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Results 751–800 of 877 found.

Retirees May Have A Spend Down Problem
by Lance Roberts of Real Investment Advice, 7/12/16
A couple of week’s ago I discussed the importance of understanding the difference between compounded annualized returns and real annualized returns.

Here Is Why You Shouldn’t Benchmark Your Portfolio
by Lance Roberts of Real Investment Advice, 7/5/16
When markets begin to decline, particularly after extremely long periods of advances, there is a rush by the media and financial bloggers to proclaim “patience.” These claims are generally accompanied by advice to just “hold on” to investments and ride out the volatility over the long-term. After all, the index always rises, right?

Soros: Rudimentary Theory Of Bubbles
by Lance Roberts of Real Investment Advice, 6/20/16
Of the last few weeks, I have touched on the impact of valuations and forward returns. However, it is not just valuations that are an issue, but also the surge in corporate debt, balance sheet leverage combined with declining profitability which is a result of weak economic growth. All in all, such a combination of factors have historically been associated with “bear markets” in equities.

Why The Next Decade Will Foil Financial Plans
by Lance Roberts of Real Investment Advice, 6/13/16
This morning I received a “financial plan” from an individual wanting me to review it with respect to his personal retirement goals. The plan was generated by one of the many “off the shelf” software packages that takes all the inputs of income, assets, pensions, social security, etc., and then spits out assumptions of future asset values and drawdowns in retirement. The problem is that the return assumptions were grossly flawed.

Dalbar, 2016: Yes, You Still Suck At Investing (Tips For Advisors)
by Lance Roberts of Real Investment Advice, 6/7/16
A couple of years ago I wrote an article discussing Dalbar’s annual Quantitative Analysis Of Investor Behavior study. The study showed just how poorly investors perform relative to market benchmarks over time and the reasons for that underperformance.

Technically Speaking: What Has The Fed Wrought
by Lance Roberts of Real Investment Advice, 5/31/16
Given the markets were closed on Monday, the analysis from this past weekend’s missive did not change.

Rosengren Likely Mistaken About Hiking Rates
by Lance Roberts of Real Investment Advice, 5/24/16
Over the weekend, Sam Fleming with the Financial Times interviewed Boston Fed President Eric Rosengren about why the Fed is likely to tighten monetary policy sooner rather than later.

Economy In Pictures: Weakness Continues
by Lance Roberts of Real Investment Advice, 5/17/16
As we begin to wrap up the 2nd quarter of the year, I thought it was time to revisit the economy as the backdrop against expectations for stronger economic growth, rising inflationary pressures and an increase in interest rates and expectations.

3 Things: Explaining The Consumption-Disfunction
by Lance Roberts of Real Investment Advice, 5/13/16
Since 2009, mainstream economists, the media, and the Fed have continued to prognosticate a resurgence of economic growth. Yet each year, as shown in the chart of Fed forecasts below, such predictions have repeatedly overstated reality.

Technically Speaking: Importance Of Duration Matching
by Lance Roberts of Real Investment Advice, 5/10/16
I am going to take a little deviation from the normal “technical update” to discuss an issue that is very important, and always overlooked, by mainstream analysis – “duration.”

Why $19 Trillion In Debt IS A Problem
by Lance Roberts of Real Investment Advice, 5/3/16
According to the World Economic Forum, the United States has achieved a new TOP 10 ranking. Tell us what we’ve won Bob.

Technically Speaking: Time To Sell Oil/Energy?
by Lance Roberts of Real Investment Advice, 4/27/16
Over the last several weeks, in both the daily blog and weekly newsletter, I have been laying out the technical case for a breakout above the downtrend. As I stated, while such a breakout would demand a subsequent increase in equity risk in portfolios, I didn’t like it.

The Great American Economic Growth Myth
by Lance Roberts of Real Investment Advice, 4/19/16
Since the end of the financial crisis, economists, analysts, and the Federal Reserve have continued to predict a return to higher levels of economic growth. As I showed in my discussion of the Fed’s forecasts, these predictions have continued to fall short of reality.

