For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered!
ASX 200 | A B C D E F G H I J L M N O P Q R S T U V W X
Motley Fool Australia » Coronavirus News » 4 words that frighten a $180 billion fund manager
Tony Yoo | September 18, 2020 4:02pm
Since 2006 he has been chief investment officer for AustralianSuper, which now has more than $180 billion under management.
So Delaney knows a thing or two about investing, and has heard all the barbecue talk about how to grow your money.
“There’s no more dangerous words in investing than ‘this time it’s different’,” he said at the Yahoo Finance All Markets Summit.
COVID-19 has made for an unprecedented 2020, which could well cause permanent changes to the way we live and work.
Plenty of newbies have dived into the sharemarket this year, pouring in what fund manager Geoff Wilson called “non-sophisticated money”.
Financial authorities and veteran investors are worried that many are in to make a quick buck and could plunge themselves into horrible trouble.
“The biggest risk in investing is not that you lose money in the short term,” he said.
“But it’s that your investments don’t deliver what you want them to in the long term.”
Many superannuation account holders this year would have changed their investment mix to increase their proportion of cash.
“It’s like driving your car on high beam. You’re not looking at the next bend — you’re looking at the bend after and the one after that,” he said.
“That’s what investing is, looking at what’s beyond what you can see in front of you.”
The Reserve Bank of Australia and central banks around the world have declared low interest rates will be around for many years to aid recovery.
So for Delaney, it makes sense to put your money into the inevitable recovery out of the pandemic.
“Why don’t we invest in things that will benefit from the recovery in the economy, growth in earnings and businesses that are taking advantage of the structural changes that are taking place.”
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can.
.fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type= »submit »] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}
By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe at anytime. Please refer to our Financial Services Guide (FSG) for more information.
This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Motley Fool Australia operates under AFSL 400691. For more information please see our Financial Services Guide. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. The Motley Fool Australia does not guarantee the performance of, or returns on any investment.
SOURCE: https://www.w24news.com
