It’s well-established that stocks beat bonds and cash in the long run. The historical record is indisputable. But the standard …
Ferraris, real estate or stocks?
Buenos Aires, Argentina Last week’s lunch at the American Club in Buenos Aires was thoroughly enjoyable. Around 12 of us …
Is (most of) the S&P 500 much cheaper than it looks?
“S&P Hits an All-Time High.” So ran a headline today on Bloomberg. The moment, at 12.54pm, was fleeting – the …
Why consistency beats shooting for the moon
An age-old dilemma for investors is whether they should concentrate on solid investments, which are likely to result in more …
Busting a myth about closed-end funds (CEFs)
Many investment analysts recommend buying closed-end funds (CEFs) when they’re supposedly trading at a big “discount”. In fact, as I …
It’s time to sell Russian stocks
The confrontation between NATO allies and Russia is escalating fast. Russian stocks are highly attractive on a financial basis. But …
As bonds and stocks fall, what’s gone up?
After a sleepy 2017, stock volatility is back in 2018. But, so far this year, long-dated US treasury bonds have …
Is deflation a bigger risk than inflation?
Consumer price inflation (CPI) has scraped itself off the floor in the past couple of years. In the face of …
The “double compounding” power of stocks
“Stocks for the long run” may be an investment cliché. But, assuming the purpose of investing is to make a …
Is the market’s debt orgy reaching its climax?
In recent years, US stocks have been pumped higher and higher as investors and companies have enjoyed an orgy of …
Markets wobble. What you should do.
Crash. Turmoil. Plunge. Rout. These are just some of the words used to describe what’s happened in markets in the …
Why, how (and whether) to reinvest your dividends
Profit compounding is one of the most powerful forces that investors benefit from, over the long term. To get its …
How many different stocks should you own? (Part II of II)
In the last OfWealth Briefing I started looking at the important question of how many different stocks you should own, …
How many different stocks should you own? (Part I of II)
The more things you invest in, the less you can lose if an individual investment turns out to be a …
2017’s top 10 investment reads
Another year is nearly over. As usual, it feels like it’s flown by (that’s my middle age showing). Last week …
What did we learn in 2017?
The year 2017 of the Gregorian calendar is creaking to a close. Most mainstream investments did well in the year …