1 December 2016

Gold is the ultimate protection

Governments are waging a silent war against Cash. They don't do it openly but sail in the tailwinds of Financial Technology Companies, including Credit Card providers and Banks that do the dirty work for them. Cashless societies open the door to total control of all activities and by implication also total control of the citizens, or maybe one should call them worker ants that are only allowed to finance the more and more absurd spending perpetrated by the Polit-Establisment. Gold is even more unpopular in that Nomenklatura and it is no wonder that there are persistent efforts to make it difficult to buy and hold gold.
Given that it is the ultimate insurance policy against total state control of your wealth careful planning is imperative when purchasing and storing gold.

Sad end to Swiss Bank Secrecy

Switzerland has been created as the result of a tax revolt against its Hapsburg (Austrian) overseers. So it is sad that a proud nation abases itself to become what can only be seen as a tax collector for the USA. Different nation states with different laws and customs were the main factor behind the fantastic cultural and economic development of Europe - in stark contrast to the unitary state of China.Nevermin d that bank secrecy helped any number of persecuted people to escape from Nazi Dictatorship with their lives and the means to start a new life elsewhere!

Credit Suisse said to freeze accounts in search for U.S. assets

Do you know your Asset Allocation?

While picking individual stocks, currencies, bonds or even countries and sectors may be sexy most investors do not know that the decision about asset allocation (stocks/bonds/currencies/real assets) is the most important factor in achieving long-term investment success. Depending on your personal situation this holistic approach should also include real estate and interests in business, either directly or indirectly held.

31 October 2016

It all comes down to style in Managed Futures (HedgeWeek)

30 October 2016

How many fees does your Fund Manager charge?

News that M&G, one of Britain's largest investment fund providers (and part of Prudential Insurance) charged investors in just one of its funds (the £15.5 Bio Optimal Income Fund) an administration fee of £34 Million last year demonstrates how important it is to keep a close watch on the expenses incurred by your investment portfolio.

17 September 2016

Top 40 Wealth Managers in USA

Nice job Barron's Magazine, but pretty useless table, no information on performance, fee structure. So a lot of work but the crucial data is missing. Bigger is not better!

12 August 2016

Market Professionals at an advantage

Any Retail Investor, small or of 'high net worth' should watch the activities of investment professionals like a hawk. Market Insiders always have an information advantage that can allow them to charge higher fees or find excuses for under performance. 
The Dirty Little Secret of Finance: Asymmetric Information (Bloomberg)
Information asymmetry: Secrets and agents (The Economist)

14 June 2016

Smart Beta - Old Wine in new Bottles

Be careful not to be taken in by fashionable slogans. Smart Beta is currently pushed by Asset Managers but basically it is nothing else than Style Investing - and that idea has been around for decades! The problem is of course that you still have to select the right style/strategy.

11 June 2016

Chinese Shares - ready for Mum and Dad?

News that a commercially-driven entity may decide how billions of investor's savings are deployed in the fast-growing Chinese Equity markets should set alarm bells ringing. After all, China is still in the grip of a communist dictatorship. Recent economic growth may well be impressive - unless you are belonging to the millions who have been pushed out of employment by cheap Chinese labor - but that should not mean that question of morality and fair play are forgotten in order to lure investors into a market that is anything but transparent - at least not as far as 'Western' Investors and Savers are concerned. Allowing index designers free reign over the fate of our Savings is totally irresponsible.
China's A-Shares Prepare to Flood Your ETFs (Barron's)

31 May 2016

Buy and Hold - good strategy - esp with benefit of hindsight

We all can see that buying in the distant past - be it stocks, property or gold - was a good strategy that paid off in spades. It may well still be the best strategy for future investments - especially given how difficult market timing can be, for the amateur investor but also for the professionals.
But blindly buying and holding per se is not a strategy, I would rather tend to call it a guideline around which the really difficult investment choices have to be made.
The not-so-secret way millionaire investors get way richer (Yahoo)