Do Your Own Research

Insightful analyst, fund manager and accountant lan Robertson shares his tips to help investors understand what questions to ask when making investment decisions.

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July 31, 2023

Introducing DYOR – Do Your Own Research

It may seem odd that a company that is writing reports on listed companies would start a blog called Do Your Own Research. But we think it is entirely consistent with what we and our clients are trying to achieve. Investment research is not supposed to be the end point of a journey towards making an investment decision.

Our goal is to explain the companies, their markets, their competition, risks, opportunities et cetera and to provide the fundamental building blocks of knowledge and understanding to make an informed decision having undertaken some further research.  What exact form that research takes will vary from company to company and from investor to investor.

With DYOR we are going to try to help investors with those further steps, considering some of the ways that professional small and mid-cap investors make their investment decisions and how to use some of the resources available to everyone.

This is not, however, going to be a guide to how to construct a small and mid-cap portfolio in the way professionals do. Fund managers have far more time to spend on their portfolios than private investors, but they typically have far less time available per stock.  They also have the relative performance monkey on their back.

Having more time available to consider the company means that private investors can possibly avoid the potholes that institutional investors are often lured into, as well as gain greater insight into the drivers that are going to push the company forward beyond the analysts’ three-year forecast period.

We have started the process with ‘Discounted Cashflow (DCF)’ and hope to build out the resource over coming months.

Ian Robertson


This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.

Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

Any prices quoted in our research are as at the previous day’s close.