Shows
Shares for BeginnersSummer Repeat - Build Wealth on a Budget: Low-Cost ETFs That OutperformToday, we're revisiting a classic episode with evergreen wisdom on building a solid investment foundation. It's my conversation with the late Graham Hand, founder and editor of Firstlinks—now part of Morningstar Australia. Sadly, Graham is no longer with us, but his decades of experience from institutions like Colonial First State and the Commonwealth Bank offer timeless insights that remain relevant today.Episode Blog Post: https://www.sharesforbeginners.com/blog/firstlinks📈 CHECK OUT THESE INVESTING TOOLS: 🌎 Level up your investing with Sharesight, Investopedia’s #1 portfolio tracker for DIY investors. Click here...
2026-01-1233 min
Salud Financiera#441- El Consultorio de Salud FinancieraBienvenidos a Salud Financiera. Un programa diario dónde puedes aprender y preguntar sobre finanzas personales y mercados financieros.En este episodio #441 respondo dudas sobre redondeos, traspasos switch, comisiones de las carteras Selección de Santander y otros temas. Apoya al podcast siendo Patreon: https://www.patreon.com/c/SaludFinanciera645No te pierdas nada de nuestra comunidad: https://linktr.ee/misaludfinancieraCurso de Análisis Práctico de Fondos de Inversión: https://tr.ee/EQwII4Curso de ETFs disponible en https://hotmart.com/es/marketplace/productos/de-cero-a-inversor-en-etfs/U91482169YCurso de Fondos...
2026-01-091h 11Shares for BeginnersStop Losing Money: Fix Your Worst Investing Mistakes Now - James Gruber | FirstlinksMy guest this week is James Gruber, editor of Firstlinks and a veteran of Asian markets with a background in journalism and funds management. We dive into his contrarian views on dividend stocks and gold's role in portfolios. Our discussion stems from James's article "Why I Dislike Dividend Stocks." He drew from David Gardner of Motley Fool, who achieved seven 100-baggers—stocks returning 100 times or more. Gardner held Amazon from 1997 and Nvidia from 2005, both up over 1,000 times.Blog post available at: https://www.sharesforbeginners.com/blog/james-gruber-firstlinksWatch on YouTube right here....
2025-11-1139 min
The Long ViewLawrence Lam: ‘The Types of Companies That Attract Me Are Founder-Led and Profitable’Hi, and welcome to The Long View. I’m Dan Lefkovitz, strategist for Morningstar Indexes. Our guest this week is Lawrence Lam. Lawrence is managing director and founder of Lumenary Investment Management based in Melbourne, Australia, a firm that specializes in founder-led companies globally. Lawrence is also the author of a new book called The Founder Effect. Lawrence has also been an investment banker, a derivatives consultant, and a financial regulator. He holds degrees from the University of Melbourne and is a lifetime basketball player.BackgroundBioLumenary Investment ManagementThe Fo...
2025-08-1949 min
Fidelity Sound BitesAsia vs the world: Why liquidity could shift EastWith Japan shifting monetary gears and global liquidity in flux, could capital rotate from developed markets back into Asia? We’re very lucky this month to have special host, James Gruber, Editor for investment newsletter Firstlinks who sat down with Fidelity’s Asia expert, Anthony Srom where they discuss a scenario few investors are pricing in. They also discuss why Anthony thinks China is no longer ‘uninvestable’, his contrarian plays for ASEAN markets and Indian financials and why he’s not buying into the hype of AI. Learn more about the Fidelity Asia Active ETF...
2025-07-1619 min
Rozbité prasátkoČasování trhu se (většinou) nevyplácí. Raději udělejte tohle.Ještě více obsahu 👉 https://herohero.co/prasatko Videonewsletter Investiční týdeník. 💸 Máte investiční dotaz? Odpovím vám na něj v Q&A! Získáte přístup k exkluzivnímu obsahu a materiálům. Čeká vás sleva na knihu, kurz a šablonu. Podpoříte svého oblíbeného tvůrce. ❤️💰 Portu - Pasivní investování pro každéhohttps://rozbiteprasatko.cz/portu🎟️ CzechCrunchInvestiční konference Money Maker v Ostravě s 30% slevou (stačí zadat kód "prasatko30")https://rozbiteprasatko.cz/ostrava🤯 Co se z epizody dozvíte?Není to tak dlo...
