Stock Markets by Country 1899 vs 2019

119 Years of Investment Returns, According to Credit Suisse

Posted Leave a commentPosted in Charts, Investing, Wealth Management

This morning’s ferry read is the Credit Suisse Global Investment Returns Yearbook 2019, for which I have to thank this excellent Twitter thread by Cambria’s Meb Faber for pointing out. Two of the charts I found worth a screenshot and share here show shares of global stock markets have changed since 1900 by country (header […]

Long-term, valuation is all that matters

Posted Leave a commentPosted in Investing

I recently found some charts on this tweet thread worth checking against some of my earlier posts on investing with a value tilt. These are similar to my earlier chart about forward 10 year investment returns versus on CAPE ratio, and can be summarized in the title of the first chart “Long term, valuation is […]

How Hedge Funds Performed

How Hedge Funds Performed in the 2010s

Posted Leave a commentPosted in Investing

While putting together reviews of the past decade, I have looked at how emerging markets have performed vs developed markets, how bonds performed versus small and value stocks, and the Dow vs the Nasdaq. Here, I also want to look at how hedge funds performed over the past decade. First, let’s look at a traditional […]

Turbulence vs damage

Turbulence vs Damage in Stock Investing

Posted Leave a commentPosted in Charts, Investing

I have no experience piloting airplanes, and admit there have been several times as a passenger that I have been afraid of turbulence. What helps me stay calm in turbulent flights is remembering descriptions I heard from at least one pilot interview on how insignificant most turbulence is compared with how high the plane is […]

Hong Kong vs Singapore

Opening an Investment Account: US vs Hong Kong vs Singapore

Posted 1 CommentPosted in Investing, Personal finance

Although recent protests have drawn more international news cameras than usual, international wealth management clients have compared opening an investment account Hong Kong to having one in Switzerland, Singapore, or South Florida (Miami) for decades if not since the World Wars. While Hong Kong vs Singapore may be the most overdone comparison in Asia, this […]

Stocks or bonds

Buy stocks or bonds? 3 numbers to help decide

Posted Leave a commentPosted in Education, Investing

It is widely repeated in the investment community that the biggest difference in whether you earn high or low rates of return as a long-term investor is not your choice of an individual stock or bond, but how much you allocated overall to stocks vs bonds. The more you put in stocks, the more likely […]

US Index Funds adding shares to loss-making Uber and Lyft

Posted Leave a commentPosted in Investing

While there is a lot of merit to simply investing in a broadly diversified portfolio of low cost index funds, market cap weighted index funds have some features (or flaws, depending how you see it) that drive me to alternatives. One key example is this recent WSJ story highlighting how US index funds are about […]

Zuckerberg Russia Facebook is Not a Democracy

Facebook is not a democracy. Does that matter to shareholders?

Posted Leave a commentPosted in Investing

68% of shareholders want to replace Mark Zuckerberg as chairman of Facebook Inc (NASDAQ: FB), but Mark Zuckerberg still holds the majority of voting shares (source: Facebook March 2019 Quarterly Report, page 54). As much talk as there is about Facebook’s role IN democracy, this is a reminder that the corporate structure of Facebook IS […]

Top S&P 500 ETFs

Top S&P 500 ETFs as of 2019 Q2

Posted 1 CommentPosted in Investing, Lists

I have long argued that the S&P 500 is an overrated, overused stock market index benchmark, while also admitting it is still one of the best constructed and balanced benchmarks globally.  By comparison, the flagship benchmarks of Hong Kong, Canada, Australia, Singapore, and other countries tend to be far more lopsided with industry concentrations in […]

How different investments have performed during recessions

How different investments have performed during recessions

Posted Leave a commentPosted in data, Economics, Investing

While I am often asked “is now a good time to invest?” in both booming and declining economic times, I have recently been asked more and more about whether the economy is due for its first global recession since 2008-2009, and how to invest in preparation for the next recession.  I recently wrote a short […]