**GENERAL ADVICE ONLY**

Join Rob Pizzichetta, founder of Mont Wealth, in this episode of Pizz-Spectives as he explores the structural shifts redefining the global investment landscape. With fiscal policy taking center stage, geopolitical fragmentation altering trade flows, and demographic changes creating new growth engines, Rob discusses the implications for inflation, bond yields, and sector leadership. He provides a detailed macroeconomic outlook for the US and Australia, shares asset class insights, and outlines strategic portfolio positioning to navigate the evolving market conditions. Learn why Mont Wealth is underweight on US large caps, shifting focus towards active management, global small caps, emerging markets like India, and private credit. Discover how their diversified approach aims to balance growth with resilience amidst uncertainty.

00:00 Introduction and Disclaimer

00:31 Shifting Investment Landscape

02:35 Macroeconomic Outlook

04:07 Asset Class Analysis

06:55 Strategic Portfolio Positioning

10:32 Focus on India

15:45 Private Credit Opportunities

19:37 Conclusion and Final Thoughts

montwealth.com.au

In this episode of Pizz-Spectives, Rob Pizzichetta, founder of Mont Wealth, sits down with Brett Craig from Aura Private Credit. They discuss Brett's journey in finance, the intricacies of the private credit market, and the impact of market changes such as the GFC and COVID-19 on lending strategies. Brett explains the unique opportunities in SME lending, the importance of asset-backed loans, and the gap filled by private lenders as banks pull back from SME financing. He also highlights the factors that contribute to the resilience and robust performance of Aura's funds during economic downturns. Stay tuned for insights on market trends, the role of securitization, and the dual objectives of Aura's investment strategy: capital protection and strong returns.

00:00 Introduction and Disclaimer

00:32 Brett Craig's Journey in Finance

04:55 Impact of Economic Downturns on Private Credit

10:26 Understanding the Private Credit Market

17:50 Quality Assurance in Lending

24:20 Current Economic Climate and Defensive Strategies

27:32 Investment Opportunities with Aura

28:32 Conclusion and Contact Information

www.montinvest.com

Economic Insights & Investment Strategies | Pizz-Spectives with Rob Pizzichetta

In this edition of Pizz-Spectives, Rob Pizzichetta, founder of Mont Wealth, and the investment committee, including Shane Lee, Vessela Tasker, and Jay Kumar, delve into the economic outlook for the upcoming year. The discussion covers topics like economic growth, interest rates, inflation, currency trends, earnings valuations, and asset allocation strategies. They analyse the US and Australian markets, highlight the impact of AI on earnings growth, and explore the potential benefits of investing in European and Japanese markets. The episode also touches on tariff impacts, central banks' policies, and the structural down path of the US dollar. Join us for a comprehensive analysis and strategic investment advice for the year ahead.

00:00 Introduction and Disclaimer

00:55 US Economic Outlook

01:23 Australian Economic Insights

02:40 Global Market Analysis

04:05 Inflation and Policy Adjustments

06:56 Currency Trends and Predictions

09:09 Emerging Markets and Trade Tariffs

12:20 Investment Strategies and Bond Market

14:06 Conclusion and Contact Information

In this edition of Pizz-Spectives, Rob Pizzichetta, founder of Mont Wealth, delves into the proposed Division 296 tax reform and its potential impact on Australia's financial future. The episode uncovers the broader implications of a 15% tax on unrealized earnings for individuals with Super balances over $3 million, stressing how it could affect investment behavior, innovation, and economic growth. Rob discusses the possible ripple effects on various financial vehicles, small businesses, and the nation’s startup ecosystem, urging for a stable, fair, and inspiring economic environment. Tune in to understand how this tax proposal might influence your financial strategies and long-term wealth.

