Columnist Marcus Padley

There's a paragraph in the introduction to Benjamin Graham's bible, The Intelligent Investor (first published 1949) that says: "Since our book is not addressed to speculators, it is not meant for those who trade in the market. Most of

Fantasy: Its time "in" the market not Time "ing" the market. Reality: Without dividends being reinvested there is no reliable long term real return in the stockmarket. No free lunch. The truth is that this well worn expression is

I have always said that 90% of the stockmarket game is about not cocking it up. Not losing money is a pre-requisite to making it and not cocking it up in the stockmarket is an essential ingredient of success. I have seen plenty of success in the

I got an email this week. I ask for Stupid Questions in my newsletter and I get them. "I have $10,000 and want to turn it into a million dollars. How do I do it?" You're thinking "How Stupid" but it's actually a really

In January this year the Commonwealth Bank got down to a PE of 6.7x and a yield of 11% (15.5% including franking) and on that day in January someone using fundamentals (because the chart looked terrible at the time) decided that enough was enough and