The chart below is amazing. It originates from Bank of America’s Merrill Lynch and shows the yield of European stocks currently exceeding the yield of European junk bonds. So why do I think this state of affairs is “amazing?” First there is one’s reaction or ...
read more...
Below is a review of market sectors in the fourth quarter of 2016 jointly written by our investment team. Energy Energy stocks were the best performers for the year, posting gains of 25%. In the fourth quarter, the energy sector was up 8%. Over 100 oil and gas produces have declared ...
read more...
Two years ago, almost to the day, I wrote about the Puerto Rican debt crisis and how mutual funds had foolishly loaded up on high-yielding, risky Puerto Rican debt. Thus investors who thought they owned, say, Virginia municipal bonds, actually had 50% or more of their assets in Puerto Rican ...
read more...
As I’ve written previously on our blog, one of the firms that makes a strong case for the value of actively managed investment portfolios is Vanguard. If this sounds paradoxical, it’s only because there’s a lot of public misunderstanding about what the debate over ...
read more...
Should a wealth manager spend his time picking stocks or picking funds that pick stocks? I pose the question because at O’Brien Greene we pick stocks (and bonds and other publicly traded securities like real estate investment trusts or REITs) for our clients, and we think that this is a ...
read more...
