Bond Length Matters
Duration describes the time it takes for a bond holder to get all their money back and/or the change in price for each 1% change in the interest rate.
Bond Length Matters
Duration describes the time it takes for a bond holder to get all their money back and/or the change in price for each 1% change in the interest rate.
S&P 500 Wins Again
This chart from an article in today’s Wall Street Journal shows the percentage of funds that underperformed the S&P 500 in the last 12 years. Again,..
Car Dealer Profits
I am reminded of this chart every time I drive by a car lot. Before the pandemic, financing and insurance profits made up 70% of the dealer’s..
Stay Invested
Below is a great chart from Putnam, which shows that over the last 15 years, if you missed the top 10 best days of market gains, your return would..
Vanguard vs. iShares by BlackRock
Since we use both Vanguard and iShares by BlackRock Exchange Traded Funds (ETFs) extensively, one of my pleasures over the last few years has been..
The Market Response after Eight Days of Conflict
It’s hard to do commentary when in the morning, the markets are down, and by lunch they are level, and by the close they might be up, and vice versa.
Too Much Cash
In a compelling article by BlackRock, they make an argument that even though we are facing higher than normal inflation and turmoil, that fear is..
Today's Market Notes - Russian Edition
As with all things, patience is the name of the game in the long run. Below are three notes about today.
Rising and Falling Rates in Relation to Real Estate Prices
“A 1% decline in real interest rates should lead to a spike in home prices in certain cities in the U.S. ranging from 19% to 33%.” -Bloomberg (Feb...
Russia vs. USA
It’s been a long slow slog for Russia. Seeing investors saying “let’s buy the dip.” But before that, Russia has some serious structural problems they..
5% Pullbacks and Russia
Since 1927, the S&P 500 has experienced a pullback of five percent approximately every 70 trading days (about every 3 ½ months.)
Cooling of Housing Market
Three charts from an article in Bloomberg that shows the housing market may be cooling from higher rates, higher prices (making homes less..
Zero Real Rates
Yes, rates have climbed from their lows, but let’s hope we don’t look back on this and think that locking in a zero real return (1) for 30 years was..
Exchange Traded Funds (ETFs) Continue to Grow
Lower cost, increased liquidity, better transparency, greater tax efficiencies, often more diversified, and for indexed ETFs there is no “drift” of..