by Larry Swedroe
Bond ladders are frequently criticized in the financial media and even among some professional advisors (who are often able to use only bond mutual funds or ETFs). But there are many advantages of owning them.
by Bob Veres
Advisory firms face a daunting challenge as they prepare themselves for the latest version of the future. They will have to retool their service offering for a new generation of clients (aka Millennials), who have very different preferences, different advice needs and far more digital sophistication than your Baby Boomer clients ever had.
by Dan Solin
It's time for me to confess to an uncomfortable reality: I am the victim of "introduction abuse." Too often, my presentations are undermined before I say the first word.
by Dan Richards
Ask successful advisors where they add the most value and most answers will revolve around financial outcomes – developing the right financial plan, improving returns through diversification, lowering taxes and managing risk. But a recent conversation with a successful advisor showed that advisors need a broader definition of their purpose.
by Robert Huebscher
The Evermore Global Value Fund (EVGIX) has a five-year annualized return of 8.14%, versus 4.62% for its benchmark, the MSCI All Country World ex-US index (ACWI ex-US). I spoke with David Marcus, the founder of the firm, on August 12.
by Marianne Brunet
The top conversations on APViewpoint last week were started by Michael Edesess, Beverly Flaxington and Dan Solin, and included comments from Forbes and CNBC contributor Carolyn McClanahan. They generated thoughtful discussions on: the academic failure to understand rebalancing; the hidden cues that unlock better client communications; and how female advisors should dress to win clients.
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by Beverly Flaxington
We work with retirees, single women, business owners, multi-generational families and others. None of these groups could be characterized as a niche. Why do we need a niche?
by Michael Edesess
Perhaps the most universally accepted investing principle is to periodically rebalance one’s portfolio. Advisors have been drilled that rebalancing results in some combination of improved performance and reduced risk. Unfortunately, this precept is the byproduct of imperfect mathematics; the benefits of rebalancing are far smaller than what advisors have come to believe.
by Dan Solin
When presenting to prospects, advisors routinely describe the history of their firm, provide impressive background information and go into detail about their investment philosophy. Unfortunately, this emphasis on factual information is misguided.
by Roger Nusbaum of AdvisorShares
Barron’s had an article about alternative strategies over the weekend that attempted to sort out whether the traditional mutual fund wrapper might be better than the ETF wrapper for this segment.
by Pablo Echavarria of Thornburg Investment Management
India’s tax reform could create a nice tailwind for the country’s economy, companies and investors for years to come.
by Amit Kapoor of Loomis Sayles
Whether watching television, shopping or driving in the car, today’s consumers want to control exactly when, where and how they receive content, information, goods and services. These three themes capitalize on this long-term, secular trend.
by Mihir Worah, Geraldine Sundstrom of PIMCO
As the year progresses, markets are displaying a strange dichotomy. Thirty percent of sovereign debt globally now offers negative yields, suggesting investors are increasingly focused on certainty and capital preservation even as several major central banks seek to stimulate growth and risk-taking.
by Eric Bush of GaveKal Capital
Next twelve months (NTM) earnings and sales growth estimates in the developed world have been modestly improving throughout the year.
by Burt White of LPL Financial
Election years have historically been good for stocks, and this year has been no different, although with less volatility than we would expect during the summer of an election year.
by Lance Roberts of Real Investment Advice
Yesterday, we got the release of the minutes from the FOMC meeting in July. Not surprisingly, we see a Fed just as confused as ever as to what monetary policy actions should be taken.
by Chuck Carnevale of F.A.S.T. Graphs
As a value investor, I must admit to being very frustrated with the valuations I’m seeing on high-quality blue-chip dividend growth stocks. I have been vigorously searching for fairly valued dividend growth stocks to invest in.
by Gary Halbert of Halbert Wealth Management
The Labor Department reported earlier this month that US worker productivity, which measures hourly worker output, declined for the third consecutive quarter at the end of June, the worst showing since the late 1970s.
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This morning's release of the July Existing-Home Sales decreased from the previous month to a seasonally adjusted annual rate of 5.39 million units from 5.57 million in June. The Investing.com consensus was for 5.51 million. The latest number represents a 3.2% decrease from the previous month and a 1.6% decrease year-over-year.
The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. U.S. house prices rose slightly in June, up 0.2 percent on a seasonally adjusted basis from the previous month. Year-over-year the index is up 5.6% (nonseasonally adjusted).
The S&P 500 rallied at the open and hit its 0.49% intraday high about 30 minutes into the session. It then slowly sold off to a narrow trading range after the lunch hour and then sold off to its 0.20% closing gain in the close vicinity of its intraday low. The mixed spurt of economic news at 10 AM, strong New Home Sales and weak Richmond Fed Manufacturing didn't seem to be much of a factor in today's trade. The general view among the pundits is that the market mavens (who aren't on vacation) are awaiting the Friday flavor of Fed Chair Yellen's speech at Jackson Hole.
The Department of Energy's Energy Information Administration (EIA) monthly data on volume sales is several weeks old when it released. The latest numbers, through mid-June, are now available. However, despite the lag, this report offers an interesting perspective on fascinating aspects of the US economy. Gasoline prices and increases in fuel efficiency are important factors, but there are also some significant demographic and cultural dynamics in this data series.
This morning's release of the July New Home Sales from the Census Bureau came in at 654K, up 12.4% month-over-month from a revised 582K in June. Seasonally adjusted estimates for April and May were revised. The Investing.com forecast was for 580K.
Today the Richmond Fed Manufacturing Composite Index dropped 21 points to -11 from last month's 10. Investing.com had forecast 6. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at -3.5, indicates contraction.
The preliminary August US Manufacturing Purchasing Managers' Index conducted by Markit came in at 52.1, down from the 52.9 July final. Today's headline number came in below the Investing.com consensus of 52.7. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.