The Yield Paradox

Geoff Considine

I have been struggling to understand a problem that I am going to refer to as the ‘yield paradox.’  Yields for individual asset classes look low.  The 10-year Treasury bond is yielding about 1.9%, and 30-year Treasury bonds are yielding a similarly paltry 3%.  The S&P 500 is yielding 2.1%, which is very low by… Read More


A Thoughtful Outlook for 2013

Geoff Considine

In general, I ignore the spate of market predictions that experts issue at the start of each year.  There are exceptions, and after reading Jason Hsu’s outlook for this year, I am pleased to recommend it to readers.  Dr. Hsu is the Chief Investment Officer at global money management firm, Research Affiliates.  I found his… Read More


What Are the Core Asset Classes for Income Portfolios?

Geoff Considine

In a recent post, I presented a list of the ‘core asset classes’ that investors need in order to build portfolios that fully exploit available diversification opportunities.  That article focused on portfolios designed for total return potential, the combined return from price appreciation and income generated by the assets in the portfolio.  For investors focusing… Read More