Resources

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 provided by the market—with the vast majority earning a big, fat zero in aggregate cumulative returns, even before considering the impact of inflation or taxes.

InFocus Planning Your Best Retirement

A successful retirement involves having a plan to save: starting early and using the best investment vehicles available to you. It also involves having a plan to spend: adjusting your budget, designing a spend-down strategy and deciding how to spend your time during this new phase of life. A lot goes into a retirement plan, and the following resources offer topics to consider and questions to ask as you’re designing and refining yours.

Gurus Mostly Strike Out – Again

Larry Swedroe tallies mid-year hits and misses for 2017’s “sure thing” predictions. Larry Swedroe, Director of Research, The BAM Alliance At the start of each year, I compile a list of predictions that gurus have made for the upcoming year, along with some items I frequently hear from investors—sort of a consensus of “sure things.”…

Hedge Funds Again Miss the Mark

Larry Swedroe unpacks the data in his latest review of hedge funds’ lagging performance. Larry Swedroe, Director of Research, The BAM Alliance Hedge funds entered 2017 coming off their eighth-straight year of trailing U.S. stocks (as measured by the S&P 500 Index) by significant margins. And for the 10-year period ending 2016, one that included…

REITs: Are They a Distinct Asset Class?

Are REITs a distinct asset class? Larry Swedroe, Director of Research, The BAM Alliance Many investors think of real estate investment trusts (REITs) as a distinct asset class, because in aggregate they have historically had relatively low correlation with stocks and bonds, and their returns were not well-explained by the single-factor CAPM model. For example,…

Killing an Emerging Market Canard

Larry Swedroe on data that shows active management is a loser’s game in emerging markets too. Larry Swedroe, Director of Research, The BAM Alliance “To win in emerging markets, avoid the passive investing rush,” proclaimed the headline of a July 2017 Bloomberg article. That sentiment happens to be one of the greatest, and hardest to kill,…

Financial Literacy and How it Affects Us All: A MoneyZen Conversation With Annamaria Lusardi

The importance of financial literacy with Manisha Thakor and Annamaria Lusardi of the Global Financial Literacy Excellence Center. Manisha Thakor, Director of Wealth Strategies for Women, The BAM Alliance Manisha Thakor talks with Annamaria Lusardi of The Global Financial Literacy Excellence Center about financially fragile groups and how low financial literacy affects the economy as a…

The Antidote To Stock Market Hysteria

Market forecasters capitalize on our desire to know the unknowable. Tim Maurer, Director of Personal Finance, The BAM Alliance Just for fun, Google the words “market pullback.” There are over 2.2 million results–most of them market predictions–and the first page of results is dominated by calls for an imminent market reversal that the simple desk…

Portfolio Pumping Continues

New research shows that “portfolio pumping” still occurs at mutual fund families. Larry Swedroe, Director of Research, The BAM Alliance Portfolio pumping—also known as “painting the tape” or “leaning for the tape”—is a market-manipulative strategy that mutual fund and hedge fund managers use to mark up their holdings at the end of the quarter by…

Viewing Risk From Varying Angles

July 2017 Risk is omnipresent in our lives.  There are different types of risk in investing, and it exists to varying degrees when making significant financial decisions.  Risk is there when we pick up an adventurous hobby,  participate in a thrill-seeking activity or push our bodies.  It’s even there when we decide whether to play…

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