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Showing posts with label 投資. Show all posts
Showing posts with label 投資. Show all posts
Wednesday, January 8, 2025
Sunday, January 5, 2025
国内用人民币购买美股基金？
https://blog.wenxuecity.com/myblog/80634/202501/1426.html
用人民币购买,
- SP500
| 场内ETF | 场外 | 规模 | 费用 | 发行时间 |
| 513500 | 050025 | 140亿 | 0.85% | 2013 |
| 161125 | 012860 | 5亿 | 1.05% | 2016 |
- N100
| 场内ETF | 场外 | 规模 | 费用 | 发行时间 |
| 513100 | 160213 | 130亿 | 0.8% | 2013 |
| 159501 | 016533 | 38亿 | 0.6% | 2023 |
| 513300 | 015299 | 25亿 | 0.8% | 2020 |
- VGT
| 场内ETF | 场外 | 规模 | 费用 | 发行时间 |
| 161128 | 003721 | 16亿 | 1.05% | 2016 |
| 地区 | 标普500指数 | 纳斯达克100指数 |
| 美国 | VOO，SPY | QQQM，QQQ |
| 中国 | 513500 | 513100 |
| 加拿大 | VFV，ZSP | XQQ |
| 英国 | VUAG | EQQQ |
| 欧盟 | VUSA | EQQQ |
| 日本 | 1655 | 1545 |
| 澳大利亚 | IHVV | NDQ |
| 台湾 | 00646 | 00662 |
Saturday, January 4, 2025
3 ETFs That Replicate Buffett's Investment Strategy (MOAT, XLF)
3 ETFs That Replicate Buffett's Investment Strategy (MOAT, XLF)
Friday, December 13, 2024
Friday, April 26, 2024
Sunday, April 21, 2024
Wednesday, April 17, 2024
Tuesday, July 27, 2010
REIT
BMO REIT ETF
The newly created BMO Equal Weight REITs Index ETF (ZRE) offers investors instant access to Canada's REIT market with one single trade. The BMO ETF has better diversification than the iShares REIT ETF (XRE) by holding more names and by using an equally weighted process. Because the iShares product uses a market cap weighting methodology, the top 5 holdings (RioCan, H&R, CREIT, Boardwalk and Calloway) account for 68% of the portfolio. RioCan alone represents 25% of the iShares ETF. By contrast the BMO ETF holds 17 REITs with each name accounting for about 6% of the portfolio. The BMO ETF also provides exposure to some smaller REITs such as Allied Properties and Crombie. The BMO ETF currently yields 7.4%.
8 comments:
- BMO Equal Weight REITs ETF Holdings: - Allied Properties REIT - Artis REIT - Boardwalk REIT - Calloway REIT - Canadian REIT - Cdn Apartment Prop REIT - Chartwell Sr Housing REIT - Cominar REIT - Crombie REIT - Dundee REIT - Extendicare REIT - H&R REIT - InnVest REIT - Morguard REIT - Northern Property REIT - Primaris Retail REIT - RioCan REIT ...
Buffett gives nod to index funds over ETFs
Buffett gives nod to index funds over ETFs
'Nobody encouraging you to trade it next week,' legendary investor says
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By John Spence, MarketWatch
BOSTON (MarketWatch) -- The world's most celebrated investor has nothing against exchange-traded funds, but given a choice he recommended sticking to plain-vanilla and low-cost index mutual funds because the temptation to engage in potentially self-destructive trading isn't as great.
Appearing Monday morning on CNBC from Berkshire Hathaway's /quotes/comstock/13*!brk.a/quotes/nls/brk.a (BRK.A 117,700, -300.00, -0.25%) /quotes/comstock/13*!brk.b/quotes/nls/brk.b (BRK.B 78.51, -0.21, -0.27%) annual shareholder meeting in Omaha, Neb., Chairman Warren Buffett reiterated his view that for most small investors who don't have time to research individual companies, cheap index funds are the best way to invest in the stock market. "The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry," Buffett told CNBC anchor Liz Claman.
"If you buy it over time, you won't buy at the bottom, but you won't buy it all at the top either," the billionaire investor said.
