|
Title |
Synopsis
|
Date
|
Author |
|
Federal Home Loan
Bank Debt and Subprime Mortgage Debacle |
The current subprime
mortgage debt debacle has some wondering
about the safety of debt issued by the
Federal Home Loan Bank (FHLB) system.
This article describes the FHLB system
and demonstrates why we believe it
remains a safe investment. |
09/10/2007 |
|
|
Searching for
Yield |
When interest rates
fall, investors look for ways to improve
their returns. Unfortunately, this
sometimes includes investing in
high-yield bonds. The following
demonstrates the potential problems with
such a strategy. |
08/27/2007 |
|
|
Deja vu All Over
Again |
Recently, the stock
market has experienced significant
volatility. This article includes
several important concepts to help you
remain disciplined and stay the course
with your investment strategy. |
08/22/2007 |
Larry Swedroe |
|
Location of
Documents |
By knowing the location
of your most important documents, you
can be assured they will be easily
accessible if and when they are needed.
This article addresses general
guidelines regarding storage of
important documents |
07/20/2007 |
|
|
You Can Be Too
Conservative |
As investors approach
retirement, many consider whether they
should lower (or even exclude) their
allocation to equities. It is
rarely necessary to completely remove
equities from a portfolio. |
06/07/2007 |
|
|
The Wrong Ways to
Approach Life Insurance |
In this lighthearted
article, we look at two surveys and a
prominent company collapse that help
demonstrate some of the misconceptions
people have regarding insurance. |
05/22/2007 |
Aaron Vickar |
|
Retirement
Withdrawal Strategies |
What is the generally
accepted order by which an investor
should make tax-efficient withdrawals
for retirement? With a focus on
asset location, this article introduces
several points for investors to consider
when building their own prudent strategy
for making withdrawals from retirement
accounts, including situations in which
an investor may benefit from deviating
from that generally accepted sequence. |
04/27/2007 |
Larry Swedroe |
|
The Roth 401(k) |
With the passage of the
Pension Protection Act of 2006, Roth
401(k)s have become a permanent option
to 401(k) plans. This article
discusses what a Roth 401(k) is, how it
differs from a traditional 401(k) and
how the Roth 401(k) can provide
additional benefit to investors. |
03/21/2007 |
Joe Goldberg |
|
Interview with
Mercer Bullard |
Former Assistant Chief
Counsel, Securities and Exchange
Commission |
03/07/2007 |
|
|
The Wrong Kind of
Diversification |
This article addresses
why it would be inefficient to try to
diversify assets over multiple managers.
When investors keep their assets in
several places, it becomes more
difficult to achieve long-term financial
goals. |
02/14/2007 |
Larry Swedroe |
|
Lessons from 2006 |
As we look back on
2006, we focus on 1) the futility
of trying to forecast how the market
will react to events, 2) the risks or
undiversified investing on individual
stocks, 3) the evidence that past
performance is not an indicator of
future gains, 4) the dangers of hedge
funds and 5) the volatility of equities. |
01/31/2007 |
Larry Swedroe |
|
Interview with Dr.
Laurence H. Meyer |
Former Member of the
Board of Governors, Federal Reserve
System |
01/04/2007 |
|
|
Incorporating Core
Equity Funds Into the Existing DFA
Portfolio |
In fall 2005, DFA
released with the US an evolutionary
offering of mutual funds called core
equity portfolios. As an investor
who already holds traditional,
asset-class based DFA funds within your
portfolio, you may be wondering whether
it makes sense to stay put, migrate to
core equity funds or meld the two types
together. |
12/19/2006 |
|
|
Effective
Diversification in a Three-Factor World |
This article reviews
how a well-diversified portfolio can
help manage risk while seeking increased
expected returns. |
12/06/2006 |
Larry Swedroe |
|
Choosing a Trusted
Advisor |
Eleven principles we
have adopted to help us serve as a
trusted advisor. |
11/29/2006 |
|
|
Stay Close to Home
or Let Your Bond Portfolio Roam?
Muni Bond Geographic Diversification |
Discussion of the
benefits of diversifying an individual
municipal bond portfolio geographically
instead of only purchasing municipal
bonds issued within your home state.
