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Every fortnight, the podcast discusses key investment issues to help build your wealth. Morningstar's James Gruber hosts regular guests Graham Hand and Peter Warnes, as well as investment industry leaders and fund managers.
Graham Hand has over 40 years of experience in financial markets, including Group Treasurer and Managing Director Treasury roles at major banks. Graham is the Co-Founder (with Chris Cuffe) and Managing Editor of Firstlinks (previously Cuffelinks), a leading financial newsletter with 100,000 readers. Firstlinks was acquired by Morningstar in 2019 and Graham is now Editorial Director.
Peter Warnes is the Head of Equity Research at Morningstar and Editor of Your Money Weekly. He originally joined Aspect Huntley as Head of Research in 1992 which was acquired by Morningstar in 2006, giving him 30 years in the Morningstar stable. He is widely quoted in the media for his stock calls and deep market analysis.
Podcast host, James Gruber, is an assistant editor at Firstlinks and Morningstar. He has more than 10 years experience in finance. He was Portfolio Manager of Asian Equities at AMP for two years, and prior to that a leading sell-side analyst at CLSA across Asia for five years. He started off in TV and radio news journalism at the ABC and was the Executive Producer of the 7pm ABC TV news bulletin in Canberra.
23 Episodes
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Season 2, Episode 9Special guest Noel Whittaker, best-selling author and personal finance guru, offers his key tips for making the most of your retirement. He discusses the mistakes that people make with SMSFs, why super remains a good vehicle for retirees, how estate planning is a "minefield", and the financial traps to avoid with aged care.Firstlinks’ Managing Editor, Graham Hand, also joins us to explain why more listed investment companies should close as well as the intriguing battle between Magellan and shareholder activist Nick Bolton.And Morningstar's Peter Warnes is back from a break to talk about the carnage in bond markets and what it might mean for Australian markets.
In this week's episode, we welcome special guest, Ophir Asset Management Founder and Senior Portfolio Manager, Andrew Mitchell. Recently, Ophir celebrated the 10-year anniversary of its Opportunities Fund, which has returned more than 21% since inception. Andrew shares the lessons learned running the fund, the key rules of investing, some of the fund’s winners and losers, as well as where to find value now.As usual, Firstlinks’ Managing Editor, Graham Hand, also joins us, this time to go the Intergenerational Report and possible targets to address intergenerational equity. And our other regular guest, Peter Warnes gives us a wrap up of the ASX reporting season, including the big winners and losers.
In this week's episode, we welcome special guest, Platinum Asset Management CEO, Andrew Clifford. There are few countries more hated by investors than China and that's piqued Andrew's interest. He sees opportunities in stocks with major tailwinds such as the world's leading EV battery maker and the 'UPS of China', as well as deep value in much maligned Chinese property developers. He also thinks Japan is one of the world's best equity stories over the next five years due to recent improvements in corporate governance. However, Andrew's not so enamoured with the outlook for US stocks.Regular guest, Graham Hand, explains how a recent report on the performance of assets over a 30-year period is a pointer to retirement outcomes. And our other regular, Peter Warnes, tells us what the recent result of Commonwealth Bank says about the outlook for banks and the Australian economy.
In this week's episode, we welcome special guest, John Abernethy. John is the Founder and Chairman of Clime Investment Management. He's seemingly done it all across 40-plus years in investing, from managing multi-asset portfolios, to venture capital, and now overseeing a sizeable investment portfolio and financial advice business. John tells us that super funds aren't admitting to their biggest problem: having too much money is driving them into alternative assets. In a broad-ranging interview, he also outlines why bonds aren't great value right now and Aussie equities look good in comparison, as well as how the current government isn't doing enough to help reduce inflation.Regular guest, Peter Warnes, has a different take to John's on super funds and unlisted assets. And he's scratching his head at a recent scathing review into APRA and its supervision of super. Finally, Graham Hand discusses why homeowning retirees should never run out of money, even though many fear they will.
In this week's episode, we cover the hot topic of real estate. Our special guest is global listed property expert, Andrew Parsons of Resolution Capital, who's turned from sector bear to optimist. As the market marks down the sector, Andrew sees contrarian opportunities opening up, especially in retail property. Meanwhile, Firstlinks' Graham Hand discusses residential property and why he believes owning a home beats super in retirement. Lastly, Peter Warnes looks at why interest rates in Australia won’t be cut for some time and what areas that could impact over the next 12 months.
