A big, fat dividend. Plus China, Brazil and their need for iron.
To illustrate the inflationary pressure we are experiencing, I’ll draw an analogy to personal household finances.
On August 4th, Reading reported Q2 earnings that were nothing short of spectacular. With the 60% growth in book value from last quarter, the gap between where the stock currently trades and the book value has actually widened.
The evidence seems to be telling us that equities are becoming quite attractive. The dust probably hasn’t settled yet, but we believe the bargain bins are filling up.
Diversification by country, currency, sector, region, riskiness, or growth-rate is always compelling in portfolio management.
Another quarter has gone by
...and still no call from your broker
Try real-time communication and transparency
Hope for more Fed intervention coupled with fear about Europe will likely create large price swings in stocks in the next months.
The sky is falling! (But no double dip...)
We will not let a market correction deter us from buying stock of producers that supply the developing world.
For the first time, the full intended composition and shape of the portfolio can now be seen.
Some trades will blow up, and that's no big deal. As long as the trader knows why, he is fine.