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Roger Montgomery is the founder and Chief Investment Officer of Montgomery Investment Management, which won the Lonsec Emerging Fund Manager of the Year award in 2016. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch. He is the author of the best-selling, value-investing guide book Value.able and has been writing his popular column about investing and markets for The Australian since 2012. Roger is an unconventional investment thinker, launching one of the earliest retail funds in Australia with a broad mandate to be able to hold large amounts of cash when perceived risks exceed implied returns.

@rjmontgomery

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US President Donald Trump (L) raises a fist next to US First Lady Melania Trump during the Congressional Picnic on the South Lawn of the White House in Washington, DC, on June 12, 2025. (Photo by SAUL LOEB / AFP)

Investors could face a decade of low sharemarket returns

A top fund manager argues too many investors are exposed to the S&P 500, which risks delivering poor returns. Here’s where you should put your money instead.

Roger Montgomery

SharemarketWealth

Financial collapse.; stressed investor middle-aged man frustrated generic

The ‘must-watch’ indicator for investors

There are growing risks that current sentiment ‘shock’ in the markets could morph into a financial or liquidity ‘crisis’. Here’s why.

Roger Montgomery

WealthWealth

DOHA, QATAR - MAY 14: US President Donald Trump stands and salutes during the playing of the national anthem of the United States while attending a state dinner at the Lusail Palace on May 14, 2025, in Doha, Qatar. The visit underscores the strategic partnership between the United States and Qatar, focusing on regional security and economic collaboration. (Photo by Win McNamee/Getty Images)

Opportunities amid the uncertainty for investors who stay focused

The sharemarket was waiting to rebound once Donald Trump made the right move — but it remains an expensive market.

Roger Montgomery

WEALTHWealth

President Donald Trump waves after speaking about investing in America in the Cross Hall of the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Alex Brandon)

Is the Wall Street rebound for real or a dead cat bounce?

Stagnant GDP, corporate distress, consumer panic and supply chain chaos increase the likelihood of Trump relenting on tariffs so there’s a contrarian opportunity to invest in a potential rally.

Roger Montgomery

WealthWealth

(FILES) In this file photo taken on May 04, 2019, Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska. - Berkshire Hathaway, the holding company of Warren Buffett, bought back approximately $5.1 billion of its own shares in the second quarter as it was hit hard by economic fallout from the coronavirus pandemic. Berkshire's net profit climbed to $26.3 billion, up sharply from $14.1 billion in the same period last year. (Photo by Johannes EISELE / AFP)

Cash is king when it’s used effectively

Cash usually offers poor long-term investment returns – but when it comes to making the most of a market opportunity, it’s a winner.

Roger Montgomery

WealthWealth

Paul Volcker, head of U.S. President Barack Obama's Economic Recovery Advisory Board, speaks during a dinner at the 2009 Institute of International Finance (IIF) Spring Membership Meeting in Beijing, China, on Thursday, June 11, 2009. Former Federal Reserve Chairman Volcker said there are

Tariffs or not, value always wins in the end

We’ve seen markets behave similarly during Covid and the GFC, and good value stocks always retain their appeal — even if investors must be more discerning.

Roger Montgomery

WealthWealth

ROB Harder started life on the tools as a builderÕs labourer and carpenter. Now the former chippy runs QueenslandÕs biggest home builder, the Impact Group, and is looking to expand into southern states such as Victoria.Picture: NIGEL HALLETT

Collapse of builders is a wake-up call on private credit

Private credit fund managers have been hit by developer collapses and just as there are riskier and safer stocks on the sharemarket, so too is the risk profile of private credit funds.

Roger Montgomery

WealthWealth

How to survive the thud as gravity drags Wall Street

The extraordinary price action among investments as diverse as bitcoin or Telsa had to come to an end, and here’s why.

Roger Montgomery

WealthWealth

WiseTech Chief Executive and major shareholder Richard White at the company's Investor Day. NO BYLINE

WiseTech and the double-edged sword of rock star CEOs

Board members at companies with superstar CEOs, like Richard White’s WiseTech, need to have a track record in successfully challenging overbearing founders.

Roger Montgomery

WealthWealth

A man who identified himself as Mr. Courtney punches the Bull on Broadway near the New York Stock Exchange 20 December, 2006 in New York. Courtney said he punches the Bull every day on his way to work. Shareholders in the New York Stock Exchange approved an alliance with European stock market operator Euronext creating the world's first intercontinental bourse, the NYSE said 20 December.The seal of approval by the owners of the New York bourse came after Euronext shareholders gave their stamp of approval to the alliance in Amsterdam on Tuesday. AFP PHOTO/DON EMMERT

The unexpected shocks that could end the bull run

Just a few weeks ago many avid market watchers expected the bull run to continue well into 2025 but now they’re not so certain. What’s changed?

Roger Montgomery

Original URL: https://www.theaustralian.com.au/author/roger-montgomery