Published: August 2021 I've received a lot of questions lately about how Treasury Inflation-Protected Securities or "TIPS" work in this type of environment, so I figured I'd write a quick piece about it. In this rather inflationary environment of late, people are curious about how to protect their money, and naturally TIPS seem like a decent … [Read more...]

I receive a lot of questions about market capitalization, or "market cap" and how it applies to various asset classes such as stocks, gold, or bitcoin. In particular, transfers between asset classes seem to be a somewhat unintuitive concept, and thus worthy of review and examples. The key reason to understand market capitalization dynamics is … [Read more...]

When it comes to determining a fair value for equities, interest rates are an important variable to consider. As rates rise or fall, they affect the appropriate valuations for different stocks in different ways. This article provides a brief overview of how that works. The Equity Risk Premium Equities are not priced in a vacuum; they are … [Read more...]

Many investors prefer not to hold any individual stocks, and instead enjoy the instant diversification of exchange-traded funds (ETFs). Additionally, even if you do hold individual stocks like me, ETFs are still great for added diversification. I've personally always used a combination of stocks and ETFs in my portfolio, because they complement … [Read more...]