Financial Perspectives

with Michael Dubis, CFP


Some initial thoughts on a possible low-return investment environment

Bond yields are at historical lows. Some global (including U.S.) equity valuations are subjectively at historically high valuations (subjective meaning there is some varied opinion here). It’s impossible to know what this means in the short-term. It’s also very difficult to exploit in the short-term. The long-term historical evidence though suggests when valuations trade at high levels, future returns may be lower.

Posted at 10:01 PM | Permalink | Comments


Do you have an investment philosophy?

Many people invest based on rhetoric, stories, or simply emotional reactions. This often leads to bad outcomes and it’s why so many people do so poorly when they invest.

Posted at 04:24 PM | Permalink | Comments


Market insights from the surprise Brexit vote

I write this on Friday morning following the surprise vote by the British electorate to leave the European Union (EU). Most markets and polling believed the United Kingdom would stay put, and so priced them “remaining” into global market values. This “leave” vote was a surprise and this is why we’ve already seen a huge amount of market volatility in the aftermath of the vote.

Posted at 02:50 PM | Permalink | Comments


When does indexing investments require caution?

I’m a big fan of index funds. I prefer lower-cost asset class funds (similar to indexes, but more surgically structured to target factors or asset classes), but let’s not nitpick here. Today, the investment world well knows the value of indexing.

Posted at 09:08 PM | Permalink | Comments


The world didn’t end in the first quarter of 2016

In February, I wrote about the bear market we were in and the fact there was little an investor could do about it that would be short-term exploitable. That doesn’t stop people from trying to do something about it and it doesn’t stop “experts” from making bold and extreme claims. In fact, many supposed experts were prognosticating that the financial world was coming to an end!

Posted at 04:07 PM | Permalink | Comments

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About This Blog

It is an understatement to say the world has experienced a radical shift in capital markets. There are more layers of information and opinions on the direction of the world than we've seen in decades. The internet and the media do not always make it easier, but Michael Dubis' contribution through IB blogs will help you sift through the noise and give you some perspective. You can find his company online.

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