Monday, July 27, 2015

With Farms, Fruit and Feed, Vietnam's Tycoons Explore Agribusiness Ventures

By Mai Nguyen

HANOI (Reuters) - A steelmaker turning to pigs and animal feed, a property developer raising cows, a stockbroker milling rice and a real-estate-to-retail billionaire growing fruit and vegetables.

Saturday, July 25, 2015

Aussie Hits Six-Year Low, German Survey Prods Euro Lower

By Patrick Graham

LONDON (Reuters) - The Australian dollar sank to a six-year low and other currencies linked to global commodities prices were under pressure on Friday after the weakest reading on sentiment in Chinese manufacturing in more than a year.

Exclusive: U.S. Treasury's Intelligence Network Vulnerable to Hack - Audit

By Jason Lange

WASHINGTON (Reuters) - Lax security left the U.S. Treasury's computer system for tracking overseas threats to America's financial system vulnerable to hackers, according to a government audit prepared in late 2014 and obtained by Reuters.

Thursday, July 23, 2015

My Radio Interview

By Michael D. Bodman

ONLINE REPORT (Portfolio Economics) - My recent article published by Seeking Alpha, titled "HACK: How to Invest in Cyber Security," led to a radio interview on Market Wrap with Moe Ansari. The show is syndicated in major cities across the country.

My interview starts around minute 25.00 of the segment titled "Investing in the Cyber Security Sector" and continues for about 15 minutes. Enjoy the show. 

Wednesday, July 22, 2015

U.S. Home Sales Approach Eight-and-a-Half-Year High, Prices Surge

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year.

Tuesday, July 21, 2015

Global Slowdown Boosts Africa's Hopes of Achieving Development Goals

By Katy Migiro

ADDIS ABABA (Thomson Reuters Foundation) - Africa is likely to benefit from weak global growth by attracting more investment that will drive its development, experts said at a financing conference in Ethiopia on Wednesday.

In Greek Crisis, One Big Unhappy EU Family

By Paul Taylor

BRUSSELS (Reuters) - The latest paroxysm of Greece's debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU's most ambitious project.

Monday, July 20, 2015

Dollar Near Five Week High vs Yen on Hawkish Comments From Fed Official

By Shinichi Saoshiro

TOKYO (Reuters) - The dollar hovered near five-week highs versus the yen on Tuesday after a top Federal Reserve official added to expectations that U.S. interest rates could be raised as early as September.

New Content From Reuters

By Michael D. Bodman

ONLINE REPORT (Portfolio Economics) - In cooperation with Reuters, Portfolio Economics is now publishing breaking news about the economy and financial markets. Select economic and financial news will be made available to Portfolio Economics readers for up to 90 days, after which these stories will no longer be displayed, according to the terms of the relationship with Reuters.

The syndicated posts from Reuters cover events that provide short-term 90-day economic context to my exclusive posts. I hope that the syndicated posts will help to inform your understanding of the economy and the financial markets, as well as put my exclusive posts into perspective.

Unlike the broad news stories from Reuters, exclusive posts written by me focus on index funds and portfolio strategy from a long-term investment perspective of at least three to five years. All exclusive posts will continue to be displayed on this blog indefinitely for research and reference.

Oil Prices Edge Lower on Stronger Dollar, Ample Supply

SINGAPORE (Reuters) - Oil prices edged lower in early Asian trade on Tuesday, pushed down by a stronger dollar and still ample supply of both crude and refined products.

Sunday, June 7, 2015

Shares of Berkshire Hathaway on Sale Now

By Michael D. Bodman

ONLINE REPORT (Portfolio Economics) - I consider one possible exception to my index fund policy: Berkshire Hathaway (NYSE: BRK.B). While the stock market, measured by the SPDR S&P 500 Trust ETF (NYSEARCA: SPY), has gone up this year, shares of Berkshire Hathaway are down. Now could be a good time to establish a position or add shares to an existing position in Warren Buffett's investment company. Berkshire Hathaway has consistently outperformed the market for decades and is likely to continue outperforming in the future.

Saturday, May 30, 2015

Quote ... Unquote

"The stock market is filled with individuals who know the price of everything but the value of nothing."
– Philip Fisher 

Monday, April 20, 2015

Even In Inefficient Markets, Index Funds Are the Best Strategy

By Michael D. Bodman

ONLINE REPORT (Portfolio Economics) - One of the arguments against index investing is that it doesn't work in inefficient markets. In less efficient markets, there is more room for active managers to add value, according to critics of index investing. This argument makes intuitive sense. Less efficient markets don't have as much publicly available information for investors to make decisions about stock prices. However, there is evidence that, even in inefficient markets, index funds outperform due to (1) lower costs and (2) the sheer difficulty of stock picking. 

Wednesday, April 8, 2015

Quote ... Unquote

"If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks." 
– John Bogle, Founder of the Vanguard Group 

Friday, March 20, 2015

Why Index Funds Are the Best Strategy

By Michael D. Bodman

ONLINE REPORT (Portfolio Economics) - Instead of trying to beat the market, index funds attempt to be the market. Index funds track household names, such as the Dow Jones Industrial Index and the S&P 500 Index. Creating and operating a passively managed index fund is far less expensive than a traditional, actively managed fund run by a highly compensated fund manager. Index funds don't have active fund managers.