Reports

With the 2024 Election rapidly approaching, we thought a brief update to remind friends of The Prudent Speculator to look far down the path would be useful. Our first Special Report on the upcoming election, Market Insights for the 2024 Presidential Election (click here), offered a … Read more about Investment Insight: Final Thoughts on the 2024 Election

John and Michael discuss the place of real estate in an asset allocation, explored market dynamics and highlighted potential Value-oriented opportunities. We recently hosted a webinar with our partners at Origin Investments. John Buckingham was joined by Origin co-founder and co-CEO, … Read more about Investment Insight: Consider Real Estate in Your Allocation

The CAPE ratio is a valuation measure that is calculated using a rolling ten-year average of the real earnings per share (EPS) and price for the S&P 500 index. It's a tool in an investor's toolbox, but this Investment Insight explains why it shouldn't be used on a standalone … Read more about Understanding the CAPE Ratio (aka the Shiller P/E)

With Small Cap stocks stuck in neutral this year from a performance standpoint, we thought it was worthwhile to refresh last year’s report on this still-undervalued subset of the stock market. Large Cap stocks have marched higher lately, propelled by a handful of A.I.-oriented companies like Nvidia … Read more about Investment Insight: Small Cap Stocks Should Be In Your Portfolio

  “I think it is rat poison!” Not mincing any words on May 6, 2013, when asked what he thought about Bitcoin on Fox Business News, Charlie Munger proclaimed that he regarded the cryptocurrency as “deeply flaky.” The price of Bitcoin was then $109. Nearly a decade later, the late … Read more about Investment Insight: Cryptocurrency Investing

Financial planning is the foundation for successful wealth creation. It is an involved process that begins with establishing goals and objectives, which mix short- and long-term priorities like purchasing a home, paying for education and saving for retirement. It also helps to clarify cash flow … Read more about 9 Questions Your Financial Plan Should Answer

We can’t remember a day recently that skipped some mention of the “Magnificent 7,” a nickname for the seven stocks in the S&P 500 index that have swelled. By the end of February, nearly a third of the index by weight and half of the index’s 34% gain since October 2022 could be attributed to the … Read more about Investment Insight: Trendy Investing – The Magnificent 7 Stocks

  Inflation, rising interest rates and economic worries were top of mind heading into 2023, causing many folks to remain on the market’s sidelines. The efforts to kneecap inflation by the Federal Reserve seem to have worked, suggesting that a fabled “Soft Landing” has moved from … Read more about Investment Insight: 2024 Visual Guide to the Markets

We wrote a pair of Special Reports (report one, report two) on the topic of small- and mid-sized company stocks in 2022 and thought a follow-up with additional number crunching was in order. The Cliffs Notes version of the preceding reports is that Small Cap stocks and Mid Cap stocks are … Read more about Special Report: Small Cap Stocks Offer Big Opportunities

The Prudent Speculator, a value-oriented investment newsletter we’ve published continuously since March 1977, has been guided–through thick and thin–by three core tenets: patience, selection and diversification. We believe selection (improving the odds of success) and diversification (risk … Read more about Special Report: To Retire a Millionaire, Exercise Patience

  Since 1977, The Prudent Speculator has followed an approach to investing that focuses on broadly diversified investments in undervalued stocks for their long-term appreciation potential. We like stocks and we like a lot of them in our portfolios. We thought readers of our August 2023 … Read more about Special Report: Investing in Value Stocks: 24 Stock Picks

Value investing is the ownership of assets at bargain prices. At the core is the notion that today’s price is below the future value. In practice, we are happy to pay a low price for a stock today that we expect is going to be worth more in the future. Despite sharing the same ultimate target of … Read more about Special Report: Investing in Value Stocks

While the equity markets enjoyed a solid first half of 2023, plenty of undervalued stock opportunities remain. In our latest special report Where to Invest in 2023, Mid-Year Update, we detail seven themes and specific stocks which we think those who share our long-term view should be considering as … Read more about Special Report: Where to Invest in 2023, Mid-Year Update

  John D. Rockefeller purportedly said, “Do you know the only thing that gives me pleasure? It's to see my dividends coming in.” We hope he found more to enjoy in life, but there is something to be said about the tangibility of income generated from one’s investments. Whether it is real … Read more about Why Dividends: 12 Dividend Stocks to Buy Now

  We originally published this Insight on Kovitz.com/Insights. Through Kovitz, we offer wealth management services and have collaborated with our clients on their investment decision-making process as they pursue their long-term financial goals. Our investment solutions are backed by our own … Read more about Insight: The CAPE Ratio – The Prudent Speculator

“Let me comment briefly on recent developments in the banking sector. Conditions in that sector have broadly improved since early March, and the U.S banking system is sound and resilient.” So proclaimed Jerome H. Powell on May 3 as he and his colleagues at the Federal Reserve decide to raise their … Read more about Special Report: Banking On Value – Revisited

Warren Buffett, the legendary investor and fan of value stocks, offered up the following advice in 1986 when the Dow Jones Industrial Average was south of 2000, “Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of … Read more about Special Report: Banking on Value Stocks

