by Brian Jacobs | Sep 8, 2025 | Blog, Investment Concepts
Over the past two decades, ETFs have become the vehicle of choice for investors. They are liquid, transparent, low-cost, and viewed (often correctly) as highly tax-efficient compared to mutual funds. The secret has always been the in-kind creation and redemption...
by Brian Jacobs | Aug 20, 2025 | Blog, Investment Concepts
If you’re on any form of social media, you’re probably seeing headlines about funds boasting “30 percent yields” and retail investors rushing in. There are even Reddit communities where people claim they can “borrow at 10 percent and pocket the spread” or use these...
by Brian Jacobs | Aug 14, 2025 | Blog, Investment Concepts
Every so often, margin debt headlines resurface as a supposed warning sign for the stock market. The latest iteration: U.S. margin balances have crossed one trillion dollars for the first time. David Rosenberg highlights: “For the first time ever, margin debt has...
by Brian Jacobs | Aug 1, 2025 | Blog, Investment Concepts
Bloomberg’s latest piece on the housing market (“U.S. Real Estate Market: High Prices, Mortgage Rates Hamper Spring Home Selling”) captured the state of the housing market well: prices are high, mortgage rates are punishing, and activity is stuck. Similar headlines...
by Brian Jacobs | Jun 27, 2025 | Blog, Investment Concepts
In a prior post, Fixed Income: Coupon is King, we explored the long-term return profile of the Bloomberg U.S. Aggregate Bond Index (the “Agg”). One of the more surprising takeaways was just how modest the Agg’s outperformance has been relative to...
