Any Monkey Can Beat the Market

Give a monkey enough darts and they’ll beat the market. So says a draft article by Research Affiliates highlighting the simulated results of 100 monkeys throwing darts at the stock pages in a newspaper. The average monkey outperformed the index by an average of 1.7 percent per year since 1964. That’s a lot of bananas! [...]

The Fed’s New Tax on Retirees

Last week, the Federal Reserve rolled out their inflation forecast and interest rate intentions through 2014, and it’s not good news for retirees or anyone else who relies on interest income.  The yield on money market funds, CDs, and other fixed income investments will likely remain well below the inflation rate for the foreseeable future. [...]