/quotes/comstock/21z!i1:in\x SPX 1,114, -1.17, -0.10%
In contrast to mutual funds run by portfolio managers actively picking stocks, broad-based index funds attempt to deliver market performance by tracking popular benchmarks such as the S&P 500 /quotes/comstock/21z!i1:in\x (SPX 1,114, -1.17, -0.10%) . This straightforward approach generally allows index funds to charge lower fees than actively managed funds. 2,000
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"If you have 2% a year of your funds being eaten up by fees you're going to have a hard time matching an index fund in my view," Buffett said. "People ought to sit back and relax and keep accumulating over time."
He also weighed in on the debate surrounding traditional index funds and their newer cousins, ETFs, which are baskets of securities that trade on exchanges and are bought and sold like individual stocks. ETFs also track indexes, but unlike index funds they can be bought and sold throughout the trading day. Mutual funds, on the other hand, are priced once a day at the market close.
"I have nothing against ETFs, but I really think an index fund that just charges a few basis points for management is pretty hard to beat," Buffett said. "You put it away, you have nobody encouraging you to trade it next week or next month ... your broker isn't going to be on you."
Numerous academic studies have shown that individual investors have a bad track record at timing stock-market moves, often because they chase recent performance to their detriment, essentially buying high and selling low.
Another renowned investor, Vanguard Group founder John Bogle, in television appearances and articles also has expressed reservations about ETFs because they're easy to trade. Bogle, who stepped down as Vanguard's chief executive in 1996, is credited with popularizing index funds with retail investors.
Vanguard is best known for its low-cost index funds, but the company also has made a somewhat controversial entry into the booming ETF business.
In a Feb. 9 commentary piece printed in The Wall Street Journal, Bogle questioned the need to trade the S&P 500 all day long in real time though an ETF. (Dow Jones & Co. owns The Wall Street Journal as well as MarketWatch, publisher of this report.)
"If long-term investing was the paradigm for the classic index fund, trading ETFs can only be described as short-term speculation," he wrote. He also criticized ETFs' movement to narrower market segments and warned that brokerage commissions and taxes can ratchet up investors' overall fees when they trade ETFs a lot.
Yet in fairness to ETFs, Bogle said that if they are not traded, they can often match regular index funds. "In this format, used in that way, ETFs are solid competitors to their classic forebears," he wrote.
The tax advantages and low fees of ETFs are often touted, but a report Monday said they often end up underperforming similar index funds from Vanguard and Fidelity Group. See Wall Street Journal story (subscription required).
At the end of March there was $444.26 billion invested in U.S.-listed ETFs, up about 35% from a year earlier, according to Investment Company Institute.
John Spence is a reporter for MarketWatch in Boston.
Saturday, June 12, 2010
Forget market timing, it's all about life timing zt
garry Marr, Financial Post · Wednesday, Jun. 9, 2010
'You know, you're making the biggest mistake of your life. The housing market is going to fall."
I got this great piece of advice from another journalist at the Financial Post, who has since left the newspaper, after buying my first home. Not exactly the type of thing you want to hear after taking on huge debt and making the biggest financial decision of your life.
Lucky for me, I didn't heed that advice about Toronto's red-hot real estate market -- in 1998. I'm not going to say I made a shrewd business decision 12 years ago, or even six years later when I bought a larger house.
For me, it wasn't a case of not following what turned out to be bad advice from a fellow business journalist. Nor was it about trying to time the market.
I was simply following the same pattern as most Canadians: I got married and decided to stop renting and buy something. Later came the need for a bigger home when the second kid was on the way.
Which brings us to today. The supply of housing is rising fast as people try to list their homes for sale before the market "crashes." This is happening at the same time that demand is starting to wane. Economists and even the real estate industry are all predicting a correction, the only argument being how severe it will be.
So, the question for anyone buying is, should you wait?
Don Lawby, chief executive of Century 21 Canada, thinks the strategy of waiting for a crash is not going to work during this economic cycle. "For a market to crash, you have to have people who are desperate to sell," says Mr. Lawby. "People will [only sell] if they can't afford their mortgage or they don't have a job."
He doesn't see a decline in prices, "unless you are predicting that mortgages will renew at a hefty premium, which is not the case, or a whole bunch of people are going to lose their jobs."
Mr. Lawby believes neither will happen.
And, he adds, you are really into a risky game if you are timing the market. "A house is a home. If all you are doing is looking at it as an investment --that's what happened the last 15 years--it's not just that. It's a place to live and a place to raise a family," says Mr. Lawby.
Even Benjamin Tal, a senior economist with CIBC World Markets, who last month said in a report that Canadian housing is 14% overvalued, has doubts about playing the market. But he suspects that's exactly what some Canadians will do.
