Concho Investment Advisors

Anonymous 

on Facebook

4 years ago

Market Benchmark Update as of September 30, 2020 U.S. stocks took a breather in September but are still up on the year. Year-to-date total returns are as follows, is your portfolio measuring up? Overall U.S. stock market: Year-to-Date S&P 1500 Composite Index: 4.1% Russell 3000 Index: 5.4% Vanguard Total Stock ETF (VTI): 5.5% S&P Large Cap 500: 5.6% S&P Small Cap 600: -15.3% S&P Large Cap 500 Growth: 20.6% S&P Large Cap 500 Value: -11.5% Note the enormous differences between large cap and small cap, growth and value! Interna... read more

Anonymous 

on Facebook

4 years ago

The risk/return distribution of venture capital investments is not like public stocks. This article outlines some little-known facts about VC. 

Anonymous 

on Facebook

4 years ago

The DJIA ended August at 28,430. But what if I told you the true level of the DJIA should be 30,500 or even 37,450? Those numbers reflect the percentage changes in other market averages from the beginning of the year, superimposed on the Dow. The Dow Jones Industrial Average is a price-weighted average of 30 U.S. stocks and the Dow is performing poorly this year. No professional investor uses the Dow as a gauge of the U.S. stock market. Professional investors use broad market-cap indexes like the S&P 1500 Composite, the Russ... read more

Anonymous 

on Facebook

4 years ago

Market Benchmark Update as of July 31, 2020: July represented a continuation of recent trends in the stock and bond markets. U.S. stocks rallied 5.5%, led by large cap growth stocks. International stocks under performed U.S. stocks, returning 4.5% for the month. Bonds had another good month, up 1.5%, while real estate lagged the broader market, up 4.1%. Year-to-date total returns are as follows, did your portfolio measure up? Overall U.S. stock market: Year-to-Date S&P 1500 Composite Index: 1.2% Russell 3000 Index: 2.0% Vang... read more

Anonymous 

on Facebook

4 years ago

Market Benchmark Update as of June 30 Investment markets experienced incredible volatility in the first half of 2020 and large cap growth stocks pummeled small cap value. Here are first half 2020 total returns, did your portfolio measure up? Overall U.S. stock market: S&P 1500 Composite Index: -4.1% Russell 3000 Index: -3.5% Vanguard Total Stock ETF (VTI): -3.4% S&P Large Cap 500 Growth Index: 7.9% S&P Small Cap 600 Value Index: -24.5% International stocks: MSCI Ex-US stock index: -11.2% Vanguard Total Intl Stock ETF (VXUS):... read more

Anonymous 

on Facebook

4 years ago

Why is there such a disconnect between the stock market and the economy? The S&P 500 is up 13.6% over the last 12 months but economic forecasts predict double-digit GDP declines in 2020. Evidence points to abnormally high investment participation by individual investors. A great illustration of this phenomenon is this "Personal Savings Rate" graph, showing how much people are paid minus how much they spend and are taxed. The Personal Savings Rate is generally between 4-8% but April came in at a whopping 33.0%! With unprecede... read more

Anonymous 

on Facebook

4 years ago

Oil spot prices are collapsing, below $12, but oil futures are not. Oil is trading around $30 in August, which means you can short oil and make money if oil is still trading below $30 in August. It's like the coronavirus hedge trade. 

Anonymous 

on Facebook

5 years ago

So the Fed drops the Funds rate 50bp in an off-meeting move to stimulate the economy due to coronavirus fears. I cannot support today's Fed action. Unemployment rate is at all-time lows, inflation is muted, economy is fine, everyone with a mortgage is refinancing, and the coronavirus is a temporary economic disruption. Are they going to raise Fed Funds when coronavirus fears go away?