Young Research & Publishing Inc.

Investment Research Since 1978

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Herd Immunity by April?

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COVID-19 may be entering its final days. According to one medical expert writing in the WSJ, the U.S may see herd immunity by April. Dr. Makary, a professor at the Johns Hopkins School of Medicine and Bloomberg School of Public Health, writes: Amid the dire Covid warnings, one crucial fact has been largely ignored: Cases are down 77% over the past six weeks. If a medication slashed cases by 77%, we’d call it a miracle pill. Why is the number of cases plummeting much faster than experts predicted? In large part because natural immunity from prior infection is far more common than can be … [Read more...]

Corporate Bond Yields: What You Can Earn Today

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Corporate bonds are a good place to pick up yield in the bond market. With yields on government bonds in much of Europe and Japan in negative territory, corporate bonds offer a higher-yielding alternative. Corporate bonds are a broad universe, though. There are investment-grade corporate bonds, junk bonds, foreign corporate bonds, hybrid corporate bonds, and floating-rate corporate bonds among other variations. Investment-grade corporate bonds are the largest part of the corporate bond market. How Much Do Corporate Bonds Yield Today? We break the investment-grade corporate bond … [Read more...]

Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?

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The Vanguard Wellesley (VWINX) and Wellington (VWELX) funds are both balanced mutual funds managed by the Wellington Management company. Wellington and Wellesley both invest in dividend-paying stocks as well as bonds, but there are some crucial differences. We will explain the similarities and differences between Vanguard Wellesley and Wellington to help you decide which fund, if either, works best for you. Richard C. Young an Authority on Vanguard Wellesley & Wellington Young Research has followed both Wellesley and Wellington for over four decades. We aren’t aware of any … [Read more...]

Your Retirement Life: Meet Larry the Car Wash Guy

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This is one of my favorite stories about a guy following his passion and making a career out of it. If you haven’t checked out his videos on how to wash a car, then you’re in for a treat. Enjoy! CNBC tells the story of Larry Kosilla, a Wall Street trader who decided to give up the fast lane to instead pursue his dream of being around expensive cars all the time. Marguerite Ward reports: “You can’t fake enthusiasm,” Kosilla tells CNBC. “There’s not enough money in the world to fake enthusiasm.” He created a website Ammo NYC to sell detailing products online in 2011. From there, he … [Read more...]

Is Oil Headed Back to $100 per Barrel?

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With all the focus on green and renewable energy, one might think that the oil and gas business is finished. It’s possible demand will peak within the next couple of decades, but don’t forget it is supply and demand that set the price. Every year without additional investment, the world's oil supply falls by millions of barrels a day. Oil demand collapsed in 2020, but so did investment which will limit supply in the near-to-medium-term. Goldman Sachs and JP Morgan are forecasting a surge in oil prices. The FT reports: The most bullish forecast has international crude prices staging a … [Read more...]

You’re Worried About Money, Not Just Losing It

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I had a conversation with a prospective client yesterday telling me he wants preservation of principal with growth. And on top of that, he told me what stocks he wanted to own. (You know the names, I won’t bore you.) “Because I don’t like to lose money,” he said. In my over 25-years working in the investment business, I have yet to meet someone who “likes” losing money. It’s not a “well he can afford to lose some money” thing either. Losing money is losing money. No one likes to be a loser. Period. On a separate note, I had a real nice conversation with another prospective client earlier … [Read more...]

Texas Needs More Coal, and More Nuclear

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The winter weather hitting Texas this year has shown that the "transition" energy combination of renewables and gas has flaws. The Wall Street Journal writes: Texas has about 30,000 MW of wind capacity, but winds aren’t constant or predictable. Winds this past month have generated between about 600 and 22,500 MW. Regulators don’t count on wind to provide much more than 10% or so of the grid’s total capacity since they can’t command turbines to increase power like they can coal and gas plants. Wind turbines at times this month have generated more than half of the Texas power generation, … [Read more...]

America’s Growth Corridors as Written in 2013 by Joel Kotkin

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In 2013, in contrast to the majority of the establishment media, Joel Kotkin wrote that America's future economic growth would be driven by what he called "four growth corridors," including "the Great Plains, the Intermountain West, the Third Coast (spanning the Gulf states from Texas to Florida), and the Southeastern industrial belt." Kotkin told readers of The Wall Street Journal that these growth corridors tended to be "generally less dense, more affordable, and markedly more conservative and pro-business." He continued: Overall, these corridors account for 45% of the nation's land … [Read more...]

Number of Bubble Stocks Rivals Dotcom Period

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This chart doesn’t require much explanation. What you are looking at is the number of stocks listed on U.S. exchanges with meaningful market values that are up more than 500% over the last year. Why 500% over a year? It is admittedly pretty arbitrary, but a nice round number that is so high it would be difficult to explain as something justified by improving fundamentals. The last time we saw anything close to this kind of mania was the dot-com bubble. Seasoned investors have the benefit of knowing how this type of mania ends. Stay cautious and prudent even if your neighbor’s … [Read more...]

You’re Witnessing Reckless Spending and the Destruction Of…

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You’re living in a crazy world where a lot of the frustration you and I feel is absolutely avoidable. Where’s leadership’s common sense? They’re making calls that impact your life in a way that seems separate from theirs. Why, for example, is the nation’s Capitol building surrounded by a moat-like steel fence and armored guards? From whom are they protecting themselves? You’re witnessing reckless spending and the destruction of the dollar. Is there any wonder today’s headlines read like an inflationary who’s who? “Lumber Prices Notch Records on Remodeling Boom, Stock Futures Gain, Natural Gas … [Read more...]