We begin this episode with our monthly rant -- this time about crystal balls and the CAPE ratio and the move on to the first half of an analysis of the ETF IVOL, the Quadratic Interest Rate Volatility and Inflation Hedge ETF, as suggested by listener Boone B. For the analysis, we use David Stein's Ten Questions to Master Investing:

1. What is it?
2. Is it an investment, a speculation, or a gamble?
3. What is the upside?
4. What is the downside?
5. Who is on the other side of the trade?
6. What is the investment vehicle?
7. What does it take to be successful?
8. Who is getting a cut?
9. How does it impact your portfolio?
10. Should you invest?

Links:

Article: Why You Shouldn't Rely Only On The Shiller CAPE Ratio To Predict Market Valuation – Wes Moss

Article: Crystal Balls and CAPE - Financial Symmetry, Inc.

Article: Does Your Wealth Manager Need a Crystal Ball... or Just Balls of Steel? (linkedin.com)

Article: Is the Market Overvalued or are the Measuring Gauges Broken? - Articles - Advisor Perspectives

IVOL Summary Prospectus: Quadratic Interest Rate Volatility and Inflation Hedge ETF

IVOL Information Page: IVOL | IVOL (ivoletf.com)

Episode 70: Monthly Rant on Financial Mis-Wisdom (CAPEd Crystal Balls) And An Analysis of IVOL (Part One)