Livewire Markets 팟 캐스트

There's something to be said of reliable compounders. While they may not double overnight as a growth darling can, these stocks definitely make it easier to sleep at night. Why? Well, reliable long-term compounders can continue to provide solid returns over the years to come without the volatility or downside risk that comes with more speculative s…

Following the GFC, the world embarked upon a monetary policy experiment the likes of which had never been seen before. Having read the history books and being aware of the economic and financial malaise that lingered for decades post the Great Depression, and like a bout of long-COVID, central bankers were desperate to ensure it didn’t happen again…

Since the beginning of the year, the total level of shorting on the ASX has risen 16.2%. According to Shortman.com, there is now $25.5 billion being borrowed today to bet against the country's 100 biggest shorts. Short sellers borrow shares in a company at the current market price in the hope they can buy back those shares (close a position) once t…

If there is one thing Livewire readers love just as much as lithium stocks, long-term compounders, and lithium stocks that are long-term compounders, it's dividend darlings. After all, Plato Investment Management has found that if investors had put $100,000 in the ASX in 1980, they would now be earning around $85,000 a year in income. In comparison…

According to S&P Dow Jones Indices research, the S&P/ASX 300 has a trailing 12-month dividend yield of 4.5%. This far surpasses the dividend yield of our developed market peers, with the UK boasting a 3.7% yield and the US just 1.7%. Last year, total dividends paid out to investors totalled a record $113 billion. S&P Dow Jones analysts found that o…

Since September last year, Australian investors have piled into defensive dividend-paying darlings in a bid to protect their capital. Think Aristocrat Leisure (ASX: ALL), which has seen its share price soar 23% year to date. Or ResMed (ASX: RMD), which has generated a return of 16% in just four months. Or Transurban (ASX: TCL) - which despite its r…

The music industry can be savage. The majority of artists work their entire lives to make hardly any money at all. And then there are those who produce a truly great song - only to become a one-hit-wonder. Come to think of it, Australia's resources and materials sector isn't so different. So in this episode, Tribeca Investment Partners' Todd Warren…

There have been very few market themes in recent years (perhaps apart from buy-now-pay-later) that have whipped the market into a frenzy quite like battery metals. The promise of widespread electric vehicle adoption and the demand it would create saw the share prices of producers and explorers alike surge. In 2022 it was the rising tide that lifted…

According to McKinsey, copper demand will increase to 36.6 million metric tonnes per annum by 2031. For context, production from all the copper mines around the globe was just 22 million metric tons in 2022. Meanwhile, Goldman Sachs believes that copper prices will soar from US$8500/t to US$11,000/t this year. So how are fund managers investing in …

Typically less researched than their large-cap counterparts, small-cap companies can easily rise to 'market darling' status. We all know the stocks. They’re the ones that the bulls get hold of, causing them to rally to dizzying heights. They’re often the ones discussed in stock chat rooms where warnings about ramping are largely ignored. Very often…

It hasn't been easy being a small-cap investor over the past 12-18 months. Since December 2021, the ASX Small Ordinaries has nosedived around 18%, while the S&P/ASX 200 (which tracks the country's listed large-cap companies) has posted modest gains over the same time period. So, where to from here? Well, having rebounded from a fresh low in March, …

Australia's GDP growth has been on a steady decline for a while now. While the economy was still growing at a rate of 0.5% in the fourth quarter of 2022, that pace has slowed markedly from the 3.7% print seen in 2021. The December quarter of 2022 was the fifth consecutive period of economic growth, but it was also the smallest uplift of that period…

There are some of us that thirst for the adrenaline hit that comes with taking risks, whether it be cliff jumping, skydiving, or making questionable bets on the stock market. This may work for the daredevils among us, but for others, there could be nothing worse than putting their lives (and money) at risk. So where do you sit on the scale from ris…

With more than 280 exchange-traded products listed on the ASX, Livewire is on a mission to learn whether investors, like you, can build the perfect portfolio with listed products alone. A few quick stats for you: Over the past 12 months (to the end of February), the market cap of the Australian ETF market swelled 7.1% to $136.2 billion. The majorit…

There's something to be said about the wisdom of the crowd. Take your local coffee shop, for example. Sure, there are other options without a lengthy queue, but I am willing to make a bet that the crowded cafe is bursting with patrons for a reason. But could the same be said of markets? In this episode, Livewire's Ally Selby was joined by Pitcher P…

If there was one theme that stood out to this anonymous writer this February reporting season, it was that companies that missed earnings expectations were hammered by investors. Think Downer (ASX: DOW), which has seen its share price sink more than 16% after it missed consensus forecasts by -12% (and downgraded guidance by -18%, after already down…

