There seems to be no stopping Australia's ultra-wealthy, with the number of billionaires down under growing by 14.4% over the past 12 months, to a record 159 people. For some context, in 2020, this number was 117, according to The Australian.
While it's wonderful to daydream about what you would buy or do with a few billion dollars, the true secret success of the ultra-wealthy is their ability to stay that way. After all, how many stories have you read of lottery winners squandering their newfound wealth just a few short years later?
So, how do the other half continue to grow their wealth? The answer, my friend, is investing.
To find out, Livewire sat down with MRB House's Peter Magee and Walsh Capital's Louise Walsh for their insights into how Australia's ultra-wealthy invest as part of Livewire's Undiscovered Funds Series.
They share their tips and tricks for identifying "exceptional" funds, outline the factors that are important to their processes, share what to do when a fund isn't performing as expected, and name one recently launched fund that has impressed in recent years.
TIMECODES
0:00 - Intro
0:40 - Do the ultra-wealthy invest like the rest of us
1:44 - Where are the ultra-wealthy looking to allocate
3:41 - The areas of the market MRB House avoids: Emerging markets
5:35 - Where active management can add the most value...
6:59 - ... And it's not in fixed income
7:24 - The criteria Louise Walsh uses when selecting funds to work with
9:49 - Red flags to look out for
11:37 - Peter Magee's tried and tested process for selecting excellent funds
14:10 - Past performance IS a reliable indicator of future performance
14:57 - The importance of differentiation
16:34 - The number of funds the ultra-wealthy invest in...
17:47 - ... And what to do when one isn't performing as expected
19:56 - A new fund that is held by the ultra-wealthy and why this is
24 июл 2024
