Ignore the Tweet, Invest for the Meat

6.7.18

Ignore the Tweet, Invest for the Meat

Investing based on short term-market gyrations and noise from the 24/7 business news cycle rarely drives alpha. At RBA, we’d rather invest dispassionately based on market fundamentals and focus on longer time horizons.  Remember to ignore the Tweet and invest for the meat.  

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Unicorns exist only when money is free

5.10.18

Unicorns exist only when money is free

When the Fed instituted ZIRP, investors were overenthusiastic to invest in the next great Unicorn. Now that rates are rising and money is no longer free, investors are beginning to realize that rational investing and positive cash flows trump hype and speculation.

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Income + Tariffs + Inflation = Underperformance

3.14.18

Income + Tariffs + Inflation = Underperformance

Many income-oriented investors may not be appropriately positioned for the current market environment, with increasing inflation and looming tariffs poised to lead to significant underperformance.

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Cryptocurrencies: It's just Candy Crush

4.18.18

Cryptocurrencies: It's just Candy Crush

If the only difference between playing for digital coins in mobile games and mining for cryptocurrencies is the ability to openly trade the coins for goods and services, one should wonder if the crypto frenzy is worth the hype and speculation. We think not.

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Gee, this time isn't different

2.9.18

Gee, this time isn't different

Successful investing in this cycle has depended largely on following the business cycle and ignoring the myriad of fears. As the economy enters a late-cycle phase, investors need to recognize the characteristics of a late-cycle environment and how to accordingly position portfolios.

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