Technically Speaking: Bull Versus Bear Case
by Lance Roberts of Real Investment Advice, 4/12/16
As the trumpets sound to signal the start of earnings season, the battle between fundamentals and “hope” begins. Despite weakening earnings, which on an as reported basis are far worse than the rather manipulated “operating” levels currently suggest, the bulls have remained steadfast in their belief that prices are on a one-way trip higher.

Is Trump’s “Recession Warning” Really All Wrong?
by Lance Roberts of Real Investment Advice, 4/5/16
Over the weekend, Donald Trump, in an interview with the Washington Post, stated that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market.

3 Things: Fed Levitation, Employment, Savings Rate
by Lance Roberts of Real Investment Advice, 3/31/16
What is going on at the Federal Reserve? On Tuesday, Janet Yellen comes out and announces that despite inflation being on the rise and employment below 5%, she is not going to raise the Fed Funds rate 4-times this year, nor even two times this year, but rather most likely none. Of course, this “one and done” scenario is what I suggested back in December following the first rate hike given the ongoing deterioration in the underlying economic backdrop.

7-Deadly Investing Sins
by Lance Roberts of Real Investment Advice, 3/21/16
If you were raised in a religious household, or were sent to a Catholic school, you have heard of the seven deadly sins. These transgressions — wrath, greed, sloth, pride, lust, envy, and gluttony — are human tendencies that, if not overcome, can lead to other sins and a path straight to the netherworld. In the investing world, these same seven deadly sins apply. These “behaviors,” just like in life, lead to poor investing outcomes. Therefore, to be a better investor, we must recognize these “moral transgressions” and learn how to overcome them.

The Chart Every 25-Year-Old Should Ignore
by Lance Roberts of Real Investment Advice, 3/15/16
There are two primary reasons Millennials aren’t saving like they should. The first is the lack of money to save, the second is the lack of trust in Wall Street. A recent post from JP Morgan, via Andy Kiersz, got me to thinking on this issue.

Analyzing Earnings As Of Q4 2015
by Lance Roberts of Real Investment Advice, 3/7/16
With the 97.8% of fourth quarter earnings reports for the S&P 500 now in, I can update my quarterly analysis of earnings and estimate trends through the 4th quarter of 2015.

Buffett’s Fallacy – 2% Growth & Future Prosperity
by Lance Roberts of Real Investment Advice, 2/29/16
Warren Buffett, in his latest annual letter to shareholders, took aim at the idea that 2% real economic growth wasn’t sufficient to create economic prosperity for future generations was wrong.

Debt vs Growth: Correlation or Causation
by Lance Roberts of Real Investment Advice, 2/24/16
Recently, my article on weak economic underpinnings led to an interesting exchange, via Twitter, with Steve Chapman regarding debt and the impact on economic growth.

Common Mistakes Most Investors Make
by Lance Roberts of Real Investment Advice, 2/16/16
Individuals are consistently promised that investing in the financial markets is the only way to financial success. After all, it’s so easy. Financial pundits across the country state the one simply buys a basket of mutual funds and they will make 8, 10 or 12% a year.

Technically Speaking: Psychology Of Loss
by Lance Roberts of Real Investment Advice, 2/11/16
In this past weekend’s newsletter, I discussed the formation of a very important “head and shoulders” topping pattern in the market. I know…I know. As soon as I wrote that I could almost hear the cries of the “perma-bull” crowd exclaiming “how many times have we heard that before.” They would be right. The problem with the majority of technical analysis, in my opinion, is that time frames are too short for most investors. When looking at technical price patterns using daily data, there have been numerous occasions where analysts have spotted “Head and Shoulder” patterns,

Rally Fails, Alerts Rise
by Lance Roberts of Real Investment Advice, 2/8/16
Last week, I discussed the boost the market received as the BOJ made an unexpected move into negative interest rate territory combined with end of the month buying by portfolio managers.

Why You Should Question “Buy And Hold” Advice
by Lance Roberts of Real Investment Advice, 1/26/16
I recently received an email from an individual that contained the following bit of portfolio advice from a major financial institution: “Despite the tumble to begin this year, investors should not panic. Over the long-term course of the markets, investors who have remained patient have been rewarded. Since 1900, the average return to investors has been almost 10% annually…our advice is to remain invested, avoid making drastic movements in your portfolio, and ignore the volatility.”

