The S&P 500 Index has risen by a compound average of 11.5% a year since the end of 2008, and returned 16%, including dividends, last year. But as we noted…
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Archive by Month: January, 2013
Why Are You Over-Allocated to Core Bonds?
In the early 1970s my father decided to encourage me to save and teach me a bit about investing. Long before mutual fund management was a twinkle in my eye,…
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Posted in Investing
Tagged equities, investing, stock market, stocks
On Investing
Reflecting on reflexivity……. Investment books are a bit like golf instruction books. I’ve always felt that there is a bit of truth in all of them, plus a bunch of…
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Why We Now Hate the Japanese Yen
Oppenheimer International Bond Fund has historically held around 15%-20% of its assets denominated in one of the largest currencies in the world, the Japanese yen. That shouldn’t be surprising, after…
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Posted in Global Economy
Tagged bonds, currency, Japan
OppChart Weekly: Why It’s Opposite Day in the World’s Debt Markets
Historically, investors have demanded higher compensation – usually in the form of higher yields – to lend to a high debt, low growth nation than they would a low debt,…
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Posted in Investing
Tagged currency, debt, emerging market bonds, investment portfolio, OppChart