We all view the world and our money from a unique and personal vantage point. I’ve had several calls over the past few weeks with an understandable wide range of emotions over the state of the economy and the direction of markets. The economy and the market are...
Bear Markets When you compare your 401k balance to three weeks ago it hurts. I know. The record long bull market ended on March 11, and we officially entered bear market territory. A bear market is defined as a 20% decline from peak stock prices. After 11 years of...
I began my investment career as a stock analyst thinking that the index fund approach was lazy, willing to accept mediocre results. For the first 10 years of my career, I was a diligent and serious student of beating the market: Immersed in financial statements,...
What We Know Bitcoin – Selling off 20% today after a meteoric rise. But what is it? Some new store of value? New mode of transacting? How is it priced? I don’t know it well enough to explain it. And I don’t care. It hasn’t been around long enough to tell if it’s a...
Active vs. Passive (Index): Separating Fact from Fiction The odds of trying to beat the market with actively managed mutual funds is a losing game that will cost you money. Academics, practitioners, and the mutual fund rating services have long studied how active...
You likely haven’t paid much attention to the new fiduciary rule being put forth by the Department of Labor. It’s been four years in the making during which time it has been put forth for rigorous review and comment. And quite a political football. The rule basically...
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