End of the Month Summary – January 2015

January wasn’t too bad.  I lost money on paper, but I’m in the middle of the indexes’ losses and view my holdings as having much more upside potential.  My account looked pretty good for most of the month, considering the broad based losses across the indexes.  By the …

Should Financial Advisors Be Fiduciaries?

A reader writes, asking: “Do you think that a financial advisor should be a fiduciary? I’ve seen that discussed elsewhere, but never on your blog.” Well, that depends on exactly what you mean. If you’re in the market for a financial advisor, and you’re wondering …

4 Global Mutual Funds to Outperform Peers – Zacks.com

4 Global Mutual Funds to Outperform PeersZacks.comThe key benefit that global mutual funds provides is diversification since they invest in overseas markets while also holding domestic equities. Thus, they make good additions to a portfolio weighted in favor of domestic investments. The tepid economic …Sentry Investments and Sun Life Global…

Jet Shopping Club Promo: Free 6 Month Membership ($25 Value)

Online shopping club Jet.com has been hyped as “part Costco, part mall, and all anti-Amazon” by Businessweek. It’s not even live yet, but it will be like Costco in that Jet plans to make their profit only from membership fees and make no money on actually …

Stocks Kick Off February with Gains

A late day rally helped kick the month of February off with solid gains across the board.  Led by energy the S&P 500 closed higher by 1.3{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}.  The Dow Jones Industrial average followed up with a gain of 1.14{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}.  Lagging the session was the NASDAQ and Russell 2000.  Economic data was …

Oil Majors’ Profits Take A Beating

The first quarterly earnings reports since the collapse of oil prices are in and the numbers show a significant deterioration in profits for the oil majors. Royal Dutch Shell went first on January 29, revealing a big jump from the same quarter a year ago, but down from the third quarter …

How negative can interest rates go?

As global bond yields plumb new depths, an unprecedented experiment in monetary policy is underway in two small countries in Europe. By pushing policy interest rates more deeply into negative territory than ever seen before, the Swiss and Danish central banks are testing where the effective lower bound on interest …

US GDP Sets High Expectations

After Fed Chairman Ben Bernanke’s testimony yesterday, the USD has entered a minor down-turn. His statements reaffirmed the notion that interest rates will be held at record lows for some time. Even though the US stock market received a boost from this news, the greenback suffered a set…

From the archives: A false friend

UK Only Article: standard article Fly Title: From the archives Rubric: Why mortgage subsidies are a bad idea IN THIS week’s print edition, we explore how mortgage subsidies have encouraged banks to lend more to homeowners and less to firms, with pernicious economic consequences. The Economist has long been a …

Why quantitative easing and negative interest rates will fail

This is going to be a short thought piece. But the takeaway should be that the convergence to zero will continue unabated as the threat of inflation is muted given the combination of excess capacity, high private debt and unfavourable demographics. The subject is monetary policy. The most in-depth …