ETFs (Exchange Traded Funds) comprising of a basket of securities that jointly have some exposure to a certain investing story are called Thematic ETFs. It is a fast-growing sector of investing. Such securities can give great well-diversified value, but there’s often a lot of work to be done before buying it. Not all of them…
In this post I present the basics of macroeconomic cycles. I explain the main definitions and present the main streams of academic thinking about economic cycles. As you possibly know economic cycles constitute the possibly most important determinant of business life of temporary societies. They also are the very clue of our Smart Investing Approach.…
In the Deep Dive into SIA series of articles I write in-depth analysis of the Smart Investing Approach (SIA). So far we have covered the following issues: Why should excess debt be avoided in picking stocks – Deep Dive into SIA (1) Are higher dividends better than higher growth? – Deep dive into SIA (2)…
Here comes the June rebalance of the SIA-Style Pension Portfolio (PP). The rebalance PP had an appx. 10% equity allocation as of end of May 2020, which is the middle of the Contraction-eligible range for a SIA-style portfolio. As I have mentioned in a more detailed description of the current state of markets in my…
Today I am rebalancing both of the SIA-style Portfolios, as another month has passed. Let me start with the Global Leaders Portfolio (GLP) here. So, since the Inception (28th Jan 2020) the GLP has done a great job of preserving the capital during the Covid-19 extreme downturn (max monthly drawdown -1,5% vs. -14% for SP500…
Smart Investors, it’s time to dig deeper into Smart Investing Approach (SIA) again! Today I analyse in details on why the portfolio of equities in the SIA-style Global Leaders Portfolio (GLP) looks as it does and why these certain equities and not other ones have found their place in the GLP at inception (and are…
Happy day all the Smart Investors out there! Today I wanted to make a quick note on how the SIA-style portfolios performed in the past. Past performance is of course not a guarrantee for the future, but if the backtesting period is long enough it can constitute a sound basis to expect similar behviour going…
Hi all! Today I wanted to come back to you with the continuation of the series I call the Deep Dive into SIA. Part (1) was about debt. Today I wanted to make a few deliberations about another aspect of the SIA Score, namely S5 and S1, which are directly connected with each other (please…
Hello Hello! I hope your’re all safe and sound. As another month came to an end, it’s time to adjust the SIA-style Pension Portfolio (PP) alongside the Global Leaders Portfolio (GLP). I have described all current thoughts about what’s happening and what’s most important on the global capital markets here while rebalancing GLP. Please take…
Hello Smart Investors! Another month passed and it’s time to look at the SIA-style exemplary portfolios to see how they are and if there’s an adjustment needed. But first let me start with a few words on the recent main drivers and themes that drove capital markets. Most of the economies were slowly, but steadily,…
