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The author Lance Roberts
Lance Roberts
Lance Roberts has sharpened that lens with 30 years in the investing world from private banking and investment management to private and venture capital. Lance Roberts’ perspective and common sense analysis is sought after by media outlets such as Fox 26 News in Houston, CNBC, CNN and Fox Business News along with numerous publications including the Wall Street Journal, USA Today, Reuters and the Washington Post. Roberts is the Editor of the X-Factor report and publishes the blog Daily X-change.

Lance Roberts Real Investment Advice

Risk Exceeds Reward – Why We Took Profits 11-20-20

My partner, Michael Lebowitz, penned an excellent piece this week on valuations and long-term returns. I highly suggest reading the entirety of the article, but here is the crucial point. “Regardless of the economic environment, taking significant risks, and accepting pitiful expected returns is a bad idea. The average of the 10-year expected returns from the four gauges is -0.75%. When the Fed backs off, whether by its design or due to inflation, slower economic growth, or massive debt...

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#MacroView: A Vaccine And The “New New Normal”

Moderna and Pfizer recently announced they had potential vaccines for COVID-19 that are more than 90% effective. With that, the market surged, and a rotation into “economically sensitive” sectors occurred. While a “vaccine” will eventually come to the market, it will only ensure a return to the “New New Normal.” The Old “New Normal” Following the “Financial Crisis,” there was much discussion in the media about the “New Normal.” The term originated cautioning economists and policy-makers’...

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#WhatYouMissed On RIA This Week: 11-20-20

What You Missed On RIA This Week Ending 11-20-20 It’s been a long week. You probably didn’t have time to read all the headlines that scrolled past you on RIA. Don’t worry, we’ve got you covered. If you haven’t already, opt-in to get our newsletter and technical updates. Here is this week’s rundown of what you missed. Long-Term Care Webinar Register Now to reserve your spot. What You Missed This Week In Blogs Each week, RIA publishes the research and thoughts behind the...

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How To Invest When Markets are Detached from the Economy with Lance Roberts | MoneyShow Virtual 2020

Chief Investment Strategist, Lance Roberts', live webinar appearance at the 2020 Florida MoneyShow Virtual Expo. November 19, 2020. Topics covered include: - How to Invest - We're Still in a Bull Market - The Stock Market is Not the Economy (but the Economy is where companies derive earnings and profits) - Valuations - Risk Control - Lance's "Rules for Investing." -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ SUBSCRIBE to The Real...

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Markowski: Premature Vaccine Rally To Soon Fizzle!

The Premature Vaccine Rally To Soon Fizzle The stock market rally after Pfizer announced that its Coronavirus vaccine was 90% effective was premature since the vaccine: Now in stage 3, clinical trials have been fast-tracked by the FDA for emergency use ONLY Must finish Stage 3 and also stage 4 clinical trials before being approved for masses Not scalable since it requires storage at -70 degrees Celsius (-97 F) Probability is high for the vaccine driven rally to fizzle with Dow Jones 30...

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Seth Levine: How I Process Ideas Into Investments

How I Process Ideas Into Investments Investing is incredibly hard. Mapping observations to security price movements are complex. Often, the relationships governing these moves are unknown. Yet, this is the investor’s task. I’ve used this blog as a tool for exploring some of these connections. It’s been incredibly rewarding. Not only has writing brought many of my wrong ideas to light, but it refined my process for constructing an investment portfolio. I now have an improved method for mapping...

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You’ve Got To Ask Yourself One Question. Do You Feel Lucky?

You’ve got to ask yourself one question. Do you feel lucky? On November 9, 2020, Pfizer announced encouraging test results pointing to an effective COVID vaccine. In response, investors aggressively bought the stocks most negatively affected by COVID and sold those stocks that had benefited. For example, Netflix was down 8.6% while Disney was up 12%. Banking, industrials, materials, transportation, and energy stocks did well while technology and communications fell sharply. The divergence of...

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