The main advantage of geographic
diversification is that it can reduce
over-exposure to risks that might result
from local events such as a natural
disaster or political changes. |
10/03/2006 |
Al Sears |
|
Discipline: An
Important Determinant of Returns |
Academic evidence has
long argued that a crucial determinant
of portfolio performance is asset
allocation. This article discusses
several findings that suggest another
important determinant is an investor's
discipline to adhere to his or her
chosen asset allocation. |
09/28/2006 |
Larry Swedroe |
|
Investor
Psychology Impacts Returns |
Overview of several
long-standing findings from the
behavioral finance field. We
suggest that individuals who are aware
of these behaviors may find it easier to
adhere to their well-planned investment
strategy. |
08/03/2006 |
Larry Swedroe |
|
Variable Annuities |
Some variable annuities
(VAs) are better than others; and if the
investor already is holding a VA under
some circumstances, awareness of options
within the VA industry can lead to
improvements in this component of his or
her portfolio. Following is an
over of VAs, other options to consider
prior to purchasing a VA and what to do
with VAs already purchased. |
07/06/2006 |
Larry Swedroe |
|
The Cost of Folly:
Hedge Fund Failures Continue to
Challenge the Hype |
During the last several
years, many individual and institutional
investors have rushed to hedge funds,
despite well-documented failures by many
hedge funds to deliver on their promise
of market-beating returns and improved
portfolio efficiency. |
06/09/2006 |
Larry Swedroe |
|
Is It Wise to
Follow "Mad Money"? |
Findings of a paper
looking at the stock recommendations of
the cable TV show "Mad Money," a lively
and entertaining take on the typical
format of a show that dispenses
financial advice/information. |
05/24/2006 |
Larry Swedroe |
|
Insurance Credit
Ratings |
When purchasing life
insurance, you should expect the company
you select to be as risk-free as
possible, so you can be virtually
certain that coverage will be available
in times of need. |
05/11/2006 |
|
|
Boston Red Sox,
John Henry and Another Bad Luck Streak |
Boston Red Sox owner
John W. Henry is also the founder of an
investment firm that acts as a Commodity
Trading Advisor (CTA). What are
CTAs, and should they have a role in an
investor's globally diversified
portfolio? |
04/28/2006 |
Larry Swedroe |
|
Three Papers Shine
the Light on Recency |
Discussion of three
academic papers which conclude that
behavioral traits such as recency had
adversely affected investors expected
returns. They would have been
better off ignoring market noise and
adhering to a well-developed strategy. |
04/13/2006 |
|
|
Fifteen Rules for the Prudent Investor
|
This paper discusses
fifteen investment principles, all of
which can be part of an overall prudent
approach that includes building a
globally diversified portfolio of
passively managed asset class
investments and adhering to a carefully
formed, disciplined strategy regardless
of market events. |
03/23/2006 |
Larry Swedroe |
|
Lessons from 2005
|
Like most years, 2005
provided us with lessons on the prudent
investment strategy. The US
reeled from a disastrous hurricane
season, and the market dealt with a grab
bag of national and global challenges.
This article recaps six investment
lessons. |
02/08/2006 |
|
|
Managers of Managers: Considered the
Best of the Best, But Do They Add Value?
|
Many investors try to
pick winning stocks or actively time the
market via managers of managers. Yet,
looking at returns data from SEI, one of
the largest of such managers, the
evidence demonstrates that they struggle
to achieve even market returns. |
01/31/2006 |
Larry Swedroe |
|
The Private Equity Market
|
This article defines
private equity and discusses how
investors in this market have fared over
the past two decades. |
01/17/2006 |
Larry Swedroe |
|
Reading Companion for the Book,
The
Only Guide to a Winning BOND Strategy
You'll Ever Need
|
Practical
suggestions to help readers get the most
out of reading Larry Swedroe's and Joe
Hempen's new fixed income book, The
Only Guide to a Winning Bond Strategy
You'll Ever Need. |
12/09/2005 |
Laura Latragna |
|
Three Strikes, You’re Out: Approaches
Used to Manage Actively Managed
Portfolios
|
Investors often use
three active management approaches
to try to pick
winning stocks or actively time the
market. The evidence included in
this article shows us that none of these
approaches are expected to work as
effectively as a passively managed
strategy for achieving long-term
financial goals. |
12/07/2005 |
Larry Swedroe |
|
Equity Indexed Annuities
|
Equity indexed
annuities (EIAs) are commonly described
by those selling them as “the best of
both worlds” — providing the potential
rewards of equity investing without the
downside risks (because of the presence
of a guaranteed minimum return). We are
reminded of the adage about something
being too good to be true, and feel that
EIAs are another product meant to be
sold, not bought. Many EIAs have
significantly high surrender charges and
other hidden fees. |
11/22/2005 |
Larry Swedroe |
|
Considering CDs: Are They Appropriate in
Your Portfolio?
