Australian Investors Podcast

In this episode of The Australian Investors Podcast analyst Owen Rask and Wattle Partners financial adviser Drew Meredith, CFP discuss how to analyse a fund manager. Using Drew's experience as a financial adviser and Owen's experience interviewing fund managers and time spent being a fund analyst, the duo breaks down what it takes to analyse a fund manager before investing.SHOW NOTES: https://www.raskmedia.com.au/2022/02/02/how-to-analyse-any-fund-manager/When you subscribe to the podcast on Apple Podcasts, Spotify, YouTube or Castbox you’ll get weekly insights on ASX & global shares, funds, ETFs and more. Let Owen be your field guide to investing profitably for decades to come.~~~ Show notes ~~~In this episode, Owen and Drew cover: Is active funds management worth it, why? How do you measure the effectiveness of a fund? Tracking error is good for passive funds. For example, if a fund or ETF tracks the ASX 200 (ASX: XJO) the tracking error would tell you ‘how well has the fund followed the ASX 200’. For an active fund manager, the active share metric measures ‘how different is the fund’s positions compared to the index’? Obviously, for active fund managers it’s important they are more active and less passive (i.e. less closely matching the index). Low downside capture, higher upside capture. ‘Capture’ refers to how the return of a fund matches the return of the market. For example, if a fund returned 10% when the market went up 20%, the upside capture would be 50% (or 0.5). If the market fell 20% but the fund returned 1% (positive), its downside capture would be very low. Meaning, it doesn’t ‘follow’ the market down — which is a good thing. Correlation. Correlation measures how two investments behave around each other. For example, if there is a correlation of +1.0 between an Australian shares fund and your portfolio, we would say it does not have any risk benefits for the portfolio (because they’re both positively and perfectly correlated — meaning they move in the same direction at the same time). Gold prices can have a low or negative correlation to shares/equities, meaning they can move in opposite directions — so it could help lower the impact of a stock market crash. Sector diversification. Basically, how well are you diversified and how well is the fund or ETF diversified? “Style drift” and understanding why your fund manager has changed their strategy or focus. Do they do what they say and has that changed? Are some parts of a portfolio better reserved for active funds management? This really depends on the underlying index, as that is essentially what you are getting. Fixed income, in this environment, should be active, but if interest rates were at 7 per cent, I — Drew — would be passive all the way. For US equities the S&P 500 is 30 per cent invested in just five companies, so a combination of active and passive is likely warranted, just to gain real diversification into more parts of the market. When you study fund managers, Drew, is it top-down or bottom-up? Usually, we are looking at fund managers for a purpose, so it’s ‘top down’ (e.g. ‘we need some Australian shares for this client’) We think about it in terms of factor exposure, meaning how is the portfolio exposed value, income, size, and momentum (the four quantitative factors). Then, which factors are likely to perform better during the current market and what are we missing? We then go through the due diligence, getting a universe of options, before considering. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Australian Investors Podcast analyst Owen Rask and Wattle Partners financial adviser Drew Meredith, CFP identify ASX investments to watch like a hawk, including Smartpay Holdings Ltd (ASX: SMP), Magellan Financial Group Ltd (ASX: MFG), VanEck MSCI International Quality ETF (ASX: QUAL) and ETF Securities Morningstar Global Technology ETF (ASX: TECH).SHOW NOTES: https://www.raskmedia.com.au/2022/01/29/smp-mfg-qual-tech/When you subscribe to the podcast on Apple Podcasts, Spotify, YouTube or Castbox you’ll get weekly insights on ASX & global shares, funds, ETFs and more. Let Owen be your field guide to investing profitably for decades to come.