Journal to portfolio afterlife

[black-opal]

The interactive chart that follows presents our estimates of the fair value of value stocks relative to growth stocks. When the historical, actual ratio exceeds the upper limit of our estimated fair-value range, the chance for market-beating returns appears to be larger in growth stocks. When that ratio is below the lower limit of the range, such opportunity appears to be larger in value stocks.

The chart highlights the returns that value stocks recorded, relative to growth stocks, in the wake of a trio of their most extreme valuations.

• Following an overvaluation in 1993, value stocks underperformed growth stocks by a cumulative 8 percentage points on their way back to our predicted ratio (the median of our estimated fair-value range). It took three years to get there.
• An undervaluation near the peak of the tech bubble in 2000 preceded an instance of value outpacing growth by 59 percentage points before reaching fair value in about a year.
• In 2020, another undervaluation preceded a return advantage of 46 percentage points in about 20 months. Value stocks never quite got back to our median fair-value estimate before sagging again to a similar state of investor apathy.

Valuations, economy may favor value stocks

U.S. value stocks are poised to outperform U.S. growth stocks over the next ten years. Kevin DiCiurcio, head of the Vanguard Capital Markets Model® research team, explains why.

corporate.vanguard.com

 

[black-opal]

Queste regolette sono fondamentali da capire per chi scegli etf o fondi obbligazionari.

Higher rates/yields, a.k.a. lower prices, aren't a bad thing if we have properly aligned our bond strategy with our time horizon.

Investors must always hold a bond portfolio where duration is shorter than the investor's time horizon.

But be very intentional with your portfolio duration. To enable yourself to be relatively indifferent to price, you need ample time ahead for bonds to mature. The journey, from a human perspective, is basically everything.

If The Good Lord's Willing & The Creek Don't Rise

If you've properly aligned your bond strategy to your investment time horizon, don't fret about lower bond prices. Bonds mature at par. Core bonds have had a brutal go — down nearly 14% over the last three years. Data by YCharts And despite staging a comeback last October, they have faltered...

www.fortunesandfrictions.com

 

[black-opal]

Io non amo molto viaggiare ed anche io condivido la tesi che l'imprinting familiare possa avere una influenza.

In Different Places - HumbleDollar

MY WIFE HAS PLANS for retirement. Travel plans. For too many years, she’s lived a mostly travel-free life. We’ve logged just a few short excursions to hither and yon. Yes, there have been reasons for this dearth of travel that were largely beyond our control. But her biggest obstacle has...

humbledollar.com

 

[black-opal]

Un mito? Degrado della rigenerazione cellulare con l'invecchiamento dice niente?
L'esercizio fisico e rimanere mentalmente attivi non fa altro che rallentare l'inesorabile processo dell'invecchiamento, questa è la cruda realtà. E poi ci sono i molti fattori individuali/genetici/ambientali/relazionali che possono accelerare o rallentare il fenomeno.

This is the idea that all of our mental and physical skills decline over time and there’s nothing we can do to stop the slide.

While our mental and physical skills decline over time, it turns out that most (and possibly all) of them are use-it-or-lose-it skills. This means, if we never stop using these skills, we get to hang onto them— and even advance them—far later in life than anyone thought possible.

Questo è vero, ma il "pensare positivo" aiuta anche se si è giovani

If you treat people in their later years—including yourself—as if they’re old, slow and decrepit, this has a direct negative impact on their mental and physical well-being.

Believing Myths About Aging Makes Growing Old Worse

Believing the myths about aging actually makes us age faster.

time.com

 

[black-opal]

Uno dei motivi per cui l'azionario è bene intonato.

https://twitter.com/x/status/1696692755441811547

 

[black-opal]

7° colpo di stato in Africa dal 2020.

https://twitter.com/x/status/1696773208194650263

 

[black-opal]

Qualche statistica interessante per confrontare mercati emergenti e sviluppati.

https://twitter.com/x/status/1696824652813754614

 

[black-opal]

Cosa non si fa per catturare l'attenzione degli investitori.

https://twitter.com/x/status/1696597888158093451

 

[black-opal]

L'inflazione non potrà che continuare a scendere.

https://twitter.com/x/status/1696827477622964450

 

[captain sparrow]

Io non amo molto viaggiare ed anche io condivido la tesi che l'imprinting familiare possa avere una influenza.

In Different Places - HumbleDollar

MY WIFE HAS PLANS for retirement. Travel plans. For too many years, she’s lived a mostly travel-free life. We’ve logged just a few short excursions to hither and yon. Yes, there have been reasons for this dearth of travel that were largely beyond our control. But her biggest obstacle has...

humbledollar.com

Io ho viaggiato il mondo per 25 anni e adesso è una battaglia continua con mia moglie,che ha geni da zingaro. Se non va in giro, non resiste. Che poi si fanno le stesse cose che si fanno a casa