Category Archives: Portfolio Management

ETF Closures and Splits

With recent volatility, many readers have wondered about two issues they’ve read about regarding leveraged funds: can they “blow up” entirely, and what would a reverse split do to account values? I’ll cover them in order. Let’s define “blow up” as liquidate and stop trading. Many investors assume that because leveraged ETFs (LETFs) move at […]

Also posted in Leverage, TQQQ | 2 Responses

Another Doozy—and You Can Handle It

It was another doozy of a day on Wall Street, and don’t you know it. Everything crashed today: -2.4% Dow -4.0% Nasdaq -3.9% Nasdaq 100 -2.8% S&P 500 -2.9% S&P 400 -3.0% S&P 600 A long downward grind can weigh on even the most stalwart investors, even ones like us who follow rigorous plans. In […]

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No Time to Sell

The S&P 500 entered correction territory yesterday. At the session’s intraday low of $425.86, SPY was -10.3% year-to-date, before ending the session at $429.57. Blame went to Russia, as usual recently. Barron’s wrote that stocks went “reeling in response to the Russia-Ukraine conflict…” In the short term, probably so, but remember that in the long […]

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Are Stocks Worth It?

Now that talk of a double-dip recession has new life, what with the Economic Cycle Research Institute’s weekly leading indicator index turning down for the first time in 18 months, people are asking if stocks are worth the trouble. “Do they suck, or what?” one reader asked. They can, and for long periods, too. From […]

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Don’t Be So Sure

There seem to be few things more appealing to people than lambasting others for being wrong. Yet, despite the boundless evidence that all of us are wrong quite a lot of the time, we still embark on vain searches for leaders who will not be. Do we really expect to find them? Many of my […]

Also posted in Dividends | Tagged | Comments closed
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