"Is there a sense that prices will go down and people will wait? I think it might be an issue," says Mr. Tal. "It won't be the main reason [people don't buy], but it will happen at the margins. The fact that people sell at the peak and wait to buy is a normally functioning market."
But even if you do make the right call on housing prices, it could end up backfiring on you in other ways. For example, if interest rates rise fast enough, any gains you make on price could be erased by interest charges, says Mr. Tal.
Edmonton certified financial planner Al Nagy says you need to think of your house the way you think about any long-term investment. "Whether it's an investment for use in your retirement or a house to live in, it's a long-term thing. The timing becomes less critical than it would be if it is a speculative [investment]."
And he says making a call on the housing market is as tricky as any other investment call. "It's very rare you catch the bottom. You can't let the market dictate when it's time to buy. The time to buy is when you can afford it," says Mr. Nagy.
I'm not sure that philosophy would fly with my former colleague, but the problem with timing the market is, what if your timing is off?
gmarr@nationalpost.com
'You know, you're making the biggest mistake of your life. The housing market is going to fall."
I got this great piece of advice from another journalist at the Financial Post, who has since left the newspaper, after buying my first home. Not exactly the type of thing you want to hear after taking on huge debt and making the biggest financial decision of your life.
Lucky for me, I didn't heed that advice about Toronto's red-hot real estate market -- in 1998. I'm not going to say I made a shrewd business decision 12 years ago, or even six years later when I bought a larger house.
For me, it wasn't a case of not following what turned out to be bad advice from a fellow business journalist. Nor was it about trying to time the market.
I was simply following the same pattern as most Canadians: I got married and decided to stop renting and buy something. Later came the need for a bigger home when the second kid was on the way.
Which brings us to today. The supply of housing is rising fast as people try to list their homes for sale before the market "crashes." This is happening at the same time that demand is starting to wane. Economists and even the real estate industry are all predicting a correction, the only argument being how severe it will be.
So, the question for anyone buying is, should you wait?
Don Lawby, chief executive of Century 21 Canada, thinks the strategy of waiting for a crash is not going to work during this economic cycle. "For a market to crash, you have to have people who are desperate to sell," says Mr. Lawby. "People will [only sell] if they can't afford their mortgage or they don't have a job."
He doesn't see a decline in prices, "unless you are predicting that mortgages will renew at a hefty premium, which is not the case, or a whole bunch of people are going to lose their jobs."
Mr. Lawby believes neither will happen.
And, he adds, you are really into a risky game if you are timing the market. "A house is a home. If all you are doing is looking at it as an investment --that's what happened the last 15 years--it's not just that. It's a place to live and a place to raise a family," says Mr. Lawby.
Even Benjamin Tal, a senior economist with CIBC World Markets, who last month said in a report that Canadian housing is 14% overvalued, has doubts about playing the market. But he suspects that's exactly what some Canadians will do.
"Is there a sense that prices will go down and people will wait? I think it might be an issue," says Mr. Tal. "It won't be the main reason [people don't buy], but it will happen at the margins. The fact that people sell at the peak and wait to buy is a normally functioning market."
But even if you do make the right call on housing prices, it could end up backfiring on you in other ways. For example, if interest rates rise fast enough, any gains you make on price could be erased by interest charges, says Mr. Tal.
Edmonton certified financial planner Al Nagy says you need to think of your house the way you think about any long-term investment. "Whether it's an investment for use in your retirement or a house to live in, it's a long-term thing. The timing becomes less critical than it would be if it is a speculative [investment]."
And he says making a call on the housing market is as tricky as any other investment call. "It's very rare you catch the bottom. You can't let the market dictate when it's time to buy. The time to buy is when you can afford it," says Mr. Nagy.
I'm not sure that philosophy would fly with my former colleague, but the problem with timing the market is, what if your timing is off?
gmarr@nationalpost.com
Thursday, April 1, 2010
How to Trade the BRICs with ETFs
by Ron Rowland
Dear Customer,
 |
You've heard of the BRIC countries, right? Brazil, Russia, India and China are the four top emerging markets. For various reasons, all have much better long-term prospects than most of the so-called "developed" markets.
Now there's a way you can trade the BRIC stock markets with some new leveraged ETFs — but you need to be careful.
More on this opportunity in a minute. First, let's quickly review what all the excitement is about ...
BRICs Are the Future!
