How to add trading permissions in your Interactive Brokers account

Posted Leave a commentPosted in How to

Every now and then, you may find that a stock, ETF, option, or futures contract traded on a certain exchange is not available on Interactive Brokers.Β  This can happen to accounts that thought they “enabled everything” when their account was set up, only later to see Interactive Brokers add new capabilities later (e.g. crypto futures, […]

Quick Chart: 20-Year Rolling Returns of Stocks vs Bonds

Posted Leave a commentPosted in Charts

Bonds may be safer than stocks in the short term, but they can actually be riskier in the long term. This is a quick chart of rolling 20-year returns of US stocks vs bonds using Shiller data, showing that there has never been a 20-year period in the US since 1871 where US bonds have […]

Dividend model expected return calculator

Calculator: Pure Dividend Growth Stock Return Model

Posted Leave a commentPosted in Calculators

One of the most important inputs into retirement calculators is expected rate of return, and I am still surprised to see so few expected return calculators freely available on the internet. As an even simpler version of my earlier calculator, here is an expected return calculator for dividend stocks (or funds) that only requires four […]

Personal Finance Math From My 1992 High School Textbook

Personal Finance Math From My 1992 High School Textbook

Posted Leave a commentPosted in Education

The other day I happened to pick up a copy of my 11th grade math textbook published in 1992, and came across these two practical personal finance problems as a reminder of how much times have changed. The most obvious difference between then and now is how far interest rates have fallen. In 1992, the […]

Webinars on China Options, European Futures, and US Universities

Posted Leave a commentPosted in Webinar

My next three scheduled webinars cover a variety of topics on a variety of continents: On April 13th, in collaboration with Interactive Brokers and Singapore Exchange, I’ll be explaining option strategies investors can use to fine-tune risk/reward exposure to Chinese stocks: Register Here On April 15th, in collaboration with Interactive Brokers and Eurex, I’ll be […]

Asian Currency Strategy 2021 Webinar: 16 March 6pm HKT

Posted Leave a commentPosted in Webinar

My next webinar with Interactive Brokers and Singapore Exchange will be on March 16th, 6pm Hong Kong time, explaining the long-term background and outlook for Asia’s 10 major currencies: Japanese Yen Chinese Yuan Renminbi Indian Rupee Korean Won New Taiwan Dollar Singapore Dollar Thai Baht Malaysian Ringgit Philippine Peso Indonesian Rupiah Register here: https://register.gotowebinar.com/register/5254730309470490892?source=gfmws

Political risk

US Political Risk For Investors in 2021 And Beyond

Posted Leave a commentPosted in News

Modelling your future investment returns is most clearly done by writing down a list of scenarios, estimating how much money your investment would make or lose in each scenario, and then assigning probabilities to those scenarios. Like an insurance company writing a policy, or a casino choosing to offer a new game, we make the […]

Calculator: Stock Expected Return Based on ROE and Book Value Growth

Posted Leave a commentPosted in Calculators

One of the most important assumptions long-term investors in stocks need to make is their expected rate of return, but I have been surprised to see so few expected return calculators freely available on the internet. For “back of the envelope” estimates, below is a very simple calculator based on the three components of expected […]

Webinars Dec 2020: The Future of China and Asia, and VSTOXX

Posted Leave a commentPosted in Webinar

To finish up this eventful year of 2020, I will be presenting three webinars in each of the first three weeks of December 2020, covering “core” topics of volatility trading, the future of China, and of opportunities across greater Asia. 2 Dec 6pm HKT, VSTOXX 101: Understanding Europe’s VIX – https://register.gotowebinar.com/register/4128539029745491470?source=gfmws 9 Dec 6pm HKT, […]

How the World Has Changed Since 1987

Posted Leave a commentPosted in Charts

Today’s chart was a quick visual reminder to me on how the world has changed since 1987 – namely, how it has become significantly more American and significantly less Japanese. The source is a FTSE Russell paper titled “Indexing The World”, which index geeks like me would consider required reading for understanding the difference between […]