What to Do When There’s Nothing to Do (Part 2)

In my last post I suggested that most investors over-manage their portfolios. In other words, the inability to remain patient and allow long-term strategies and quality managers to do their jobs is harming our returns. Those returns are damaged in the first place by the costs associated with frequent portfolio changes, especially transaction costs and taxes. But in addition, most changes tend to harm our long-term returns as we: read more »

Time to Junk Junk? (Part2)

Users of the Moneybags© app(1) will recall that slightly more than a year ago (post of 2/22/13) I examined the case for junk bonds,(2) to which Moneybags had a 10% opportunistic exposure. read more »

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