~~~ Show notes ~~~In this episode, Owen and Drew talk a good hard look at four investments on the ASX.In other, the duo cover:- VanEck QUAL ETF - Owen would put this as a Core or a Tactical holding- ETFS TECH ETF - Drew think this is a tactical holding- Smartpay Holdings Ltd (ASX: SMP) - Owen likes this a junior payments company growing rapidly- Magellan Financial Group (ASX: MFG) - Drew wonders if it is deep value... or value trap?Get in touch with Owen or Drew:Owen's Twitter: https://www.twitter.com/owenraskSend Drew an email via Wattle Partners: http://www.wattlepartners.com.au/contact-1Like it? Love it? Hate it? Tell me about it...If you like The Australian Investors Podcast, say g'day to Owen on Twitter. We'd like to get your suggestions for future episodes. Say “G’DAY” to Owen: Twitter or Instagram~~ A note for transparency: we receive nothing ~~Rask, the publisher of the podcast series, is a privately owned company. It's owned and run by Owen. But you should know that Drew is a shareholder in The Rask Group Pty Ltd, and Wattle Partners provides us with operational support (e.g. we share an office space). But to be clear: Rask does not receive anything from Drew or Wattle Partners appearing on the show, or if you decide to his/their services. Owen and Drew are just like-minded investors who want to help people invest better. You can find out more by reading Rask's Financial Services Guide -- or simply by asking Owen or Drew.Want more of Owen’s best investment ideas? Please, right this way...To get 6 months of Owen and the Rask analyst team's ASX research, join Rask Invest.Listeners who want access to high conviction ASX share research, plus ETF models can get $100 off a Rask Invest membership using the discount code "investpod". Join today and access exclusive insights.“The best part was the disclaimer” – said no-one everThis information warning is actually important (that’s why we write it in the same size font... unlike our competitors).This podcast contains general financial advice only, issued by The Rask Group Pty Ltd. This information does not take into account your needs, goals, or objectives. So please consult a licensed and trusted financial adviser before acting on the information. Investing is risky and can result in capital loss. Nothing in this podcast should be considered as a forecast or guarantee of future returns. Please read Rask Australia's Financial Services Guide (FSG) available on our website to learn more about us, what we offer and our podcasts.Date of recording: January 25th, 2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Australian Investors Podcast analyst Owen Rask and Wattle Partners financial adviser Drew Meredith, CFP walk you through what it takes to build an inflation-resistant portfolio.In this episode, Owen puts some hard questions to Drew about how he manages diversified portfolios for clients at Wattle Partners.The list of questions and talking points include: How are you dealing with inflation in client portfolios? How has your portfolio positioning changed between 2021 and 2022? Do you get worried by sell-offs, and how do you prepare for that? Instead of bonds, what are three things in your "defensive alternatives" bucket right now? With inflation rising, how can investors get protection? See below. Here are Drew's notes on his answer to question number-five: There is no perfect protection The threat is you put too much capital into one outcome and miss out on the alternatives Rules remain pretty simple Avoid junk, small, micro, non-profitable companies Stick with capital Remain diversified into multiple asset classes Have some hedges like Gold, silver Inflation-linked bonds Floating rate securities For shares: Buy cheaper, but quality companies Invest in companies exposed to key themes that are still occurring, regardless of inflation Get in touch with Owen or Drew: Owen's Twitter - say g'day! Send Drew an email via Wattle Partners Like it? Love it? Hate it? Tell me about it...If you like The Australian Investors Podcast, say g'day to Owen on Twitter. We'd like to get your suggestions for future episodes. Say “G’DAY” to Owen: Twitter or Instagram~~ A note for transparency: we receive nothing ~~Rask, the publisher of the podcast series, is a privately owned company. It's owned and run by Owen. But you should know that Drew is a shareholder in The Rask Group Pty Ltd, and Wattle Partners provides us with operational support (e.g. we share an office space). But to be clear: Rask does not receive anything from Drew or Wattle Partners appearing on the show, or if you decide to his/their services. Owen and Drew are just like-minded investors who want to help people invest better. You can find out more by reading Rask's Financial Services Guide -- or simply by asking Owen or Drew.Want more of Owen’s best investment ideas? Please, right this way...To get 6 months of Owen and the Rask analyst team's ASX research, join Rask Invest.Listeners who want access to high conviction ASX share research, plus ETF models can get $100 off a Rask Invest membership using the discount code "investpod". Join today and access exclusive insights.