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Category: Myths

Buy in May and Stay Invested

It is their job to entertain. It is your job to ignore… “Sell in May and Go Away.” Perhaps the catchiest of all market sayings and one we hear repeated year after year. But how has it actually served investors over the years? Let’s take a look. Since 1928, the S&P 500 returns from May […]

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Is Gold Really the Best Inflation Hedge?

“Gold is the best hedge against inflation.” – Pundit There’s not a week that goes by where we don’t hear one pundit or another promoting Gold as a valiant protector against inflation… Inflation is coming, we are told, and when it does you better own Gold. Sounds wonderful in theory, but what does the evidence […]

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Junk Bond Myths

What are high yield bonds? I don’t mean the textbook definition (corporate bonds with a credit rating below BBB), but how they actually behave in terms of risk and return. In attempting to answer this question, let’s address some common myths surrounding the asset class affectionately known as “junk bonds.” Myth #1: High Yield Bonds […]

Myths, Markets and Easy Money

“Finally, while my observations are uncertain and should be taken with a grain of salt, what I am sure of is that valuations and markets are elevated, and the easy money in this cycle has been made.” – Howard Marks, Oaktree Capital Memo (July 2017) “The easy money has been made.” If that saying sounds […]

U.S. National Debt continues to rise and many investors are afraid. This fear is nothing new; it has been around for decades. Is it rational for equity investors to fear rising debt levels? Let’s take a look. First, some background. Since 1966, the U.S. National Debt has risen in each and every calendar year. Through […]