Bob Carlson offers his expert opinion on where to invest your money so that you can get through retirement safely and securely
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Don’t expect 2014 to be a repeat of 2013. A key mistake people make with their finances is to expect the future to be like the best and especially for the future to be like the most recent past. It rarely works out that way. Take a look at these examples from Reuters. One of […]
The most difficult issues in retirement planning might be deciding how to spend your money and how to invest it during the spending years. One strategy that attracts people is know generally as the buckets strategy. This is when assign different amounts of your portfolio to different spending buckets and invest according to the bucket. […]
The emerging economies, and especially their stock markets, were leaders after the global economic bottom in 2009. Their stock indexes rose much more than developed economy indexes. Most analysts said those economies would have permanently higher growth rates and that their stock returns would be higher than developed market stocks. All that changed over the […]
Barron’s drew a lot of attention over the weekend for its interview with Ned Davis. (Subscription might be required.) The highly-respected researcher said he anticipates a 20% correction coming in U.S. stocks. But his forecast isn’t as bad as the headline indicated. First, he doesn’t expect a long, deep bear market. He thinks when the […]
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About the only stock valuation measure that now indicates stocks are well above historic average values is the Shiller Price-Earnings ratio, known formally as the CAPE for Cyclically-Adjusted P-E ratio. It takes a 10-year inflation-adjusted average earnings to compute the P-E ratio instead of the last 12-months’ earnings or projected 12-months’ earnings. I’ve linked to […]
James Montier of GMO takes apart the latest investment innovations. He says that the financial industry continues to come up with great ideas that it says will be great for investors, but in practice the innovations don’t stand up to their hype. In this essay he takes a look at smart beta, risk factor investing, […]
One of the better interviews with Eugene Fama, promoter of the efficient market theory and co-winner of the 2013 Nobel Prize in Economics, recently was in Fortune. It does a good job of tracking Fama’s thinking and how it changed over the years. As Fama says, a lot of people misrepresent his work and think […]
The co-winner of the 2013 Nobel Prize for Economic Science is generating a lot of media these days, largely in support of various business projects such as his role with a new mutual fund with DoubleLine Funds. When you see an interview with him, be sure to read his words carefully. Don’t rely on the […]
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