Mpartners

07/04/2022

The chart below from Strategas makes for bad reading if you are an index (or growth) investor. In the chart they break down historical price earnings ratios by inflation levels. The index is currently stuck in the old dreamland of 0-2% inflation. The price to earnings of the S&P 500 is currently well above 18.1x namely 21x!

‘We are here’. Currently the real inflation number is 6-8%. A price earnings ratio of 12.1 times (12.1x) reflects the more realistic multiple that investors will be willing to pay should inflation remain at these high levels. Whilst not many people (including ourselves) believe that inflation will remain quite so high, it is nonetheless comforting to know that even under such extreme conditions our value portfolio is still relatively cheap (currently around 10 times earnings (10 x).

08/10/2021

Wealth warning: Market timing destroys returns

Probably the most common way that retail investors lose money is by acting on their anxieties – particularly common when media headlines become negative. The chart below is definitely one of our top 10, and should be carried with investors at all times.

If you happened to be out of the market for only the 20 best days in the past 26 years (nearly 7,000 days) it would have more than HALVED your return. Miss the best 50 days and you have now LOST money. So just these 50 days stand between EUR 1 million becoming EUR 9,4 million or EUR 770,000.

Investment returns come in lumps – far, far more than most people realise.
And just as luck would have it – these returns often occur when sentiment is low, and media headlines are negative. We have come full circle….

Rule 1 of investing is ‘time-in’ the market, not ‘timing’ the market. Ignore at your own peril!

24/07/2021

Voor onze impactportefeuille hebben cliënten hun kwartaalrapport ontvangen. Focus op waarde beleggen, climate action en gendergelijkheid.
Wil je ook weten hoe je impact kan maken door te beleggen in beursgenoteerde bedrijven? Klik dan op de link voor het impact rapport: https://bit.ly/3i1OaEZ

For English: https://bit.ly/3hZFzSZ

Wil je ook impact maken door te beleggen in beursgenoteerde bedrijven? We leggen het uit hoe ons vermogensbeheer werkt aan een duurzame toekomst.

03/06/2021

It seems that people are finally realising that ESG investing is not exactly what they thought it was. This comes as no surprise to those of us who been investing sustainably for many years. So what is the issue? Read here: https://bit.ly/3ce7N9x

Voor Nederlands: https://bit.ly/2TIumNf

Duurzaam ESG-BELEGGEN IS NIET WAT MEN VOOR OGEN HAD Het lijkt erop dat mensen zich beginnen te realiseren dat ESG (Evironmental Social and Corporate Governance)-beleggen niet precies is wat zij voor ogen hadden - zie dit recente artikel in de Economist ‘Sustainable

11/05/2021

ESG waarderingen op weg naar ‘niet duurzaam’ gebied? Lees waarom actieve research en een 'value' benadering - nu meer dan ooit - belangrijk is.

ESG valuations heading into ‘unsustainable’ territory? Read why the ‘value’ part of our sustainable value investing approach is so important.

Duurzaam ESG WAARDERINGEN OP WEG NAAR 'NIET DUURZAAM' GEBIED? Eén segment van de markt dat een buitenproportioneel percentage van de instroom van beleggers heeft aangetrokken, is ESG (Environment, Social & Governance)-gericht beleggen. De ‘ESG’ score van een bedrijf maakt al jaren deel

03/02/2021

Ook met beursgenoteerde beleggingen kun je impact maken! Voor onze impactportefeuille hebben cliënten hun kwartaalrapport ontvangen. Focus op waarde beleggen, climate action en gendergelijkheid. Klik hier als je het impact rapport wilt ontvangen: https://bit.ly/3pLoQ7A

Our clients received the impact report for their wealth management portfolio. You can also make a difference with your liquid investments! Focus on value investing, climate action and gender equality. Click on the following link to receive the report: https://bit.ly/3riiQTZ

Mpartners Sustainable Value Investing - duurzaam en verantwoord vermogensbeheer. Download hier ons Impact Rapport en lees meer over onze aanpak.