“What does a yellow light mean? Slow down!
John Paul Lech, Lead Manager of the Matthews Emerging Markets Equity Fund, explains the potential value that unique real estate equities can offer emerging market-growth portfolios.
This article explores the benefits of annuities with lower explicit fees, a category I dubbed as “annuities Lite” in a previous article that focused on GLWBs.
The euro hasn’t been this cheap against the dollar for almost two decades, but it can get cheaper still. The tail risk of Russian gas and oil being suddenly shut off, most likely plunging the European continent into a sharp recession, is too unpredictable for investors to confidently bet on a rebound any time soon.
U.S. stocks are trading lower as another week begins on the heels of six-straight weekly losses for the S&P 500.
The Strategic Investment Conference wrapped up this week with another wave of strong, fascinating speakers and panels. Today I have more to share and, as you’ll see, the plot thickened considerably.
The geopolitical crisis in Ukraine creates a stagflationary shock for global economies. The plan to fight inflation just got far more complicated for global central banks.
At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking to accommodate growing staff and encourage in-person collaboration with trendier digs. Along with tech companies, they’re helping to fill part of the void left from employers giving up space -- even as Manhattan’s office supply continues to grow faster than demand.
U.S. investment-grade debt sales have missed Wall Street estimates for two consecutive weeks with issuers choosing to sit on the sidelines instead of braving volatile markets. Bond sales were expected to pick up this week amid a growing backlog, but seven potential issuers opted to stand down amid broad volatility on Monday.
Advisor Perspectives has announced its Venerated Voices™ awards for commentaries published in Q1 2022.
The push-and-pull between centralization and decentralization is the great contest of our times. And decentralization is winning out.
My good friend Ben Hunt of Epsilon Theory has written what I think is one of his most powerful letters ever. He’s basically saying the Fed just isn’t going to make it. I wish I had written it. He is such a wordsmith. With that, let’s turn it over to Ben.
The most challenging financial event for investors in the coming decade will be the repricing of securities to valuations that imply adequate long-term returns, following more than a decade of reckless and intentional Fed-induced yield-seeking speculation.
Despite gloomy news out of China, Andy Rothman explains why he remains optimistic about China’s road ahead.
Real Treasury bond yields fell into deeply negative territory in 2021.
Central to my market and macro outlook at present is the likelihood we are amid a growth cycle downturn that is looking to decelerate meaningfully in the coming months.
Antti Ilmanen’s Investing Amid Low Expected Returns updates his 2011 Expected Returns, a volume considered by many the definitive work on the subject.
This article explores the problem vexing Russia and its trade partners. I explore how the threat and use of sanctions may force some countries to contemplate weaning off the world's reserve currency.
Connect and grow with video! Whether you’re currently using video or want to start, or are looking for new ways to improve your video use, you’ve come to the right place. It’s no secret that this channel has become a powerful tool for advisors to connect with their network and grow their business. But getting started and consistently updating your video content can be scary and often get lost in the day-to-day. In this webinar, our Chief Evangelist (and video expert), Samantha Russell, takes you step by step in creating and publishing your first video and how to successfully implement video into your marketing strategy from start to finish.
Get out of stocks, according to Gary Shilling, who has gone to 30% cash in the portfolios he manages. The economy will be in recession by the end of the year, and stocks will fall in response.
The insurance industry has struggled to build engagement with its customers. That is also true among financial advisors, who can apply the same tactics to grow their business.
This article provides an overview of the benefits of using a Nevada Incomplete Non-Grantor Trust (NING) as part of a business sale to reduce or eliminate state income taxes and capital gains taxes.
Regardless of the facts, our perception is our reality. This is especially true when it comes to investing, where we often make decisions based on the perceived risk we believe exists, whether or not that degree of risk really exists.
The world has spent a decade gorging on fuel from America’s shale basins, and oil prices are topping $100 a barrel. So it might seem an odd time to be contemplating the energy transition. But that's precisely the task facing the small towns across places like Texas, Wyoming and New Mexico: deciding when to move on from their bedrock industry, even when it’s in an upswing.
Some countries have climates and athletes that are better suited for the Winter Olympic Games, and others for the Summer Olympic Games. Every country on earth had to deal with Covid, though, whether they’re hot or cold, rich or poor.
Here is how I overcame the problem of multi-tasking by creating rooms where team members can focus on critical tasks.
