Charlie Bilello | TalkMarkets | Page 8
Founder and CEO of Compound Capital Advisors
Contributor's Links: Compound Capital Advisors
Charles Bilello, is the Founder and CEO of Compound Capital Advisors. Sharing ideas that compound over time. Prior to that, Mr. Bilello was the Director of Research at Pension Partners, where is he was responsible for strategy development, investment research and communicating the firm’s ...more

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The Difference Between Statistics And Strategy
The statistics (average outcomes) say that both higher volatility and increased frequency of corrections are likely. But there’s a big difference between statistics and strategy and this is where many investors go awry.
When High Yield Becomes Low Yield
The best we can say when high yield becomes low yield is that investors would be wise to proceed with caution. Negative interest rates may defy rationality but they do not defy bond math and risk/reward.
Welcome To The Casino
The market can easily become a casino if you treat it as such: trading in and out of highly volatile vehicles without a process or a plan.
If The Year Ended Today…
Yes indeed – if the year ended today it would be a pretty good one for global equity investors. Will it look better or worse on December 31st? I have no idea. But it will look different.
How To Lose 40% In A Day
Losing 40% or more in a day was always possible using futures and options, but before June 2006 it was nearly impossible to do so using an exchange-traded fund.
Adaptation
In economics, adaptations enhance the fitness and survival of businesses.
Volatility Spiked. Now What?
Shorting volatility is still not a free lunch and stocks still tend to go down in the short-term when volatility rises. The extreme low volatility regime that we have been operating in for much of this year is likely coming to an end.
What Happens When Volatility Rises?
Should you care what happens when volatility rises in the coming months? That depends entirely on your time frame.
Is Shorting Volatility A Free Lunch?
With the VIX hanging around 10, a volatility spike is inevitable. And given the extremely low levels today, even a move back to the high teens in the VIX (the historical average) will feel like a crash.
Leveraged ETF Myths
The 3x Long S&P 500 ETF was launched in June 2009, nearly 8 years ago. Since its inception, it has advanced 1,410% versus a gain of 214% for the S&P 500.
Do Emerging Markets Really Need Higher Oil?
Emerging Markets stocks “need” higher oil prices. Oil is said to be their lifeblood; without it, they are doomed to a state of perennial crisis.
Storytelling Animals
In December 2015, the Federal Reserve was preparing to hike interest rates for the first time since 2006. The media had a story angle involving Emerging Markets and they were sticking to it…
What Happens When An ETF Gets Too Big For Its Index?
The broader question from this story is as follows: with the continued explosion of ETF/Index assets, will this soon become an industry-wide problem?
The Evolution Of Money
Does money have to be a government monopoly? Buyers of Bitcoin are screaming a collective “no,” as the price of the crypto-currency continues to hit record highs.
What Happens When Silver Is Oversold?
Silver is currently “oversold.”
Have Stocks Become Less Risky?
Have stocks become less risky? It certainly feels that way…
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