home Latest News WSJ Wealth Adviser Briefing: Global Currencies, Cheap Stocks, Married Money – Wall Street Journal

WSJ Wealth Adviser Briefing: Global Currencies, Cheap Stocks, Married Money – Wall Street Journal

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Currencies around the world are tumbling to multiyear lows, bruising investors’ portfolios and fanning the flames of a global trade war.

Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.


Hunting for Cheap Stocks Is Back in Favor: Over the past decade, value stocks—traditionally those with a low price-to-book ratio—have underperformed their growth counterparts in all but one year. But for the past two days, there has been a shift.

From Dow Jones Newswires

Investors have been slashing their exposure to UK assets in increased numbers since Boris Johnson became the country’s Prime Minister and threatened to leave the EU without a deal, a financial adviser says. DeVere Group says its consultants have registered a 35% rise in UK and international investors seeking to reduce their exposure to UK pensions, bonds and sizeable holdings of sterling since Johnson succeeded Theresa May in July. “Investor returns are affected by serious geo-political upheaval, especially when in a major economy such as the UK’s, and as such a growing number of those who are serious about building and safeguarding their wealth are exploring legitimate overseas options,” says DeVere Chief Executive Nigel Green. (philip.waller@wsj.com)

Spending on convertible computers, detachable tablets and ultrathin notebooks is expected to grow over the next four years, though overall demand for personal computing devices is poised to decline at a compound annual rate of 2.4% during that period, according to IDC. Shipments will drop below 400M in 2020 for the first time since 2010, the year the original iPad launched, the research firm says. It attributes the decline in part to the approaching end of support for Windows 7. IDC says the introduction of 5G will help lift demand down the road, but it expects the ramp to follow smartphones. IDC forecasts that 10% of detachable tablets will have built in 5G by 2023. (sarah.needleman@wsj.com; @saraheneedleman)


JPMorgan CEO Dimon Raises Specter of Zero Rates: James Dimon, chief executive of JPMorgan Chase, said at an industry conference  the bank has begun discussing what fees and charges it could introduce if interest rates go to zero or lower. While Mr. Dimon stressed he wasn’t expecting zero rates at this point, the fact that he would entertain such a conversation is a sign of how sharply the environment has changed.


What Generation Is Leading the Way in ESG Investing? You’ll Be Surprised: Millennials get most of the attention in the world of values-based investing. But growing interest from an older slice of the population—Generation X—and their deeper pockets is helping propel sustainable investing into the mainstream.


Appraising Inherited or Donated Artwork: People who inherit artwork, or donate a piece to a museum or other nonprofit face a common goal: Don’t run afoul of the Internal Revenue Service. Easier said than done, unfortunately. Because without a purchase price to guide them, tax filers can find themselves embroiled in a debate with the IRS about the value of inherited or donated work.


When My Money and Your Money Becomes Our Money: For married couples who seek to combine finances after years of keeping their own accounts, the process is rarely as simple as saying, “I do.” Whatever the reason and however long the union, combining finances raises a host of complex psychological issues that can be difficult to navigate.


The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron’s, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery.

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