The Ownership Dividend
The Coming Paradigm Shift in the U.S. Stock Market
Seiten
2024
Routledge (Verlag)
978-1-032-27319-8 (ISBN)
Routledge (Verlag)
978-1-032-27319-8 (ISBN)
We are on the verge of a paradigm shift for investors in the U.S. stock market. Dividend-focused stock investing has been receding in popularity for more than three decades, but that is about to change. This book explains how and why the U.S. market is poised for a return to more typical cash-based investment relationships.
We are on the verge of a major paradigm shift for investors in the U.S. stock market. Dividend-focused stock investing has been receding in popularity for more than three decades in the U.S.; once the dominant investment style, it is now a boutique approach. That is about to change.
The Ownership Dividend explains how and why the stock market drifted away from a mostly cash-based returns system to one almost completely driven by near-term share price movements. It details why the exceptional forces behind that shift—notably the 40-year drop in interest rates and the rise of buybacks—are now substantially exhausted. As a result, the U.S. market is poised for a return to the more typical business-like relationships observed in the private sector and in other mature markets around the world. While many market participants have profited from and become used to the way things have been in recent decades, savvy individual investors, financial advisors, and even institutional portfolio managers will want to position themselves to benefit from the reversion to cash-based investment relationships in the years ahead.
This is a must-read book for financial advisors, institutional consultants, as well as engaged individual investors.
We are on the verge of a major paradigm shift for investors in the U.S. stock market. Dividend-focused stock investing has been receding in popularity for more than three decades in the U.S.; once the dominant investment style, it is now a boutique approach. That is about to change.
The Ownership Dividend explains how and why the stock market drifted away from a mostly cash-based returns system to one almost completely driven by near-term share price movements. It details why the exceptional forces behind that shift—notably the 40-year drop in interest rates and the rise of buybacks—are now substantially exhausted. As a result, the U.S. market is poised for a return to the more typical business-like relationships observed in the private sector and in other mature markets around the world. While many market participants have profited from and become used to the way things have been in recent decades, savvy individual investors, financial advisors, and even institutional portfolio managers will want to position themselves to benefit from the reversion to cash-based investment relationships in the years ahead.
This is a must-read book for financial advisors, institutional consultants, as well as engaged individual investors.
Daniel Peris oversees dividend-focused portfolios for Federated Hermes in Pittsburgh. Initially trained as a historian, he is the author of three books on investing as well as a study of the former Soviet Union.
1. Raising Capital, Earning Profits, Paying Dividends 2. Fallacy or Philosophy: Academic Finance’s Big, 60-year War on Dividends 3. The Changing Environment for Business Ownership in the U.S. Stock Market 4. Being a Dividend Investor in a Stock Market: The Current Investment Framework 5. The Investment Industry’s “Truth” Versus Your Very Personal “Clarity” 6. An Academic Rebuttal 7. A New Investing Reality 8. A New Counting Reality 9. The Political Economy of Sustainability 10. What to Look for in the Next Decade
Erscheinungsdatum | 02.02.2024 |
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Zusatzinfo | 2 Tables, black and white; 12 Line drawings, black and white; 12 Illustrations, black and white |
Verlagsort | London |
Sprache | englisch |
Maße | 129 x 198 mm |
Gewicht | 340 g |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
Wirtschaft ► Volkswirtschaftslehre | |
ISBN-10 | 1-032-27319-4 / 1032273194 |
ISBN-13 | 978-1-032-27319-8 / 9781032273198 |
Zustand | Neuware |
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