2025-04-1528 min
Investing Compass[Best of 2024]: How to build a lazy portfolio with 3 ETFsThis episode was one of our most popular of 2024. Our guest James Gruber discusses how to build a lazy portfolio with 3 ETFs, and the issues that you come across when you do this. James Gruber is the Assistant Editor of Firstlinks. Prior to that, he covered Asia as a leading fund manager, stockbroking analyst and journalist. More recently, he was a portfolio manager for Asian equities at AMP Capital, managing Asia and China. During his time there, the China fund was ranked number one globally over one and two years. He was also a television a...
2024-12-2126 minInvesting CompassShare deep dive: Nvidia NVDANvidia is the stock every investor is talking about due to its meteoric rise. In this episode, we look at whether it is still a good investment and what our analysts think about the company.Morningstar analyst Brian Colello justifies raising Nvidia's fair value in this article.Firstlinks' James Gruber talks about how to find the next 100-bagger in this article.Interested in our investing course? Find it here. To submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on...
2024-04-2716 minInvesting CompassHow to build a lazy portfolio with ETFsOur guest James Gruber discusses how to build a lazy portfolio with 3 ETFs, and the issues that you come across when you do this.James Gruber is the Assistant Editor of Firstlinks. Prior to that, he covered Asia as a leading fund manager, stockbroking analyst and journalist. More recently, he was a portfolio manager for Asian equities at AMP Capital, managing Asia and China. During his time there, the China fund was ranked number one globally over one and two years. He was also a television and radio news journalist at ABC and founded Asia confidential...
2024-02-1726 min
Wealth of Experience2024 ASX opportunities, investing alongside wealthy families, smart beta | 10 Jan 2024Season 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.
2024-01-1059 minWealth of ExperienceUS recession risks, a simple wealth-creating strategy, Warnes' 2024 outlook | 13 Dec 2023Season 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...
2023-12-121h 19Wealth of ExperienceCommercial property fallen angels, PE update, Bullock's hawkish ways | 29 Nov 2023Season 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...
2023-11-2855 minWealth of ExperienceAirlie's Matt Williams, digital gold, and Warnes on investor complacency | 15 Nov 2023Season 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...
2023-11-151h 05Wealth of ExperienceUniSuper's John Pearce, today's GFC echoes, LICs update | 1 Nov 2023Season 2, Episode 11Special guest John Pearce, Chief Investment Officer at UniSuper, explains why the 60/40 portfolio is far from dead, that governments not central banks are to blame for the recent inflationary spiral, why history is a dangerous guide to the future, and how UniSuper has recently invested heavily in the downtrodden US banking sector.Morningstar's Peter Warnes tells us why events today remind him of 2007, a year before the financial crisis hit.And Firstlinks' Managing Editor, Graham Hand, gives an update on developments in listed investment companies and listed investment trusts...
2023-11-0149 minWealth of ExperienceTrading vs boredom, tax-free super, 2024 global recession? | 18 Oct 2023Season 2, Episode 10James Gruber looks at how investors are saturated with market commentary: overweight this, underweight that, or ride this long-term theme. The hardest thing is often too resist all of that and do nothing. Yet this may be the best way to build wealth in a simple, systematic way.Firstlinks’ Managing Editor, Graham Hand, also joins us to explain how many people are needlessly paying tax by not starting a super pension. And Morningstar's Peter Warnes is our resident 'uber bear'. He's turned more negative on the market outlook and is...
2023-10-1835 minWealth of ExperienceNoel Whittaker on retirement, more LICs should close, bond carnage implications | 4 Oct 2023Season 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 fr...
2023-10-0455 minWealth of ExperienceBoost dividend income, free investing, managing stars | 20 Sep 2023Season 2, Episode 8Special guest Rudi Minbatiwala, Head of Equity Income at First Sentier, explains why he thinks buying high-yield, dividend-paying stocks is a flawed way to get consistent income from the ASX. He reckons there are better strategies , which he runs through today.For a different perspective on the investment world, our other special guest is Anne Marie Bernard, the senior director of HR at MFS Investment Management. Anne Marie tells us of the best ways that investment firms can incentivize fund managers, how to prevent star stockpickers from jumping ship, and how...
2023-09-201h 01The Long ViewMartin Lau: Revisiting the Case for Investing in Chinese StocksOur guest this week is Martin Lau. This is his second appearance on The Long View, the first being in August 2021. Lau is a managing partner of FSSA Investment Managers, part of First Sentier Investors. He has been at the firm since 2002 and is the lead fund manager of various FSSA strategies, including FSSA Asian Equity Plus, FSSA China Growth, and FSSA Hong Kong Growth. Lau has been in the investment business for nearly three decades and is based in Hong Kong. He earned a Bachelor of Arts degree from Cambridge University, a master’s degree in engineering from Ca...
