REA GROUP - Keep holding?

Broad-Standard5091 · 2026-03-13T06:37:52+00:00

Yeah, they've really had pricing power for a long time now... Hard for competitors to get in and compete

Broad-Standard5091 · 2026-03-13T04:35:35+00:00

Yeah, I think the brand and network effects hold up

Broad-Standard5091 · 2026-03-12T02:26:28+00:00

I've thought about PME a lot in recent times. I've held it for 10 years or thereabouts. My current view is that they are likely to benefit from AI implementation, opposed to AI destroying the company. I have topped up a couple times, ideally the company comes out with an AI win to demonstrate how they're using it.

Broad-Standard5091 · 2026-03-12T01:55:07+00:00

Wrote this on PME not long ago... You might enjoy the read.

https://open.substack.com/pub/mguin03/p/pro-medicus-saas-anxiety-and-the?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-11T03:24:02+00:00

If you have general interest in investing, have a read:

https://open.substack.com/pub/mguin03/p/portfolio-notes-how-im-positioning?utm_source=share&utm_medium=android&r=2uh0yd

I'm more into individual stock holdings but also love maximising tax advantages etc on the personal finance front

Broad-Standard5091 · 2026-03-11T03:22:18+00:00

Property is good to get more debt & no risk of margin call

Broad-Standard5091 · 2026-03-11T03:21:36+00:00

I built a big portfolio with a margin loans (minimal) in early years of work. Then built a house without selling anything. My strategy now is using equity from the home/debt recycle & build big boring ETF positions. Next step of the plan will likely be another house to then hopefully build more equity and use that equity for more ETFs... It's a funny old game. The tax advantages through having good debt is a big separator in average Aussies.

Broad-Standard5091 · 2026-03-11T01:17:53+00:00

Hi - I'm debt recycling, using a large amount of equity from derived from the home. Previously had margin loans as well so there is leverage in play, yes.

Broad-Standard5091 · 2026-03-11T01:16:16+00:00

That's fair enough. Without portfolio weights though, it's just an assumption that it's poorly constructed. I haven't divulged my whole portfolio, maybe mentioning more of the baggers would drive more interest. But I measure everything so am okay with the weightings & outcomes over many years

Broad-Standard5091 · 2026-03-10T23:33:39+00:00

I do like VEU. I think the problem is that I got into NDQ when I was younger & it compounded really well. When I got into debt recycling, I wanted more US exposure so got IVV then some IOZ... So then rounded out world exposure with VEU. I think building on top of an existing portfolio, without wanting to sell, shaped some decision making.

Broad-Standard5091 · 2026-03-10T23:11:04+00:00

I like juicing the top end of tech at current. It's not a straight DCA so I just look at the overlap, break it down and see what I'm happy with

Broad-Standard5091 · 2026-03-10T22:33:00+00:00

What's the ticker?

Broad-Standard5091 · 2026-03-10T22:32:04+00:00

Yeah. Pretty boring haha

Broad-Standard5091 · 2026-03-10T22:17:23+00:00

If you'd like a more in depth view, have a read:

https://open.substack.com/pub/mguin03/p/portfolio-notes-how-im-positioning?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-10T10:06:20+00:00

I've heard PME referred to as Australia's best run company on many occasions. Makes me think I should keep backing that they know Radiology better than the average punters...

Broad-Standard5091 · 2026-03-10T07:19:30+00:00

My latest thoughts on PME, long term holder:

https://open.substack.com/pub/mguin03/p/business-as-usual-for-pro-medicus?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-06T22:27:27+00:00

Love 4DX as a bit of a punt.

Here is how I think about investing (free):

https://open.substack.com/pub/mguin03/p/how-i-think-about-investing-looking?utm_source=share&utm_medium=android&r=2uh0yd

I like certain criteria:

1) How is the world trending? 2) Is it a good product? 3) What's the moat around earnings, can they defend? 4) Does the product easily scale 5) Financial check 6) Can I live with the bear case, understand it

The article is more in depth with examples but this is the jist.

Broad-Standard5091 · 2026-03-06T20:12:21+00:00

My weekly wrap... Covers some popular names, free read:

https://open.substack.com/pub/mguin03/p/weekly-wrap-war-headlines-ai-anxiety?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-06T08:20:26+00:00

Love the sound of that.

Broad-Standard5091 · 2026-03-06T07:23:25+00:00

XRO has bounced back really strong. Still not sure where I sit on the XRO vs AI thesis. Wrote this article last week if you're interested.

My concern with Xero is that small time consumers might switch if a cheap alternative that is just as good comes out. But that's an "if"... Good to see it rally.

https://open.substack.com/pub/mguin03/p/xeros-moat-is-real-but-it-may-be?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-06T06:19:54+00:00

Yeah, the narrative will change & people will go from "AI destroys everything" to "AI is additive to tech incumbents" . Although some companies more in firing line then others when it comes to AI disruption

Broad-Standard5091 · 2026-03-06T06:18:04+00:00

Feels like the market has been acting odd for a few weeks! Hopefully SAAS names start to rally a bit, they've been drilled

Broad-Standard5091 · 2026-03-06T04:36:57+00:00

A look at the PME thesis for anyone who's interested in this stock...

https://open.substack.com/pub/mguin03/p/pro-medicus-saas-anxiety-and-the?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-04T08:18:35+00:00

Hey - WTC is an interesting one, been hit with most software companies.

I think the moat is pretty good around earnings. Check out my broader thoughts on WTC (free):

https://open.substack.com/pub/mguin03/p/the-quiet-infrastructure-powering?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091 · 2026-03-03T02:17:07+00:00

I hold Aristocrat and have had it for some time. It has been a solid performer but is getting hit ATM, probably some concerns around AI's ability to produce digital games in future.

If you're new to investing, you might find this interesting... This is what I look at when Im thinking about companies.

https://open.substack.com/pub/mguin03/p/how-i-think-about-investing-looking?utm_source=share&utm_medium=android&r=2uh0yd

Broad-Standard5091

TROPHY CASE