On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Alex Morris from F/m Investments for a live show recorded in Washington D.C. that covers inflation, the Fed, AI, tax alpha and much more.
Definitions of terms from the episode -
AG Index: Evaluates the performance of agricultural sectors across different regions.
Basis point: Is used to indicate changes in the interest rates of a financial instrument.
SALT Deduction: SALT stands for State and Local Taxes. The SALT deduction allows taxpayers to deduct these taxes from their deferral taxable income.
Alpha: Measures an investment’s performance relative to a benchmark index.
Tax Alpha: The difference between a portfolio’s after-tax return and the after-tax return of benchmark.
Coupon: A periodic interest payment made to bondholders
Russell 2000: Is a stock market index that measures the performance of 2,000 small cap companies in the U.S.
Options: Financial derivatives that give the holder the right, but not the obligation, to buy or sell an asset
BDCs: Stands for Business Development Company, a type of investment firm. BDCs primarily invest in small and mid-sized businesses
REITs: Stands for Real Estate Investment Trust, a company that owns, operates, or finances income-producing real estate
Par: Stated or face value of a financial instrument, primarily bonds and stocks
GFC: Stands for Global Financial Crisis, which refers to the severe worldwide economic crisis that occurred in 2007-2008
AGG: iShares Core U.S. Aggregate Bond ETF, which tracks the performance of the U.S. investment-grade bond market
Find complete show notes on our blogs...
Ben Carlson’s A Wealth of Common Sense
Michael Batnick’s The Irrelevant Investor
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