Mortgage REITs Still Trading Below Book Value…And Still a Bargain

As a value investor, I’m a little frustrated these days. There is virtually nothing cheap anywhere in the public markets. Stocks are expensive, trading at cyclically-adjusted price earnings ratios higher than those before the 1929 and 2008 crashes. And […] Continue Reading…

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S&P 500 Sector ETFs: A Look Under the Hood, Part 4

For Part 1, see S&P 500 Sector ETFs: A Look Under the Hood, Part 1
For Part 2, see S&P 500 Sector ETFs: A Look Under the Hood, Part 2
For Part 3, see S&P 500 Sector ETFs: A Look Under the Hood, Part 3
Materials Select […] Continue Reading…

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S&P 500 Sector ETFs: A Look Under the Hood, Part 3

For Part 1, see S&P 500 Sector ETFs: A Look Under the Hood, Part 1
For Part 2, see S&P 500 Sector ETFs: A Look Under the Hood, Part 2
Financial Select Sector SPDR (XLF)
The worst-performing sector ETF of the past 10 years and […] Continue Reading…

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S&P 500 Sector ETFs: A Look Under the Hood, Part 2

For Part 1, see S&P 500 Sector ETFs: A Look Under the Hood, Part 1
Consumer Discretionary Select Sector SPDR (XLY)
The Consumer Discretionary Select Sector SPDR ETF (XLY) has been a real standout performer among the Select Sector ETFs, and one […] Continue Reading…

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S&P 500 Sector ETFs: A Look Under the Hood, Part 1

It’s pretty easy to understand the appeal of indexing, particularly after a year like 2014. Less than one out of five active mutual fund managers beat their respective benchmark last year. And those few that did beat their benchmarks […] Continue Reading…

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