No Imminent Rate Hike Next Year?

Disclaimer: The following text is a research document made for purely educational purposes, is not and should not be used as an (personalized) investment advice. —————— There were a lot of talks recently on whether the FED would start rising the interest rates next year. One graph and some geo-political and macro considerations compelled us […]

A Portfolio Superior to S&P500 Regarding Risk and Return

Disclaimer: The following text is a research document made for purely educational purposes, is not and should not be used as an (personalized) investment advice. ———– After a recent research on several risk and reward characteristics of some well known dividend paying stocks, we decided to combine those stocks in different portfolios in order to […]

Mortgage-Backed Securities And Government Guarantees

In a recent poll of the CFA Institute on the topic, the vast majority of the responders answered that explicit or implicit government guarantees on the mortgage based securities would do more harm than help the house market. The reason for this is that all kind of government guarantees by definition have the ability to […]