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Blog

More Money Is Lost Waiting for Corrections Than in Them

We have data for 91 calendar years (or 1,092 months) of U.S. investment returns over the period 1927 through 2016. The average monthly return to the S&P 500 has been...

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Testing the Fama-French Five-Factor Model

The history of asset pricing models is one of evolution. As anomalies are discovered, our knowledge advances and new models are developed. Building on the work of Harry Markowitz, the...

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Vanguard Debunks Dividend Myth

Dividend strategies have drawn increasing interest from investors around the world as central banks have pursued both quantitative and qualitative easy monetary policies, keeping interest rates at what have been...

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A Little Known Investment That Pays Big Dividends

Dan Solin on the power of giving. Read the Article By clicking on any of the links, you acknowledge that they are solely for your convenience, and do not necessarily...

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Equifax Data Breach: What You Need to Know

The Equifax data breach is an unfortunate reminder of how valuable your data and personal information are, and an opportunity to revisit what you can do to protect yourself.

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Protecting Your Finances Following the Equifax Data Breach

Equifax, one of the major credit reporting bureaus, has announced that on July 29 it discovered a data breach affecting as many as 143 million U.S. consumers. Tim Maurer goes on...

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Understanding Different Types of Risks

Harry Markowitz received the Nobel Prize in Economic Sciences in 1990 for his contributions to the body of work known as “modern portfolio theory.” Probably his greatest contribution was to...

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More Hazards of Individual Stocks

In a recent article that highlighted the perils of owning individual stocks, I offered the historical evidence demonstrating how only a small percentage of stocks have accounted for all the gains...

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Active Management Falls Short With Bonds, Too

In a July 2017 Q&A with WealthManagement.com, Western Asset Management CIO Ken Leech asserts that passive investing is unlikely to play as large a role in fixed income as it does...

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The Momentum Factor: Fundamental or Price?

Momentum is the tendency for assets that have performed well (poorly) in the recent past to continue to perform well (poorly) in the future, at least for a short period...

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The Rules of Prudent Investing

The following rules can help investors build and adhere to a well-designed investment plan. These guidelines may be instrumental in giving investors the best chance of achieving their financial goals.

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Yield vs Total Return

Many investors, including retirees, rely on their investment portfolio to fund their cash needs. This need can be approached in one of two ways.

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Indexing vs Evidence-Based Investing

Evidence-based investing involves buying and holding market components, whereas an active investor or fund manager tries to pick the next winning stock or time where the market is headed next.

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A Vote for Small Cap Stocks?

Average returns for US small company stocks historically have been higher than the average returns for US large company stocks. But those returns include long periods of both strong and weak relative performance.

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Advisor Byline: 2016 Market Review

In 2016, the US market reached new highs and stocks in a majority of developed and emerging market countries delivered positive returns. Many investors may not have expected global stocks and bonds to deliver positive returns in such a tumultuous year. 

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Prediction Season

Predictions about future price movements come in all shapes and sizes, but most of them tempt the investor into playing a game of outguessing the market.

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New Market Highs and Positive Expected Returns

There has been much discussion in the news recently about new nominal highs in stock indices like the Dow Jones Industrial Average and the Standard and Poor's 500. When markets hit new highs, is that an indication that it’s time for investors to cash out?

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A Look Back at 2016

Every year brings its share of surprises. But how many of us could have imagined that 2016 would see the Chicago Cubs win the World Series, Bob Dylan receive the Nobel Prize in Literature, Donald Trump elected president, and the Dow Jones Industrial Average close out the year a whisker away from 20,000?

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The Active-Passive Powerhouse

The fastest growing major mutual-fund company in the U.S. isn't strictly an active or passive investor. It is both.

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Presidential Elections and the Stock Market

Next month, Americans will head to the polls to elect the next president of the United States. While the outcome is unknown, one thing is for certain: There will be a steady stream of opinions from pundits and prognosticators about how the election will impact the stock market.

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Brexit — Our Perspective

Britain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event.

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Quick Take on Fixed Income

Can it be appropriate to buy out-of-state bonds?

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Recent Market Volatility

Recent Market Volatility

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Crude Oil and Financial Markets

Crude Oil and Financial Markets

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2016: 10 Predictions to Count On

The New Year is a customary time to speculate. In a digital age, when past forecasts areavailable online, market and media professionals find it harder to hide their blushes when their financial predictions go awry.

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Weather vs. Climate

Investors can feel that they are not properly informed about the financial world unless they have checked daily, or even hourly, on how the Dow, FTSE, or Nikkei have moved in the intervening period.

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The Seven Roles of an Advisor

Advisors have unique insights into market direction that give their clients an advantage.

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MasterChef of Investing

From low quality ingredients to inadequate preparation and poor implementation, so many things can, and do, go wrong.

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Living with Volatility, Again

Just as many people were starting to think markets only ever move in one direction, the pendulum has swung the other way.