I don't have to tell you that the U.S., Europe and Japan are in dismal economic condition. Getting out of the mess we're in is going to take time. Possibly a very long time.
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The world isn't going to sit still and wait for us. Quite the opposite — countries that have lagged behind are catching up. The BRICs are leading the way.
- Brazil dominates Latin America and is rich in natural resources. Brazil accounts for most of the world's soybean trade and about 80 percent of global orange juice production. More important, Brazil is actually energy independent — thanks to ethanol and abundant offshore oil reserves.
- Russia is reaping the reward of still-high energy prices. The former Soviet republic has the world's largest natural gas reserves and massive gold deposits. Russian cities are bustling with commercial activity
- India has a huge and growing English-speaking workforce. Over the last twenty years, India's growth rates have skyrocketed. Goldman Sachs projects that India's economy will overtake France by 2020 and Japan by 2035.
- China is becoming nothing less than the world's largest market for pretty much everything. The sheer scale of the growth is mind-boggling. The Chinese economy is seventy times bigger than it was in 1978. A vast industrial base is transforming the country in unimaginable ways.
 |
| The BRIC nations will own the 21st Century! |
You can see where this is going. The BRIC countries are exploiting our weaknesses and setting themselves up to own the 21st Century, economically speaking.
(By the way, you can read a lot more about the BRICs in my free special report. Click here to download your complimentary copy of Meet the BRICs: Economic Leaders of the Future.)
Of course, the BRIC countries aren't the only emerging markets. Each is surrounded by smaller countries and ever-growing trade relationships. You can find opportunities in places like the Next 11, too. The four BRICs are, however, the biggest emerging markets. They can't be ignored any longer.
 |
| BRIC ETFs are your ticket to these hot markets. |
Trading BRICs with ETFs
Even if you've never been outside the U.S., you can still get in on the BRIC action. Today's ETF products make it easy.
One possibility is to buy ETFs that focus on each of the BRIC countries individually. Numerous ETFs cover Brazil, Russia, India or China — too many to list here, in fact.
An easier way is to get all four BRIC markets in one package. These ETFs allow you to do it all in one quick step.
- SPDR S&P BRIC 40 ETF (BIK)
- iShares MSCI BRIC Index Fund (BKF)
- Claymore/BNY BRIC ETF (EEB)
Each of these ETFs tracks a different stock index, so the results are also slightly different. All offer a fast and easy way to get started in emerging markets investing.
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If you are more experienced and/or short-term oriented, you might want to take at some new funds from Direxion. Launched just last week, these are the first leveraged and inverse BRIC ETFs:
- Direxion Daily BRIC Bull 2x (BRIL)
- Direxion Daily BRIC Bear 2x (BRIS)
Before you try these last two, read my articles on Inverse ETFs and Leveraged ETFs. Funds of this type are often misunderstood. Here's a hint: Pay attention to that word "Daily." Direxion put it in the names for a very good reason.
Is now the time to buy the BRICs? Maybe, maybe not. Anything can happen in the short run. But I'm confident that 20-30 years down the road, the BRICs will have shown massive growth compared to the U.S. That makes them an opportunity worth considering.
Best wishes,
Ron
P.S. Weiss Research has teamed up with the Red Cross to help gather donations for Haiti disaster relief. If you'd like to contribute, click here now.
About Money and Markets
For more information and archived issues, visit http://www.moneyandmarkets.com
Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Andrea Baumwald, John Burke, Marci Campbell, Amy Carlino, Selene Ceballo, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
Attention editors and publishers! Money and Markets issues can be republished. Republished issues MUST include attribution of the author(s) and the following short paragraph:
This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com.
From time to time, Money and Markets may have information from select third-party advertisers known as "external sponsorships." We cannot guarantee the accuracy of these ads. In addition, these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our terms and conditions.
View our Privacy Policy.
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To make sure you don't miss our urgent updates, add Weiss Research to your address book. Just follow these simple steps.
© 2010 by Weiss Research, Inc. All rights reserved. | 15430 Endeavour Drive, Jupiter, FL 33478 |
Three Things Your Investments Must Do
by Nilus Mattive
Dear Customer,
 |
Yet another Federal Reserve meeting is now behind us, and I'm wondering why I even bother to read the releases anymore.
After all, Bernanke & Co. pretty much say the same thing month in and month out now — namely, that they're going to "keep rates low for an extended time."
I mean, really!
