While often difficult, investing rules can help us maintain our focus and investment discipline in volatile or uncertain markets. This year, such has certainly been the case with surging interest rates, expectations of a recession, and geopolitical conflicts in two countries. In times like this, it is easy for us to imagine the worst of […]
Financial advisors get a bad rap. Some deserve it; most don't. The problem for the financial advisory community stems from the "career risk" they face.
The “pain trade” continues to be higher into year-end. We made Such a point in January, suggesting the 2022 “correction” was complete. Let’s review what I wrote, and then we will expand on why we believe the “pain trade” is higher over the next few weeks. “From the bullish side of the ledger, the outlook for 2023 has statistical […]
Financial advisors get a bad rap. Some deserve it; most don't. The problem for the financial advisory community stems from the "career risk" they face.
Treasury yield levels are overwhelmingly a function of inflation. However, in the short run, a plethora of influences can explain deviations between yields and inflation. These factors, which we call noise, are significant for short-term traders but can hide tremendous opportunities for long-term investors. As we witness, bond market noise can be deafening. The horror-ridden […]
Despite the largest bull market in history, 80% of Americans still struggle with their finances and are unprepared for retirement. Such a reality is a stark difference from the belief that rising asset prices benefit the masses. **** New Report for update https://collabfund.com/blog/its-supposed-to-be-hard/ https://www.cnbc.com/2022/08/29/fewer-americans-live-paycheck-to-paycheck-as-inflation-starts-to-ease.html https://www.marketwatch.com/story/heres-how-much-the-average-working-boomer-has-saved-for-retirement-11655923201 A year after the Covid-19 pandemic struck the U.S. economy […]
Bond valuations are cheap. Psychology in markets is always fascinating. In February 2009, I wrote “8 Reasons For A Bull Market.” While in hindsight, it is easy to see that was the right call, overall, psychology was highly negative at the time. The arguments for lower stock prices and a continued economic recession were rampant. […]
While bond yields have risen sharply lately, fund flows into bonds tell two very different stories. We have previously written much on the recent rise in bond yields related to economic growth, event risks, and recessions. To wit: “Since rates and expectations must adjust for the potential future impact on the current value of invested […]
Poker, and gambling, can teach us to be better investors. I often use “poker” when discussing risk management. Such is because the rise of online trading, free commissions, and social media “gurus” turned the stock market into a “get rich quick” casino equivalent. Just recently, Kim Iskyan via American Consequences discussed this very idea of […]