Core Insights - The article emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior, particularly in the context of equity analysis and research [1]. Group 1: Professional Background - The expert has over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1]. - The professional background includes advising on and implementing multi-asset strategies, with a strong emphasis on equities and derivatives [1]. Group 2: Investment Philosophy - The goal of sharing insights is to make investing accessible, inspiring, and empowering for fellow investors [1]. - The expert encourages building confidence in long-term investing through shared knowledge and collaboration [1]. Group 3: Market Analysis Focus - The analysis includes close monitoring of EU and US central bank policies, sector rotation, and sentiment dynamics to construct actionable investment strategies [1]. - The expert has navigated various market conditions over the past decade, indicating a robust understanding of market dynamics [1].

I’ve been a Barchart user for many years, long before I started writing here. And over time, I’ve started to leverage more and more of the tools and data offered. For instance, I’m now scouting for good chart setups among the stocks reporting quarterly earnings in the next 7 days. As is often the answer when I ask myself “I wonder if Barchart has a quick and easy way for me to find this out”...the answer is “yes.” This shows the screen and tabs I clicked on to get that list. More News from Barchart www. ...

Core Insights - The article emphasizes the attractiveness of exchange-traded funds (ETFs) for long-term investors seeking quality investments that generate recurring income through dividends [1] Group 1: Vanguard Dividend Appreciation ETF - The Vanguard Dividend Appreciation ETF offers a dividend yield of 1.6%, slightly above the S&P 500 average of 1.2%, with a focus on dividend growth, making it appealing for long-term investors [3] - The fund has a low expense ratio of 0.05%, which is significant for long-term investing as lower fees can lead to higher returns over time [4] - The ETF holds over 330 quality dividend stocks, with Broadcom, Microsoft, and JPMorgan Chase as the top three holdings, where Broadcom constitutes about 6% of the portfolio, providing good diversification [5] - In 2025, the fund has generated total returns of 11%, which is close to the S&P 500's 14%, indicating potential resilience in down years due to its dividend growth [6] Group 2: Vanguard High Dividend Yield ETF - The Vanguard High Dividend Yield ETF offers a higher yield of around 2.5%, more than double the S&P 500 average, focusing on high-yielding stocks with 579 holdings as of August 31 [7] - The fund has a low expense ratio of 0.06%, making it a cost-effective option for investors [7] - There is some overlap with the Dividend Appreciation ETF, as Broadcom and JPMorgan Chase are also top holdings, while ExxonMobil, with a 3.5% yield, is among the top three in this fund [8] - Despite the higher risk associated with high-yielding stocks, the ETF's diversification mitigates this risk, as no single stock, apart from Broadcom and JPMorgan Chase, accounts for more than 3% of the portfolio [9] - This year, the ETF's returns have been consistent with the Dividend Appreciation ETF, both achieving over 11% returns including payouts, making them strong long-term investment options [10]

Core Insights - SMAs have seen significant growth, increasing by over 54% to $3.86 trillion in assets as of Q1 2025, according to Cerulli Associates [1] - Despite the growth, average redemption rates for SMAs are in the double digits, which is higher than asset managers anticipated [1] Group 1: Growth of SMAs - Asset managers have rapidly launched managed accounts, with Edward Jones doubling its SMA offerings this summer and Percent launching its first SMA focused on private credit [2] - Research indicates that advisors prefer SMAs over model portfolios due to lower fees and greater customization, with assets in SMAs growing by nearly 70% to $500 billion from early 2023 to mid-2024 [2] Group 2: Redemption Rates - A Cerulli survey found that the average redemption rate for equity SMAs is 21.1% and 15.9% for fixed-income SMAs, which are higher than expected despite being comparable to mutual funds [3] - Asset managers had anticipated investors would remain in SMAs for 10 to 20 years, but the actual holding period is closer to five years [4] Group 3: Market Volatility Impact - Persistent market volatility over the past six years may contribute to higher redemption rates, as clients can react quickly to market downturns [5] - Asset managers viewed SMAs as long-term investments due to the complexity of liquidating multiple individual stocks, but short-term market disruptions and client needs have led to shorter holding periods than expected [6]

