Ask any ASX investor who are their go-to investing experts, and you will likely hear the same names pop up time and time again: Warren Buffett, Peter Lynch and Ray Dalio.

There’s no doubt all three of these investing experts have carved out hugely successful careers in investing. But each has done so in their own unique and distinctive way.

Often, the teachings of these experts will contradict each other. It can make following them a little confusing at times. So how does one manage to tread a path between these fonts of wisdom?

There’s no right answer with investing

The key thing to remember when it comes to investing is that there is no ‘right way’ to go about it. You can be a very successful growth investor, value investor or even speculator (although we Fools think this is more about luck than anything else).

Investing is also about finding the best practice that works for you.

Take Warren Buffett.

Buffett is known as the king of value investing because of his love of buying top-notch companies when they’re temporarily out of favour, or as he once put it “on the operating table”. Buffett only sticks to stocks and regularly disparages other assets like gold and bonds.

Peter Lynch was also a stock picker. He managed his phenomenal track record by uncovering growth companies that others hadn’t come across yet.

Lynch didn’t so much evaluate a company’s past to determine its future value (like Buffett), but rather whether people on the street were talking about it or using its products. In this way, he was able to find a winner and stick with it until the market eventually cottoned on too.

But hedge-fund titan Ray Dalio takes a very different approach to investing.

Dalio is a student of history and economics and loves using different asset classes like gold, bonds and shares to balance risk. He was able to do this so successfully (including through the GFC) that his hedge fund Bridgewater Associates is now the largest in the world.

How to learn from the investing experts

None of these investing experts have similar modus operandi, yet all have achieved resounding success with their investing.

The best way to draw inspiration from them is to first work out which kind of investor you’d like to be. Then you can better determine which of the investing legends’ lessons you can apply to help hone your investing skills.

If you’re a value investor, you could draw mostly from Buffett, maybe looking at beaten-down blue-chips like Coca-Cola Amatil Ltd (ASX: CCL).

But you’d also benefit from how Peter Lynch discovers a future winner, perhaps by looking at retail success stories like Premier Investments Limited (ASX: PMV).

If you like the kind of macro-investing Dalio favours, you can draw from him by investing in alternative asset classes to balance risk. Dalio likes asset ETFs like the ETFS Physical Gold ETF (ASX: GOLD) for example.

Meanwhile, you could also appreciate how Buffett waits for a great price to pay for a company Peter Lynch might have loved. You can always ‘cross-reference’.

Investing greatness isn’t mutually exclusive. There’s nothing stopping you from drawing inspiration from as many investing greats as you can find!

More reading

• 5 ASX 200 dividend shares for an economic recovery
• 3 industries that may never recover from COVID-19
• How this $70m ASX small cap is cutting down a $50bn industry
• Broker tips 10 ASX 200 shares for a post-coronavirus recovery
• Why I think Premier Investments is the best retail share on the ASX

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Buffett? Lynch? Here are the investing experts you should take advice from when buying ASX shares appeared first on Motley Fool Australia.

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It has been an eventful day for the S&P/ASX 200 Index (ASX: XJO). After sinking lower in early trade, the benchmark index is trading roughly flat at 5,557.6 points at the time of writing.

Four shares that have not let that hold them back are listed below. Here’s why they are storming higher:

The ALS Ltd (ASX: ALQ) share price is up almost 5% to $6.92. This appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has upgraded the testing services company’s shares to an outperform rating with an $8.00 price target. It made the move ahead of its results release next week.

The Clover Corporation Limited (ASX: CLV) share price has jumped 12% to $2.51. Investors have been buying the infant formula ingredients company’s shares following the release of a positive trading update. Clover revealed that it has recently experienced a surge in demand and expects this to continue in the fourth quarter. Strong sales of infant formula products during the pandemic is driving the demand for ingredients.

The Computershare Limited (ASX: CPU) share price is up 4% to $12.66. This follows the release of an update by the share registry company after the market close on Tuesday. Computershare revealed that the majority of its businesses are operating resiliently during the pandemic. As such, it has reaffirmed its management earnings per share guidance of a 20% decline in FY 2020.

The EML Payments Ltd (ASX: EML) share price has rocketed 15% higher to $3.78. This morning the payments company released an update for the third quarter and April. Although it has been facing large headwinds, revenue and EBITDA were up 20% and 24% financial year to date at the end of March. The company also revealed that it made an operating profit during the month of April.

More reading

• ASX 200 down 0.2%: Big four banks lower and TPG announces demerger plans
• Why this ASX infant formula share is surging 14% higher today
• Why the EML Payments share price is rocketing over 12% higher today
• 5 things to watch on the ASX 200 on Wednesday
• 3 Warren Buffett ASX dividend shares to buy right now

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Clover Limited and Emerchants Limited. The Motley Fool Australia has recommended Emerchants Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why ALS, Clover, Computershare, & EML Payments shares are storming higher appeared first on Motley Fool Australia.

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The Alliance Aviation Services Ltd (ASX: AQZ) share price soared as much as 30.23% higher this morning on the back of a trading update. The company provided further insight into how the business is tracking in the wake of COVID-19 and re-established its FY20 earnings guidance.

About Alliance Aviation Services

Alliance provides contract, charter and allied aviation services across Australia to mining, energy, tourism and government sectors.

Its customer base includes S&P/ASX 200 Index (ASX: XJO) names like South32 Ltd (ASX: S32) and BHP Group Ltd (ASX: BHP).

The company owns a fleet of around 40 aircraft and completed 19,710 flying hours in the first half of FY20. 

What did Alliance announce?

This morning, Alliance revealed it has experienced a significant increase in demand for charter flights and expects to deliver its strongest charter revenue result in many years. The company attributed this uptick in demand to a combination of social distancing and a lack of available scheduled flights by other operators.

As a result, Alliance has welcomed a significant number of new resources sector clients and expects this level of charter revenue to continue through FY21.

Although travel restrictions have impacted inbound tourism contract revenue, Alliance has been able to capitalise on additional demand for flights in the resources sector. Implementing measures such as health screening of passengers, temperature checks, and specific seating plans, the company has actually increased its flight schedules of contracted clients.

In terms of its wet leasing division, Alliance has an agreement in place with Virgin Australia Holdings Ltd (ASX: VAH) to provide aircraft and crew and operate services on Virgin’s behalf. As Virgin is still in voluntary administration, this agreement remains suspended. Alliance noted it is not expecting any wet leasing activity for the remainder of FY20 and anticipates limited demand for these services in FY21.

FY20 outlook

By way of a trading update on 20 March 2020, Alliance outlined the impact of COVID-19 on its operations at the time and accordingly, suspended FY20 earnings guidance.

According to the company, now that the impact of COVID-19 has somewhat stabilised, it is in a position to provide earnings guidance for FY20. Alliance now expects to report full-year profit before tax in excess of $40 million. At the very least, a result of $40 million would represent 22% growth on the $32.8 million achieved in FY19.

More reading

• Why investing in these COVID-19 stricken ASX shares won’t be the same again for a very long time
• ASX 200 climbs 1% in positive start to the week
• Virgin narrows its shortlist down to 4 suitors
• 5 ASX 200 winners and 5 losers of the week
• Why Beach, CBA, Qantas, & Xero shares are dropping lower

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Small-cap ASX aviation share soars 30% higher as it re-establishes earnings guidance appeared first on Motley Fool Australia.

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