FMD Capital Management

The Anomaly of Gold ETFs: Big Assets, Negative Returns

Written by David Fabian, June 27th, 2017

ETF investors are generally split into one of two crowds. Those that seek out the lowest cost funds for reliable correlation to the capital markets and those that jump on the hottest trends to try and ride a new wave of top-tier performance. The former is typically sticky money in the most diversified and time-tested indexes on the planet. The latter tends to jump around with every new cycle by reducing exposure to the weakest asset classes and increasing position size in areas showing the greatest momentum.

Then there are the anomalies. The outliers. The unexplainable trends driven by perception, fear, or some other phenomenon. It’s this category that I find so interesting to observe because of the unwavering conviction that flies in the face of normal behavioral patterns.

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State Of The Market In 5 Charts – June 2017 Edition

Written by David Fabian, June 25th, 2017

The halfway point of 2017 is nearly upon us and as investors consider market dynamics, there is much to be both excited and worried about.  The following are some of the most interesting charts on my radar right now and their implications for your portfolio.

PowerShares QQQ (QQQ)

In my opinion, no other major index can define the resilience of growth stocks better than the NASDAQ-100 over the last several years.  This ebullient group of the 100 largest non-financial stocks on the NASDAQ Stock Exchange has now spent 137 trading days above its 50-day moving average.  That’s a new all-time record according to Charlie Bilello of Pension Partners. Read more

Maxing Out Dividend Yields Using ETFs

Written by David Fabian, June 20th, 2017

Setting reasonable expectations for dividend income is an aspect of investing that many retirees have yet to embrace. With 10-Year Treasury yields hovering in the low two percent range, there is generally a need for other investment options to supplement high quality fixed-income. This is often when investors turn to exchange-traded funds that track a basket of riskier assets to generate the income they desire or to chase a top-performing market sector.

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The Best Investment I Have Ever Made

Written by David Fabian, June 18th, 2017

I’m going to veer off course from the financial markets and I hope that you will indulge me for a few moments.  It isn’t often that I find myself talking about family or personal matters outside of a quick anecdote.

I’m fortunate enough to be able to write about finance, investments, and sound behavioral choices as a foundation of my wealth management business.  I love the opportunity to help educate others as to what I believe are the best choices you can make in the financial markets. Read more

Sector Rotation: Sell Tech and Buy Energy?

Written by David Fabian, June 15th, 2017

Every year brings with it new challenges with respect to sector leaders and laggards.  This is particularly acute for investors that own individual stocks or that like to add tactical exposure via sector-focused ETFs.  Sometimes you are in the sweet spot and other times you miss the mark entirely.

That scenario perfectly encapsulates the recent divergence between the top and bottom performing sectors this year.  Technology has been the big outperforming growth theme that has been driven by tremendous momentum and enthusiastic sentiment.  Conversely, energy stocks have languished by the wayside as falling oil and natural gas prices weigh on valuation prospects.  Read more