Wealth And Toil - An Australian Investment Podcast

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss recent stock picks from May this year, the dynamics of fund management, and the strategic implications of recent stock performance and financial movements as 2024 draws to a close.ASX:GQG - Undervalued- GQG as a company and its distinction between managing funds and the funds management business itself.- GQG’s performance, including the challenges and resilience in light of accusations against Adani Group for corruption, affecting one of GQG's large holdings, currently 8%.May Stock Picks Review- Monash IVF-- down 10-15%-- macro hasn't been good for the industry, but Monash still outperforming the rest-- still think it's a takeover target for private equity, everything looking to be heading in the right direction- RPM Global-- mining software-- up 29% since May 1-- top performer for Seneca Small Cap Fund, set up to be taken over, trade buy makes most sense-- recurring revenue SAS - GDC Global Data Centers-- up 57% since May-- Airtrunk stake delivered huge resultLuke's 2 Week Pics- De Grey Mining -- Luke picked De Grey Mining 2 weeks ago, made 40% in 2 weeks.- Vulcan - Volatile but still some gains made!General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green pick stocks to perform over the short term (two months), medium term (two years), and long term (twenty years).Short-Term Investment Advice (Two Months):Dylan advises against risky investments for short-term financial needs, recommending a high-interest savings account instead.Luke offers two stock tips for the short term, expecting specific events to potentially increase their value: -- De Grey Mining, due to a pending mining permit-- Vulcan Energy Resources, anticipating a financing dealMedium-Term Investment Strategy (Two Years):The benefits of a diversified portfolio, mentioning a 60/40 split between growth and defensive assets as a prudent approach for two-year investments.The importance of managing risk and aligning investments with personal financial goals and the market environment.Long-Term Investment Focus (Twenty Years):Advantages of investing in superannuation accounts due to favorable tax treatment and the ability to compound returns over a long period.Dylan discusses New Hope, a coal company, as a long-term investment, arguing that negative sentiments about coal are overstated and present an investment opportunity.General Investment Philosophy:Aligning investment strategies with personal financial situations, goals, and timelines.Diversification and cautious investment approaches, especially for short and medium-term strategies.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss financial investment philosophies, built on the a foundation of risk profiles, future planning and common misconceptions around investing.Insights into Financial Planning and Investment:- The practicalities of communicating investment philosophies to clients and tailoring investment strategies to individual needs.- The importance of understanding clients' risk profiles and behaviours rather than just relying on traditional risk profiling tools.Deep Dive into Client Interactions and Strategies:- The importance of understanding clients' backgrounds and financial experiences to build tailored investment strategies that align with clients' long-term goals.- Building a financial foundation and preparing clients for various market conditions, the COVID-19 market impact as a historical example.Market Perceptions and Client Expectations:- Common misconceptions and biases in investment, such as the overemphasis on past market performance.- The practical challenges of asset allocation and the importance of having a diversified investment portfolio.- The importance of confidence and conviction in investment decisions.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green are joined by guest Ben Richards discussing Australian small-caps:The Small Cap Opportunity: The potential for outperformance in a market that is relatively stable but top-heavy. Australian small caps provide a clear opportunity for growth.Active Management Versus Passive Investing: Active strategies are particularly beneficial in this segment because small caps require detailed analysis and selection to identify growth opportunities, which is not typically achievable with passive index tracking.Portfolio Strategy and Construction:The Seneca Small Cap Fund holds a diversified portfolio of 20 to 50 companies, focusing on quality businesses with reasonable growth prospects and pricing.Fundamental focus on a stable process that cannot be replicated by home investors.Market Dynamics and Valuation: The challenges of investing in top-heavy indices that are skewed towards large-cap stocks, which may not offer the best growth opportunities. They argue that small-cap stocks are undervalued relative to their growth potential.Long-Term Investment Perspective:The importance of long-term investing with a focus on companies that have sustainable growth drivers. A patient investment approach tolerates volatility for superior long-term returns.General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss the upcoming U.S. election.Market Impact of ElectionsMarkets often experience short-term volatility, then generally adapt quickly to election outcomes. Individual policies may cause initial market reactions, but broader economic forces and market fundamentals have a more sustained impact on financial markets.TariffsPotential tariff policies by Trump, described as protectionist measures aimed at boosting domestic employment by imposing penalties on foreign goods. Luke and Dylan debate the inflationary impact of such tariffs, suggesting that while they may protect certain jobs, they also increase manufacturing costs, which can lead to higher consumer prices.Fiscal Policies and Corporate Tax CutsTrump's proposals for corporate tax cuts are likely inflationary in the current economic context. Tax cuts might benefit shareholders in the short term through increased dividends and buybacks but could exacerbate economic inequality by further enriching the wealthy.Energy Policies and Environmental ImpactsContrasting the energy policies of Trump and Harris, with Trump favouring fossil fuels and Harris advocating for a push towards green energy. Harris's focus could benefit sectors tied to renewable resources, which might positively affect investments related to clean energy technologies.Market Performance of Republican Presidents vs Democrat Presidents- Causal?General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au

In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green recent performance of Seneca's small cap fund, Luke's visit to Pilbara Minerals, Wildcat Resources and Port Hedland, and recent property market craziness in PerthDiscussion on Small-Cap Investments- Luke shares insights from his trip to WA, focusing on small-cap investment opportunities in the Pilbara region.- The performance of Seneca's small-cap fund, which has returned 28.4% over the past year, outperforming the benchmark by 9.6%.- The importance of considering different asset classes for generating alpha and the unpredictable nature of investing based on past performance.Market Trends and Investment Strategies- Broader market trends, performance challenges with large-cap strategies versus the unnoticed opportunities in small-cap sectors.- The importance of manager selection, rolling returns and maintaining a long-term perspective.Educational Aspect and Managerial Advice- Luke stresses educating investors about looking beyond recent performance and focusing on the potential over the next decade.- The importance of clear communication and transparency from fund managers is highlighted, illustrating how these qualities can build confidence among advisers and investors.Luke's recent visit to Western Australia;- Site visit to Pilbara Minerals ASX:PLS- Wildcat Resources ASX:WC8 - possible takeover from Mineral Resources?- Utah Port in Port Hedland - Perth property market going nuts? Dylan's analysisOur full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:https://senecafs.com.au/https://www.boldwealth.com.au