investor education


Are Livewire subscribers biased?

Livewire Exclusive

A lot has been written about investors’ behavioural biases. But are the types of experienced investors who visit Livewire really biased? If so, what specific investment decisions are impacted? And by how much? And, given that we’re all human, are Livewire subscribers convinced that asset managers can overcome their own... Show More

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The ultimate guide to data feeds and stock tips

Patrick Poke

One of the biggest problems facing retail investors is accessing quality information. Sure, you can look through the last five annual reports and manually extract the data, but this is tedious and time consuming. Free services like Yahoo Finance offer some help, but the data quality is often low, and... Show More

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A better way to size up income funds

Alwyn Hung

Selecting investments solely on return falls squarely into the “buyer beware” bucket. However, when comparing the plethora of fund investment opportunities in the market, the majority of us tend to focus solely on historic investment performance to rank each of the available investment opportunities. Show More

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Paradice: You need to think differently

Livewire Exclusive

It’s 4am on a dark and rainy morning back in 2000. A lone, frustrated figure is running around Chatswood Golf Course. It’s a young David Paradice. He has just left the security of a large established firm believing he can achieve superior returns by investing in small caps. But things... Show More

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L1's checklist for protecting capital

Livewire Exclusive

Mark Landau, Joint Managing Director and Chief Investment Officer at L1 Capital, is familiar with protecting against the downside. His Long Short Fund has outperformed the ASX200 in every market sell off since it launched in September 2014. Show More

Smart money and dumb money

Marcus Padley

I have never liked the expression “Smart money.” It is demeaning to individual investors and used by commentators to imply they are smart and the rest of you aren’t. But a lot of supposedly smart professionals do some very dumb things, and a lot of non-professional investors, often our clients,... Show More

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Surviving and profiting from the market rout

Nathan Bell

If you’re a know-something investor, then you’ve likely been expecting or hoping for a correction with increased volatility for a while. Corrections are normal, what’s been abnormal is the 59% increase in the S&P500 from the low of 1,810 in February 2016 without a 5% correction. Clearly this blissful period... Show More

5 (and a half) educational articles you loved last year

Patrick Poke

Reading the latest stock tips and macro calls is fun and useful for generating new ideas, but educational articles offer real long-term value. As the proverb goes: “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a... Show More

ASIC’s golden rules of investing

Patrick Poke

It’s ‘World Investor Week’ this week, and ASIC have put out some practical tips that are worth keeping in mind, even for experienced investors. “Smart investors don't rely on good luck; they plan, research and understand their investments and how they fit with their financial goals”, was the message from... Show More

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What I've learnt from 30 years of investing

Livewire Exclusive

Martin Conlon is Head of Australian Equities at Schroders and oversees the investment of over $10billion in assets. Conlon’s formative years were during the tougher economic times of the late ‘80s and early ‘90s. In this exclusive interview, we learn how 30 years of experience shapes how he invests today. Show More

6 core ingredients for the perfect investment

Pengana Capital

When it comes to investing in today’s market, a strong underlying foundation is vital to forming the core of success. Steven Glass, from the Pengana International Equities Fund provides his 6-point checklist that separates the good from the bad, allowing him to invest with confidence in an overly noisy environment. Show More

The attributes of a global leader

Livewire Exclusive

New global leaders don’t come up very often, so identifying them relatively early can have a huge effect on a portfolio. The iPhone came out ten years ago, and investors that bought Apple in 2007 are now sitting on a ~1000% return before dividends. So, how do you get one... Show More

Beyond the Jargon: Averaging down

Patrick Poke

A stock in your portfolio has fallen 30% since you bought it; is the market telling you something, or is it just better value than before? This is one of the most important questions an investor faces on a regular basis. Averaging down is when an investor buys more stock... Show More

How to become a 'Superforecaster'

Chad Slater

In January, we were reviewing the Fund numbers for the 2016-year-end and there looked to be an error: the percentage return for the year was higher than the dollar change in the Funds Under Management and didn’t reconcile. After scratching our heads, we realised what the issue was, and it... Show More

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What makes a great company?

Livewire Exclusive

Alex Duffy, Portfolio Manager of the Fidelity Global Emerging Markets Fund, sees some common characteristics among the management teams of great companies. Show More

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A quick checklist for safer investments

Morphic Asset Management

Risk Management is a key part of our framework at Morphic Asset Management. In today’s post, Morphic’s head of Macro and Risk, Geoff Wood, discusses five essential steps in their risk management process. Show More

Weighted Average Cost of Capital

Patrick Poke

In prior editions, I’ve explained some common, straight-forward terms. Today, we take a dive into a more complex idea: Weighted Average Cost of Capital (WACC). While it may sound slightly esoteric, it’s potentially one of the most important concepts both in investing and corporate finance. Investment decisions are made on... Show More

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Howard Marks on achieving superior returns

Patrick Poke

The legendary Howard Marks, founder of the US$100b Oaktree Capital, was recently interviewed by Barry Ritholtz on his Masters In Business podcast. The 75-minute long interview is wide-ranging, but as usual, his comments around investment strategy stood out. Show More

Beyond the Jargon: It’s all about Earnings

Patrick Poke

Net profit after tax (NPAT), adjusted earnings, normalised earnings, pro-forma earnings, earnings per share… With so many different phrases and versions, it’s no wonder some investors struggle to stay on top of it all. In this third edition of Beyond the Jargon, I’ll explain what these differing terms mean, what... Show More

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Beyond the Jargon: PE and PEG

Patrick Poke

After introducing EBIT last week, in in part two of Beyond the Jargon, I’ll be explaining PE and PEG ratios – likely the most quoted terms in finance. However, despite its wide use, the PE ratio remains a divisive topic. Some deride the PE ratio and its variants as ‘useless... Show More

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