Finding Your Way through the ETP Maze
CFA Institute Conference Proceedings Quarterly
The exchange-traded product (ETP) market has grown dramatically over the past 15 years. Exchange-traded funds (ETFs) are the largest component of the ETP market. ETFs trade like individual stocks but have unique regulatory, tax, and operating features. ETPs have evolved from purely passive beta strategies with complete index replication to fully active alpha-seeking strategies. The number of advisers who use ETPs is growing, which signals a return to investors investing passively and advisers, not funds, making alpha-seeking decisions. Read the complete story here.
Your Money, Your Wealth Podcast
Your Money, Your Wealth Radio Show
Rick shares his views on The Power of Passive Investing and the 20th anniversary of ETFs during the second hour of the Feb 9, 2013 radio show. Listen to the Podcast here.
What to do in a market where anything can happen
Money Magazine Investors Guide 2013
Four-plus years after the financial crisis, and you can't tell whether or when the economy and the markets will return to normal, whatever that is. Instead, we seem suspended between debt crises and central bank interventions at one pole and signs, however uneven, of a real U.S. rebound on the other. Here's the rub with uncertainty, though: It's always with us. A moderate-risk investor might hold a 50% stock/50% bond portfolio well into retirement, says Portfolio Solutions adviser Rick Ferri. Read the complete story here.
Finding the Right ETFs for Your Portfolio
Rick Ferri, Portfolio Solutions founder, talks to Fox Business about why he compares ETFs to "throwing Jell-O at a wall," and how he chooses which ETFs to invest in.
Watch the video here.
Rick Ferri: US To Lead World Out Of Slump
Rick Ferri, the founder of the investment firm Portfolio Solutions, is about as ardent an advocate of passive investing as you’ll ever find, right up there with Burton Malkiel, John Bogle, Bill Bernstein and Larry Swedroe. When IndexUniverse Managing Editor Olly Ludwig caught up with Ferri in a recent visit on the telephone, Ferri shared his optimism about the U.S. economy, reminded investors why “buy-and-hold” investing doesn’t make sense without rebalancing and explained why he says “no thank you” to corporate bond ETFs. Click here to read the whole story.
The Yale Endowment Model's Unmatched Success
Portfolio Solutions founder Rick Ferri discusses the Yale Model and the institutions that have tried to mimic the school's returns on Closing Bell with Liz Claman.
Click here to watch the video.
Wall Street Journal
Despite years of warnings about the dangers of "leveraged" exchange-traded mutual funds, many small investors—and, apparently, some investment professionals—may still not be getting the message. "The long-term investor has no need to be in these products at all," says Rick Ferri, founder of Portfolio Solutions, an investment adviser in Troy, Mich. Click here to read the full story.
Best Investments at ages 45 to 54
With 20-plus working years under your belt, you're beginning to close in on retirement. You still need growth to get you where you need to go. Yet your savings have reached a level where long-term returns -- both good and bad -- have a big impact, says Rick Ferri, founder of Portfolio Solutions. Click here to read the full story.
Going Passive, Aggressively
Wall Street Journal
Who needs mutual funds, anyway? Taking a page from individual investors, many financial advisers are giving up on actively managed funds in their quest to beat the market. Click here to read the full story.
With the zeal of a convert, an advisor embrases low-cost investing
After a decade working for large Wall Street firms, Rick Ferri had a nagging feeling he wasn't serving his clients in the best way possible. So in 1999, he started his own firm, Portfolio Solutions, dedicated to the principles of low-cost, diversified, and index-based investing. He's since written six books on investing and coauthored The Bogleheads' Guide to Retirement Planning. Recently, we spoke with Mr. Ferri about his career and investment philosophy.Click here to read the full story.