It is now accepted wisdom on Wall Street that the great bond rally of the past 30 years is over and that we have entered a new era of higher interest rates. Not so fast says this week’s Great Investor guest, Robert Kessler. He points out we have had many false alarms about economic growth and central bank tightening over the last 6 years only to see interest rates retreat again.
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ROBERT KESSLER – IN DEFENSE OF BONDS
DON’T ABANDON YOUR ENTIRE PORTFOLIO OF U.S. TREASURIES OR BONDS!
Review your bond positions – make sure they meet your income and diversification goals Bonds provide: – Diversification – Income – Stability over time U.S. Treasuries provide: – Liquidity – Guaranteed income – Guaranteed return of principal at maturity – A non-correlated asset
OVERLOOKED OPPORTUNITIES IN GLOBAL REAL ESTATE
Demand for commercial and residential real estate in the developing world is exploding as an estimated one billion people move to cities over the next decade. This new “consuming class” could contribute $20 trillion a year to the global economy, according to McKinsey. A major beneficiary is expected to be the real estate industry. This week’s guests say global real estate is a huge investment opportunity overlooked by the vast majority of individual investors.
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CONSIDER ADDING SOME INTERNATIONAL REAL ESTATE TO YOUR PORTFOLIO
CONSIDER ADDING SOME INTERNATIONAL REAL ESTATE TO YOUR PORTFOLIO – Offers value, appreciation, and diversification opportunities – Best In Class Global Real Estate Funds – Value-oriented: Third Avenue Real Estate Value Fund (TVRVX) – Growth- oriented: Baron Real Estate Fund (BREFX)
GLOBAL INVESTMENT TRENDS AND STRATEGIES
In recent years, having a home bias has paid off for investors- American stock markets have outperformed other developed markets and trounced the losses in many emerging markets- but will it continue to do so? Two global investment pros, David Darst of Morgan Stanley and Peter Langerman of the Mutual Global Discovery Fund, will discuss where you can find the highest quality businesses at bargain basement prices.
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TWO RECOMMENDATIONS FOR END OF SUMMER READING
David Darst recommends: [amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″ tracking_id=”wealt-20″]1607965704[/amazon-product] Peter Langerman recommends: [amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″ tracking_id=”wealt-20″]0773538631[/amazon-product]