From left: Kellie Wood of Schroders, Anita Costa of IFM Investors, Kate Howitt, Sophia Rahmani of Mable Brown-Abbott, Jun Bei Liu of Tribeca Investment Partners and Sarah Shaw of 4D Infrastructure at the ASX.
“If you’re going to pick stocks yourself, you should open up a spreadsheet and look at some basic numbers. Readby [Alfred] Rappaport and [Michael] Mauboussin to get some ideas for developing your own approach.” “No longer is it sufficient for young investors to only focus on and understand the traditional asset classes. Non-traditional assets can add substantially to the investment returns a young investor can hope to achieve, while also providing diversification benefits.”She says too many investors fail to take responsibility for their own decisions, and also don’t understand how to incorporate their objectives fully into their decisions.
“If there is a mistake that investors continually make, it’s that they have a home bias – for instance, Australia represents only 2 per cent of global equity markets, but most people will allocate anywhere between 20-40 per cent of a portfolio to Australian shares. Today, her former peers are portfolio managers, analysts, heads of equities and chief financial officers.
Early on in her career, Alicia Gregory learnt a valuable lesson that has stuck with her: “Buy great assets at a fair price.”While they never feel cheap when buying in, sticking to those opportunities tends to work out better than buying a fair business at a great price. Investors will find the required earnings calls and financial information on listed companies’ websites.
“Invest in five companies and follow them closely. Avoid fads like BNPL and bitcoin, and focus on long-term fundamentals. “Also, don’t try to be an expert on everything – play to your strengths and expertise and capitalise on others’ strengths as well.”Advertisement