Investors have already started positioning for a new Fed tightening cycle as well as sticky inflation. Many are rotating into real assets, including gold and real estate, which have inherent value outside of the traditional financial system.
I offer my top 10 roster of realizable and important financial resolutions to start your year off on the right foot!
A portfolio’s return is driven by its investment strategy—a set of decisions that governs allocation and timing of capital among the portfolio’s positions.
Given the many forces shaping the economy and markets, 2022 will be a stock picker’s—and a bond picker’s—market. Prices are indeed stretched in pockets of the market, but many areas offer attractive potential supported by compelling fundamentals and exposure to growth themes.
All 2-sigma equity bubbles in developed countries have broken back to trend.
Uncertainty has become an ongoing theme in markets, economies, and communities everywhere, and in this environment, PIMCO investment professionals gathered – virtually, once again – for our recent Cyclical Forum.
What has been a tumultuous last few months for crypto markets has only accelerated through the turn of the New Year.
Every year has plenty of lessons when looking backward in December.
Global central banks are set to spend 2022 diverging, as some take on the menace of inflation and others stay focused on boosting economic growth.
Thompson Clark sits down with Mauldin Economics publisher Ed D’Agostino to discuss three of his top stock picks for 2022, how inflation could affect his Wealth Accelerator strategy, and how investors can better prepare for the year ahead.
The reality is that despite media commentary to the contrary, debt-driven government spending programs have a dismal history of providing the economic growth promised. As a result, the disappointment of economic and earnings growth over the next year is almost a guarantee.
The reason that few predicted Soviet collapse was that the Soviet Union outwardly appeared to be a mighty military power with an extensive security apparatus. Few observers understood just how little legitimacy the system possessed; that it was eaten away on the inside by the rot of corruption, by the loss of faith in ideology, by the dismal standards of living, and, lastly, by elite in-fighting.
The year 2021 will be remembered as one in which markets tumbled down a rabbit hole and entered financial wonderland: A once-elite undertaking became more populist, tribal, anarchic and often downright bizarre.
Despite the strong year for stocks in 2021, markets have confidently priced in some negative trends gathering more momentum in 2022 which may help markets, should trends reverse.
Rick Rieder and team identify 11 themes that could drive returns in 2022, as the greatest monetary experiment since the advent of flat currency enters its next phase.
The semiconductor shortage and its impact on everything from autos to smartphone production has been much in the news. The shortage has been a boon for semiconductor stock prices. But it likely will resolve itself in the coming months—or years, depending on whom you talk to—raising the specter of a bust.
Capitalism’s death warrant was signed on March 19, 1968. That is when President Lyndon Johnson eliminated the requirement that the Federal Reserve back the U.S. dollar with gold reserves.
It has been my tradition to informally rate the investment-related books I read in the past year. I have also included some novels and books of general interest. Here is my list of winners and losers.
The metaverse is part of the next iteration of the internet some are calling Web 3.0—and it promises to upend everything as we know it.
The purpose of this whitepaper is to highlight the development of values-based investing at a summary level and, more importantly, provide research that indicates there is no sacrifice of investment returns in adopting a faith-based approach to values investing.
2021 has been a year of notable economic growth after unexpected change caused by the COVID-19 pandemic. In our Economic and Market Outlook for 2022, we lay out some of the “known unknowns” we believe could significantly affect the investing landscape...
In the depths of the lockdowns in March and April, we were together at home, day after day. The U.S. Federal Reserve Board pumped large amounts of liquidity in our economic system. The U.S. Federal Government followed by providing large amounts of fiscal stimulus in PPP loans...
Clients struggle with making right the Social Security claiming decision. This article provides a six-step process to guide clients through the complexity of Social Security.
There are a number of key investment themes for 2022 I feel most people would agree on. Below are just a handful.
Today we’ll “war game” what the Fed is facing as it wrestles with inflation, growth, employment, and political considerations. We’ll try to entertain those thoughts as if we’re sitting in the conference room with Jerome Powell.