We originally published this Insight on Kovitz.com/Insights. Through Kovitz, we offer wealth management services and have collaborated with our clients on their investment decision-making process as they pursue their long-term financial goals. Our investment solutions are backed by our own stringent … Read more about Insight: In the Thick of a Recession

Strange as it sounds, more than five decades of historical market data demonstrates that Value investors benefit handsomely from higher interest rates. Sure, it’s easy to argue that this time is different, but we should be careful not to discount evidence which supports the thinking that higher … Read more about Special Report: Consider Cheering Higher Rates

Our Where to Invest in 2023 Special Report is available in Adobe pdf format by clicking here. Elevated inflation and rising interest rates commanded much of the attention in 2022, with proclamations from Jerome H. Powell and his colleagues at the Federal Reserve often the catalyst for volatile … Read more about Special Report: Where to Invest in 2023

Our 12 Stock Picks for the Festive Season Special Report is available in Adobe pdf format by clicking here. EVERYONE TELLING YOU BE OF GOOD CHEER No, it’s not the parties for hosting or the marshmallows for toasting or caroling out in the snow. With apologies to Andy Williams, it’s the most … Read more about Special Report: 12 Stock Picks for the Festive Season

Our Small Companies, Big Potential - An Update Special Report is available in Adobe pdf format by clicking here. Four and a half decades ago in the first edition of our The Prudent Speculator newsletter, Al Frank (founder of Al Frank Asset Management, which was acquired by Kovitz in 2018), wrote, … Read more about TPS SPECIAL REPORT: Small Companies, Big Potential – An Update

Our Inflation 101B Special Report is available in Adobe pdf format by clicking here. Although the increase in the Consumer Price Index in July was not as high as in June, inflation is front and center in the minds of economists, market watchers and everyday folks. U.S. inflation was ramping up … Read more about TPS SPECIAL REPORT: Inflation 101B

Our 2022 Outlook Mid-Year Update Special Report is available in Adobe pdf format by clicking here. To say that 2022 has been a tough year in the financial markets would appear to be a major understatement. After all, the S&P 500 tumbled 8.4% in June, skidded 16.5% in Q2 and plunged 20.6% in … Read more about TPS SPECIAL REPORT: 2022 Outlook Mid-Year Update

Our 7 Stocks to Buy While Mr. Market is Depressed - TPS Special Report is available in Adobe pdf format by clicking here. “The only thing we have to fear is fear itself!” The well-known quote from Franklin Delano Roosevelt seems apt to describe the state of affairs in the equity markets these … Read more about TPS SPECIAL REPORT: 7 Stocks to Buy While Mr. Market is Depressed

Our Special Report, Stay The Course is available in Adobe pdf format by clicking clicking here. After gaining more than 120% between March 23, 2020 and January 3 of this year, the S&P 500 index, a benchmark of the 500 largest companies in the U.S., has fallen nearly 20% over the last four … Read more about TPS SPECIAL REPORT: Stay the Course

Our Special Report on Small Companies, Big Potential is available in Adobe pdf format by clicking here.  Four and a half decades ago in the first edition of our The Prudent Speculator newsletter, Al Frank (founder of Al Frank Asset Management, which was aquired by Kovitz in 2018), wrote, … Read more about TPS SPECIAL REPORT: Small Companies, Big Potential

Our Don't Forget About Value Special Report, a long-read on value stocks, is available in Adobe pdf format by clicking here. Value has always been top of mind for us. Despite the broad U.S. equity indexes posting negative returns in January, there was a renewed enthusiasm for stocks in the Value … Read more about TPS SPECIAL REPORT: Don’t Forget About Value

The link to, A Few of John Buckingham's Favorite Stocks for 2022 is available by Clicking here Think Advisor Interview In John's interview with Think Advisor, he discusses the stock market outlook plus his favorite stocks for 2022. There's More We frequently publish market-oriented content on … Read more about Think Advisor: A Few of John Buckingham’s Favorite Stocks for 2022

The Most Important Charts of 2022 Special Report is available in Adobe pdf format by clicking clicking here. “Read last year’s forecasts before you take next year’s too seriously,” advised Morgan Housel, a partner at The Collaborative Fund, to his Twitter followers. Sound advice, we think, even … Read more about TPS SPECIAL REPORT: 2022 Stock Market Chartbook

Our Where to Invest in 2022 TPS Special Report is available in Adobe pdf format by clicking  clicking here Far more COVID-19 cases, hospitalizations and deaths than anyone might have fathomed. Concerns about potential capital gains, corporate and personal income tax hikes. A couple of … Read more about TPS SPECIAL REPORT: Where to Invest in 2022

Our Morningstar 5-Star Supernovas Special Report, a review of Morningstar ratings, is available in Adobe pdf format by clicking here. Warren Buffett states, “In the business world, the rearview mirror is always clearer than the windshield.” And even though investors are constantly bombarded with … Read more about TPS SPECIAL REPORT: Morningstar Stars & Ratings