|
On the surface, it
might seem that all CDs are about the
same. In reality, this market has
evolved and expanded. Because of this,
we would suggest that investors seek the
assistance of an advisor if they plan to
include CDs in their investment
portfolio to ensure that the ones they
choose are appropriate.
|
10/27/2005 |
Al Sears |
|
Comparing ARMs and Fixed-Rate Mortgages
|
In September 2005, the
U.S. Federal Reserve Bank raised the
target federal funds rate for the 11th
consecutive time. Homeowners who secured
adjustable-rate mortgages between 2001
and 2003 - when rates decreased 13 times
- should take a careful look at their
mortgage terms. |
10/10/2005 |
Larry Swedroe |
|
Preparing for Potential Long-Term Care
Costs
|
Because of the costs
involved, an argument could be made that
all individuals should prepare for
potential long-term care needs.
Generally, individuals with assets
ranging from $250,000 to $3 million
should consider taking steps to prepare
for long-term care costs, in the event
there is a need for such care.
|
09/15/2005 |
Aaron Vickar |
|
Maximizing the Efficiency of Your
Retirement Planning
|
Life is all about
balance. You want to enjoy life along
the way, but it’s also vital to set
aside resources for days that lie ahead.
Mistakes made as you near retirement can
be particularly damaging, in that you
might not have the necessary time
horizon to correct them.
|
09/01/2005 |
Larry Swedroe |
|
Introduction to Municipal Bonds: Are
They Appropriate in Your Portfolio?
|
This article defines
municipal bonds and discusses how to
decide when individual municipal bonds
are appropriate. |
08/12/2005 |
Harold Walton |
|
Planning for Retirement: Do Not
Underestimate Your Investment Horizon
|
Individuals planning
for retirement often underestimate their
investment horizon — the length of time
their financial assets will be needed to
support their desired lifestyle. This
article includes life expectancy data
and discusses why it is important for
most investors to make retirement plans
that extend well past their life
expectancy.
|
07/21/2005 |
Larry Swedroe |
|
Risk Aversion and Investment Strategy
|
In the realm of
investing, there are two main ways to
invest — an active approach that seeks
to beat the market via stock-picking or
market timing, or a passive approach
that instead focuses on capturing
dimensions of risk commensurate with
expected returns. Academic research has
indicated that active investing
significantly increases the odds of
loss. |
06/30/2005 |
Larry Swedroe |
|
Investment Horizon and the Risk of
Equity Investing
|
Whether an investor’s
time horizon is long or short, equity
investing remains a risky proposition.
Looking at the market in the context of
history, it is clear that world events
are fraught with unexpected twists and
turns that can impact stock returns
dramatically, and with little or no
warning. It is only in retrospect that
we know whether a particular time period
actually was risky or safe. The lesson
to investors is that it remains critical
to be aware of one’s unique tolerance
for risk when building a portfolio
expected to withstand the rigorous tests
of time. |
06/01/2005 |
Larry Swedroe |
|
The Cost of Folly: Hedge Fund Failures
Continue to Challenge the Hype
|
Over the last several
years, many individual and institutional
investors have rushed to hedge funds.
The huge amount of cash flows into hedge
funds occurred despite well-documented
failures by many hedge funds to deliver
on their promise of market-beating
returns and improved portfolio
efficiency. Unfortunately, investors may
only be aware of the few success
stories. The following document includes
accounts of four recent hedge fund
failures. |
05/27/2005 |
Larry Swedroe |
|
Off to the Races: How the Markets Set
Prices
|
There is much that investors can learn
from the world of horse racing. This
document recounts Smarty Jones' journey,
explains how betting odds are set and
discusses how markets set prices. |
05/13/2005 |
Larry Swedroe |
|
Increased Transparency for Bond Trades
|
The municipal bond
market may become more efficient with
the introduction of real-time pricing
systems. However, the amount investors
will benefit remains unclear. Despite
increased transparency, we are less
confident that the change will help
narrow broker-dealer markups. |
05/02/2005 |
Joe Hempen |
|
Just Like Bill James: Finding the True
Determinants of Risk and Return for
Stocks and Bonds
|
If you know baseball,
you know Bill James. To most serious
baseball fans, Bill James revolutionized
how individuals use statistical research
to analyze the game of baseball. Today,
such statistical analysis, known as
sabermetrics, is integral to the game.
