Here's a scenario worth considering. It's not a conversation one would have with Your Survival Guy, because I’d hang up after 15 seconds, but look around the web and all these financial firms are promoting feel-good products like ESG that have nothing to do with return on investment. It’s about vacuuming up money. The phone rings and it’s Mr. Billionaire. He's calling to check on his money and lamenting about the crime, the pollution, and the impoverishment. He says, "I want to invest in companies that do good and make the world better. I can afford it. What’s that guy over at that big … [Read more...]
Do You Know How to Structure Your Bond Portfolio?
Do you know how to structure your bond portfolio? When companies issue debt, for example, they put out a spread of maturities and coupons. It reminds me of setting out the spread when sportfishing for sailfish. You have your three lines through the outriggers, for example, on port and starboard with kites keeping them on the surface. You have a couple lines off the stern at high and low depths trying to work the water column. You spread out your options. When it comes to your bond ladder, you want to put a portfolio together that provides income while controlling the two main risks, credit … [Read more...]
Your Survival Guy’s Champagne Taste on a Beer Budget
What’s Your Survival Guy’s solution to satisfy my Champagne taste on a beer budget? One word: Prosecco. Go for the orange labeled Mionetto for $13.99 or any other comparable bottle. Prosecco costs a fraction of what you’ll pay for some Dom—about the same as a twelve-pack of Bud Light bottles. But you’ll look and feel like a high roller popping this Italian bubbly for friends and family. Cheers! Action Line: Keep some in the fridge to make an ordinary night extraordinary. Click here to subscribe to my free monthly Survive & Thrive letter. … [Read more...]
Four Year Old Spends Two Cold Days Alone in Montana’s Wilderness
You know there's no more difficult situation to imagine than your child in danger somewhere you can't help them. That's where one family found itself late last week in Montana, as their son, 4-year-old Ryker, went missing for two days in the woods. The NY Post reports: A missing 4-year-old boy was found safe after surviving two days on his own in the Montana wilderness in cold temperatures over the weekend. Ryker Webb was found Sunday unharmed but “hungry, thirsty and cold” after a two-day search involving ground responders, ATV teams, canine teams, drones, helicopters and a boat unit from … [Read more...]
WARNING: Private Equity Investing Coming to a Retailer Near You
Don’t look now, but private equity is looking to tap into the retail investor market. Looks like they ran out of money on the institutional side—you know, the pensions for firemen, teachers, and police officers. This is all about the sales pitch. But where do you think they’re investing this “alternative” money? What’s clear as day is the lack of transparency. They lock up your money so you can’t get it, and you basically pay them to make sure you’re a long-term investor. I don’t like it. The best things in life are free. Your Survival Guy is here for you. Stick with me. The WSJ PRO’s Chris … [Read more...]
Top Hedge Funds Punished by Growth Stock Selloff
Hedge funds that put investor money in what they must have thought were "never-ending" growth stocks are hurting. The Wall Street Journal's Juliet Chung reports on the pain being felt by funds like Tiger Global Management and Melvin Capital Management, writing: Tiger Global Management’s brutal year is getting even tougher, with losses at the firm’s high-profile hedge fund ballooning to 52% through May. Tiger reported the drop, which extends a 44% loss recorded through April, in a note to its investors Thursday. The firm’s long-only fund lost 20.6% in May, bringing its losses for the year … [Read more...]
Will the Fed Tighten at Its Next Meeting?
Will the Fed tighten at its next meeting? Listen, I’m Your Survival Guy, not some gambling website. We’ll see what happens, but I’m not betting the ranch on Charlie Brown threading the needle and kicking the field goal. What I do know is the Fed’s talking its book, and the market bid rates higher. What could possibly go wrong? READ: The Dangers of a Federal Reserve Digital Currency When there’s chaos in the markets, you need to be ready to strike as opportunities present themselves to you. When stocks and bonds were tumbling, bond yields all of a sudden looked more attractive. And that’s why … [Read more...]
EXPOSED: ESG’s Biggest Con Explained
You've been told that ESG is in the best interests of investors. And you've probably heard that ESG managers are just doing their fiduciary duty to investors. At Real Clear Markets, Scott Shepard exposes the lie in both those theories. He writes: Stakeholder capitalism is not about politics. It is not a social or ideological agenda. It is not “woke.” It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper. This is the power of capitalism. As has been discussed before in this space, … [Read more...]
Nowadays, Everyone Is Getting Some Dividend Religion
Do you have dividend religion? Do you need some? Stock trends come and go, but dividends meet the test of time. Put father time on your side and put the miracle of compound interest to work for you. Karen Langley and Gunjan Banerji report in The Wall Street Journal on the market’s big boost for dividend stocks, writing: Cash is king right now. The latest evidence: the market’s embrace of dividend-paying stocks over another longtime favorite, firms that do buybacks. Investors are rushing to companies promising regular payouts to shareholders, a sign of Wall Street’s hunger for cash in … [Read more...]
The Virtue of Trump Supporters vs. Antifa and ESG Investing is Like This…
Wouldn't it be nice if you could invest without the ESG virtue signaling? Well, you can if you own your own stocks, not a mutual fund or ETF. How about someone speaks some truth to the waste of money called ESG? Hold the press. That's exactly what HSBC executive Stuart Kirk did in a presentation last week. How'd it go? Not great, as the editors of The WSJ explain. HSBC executive Stuart Kirk gave a presentation at an investor conference last week, taking banking regulators to task for overbaking the financial risk of climate change. What was he thinking? As punishment for his heresy, the … [Read more...]
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