Dethroning the dollar is easier said than done. That’s the conclusion of investors after Washington’s freeze of Russia’s dollar holdings created fresh impetus among central bankers to rethink the security of access to foreign-exchange reserves. The move fueled speculation that countries such as China could redouble efforts to unshackle itself from greenback-denominated financial systems and look for alternatives.
Elon Musk recommends that investors own “physical things” instead of cash in the face of historically high inflation. So why is he holding on to his Bitcoin and Ethereum?
The failure to even mention nuclear energy as a solution for climate change is a mystery. What is the reason for this neglect of what would seem the world’s best hope for abating carbon emissions?
Over the last 10+ years, U.S. equity outperformance has been caused by increased profit margins, the accretive impact of share buybacks, dollar weakness, and most significantly, an outsized expansion in equity multiples. There are risks to all of these sources of outperformance, suggesting that a neutral long-term strategic allocation to U.S. equities is now likely warranted.
This article outlines the necessary requirements to establish a Nevada family trust company and examines the core features and benefits it offers clients.
Russia's invasion of Ukraine led western nations to impose the most draconian economic sanctions in the modern era.
When it comes to the Federal Reserve and monetary policy, there are no shortages of talking heads who say the central bank can’t raise interest rates too much or else it would trigger a “debt bomb.”
New data on consumer preferences and behaviors during COVID shows that the advisory firms face daunting challenges with respect to staffing, differentiation and – if they are private-equity backed – financing and maintaining profitability.
Given the war in the Ukraine, I thought it would be helpful to provide insights for advisors and investors to think about risk and what if any actions should be considered.
Eight days before Russia invaded Ukraine, I wrote an article saying there would be no war. I was certain of it. I was wrong. How could I get it so wrong? The more you knew about the situation, the more likely you were to get it wrong.
The war bonds pay 11%, even higher than the ultra-popular U.S. inflation-protected debt that earns 7.12%. But unlike those American savings bonds, Ukraine’s debt comes with significant risk as Russia proceeds with its invasion of the country. Some retail investors are willing to take on that risk — and earn that double-digit payout — but right now that’s easier said than done.
This paper tracks the evolution of the emerging markets asset class and describes some of the resulting unique characteristics that make a value investing discipline attractive in these markets today.
Investment professionals liken trading against small, uninformed investors to shooting fish in a barrel. With the GameStop saga in late 2020, however, the fish started shooting back.
Yale Professor Robert Shiller’s Cyclically Adjusted Price-to-Earnings ratio (CAPE) is a respectable predictor of the future real return of the stock market, but it underwhelms when used on its own to set stock exposure. We examine a better way of using CAPE, with much better results.
ICYMI: In this roundup, we’re highlighting the five most popular pieces of content from the previous week.
Near-zero, zero, and below-zero interest rates changed the incentive calculations and decisions from what they were a mere 30 years ago. You can’t look at policies or almost anything else prior to the early 2000s as a standard for today. The incentives of low interest rates have literally screwed (that’s a technical economic term) things up.
On this webinar, Origin Investments Co-CEO David Scherer will discuss the ways private real estate benefits an investor’s portfolio and why an increasing number of RIAs are allocating to private real estate. Plus, he’ll provide an overview of the diversified multifamily real estate funds that Origin offers to investors.
I have charged Ken Fisher with crimes against annuities. I will begin this proceeding by expressing my gratitude for his anti-annuity advertising campaign including its famous tagline, “I hate annuities and you should too!”
First the economy overheats, then winter comes to Wall Street. January was especially horrible for the cutting-edge investor, and February might be even worse. At the end of last month, big tech stocks were down nearly 8%, according to the New York Stock Exchange’s FANG+ index — and that was before shares of Meta Platforms Inc. (the company formerly known as Facebook) fell off a cliff last week.
UBS made a huge investment in acquiring the robo-advisor Wealthfront. But neither this investment nor any other robo pose a threat to traditional financial advice.
From the pandemic and geopolitical tensions to broader macroeconomic developments, new obstacles to "normality" seem to be cropping up everywhere.
Ben Graham is ascribed as being the father of value investing.
Eager to show their commitment to mitigate climate change, U.S. colleges are touting their efforts in the bond market with a trendy financing tool.
We shouldn’t read too much into pop sociology, especially when investing other people’s money. William Strauss and Neil Howe built a following by studying substantive differences among generations: Baby Boomers, Millennials, Gen X and so forth. But that view is mistaken, according to Bobby Duffy.