“The best part was the disclaimer” – said no-one everThis information warning is actually important (that’s why we write it in the same size font... unlike our competitors).This podcast contains general financial advice only, issued by The Rask Group Pty Ltd. This information does not take into account your needs, goals, or objectives. So please consult a licensed and trusted financial adviser before acting on the information. Investing in risky and can result in capital loss. Nothing in this podcast should be considered as a forecast or guarantee of future returns. Please read Rask Australia's Financial Services Guide (FSG) available on our website to learn more about us, what we offer and our podcasts.Date of recording: January 25nd, 2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

John Garrett is a Portfolio Manager at MA Financial Group Ltd (ASX: MAF) (formerly Moelis Australia) and shares investing wisdom on his website, mastersinvest.com. He joins Raymond Jang on The Australian Investors Podcast to share his investing knowledge and lessons with our investing community.John's career in the financial markets has spanned across over nearly 25 years and currently manages three funds at MA Financial Group. His significant experience combined with an insatiable appetite for consuming books along with learning from the greats has helped him build an encyclopaedic knowledge of mental models to find great businesses, which can compound at high rates over long periods of time.Talking points- Which great investor resembles John the most. - Importance of understanding the qualitative factors that drive the financial output and taking a holistic view of the business.- Why companies that can 'fight the fade' are rare and can override a valuation model. Notable mentions include Meta Platforms Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOG) and REA Group Limited (ASX: REA).- Why John believes management and culture are the longest forms of potential competitive advantages.- How John devours so many books and retains knowledge to build his mental models. Book references include Let My People Go Surfing by the founder of Patagonia and Invention: A Life by James Dyson.- How a concept in Nassim Taleb's book, Skin in the Game led to an investment in Australian Ethical Investment.- Lessons about culture and incentive structures from reading Pride in Performance by Les Schwab along with further discussion about Johns Lyng Group.- Why I quickly bought, In Search Of Excellence: Lessons from America's Best-Run Companies by Tom Peters and Robert Waterman after my chat with John.- John shares a personal anecdote to highlight how great businesses find ways to get the best of their employees.- Why John has been devoting more time towards reading everything about technology.- John provides his views on the future of blockchain and cryptocurrency.- The emotional and psychological mindset required to be a great investor.- What John does to overcome biases and he discloses the two biggest ones for him.- John lets us know who has had the most influential impact on him as a person and investor.Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded:18th Jan 2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

John Garrett is a Portfolio Manager at MA Financial Group Ltd (ASX: MAF) (formerly Moelis Australia) and shares investing wisdom on his website, mastersinvest.com. He joins Raymond Jang on The Australian Investors Podcast to share his investing knowledge and lessons with our investing community.John's career in the financial markets has spanned across over nearly 25 years and currently manages three funds at MA Financial Group. His significant experience combined with an insatiable appetite for consuming books along with learning from the greats has helped him build an encyclopedic knowledge of mental models to find great businesses, which can compound at high rates over long periods of time.Talking points00:00 - How John felt when he heard that Ben Rundle said he was the most influential person in his investing career.02:40 - John's personal journey as an investor.05:15 - First decade of John's career in REITs with UBS Investment Bank and the impact of the Asian financial crisis and the tech bubble. We talk about CISCO Systems Inc (NASDAQ: CSC), Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT).13:00 - John's experience in hedge fund advisory and building live model portfolios for institutional clients.20:00 - What was going through John's mind during the global financial crisis and how Mark