As anyone who has worked under a manager knows, leaders can make or break a business. A good leader will bring out the best in their team, hone their skills, and inspire them to achieve more than they thought was possible themselves. Bad leaders, well, do exactly the opposite. Recently, one of our readers requested that we produce a refresher on th…

We are done and dusted with another reporting season, and what a month it was. Stocks were heavily sold off on earnings misses, soared on earnings beats, and ended up pretty much where they started once the dust settled. Throughout this earnings season, two themes stood out. Wages growth reigned supreme as a widespread headwind for many companies -…

There's a well-known maxim that all budding journalists are taught on their first day in a newsroom - bad news sells. Sure, it's nice to read about markets going up and the magic of compounding, or the wonderful contributions people are making in our communities, but really, planes crashing, corrupt companies, cyber hacks, and unfortunate public bl…

Lately, it seems like hopes of a central bank pivot have been quashed. The RBA recently made a surprise about-face to a more hawkish policy position, while the Federal Reserve continues to hint at rates staying higher for longer. As you'd expect, investors have been following central bank statements like gospel. But markets are forward-looking and …

According to Christian teachings, the Holy Trinity refers to the idea that God is one being but can be seen in three different lights. And although this anonymous writer is an atheist, there is another Holy Trinity I believe investors should get behind - the intersection of Quality, Value, and Growth. Instead of following just one factor (for examp…

Despite our good intentions, our behavioural biases can often get in the way of making good investment decisions. As Benjamin Graham wrote, "The investor's chief problem - and even his worst enemy - is likely to be himself." So how do you lessen the likelihood of a behavioural blunder? Just like everything in investing - there is no easy answer. Bu…

It takes a certain chutzpah to stick to your strategy in wildly volatile markets. And for these two managers, it certainly paid off. Merlon's Concentrated Australian Share Fund delivered a return of more than 22.30% over the past year, while its Australian Share Income Fund lifted just over 18.08%. Similarly, alternatives manager Totus Capital had …

Last year, metals, mining and energy stocks performed spectacularly well. Scan a list of the best performers from 2022, and it's really only coal, lithium, and oil and gas exposures that took out the top spots. Think names like Whitehaven Coal, New Hope, Core Lithium, Woodside Energy Group, Coronado Global Resources, Stanmore Resources, and Yancoal…

Your top-tipped large caps from 2022 performed suspiciously well. Either readers like you have access to a working crystal ball, or you know far more than the professionals would let on. Aided by the stellar performance of Mineral Resources and Woodside, your favourite large caps delivered a total return of 14.35%, far more than the -5.5% drop of t…

There's something to be said about starting from scratch. How many of us have dived headfirst into university degrees, careers and relationships before realising, sometimes later than we would have liked, that perhaps it wasn't the right fit? The same could be said of our investment portfolios. It's far better to review your holdings, have an hones…

We're back, baby! For the first episode of Buy Hold Sell for 2023, we're taking a look at Livewire readers' favourite small-caps stocks for the year ahead... And what a list it is. Think a rare earth miner which boasts Australia's richest billionaire as a major investor, a tech darling that has taken a painful dive from its highs, and a stock next …

Fund managers get judged by their investors, prospective investors and peers. That last category is possibly the most informed of the lot. Fundies know what it's like to put in the work managing money. They pour over financial data, they visit companies on-site, and they make the hard-line calls. So there may be no higher praise than to be called "…

The most successful investors seek out roads less travelled and avoid well-worn paths. To help you steer clear of some of the most popular trades, those whose best days are likely behind them, we’ve gathered half a dozen successful fund managers. In this podcast, they delve into a handful of investment themes – including one sector that’s riding th…

The only certainty in financial markets is uncertainty. That said, it pays to think critically about what the future might hold and to strategise accordingly. In that vein, we have once again asked our fund managers to look into their crystal ball and share a dangerous or bold prediction for the year ahead. Four of the fundies have some interesting…

2022 was a year of macro. Runaway inflation and the rate hikes central banks responded with dominated headlines, and everything else seemed to feed from that. These problems remain with us still, but they've been largely priced into markets. So how do you parse the noise from the themes that matter? As part of our 2023 Outlook Series, we asked 15 f…

After a 15-year slumber, macro returned with a vengeance in 2022. Unsurprisingly, the past year may have investors feeling a little wary about how central banks will fare in their race to bring inflation back to target. And inflation is only one part of the story. As part of our Outlook Series for 2023, we asked nine fund managers who keep a close …

Market crashes. Hard landing recession talk. Interest rate rises. And to top it all off, we even missed out on a Santa Rally in December and started the year in the red across all sectors. The scene is set for a fairly nasty year by any account. So you would be forgiven for expecting 2023 to be the year for the bears. Instead, six of Melbourne's fi…