Core Insights - The unsung hero of Warren Buffett's long-term investing success is dividend stocks, which have significantly contributed to his nearly 20% annualized return over 60 years [2][3] - Buffett's retirement is anticipated to impact Berkshire Hathaway shareholders due to his exceptional track record and investment philosophy focused on value and long-term growth [2][4] Dividend Stocks Performance - Research indicates that dividend stocks have outperformed non-payers, with an average annual return of 9.2% compared to 4.31% for non-dividend stocks over a 51-year period [3] - Companies that consistently pay dividends tend to be profitable and provide a transparent long-term growth outlook, aligning with Buffett's investment strategy [4] Berkshire Hathaway's Holdings - Berkshire Hathaway's long-held stocks, such as Coca-Cola, American Express, and Moody's, have generated substantial yields on cost, with yields of approximately 63% for Coca-Cola and 37% for both Moody's and American Express [6][12] - The cost basis for these stocks is notably low, with Coca-Cola at $3.25 per share, American Express at $8.49, and Moody's at $10.05, leading to impressive returns from dividends alone [10] Dividend Income Generation - Berkshire Hathaway collects over $5 billion annually in dividend income, including traditional payouts and preferred income from investments like Occidental Petroleum [11] - Coca-Cola has increased its annual payout for 63 consecutive years, classifying it as a Dividend King, showcasing the benefits of holding high-quality stocks for extended periods [12] Future Potential - Berkshire Hathaway may continue to generate significant yields, particularly with its stake in Bank of America, which has been increasing its payouts since the financial crisis [13] - The focus on businesses with sustainable competitive advantages, such as American Express, contributes to long-term share price and dividend appreciation [14][15]

Core Insights - The article emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior, particularly in the context of equity analysis and research [1]. Group 1: Professional Background - The individual has over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1]. - The professional background includes advising on and implementing multi-asset strategies, with a strong emphasis on equities and derivatives [1]. - The individual holds a BA in Financial Economics and an MA in Financial Markets, indicating a solid educational foundation in finance [1]. Group 2: Investment Philosophy - The goal of sharing insights is to make investing accessible, inspiring, and empowering for fellow investors [1]. - The analysis aims to help build confidence in long-term investing through the exchange of ideas and insights [1]. - The article encourages readers to conduct their own research before making investment decisions, highlighting the importance of informed decision-making [1].

Investment Strategy - Warren Buffett's investment strategy focuses on avoiding trends and investing in companies or industries he understands well [5] - He emphasizes uncovering quality companies that are undervalued or reasonably priced [5] - Buffett is known for his long-term holding approach, with an ideal holding period described as "forever" [6] Recent Market Activity - Despite the S&P 500's fluctuations, Buffett has made a significant move by accumulating a record level of cash, peaking at over $347 billion in Q1 and finishing Q2 at approximately $344 billion [7] - This cash accumulation occurs while the S&P 500 has been climbing, raising questions about Buffett's insights compared to Wall Street [3][7] Performance Comparison - Berkshire Hathaway has achieved a compound annual gain of nearly 20% over nearly 60 years, significantly outperforming the S&P 500's 10% gain during the same period [1]

Core Insights - The article emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior [1] - It highlights the author's extensive experience in asset management, particularly in equity analysis and research [1] - The goal of sharing insights is to empower investors and promote confidence in long-term investing [1] Company and Industry Analysis - The author has a background in both institutional and private client asset management, focusing on multi-asset strategies with an emphasis on equities and derivatives [1] - The analysis includes close monitoring of EU and US central bank policies, sector rotation, and sentiment dynamics [1] - The article aims to provide actionable investment strategies based on the author's research and insights [1]