It's obvious that Washington is dead set against those of us who use money conservatively and try to save for our own futures ...
They're doing everything in their power to make us follow their spendthrift ways ...
And because of their actions, it's darn near impossible to get a decent yield from a savings account, money market, or certificate of deposit.
 |
Meanwhile, as I mentioned a few weeks ago, college costs are rising by 6 percent a year ... so a CD yielding 1 percent a year isn't going to build my daughter's college fund very much.
Health care expenses are soaring even faster, so my parents certainly aren't going to fund their retirements on bonds paying 2 percent or 3 percent a year.
Plus, other necessary items that affect every one of us — including energy and food — continue rising sharply, too.
Clearly, none of that is too important to the Federal Reserve right now.
And clearly, we are on our own when it comes to finding new sources of investment income that will pay us more than "minimum wage."
Fortunately, Dividend Stocks Continue to
Provide Yields You Can Actually Live On!
As I've noted in these pages recently, there are still stable, well-known companies that are paying out 5 percent, 7 percent or more a year in dividends.
It's comforting to know that there are still some income investments that operate outside Washington's influence on interest rates ... and that some firms are still willing to "put their money where their mouth is."
No, their businesses might not be exciting by today's standards. Mentioning their names might not impress your friends. They're not always discussed on CNBC or in the headlines of your local newspaper, either.
But who cares!
It's not about impressing other people. It's about making sure you have enough investment income to keep pace with life's rising costs.
Like one of my old mentors used to say, "Investing should be as exciting as watching paint dry."
In fact, when it comes to making investments, you should be looking to do three things ...
First, have a reasonable chance that you won't lose money on your initial investment.
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An old Wall Street saying is that investors should care more about a return OF their principal than a return ON their principal. Yet how many people really think about risk very much? A small percentage.
In contrast, I worry quite a lot about whether my investments will be around a couple years from now, and whether they'll survive economic downdrafts.
Sure, I take the occasional bigger risk here and there ... especially when I believe the potential reward is worth it ... but I always want most of my portfolio in conservative investments.
And as I've pointed out before, many dividend stocks certainly fit the bill when it comes to downside protection.
Second, secure yourself a solid immediate income stream.
The way I see it, you should expect your investments to start paying you back right away.
Hey, you're risking your money so you deserve steady, immediate returns. That money can then be used how you see fit — either to fund your needs right now or to be reinvested for even greater profits down the line.
Right now, most bonds, CDs, money market funds and savings accounts absolutely will not give you steady immediate returns other than token amounts.
Third, set yourself up for capital gains down the line.
Make no mistake: I still want my investments to rise in value over time, too ... but only after my risk and income requirements have been satisfied.
Again, CDs and money markets don't offer you any upside. And while bonds can rise in value, I see a lot more downside risk at this point in the interest rate cycle.
So you can see why I continue to pound the table for conservative companies paying out steady dividends.
They weather stock market downturns, recessions, and other economic calamities. They kick of regular income checks through thick and thin. Plus, their share prices steadily gain ground over time, too.
With Washington doing everything in its power to force savers to either take on risk or starve, it's nice to know that there's still a group of income investments that Bernanke and his Fed buddies can't keep down.
And if you haven't taken a look at some of the dividend stocks that are still available at fair prices right now, I urge you to do so today.
Best wishes,
Nilus
P.S. You can learn all about my current favorites in the latest issue of Dividend Superstars, which is going to press this Friday. Get on board today and you'll pay just $69 for a whole year's worth of issues!
About Money and Markets
For more information and archived issues, visit http://www.moneyandmarkets.com
Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Andrea Baumwald, John Burke, Marci Campbell, Amy Carlino, Selene Ceballo, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
Attention editors and publishers! Money and Markets issues can be republished. Republished issues MUST include attribution of the author(s) and the following short paragraph:
This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com.
From time to time, Money and Markets may have information from select third-party advertisers known as "external sponsorships." We cannot guarantee the accuracy of these ads. In addition, these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our terms and conditions.
View our Privacy Policy.
Would you like to unsubscribe from our mailing list?
To make sure you don't miss our urgent updates, add Weiss Research to your address book. Just follow these simple steps.
