15 August 2017

Bitcoin hype - stop calling it a 'Currency'

Temple Associates: Bitcoin hype - stop calling it a 'Currency'

9 August 2017

Russia Launches $100 Million Bitcoin-Mining Operation

I may be too old, or just plain stupid, but can ANYONE really make a rational case for Bitcoin, or is it just the chain letter re-invented for the Internet Age and the 'Social' media crowd hosted by quasi-monopolistic neo-feudal lords?
Russia Launches $100 Million Bitcoin-Mining Operation

7 August 2017

Meaningless League Tables and Awards

When selecting a provider of asset management or private bank you should disregard League Tables or Awards. They are meaningless as they disregard the most important factor - past performance and the risk data that is a critical part of it. Naturally security of assets should be another factor that is essential when making your choice. Choose a neutral adviser who has no financial interest in your decision to assist you.
https://www.cnbc.com/2017/08/07/deutsche-bank-slips-down-rankings-of-worlds-top-private-banks.html

6 August 2017

'Private' Equity Performance data - how reliable?

Apart from the fact that the promoters control when and what is happening with the portfolio there is the overriding question of comparing apples (listed equity indices, based on actual real-time transactions) and oranges (prices determined in an opaque fashion, high leverage key to investment rationale).
So triumphant messages such as this one can only be considered public relations unless the data is made public (not just sold to subscribers) and the methods properly disclosed. After all, the real end investor has a right to be fully informed about what his fiduciaries are up to with his hard-earned savings!
http://www.cityam.com/269664/private-equity-investors-nab-their-highest-quarterly

28 July 2017

Robo-Advisers lose their innocence

Human nature does not change - despite all the talk about Robo-Advisers. The computers may be programmed so that they do not select the best possible investments for you!

23 July 2017

Blue Apron's VC backers have made gobs of money — while regular investors have taken a bath (APRN)

Ordinary Investors - lambs led to the slaughter by insiders, market professionals and intermediaries. All the world's regulation is useless! Leave IPO's to the Pros
Blue Apron's VC backers have made gobs of money — while regular investors have taken a bath (APRN)

14 July 2017

The REAL problem with ETFs

As it is so easy to buy/sell the ETF, and in effect the market, and so much money is controlled/advised by 'professional' advisers (even more subject to herd instinct) the moment the markets turn, or a light downtrend accelerates, will be when ETF investors rush to the exits - and the door will be awfully narrow.
No bubble in ETFs?

29 June 2017

30 reasons to love Index Funds

http://www.marketwatch.com/story/30-reasons-to-fall-in-love-with-index-funds-2014-06-04

18 June 2017

Road to Serfdom - USA well on the way

Good advice is now needed more than ever! Big Government is after your Money!

Bitcoin And Cash Targeted In Silly "Anti Terror" Civil Asset Forfeiture Law

Morgan Stanley Adviser's fees - Your loss?

Given that nearly all asset classes are in a steady upwards trend for quite a few years it may not hurt your pocket if your 'Adviser' pockets $ 1 million a year from his clients. But that will change - even if markets hold up, the expected returns will at best be in the low to middle single digits and any fee around the average charged by the Financial Industry (1% of assets) will take a hefty chunk (20-35%!) out of those returns.
Strict control of fees you pay will be a major contributor of your investment performance from now on!
Morgan Stanley is going after a $500 billion opportunity (MS)