Video: North Korea, Indexing, And ETFs

Brian M. Nelson, CFA profile picture
Brian M. Nelson, CFA


  • President of Investment Research at Valuentum Brian Nelson discusses lofty equity market valuations and the impact of ultra-low interest rates.
  • A discussion of the Bitcoin phenomenon, the importance of paying attention to financial adviser fees, and the pitfalls when it comes to assigning styles to ETFs is included.
  • He also talks about the non-zero probability of nuclear war.

By Brian M. Nelson, CFA

Hi folks,

This is the first episode of a series that I have started called "Off the Cuff," where I get in front of the camera and talk for about 10 minutes each episode. It's low-tech. I know -- but it's "authen-tech." I like that. I'll do my best to incorporate feedback and questions going forward, so stay tuned! We have a number of the videos already filmed (the first seven), just so you know. We're revving the engines first, and I hope to get into the questions by episode 6.

In this episode (episode 1), I talk about the hazards of ultra-low interest rates, and how it may be inflating equity prices, why I think indexed products should be considered on an all-in cost basis, including financial adviser fees, and one of my pet peeves with respect to style-based ETFs: There aren't really value and growth stocks, folks! I also set the stage with a discussion of the non-zero probability of a nuclear war, but don't jump to conclusions. I only do so because I think it is one of the market's most overlooked risks. Somebody should be talking about it, right?

Give these videos and the discussions time to get warmed up. They're not made to be fancy. I don't like bells and whistles. They're made to be conversational. I hope you enjoy the first episode! Let me know what you think. Don't forget to comment. Thanks!


This video and any content within are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum and Brian Nelson are not responsible for any errors or omissions or for results obtained from the use of this video or any content and accepts no liability for how readers may choose to utilize the content. Assumptions, opinions, and estimates are based on our judgment as of the date of the article and are subject to change without notice. There is substantial risk of loss associated with investing in any financial instrument. Valuentum Securities is a financial publisher.

This article was written by

Brian M. Nelson, CFA profile picture
Brian Nelson is the president of equity research and ETF analysis at Valuentum Securities. He is the architect behind the company’s research methodology and processes, developing the Valuentum Buying Index rating system, the Economic Castle rating, and the Dividend Cushion ratio. Mr. Nelson has acted as editor-in-chief of the firm’s Best Ideas Newsletter and Dividend Growth Newsletter since their inception. Before founding Valuentum in early 2011, Brian worked as a director at Morningstar, where he was responsible for training and methodology development within the firm's equity and credit research department. Prior to that position, he served as a senior industrials securities analyst covering aerospace, airlines, construction, and environmental services companies. Before joining Morningstar in February 2006, Mr. Nelson worked for a small capitalization fund covering a variety of sectors for an aggressive growth investment management firm in Chicago. He holds a Bachelor's degree in finance and a minor in mathematics, magna cum laude, from Benedictine University. Mr. Nelson has an MBA from the University of Chicago Booth School of Business and also holds the Chartered Financial Analyst (CFA) designation. Highlights: Brian is frequently quoted in the media and has been a frequent guest on Nightly Business Report, Bloomberg TV, CNBC, and the MoneyShow. Mr. Nelson is very experienced valuing equities, developing discounted cash-flow models used to derive the fair value estimates for companies in the equity coverage universes of two of the largest independent investment research firms. Brian worked on a small cap fund and a micro cap fund that were ranked within the top 10th percentile and top 1st percentile within the Small Cap Lipper Growth Universe, respectively, in 2005. Brian led the charge in developing Morningstar's issuer credit ratings, creating and rolling-out one of the firm's proprietary credit metrics, the Cash Flow Cushion.----------Please read our Disclaimer that applies to all articles published on Seeking Alpha: Follow us on Twitter: @Valuentum

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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