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We learned some important lessons about consumer and borrower behavior from how interest-only mortgages were used during the housing boom which, now, seems so long ago. Interest-only mortgages gave borrowers the ability to lower their monthly mortgage payment and save the difference. What the mortgage industry experienced was an outcome that was less noble. In fact, Continue reading How to Borrow and How to Lend – Lessons From The Interest-Only Mortgage Last year, Mohamed El-Erian, CEO of PIMCO, the influential bond shop, declared a “new normal,” a global realignment in which the U.S. consumer, no longer a hungry monster, became cautious and subdued. The current circumstances might be better described as the new abnormal, in which no one knows anything. In June the Conference Board Consumer Confidence Continue reading The New Abnormal: Consumer Psychology – Whether to Spend or Save Emerging markets are decoupling from developed countries due to their higher rates of growth and lack of exposure to debt. Robert von Rekowsky manages the Fidelity Emerging Markets Fund and discusses his perspectives about the decoupling that is taking place. Mr. Rekowsky: Ten years ago, the economies of the developing world were closely tied to the developed world. Continue reading Emerging Markets: Decoupling Creating an Investment Opportunity Warren Buffett is one of the most successful investors of all time. People want to know Warren’s thoughts about investing topics – and for good reason. Here are some of Warren’s thoughts about investing: Investing Read and think before you invest. Read everything on investing you can get your hands on and fill up your mind with various Continue reading Warren Buffett on Investing The concept of risk is inherent in life – it affects just about everything we do that makes up our “lifestyle”. Most certainly risk affects our investing. It also affects how we manage our career. Scott Shane, in his new book Born Entrepreneurs, Born Leaders: How Your Genes Affect Your Work Life s tells us more Continue reading Risk – Where it Comes From and How it Affects our Lifestyle We believe that investors should be heavily invested in emerging markets (see Prosperity Concierge’s long-term investment recommendations at Prosperity Trek III). Investment advisory firm GMO made these observations in their 4th Quarter 2009 Quarterly Update: We are “rationally exuberant” when it comes to emerging market equities over the long term. One of the key drivers of our Continue reading A Case for Emerging Markets |
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