Twain's quote, 'History doesn't repeat itself but it often rhymes' was relevant. John also mentions the book, House of Morgan.24:55 - John's foray into the buy-side and the investing philosophy of the funds he currently manages at MA Financial Group. John shares some interesting statistics highlighting where the best ASX investing opportunities lie.34:10 - Why focusing on the destination is important to John when he approaches valuation. John uses Nick Sleep and Walmart Inc (NYSE: WMT) as an example.38:00 - Using Australian Ethical Investment Ltd (ASX: AEF) as a case study of where the valuation became overstretched.42:15 - How John works out the risk and reward payoff when assessing investment opportunities, using Johns Lyng Group Ltd (ASX: JLG) as an illustration.46:30 - What John does to take his mind off investing.48:40 - The key lessons John gained from studying the great investors.Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded:18th Jan 2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode originally featured in The Australian Finance Podcast series in April 2021.Co-hosts Kate Campbell and Owen Rask dive into everything ethical investing to celebrate the launch of our new investing course on Rask Education.The pair discuss figuring out your own values, different ethical investing strategies, positive and negative screens to cover, and 5 tips for ESG share investors.Want to keep going? Enrol in our free course.Enrol in our free Ethical Investing 101 course today.At the time of publishing, Owen owns shares of Pushpay (PPH), Salesforce (CRM), and units in the A200 ETF. Kate owns shares of Salesforce (CRM). Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts or Spotify - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a playback episode. It originally featured on Rask's other podcast series, The Australian Finance Podcast. Co-hosts Kate and Owen provide a review of the Vanguard Diversified High Growth ETF (ASX:VDHG).Kate and Owen cover how VDHG works, how investors might use VDHG in their portfolio and their thoughts on using it long-term.Want to hear more? Free free to pitch a company/ETF to us via our FB Community, Twitter or podcast@rask.com.auPlease note, this episode is not a recommendation from Kate, Owen or the Rask Team. Rask Australia recommends the VDHG ETF within our membership services, however, this could change at any time. Owen has a position in VDHG as of the date of recording. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Get a Rask membership & save $100!Score $100 off our premium ASX & US share research service, Rask Invest!Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts or Spotify - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 24th November 2021 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ben Rundle and his fellow co-founder, George Capozzi initiated the Hayborough Opportunities Fund in March 2021. His role as a Portfolio Manager at NAOS Asset Management for six years along with founding a media business highlighted the importance of return on capital and people when finding high quality businesses.Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 22nd December 2021 Learn more about your ad choices. Visit megaphone.fm/adchoices

The 3 thematics covered by the experts Cybersecurity Anirban's stocks to watch: OKTA Inc (NASDAQ: OKTA) Cloudflare (NYSE: NET) Crowdstrike (NASDAQ: CRWD) Zscaler Inc (NASDAQ: ZS) Resources: (Free) Anirban's Zoom presentation Web3 & Crypto Owen's stocks/ideas to watch: Coinbase Inc (NASDAQ: COIN) BetaShares Cryptocurrency ETF (ASX: CRYP) Ethereum (CRYPTO: ETH) Resources: (Free) MIT Blockchain course Electric vehicles Is Tesla Inc (NASDAQ: TSLA) still a buy? Other EV stocks to watch: NIO, XPENG, RIVN Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 22nd December 2021 Learn more about your ad choices. Visit megaphone.fm/adchoices

What was answered: How often do markets crash? About once a year, on average, you might expect it to fall/correct 10% (depending on the market) Only 20% of market corrections (i.e. 10% falls) turn into bear markets (see Tony Robbins, Unshakeable) Which stocks are best to buy cheap? High quality growing stocks (or whatever fits your investment checklist) Owen's quick & easy market crash checklist (to get you started)Owen looks for these 5 things when the market falls: Net cash position DBNR (see explainer below) Aligned management Controllable costs (i.e. strong margins) Strong growth prospects over 5-10 years Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 22nd December 2021 Learn more about your ad choices. Visit megaphone.fm/adchoices