss if wages will grow in 2021 – 2022 On the agenda today: A decade of stagnation World wages rebounding But structural changes are muddying the water Australia has different issues Investment implications View
In today’s investment webinar, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Financial Advisor Mark Monteiro discuss what’s seemingly been the shortest commodity supercycle ever On the agenda: No more talk of a commodity supercycle Macro perspective China Micro Investment Implications View the presentation slides Can’t make it to
Most of the global reporting season is over before the Australian reporting season has begun. It has been a cracking reporting season; upgrades are running as high as they ever have for US large-cap stocks: As many of you know, I’m tracking two potential scenarios: Stock markets grind higher on the back of improving earnings
In today’s investment webinar Nucleus Wealth’s Head of Investments Damien Klassen, Senior Analyst Radek Zeleny and Financial Advisor Mark Monteiro explore reporting season, and if the profit boom can last On the agenda: Top down US Earnings Regional Earnings Sector earnings Inflation Individual stocks Investment outlook View the presentation slides Can’t make it to
In today’s investment webinar MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, Head of Advice Tim Fuller and Financial Advisor Mark Monteiro sit down to discuss why you should beware the growth scare! On the agenda: This is a risk scenario, not a base case China US Offsets Assets View the
June was another strong month for the stock market. Our tactical portfolios performed well, up between 0.9% and 2.1% over the month. On the one hand, we timed the rotation out of value stocks and into quality stocks well; the inflation fears that were so prevalent a few weeks ago have faded as our inventory supercycle thesis
In today’s investment webinar (LIVE 12:30pm AEST), MB Fund’s Chief Economist Leith van Onselen, Head of Investments Damien Klassen, and Head of Advice Tim Fuller are joined by CBA’s Head of Australian Economics, Gareth Aird to discuss Australia’s Remarkable Jobs Recovery. Topics covered: Australia’s unemployment rate fell to decade low in June. Tightest job market
In today’s investment webinar, Nucleus Wealth’s Head of Investments Damien Klassen, and Head of Advice Tim Fuller use the latest June property reports to investigate if you’re currently better off renting or buying Australian housing Use the Australian property calculator Topics covered: Housing market valuation Latest Stats Macro outlook Rent or Buy? Investment Implications View
In today’s investment webinar, Nucleus Wealth’s Chief Economist Leith Van Onselen, Head of Investments Damien Klassen, and Head of Advice Tim Fuller disucss the quarterly MB Australian property report. As we round out what has been an incomparable financial year in so many ways, our focus today is fixed on Australia’s favourite asset class –
In today’s investment webinar Nucleus Wealth’s Head of Investments Damien Klassen, and Head of Advice Tim Fuller turn their attention to the finer arts of value and growth investment styles. Today’s episode will focus on the two major styles of investment, how they’ve fared recently. and how they influence our portfolio’s On the agenda: Quant
In today’s investment webinar, MB Fund’s Head of Investments Damien Klassen, and Head of Advice Tim Fuller take the opportunity to talk through the FAANG (Facebook, Amazon, Apple, Netflix, Google) stocks, as well as a broader look at quality and growth stocks On the agenda: Looking at the FAANG tech behemoths: Facebook, Google, Apple, Microsoft,
In today’s investment webinar MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller cover the continuing saga unfurling with China, our biggest trading partner. As the behemoth in demand of global commodities, it makes a lot of sense to consider China’s real influence in both global
The market is oscillating between value and growth months. In May it was the turn of value portfolios (including ours) to outperform. Our direct equity portfolios beat benchmarks by over 1% on the month and our tactical asset portfolios finished up between 1% and 2.7%. We have, however, called time on the value trade. The
In today’s investment podcast MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller cover the final in our series of three podcasts on the contrarian view for inflation. This time we look at what to do from an investment perspective. On the agenda: Now vs History
This is the final in our series of four posts on the contrarian view for inflation. This time we look at what to do from an investment perspective. The inflation head-fake In part one, we looked at inflation today not being the same as inflation in the 1970s. We looked in particular at issues that caused
This is the third in a series of four posts on the contrarian view for inflation, this time dealing with the inventory supercycle. Part one: This dealt with inflation today not being the same as inflation in the 1970s. Part two: the China inflation problem: Commodity inflation is far more leveraged to Chinese stimulus than
In today’s investment webinar, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller are set to provide the lay of the land on our contrarian view of inflation. The inventory rebuild/supply chain “pig in the python”. The price signals of today are creating the excess capacity
This is the second in a series of four posts I’m publishing on the contrarian view for inflation. Part one: Inflation today is not the same as inflation in the 1970s. Part two: commodity inflation is far more leveraged to Chinese stimulus than developed market stimulus. And the signs are ominous. Part three: the inventory
Runaway inflation is the theme du jour. “Protect your portfolio from hyperinflation” scream headlines from investment newsletters. I have an alternative scenario for you. Current inflation is supply-chain and commodity bubble-based, temporary, and the recent price signals will actually create the opposite effect. It is a detailed argument. So, I’m going to present the alternative
In today’s investment webinar (LIVE 12:30pm AEST), Nucleus Wealth’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller are set to provide the lay of the land on our contrarian view of inflation. Topics on the agenda: Inflation today is not the same as inflation in the 1970s.
