If You Don’t Own Commodities, Your Portfolio Is Misallocated
Key Takeaways · Investors continue to plow money into expensive assets and ignore one of the cheapest assets in the world – commodities. · Commodities offer equity-like returns with similar risk attributes. · Because commodities have drastically underperformed stocks and bonds during the current cycle, commodities are severely under-owned in most portfolios. This is not surprising, as most portfolios tend to be backwards looking (i.e. let’s buy what’s worked recently). · Com
Media's Misunderstanding Of ETFs
Every time the market has a period of extreme volatility, as it did in early February, there is no shortage of TV personalities who find a way to blame it on the ETF industry. Despite the fact that the ETF industry has done more good for the average investor in terms of lowering fees, providing transparency and helping investors build intelligent portfolios than any other development in the industry in the last 50 years, their success sometimes makes them an easy target. I am