Well, folks, we made it through 2022. And what a year it was. Inflation soared for the first time in decades, interest rates lifted at frightening velocity, and bonds posted their worst year in history. Now, more than ever, expert analysis and ideas are paramount. So, as part of our Outlook Series for 2023, Livewire reached out to 15 of the country…

Getting things wrong is intrinsically human. From messing up the lyrics to a famous song, telling your significant other to take a left ("No, the other left!"), or investing in a company that ultimately goes sideways, these mistakes can often haunt us, hurt us, or help us improve as humans. But admitting when we got it wrong, well, that's a particu…

It's beginning to look a lot like Christmas. Glittering trees adorn every office, the local bars and restaurants are palpable with cheer, and workers are prepping for a well-earned break after what has been a very unusual few years. But can we expect a Santa Rally into the new year? Well, according to the Wall Street Journal, the S&P 500 has risen …

If you've been noticing a little less cash in your wallet recently, it's very likely that inflation is to blame. For the 12 months until the end of September, the prices of fruit and vegetables rose more than 16%, while dairy products increased by around 12%. Fuel prices, which thankfully have dropped from their peak, are still up 18% for the year.…

Since hitting a low in September, the S&P/ASX 200 has rebounded a whopping 12.3%. And while markets are typically forward-looking, there are still plenty of headwinds that could see our bourse head south. So how can you protect your portfolio? Well, that's where defensives come in. Defensive stocks typically belong to sectors where there is consist…

If there is one thing we can take away from what has been a very tumultuous 2022, it is that it's been a year of very few winners and many losers. Perhaps that's why so many investors are now turning to "expensive defensives", giving up valuation in the hope that these crowded trades will help bolster their portfolios against any future falls that …

A recent Bank of America survey found that professional investors are holding their highest levels of cash in 21 years, with the research house's Michael Hartnett declaring the latest survey of 371 global investors "screams macro capitulation, investor capitulation, [and the] start of policy capitulation." Despite the negative connotation of the ab…

Total short selling on the ASX has been on the rise since the start of the new financial year, with short interest lifting 53% since then. That's according to ShortMan, which tracks the 100 most-shorted stocks on the ASX. As it stands today, there are 14 stocks with a short interest greater than 8%. This means that 8% or more of the shares on a com…

Everyone loves a bargain. It's why Boxing Day sales are such a riot, or why my car salesman father tries to haggle nearly everything he buys. But as in life, sometimes a deal (or yield in this case) is too good to be true. Dividend traps occur when investors (like you, my dear reader), are lured in by a high dividend yield before realising the unde…

Markets this year have been scary. For the first time in decades, the ghosts and ghouls of the investment world have resurrected to haunt global markets - inflation, rising rates, and a war led by a ruthless dictator. As a result, indices around the world have been painted in a blood red, with investors (and rightly so) catching a case of the portf…

On Wednesday, the Australian Bureau of Statistics announced that inflation had surged 1.8% higher in the third quarter, taking the headline inflation rate for the past 12 months to an eye-watering 7.3%. For some context, this is the highest quarterly print since June 1990. So what does this mean for income investors? Particularly those who rely so …

Here at Livewire, we are fortunate enough to speak with the country's top investors every day. And if there is one recommendation these pros have consistently repeated in what has become a tumultuous year of rising interest rates, it's the importance of investing in stocks with tangible and growing profits. Unlike their long-duration counterparts, …

Remember in early 2021 when investment experts were talking about a "Goldilocks" scenario for markets - that is, when global economies were going from strength to strength, earnings seemed to be going through the roof, and stocks pushed investors' portfolios to lust-worthy heights? Well now, Goldilocks has well and truly been discovered by the thre…

According to those who act with the utmost decorum, there are three subjects that should never be breached at the dining table: religion, politics, and stocks. Why? Well, the first two have been widely covered. As for the last subject on that list, by the time your dinner guest, co-worker, and neighbour are talking about a stock, most of the good n…

After a stellar decade for the dazzling technology sector, these long-duration stocks have fallen back down to earth, taking many an investor's portfolio down with them (this anonymous writer's portfolio included!). The local tech index is well and truly in a bear market, having sunken nearly 30% since the beginning of the year. The NASDAQ 100 has …

While healthcare was clearly the lifeblood of the Aussie market over the last decade, the last two years have seen many of these long-term compounders barely register a pulse. Sure, pathology players like Sonic Healthcare (ASX: SHL) and Healius (ASX: HLS) benefited from the COVID-19 crisis, but many other favourites slumped with elective surgeries …

We're back, baby. And this time, we're trying something a little different. With multiple headwinds lashing markets at the moment, the team here at Buy Hold Sell thought it would be worthwhile taking a look at some of the sectors that are storming ahead (and those that are, let's face it, being battered). In this episode, it's all things energy. Th…