Well, it happened — again. The 10-year Treasury fell all the way to 2.3% last week on a string of bad geopolitical news and mixed economic data. The last time yields were this low was June of last year, in the early stages of the “Taper Tantrum.” Could yields continue to go lower? Sure, they could....Read More

Investing like a billionaire is about to get a whole lot easier.  On August 1, the  Direxion iBillionaire Index ETF (IBLN) will begin trading. The ETF — based on iBillionaire’s proprietary index — will run a portfolio of 30 of the large-cap S&P 500 stocks most favored by billionaire investors based on their most recent...Read More

India—the world’s largest democratic country—is in the early stages of a parliamentary election that won’t be wrapped up until the last polls close on May 12 (votes will be counted by May 16).  India has the world’s largest population after China, and it is a young country with a growing voting-age population.  So every Indian...Read More

Share buybacks.  If used correctly, there are a tax-efficient way to return cash to shareholders: a virtual dividend without the double taxation aspects that go along with a cash dividend.  And in this era of 3.8% ObamaCare “surtaxes” on investment income, a tax-free virtual dividend is all the more attractive. Alas, share buybacks are often...Read More

How does an investment manager reconcile all of the various prognostications he hears on a daily basis? Simple—ignore them. —Meb Faber, Global Value If you’ve never heard of Cambria Investment Management’s Meb Faber, then you have some serious catching up to do.  I consider Faber one of the most innovative strategists in the business today,...Read More