Global Capital. Clear Intelligence.
Equities will be the core but bonds, cash and property all have merit in diversity Written 400 years ago, Miguel de Cervantes’ book Don Quixote de la Mancha contains advice well heeded by all investors: “Tis the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in … Read more
U.S. depositary receipts are a pure investment play But beware lack of liquidity, effects of exchange rates. Want your investment portfolio to keep time with the sizzling hot emerging markets of India and China, but you’re leery of the fee structures woven into many mutual fund products? Ideally, Canadian investors would be able to play … Read more
NEW YORK–Emerging market shares trading in New York were rising early Friday afternoon, with investors remaining upbeat over Latin American stocks despite their recent record rallies. The Bank of New York’s Emerging Markets American Depository Receipt Index was up 1.2% at 153.95 points, with the Latin America ADR index up 0.9% and Asia’s 0.8% higher. … Read more
American Depository Receipts (ADRs) have long been one of the easiest ways to invest in emerging market stocks without foreign regulatory complications and J.P. Morgan Chase and Thomson Financial offer a one-stop shop. ADR.com provides market overviews, research and customizable portfolios. Investors can track the performance of country indices and more than 40 sectors. J.P. … Read more
For investors who bought technology funds during the internet boom, only to see their value halve when the bubble burst, studying “behavioural finance”, the analysis of irrational investor behaviour, could pay big dividends. Behavioural finance contrasts with the traditional argument that markets are “efficient” that is, share prices reflect publicly available information. According to this … Read more
There’s no question: The energy market is hot. Since the beginning of 2004, oil prices have soared more than 50%, while natural-gas prices have lingered well above historical averages. Likewise, energy stocks have posted dramatic returns as expected future cash flows have risen. Naturally, our energy stock valuations are highly contingent upon the oil and … Read more
January is the time to take your view for the year, and most of my conversations with Wall Street players (or “playaz”,depending on their self-image) in recent weeks have consisted of exchanging guesses about the macro prospects. Of course, one 12-month period should be not be different from any other but the outcome at the … Read more
The Swiss Fixed Annuity is a contract with a stable Swiss insurance company that guarantees your principal and all interest payments. It has a flexible duration, and may be liquidated at any time. It is one of the very few interest-bearing investments in Switzerland not subject to Swiss withholding tax. Principal and interest are guaranteed … Read more
In my view, sticking to the common myth that bonds should be bought and then stored in a safety deposit box is a foolish way to invest. Bonds are investment instruments that must be traded like you would trade a stock. To most of you, a bond is a secure, mostly stagnant investment that provides … Read more