These 6 investment newsletters have delivered top returns in good stock markets and bad Everett Collection The money managers with the best track records are not necessarily the best choice for many stock investors.
When following a manager, long-term investment success is a matter of both statistics and psychology: Will an investor actually follow that manager through thick and thin? If the answer is “no” — and it often is — then following that manager could cause more harm than good.
Advisers often recommend managers who look great on paper but who require more courage and discipline to follow than their clients find tolerable. In such cases, what all too often happens is that clients throw in the towel after a big downturn, thereby suffering 100% of that manager’s downside risk and forfeiting any possibility of realizing that manager’s long-term potential.
This crucial point also applies to a broad-market index fund, since such a fund can look superior on paper but demand a too-..Read More →

Bitcoin eyes $10,000 milestone as ‘mesmerizing’ performance continues Bitcoin surged to a new all-time high early on Monday, setting sights on the $10,000 milestone just a day after topping $9,000 for the first time ever.
As traders returned from the Thanksgiving weekend Monday morning, the cryptocurrency BTCUSD, +0.56% was up 2.9% at $9,605.58, according to CoinDesk, pulling back from a level of $9,719.52 earlier in the session. Bitcoin has been skyrocketing of late, surging almost 70% over the last month alone, and is now up almost 900% in 2017 so far.
“We’re seeing strong flows with leveraged traders almost entirely long. While we shouldn’t put too much truck in round numbers, the performance has been mesmerizing and it is a sign of sky-high demand,” said Neil Wilson, senior market analyst at ETX Capital, in a note.
Bitcoin has gone from $8,000 to $9,000 in just seven days, according to CoinDesk, for its fastest 1,000-point rally ever.
ilson explained that the CME Group’s CM..Read More →