How many of your Chips are Blue?

By Roger Montgomery. If you are new to the stock market, I believe it is possible that you have been lulled into a false sense of security. I say this because I regularly hear well-meaning advice that goes something like this; “just buy a portfolio of blue chips and hold for the long term” But what is a blue chip? Here are some of the definitions I have found around the place: “a common stock of a nationally-known company whose value and dividends are reliable; typically... Read More

Which bank?

By Roger Montgomery Everyone from the media, to politicians and litigation funders have been busy bashing our banks over the head. Led by a possibly tipped-off/advised Joe Hockey, this particular attack seems to have legs. Have you been distracted by the noise? Not me, I have been busy looking at the latest set of financial results from ANZ, NAB and WBC and comparing them to my CBA benchmark. I have spent many hours and analysed many industries and their KPI’s and for the banks... Read More