Here's a graph covering few months of the relative value of bitcoins against US dollars; as you can see, there have been wild
fluctuations in the value over the past two months.
For the chance to get higher returns over the long term, investors have historically had to put up with bigger
fluctuations in value over the short term.
Not exact matches
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition
in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result
in increased inventory and reduced orders as we experience wide
fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result
in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance
fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs
in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those
in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting
in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting
in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty
in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products
over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair
value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed
in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
For him, excitement
over value fluctuations in the bitcoin currency is missing the point: «It's not a threat as people sit there and ponder whether bitcoin is a bubble or not.
Fiat currency loses
value over time due to inflation, whereas Bitcoin so far has been a deflationary currency, meaning that it gains
in value over time despite
fluctuations in its exchange rate.
As usual, the performance of our stocks relative to the major indices tends to drive day - to - day
fluctuations in Fund
value when we are hedged, but that differential has also been our primary source of return
over time.
Professor Aneta Stefanovska from Lancaster University, who has been studying the physics of biological oscillations for
over 20 years, said: «Combining the technique to noninvasively record the
fluctuation corresponding to cerebrospinal fluid and our sophisticated methods to analyse oscillations which are not clock - like but rather vary
in time around their natural
values, we have come to an interesting and non-invasive method that can be used to study aging and changes due to various neurodegenerative brain aging may begin earlier than expected.»
The portfolio managers seek to purchase stocks that are reasonably priced
in relation to their fundamental
value and that the portfolio managers believe will grow
in value over time regardless of short - term market
fluctuations.
Strategic Dividend
Value is hedged at about half the value of its stock holdings, and Strategic Total Return continues to hold a duration of just over 3.5 years (meaning that a 100 basis point move in interest rates would be expected to impact Fund value by about 3.5 % on the basis of bond price fluctuations), with less than 10 % of assets in precious metals shares, and about 5 % of assets in utility sh
Value is hedged at about half the
value of its stock holdings, and Strategic Total Return continues to hold a duration of just over 3.5 years (meaning that a 100 basis point move in interest rates would be expected to impact Fund value by about 3.5 % on the basis of bond price fluctuations), with less than 10 % of assets in precious metals shares, and about 5 % of assets in utility sh
value of its stock holdings, and Strategic Total Return continues to hold a duration of just
over 3.5 years (meaning that a 100 basis point move
in interest rates would be expected to impact Fund
value by about 3.5 % on the basis of bond price fluctuations), with less than 10 % of assets in precious metals shares, and about 5 % of assets in utility sh
value by about 3.5 % on the basis of bond price
fluctuations), with less than 10 % of assets
in precious metals shares, and about 5 % of assets
in utility shares.
Funds
in this risk category may be appropriate for those seeking growth and can tolerate wide
fluctuations in market
values, especially
over the short term.
For investors seeking long - term investment returns
in value - focused stocks
over the complete investment cycle (bull and bear markets combined), with added emphasis on reducing exposure to general market
fluctuations in conditions viewed by the Advisor as unfavorable to stocks.
Strategic Total Return has a duration of about 3 years
in Treasury securities (meaning that a 100 basis point move
in interest rates would be expected to affect Fund
value by about 3 % on the basis of bond price
fluctuations), just
over 10 % of assets
in precious metals shares, and about 5 % of assets
in utility shares.
Generally, investors should be comfortable with
fluctuation in the
value of their investments, especially
over the short term.