2023-09-1953 minWealth of ExperienceMoney manager lessons, Labor's next tax targets, reporting season wrap | 6 Sep 2023In 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 wr...
2023-09-0659 minWealth of ExperienceValue amid China rubble, longevity and returns, CBA result read-through | 23 Aug 2023In 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...
2023-08-231h 04Wealth of ExperienceSuper funds' BIG problem & retiree fears of running out of money | 9 Aug 2023In 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...
2023-08-0953 minWealth of ExperienceCommercial property opportunities, interest rate outlook, home ownership vs super | 26 Jul 2023In 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.
2023-07-2558 minWealth of ExperienceETFs vs managed funds, market outlook, Peter Thornhill on building income for life | 12 Jul 2023In 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.
2023-07-121h 03Wealth of ExperienceBuilding an all-weather portfolio, CGT, RBA Governorship, 4 long-term market themes | 28 Jun 2023Graham 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.
2023-06-281h 03Wealth of Experience$3m super tax, Aussie large cap headwinds, energy transition issues | 14 Jun 2023Graham 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.
2023-06-1431 min
Shares for BeginnersQUICK TIP - If this correction turns nasty, things could get much worseGraham Hand is the managing editor of Firstlinks Australia, one of my favourite investing newsletters. In this Quick Tip I invited Graham to respond to a listener question about Stocks, ETF’s, bonds, cash, property and how they should be balanced when constructing a portfolio. The interview was a couple of years ago so the part about bonds is a little out of date, but the rest contains good, sensible high fibre investing encouragement.https://www.firstlinks.com.au/Also a bonus appearance from my wife playing the harp in the background - ju...
2022-09-2508 minWealth of ExperienceHouse prices, chat with Jacob Mitchell, pension asset test, chasing infrastructure | 29 Sep 2021Graham 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.
2021-09-2956 minWealth of ExperienceTravel and property stocks, highs and lows, Fenton interview | 15 Sep 2021Peter 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.
2021-09-1554 minWealth of ExperienceProfit winners and losers, franking credits, Baylis interview | 1 Sep 2021Who won and who lost in August reporting, missing the point on franking, tax reform picks favourites, two grumps, Christian Baylis interview .
2021-09-0147 minWealth of ExperienceBuybacks, profit results and survey results | 18 Aug 2021Company profits, Emma Fisher full interview, your views on retirement, buying houses and financial advice.
2021-08-1854 minWealth of ExperienceThe more things change… rinse and repeat | 4 Aug 2021Top 20 stocks then and now, Brambles, defining income, performance fees, Nick Griffin’s outlook.
2021-08-0452 minWealth of ExperienceTop stock picks and not running out of money | 21 Jul 2021Peter 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.
2021-07-2149 minWealth of ExperienceFY record returns and retirement income | 7 Jul 2021CBA 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).
2021-07-0738 minWealth of ExperienceNot if but when: what happens when rates rise? | 23 Jun 2021All 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).
2021-06-2329 minThe Long ViewHamish Douglass: On the Hunt for Super-Compounding StocksOur guest this week is Hamish Douglass. He is the co-founder, chairman, and chief investment officer of Magellan Financial Group, a roughly $80 billion asset-management firm with headquarters in Sydney. Among his duties, Douglass is lead manager of the Magellan Global Equity strategy, which is a concentrated portfolio of high-quality growth stocks. That strategy has been very successful since its July 2007 inception, handily beating its benchmark, the MSCI World Index, with significantly less risk. Before forming Magellan in 2006, Douglass was co-head of global banking for Deutsche Bank in Australia and New Zealand. He received his undergraduate degree from the University...
2021-02-2449 min
Shares for BeginnersGraham Hand from Firstlinks - Low-cost ETF portfoliosListener Seb Armstrong sent me a question about exploring "...portfolio construction. Stocks, ETF’s, bonds, cash, property etc have all been discussed, but how should one balance these depending on their objectives?” Thanks Seb. I receive many questions from listeners about how to construct a balanced ETF portfolio so invited Graham Hand on from Firstlinks about a portfolio that mirrors the investments of Australia's sovereign wealth Future Fund.Episode Blog Post: https://www.sharesforbeginners.com/blog/firstlinksBig ups to listener Ric Fleischer - sorry you had to wait so long for this epis...
2020-10-0932 min