Resources

Building a Better Bond Portfolio

If fixed income is the bedrock of a client’s portfolio, then it better be solid. Investment Strategy Advisor Brian Haywood gives CNBC a look at how credit quality, duration and laddering fit into our evidence-based approach for building bond portfolios. “We think of fixed income as the bedrock of a client’s portfolio. It is there…

Financial Illiteracy’s High Cost 

A recent study explores how a lack of financial literacy can cost investors returns. It’s a great tragedy that despite its obvious importance to everyone, our educational system almost totally ignores the field of finance and investments. This is true unless you go to an undergraduate business school or pursue an MBA in finance. Eighteenth-century…

The Risk and Return Implications of ESG

ESG investors may be sacrificing some of their returns to express their social preferences, but is there an offsetting benefit in terms of lower portfolio risk? Larry Swedroe unpacks a new study that explores both sides of the strategy. Environmental, social and governance (ESG) investment strategies—along with the narrower category of socially responsible investing (SRI)—have…

Lottery Stocks Remain a Losing Game

Given the evidence on the poor performance of lottery-like stocks, why would mutual funds choose to invest in them? Larry Swedroe unpacks research that shows it may have something to do with investors’ economically irrational “taste” for such equities. Among the assumptions in the first formal asset pricing model, the CAPM, are that investors are…

Building a Better Bond Portfolio

If fixed income is the bedrock of a client’s portfolio, then it better be solid. Investment Strategy Advisor Brian Haywood gives CNBC a look at how credit quality, duration and laddering fit into our evidence-based approach for building bond portfolios. “We think of fixed income as the bedrock of a client’s portfolio. It is there…

Reexamining the Need for Corporate Bonds

Larry Swedroe unpacks some recent research from our own Jared Kizer that shows the risk already found in a portfolio of stocks and government bonds can make owning corporate bonds redundant for many investors. A number of articles were written at the end of 2008 noting that, for the prior 40-year period, stocks had barely…

Investing Lessons from a Poker Player

When it comes to markets, there are no clear crystal balls. Like in poker, the best you can do is put the odds in your favor and then invest (or bet) accordingly. Larry Swedroe on what poker players can teach investors about evaluating decisions. As expert poker player Annie Duke explains in her book, “Thinking…

Choosing the Right College Savings Plan 

When it comes to saving for your children’s college education, there’s a wide variety of investment vehicles, each with pros and cons, to select from. Wealth Advisor Sue Stevens looks at what some of the popular options have to offer. The advantages of a college education are numerous: potentially higher income levels over a lifetime,…

InFocus Getting Time On Your Side

We spend a lot of time and focus on money. We work with you to manage your finances, to make smart money decisions, to use it to help you live the life you imagine. Time is also worthy of much attention. It is finite, so how we spend it is critical. Saving it is fulfilling;…

Different Types of Skill

The prevalence of security analyst skill stands in stark contrast to studies that show only a fraction of actively managed mutual funds outperform on a risk-adjusted basis. Larry Swedroe tackles new research into this apparent contradiction. I recently came across an interesting paper, published in March 2018 on SSRN, titled “How Skilled Are Security Analysts?”,…

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