© 2010 by Weiss Research, Inc. All rights reserved. | 15430 Endeavour Drive, Jupiter, FL 33478 |
速記華倫巴菲特投資十訣
速記華倫巴菲特投資十訣
1.股東報酬率十年穩定大於12%，越大越好。
2.資產報酬率十年穩定大於12%，越大越好，銀行保險業大於1%。
3.每股盈餘十年穩定上揚，越大越好。
4.財務保守，負債不超過每年淨利五倍，越小越好。
5.品牌產品或服務，有十年以上持久競爭優勢。
6.員工沒有工會。
7.相同產品或服務，能隨十年通貨膨脹而漲價。
8.公司十年保留盈餘能帶來的每股盈餘成長，越大越好。
9.公司有現金買回庫藏股。
10.公司十年股價與淨值同步上升。
1.股東報酬率十年穩定大於12%，越大越好。
2.資產報酬率十年穩定大於12%，越大越好，銀行保險業大於1%。
3.每股盈餘十年穩定上揚，越大越好。
4.財務保守，負債不超過每年淨利五倍，越小越好。
5.品牌產品或服務，有十年以上持久競爭優勢。
6.員工沒有工會。
7.相同產品或服務，能隨十年通貨膨脹而漲價。
8.公司十年保留盈餘能帶來的每股盈餘成長，越大越好。
9.公司有現金買回庫藏股。
10.公司十年股價與淨值同步上升。
The Dividends Are Flowing Again ...
by Nilus Mattive
 |
According to the latest data from Standard & Poor's, February was a very solid month:
•45 S&P 500 constituents increased their dividends vs. 30 a year earlierPlus, for the first two months of 2010, dividend-paying stocks also outperformed non-dividend-paying stocks in terms of capital appreciation — 1.57 percent vs. -0.24 percent!
•Two companies initiated new payments (vs. none in the same month last year)
•And only one company decreased its payment vs. 18 cuts in February 2009 ...
Source: S & P Index Services
Actual cash payments still fell on a year-over-year basis, and it will probably take a few more years before total dividend payments return to the highs previously reached in 2008.
So I still think you need to be selective in terms of the sectors and specific issues you choose.
Where Do I See Dividend Opportunities Right Now?
I try to diversify the Dividend Superstars portfolio in terms of sectors and industries. But I can think of at least four areas that I really like right now ...
Dividend Hotspot #1: Big-brand consumer staples.
These are the firms that sell products that people won't — or can't — live without. Basic necessities like food, beverages, cigarettes and toothpaste.
As such, their businesses tend to be very stable. They often boast big brand names and long track records of success. And it would be very hard for an upstart to compete with them effectively.
In short, they thrive whether the economy plunges into recession or is growing like gangbusters.
Even better, my favorite consumer staples firms almost always boast big operations in foreign countries. That means they're profiting substantially as fast-growing emerging markets adopt Western lifestyles and flock to American brands.
Most importantly — precisely because these companies are so darn stable and profitable — they typically reward their investors very handsomely by mailing out big, fat dividend checks like clockwork.
Dividend Hotspot #2: Utilities with strong dividend histories.
Wall Street brokers love to call these "widow and orphan" stocks because they're supposedly so boring. And it's true that these companies just chug along year in and year out, providing the basic services we need to live our daily lives. Water, electricity and gas are hardly exciting things to talk about.
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Dividend Hotspot #3: Select master limited partnerships (MLPs).
While MLPs can operate all kinds of businesses, most are engaged in the transportation of oil, gas and other natural resources ... typically through a vast network of pipelines that can span entire continents.
I think of these companies as "trolls at the oil bridge" because whenever oil or gas needs to get from a production field to an end destination, it generally has to go through an MLP's pipeline. And when you own that pipeline, you get to collect a very nice toll in the process!
Plus, the fact that these companies generally engage in just the transportation of resources also limits the downside they experience when commodities prices take short-term dips.
Dividend Hotspot #4: Unfairly-punished Canadian royalty trusts (CANROYs).
As I mentioned three weeks ago, a lot of investors have written off these Canadian firms that buy the rights to royalties from the production and sale of natural resources. And for a while, I was one of them.
Reason: There has been massive uncertainty surrounding these companies. Namely, a law change that is going to affect them in a major way starting in 2010.
However, I recently did an in-depth analysis of individual CANROYs, including an examination of what would happen to them under a revised legal structure. And my conclusion was that a few of these former dividend darlings are worthy of new investment money right now.
Bottom line: Based on the latest dividend data, payments should only continue rising from here. And if you select the strongest stocks in the strongest sectors, you stand to not only collect fat income checks but also benefit from capital appreciation, too.
Best wishes,
Nilus
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