Click Here to Read April 2021 Issue
It’s Hard Out Here for a Bond Investor
John Luke Tyner (Aptus Capital Advisors)
Moving forward, we believe that it is imperative investors adapt their investment philosophy, as the historical benefits from including bonds in a portfolio may disappear. We believe that the tailwind of a bond bull market, benefitting portfolios over the last 30+ years looks to be turning the other way.
A Playbook to Combat Planning Resistance
Jonathan M. Bergman (TAG Associates)
Successful retirees solely managing their own complex portfolios are setting heirs up for a challenging hangover. Here is a playbook to try to gently and slowly demonstrate that they can still maintain control of their portfolio decisions.
Video: Shift Towards Value Continues
Greg Powell (Miller/Howard Investments)
Even with the recent rebound in long-term interest rates, high-dividend yield equities offer substantially more income, both now and as it grows.
A weekly discussion uncovering new and profitable ideas in the global equity, bond, and real asset markets. Expect to hear from some of the top investment professionals in the world.
Episode #313: Rob Arnott, Research Affiliates, “Modern Monetary Theory Does Not Work”
Episode #290: Bill Smead, Smead Capital Management, “There’is Less Respect For Stock Picking Experts Right At This Moment Than There Has Been Since The Peak Of The Dot-Com Bubble”
Episode #276: Craig Wichner, Farmland LP, “There’s $2.7T Worth Of Farmland In The U.S…And That’s The Same Economic Value As All The Apartment Buildings In The U.S Or All The Office Buildings In The U.S.”
Fewer Loans in China: Impactful, But Perhaps Not In The Way You’d Expect
Jason Hsu (Rayliant)
Given some of the alarmist coverage around the slowing loan activity in China, it’s no surprise that investors are curious. The change in policy will likely have an effect on the Chinese equities market, but the impact may be different than many suspect.
Video: What is Shareholder Yield?
Meb Faber (Cambria)
Why shareholder yields offers a more complete approach to evaluating a company’s cash payout policy. (6:20)
“Tiger Mom” vs. Montessori: A Simple Analogy for Comparing Chinese and U.S. Financial Regulation
Jason Hsu (Rayliant)
Most people tend to compare Chinese financial regulation to US financial regulation through a lens of communism vs. capitalism. However, a more useful analogy might be the “tiger-parent” vs. Montessori framework for parenting.
Video: Why ETFs
Meb Faber (Cambria)
Meb weighs in on the ETFs vs mutual funds debate. We may be at a Blockbuster/Netflix moment. (3:47)
Video: Short Lending Revenue
Meb Faber (Cambria)
Why it’s important to understand a fund’s short lending revenue policy. (2:51)
Video: Why Should Investors Care About India?
Nextfins
India is expected to be the fastest growing large ecomony over the next decade. It is projected to the the third largest economy by 2030 after the United States and China. Covid has accelerated their digital revolution.
ETF Tax Efficiency — The Other ETF Magic Trick
Exegy Insights
One of the substantial advantages of ETFs for market participants in the United States is their tax efficiency. The structure of exchange-traded funds—specifically the way in which shares are created and redeemed—results in lower overall capital gains taxes for the funds, an advantage passed on to shareholders.
Inflation and Investing: False Alarm or Fair Warning?
Aswath Damodaran (Professor of Finance at Stern School of Business, NYU)
For those who are under the age of forty and have grown up in the United States or Europe, inflation is an abstraction, a number that governments report on and experts talk about, but not something that is central to their investing or regular lives. For those who are older or grew up in countries with high inflation, inflation is far more than a number, wreaking havoc on savings and exposing fault lines in economies and societies.
What to do when your LinkedIn posts are going nowhere
Sara Grillo
A common question I get from financial advisors is, “I’m posting to LinkedIn and getting crickets.” Contrary to what is taught, success on LinkedIn isn’t about how great your posts look, what time you posts, or many of the superficial factors. Let’s explore what you can do if you’re not getting the engagement you want on your LinkedIn posts.