FEY Asset Management, LTD

Retirement Income Investments [1205]

Webmaster — Sat, 19 May 2012 05:27:25 +0000

Our recommendations were flat for the month, ahead of the overall U.S. (-0.6%) and International (-1.8%) markets. Our 1 year (-4.6%) and 3 year (51.1%) returns fell between the U.S. (3.5% & 72.5%) and International (-13.2% & 45.5%) markets. However we continue to be significantly better over 5 years, up 34.5%, compared to the US (7.4%) and International (-14.5%).

This month we have added a Return/Risk Ratio (5yr Return/5yr Max Drawdown), 5yr Monthly Adjusted Price correlation with the Total U.S. Market, and the Drawdown Recovery (i.e. Total Return since the pre-Drawdown peak). We hope you find these additional metrics useful.

To view more April analysis of all the funds, and our recommendations for May, read more.

The New Finance [1205]

Webmaster — Sat, 19 May 2012 05:16:08 +0000

In this month’s newsletter we investigate Robert Schok’s, The New Finance, assertion that you can get value without risk, by looking at Value and Growth funds over the last 10 years. We analyze why Value funds have been doing better than Growth funds for the last 10 years, and why that trend seems to be changing with this downturn. We also suggest what this may mean for the savvy investor. Finally we show that the adage “you have to have high risk to get high returns” depends upon how you define risk.

For the full text of this month’s Newsletter click here.

Fey Asset Management recommendations up 34.5% vs. 7.4% for the overall market for 5 years!

Webmaster — Sat, 19 May 2012 05:11:12 +0000

Our recommendations were flat for the month, ahead of both the US (-0.6%) and International (-1.6%) markets, and significantly better, up 34.5%, than the US (7.4%) and International (-14.5%) markets for 5 years. To view more of our April analysis, … Continue reading →

The Market [1205]

Webmaster — Sat, 19 May 2012 05:05:56 +0000

The 1^stQuarter GDP disappoints, but the underlying trends of the past three years remain in force. US stocks continue to outpace the rest of the world. Value continues to be clobbered by growth, so writes the Financial Times on April 27, 2012. I think for the long run value will prevail.

To see our April Market Snapshot, click here.

Retirement Income Investments [1204]

Webmaster — Wed, 18 Apr 2012 04:49:11 +0000

Our recommendations were down 0.1% for the month, behind the overall US (3.1%) and slightly ahead of the International (-0.7%) markets. Our 1 year recommendations were down 1%, again behind the US (up 7.2%), but ahead of the International (down 7.1%). The 3 year returns followed the similar patterns (60.5%, 92.7%, 67.1%), however we continue to be significantly better over 5 years, up 38.9%, compared to the US (12.5%) and International (-9.5%).

To view more March analysis of all the funds, and our recommendations for April, read more.

Index vs. Active Investing [1204]

Webmaster — Wed, 18 Apr 2012 04:44:29 +0000

In this month’s newsletter we address the on-going debate of Index Funds vs. Actively Managed Funds, reviewing the data from two recent articles in the Journal of Indexes (Mar/Apr 2012). We look at the distribution of Excess Returns for Actively Managed U.S. Equity and Fixed Income Funds for the last 10, 15 and 20 years. We also look at issues of Asset Class and Market Cyclicality, and Survivorship Bias. We conclude with a couple of areas where Active Management has consistently beaten their index.

For the full text of this month’s Newsletter click here.

Fey Asset Management recommendations up 38.9% vs. 12.5% for the overall market for 5 years!

Webmaster — Wed, 18 Apr 2012 04:39:55 +0000

Our recommendations were down 0.1% for the month, but up 38.9%for 5 years, significantly better the US (12.5%) and International (-9.5%) markets.

To view more of our March analysis, and our recommendations for April, read more.

The Market [1204]

Webmaster — Wed, 18 Apr 2012 04:35:58 +0000

The outlook for 2012 is positive. We are now in a global economy with the US loosing economic leadership to the emerging countries. This means our living standard will decline.

There is no sign of excess inflation. Currently annual Consumer Price Index inflation is 2.9%. For inflation to increase there must be an increase in consumer purchases which requires an increase in new housing and in jobs. Neither is likely in the near future.

Hyperinflation is sometimes defined as annual inflation of more than 30%. It differs from the ordinary supply demand inflation, and is caused by government policy of printing money due to lack of fiscal discipline, and lack of will for taxation. The U.S. Government is unlikely to do that.

To see our March Market Snapshot, click here.

Retirement Income Investments [1203]

Webmaster — Wed, 21 Mar 2012 00:03:25 +0000

Our recommendations were up 2.7% for the month, slightly behind the overall US (3.9%) and International (5.1%) markets. Our 1 year recommendations were up 0.6%, again slightly behind the US (up 4.4%), but ahead of the International (down 6.8%). The 3 year returns followed the similar patterns (62.4%, 99.4%, 84.1%), however we continue to be significantly better over 5 years, up 42%, compared to the US (8.9%) and International (-6.3%).

To view more February analysis of all the funds, and our recommendations for March, read more.

Low Volatility Investing II [1203]

Webmaster — Tue, 20 Mar 2012 23:57:57 +0000

In this month’s newsletter we continue our look at income investing, looking at low volatility investments as measured by their maximum 5 year drawdown. We look at 6 categories of high income securities: Limited Partnerships, Developed Market Stock, Mortgage-Backed Bonds, High Yield Bonds, Emerging Market Bonds, and Developed Market Bonds. We look at securities that have a current yield above 4%, with at least 100,000 3-month average daily volume, and select the top 30 overall securities that have the lowest 5yr maximum drawdown. We then look at their performance for the last 5 years.

For the full text of this month’s Newsletter click here.