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Curious Cat

The Curious Cat covers economics and investing. Their goal to help regular readers become knowledgeable about the economy, investing and economics. In keeping with this aim, their superb content is written for a wide audience.

Individual Stock Portfolio Investment Planning

Early last year when studying my portfolio I decided my two biggest positions (Apple and Google – those ready the blog won’t be surprised due to my 10 stocks for 10 years posts) continued to warrant the large portion of the portfolio they held. I also decided that I would systemically sell say 1% of Apple and 2% of Alphabet a year (the Apple dividend was also paying about 1% – actually it was more then but is much less now). That was just a long term plan that helped me think about the...

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Curious Cat Investing and Economics Blog

This post lists the 20 publicly traded companies with the largest market capitalization as of today. Since my November 2017 list of the 20 most valuable stocks the value of 2 companies increased by more than $150 billion and 4 companies value decreased by over $100 billion. In the 20 most valuable companies list there are 13 USA companies, 4 Chinese companies and 1 each for Korea, Netherlands and Switzerland. The remaining 15 companies with market caps above $200 billion are based in: USA...

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Finding Great Investments Keeps Getting Harder

In some ways investing recently has been pretty easy, anything you have bought (almost) goes up – and usually goes up a lot. But when looking for bargains to invest in, it just keeps getting more and more difficult in my opinion. Apple’s most recent earnings report was spectacular. However, unlike when similar things happened 8 years ago, when such great news allowed you to buy a great company cheaply even after great news now Apple went from an already pricy level and added 10% to...

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Huge Growth in USA Corporate Debt from 2005 to 2020

There are many problems with the extremely low interest rates available in decade since the too-big-to-fail financial crisis. The interest rates seem to me to be artificially sustained by massive central bank actions for 12 years now. Extraordinarily low rates encourage businesses to borrow money, after all how hard is it to invest in something that will return the business more than a few percent a year (that they can borrow at). Along with the continued efforts by the central...

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Retirement Portfolio Allocation for 2020

The markets continue to provide difficult options to investors. In the typical market conditions of the last 50 years I think a sensible portfolio allocation was not that challenging to pick. I would choose a bit more in stocks than bonds than the commonly accepted strategy. And I would choose to put a bit more overseas and in real estate. But if that wasn’t done and even something like 60% stocks and 40% bonds were chosen it would seem reasonable (or 60% stocks 25% bonds and 15%...

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Tencent Gaming

Tencent is one of the stocks in my 10 stocks for 10 years portfolio. In fact it is my largest holding (when you consider that Tencent shares owned by Naspers. Some others have performed better since my reboot of the portfolio in August of 2018: Apple (from 225 to 318) and Danaher (from 103 to 162) and Naspers (33 to 34, which might not seem so great but 2 spinoffs provide another 15) but I still like Tencent a great deal for the next 8 to 10 years. Tencent has quite a few huge global...

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Tucows: Building 3 Businesses With Strong Positive Cash Flow

This post is an exploration of a specific stock Tucows (TCX). Tucows, based in Canada, has built from their domain registration business into a company with 3 businesses poised for predictable cash flow generation. In 2012 Tucows added Ting Mobile, a business that resells access to cell phone networks (Sprint, for CDMA, and T-mobile for GSM phones).  This is not a flashy business but is a reliable cash flow generator. In 2015 they added Ting Fiber, which builds fiber networks for...

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The 20 Most Valuable Companies in the World – Jan 2019

This post lists the 20 publicly traded companies with the largest market capitalization as of today. Since my November 2017 list of the 20 most valuable stocks the value of 2 companies increased by more than $150 billion and 4 companies value decreased by over $100 billion. In the 20 most valuable companies list there are 13 USA companies, 4 Chinese companies and 1 each for Korea, Netherlands and Switzerland. The remaining 15 companies with market caps above $200 billion are based...

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20 Most Popular Posts on the Curious Cat Investing and Economics Blog in 2018

[unable to retrieve full-text content]The most popular posts on the Curious Cat Investing and Economics blog in 2018 (based on page views). Default Rates on Loans by Credit Score (2015) Stock Market Capitalization by Country from 2000 to 2016 (2017) Stock Market Capitalization by Country from 1990 to 2010 (2012) The 20 Most Valuable Companies in the World – […]

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An Inverted Yield Curve Predicts Recessions in the USA

When 2 year US government bonds yield more than the 10 year US government bonds a recession is likely to appear soon. This chart shows why this is seen as such a reliable predictor. The chart shows the 10 year yield minus the 2 year yield. So when the value falls below 0 that means the 2 year yield is higher. Each time that happened, since 1988, a recession has followed (the grey shaded areas in the chart). Do note that there were very small inversions in 1998 and 2006 that...

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