Random Roger's Retirement Planning

FEBRUARY 9, 2023

Gold was mostly in a downtrend from mid-2011 to early 2016. It doesn't look like we're going to get to an extreme panic level for the S&P 500 on this event but as an example, with equities down 40%, you don't need as much protection from gold as when the stock market is at all time highs combined with sky high valuations.

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Asset Allocation Portfolio Assets Numbers 75

Validea

OCTOBER 5, 2022

Two weeks ago, I wrote an article where I looked at the valuation of the median stock and how it has changed over time. 12/30/2011 1.5% 12/30/2011 23.8% By Jack Forehand, CFA, CFP® ( @practicalquant ) —. Year End Date Negative Earner Percentage 12/30/2005 1.1% 12/29/2006 1.2% 12/31/2007 1.0% 12/31/2008 2.1% 12/31/2009 4.9%

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CFP Valuation Economy Assets 59

Truemind Capital

SEPTEMBER 13, 2021

Sentiment cycles move from one extreme of greed to another extreme of fear which takes valuations also to extremes from their long-term averages. At the extreme of fear sentiment (which coincides with dirt-cheap valuations), the risk-reward is highly favorable i.e., higher potential upside with lower potential downside risk.

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Marketing Marketing Valuation Retail 52

Brown Advisory

MARCH 1, 2016

In 2011, a Tel Aviv-based startup called Cyvera began developing cybersecurity software deploying the coding equivalents of barriers and traps to thwart hackers staging potentially devastating “zero-day attacks.” Less than two years later, Palo Alto Networks purchased the company for $200 million—a more than 25-fold surge in valuation.

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Valuation Investing Investments Clients 52

The Irrelevant Investor

FEBRUARY 25, 2021

Since 2011, the S&P 500 has gained nearly 300%. We know that the combination of high valuations and investor euphoria always ends badly. The past decade has been one of endless prosperity. At least in risk assets. The return on certain individual securities makes the overall stock market look like a savings account.

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Valuation Accounting Assets Investing 52

Validea

MAY 5, 2023

With valuations still high, the threat of a recession still looms over the economy, ushering in a prolonged period of low returns across the market, from stocks and real estate to corporate profits, as well as elevated inflation and unemployment rates.

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Economics Government Banking Economy 52

Brown Advisory

OCTOBER 28, 2016

billion in assets they held in 2011. While the factors above have buoyed dividend-rich stocks this year, such stocks now pose a rising risk in portfolios for several reasons: Their valuations have stretched beyond what is justified by the fundamentals in many cases. billion, nearly double the $367.3 stock market (chart 1). Conclusion.

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Asset Allocation Assets Valuation Banking 52

Brown Advisory

OCTOBER 28, 2016

billion in assets they held in 2011. While the factors above have buoyed dividend-rich stocks this year, such stocks now pose a rising risk in portfolios for several reasons: Their valuations have stretched beyond what is justified by the fundamentals in many cases. Stretched Valuations. billion, nearly double the $367.3

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Asset Allocation Assets Valuation Banking 52

Cornerstone Financial Advisory

OCTOBER 23, 2023

Existing home sales are on track to record their slowest year since 2011. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors. Housing starts rebounded 7.0% month-over-month.

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Marketing Marketing Taxes Economics 105

The Irrelevant Investor

JANUARY 5, 2021

2010 - Have Cash, Wait for Stocks to Fall 2011 - Grantham sees most global equities as ranging from “unattractive” to “very unattractive” – valuing the S&P 500 at “no more than 950.” Investor enthusiasm, coupled with high valuations, has preceded all major market bubbles. It's been over four years since he wrote this.

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Trade Brains

JANUARY 23, 2024

LEDs In the LED sector, Servotech commenced production in 2011, crafting energy-efficient luminaries for residential, industrial, and commercial use. The extent of this growth and its impact on the company’s valuation remains a topic for discussion and speculation. Share your thoughts in the comments below!

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Medical Manufacturing Government Portfolio 69

Walkner Condon Financial Advisors

FEBRUARY 6, 2024

stocks and Emerging Markets stocks: 2008 and 2011. Large caps beat the foreign stock categories yet still lost thirty-seven percent of their value, while 2011 was the only year where U.S. Oh, I forgot to mention it finished dead last in 2008 and 2011. Large Caps outperformed both Developed ex-U.S. Sounds unstoppable, right?

