Tax

Will we learn from Boris Johnson?

Does anyone really doubt who will win the Tory leadership contest? Prime Minister Johnson here we come. That awareness resulted in me re-reading Max Hasting’s comments on Johnson. Hastings knows Johnson well. He was his editor on the Telegraph. And he is a Tory, of course. He said of Johnson: Why should he not be […]

Investing

The Great Australian Finance Experiment

My five-year-old son is obsessed with maths. The other night he worked out that the maths app game we play each night is charging us a recurring fee. He was ropeable: “You need to delete this game off the iPad, or we’ll keep getting billed. Do you understand, Dad?” I nodded. Chip off the old […]

Investing

Introducing … Zuckbucks?

Facebook is set to launch its own crypto-currency next year, the BBC reported this week. (The article referred to the new currency as ‘GlobalCoin’ … though I much prefer ‘Zuckbucks’.) So, will this be yet another crazy crypto coin? Not a chance! My bet is that ‘Zuckbucks’ will be as boring as your Aunt Betty’s […]

Investing

Growing Distribution Webs Boost Retailers’ Competitive Advantages

  I I RETAIL SALES JUNE 2019 I Research Brief Growing Distribution Webs Boost Retailers’ Competitive Advantages I Consumption underpinned by elevated consumer optimism. Retail sales remained steady in May, increasing 3.2 percent over the past year. Though this is slightly lower than the previous two months, spending appears to have further stabilized following heightened […]

Investing

Tight Labor Market Constrains Job Creation

  I I EMPLOYMENT JUNE 2019 I Research Brief Tight Labor Market Constrains Job Creation I Hiring softens, unemployment rate unchanged in May. Employers added 75,000 jobs last month, maintaining a historically low unemployment rate of 3.6 percent. Downward revisions to March and April’s figures offset May’s gains, taking the average number of new hires […]

Investing

Why Do We Need Inflation?

A reader asks: What’s the deal with inflation? It’s bad for our individual spending power. It erodes the value of our money. Yet, the economists want 2% inflation per year every year. Why do we need inflation for a healthy economy? Why can’t we have a 0% inflation goal? I get the idea behind being […]

Investing

Two reasons to consider investing in the defense industry

Government contracts and a focus on innovation may be attractive in an uncertain geopolitical environment With a $750 billion national defense budget proposal for 2020,1 the US Defense Department is the primary customer for US defense companies. At Invesco Unit Trusts, we believe this unique business relationship offers compelling opportunities for investors in two ways. […]

Investing

How emerging markets can reward creative active investing

Insightful research may deliver a competitive edge in a changing EM world The investment management landscape has changed dramatically with the proliferation of passive investment vehicles and the genesis of machine learning. Active investors are increasingly challenged by mechanistic and non-idiosyncratic methodologies that result in low-fee, but broadly undifferentiated products. As long-term active investors in […]

Stock

Dividend funds got you down?

For good reason, dividend investing not only has become increasingly popular in recent years, but also has become more efficient through the use of ETFs. With over 300 equity income-oriented mutual funds and ETFs[1] available, identifying and investing in an appropriate dividend fund can be difficult and confusing for even the most sophisticated investor. However, […]

Stock

Understanding equity hedges

2019 is fast becoming a year of extremes. After the best start to the year in decades, U.S. equities experienced one of their worst Mays on record. While stocks have subsequently bounced, the damage to risky assets lingers. The Nasdaq Composite and Russell 2000 indexes flirted with correction territory, down 10%, while semiconductor stocks approached […]

Stock

The potential impact of a monetary policy shift

The Federal Reserve is considering a changing its monetary policy framework from flexible inflation forecast targeting to one of several strategies known as make-up strategies. What does this potentially mean for markets and the economy? I delve into the potential impact in this post, the final in a series of blog posts on the Fed’s […]

Stock

Dividend Increases: June 10-14, 2019

Companies that increase their dividends regularly show confidence in their ability to grow earnings. I monitor dividend increases to find candidates for analysis and possible investment. This article summarizes last week’s dividend increases and includes a summary of upcoming ex-dividend dates. Two of my DivGro stocks will pay higher dividends from now on.Read more »

Stock

Dividend Increases: June 3-7, 2019

This article summarizes dividend increases from last week. I monitor dividend increases to find interesting stocks for further analysis. The article includes a summary of upcoming ex-dividend dates for a two-week period. One of my DivGro stocks announced an impressive 20% increase!Read more »