We have always said that it is important to take time and revisit the basics every now and then. Living and breathing the markets day in, day out can let us lose sight of these basics, not seeing the forest for the trees if you will. It is often the simplest things that remain consistent for a longer time horizon. To crystallise things a little, we would like to go back and explain some things to our 21 year old selves with particular reference to some rules of thumb about how to think about finances and financial independence.
Heading into reporting season we take a look at a few simple things to keep in mind if one truly wishes to capitalise on the increased news flow that comes with reporting season.
This week we present a piece by Joey Mui, from Merlon Capital Partners who power the TAMIM Australian Equity Income IMA, examining why good companies do not always necessarily make good investments.
One of the most divisive issues in the world of investing is the place of gold and whether there is any value in having some exposure within a portfolio.
With many investors running to so-called defensive assets (with ever diminishing returns), this week we look at why it pays to stay invested in equity markets.
This week we take a look at what makes a business an attractive investment opportunity and examine what we look for in our search for the next opportunity.
We return to the ever important topic of portfolio management and take a look at three extremely important things to keep in mind when managing an investment portfolio.
It is quite fine to chase and expect returns, after all, that is one reason we invest, It is however important to understand the risk we are taking to generate the returns we expect. We take a look at risk and try to understand the best way to approach taking risk in this current volatile or at least uncertain market environment.
Simon Turner, of the Small Cap team, discusses some valuable investing lessons from his 4 year old daughter, as well as a number of stock and Small Cap portfolio examples. Parenthood provides a great opportunity to see where universal investment biases start from, and can provide valuable insight into behavioural finance in general.
The Small Cap team dig into the essential skill that is knowing when to sell. This is the third part of a 3-part series covering when to Buy, Hold and Sell equities. Click here to read Part One “When to Buy” and Part Two "When to Hold".
The Small Cap team dig into the fine art of doing nothing. This is the second part of a 3-part series covering when to Buy, Hold and Sell equities. You can read Part One, “When to Buy”, here.
This week we look at the always important topic of portfolio construction. Achieving an optimally balanced and diverse portfolio is more important than ever when heading into increasingly uncertain times and certainly, we would argue, a wiser move than exiting the market completely.
The Small Cap team explain the two things they look for when deciding whether to buy a company or not. They dig into how they go about reaching a conclusion on these particular points and provide examples to illustrate.
Robert Swift looks at the lack of diversification in not only the Australian market but also emerging markets. He presents an often misunderstood and underutilised alternative.
The TAMIM Australian Equity Small Cap team take a look at their approach to value investing. They lay out fourteen basic tenets that guide their investing while providing a number of accompanying examples.
Heading into a new financial year, Guy Carson takes a look at the state of the Australian economy and provides his expert views on what to expect going forward.
TAMIM founder and managing director, Darren Katz, revisits the topic of individually managed accounts.
In light of the recent Blue Sky drama, Guy Carson takes a look at how he identifies companies with potential for these blow ups. Digging into GetSwift, Big Un and Blue Sky, this is a must read for any self-directed investor looking to avoid getting caught up in blow ups like these.
This week Robert Swift takes a look at a portfolio holding which has gone from under-performer to outperformer. He digs into the importance of conducting proper analysis and, if nothing changes, having faith in it to work in the long term.
This week the Small Cap team take a look at eight of the lessons they have learned over the years. An important read for any investor who fancies the smaller end of the market.
This week Guy Carson takes a look at the Australian GDP figure and digs in to how it impacts the everyday share portfolio.
This week the TAMIM Small Cap team take a look under the bonnet of their portfolio and take a look at its breakdown. They examine debt profile, industry exposure, company life cycle and cash weightings.
Guy Carson, manager of the TAMIM Australian All Cap Value portfolio, has had an excellent year to date. This success has come from not only picking good stocks but also from managing the portfolio risk when he occasionally picks the wrong stock. This week, to illustrate how to minimise losses and maximise gains, Guy takes a look at one of his recent mistakes alongside some of his better picks.
Creative Accounting and non-payment of tax as a source of risk – the importance of fundamental oversight
This week Robert Swift and Roger McIntosh, of the TAMIM Global Equity High Conviction IMA, take a look at the tricky subject of creative accounting and how it must be factored into your stock analysis.
As a small cap portfolio manager we are in the business of investing on behalf of others. While investing may be a simple concept it is never easy in practice. We highlight a number of key lessons we have learned over the past decades that you can apply to managing your own portfolio.
Markets & Commentary
At TAMIM we are committed to educating investors on how best to manage their retirement futures.
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.