Monthly Archives: May 2018
Stagflation/Quad 3, Real Yields, And Allocation To TIPS
In the US both breakeven inflation AND real yields have risen Positive real yields are hard find across the globe. A 1%-real yield in the US locked in for 10 years is internationally attractive. The cycle is likely in a … Continue reading
Dangerous Flaws In Financial/Retirement Plans And Where To Focus
The flaws of Defined Benefit retirement plans are still embedded in today’s financial plans Just looking at one projection of assumptions can be highly misleading Variability of returns lowers investment results, and is a flaw in projections Just variability … Continue reading
The Fed’s QT Blunder And Libor’s Warning.
The chart above shows the progression of Libor since the Fed’s first rate hike in December 2015. The progression was smooth until QT (discussed twice before this year) started to kick in at the end of 2017. Now Libor has … Continue reading
5 Steps Transform Long Term Investment Returns
Step 1: Dalbar 2017 Report: Understand why “investors suck at investing”. Step 2: Appreciate the benefit of consistently positive low volatility returns. Step 3: Understand repeatability of returns and use a better investment metric: RVAR (Repeatable Volatility Adjusted Returns) Step … Continue reading