Technically Speaking: Managing A Trend Change
by Lance Roberts of Real Investment Advice, 1/14/16
In last weekend’s newsletter I discussed the ongoing topping process and the issuance of all three “sell signals,” which only occur at major market peaks.

7-Investment Lessons From Mom
by Lance Roberts of Real Investment Advice, 12/28/15
When I was growing up my mother had a saying, or an answer, for just about everything…as do most mothers. Every answer to the question “Why?” was immediately met with the most intellectual of answers; “…because I said so”. Seriously, my mother was a resource of knowledge that has served me well over the years and it wasn’t until late in life that I realized that she had taught me the basic principles to staying safe in the world of financial investments.

5 Investing Myths That Will Hurt You
by Lance Roberts of Real Investment Advice, 12/22/15
In the summer of 1885 William R. Travers, prominent NYC businessman and builder of Saratoga Race Track, was vacationing in Newport, Rhode Island. He pointed out a long line of beautiful yachts tied up in the harbor. When he was informed that they all belonged to Wall Street brokers he simply asked, “Where are their clients’ yachts?”.

The Important Role Of Recessions
by Lance Roberts of Real Investment Advice, 12/17/15
My friend and colleague, Michael Lebowitz of 720 Global Research, recently penned a response to Larry Summers commentary on the economy’s weakened ability to withstand higher interest rates.

3 Charts The Fed Should Consider
by Lance Roberts of Real Investment Advice, 12/15/15
This week, the Fed will meet to decide the “fate of the universe,” as they are highly anticipated to announce the first rate hike in a decade. This is a momentous occasion as it marks the end of the “ultra-accommodative” monetary policy that has been the primary driver behind asset prices since the end of the financial crisis.

Benchmarking Is A Losing Bet
by Lance Roberts of Streettalk Live, 12/2/15
Sam Ro, via Business Insider, wrote a very interesting piece last week discussing the "roller-coaster ride stock market investors must be willing to endure."

Technically Speaking: The Real Value Of Cash
by Lance Roberts of Streettalk Live, 11/25/15
With the "inmates running the asylum" during a holiday-shortened trading week, the upward bias to the market is set to continue.

3 Things: Retail-Less, Buybacks, EBITDA
by Lance Roberts of Streettalk Live, 11/18/15
The perennial hopes of a strong retail shopping season are once again upon us. As always, the National Retail Federation (NRF) is kicking of the season with their always cheerful holiday forecast.

Technically Speaking: Short-Term Bull Or Bearish Top
by Lance Roberts of Streettalk Live, 11/11/15
Over the last couple of weeks, I have discussed the entrance of the markets into the seasonally strong period of the year and the potential to increase equity exposure in portfolios on a "short-term" basis.

6 Reasons To Be Bullish (or Not) On Stocks
by Lance Roberts of Streettalk Live, 11/3/15
In between inspecting my kids candy cache for "safety reasons," which is parent code for eating the Snickers bars, I read an interesting piece by Simon Constable via U.S. News.

The Inherent Problem Of Eternal Bullishness
by Lance Roberts of Streettalk Live, 10/28/15
This past weekend, Akin Oyedele penned an article via Business Insider entitled "I went to a seminar with one of the world's largest banks and almost everything said there was really bearish." Akin seems genuinely shocked the data suggests economic growth may not be on the cusp of surging and stocks might fail to deliver double-digit returns. However, since I was long ago excised by the media for allowing the "data to speak," let me clarify, for both you and Akin, why HSBC is likely correct in their analysis.

4 Warnings And Why You Should Pay Attention
by Lance Roberts of Streettalk Live, 10/13/15
When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn't until much later in life that I learned that such knowledge did not come from books, but through experience.

Technically Speaking: The Real Correction Is Still Coming
by Lance Roberts of Streettalk Live, 10/8/15
In last week's update, I discussed the short-term oversold condition that existed at that time. To wit: "As you will notice, the reflexive rally, and subsequent failure, have tracked the original predictions very closely up to the point. With the market once again very oversold on a short-term basis, it is likely that the markets could manage a weak rally attempt over the next few days."