Historically, fourth quarter tax loss selling of closed-end funds (“CEFs”) has been prevalent in the market. CEFs may be more susceptible to tax loss selling given they trade on a stock exchange and market prices (investor return) can deviate from underlying net asset values (“NAVs”) (fund return).
Taxable assets make up nearly half of the U.S. mutual fund universe. Helping your clients reduce the tax bite on these assets could help you differentiate your value proposition.
This article contrasts the valuations and environments now and in 2000 to ask if it's time to leave the party or stay and rock on. I provide a statistical analysis showing the downside risk facing the S&P 500.
As one of the fastest-growing bond sectors, emerging-market (EM) corporate debt has become too big to ignore. With US$2.7 trillion outstanding across more than 600 companies, it’s now larger than the entire EM sovereign sector and is equal to the US-dollar and euro high-yield markets combined.
As the last wave of baby boomers heads into retirement, the need for a consistent and reliable stream of income is growing. Advisors seeking a balance between generating income and providing for future growth may want to consider income-focused model strategies.
Financial advisory practices using only a handful of team members to prospect and engage in traditional business development will be usurped by teams that are trained to be causative.
The financial services field is one of the most regulated in the U.S. Our regulations are as complex as those in the medical field. This makes sense; our health and our money are two important pillars of wellbeing. Preventing harm to either can be a matter of life and death.
The COVID-19 crisis spurs cohesion, but fresh challenges await.
Investor participation and interest in private equity continues to grow. Investors are attracted to private equity for different reasons, including access to the significant investable opportunity set that exists across the universe of private companies, along with lower volatility when compared to public equities.
The last 20 months have taught us to question everything. What is the future of work? Can American democracy survive? Will Baby Boomers keep consuming more than their fair share? And what comes after “trillion”? Howard Marks’s latest memo examines paradigm shifts that could reshape the economy, markets and the world for many years to come.
Enjoy the latest Newsletter from Harold Evensky.
Here are some things to do to incorporate feedback more consistently into your daily practice with your team members.
The pandemic is over. The pandemic is not over. The transition from the pandemic to the endemic phase of Covid-19 is rife with uncertainty and confusion. This is why the world economy, and particularly the U.S. labor market, look so weird right now.
When your largest position, Viasat Inc. (Ticker: VSAT), enters into a transformational merger involving regulatory complexity, interesting technology, enough equity issuance to require a shareholder vote, and a conceptual doubling down against what might be called the “Elon Musk-generated low-earth-orbit satellites (LEO) space craze...
Desmond Shum’s message for investors is clear: Institutions matter, and beware the siren song of the Chinese economic miracle.
Gold performed as expected this week following a monster CPI report that showed inflation skyrocketing 6.2% in October. The yellow metal broke out of its downward trend going back to August 2020, when it hit its all-time high of $2,073.
Transitory or not, the current inflation rate has many investors concerned. A look back in history can put today’s situation in perspective.
Here are nine things every female solo advisor should know about launching and growing a wealth management practice.
Inflation is looking less and less “transitory,” and make no mistake: Transitioning to a zero-carbon energy mix as quickly as climate scientists are urging will be highly inflationary.
Here is my interview with Eric Negron, an advisor, about how he uses the Asset-Map software.
RIA owner Michelle Smith shares an observation that illustrates the dilemma independent financial advisors face in recruiting advisory talent.
These “perfect storm” disruptions have created numerous headaches for shipping and logistics companies. But as is often the case, bad news is good news, especially for investors who have seen shares of container lines surge in the 18 months since the pandemic began.
Performance highlights from the third quarter of 2021, plus manager expectations for the final months of the year.
Among the illusions encouraged by every speculative bubble is the idea that wealth is embodied in the prices of securities – that higher prices inherently represent greater “wealth.” The fact is that every security is, at base, a claim to some future stream of cash flows that will be delivered into the hands of investors over time.
With so many life-changing liquidity events on the horizon, charitably minded advisors would be well served to follow the same tax guidance they provide their clients and set up a DAF prior to the sale of their firm.
