Quell Your Worries With Liquidity

We’ve all heard the saying, “cash is king,” but in our investment world the word cash should be replaced with the word liquidity. Yes, for us, liquidity is king. Why am I even talking about cash and liquidity in this up market? After all, in this balmy and spring-like March, the market is doing very nicely indeed. Although the S&P 500 was down 1.6% in the first days of the …

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Choose Carefully Before Making a Permanent Move

This month Global X launched a new and unique product Permanent ETF (PERM). I would like to applaud the innovation of the product, but criticize its timidness. First, the good. The product aims to provide an all-inclusive answer to investors who seek diversification and invest in many different asset classes, akin to what the endowments do. The endowments, such as Yale and Harvard, allocate their portfolios to different asset classes, …

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