You Don't Wanna Miss a Thing!
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You Don't Wanna Miss a Thing!
Previous articles published on our website
Starting July 2023, we move all of our insights and publications to Substack. Here are previous articles written by our team and published at Christmas Corp website.
The Wise, The Small, and The Yacht
Market was unforgiving, and doomsayers were everywhere. Good news became bad news, and bad news became good news. During market chaos, we got some exciting updates for you. Read more…
June 2022: Predicting Future Performance
Confuse no more. Now you can choose your fund manager with much more confidence. Recent research shows that fund with high active shares and past outperformance tends to outperform in the future. How do you choose which fund to invest in? Read more…
F1 Racing and Investment Management
The 4th round of the 2022 Formula One (F1) is the Emilia Romagna Grand Prix (formerly San Marino GP), held at the Autodromo Enzo e Dino Ferrari in Imola, Italy, better known as the Imola Circuit. The track is named after the founder of Ferrari, Enzo Ferrari, and his son, Alfredo "Dino" Ferrari. As of April 26, 2022, Ferrari (RACE) stock has been the top holding in Christmas Corp's clients portfolio since 2016. Read more…
2 Years After Covid Bottom
On March 20, 2020, just 3 days before covid crash reached its bottom, I wrote about how S&P 500 valuation was at the cheapest level unseen for decades, at least based on my own metrics. I published it on Linkedin and our website. Read more…
February 2022: Proof of Our Alpha
February was a busy month to answer questions from our clients such as: “are stocks going down?”. The answer is YES for the markets, especially for growth stocks, and NO for our investments. Read more…
Options - When Flexibility Meets Perfection
At Christmas Corp, we continuously seek new ways to optimize clients' returns. There are some instruments that we believe are useful for enhancing the return or reducing the risk of our portfolio. This time we'll share our experience with stock options. Read more…
Global Stock Markets: Evidence Since 1992
How did the stock market perform over the last three decades for each major country? In this writing, we refer to the 19 MSCI country-based indexes total return including dividends and in USD terms. Data point starts in December 1992, as we cannot get China and India data prior to that date. We add Emerging Market index, because some would say that investing in emerging countries offers potential to outperform the established countries. Read more…
A Simple Asset Allocation Plan for Free
This table below serves as a rule of thumb. As one gets older, the portfolio should be more conservative. But many other factors determine your risk tolerance, and you must decide your investment objectives. Note: you may need a human advisor to help you assess your unique cases. If you can, seek one. Otherwise, this is our free advice. Read more…
Why Performance Matters
A simple answer: more things you can do! They say, investing is more important to measure progress towards life goals, such as retirement or children's education, rather than maximizing returns or beating the market. But we believe that investment performance is a booster to achieve someone's goals. Read more…
The Power of Heritage
Luxury is about having the power to choose among best available options. It is a luxury to own a Birkin Bag designed by Ginza Tanaka or to ride a Ferrari SF90 Stradale designed by Flavio Manzoni. Have you ever thought about how expensive they are? Well, good news is, we can own the companies instead of buying the products. We can tell that it is also a luxury to invest in their businesses. You can zen-mode your mind and enjoy a persistent, wide-moat investment at a fraction of a Birkin Bag price. Read more…
New Economy, Should We Invest in It?
'New economy' stocks are one of the main reasons behind Wall Street and main street divergence. They led stock market recovery during the Covid-19 crash. They bring the S&P500 index (not to mention Nasdaq) to a new high when the world is still suffering from the pandemic effect. FAANG is part of the new economy, and so with other 'tech' stocks, or 'fourth industrial revolution' stocks. Read more…
I Got My First Investment Lesson from The Bible
Yep, you heard it right. Most of us might think that the bible teaches lessons of humility, love, caring for others, sacrifices, generosity, and other virtuous things. It may seem odd that a bible passage could teach us about investment, a capitalistic system, the one which is deemed as something so money-grubbing and greedy, very infernal. Read more…
Is it Time to Buy?
We've seen how investors and traders react on shocking events like COVID-19 outbreak: PANIC, resulting in one the fastest market downturn in history and highest volatility index (VIX) ever recorded. Yet, our proprietary ratio for the S&P 500 indicates a great opportunity to enter the market. Even this is maybe a better momentum compared with 2008's post-market crash. Read more…
Tap Dancing to Work. Lessons from Warren Buffett
As an investment professional, I always find it beneficial if not compulsory to read anything about Warren Buffet, how he got the initial capital to form his first partnership, his tips and tricks surviving stock market volatility, how to get his team on-board, etc. Tap Dancing to Work is a book of selected articles about Buffett collected by Carol J. Loomis a former Fortune's senior editor-at-large. Those articles were published from 1966-2013 and some articles were written personally by Buffett. Read more…
Why Long-Term Investing
"Is now the right time to invest?" "Should I wait for a market crash to invest?" "Are we at the bottom now?" "The price is at the highest level ever, should I sell now? "Pundits foresee a market crash, should I sell now?" Read more…
The Perks of Dividend
Dividends are often disregarded by stock investors. Some investors buy stocks purely for capital gains. Not only traders, but also many long-term investors share this disposition. Read more…
PBV Ratio Valuation Enhancement: Evidence from S&P500 Companies
This scientific paper has been published on Journal of International Finance and Economics (JIFE), and was presented in IABE San Francisco Conference in December 2015. Read more…
Why Invest in U.S. Companies
Some people say that U.S. is (or will be) no longer the global economic powerhouse. My view is different: this country is too good to ignore. Challenges do exist: ageing population, Federal Debt level, strong dollar, etc. But please do remember, this is a country that survived Great Depression, won the World War 2, Cold War, and Great Recession. Read more…
