Trading, Investing, and Costs

By |2017-03-06T17:50:57-04:00March 6th, 2017|Categories: Global Market Update|Tags: , , |

How much does excessive trading cost? Source: At the Sugarbush ski area in Vermont, there’s a quiet, ungroomed, expert-only part of the mountain known as Castle Rock. 20 years ago, owner Les Otten wanted to “upgrade” the section with a high-speed quad. The locals protested, sporting signs and bumper stickers that read: “More Rock. Less Otten.” These days, I feel that I should be carrying a placard around the market that reads, “More Investing. Less Trading.” [...]

Getting Going

By |2016-11-17T15:45:35-04:00July 18th, 2016|Categories: Global Market Update|Tags: , , |

How do you get started investing? Photo: Adam Raoof. Source: Animal Photos Investing can be daunting. Stocks, bonds, real estate, commodities—they all seem to hitting record highs. And there’s all the specialized jargon: cash settlement, maturities, dividends, not to mention taxes. Sometimes it seems like the industry deliberately makes things unclear so you’ll have to go to them for advice. And nothing comes for free, does it? We’ve all read stories of Ponzi schemes and other predatory [...]

The Learning Discipline

By |2016-11-17T16:13:49-04:00July 27th, 2015|Categories: Global Market Update|Tags: , , , |

What’s the key to successful investing? Source: Get Refe There isn’t one key. There are lots of them: understanding ourselves, diversification, setting good goals, managing risk—the list goes on and on. And there are many fruitful investment styles: value, growth, momentum, factors, index investing. Successful investors have to pay attention to lots of things all the time. But when you study great investors like Mario Gabelli or Laura Sloate—the blind stock analyst whose blindness forces her to [...]

Fraud, Fraudsters, and False Financials

By |2016-11-17T16:14:34-04:00July 20th, 2015|Categories: Global Market Update|Tags: , , |

Can we see financial fraud before it hits us? Photo: Dave Meier. Source: Picography Not always. But published financials can give us some clues as to when managers might be cooking the books. Published financial statements are supposed to reflect reality on the ground. They’re supposed to give an accurate picture about how the business is doing in its day-to-day operations. But we live in a world where investors often fixate on one number—earnings per share (EPS). [...]

The Emotional Investor

By |2016-11-17T16:16:45-04:00June 24th, 2015|Categories: Classical Investing, Global Market Update|Tags: , , |

By Douglas Tengdin, CFA How do you feel about investing? On one level, that’s a foolish question. Investments aren’t supposed to be objects of affection. It’s one of the most basic errors to fall in love with a stock. You should never love something that doesn’t love you back. It keeps you from selling when you should; it makes you focus on just one small part of a much larger financial picture; it’s like obsessing on the [...]

Investing in Airlines

By |2016-11-17T16:17:04-04:00June 22nd, 2015|Categories: UI Journal|Tags: , |

They may be romantic,  but are they a good investment? By Steven Albrecht I have been a pilot since I was 17 years old. I passed my first flight exam on my birthday as soon as I was old enough to hold an unrestricted pilots license. Over the years I have owned several aircraft of which my Seneca turbo charged twin was my favorite. I have also traveled a great deal in my career and accumulated many [...]

Retail Therapy

By |2016-12-01T12:38:38-04:00June 16th, 2015|Categories: UI Journal|Tags: , , |

By Karen Crump What's your favorite past time? Mine is shopping... I enjoy shopping for special occasions - birthdays, holidays, household decorations and of course shopping for new clothes. Shopping also known as "therapy" makes us feel good and that can explain why consumer spending makes up 2/3 of GDP (gross domestic product). Well, no, that is not really the explanation but we the consumers do like to spend money. So, when I hear the headline news [...]

Tips from Trading (Part 1)

By |2015-04-08T09:49:16-04:00April 6th, 2015|Categories: Global Market Update|Tags: , , |

Image Source: GoodFreePhotos Can investors learn from traders? The short answer would seem to be no. After all, investing is a long-term discipline. Goals and objectives are measured in years and decades. Trading is short-term, with positions that can last just a few hours, minutes, or even seconds. But both deal with financial instruments and financial risk. Both require you to make decisions with imperfect information. And both play on our emotions—making us euphoric and giddy when [...]

Mountain Goat Investing

By |2015-03-05T09:35:59-04:00March 5th, 2015|Categories: Global Market Update|Tags: , , , |

Photo Credit: Brad Pelz What’s your investment approach? My daughter climbed a mountain in Colorado last month. As she and her friends neared the summit, a mountain goat followed them. It hung around while they had lunch, and presumably had a nice little meal of its own on leftover crumbs and morsels when they left. Normally you wouldn’t expect to find wildlife above 14 thousand feet, especially in the winter. There’s not a lot of grazing up [...]

Saving The Dream

By |2016-11-17T16:31:17-04:00December 30th, 2014|Categories: Global Market Update|Tags: , , |

Why is it so hard to save? Source: US Dept of Interior We often hear that there is a retirement crisis in this country. People don’t save enough today to fund their retirement tomorrow. And with the national savings rate somewhere around 5%, that seems pretty accurate. After all, if you save 5% of your salary for 40 years—and just put it in the bank—by the time you retire you’ll have only two times your salary socked [...]