A common refrain among gold investors over the past several years has been, gold may be rallying, just not in your currency. This statement has been particularly true for U.S. investors, where periods of dollar strength exacerbated the sideways trading nature of gold since 2013.
If you thought achieving income yields was difficult, life will only get harder—the Fed that giveth can taketh away. Just as investors were getting accustomed to the taste of at least modestly non-zero rates, expectations have shifted swiftly.
The 60/40 portfolio, a strategy of dividing assets between 60% large cap equities and 40% bonds, has long served as the de facto benchmark for risk adjusted returns. The sizable equity allocation allows for decent upside capture and long-term growth, while the fixed income pool dampens the volatility inherent to stock ownership.
It is the wedding band on your ring finger. It is with you every time you’re travelling by car, three grams at least. This is the story of platinum, a metal that follows us and underlies our lives in subtle, yet profound ways.
While commodities were among the first assets to be traded on public exchanges, the irony is that this first market innovation should be resistant to the latest innovation: indexing.
Mental accounting is a truly defining feature of the human condition. We naturally sub-divide and categorize all sorts of events and resources, and not just with money either; it is a coping mechanism for our brains.