A “Crazy Like a Fox” Idea for Managing Market Uncertainty

What are you doing in this market environment? I’ve been asked this question thousands of times, in all market environments. It’s a difficult question because it’s natural to want to do something useful today in preparation for what is to come tomorrow. But today’s market environment may not be tomorrow’s, and if we don’t know [...]

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Messy Fund Managers Create an Illusion of Skill

Mutual fund rating services divide mutual funds into categories based on their investment style. This helps investors compare the performance of one style to another and helps them compare the performance of individual funds in a particular style. While useful in many ways, this methodology can also create the illusion of superior performance when none [...]

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Should You Own Foreign Stocks?

For as long as I have followed Vanguard Group founder and former CEO John Bogle, he has never embraced investing in foreign stocks. “I wouldn’t invest outside the U.S.” he said during an interview with Carla Fried for Bloomberg Business. “If someone wants to invest 20 percent or less of their portfolio outside the U.S., [...]

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The Big AAPL and the S&P 500

The Big Apple is the famous nickname for New York City. It was made popular in the 1920s by John J. Fitz Gerald, a writer for the Morning Telegraph. The name was also popular with jazz musicians in the 1930s and ‘40s who coveted gigs in posh Manhattan nightclubs. Most people still associate The Big [...]

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3 Reasons to Rejoice Higher Interest Rates

Interest rates are going up. The Federal Reserve has essentially said so. They just haven’t said exactly when or by how much. Are you afraid of higher interest rates? If so, what you fear is probably the potential bad side. While they may have a dampening effect, there also are some silver linings to be [...]

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