October Surprise

Two thirds of the way through October, and the global equity markets have barely been riled. I’m sure next quarter we’ll hear about a few obscure hedge funds that went broke this quarter because the rise in global interest rates caught them wrong footed with highly leveraged bets, but on the whole market participants seem calm. No, I should say complacent. After all, there are numerous events that are likely to disrupt these calm markets in the coming months. The US has a presidential election to start with, which could be called amusing entertainment if…….one of those two jerks wasn’t likely to be the next US president. Then you have various geopolitical events in the the Middle East and Southeast Asia. Then you have rising bond yields around the globe, a slowing Chinese economy, and deflating housing bubbles in New York, Miami, and much of Canada. I have been very surprised by one thing this October however…..the fact that third quarter earnings are coming in ok so far. Continue reading

Update and Recent Buy

Wow it has been a busy week. Mrs. IS was gone for a while for continuing education. The whole family has been passing around a long lasting cold….which I am told is one of the joys of young children. The consulting work has been going well. The weather is starting to cool off a bit, if only just a bit. Speaking of the weather, Hurricane Matthew looks like it is going to whip up the east coast of Florida pretty good. Mrs IS and I have taken some time to reflect on what’s working, and what isn’t, over the past couple weeks. It looks like it’s time to do some tweaking to our dream life. Continue reading

Capital Appreciation or Cash Flow

maineAs the saying goes, there are plenty of ways to skin a cat. There are also plenty of different ways to pursue about any objective, including financial independence/freedom. This post is to discuss two of the more general approaches, and some of the reasons why practitioners follow these routes. Mrs. IS and I have employed a hybrid model historically, but in 2016 have sold off many of our longer term dividend plays. Continue reading