I wouldn’t touch an S&P 500 Index product such as the Vanguard 500 Index Fund (VFINX, $234.91) with a 10-foot pole. It’s a passive index full of overvalued momentum stocks and overweight the most overvalued momentum stocks.
To learn more about this relatively new business structure and its application in financial services, we talked with Matt Blume and Pat Herrington of Appleseed Capital—an independent, socially responsible wealth management firm and advisor to the Appleseed Fund, a mutual fund— which has been a B Corporation since 2015.
With sales beginning to rebound from depressed levels, Titan’s upside potential from the current price is considerable, which is probably why insiders are buying.
Earlier this week, the Federal Reserve raised interest rates for the third time this year, with another hike expected before 2019. As interest rates continue to rise, financial institutions and consumers alike will begin to feel the effects of this policy change.
There’s a lot to like about the business, balance sheet, and valuation of SK Telecom. For a large-cap company, SK Telecom looks remarkably interesting and undervalued.
“Sure, the opportunity cost of holding gold given where stocks are isn’t great, but the long-term reasons to own gold are just as real as they were months ago, as a store of value with low correlation to stocks,” said Adam Strauss, CFA, with Appleseed Capital.