Let’s Celebrate the Independent Adviser

With the Fourth of July fast approaching, I am reminded of the many benefits of independence, especially independent investment advice. You would think that independent advice would be any adviser’s highest calling. Surely our mission should be to aggressively avoid direct or indirect conflicts of interest, so we can freely employ any funds or investments [...]

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Set It and Forget It Works

New Year’s Day exists for an important reason. It’s the day many investors make a resolution to save more and invest better. But then June rolls around and we find that it hasn’t happened. By summer, there’s less money for savings and investment skills have not improved. That’s why a year-round, “Set It and Forget [...]

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What’s Happening To The Investment Industry

What’s Happening To The Investment Industry

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Our Mistakes Benefit Future Generations

I’d have a lot more money today if all I had ever done was buy index funds and hold onto them. Instead, early in my investing years, I bought “gems” like penny stocks before they went bankrupt, options on banks falsely rumored to be ripe for buy-outs, a vacation timeshare because I thought it had [...]

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Should You Time the Markets When Experts Can’t?

I’m always interested in reading academic studies that measure how well professional mutual fund managers can time financial markets. Many fund companies routinely claim their experienced management and propriety research give them a leg up on knowing where the markets are headed next. But is it true? Have mutual fund managers made profitable timing decisions [...]

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