The 80/20 Rule Is Crushing The Economy
by Lance Roberts of Streettalk Live, 10/2/15
In business, the 80/20 rule states that 80% of your business will come from 20% of your customers. In an economy that is more than 2/3rds driven by consumption, such an imbalance of the "have" and "have not's" impedes real economic growth.

Technically Speaking: DeJa Vu All Over Again
by Lance Roberts of Streettalk Live, 9/16/15
In yesterday's missive "It All Comes Down To This," I discussed the upcoming Federal Reserve meeting and the expectation that the Fed once again delays hiking rates due to global economic and market weakness. With markets oversold on a short-term basis combined with a spike in volatility and bearish sentiment, a "punt" by the FOMC will likely spark a short-term rally in the market. Such an outcome would NOT be surprising by any means since the market has rallied the week of an FOMC "no hike" meeting since 2013.

Technically Speaking: A Sucker's Rally?
by Lance Roberts of Streettalk Live, 9/9/15
In last week's technical review "The Mark Of A Bear," I stated: "The Bulls have remained firmly in charge of the markets as the reach for returns exceeded the grasp of the underlying risk. It now seems that has changed. For the first time since 2007, as we see initial markings of a potential bear market cycle." The problem in stating that we MAY be seeing the initial markings of a potential bear market cycle is that individuals assume this means the markets will crash immediately. When such an outcome does not occur, the analysis is presumed wrong.

Why This Time Could Be Different
by Lance Roberts of Streettalk Live, 8/28/15
In yesterday's post, I discussed the current correction within the context of previous "bull market" corrections. Specifically, the corrections in 1987, 1998, 2010 and 2011. However, today, I want to look at the current correction in the context of previous starts to "bear markets" and subsequent recessions.

All Bubbles Are Different
by Lance Roberts of Streettalk Live, 8/20/15
If stock market bubbles are driven by speculation, greed, and emotional biases – the valuations and fundamentals are simply a reflection of those emotions. In other words, bubbles can exist even at times when valuations and fundamentals might argue otherwise.

Technically Speaking: The Bull/Bear Conundrum
by Lance Roberts of Streettalk Live, 8/19/15
In March of this year, I wrote an article entitled "Think Like A Bear, Invest Like A Bull" in which I discussed the importance of not letting personal emotional biases derail your investment strategy and discipline.

3 Things: Freight, Deflation, No Hike
by Lance Roberts of Streettalk Live, 8/13/15
We often look at broad measures of the economy to determine its current state. However, we can often receive clues about where the economy may be headed by looking at data that feeds into the broader measures. Exports, imports, wage growth, commodity prices, etc. all have very important ties to the health of the consumer which is critical to an economy that is nearly 70% driven by their consumption.

3 Warnings For Market Bulls
by Lance Roberts of Streettalk Live, 8/6/15
3 Things: Major strategist sees bull market coming to an end in 4-6 months, Tom McClellan sends a warning and M&A activity is sounding an alarm.

When Will We Ever Learn?
by Lance Roberts of Streettalk Live, 7/28/15
Life is full of irony. When I was in school, I hated history. It was boring. It was pointless. How was reading about a bunch of dead people ever going to be useful in life? Today, I consume everything I can find on history. Particularly, financial history. Ironic.

Who's Right - Commodities Or Fed?
by Lance Roberts of Streettalk Live, 7/22/15
I have been suggesting for quite some time that the Federal Reserve is stuck in a "liquidity trap" which makes it very difficult for monetary policy to be effective. More importantly, beginning in January of this year, I have suggested that the Fed is being forced to choose between the "lesser of two evils."

China Reveals The Perils Of Leverage
by Lance Roberts of Streettalk Live, 7/9/15
I have, on more than one occasion, discussed the surging levels of margin debt in the U.S. markets. These discussions were met by opposing points of view suggesting that margin debt doesn't matter.

Predicting The Future Is Difficult
by Lance Roberts of Streettalk Live, 7/7/15
Predictions of the future are indeed very difficult, and yet individuals are challenged every day with doing precisely that. For traders, it is what the market, or a particular investment, will do in the next few minutes to days. For longer-term investors, those predictions move out to months or years.
Results 751–800 of 877 found.