00:00 Introduction to Pizz-Spectives

00:12 Spotlight on Division 296 Tax Reform

01:02 Implications of Taxing Unrealized Gains

01:51 Broader Economic Impact

02:51 Potential Future Tax Policies

03:45 Impact on Small Businesses and Innovation

05:10 Generational Perspectives and Concerns

06:55 Advisors' Recommendations

07:39 Conclusion and Final Thoughts

In this episode of Pizz-Spectives, Rob Pizzichetta, the founder of Mont Wealth, is joined by Mugunthan Siva from India Avenue to discuss the thriving Indian economy and equities market. They delve into the origins and philosophy behind India Avenue, the Nifty 50, and India's burgeoning sectors such as pharmaceuticals, IT services, and consumer discretionary. The conversation also explores India's sustainable growth, the impact of Prime Minister Modi's policies, and how to mitigate the volatility in currency and stock investments. For anyone interested in the Indian market, this is a must-watch episode packed with valuable insights and expert analysis.

00:00 Introduction to Pizz-Spectives

00:19 The India Avenue Story

01:30 India's Market and Economy Overview

02:11 India Avenue's Investment Philosophy

03:20 India's Structural Growth and Government Policies

06:49 Sustainability of India's Economic Growth

07:37 Impact of Global Trade and Sector Growth

09:53 Investment Strategy and Sector Focus

19:13 Currency Volatility and Hedging Strategies

20:34 Future Prospects and Exciting Sectors

22:59 How to Learn More About India Avenue

24:09 Conclusion and Final Thoughts

In this episode of Pizz-Spectives, Rob interviews Chad Padowitz from Talaria Global Equity. They discuss Talaria’s strategy of combining capital gains and income for equity income generation, emphasising capital preservation. Chad shares insights on the significant concentration risks in US markets, earnings risk post-peak interest rates, the persistent output gap indicating stubborn inflation, and bond as well as valuation risks. Learn how Talaria maintains high returns and low volatility in these volatile markets, topped up with quarterly distributions. Join for an in-depth analysis of the current economic climate and investment strategies.

00:00 Introduction and Guest Welcome

00:45 Chad Padowitz's Journey into Funds Management

01:33 Overview of Talaria Global Equity

04:14 Concentration Risks in US Markets

09:00 Earnings Risks Post Peak Interest Rates

13:45 Impact of Inflation and Output Gap

16:28 Bond Risks and Market Correlations

19:06 Valuation Concerns and Future Returns

23:00 Talaria's Investment Strategy and Consistent Returns

25:27 Conclusion and Final Thoughts

Income & Capital Growth - Time to Invest in Aust Government Bonds?

In this episode of Pizz-Spectives, Rob Pizzichetta, founder of Mont Wealth, explores why government bonds are becoming an attractive investment. He discusses the macroeconomic environment, the importance of bond yields and prices, and contrasts bonds with equities to determine the best risk-adjusted returns for 2025 and beyond. With inflation moderating and rate hikes ending, Rob explains how short and long-term bonds can offer substantial returns while maintaining low risk. Tune in for insightful analysis on bond investing strategies and market outlooks.

00:00 Introduction to Government Bonds

00:58 Understanding Government Bonds

01:53 Current Market Conditions

03:50 Bond Yields and Prices Explained

04:39 Yield Curve Dynamics

06:21 Comparing Bonds and Equities

07:18 Global Bond Market Insights

08:07 Conclusion and Final Thoughts

Join Rob Pizzichetta, founder of Mont Wealth, as he converses with Craig Woolford, a seasoned research and equity analyst, on understanding retail trends, the economy, and consumer health. Craig shares his journey from CommSec to Citigroup and MST Marquee, insights into retail cycles, the impact of COVID-19, the current challenges faced by retailers and what a good retailer looks like.

Learn about the divergence in retail performance, pressure on margins, and trends in online shopping. Craig also offers valuable advice on what the future retailer looks like.

00:00 Introduction and Guest Welcome

00:31 Craig Woolford's Career Journey

04:45 Insights on Retail Trends

09:14 Impact of Online Retail and Market Dynamics

11:44 Consumer Behavior and Economic Factors

21:20 Advice for Aspiring Retail Entrepreneurs

25:02 MST Marquee and Closing Remarks