Just two ASX-listed stocks can cover a lot of overseas territory
Shares are my bag. I love researching them, finding under-priced opportunities and combining them thoughtfully into a portfolio. But there’s an international shares shaped hole in the portfolios I run.
In more than 30 years of investing, I’ve never bought a share listed on an overseas exchange. It’s just been a bridge too far in terms of complexity and administration.
It’s true that some stocks in my family portfolios have direct or indirect exposure to international markets (holdings such as Computershare, BHP Billiton, Virtus, Enero and Platinum Asset Management) but it’s only a by-product of my research and ad-hoc opportunities. When it comes to international shares, I’m happy to outsource.
When assessing prospective investment funds or companies, many investors zone in on past performance, even though we’ve all read the disclaimers about past performance being no guarantee of future returns. My approach is different.
I start with the individuals and teams involved. I want fund managers who I respect, with a philosophy and approach that resonates with me, who have a fair fee structure and a track record of showing independence of thought. I also like them to have some skin in the game, being money invested in their own company or fund, as the case may be.
In this article I’ll highlight two listed investment companies that fit the bill for me.
MFF Capital Investments
Denne historien er fra December 2018/January 2019-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2018/January 2019-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
