…the coming decade is more than the current interest rates. After receiving a lot of inquiries about bond alternatives like REITs, utilities, and the like, I wrote an article shooting…
…that your Social Security check would go a lot further in Prague than in Philadelphia. The magazine (and now website www.internationalliving.com) always featured beautiful photographs of unspoiled beaches in Costa…
…stock names are a combination of value and quality – a whole different approach. It may sound funny, but I’m not in the least bit concerned about the under-performance of…
…my fingernails dirty figuring it out, but what I came to realize is that it relies on our estimates of future returns, volatility and correlation. Who says that our estimates,…
…so volatile, but they’re also pretty big bets. The same is true with utilities, consumer staples, and real estate stocks, which are massively overweight compared to the market. Utilities are…
…return data, Morningstar also creates and publishes what they call ‘investor returns’ that are designed to estimate how the average investor fares in a particular fund. For example, let’s say…
…underlying complexity of trading options and other derivatives inside the fund, but the number of issues that you have to consider as an investor. For example, the cap and the…
…say you’re the manager of a private real estate, credit, or equity fund, and you’re paid a percentage of the assets under management. Naturally, you want the prices held high…
…new shares as new investors come into the fund and shares are created or redeemed after business hours at the net asset value (NAV) directly with the fund company. In…
…a list of the largest 500 companies, but a curated list of stocks chosen by the index committee at Standards & Poor’s. Most of the differences between the index and…
