Recent Articles

  • Alternative Mutual Funds Under Investigation by SEC, but Don't Panic

    by PM101

    Alternative mutual funds are under investigation by the SEC, but there is no reason to panic and certainly no reason to sell your positions in these funds. The SEC SHOULD be looking into the space and quite honestly, its about time. Many alternative mutual funds use complicated strategies usually only offered by hedge fund managers...

  • What Type of Investor Are You?

    by PM101

    If you don't know the answer to that question, don't fret, you are not alone. Many of us 'think' we know our investment objectives fairly well: generate as much return as possible. But the first rule of investing is that the higher the return you seek, the more risk you will have to take. It...

  • The Right Level of Retirement Income

    by PM101

    Imagine you’ve reached a point in your life that you are done working, the end of the rat race, no more bump and grind. You are now ready to live the rest of your life doing just about anything you want, or nothing at all, it’s your choice. You have saved so much money for...

  • Who Should Use Target Date Funds?

    by PM101

    Target date funds may not be for everyone. But with the increasing use of target date funds within 401K plans, it may be the best option for most investors. Particularly, those that would otherwise be invested randomly in a variety of funds available within the 401K plan. So should YOU be investing in target date funds?

  • When do Unconventional Economic Policies Become Conventional?

    by PM101

    You can't go one day without hearing or reading conjecture about how the Fed will 'wind down' its unconventional policies. There could be an energetic debate on whether unconventional measures were or were not necessary to support the US economy during and after the recent financial crisis that began sometime around 2008. Six years later and...

  • When the Stock Market Correction Comes, How Bad Can it Be?

    by PM101

    You can find many articles these days mentioning the possibility of a market pullback, or correction. The market hasn't seen a correction of over 10% in over 2 years. The correction is coming but when it does, how bad will it be?

  • Active vs. Passive Investing

    by PM101

    Definition of active versus passive management The difference between active and passive management is quite simple on the surface. Active management is just what it says it is: the active management of your portfolio by choosing investments on a continual basis, including when to buy and when to sell. It may include overweighting certain stocks or...

  • Stock Selection Process: The Quantitative Screen

    by PM101

    With so many individual stocks in the global equity markets to choose from, it is important to be able to follow a disciplined process for finding, evaluating, and monitoring stocks. In this article, I will focus on the initial step required to reduce the universe of stocks to a manageable number.  In future articles, I...

  • Industry Analysis using Porter's Five Forces Model

    by PM101

    Frameworks There are a number of different frameworks available for business analysis. One of the most recognized of these frameworks is called Porter’s Five Forces and is used to analyze the five forces that determine the competitiveness and attractiveness of a particular industry, to identify the major players in the industry, and to summarize the interaction...

  • Getting Past Premium Bond Prices

    by PM101

    Investing in fixed income seems to be straightforward: An investor buys a bond with a face value of $100, receives semi-annual coupons for the life of the bond, and receives the face value of the bond at maturity. Besides the investor looking to ‘trade’ bonds for a quick profit, most bond investors are looking for either...

Recent Reports

  • Digital Realty Keeps Cruising

    by PM101

    On March 15th, I published an article about Digital Realty (DLR) on Seeking Alpha (Read Article) that highlighted how its international interconnected network of data centers will help distance it from the competition. At the time the stock was at $51.51 and has since climbed to $64.77 as of July 30th. Throw in a $0.83...

  • Forget The Trains And Planes, Buy This Industrial REIT For A 20% Treat

    by PM101

    Economic expansion typically leads to increases in consumer confidence and subsequent spending on goods and services. While services are usually provided locally, goods may need to travel thousands of miles to reach their final destination. This benefits many of the transportation companies that ensure that goods get from point A to point B, including railroads,...

  • Resource Capital: 14% Dividend Yield Is Nice, But I'm Putting This One On Ice

    by PM101

    Sometimes things are too good to be true. Resource Capital pays a hefty 14% dividend yield and operates in a lucrative niche within capital lending. I like the company quite a bit and I'm tempted to invest if only to receive the dividend. But the company seems to be stuck on a treadmill and the...

  • Apollo Investment Management: 10% Dividend Yield Through Private Lending

    by PM101

    Many retail investors don't have direct access to the private equity deals and private placements that have been so lucrative for high net worth and/or accredited investors. However, through investments in business development companies (BDC's) such as Apollo Investment (AINV), retail investors can benefit from double-digit dividend yields, portfolio diversification, and top-notch management.

  • Bristow Group: Deep Offshore Drilling is the Catalyst for a High-Flying Stock

    by PM101

    Bristow Group is the leader in oil and gas helicopter transportation, but the company is not resting on its laurels. With the growth in offshore drilling, the company is redefining its business strategy to drive incremental revenue and earnings via a shift to larger aircraft and leveraging its new search and rescue contracts. The market hasn't...

  • Cohen & Steers: The King Of REITs Poised To Provide Investors 42% Annualized Returns

    by PM101

    Retail investors are increasingly looking for ways to further diversify their portfolios to avoid a repeat of 2008-2009, where they saw both equity and fixed income holdings decline concurrently. One asset class that has received plenty of attention and is expected to grow five-fold in 6 years is the Retail Liquid Alternative (RLA) space, where...

  • Annaly: Can You Invest In It And Still Sleep Well At Night?

    by PM101

    Have you ever had a very bad experience with Mortgage REITs? Just last year, it was painful to watch as Annaly (NLY), American Capital Agency Corp. (AGNC), Armour Residential (ARR) and others declined 25% or more in just two months. I understand why we have such distaste for them. It could be because of similarly...

  • Google Android Dominates the Global Smartphone Market

    by PM101

    Today I published an article on Seeking Alpha praising the dominance of Google's Android operating system over Apple's and others and offered a thesis as to why that will continue going forward. (Read Article)There were quite a few opinions to the contrary, as I expected, so I am following up that article with a few...

  • Facebook: A Great Company, But The Pullback Doesn't Make It A Great Buy Yet

    by PM101

    Great companies are relatively easy to identify but they can go through challenging periods and expensive valuations. In Facebook's case, it is difficult to evaluate a proper price target because of its short history. Relative to peers and optimistic estimates, the stock currently looks expensive. The pullback may not be over, so investors would be prudent to wait...

  • Ford: Waiting Until It Hits $15 May Result In A Missed Opportunity

    by PM101

    After reading a Seeking Alpha article on Ford (F) yesterday, Ford Motor: Should You Load Up The Truck At $15?, I wanted to evaluate whether Achilles Research's truck-loading price of $15 was in fact a good level to consider. I don't own a truck, but I think I could stuff a lot of Ford stock...