In this week's episode, author and speaker, Peter Thornhill, is our special guest, and he'll discuss his secrets to beating the market, including owning high quality industrials and LICs, and holding them forever. Firstlinks' Graham Hand addresses the question of why ETFs receive blanket media coverage when they're small fry compared with managed funds, and Morningstar's Peter Warnes, will give his latest outlook for our economy and market.
Graham Hand discusses the ins and outs of capital gains tax, and whether the RBA Governor should keep his job.Peter Warnes outlines four of his favourite long-term market themes.And special guest, Morningstar global CIO Dan Kemp, suggests how investors can build an 'all-weather' portfolio, including having the right asset mix, good advice, and staying the course.
Graham discusses how the $3m super tax will work and how it changes the investment options for investors with large amounts.Meanwhile, Peter outlines the headwinds for large-cap banks and miners and where to look outside the sectors. He also speaks of the energy challenges for Australia and the potential opportunities for investors.
Graham and Peter buy into the moves to control house prices, massive debate on age pension assets test, interview with Antipodes Jacob Mitchell, buyers chase long-term assets.
Peter checks Stockland, Scentre, Qantas and Flight Centre, we discuss what 12-month highs and lows show, asset allocation of Jerome Powell, a couple of grumps plus interview with Sean Fenton of Sage Capital.
Who won and who lost in August reporting, missing the point on franking, tax reform picks favourites, two grumps, Christian Baylis interview .
Company profits, Emma Fisher full interview, your views on retirement, buying houses and financial advice.
Top 20 stocks then and now, Brambles, defining income, performance fees, Nick Griffin’s outlook.
Peter reveals some top stock picks with an emphasis on long-term assets like Sydney Airport, Graham discusses spending in retirement and valuing assets, the key to Amazon, guest Andrew Lockhart.Send your feedback or questions to firstlinks@morningstar.com.
CBA and Westpac call earlier rate rise, don’t be one of the 60%, affordability of loans, Telstra value, performance check.(Feedback or questions to firstlinks@morningstar.com).
All the Ts – Taper, Transitory, Tantrum and Terrifying – affect stocks and bonds, plus inflation, industrial property, retirement income and the new superannuation reforms.(Feedback or questions to firstlinks@morningstar.com).
Season 2, Episode 15In this week's Wealth of Experience podcast, we have Peter Warnes on ASX opportunities for 2024, East 72's Andrew Brown on why he likes owners with 'skin in the game', including English soccer giant, Manchester United, and VanEck's Jamie Hannah explains the increasing popularity of smart beta ETFs and funds.
Season 2, Episode 14Richard Rauch, Investment Director at Brandywine Global, gives a fascinating tour of the global economic landscape. He says economic normalisation post Covid is almost done, the inflation scare is over and there's even the possibility of deflation happening in the US in future. Rauch believes that as the economic cycle extends, the odds are increasing that the US, and the world, has a hard economic landing.Duncan Burns, Asia Pacific CIO at Vanguard, says investors are too hung up on beating the marketing and sticking to a simple, long-term strategy can deliver hassle-free, excellent results. He describes how to allocate assets to deliver such results and the key traps to avoid. Finally, regular guest, Peter Warnes from Morningstar's Your Money Weekly, gives us his outlook for the Australian market and economy next year. This is our last episode for 2023 and we'll see you back on January 10, 2024.Have a merry Christmas and Happy New Year.
Season 2, Episode 13After a glorious decade, private assets are being tested by a higher interest rate environment. Commercial property is at the forefront of that, and Steven Bennett, CEO of Direct Property at Charter Hall, joins us to talk through the challenges that he's facing as well as the opportunities going forward.Another area of private assets being stress tested is private equity. Though, Rainer Ender is the Global Head of Private Equity at Schroders, thinks media coverage on this has been over-hyped. There are some segments such as late-stage venture capital and leveraged buyouts where deals are drying up, but other segments are holding up better. Regular guest, Peter Warnes from Morningstar's Your Money Weekly, gives us an insight into why the new RBA Governor seems to be more wary of inflation than her predecessor, and what it means for interest rates and the economy.
Season 2, Episode 12Special guest Matt Williams, Head of Australian Equities at Airlie Funds Management, explains the investment approach that's resulted in his firm having market-leading returns. And he details recent investments, including in two 'fallen angels', ResMed and Orora.Our other special guest is Joe Cavatoni, Market Strategist at the World Gold Council. Joe describes the key drivers for gold, its future prospects, as well as the rise of digital gold and its potential to transform the industry.Peter Warnes from Your Money Weekly looks at why rates will remain higher for longer, and investors are complacent about the risks that brings to markets.And we begin the podcast with a special announcement regarding our other regular guest, Firstlinks' Graham Hand.
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