25 Jan 2017

2017 Forecasts: Part III

The Barron’s predictions continue on today – previous questions and ‘answers’ for 2017 can be seen here and here. Question 5: Which FANG stock will fare best in 2017? Facebook (FB) Amazon (AMZN) Netflix (NFLX) Alphabet/Google (GOOGL) I think that the FANG stock story is a little played out – these were the four hottest stocks of 2015 and none did anything particularly interesting in 2016. Last year, I noted… Read More

24 Jan 2017

2017 Forecasts: Part II

This week, I’m making my predictions for 2017 based on the 16th annual Barron’s forecasting challenge.  I answered the first two questions yesterday, which you can find here. Today, I’m tackling two questions, starting with naming the top performing sector within the S&P 500.  There are 11 sectors and Barron’s is offering five choices, so technically, it’s not the best sector, but the best sector of the choices that Barron’s provides… Read More

23 Jan 2017

2017 Forecast: Part 1

Last year, Barron’s offered their readers a chance to test their forecasting skills by asking a number of multiple choices questions about what might happen in 2017.  I answered some of the questions in Daily Insights last year here and here. I revealed how my answers fared at our First Annual Investor’s Social last week, which I thought was a great success.  I want to thank everyone for coming and said… Read More

16 Jun 2016

Financial Times Recognizes Acropolis

I am pleased to announce that for the second time, Acropolis has been named a top Registered Investment Advisor (RIA) by the Financial Times (FT). The FT starts by looking at firms with more than $300 million in assets under management, which is about 1,500 RIAs.  They invite firms to fill out a questionnaire and then evaluate the companies based on six key attributes: assets under management (AUM), asset growth,… Read More

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9 Mar 2016

Naming Names on Broker Misconduct

When we started this business more than 13 years ago, I maintained a scrapbook of article clippings that I called “The Big Book of Broker Misdeeds.” At the time, we were coming out of the tech wreck and there were tons of articles about how brokers steered widows and orphans into unsuitable hot technology funds during the bubble years that blew apart when they fell back to earth. I know a… Read More

2 Mar 2016

Performance Transparency

We have another special posting from Michael Lissner today, who will be writing Daily Insights more regularly.  Also, there was a large typo yesterday, which said that we had traded $223.2 billion worth of stocks and ETFs.  Far from it: we traded $223.2 million in stocks and ETFs, which is still a lot, but less than what I wrote, which makes more sense given our $1.2 billion in assets under management…. Read More

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1 Mar 2016

The Inside Story on Trading Costs

Some things are easy to measure, like the internal costs of a mutual fund or exchange traded fund (ETF) or how much we spend in commissions at our custodian to buy or sell stocks, bonds, mutual funds and ETFs. It’s much harder to measure the market impact of your trading, or how much you pay as a price-taker (like us) between the price to buy a security (the offer) and how… Read More

25 Feb 2016

Another Year of the Bump

When I first took over Daily Insights, I wrote an article entitled ‘The Year of the Bump,’ which was about several of the Acropolitans that were having kids that year.  Unfortunately, I wrote that article before our current website, so it isn’t online, but I thought about that in a meeting today. We were visited by representatives from Dimensional Fund Advisors (DFA) and our primary contact said that he and… Read More

23 Feb 2016

Time and Transparency

Today, we have a special Daily Insights courtesy of Michael Lissner: John Wanamaker, a man few of us have heard of, has impacted our lives and saved us time.  Wanamaker became a prominent Philadelphia retailer with a reputation for honesty and transparency.  He made his mark as a merchandising genius, as well as inventor. One great contribution he made was to save people time.  In particular, he wanted to save… Read More

17 Aug 2015

St. Louis Business Journal Recognizes Dannelle Ward

I had the great pleasure of attending the St. Louis Business Journal’s Most Influential Business Women event on Friday to celebrate the success of my business partner, Dannelle Ward. The luncheon at the Chase drew 750 people to honor 25 women that the Business Journal selected from nearly 150 nominations.  It was fun to hear all of their stories, which were obviously all impressive. The feature in Friday’s paper provides… Read More

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