Market Updates

History Repeats: Car Loans to People Who Don’t Qualify?

Market Updates Between the first quarter of 2012 and the second quarter of 2014, auto sales in the U.S. economy have increased 16%. (Source: Federal Reserve Bank of St. Louis web site, last accessed August 21, 2014.) And auto sales this year have been stellar, too. In July, auto sales reached the highest level since 2007 and are up eight percent from this past January. (Source: Motor Intelligence, last accessed August 21, 2014.) As auto sales have risen, auto loans have increased as well. In the first quarter of 2012, auto loans amounted to $737 billion; now they are just short of $1.0 trillion.


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Fixed Income

DVHI: New ETRACS Diversified High Income ETN an

High-Yield & Dividend UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13).  The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix.  It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee.  The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.

Personal Finance

This Is the Way Out of Today’s Mad

Personal Finance Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.

Stock News

Market Update (NASDAQ:MSFT): Why Microsoft (MSFT) Stock Is Down Today

Technology [at TheStreet] - Shares of Microsoft (MSFT) fell Tuesday after the tech giant refused to comply with a U.S. judge's order to turn over customer emails held at a data center in Ireland. Read more on this. Microsoft Corporation (MSFT), with a current value of $369.76B, opened this morning at $45.43.   A quick look at the market, the company's stock traded between $44.85 and $45.46 with a trailing 52-week range being $30.95 to $45.71.   Microsoft (MSFT) shares are currently priced at 16.70x this year's forecasted earnings, which makes them relatively expensive compared to the industry's 7.24x earnings multiple for the same period.   And for those looking to make a return holding the stock, the company pays shareholders $1.12 per share annually in dividends, yielding 2.60%.   According to a consensus of 19 analysts, the earnings estimate of $0.


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Fund & ETF

MLP ETF Expenses Hit The Fan

ETFs Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.

Investing

Jim Collins: Five Names to Love from the

Energy Special Situations: You spend a lot of time traveling the world looking for investment opportunities. A recent event you attended was the LD Micro Conference in Los Angeles. What made that worth the trip? Jim Collins: Chris Lahiji and his team put on the premier small- and micro-cap conference. The Invitational is a slam-bam, in-your-face, 100-companies-in-11 hours micro-cap love-in.