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Charlie Morris

Charlie Morris

The Corporate Debt Dynamic

The Corporate Debt Dynamic

If a company is debt-free and can produce a profit, it’s unusual to go bust, but it is still possible. I have never been a fan of highly indebted companies and have generally steered clear of them for the simple reason they can go bust without notice. Yet the

ByteTree BOLD Index

ByteTree BOLD Index

Monthly Rebalancing Report; Following rebalancing on 31st August 2023, the new weights for the BOLD Index are 24.9% Bitcoin and 75.1% Gold. The Vinter ByteTree BOLD1 Index (BOLD) invests in Bitcoin and Gold. BOLD combines the world’s two most liquid alternative assets on a risk-adjusted basis. Due

Trust Crypto or TradFi?

Trust Crypto or TradFi?

💡This issue covers Bitcoin (BTC), MakerDAO (MKR), Grayscale (GBTC), and Binance (BUSD). It is a simple idea, but Bitcoin and the stockmarket have always been correlated, albeit with radically different performance scales. To make the chart work, we need to put Bitcoin onto a log scale. I highlight four occasions

Silver Takes the Lead

Silver Takes the Lead

Atlas Pulse Gold Report, Issue 85; Most precious metals analysts would broadly expect gold and silver to end up in roughly the same place over the long term, but silver would get there with more sleepless nights. So why bother? The answer is that when silver is undervalued, as it

Going for a Song

Going for a Song

There are a growing number of investment trusts trading on unusually wide discounts, and some of these will be great opportunities. Yet that probably won’t always be the case as some are inevitably troubled. The sector is going through a period of disruption, and it will be the survival

The Benefits of 30-Year Mortgages

The Benefits of 30-Year Mortgages

UK House prices are back in the news because they have been coming under pressure. Unsurprisingly, that has sent the housebuilding stocks downwards, some more than 50%. That appears to be a painful correction, given how shallow this fall in house prices has been thus far. Are the Housebuilders Forecasting

China and The Money Map

China and The Money Map

Trade in Whisky; The Money Map helps us understand what types of asset work best in different environments. If you can predict where inflation and bond yields are headed, which isn’t always easy, then the Money Map tells you where to invest. And more importantly, where not to invest.