In much the same manner, professors
Eugene F. Fama and Kenneth R. French
have changed the field of financial
economics. |
04/08/2005 |
Larry Swedroe |
|
Indexing Incognito
|
Investors in actively
managed funds may not be aware that they
have become victims of "closet indexing"
meaning they end up paying premium fees
to achieve the same returns one could
expect from a lower-cost index fund. |
03/31/2005 |
Larry Swedroe |
|
Diversifying the Risk of Owning Real
Estate
|
Many high-net worth
individuals have accumulated their
wealth by investing a substantial
portion of their assets in real estate.
It can be a challenge to effectively
diversify in real estate without
reducing exposure or selling assets. |
02/25/2005 |
Larry Swedroe |
|
Bond Ladders
|
This article introduces
bond ladders and explains why they can
be an excellent option for the fixed
income portion of many investors'
portfolios.
|
02/01/2005 |
Larry Swedroe |
|
Lessons from 2004
|
2004
was a good year for equity
investors, especially those who believe
in the benefits of diversification
across multiple asset classes and global
diversification. We find it significant
that almost no one forecasted a bull
market in 2004 — let alone the kind of
returns that were experienced. At the
same time, the market dealt with a
surfeit of problems. |
01/01/2005 |
Larry Swedroe |
|
For Whom the (12b-1) Fee Tolls
|
Since 1980, many mutual
fund companies have deducted
distribution expenses from a fund's
total assets through 12b-1 fees. Under
Rule 12b-1, fund companies must fully
disclose such fees (listed in a fund's
prospectus and indicated next to a
fund's name in the financial listings of
many newspapers). Investors who assume
that these fees are applied to
traditional advertising expenses might
be surprised to learn the results of a
recent survey, which found that mutual
fund companies use 63 percent of 12b-1
fees to compensate broker/dealers for
selling fund shares to shareholders.
|
01/01/2005 |
Steve Nothum |
|
Why So Many Mutual Funds?
|
As of early 2003, there
were more than 8,000 mutual funds
available to investors. Why so
many? |
12/16/2004 |
Larry Swedroe |
|
The Fed Model and the Money Illusion
|
This article discusses
four topics: 1) the mechanics behind the
Fed model, 2) the flaws of the Fed
model, 3) misconceptions about the
effectiveness of the Fed model, and 4)
the negative influences the "money
illusion" can have on investors'
investment decisions. |
12/13/2004 |
Larry Swedroe |
|
Debunking Hedge Fund Myths
|
This article looks at
six myths surrounding hedge funds and
some of the reasons why many
high-net-worth investors continue to
invest in hedge funds despite growing
academic evidence and media reports that
hedge funds are "mad, bad, and
dangerous." |
11/01/2004 |
Larry Swedroe |
|
Emerging Markets: What Role Should They
Play, If Any, in a Portfolio?
