Oh boy…there is a lot of VC money trapped in web-based money-tracking startups and online wealth whatevers – “We’re going to disrupt the investment advice industry!” – yeah, no you’re not. I know of like twenty of these services off the top of my head. Mostly, they offer the mass affluent a way to keep track of…
Wake-Up Call: “You’ve got to spend money”
Europe is awakening to the fact that Austerity does not produce growth and the time to rein in debt spending is during booms, not on the heels of a bust.
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Use Hedge Funds for Proven Return Reduction
Research Affiliates runs several funds and portfolios modeled on the premise that only with the “full toolkit” of all 16 major asset classes can investors meet their objectives in what could be a prolonged low-return environment. Given their view that stocks and bonds offer less upside on a go-forward basis than what we’ve seen in…
Financial Bullshit Flowchart
Chart
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Rob Arnott vs Jack Bogle on Fundamentally-Weighted Indexes
Two of my investing heroes are engaged in a bit of a battle over whether or not an investor should use so-called fundamentally-weighted indexes. It’s Rob Arnott, the father of the approach, versus Jack Bogle, a pioneer of the older way of indexing. The “smart index” approach, which I like, is sometimes referred to as…
Short-Covering or the Biggest Average-Down in History
One of two things is going on in the gold futures and options market – either the Billionaire Bagholders Club™ is doubling down or the shorts are taking profits from the recent plunge. Here’s Bloomberg: Hedge funds increased bets on gold rallying after prices plunged the most in 33 years, underscoring billionaire John Paulson’s view that bullion…
Do the work once, get paid forever
Seth hits on something really important for enterprising young men and women and for those building investment portfolios – why not seek the type of assets that continue to pay? Do work and get paid once. Build an asset and get paid for as long as it lasts. A retailer or a restaurant owner might…
What Now for Bond Investors? Pros Weigh In at Morningstar
The other day I relayed Jeff Gundlach’s answer to the rhetorical question on everyone’s lips these days, why own any bonds at all? You can read my detailed notes on how he answered this question here: Notes from the DoubleLine Lunch with Jeffrey Gundlach, Spring 2013 In addition, Jason Stipp has a phenomenal round-up of…