Exploding the Wall Street Myths

Posted on February 22, 2007

Exploding the Wall Street Myths Wall Street must have a propaganda machine to generate so many great investment myths. Like most myths, many begin with a kernel of truth, but end up inferring much that may not be true. Shrewd operators (like many financial institutions) often take these myths and use them for their own ends. The inducements are familiar—potential tax savings, greater returns, less effort

————————— read more —————————

Posted in Money Matters Newsletter affiliated, allocation, attribution, consideration, disappointed, diversification, establishing, exemplified, experienced, experiences, furthermore, generational, hepburncapital, hold–period, illustrative, individuals, inducements, institutions, investments, morningstar, performance, possibility, representative, significant, specializes

Active Management Has the Potential to Improve Returns

Posted on February 8, 2007

Moving into 2007, market averages are testing “new-high” territory and have not endured a major correction since late 2002, over four years ago. A sure indicator that investors are beginning to worry that a major drop could be on line for 2007 is a proliferation of articles extolling investors to stay fully invested and not to try to “time” the market. After all, runs the most

————————— read more —————————

Posted in Money Matters Newsletter affiliated, attempting, attribution, consideration, consistent, conveniently, correction, deliberately, deteriorating, dramatically, fluctuations, hepburncapital, historical, illustrates, illustrative, impossible, individuals, investment, investments, investor's, management, performance, proliferation, specializes, statistically

August 2004: New Portfolios

Posted on December 23, 2005

Bond Protection Portfolios Most bond investors know that rising interest rates can cause huge losses in bond portfolios, regardless of whether we are talking individual bonds or bond funds. With bond prices still trying to recover from shocking declines last summer and this spring, our new Bond Protection portfolio, first offered in May, is attracting interest from high-net-worth investors. In this strategy we will apply hedging

————————— read more —————————

Posted in Money Matters Newsletter allocation, alternative, appointment, appropriate, attribution, calculations, challengers, constitutes, devastating, disadvantages, educational, environment, experienced, information, investments, participate, participates, performance, professional, progressive, solicitation, specializes, substantially, underwriters

The Great Tug of War: Inflation?

Posted on December 23, 2005

The Great Tug of War Since interest rates began to rise in February, everyone, at least everyone who follows the markets, thinks that inflation is the next big thing. It may be. But, hey, I’m a contrarian. When I notice “everyone” doing the same thing it makes me think that something else is likely to happen. Last month I wrote about both deflation and inflation, and

————————— read more —————————

Posted in Money Matters Newsletter accelerate, alternated, appropriate, attribution, collectibles, conditions, constitutes, deflationary, effectively, environment, fortunately, governments, importantly, inflationary, information, investments, objectionable, politicians, professional, responsible, solicitation, specializes, successfully, traditional

Deflation: A Primer (Mar 04)

Posted on December 23, 2005

by Will Hepburn Deflation: a Primer Econ 101 says inflation is when too may dollars chase too few goods and prices go up. Deflation, on the other hand, is when too many goods chase too few dollars and prices go down. Right now the world has excess factories producing the “too many goods” and this is the beginning of deflation. Since we haven’t had deflation since

————————— read more —————————

Posted in Money Matters Newsletter adaptivemarketstrategies, appropriate, approximately, associates, attribution, circulating, constitutes, continually, deflationary, denominated, efficiency, electronics, environment, inefficiency, inflationary, information, instructions, obligations, presidential, professional, prohibition, solicitation, specializes, transaction