Have Stock Markets Changed?

Have Stock Markets Changed? Same old, same old, it seems. September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Trading technology continues to make the trading of stocks easier, cheaper, and faster However, despite this and other financial...

Don’t Convert to Convertible Bonds

Don’t Convert to Convertible Bonds Equity exposure in disguise September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Convertible bonds are typically viewed as debt rather than equity instruments However, these are highly correlated to...

BDCs: Better Don’t Choose?

BDCs: Better Don’t Choose? Another strategy that trades income for capital returns August 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Business development companies (BDC) funds feature 10%+ annual fees Investors seem to be willing to accept...

What Are Growth Stocks?

What Are Growth Stocks? Growth lies in the eye of the beholder. January 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYGrowth stocks can be defined via valuations, fundamentals, or performanceThese stocks have generated essentially zero excess returns...