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Investing in Range-Bound Markets

May 23, 2010
Here is my article on range-bound markets in NAPFA magazine:

Investing in Range-Bound Markets by Vitaliy N. Katsenelson (published in NAPFA Magazine)


Vitaliy Katsenelson

http://contrarianedge.com/

About the author:

Vitaliy Katsenelson

Vitaliy N. Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates in Denver, Colo. He is the author of The Little Book of Sideways Markets (Wiley, December 2010). To receive Vitaliy’s future articles by email or read his articles click here.
Investment Management Associates Inc. is a value investing firm based in Denver, Colorado. Its main focus is on growing and preserving wealth for private investors and institutions while adhering to a disciplined value investment process, as detailed in Vitaliy’s book Active Value Investing (Wiley, 2007).


Visit Vitaliy Katsenelson's Website


Rating: 4.3/5 (4 votes)

Comments

superguru
Superguru - 4 years ago
Excellent article. could not agree more. Great points about sell discipline and asking for more margin of safety and keeping in cash if no good opportunity presents itself.

IMO, Dividend will be important part of returns in next decade. I think energy companies like XOM would be a good investment at this point given the good yield and inflation concerns few years down the road.

(disclosure : Long XOM)
DocMoney
DocMoney - 4 years ago
Right on about the dividends. This will probably be true even with the new increased taxes on them. I look for meaningful, rising dividends with a low payout ratio.

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