Our investment managers are often asked about their personal portfolios and what investment strategies they would recommend. Here we ask some of them to tell us what advice they’d give to their mums.
Chad Padowitz,
Chief Investment Officer,
Wingate Asset Management
Chad is one of the founders of Wingate Asset Management, a specialist international equities manager who formed a joint venture partnership with Australian Unity in 2008.
Chad’s advice to mum
Buy some of the somewhat boring companies that have good cash flow, a well supported dividend and a respected management team.
You can buy these now at a price that has not been available for many years. Companies like Coca Cola, Kraft, Carrefour (a large French supermarket chain) are good examples.
There is no need to take big risks for your savings to provide reasonable returns.
Kirsty Dullahide,
Head of Portfolio,
Australian Unity Investments
Kirsty leads Australian Unity’s team of investment specialists and is responsible for the strategy and performance of Australian Unity’s investment products.
Kirsty’s advice to mum
Not to panic. Also, to be clear about what’s important to her and dad – what do you need and when? And to ask their financial planner as many questions as they need to, in order to feel comfortable with their understanding of their portfolio and how it is likely to perform under a range of different market conditions.
Chris Smith,
Portfolio Manager - Healthcare Property Trust
Australian Unity Investments
Chris is responsible for Australian Unity’s flagship Healthcare Property Trust. The trust is currently over $400 million in size and invests in the land and bricks and mortar of hospitals, medical clinics and other healthcare property.
Chris’ advice to mum
The outlook for healthcare property remains extremely positive, as Australia’s ageing population will continue to require more healthcare services. This makes the Healthcare Property Trust an excellent option for those who are seeking regular income over the medium to long term.
MARCH 2009