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Assets Investing Investments Marketing 59

Steve Sanduski

AUGUST 6, 2024

Quotes: Matt Cooper on the decision to take on private equity: “We entered into our inorganic growth stage in roughly 2011. The factors that determine whether or not an acquisition is satisfactory and successful for all parties. And we actually did it in a separate RIA within Beacon Point.

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Valuation Clients Accounting Sales 59

The Irrelevant Investor

AUGUST 5, 2018

Bull markets are in the eye of the beholder, and when we mark the beginning is of little importance, unlike things like earnings and valuation and interest rates. From April through October 2011, the S&P 500 fell 21.6% The Netflix of fitness has a $4 billion valuation.

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Marketing Marketing Valuation Transportation 52

Trade Brains

NOVEMBER 30, 2023

From 2011-12 onwards, IRFC has forayed into funding railway projects and capacity enhancement works. Hence, Investors must look for the perfect balance of high ROE, and low GNPAs at lower valuations (P/E). The NBFCs will then be required to keep aside hefty profits to write off these Non-Performing Assets.

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The Irrelevant Investor

FEBRUARY 23, 2022

Or tech valuations. So the 19% decline in 2011 isn't captured in my data. **Two of the 20% declines were 19 and change. Ben Carlson said: When the markets go haywire, you really have 3 options on what to do with your portfolio: Do more Do less Do nothing Callie Cox put it plainly. Or the Fed. Or the economy. Or commodities.

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Numbers Distribution Valuation Investing 52

Brown Advisory

SEPTEMBER 12, 2016

We bought ARM Holdings in July 2011 and held on even as oversupply slowed growth in smartphones sales. We look for fundamental strengths, attractive valuations and what we call Sustainable Business Advantage (SBA). They then construct their portfolios by using traditional measures for valuation and performance.

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Food Executive Compensation Portfolio Management Valuation 52

Brown Advisory

SEPTEMBER 12, 2016

We bought ARM Holdings in July 2011 and held on even as oversupply slowed growth in smartphones sales. We look for fundamental strengths, attractive valuations and what we call Sustainable Business Advantage (SBA). They then construct their portfolios by using traditional measures for valuation and performance.

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Food Executive Compensation Portfolio Management Valuation 52

Investing Caffeine

JULY 1, 2022

However, since 2008, the stock market has generally been on a consistent tear racking up a record of 10 wins, 2 losses (2015 and 2018), and one tie (2011). PRICES: Valuations have come down significantly – Price/Earnings ratio of 15.9 (i.e., For 2022, the S&P 500 index is down -21%, including -8% last month. Source: TradingView.

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Economy Investing Investments CFP 59

Brown Advisory

JUNE 16, 2021

The strong price appreciation has resulted in a commensurate rise in valuations and a tsunami of new deal issuance in these areas. Exhibit 5: Dispersion in stock returns for the Russell 2000 ® Index, three-year trailing return for top and bottom quartile, by year since 2011, and average and median 1991–2020 Source: Furey Research Partners.

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Valuation Investing Investments Government 52

Brown Advisory

JUNE 16, 2021

The strong price appreciation has resulted in a commensurate rise in valuations and a tsunami of new deal issuance in these areas. Exhibit 5: Dispersion in stock returns for the Russell 2000 ® Index, three-year trailing return for top and bottom quartile, by year since 2011, and average and median 1991–2020. Source: FactSet.

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Valuation Investing Investments Government 52

Carson Wealth

JANUARY 22, 2024

According to quarterly Federal Reserve data, money market assets were more than $6 trillion at the end of the third quarter of 2023, roughly double what they averaged from 2011 to 2017. Many investors’ fixed-income holdings still heavily favor short or ultra-short maturity bonds or cash-like vehicles.

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Marketing Marketing Economy Portfolio 97

James Hendries

AUGUST 15, 2022

As shown in Figure 2 , the 90% level has historically signaled the start of new bull markets coming off of major lows such as 2009, 2011, 2018-2019, and 2020. It is also a major component used to calculate the price-to-earnings valuation ratio. This indicator reached 87% on August 11, very close to that 90% trigger.

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Marketing Marketing Economy Valuation 52

Cornerstone Financial Advisory

MARCH 6, 2023

Last week’s riddle: About 90% of this country’s land area is made up of arid tan desert, yet its flag was once solid green (until 2011) – in fact, at one time it was the only nation in the world with a flag containing just one color. For that matter, a snakehead isn’t a snake – but what is it? What nation is this? Answer: Libya.

