The greatest threat posed by the meteoric rise in mortgage defaults and the resultant collateral damage in the capital markets is that they might cause investors to abandon their long-term strategy. Investors who are aware of their capacity for risk, and who have established an appropriate allocation plan should view recent events as no …
Who is to blame for the “subprime mess?” Though there is no clear scapegoat, indignant politicians and regulators are already responding with a raft ofbailouts and proposed solutions. We are skeptical of interference. The mortgage market has the ability to emerge stronger without interference from Washington. Mortgage lending has changed dramatically in recent years. Today, …
In the roll call of disappointing earnings and business write downs from investment banks lies a grim common refrain—the once glittering and somewhat mysterious world of structured finance is in trouble. The financial losses and many cuts to staff at banks such as UBS, Citigroup and Merrill Lynch are centered in that new industry, which …
We have changed the “back page” of the INVESTMENT GUIDE in order to provide you with more useful information regarding our recommended investment vehicles. We have also changed our recommendations considerably following a careful review of investment vehicles available for each of our recommended asset classes. We have eliminated or replaced several recommended investment vehicles. …
Nov. 2007 – The Investment Guide: New Recommendations, New Look Read More »
We are often asked about the nature of our investment research and how it is affected by our parent organization, the American Institute for Economic Research (AIER). Indeed, in the world of money management it is an unusual arrangement, but one that confers benefits to both organizations and, by extension, to the donors, subscribers, and …
Dec. 2007 – AIS: A Distinct Approach to Research Read More »
IG2007Index.pdf
I will understand my own circumstances and formulate an investment plan based on my needs, not in anticipation of market trends. • I will remind myself that investing is not a form of entertainment—if I have an urge to gamble, I will go to Las Vegas and leave my investment portfolio alone. • I will …
Worried about a decline in the value of your home? Financial instruments are now available that can alleviate your fears, at least according to those who are offering these products. The indexing mania that now reaches virtually every corner of the capital markets recently extended into residential real estate, through the S&P/Case-Shiller Home Price indices, …
Financial headline writers scrambled feverishly to explain the market swoon of February 27 which by the end of the day had sent the S&P 500 plummeting 3.5 percent. Soon after the opening bell, Reuters exclaimed: “Stocks fell sharply at the open…after China’s main stock index tumbled and an unsuccessful assassination attempt on Vice President Dick …
The statistical indicators of our parent organization, the American Institute for Economic Research, suggest that while economic contraction is more probable than continued expansion, the timing of the next recession cannot be determined. Investors should assume that the capital markets are “aware” of this situation, and simply maintain their current portfolio allocations. Our model portfolios …
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