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January 4, 2011 - Vol 5 Issue 1
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 Building a Better Income Portfolio
By Geoff Considine
One of the greatest concerns for income-oriented investors is the possibility that dividends will be cut. The financial crisis showed that traditional metrics, such as a stock's dividend history and its payout ratio, failed to warn investors of impending dividend cuts. By evaluating stocks based on volatility, however, investors can select securities that are more likely to maintain or improve their dividend rates.
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Your First Resolution for 2011: A Better Alternative to Face-to-Face Meetings
By Dan Richards
In 2011 you need to rethink your approach to client meetings. For larger clients who you meet with regularly, you should consider replacing some of those face-to-face meetings with structured phone meetings.
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The Coming Decade of Sideways Markets
By Robert Huebscher 'We are in the middle of a sideways market, and we still have another decade to go,' says Vitality Katsenelson. In this interview, Katsenelson shares his insights on the decade ahead and the many factors that may keep China from leading us out of the recession.
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Five Ways to Shape Up Your Marketing in 2011
By Kristen Luke January is the natural time for identifying areas neglected over the past few months (or years) and making plans to remedy these failings. As you create your list of New Year's Resolutions, here are five things you can do to shape up your marketing this year.
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The Wondrous Value of Incompetence
By Justin Locke Ignorance and incompetence are underappreciated. There may be a lot to say for training, knowledge, and expertise, but with so much emphasis being placed on acquiring more and more knowledge (especially by those in the knowledge-peddling business) a dose of ignorance these days can offer incredible value.
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Improving on Buy-and-Hold: Stock and Bond Market Updates
By Georg Vrba I have updated the model described in my article Improving on Buy and Hold: Asset Allocation using Economic Indicators. The ECRI U.S. Weekly Leading Index and its annualized growth rate, published on December 31, 2010, together with the most recent values of the other indicators used, have been incorporated in the model.
I have updated the model described in my article, Seeking Beta in the Bond Market: A Math-driven Investment Strategy for Higher Returns, which appeared on November 23, 2010. A lower switch point was generated on 12/17/2010.
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Letters to the Editor
By Various A reader responds to our article, Debunking Ken Fisher, which appeared two weeks ago. Another reader responds to the article, Return Distributions and the Shiller P/E Ratio, by Keith C. Goddard, which originally appeared on February 2, 2010.
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Highlights from Market Commentaries
Below are the three most widely read commentaries during the last week:  A Fed-Induced Speculative Blowoff
Why are Treasury yields rising despite hundreds of billions of Treasury purchases by the Federal Reserve? There are two possibilities in the current debate. One is that the Fed's policy of purchasing Treasuries has scared the willies out of the bond market on fears of higher inflation, and that the policy is a failure. The other is that the policy has been such a success at boosting the prospects for economic growth that interest rates are rising on anticipation of a better economy. From our standpoint, neither of these explanations hold much water. A Fed-Induced Speculative Blowoff by John P. Hussman of Hussman Funds  Lessons
Lessons, I've learned a few over my 40 years in this business: A fool and his money are soon parted. There is no free lunch. Don't put all your eggs in one basket. Spend interest, never principal. You cannot eat relative performance. Don't be afraid to take a loss. Watch out for fads. Act. Take the long view. Remember the value of common sense. Lessons by Jeffrey Saut of Raymond James Emerging Markets in 2011 - Strong Economies, Rising Prices I believe emerging markets are now in a secular bull market, and as discussed below, I expect this trend to continue into 2011. Even more money is likely to be directed into these markets as investors around the world realize that emerging economies on average are growing three times faster than developed economies, and generally have more foreign reserves and lower debt-to-GDP ratios than their developed counterparts. Emerging Markets in 2011 - Strong Economies, Rising Prices by Mark Mobius of Franklin Templeton | |
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