Valuing Real Estate (REITs)
In prior newsletters, I made the case for using the P/E ratio to value the stock market and to predict future returns. Now let’s apply the same analysis to real estate, or more specifically REITs …
Options for Old 401k Accounts
If you have ever switched jobs, you probably have more than one old 401k (or 403b) account with past employers, with the occasional unexpected statement as your only reminder that …
The Value of Diversification
When I list “full diversification” as a core component of Mariposa’s investment strategy, what does that really mean? What’s the point of diversification?
Smart Year-End Investing Moves
From the November 2010 newsletter: As you feast on turkey and Black Friday sales this weekend, you may wonder what investing tasks you need to take care of before year-end. […]
2011 Year-End Valuations
As mentioned last year, valuation ratios such as P/E are not very useful in making one year market predictions. This is disappointing, since they do a fair job of predicting longer-term returns of at least 5-10 years …