A week ago, I heard Blackstone’s COO, Jon Gray, talk about his company’s recent growth tilt. He said that decline in the U.S. interest rates that has gone on for last 30 years has come to an end. And with that, expansion of valuation multiples too. He is now focused on acquiring … [Read more...] about My two-year bet on Apple
Last week, John Rekenthaler of Morningstar wrote an article on worst alternative investments of the decade. Market-neutral funds were among his top-five worst investments. Average annual return from the funds in this category was 0%. He wrote this, tongue in cheek: … … [Read more...] about Market neutral investing
What a quarter that was! The US stock market first reached a new high in October and then dropped 10%. It bounced around for a while. And then in late December, it dropped again -- this time more than 15% off its peak. By some measures, it actually dropped 20% briefly (intra-day) … [Read more...] about Investing amid volatility: My 4Q update
As I explained in my previous post on dry powder, I have cash that only gets deployed when stocks go down by a certain amount. How much cash to deploy and when? From the same post, you can see the rulebook I follow. If stocks follow historical averages, I may be able to deploy … [Read more...] about Revisiting my dry powder strategy
Most of my capital is invested in stocks. You can see my portfolio here. I keep some cash as rainy-day fund and also for my dry-powder strategy. In today’s low-rate environment, cash does not return much. Short-duration CDs yield 1% to 1.5%. One-year treasury bonds return about … [Read more...] about Get more out of your cash
We take a deeper look at my investment portfolio in this post. A majority of my investments are in stocks or stock index funds. I have been working on my investments for last 20 plus years. These investments have evolved over time – initially all I had were some stock and bond … [Read more...] about A deeper look into my portfolio
As you can see from the pie chart, about two-third of my portfolio is invested in stocks. Mostly in either individual stocks or stock index funds. I have some real-estate investments but they are about one-sixth of the portfolio. I keep some cash for my near-term needs and the … [Read more...] about What my portfolio contains today?