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Marketing Marketing Taxes Economics 59

James Hendries

SEPTEMBER 20, 2022

Because of the ever higher Fed rate hike expectations, the yield on the 10-year Treasury security has increased by nearly 200 bp this year after increasing around 100 bp in 2020 and is at the highest level since 2011 [Figure 1]. It is also a major component used to calculate the price-to-earnings valuation ratio.

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Marketing Marketing Banking Economy 52

Trade Brains

DECEMBER 10, 2023

In 2011, an Italian company under the name Fabbrica Italiana Lapis ed Affini (FILA) entered into a strategic partnership with RR Group. Now would this be enough to convince you to invest in a dull industry at a sky-high valuation of 43x? As of 2015, FILA raised its stake in DOMS to 51%, investing Rs. Let us know in the comments below.

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The Big Picture

DECEMBER 19, 2023

And when they look at a sector, they want to be long, the very best stocks at the best valuations they can, and short the worst stocks at the worst valuations. So your next stop is Citadel in 2011, and you spend six years there, Citadel also, like Millennium has a fantastic reputation. 00:08:21 [Speaker Changed] Wow.

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Healthcare Portfolio Management Investing 162

Validea

JANUARY 4, 2023

After a tough decade for simple systematic value strategies from 2011-2021 this model bounced back very well in 2022. Throughout 2022 the most expensive stocks were the ones hit hardest as valuations started to normalize in a new world of higher interest rates. The model portfolio was up 17.2% in 2022 vs. a 19.4%

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Portfolio Risk Management Assets Asset Allocation 52

Brown Advisory

NOVEMBER 12, 2015

Recharacterization: But what if you converted a traditional IRA to a Roth at a time when the assets were at peak valuation, and the value of the assets have since declined? Given the volatility in capital markets in recent years, you may find yourself in this situation.

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Brown Advisory

NOVEMBER 28, 2017

Well, we believe that broader economic fundamentals are important for long-term stock valuations. The table at right summarizes the results of a 2011 study by Robert Kosowski, who found that managers indeed tended to struggle during economic expansions but produced meaningful value during recessionary periods.

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Economy Clients Economics Management 52

Brown Advisory

NOVEMBER 28, 2017

Well, we believe that broader economic fundamentals are important for long-term stock valuations. The table at right summarizes the results of a 2011 study by Robert Kosowski, who found that managers indeed tended to struggle during economic expansions but produced meaningful value during recessionary periods.

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Economy Clients Economics Management 52

Mr. Money Mustache

MAY 20, 2022

But in the Mustachian Era (the years since 2011 when I started writing this blog ), there has only been one: the 2020 Covid Crash which only lasted about a month. A 20% drop in stock prices is called a “bear market” and they traditionally happen every few years, lasting just 9 months or so from top to bottom. ” Well, how interesting.

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Marketing Marketing Retirement Investing 53

Brown Advisory

JUNE 12, 2017

Asked about using valuation tools, like aggregate market cap to GDP or cyclically adjusted P/E ratios to gauge markets, Buffett explained that neither of these is paramount. Berkshire has an advantage when that happens. Markets are there to be taken advantage of rather than followed. Buffett said he views Apple and IBM differently.

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Investing Investments Ethics Taxes 52

Brown Advisory

JUNE 12, 2017

Asked about using valuation tools, like aggregate market cap to GDP or cyclically adjusted P/E ratios to gauge markets, Buffett explained that neither of these is paramount. Berkshire has an advantage when that happens. Markets are there to be taken advantage of rather than followed. Buffett said he views Apple and IBM differently.

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Investing Investments Ethics Taxes 52

The Big Picture

JULY 24, 2023

The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. The second, and what’s interesting about that period, is the fact that valuations actually peaked in 1961. MIAN: Valuations are ebb and flow. Because when you think about debt ceiling, you think about 2011.

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The Better Letter

JANUARY 26, 2024

2011 : “[T]he expected return/risk profile of the stock market has shifted to hard-negative.” 2014 : “What concerns us beyond valuations is the full ensemble of overvalued, overbought, overbullish conditions.” 2020 : “[E]xtreme valuations. Not surprisingly, outflows began in earnest in 2011.

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Assets Valuation Management Marketing 105

Brown Advisory

DECEMBER 2, 2015

Investor concerns about slowing growth have sprung up here and there since 2011 but had yet to set back equities until this year. from 2016 until 2020, a step down from the annual target of about 7% from 2011 until the end of this year. 14, 2011, the UBS/Bloomberg CMCI rose 9.7% From April 7, 2011, until Sept.

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