Bitcoin: A Prudent Investment?
To Bitcoin or Not to Bitcoin: What Should Investors Make of Bitcoin Mania? Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper […]
Average Annual Return
“I have found that the importance of having an investment philosophy—one that is robust and that you can stick with— cannot be overstated.” —David Booth The US stock market has delivered an average annual return of around 10% since 1926.1 But short-term results may vary, and in any given period stock returns can be positive, […]
Investing in Uncertainty
“Doubt is not a pleasant condition, but certainty is an absurd one.” – Voltaire “The market hates uncertainty” has been a common enough saying in recent years, but how logical is it? There are many different aspects to uncertainty, some that can be measured and some that cannot. Uncertainty is an unchangeable condition of existence. […]
2016: A Year in Review
Every year brings its share of surprises. But how many of us could have imagined that 2016 would see the Chicago Cubs win the World Series, Bob Dylan receive the Nobel Prize in Literature, Donald Trump elected president, and the Dow Jones Industrial Average close out the year a whisker away from 20,000? The answer […]
Negative Interest Rates
Nominal interest rates are currently below zero in many countries, including Germany, Denmark, Switzerland, Sweden, and Japan. With new acronyms like ZIRP (Zero Interest Rate Policy) and NIRP (Negative Interest Rates Policy), these levels have turned the common belief that zero is the lower bound for such rates on its head. While negative interest rates […]