Tony answers some questions from listener Jamie in Perth about balance between property and shares. He also talks about a couple of investing books he’s been reading, and in our Club edition we analyse BSL – Bluescope Steel.
There are plenty of intelligent and informed people, much smarter than I, who are predicting a significant slow down in the global economy during 2020, which could lead to a crash in the Australian share market. While I don’t pretend to be an economist, nor do I care to try to predict the future, I acknowledge that the people who are predicting a crash might be correct. If I’ve learned anything over the years, it’s that the market goes in cycles and that the job of the serious investor isn’t to predict them, but to know how to play through them.
Season Two of our investing podcast!! We look at our portfolio’s month end report and how it compared to the All Ords Total Return index and answer questions from Club Member Mike L about the accuracy of future predictions. Then we talk about commodities trend lines as a source of comfort when investing in coal, and our analysis this week is GRR.
Our guest this week is listener Andre Bravo, a Canadian who has a Masters in Applied Computational Economics and works in the weed industry. Oh NOW I have your attention! Andre joined us this week to talk about the app he has written to speed up his own QAV analysis, and then we get his help to analyse our first US stock – Hertz (HTZ.N). It’s an interesting one because we couldn’t use our usual tools and had to resort to pulling up numbers manually. The basic lesson is that the checklist can be used to analyse US stocks. Andre also asks a few really great questions about how Tony uses the checklist and gave a refresher course how on to simulate Stock Doctor’s financial strength rating using other sources of data. Thanks for all of your support this year! We hope you learned a lot and are feeling more confident in your ability to analyse stocks. We’ll be back next week with Season Two of our investing podcast!