Plan for next week
It has been a terribly busy week, so I apologize for the lack of posts. Depending on my schedule over the next few days expect to see some new posts on new topics. As always readers are invited to comment, and I'll do my best to respond.
- Continuing my series on fixed income investments, by talking about TIPS and then moving on to more exotic fixed income securities. I see TIPS as one of the best investments contra recession, especially a stagflationry recession.
- Just to recap: part 1 of the series was on why bonds are important, and Part 2 was on Bond ETFs. So far we have concluded that the Lehman Aggregate ETF (AGG) is the quickest, easiest way to add bond exposure to a portfolio.
- The great Douglas Emmett (DEI) IPO of 2006. This IPO raised 1.4 billion dollars, about $300 million more than expected. The underwriters increased the offering to 66 million shares and priced at upper range of $21 a share. DEI opened trading at $23.75. I have several opinions about this IPO, but mainly I think it is yet another a sign of a potential top in the BIGREIT sector (ICF). Large equity REITs have had a huge run up in value. The Douglas Emmett IPO is in the opposite direction of recent private equity takedowns of publicly traded REITS.
- Some thoughts on developing high performance socially responsible indexes. A way must be found to counteract the persistent large growth and glamour biases that sap Socially responsible investment SRI returns.