• 01 Jun
    Read This Before Investing In That Quant Fund

    Read This Before Investing In That Quant Fund

    • As long as there is stability, quants will do well. But when liquidity goes, so goes the quant fund.
    • Long Term Capital Management is a perfect example of how quickly a quant trend can turn into a quant fad.

    Introduction

    Quants are the hot thing on Wall Street.

    Common sense doesn’t seem to work anymore as stocks are completely detached from their fundamentals and capital flows don’t really react to macroeconomic or specific company news. In an environment where no one knows what to do to beat the market, it’s completely normal for new trends—or better, new fads—to rise to a level of fame that will turn to notoriety. More →

  • 31 May
    An Analysis Of The Top 10 Gold Miners

    An Analysis Of The Top 10 Gold Miners

    • Each gold miner is different, so you have to carefully pick the right one for your portfolio.
    • Debt levels, gold reserves, mining costs, political and environmental risks, all have to be put into a perspective related to your risk appetite, strategy, and investment horizon.

    Introduction

    Yesterday, we discussed the reasons it’s a good idea to have gold miners in your portfolio now. The goal of today’s article is to show you just how different gold miners are and how carefully you have to chose those to include in your portfolio.

    Just as every mine is different, each miner is even more different. There are huge differences in potential future output, mining costs, debt structures, political risks, etc. All of these factors have to be assessed to provide you with the best hedging option for your portfolio according to your risk appetite and portfolio orientation.

    In this article, I’ll discuss the top 10 holdings of the iShares MSCI Global Gold Miners ETF (NYSEARCA: RING) to give you insights into what to watch for and how that affects the risks and potential rewards for your portfolio. More →

  • 30 May
    Why You Want Gold Miners In Your Portfolio Now

    Why You Want Gold Miners In Your Portfolio Now

    • Investing 5% of your portfolio in gold miners offers you the potential for a twenty-fold upside while the downside is just the invested 5%.
    • A macroeconomic analysis shows that there is a high chance that the FED won’t be able to significantly increase interest rates or trim its balance sheet.
    • More quantitative easing—similar to what is still going on in Europe and Japan—would easily bring gold above $2,000 per ounce. In that case, I wouldn’t exclude 1,000% jumps for miners.

    Introduction

    Lately I’ve been mentioning in a few articles how gold, especially gold miners, are a good hedge for a portfolio. My idea is that if you own gold miners with 5% of your portfolio, you are relatively well protected against whatever surprises we might see coming from the economy. More →

  • 29 May
    Are You Ready? The FED Says More Tightening Ahead

    Are You Ready? The FED Says More Tightening Ahead

    • The FED’s meeting minutes clearly signal more tightening ahead.
    • Inflation has consistently been above 2% in 2017, so we can say “bye bye” to low interest rates.
    • There’s a rosy scenario for the economy and a negative one. In both, stocks are bound to fall.

    Introduction

    Inflation is an extremely important factor concerning anything related to investing. Over time, there’s a huge difference between real (inflation adjusted) and nominal returns. Therefore, we always have to keep an eye on inflation and invest accordingly to minimize the risk of seeing inflation eat up our returns, and to maximize our real returns. More →

  • 28 May
    Sunday Edition: What Happens In Vegas

    Sunday Edition: What Happens In Vegas

    In most minds, this weekend marks the beginning of summer.

    The temperatures are rising, flowers have bloomed, outdoor grilling increasingly seems like the only reasonable option for cooking your dinner, and many of us are itching to travel to somewhere where we can sit by a pool and sip on a cool beverage for a few days.

    Admittedly, I’d rather grill a burger than hang out by the pool. However, thinking about my travel plans for this summer got me thinking about stocks related to one of the destinations I may very well travel to in the coming months. More →

    By Kristina Keene Investiv Daily Sunday Edition
  • 26 May
    Corporate America’s Focus Isn’t On Shareholder Value Creation

    Corporate America’s Focus Isn’t On Shareholder Value Creation

    • Earnings haven’t grown in the last 10 years. What is corporate management doing?
    • A temporarily higher stock price isn’t good for the majority of investors, especially those investing for the long term and retirement.
    • Buybacks are idiotic, management pays $ 3million for a home they can build for $1 million.
    • There is only one company that does smart buybacks.

    Introduction

    There’s a huge problem affecting corporate America that nobody is seeing because most people think in positives and negatives, and can’t think on an relative scale. What do I mean by this? Well, when shareholders judge management, they look at whether the bottom line is positive and in line with what the competition is doing. Nobody is assessing whether it could have been much better.

    We expect only the best from our favorite athletes and we hope our children develop to their full potential but when it comes to corporate management, we remain mostly silent and accept whatever they throw at us. More →

  • 25 May
    Building The Best Portfolio For The Upcoming Recession

    Building The Best Portfolio For The Upcoming Recession

    • Stocks will be hit badly. Low price earnings and high book values can provide some safety.
    • Bonds look much better than last year.
    • Alternative investments can be a jack-pot for your portfolio.

    Introduction

    Yesterday we discussed how a recession is imminent, especially if the trending down credit growth turns negative.

    The most important thing now for investors is to prepare for such an event. Today, we’re going to dig deeper into the recession-related investing risks as different asset classes will be affected differently. More →

  • 24 May
    As Credit Growth Slows, The First Recession Bell Tolls

    As Credit Growth Slows, The First Recession Bell Tolls

    • The economy can only grow as fast as productivity in the long term.
    • U.S. real GDP growth has been around 2% in the last 8 years while productivity growth has lingered at 0.5%.
    • Therefore, 75% of economic growth is under the influence of credit. Credit expansion is slowing down and turning negative.

    Introduction

    What do you do when your neighbor, that you know makes the same amount of money as you do, buys a Porsche, puts a big pool in their garden, remodels and refurnishes their house, and throws big parties to brag about it? More →

  • 23 May
    Portfolio Management & Trading – The Value Investing Way

    Portfolio Management & Trading – The Value Investing Way

    • A value investor should trade when a better bargain present itself.
    • Liquidity is a key component of an investment and of a portfolio.
    • Klarman’s advice is to stay in touch with the market to find opportunities, average down, and hold ten to fifteen stocks max for proper diversification.

    Introduction

    We’ll continue with the analysis of Seth Klarman’s book Margin of Safety. Today we’ll discuss chapter 13, Portfolio Management and Trading. More →

  • 22 May
    Don’t Let Information Avoidance Threaten Your Long Term Returns

    Don’t Let Information Avoidance Threaten Your Long Term Returns

    • There are lots of ways to present historical data to achieve different outcomes.
    • Information avoidance can be extremely harmful in investing and health. Just think about what obesity does to your health and a high price to earnings ratio does to your investment returns.
    • If you’re open to some contrarian information, Investiv Daily is the platform for you.

    Introduction

    A recent survey showed that global investors expect returns of 9.5% above inflation while advisors expect returns of 5.3% above inflation. Such expectations come from the fact that when you go to speak to the majority of advisors, they just show you the best possible data set they have in order to sell their products. More →

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