Could growth assets be key to investing in the next Apple?

July 31, 2019

Growth assets, like the Apple shares that astronomically propelled the wealth of its shareholders over a single six-year period, are foreshadowed to become more appealing to investors chasing greater bang for their buck, an expert has said.

At a GSFM market outlook event, Munro Partners’ chief investment officer, Nick Griffin, discussed the possibility of finding the next Apple in the current low-yield environment, taking into consideration consecutive RBA rate cuts.

“We live in a world where stocks can go up thousands of percent yet they can only fall 100,” he remarked.

“It’s asymmetrically in your favour to invest in stocks,” he considered, but noted the problem being that stocks are more likely to fall 100 than go up by 1,000.

As a result, Mr Griffin said, “we live in a game where there a very few winners and lots of losers”.

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