Review: DIY Financial Advisor

It’s probably bad form of me to slander my own profession, but sometimes it is roundly deserved. So today, I’m going to share some of the insights of Wesley Gray, Jack Vogel and David Foulke in their 2015 book DIY Financial Advisor.

The Case for Mortgage REITs

2015 has been unkind to the mortgage REIT sector. The iShares Mortgage Real Estate Capped (REM), a basket of the largest and most actively traded mortgage REITs, is down a little over 8% year to date. Including the large dividend, that loss shrinks to …

This is why I love Switzerland

This story has absolutely no economic significance. I’ve just always admired the Swiss approach to national security, and I’m a little sad to see the bombs under their bridges dismantled. With its cobbled streets and ornate houses, Bad Säckingen has little of the front line about it. But until recently, that is exactly how Swiss [&#8…

5% GDP Growth? Really?

GDP growth for the third quarter was revised higher, from 3.9% to 5.0%. But I’m viewing the numbers with a healthy dose of skepticism. I tossed out my thoughts on StockTwits this morning: Not to be a wet blanket here, but the bond market is NOT behaving like #GDP is growing at a 5% clip. […]

A Very Digital Christmas

I’ve been writing for a while now that the disappointing Black Friday sales didn’t tell the whole story. Yes, Black Friday sales were downby 11%, but the holiday discounting started weeks earlier this year and, frankly, the novelty appeal of Black Friday has worn off after six years of increasingly aggressive promotion. I’m concerne…

StockTwits Banter: Trading Russian Stocks

Beware the Russian bear! Think this guy is afraid of a little bear market? Think again! $RSX http://stks.co/q19eJ — Drasko Kovrlija (@NoanetTrader) Dec. 16 at 10:38 AM It’s been a wild ride for investors in Russian stocks–myself included. Russian stocks have proven to be a frustrating value trap, a cheap market that continues to get…