As I’m writing this, the S&P has just closed more than 1% lower for the first time since last October. The streak of 109 trading days without a 1% decline is one of the longest in history. Chart via Bespoke The bears who have been getting pummeled over the last eight years are suddenly rumbling [...]
A few readers asked if I would take a look at Tony Robbin’s new book Unshakeable and offer up my thoughts. (We reviewed his last book Money a few years back here.) Most of my comments from the last review stand: I think Tony is a genuinely decent person, clearly has helped a lot of [...]
Long time readers know that I have been a shareholder yield advocate on the blog for almost a decade. (We used to call it net payout yield back then, and we define it as the combination of dividends and net buyacks.) People are slow to change of course, but my hopes are that eventually you [...]
We’ve written three fun articles on the topic of dividends in the past few years. I’m not sure why we haven’t seen more research here in the academic space, perhaps it is the hundreds of billions allocated to dividend strategies? What You Don’t Want To Hear About Dividend Stocks How Much Are Those Dividends Costing You? [...]
Happy 2017…You’re probably going to fail this year! Let me quickly add some context before I’m bombarded with venomous emails. According to StatisticBrain, only 8% of Americans are successful in achieving their New Year’s Resolution. That figure triples when describing people who “never succeed and fail on their resolution each year.” I would think the [...]
Below is a fun little chart on investing trends. We outlined a simple valuation approach to stocks in our old book Global Value. It simply picked a basket of the cheapest 25% of country stock markets as measured by long-term valuations, and rebalanced yearly. Despite large historical performance, a global value approach only outperforms the [...]
We did a fun post a year ago on a particular bombed out stock sector – coal stocks. Why You Should Ask For Coal (Stocks) In Your Stockings This Holiday Season It was meant as a light hearted holiday themed example of how investing in big drawdowns can be rewarding. I wasn’t quite expecting coal [...]
780%. That’s the amount of gains you would have missed had you followed the market timing strategy I’m going to describe in the following article that utilizes the CAPE ratio. Yes, that’s significant. But there’s far more to this story, and I suspect that had you acted on this strategy, you’d have actually been quite happy to [...]
Research Affiliates has been churning out some great content lately. In their recent piece titled “Timing “Smart Beta” Strategies? Of Course! Buy Low, Sell High!” they examine some value based factor rotation strategies. Namely, they examined rotating among the factors that had the worst 1,3,5,and 10 year trailing performance. Not surprisingly it worked well. So [...]
Long time readers know that I talk a lot about two ancient investing strategies – value and momentum/trend. Often I will mention that my favorite setup is when the two align, although that only happens about a third of the time for any given market. (Old post here). So we’ve been preaching foreign stocks markets [...]