|
Although investing in
emerging markets is risky, that fact
alone should not preclude investors from
considering allocating some portion of
their portfolios to the emerging markets
asset class. Modern Portfolio Theory
tells us that adding more volatile
assets to a portfolio can actually
reduce the risk of the overall
portfolio, if they provide increased
diversification. Because emerging
markets are highly risky, the result is
higher expected returns. |
10/01/2004 |
Larry Swedroe |
|
Hidden Costs: Bond Markups
|
This article discusses
bond pricing and costs for municipal and
corporate bonds. |
08/13/2004 |
Joe Hempen |
|
Simplifying 401(k) Plan Choices
|
This article provides
three situations in which participants
might struggle to make 401(k) decisions
and explains how by simplifying the
401(k) investment selection process,
plan sponsors may also be best
positioned to meet their fiduciary
responsibility to consider and protect
participants’ best interests. |
08/01/2004 |
Joe Goldberg |
|
Short-Term Savings Vehicles: Money
Markets, MARS and VRDOs
|
Although MARS and VRDOs
are actually long-term bonds, these
securities have many of the same
characteristics as money market funds. |
08/01/2004 |
Harold Walton |
|
A Quiet Death
|
This article marks the
passing of the Lindner Large-Cap Growth
Fund, which outperformed the S&P 500
Index for 11 consecutive years from 1974
to 1984. |
06/01/2004 |
Larry Swedroe |
|
Crystal Balls Can Be Misleading
|
Imagine an investor who
could read just the front-page stories
of future newspapers today. How
would this change things? |
06/01/2004 |
Larry Swedroe |
|
Taking Stock of the Value of Stock
Analyst Recommendations
|
"Do the stock
recommendations of brokerage firms have
any value?" |
05/01/2004 |
Larry Swedroe |
|
The Aging Population: Implications for
Equity Returns
|
The aging of the
baby-boom generation will have major
implications for Social Security,
Medicare and Medicaid, and secondary
implications for government spending and
taxes. |
05/01/2004 |
Larry Swedroe |
|
Demystifying Commodities: Using Them to
Manage Risk in a Portfolio
|
Commodities have a
reputation for being complex and risky,
and many investors do not feel qualified
to invest in them. |
04/01/2004 |
Larry Swedroe |
|
A Weed By Any Other Name
|
In 2001, the SEC
strengthened a rule regarding mutual
fund name changes to protect investors
from misleading labeling. |
04/01/2004 |
Larry Swedroe |
|
The $20 Bill Tale
|
This article looks at a
legendary joke we have often heard,
particularly among those who propose
that markets are inefficient. |
03/01/2004 |
Larry Swedroe |
|
How Risky Are Individual Stocks?
|
This article evaluates
the role of risk in expected investment
returns and our preferred method for
capturing the premium by diversifying
rather than by adding selected
individual equities. |
03/01/2004 |
Larry Swedroe |
|
The International Value Premium Versus
Trading Costs
|
Can the benefits of the
value premium (the outperformance of
value stocks relative to growth stocks)
outweigh high trading costs inherent in
the management of small-cap value
international stock portfolios? |
03/01/2004 |
Larry Swedroe |
|
Behavioral Bias: A Closer Look at Stock
Price Anchoring
|
Behavioral finance
researchers have begun to uncover an
array of biases that investors use to
evaluate and make trades. |
02/01/2004 |
Jared Kizer |
|
Callable Bonds: Risk and Return
|
Callable bonds are
fixed income securities that give the
issuer the right to call in the bond
(prepay) prior to maturity. |
02/01/2004 |
Larry Swedroe |
|
Default Risk and Equity Returns
|
In their 1992 study,
Fama and French studied the phenomenon
indicating that value and small-cap
stocks tended to outperform their growth
and large-cap stock counterparts over
time. |
02/01/2004 |
Larry Swedroe |
|
Hope (Still) Springs Eternal
|
Among the most
persistent market myths is that past
performance of an actively managed
mutual fund can be a reliable predictor
of its future performance. |
02/01/2004 |
Larry Swedroe |
|
Buy and Hold: Is It as Simple as That?
|
A passive approach
involves ongoing action that is focused
on a disciplined, long-term investment
plan. |
01/01/2004 |
Larry Swedroe |
|
What Triggers Investors to Trade?
|
University of
California professors series of studies
that focus on the intricacies of human
behavior and its impact upon investor
performance. |
01/01/2004 |
Larry Swedroe |
|
Asset Location Tips
|
How do you decide
between tax-deferred, tax-free and
taxable investment accounts? Mr.
Swedroe suggests five reasons to put
tax-efficient equity funds in taxable
accounts. |
12/01/2003 |
Larry Swedroe |
|
The Difference Between Stocks and Socks
|
Should investors spend
time and effort researching individual
equities in their portfolios? |
12/01/2003 |
Rick Hill |
|
Comparing Apples to Oranges
|
A recent article by Dan
Wiener questioned the validity of
passive management relative to the use
of actively managed value funds.
Investors should be aware of misleading
comparisons and assumptions as they
appear in popular investment literature. |
11/01/2003 |
Larry Swedroe |
|
Budget Deficits, the Falling Dollar and
Inflation Risk
|
FAQs regarding
investment decisions are often related
to current market conditions.
There are several reasons why it
typically is imprudent to adjust one's
long-term investment policies in
response to short-term market
fluctuations. |
11/01/2003 |
Larry Swedroe |
|
High Yield (Junk) Bonds: Do Their
Rewards Justify the Risk?
|
It is not uncommon for
investors to seek advice about whether
high-yield (junk) bonds should play a
role in their portfolios, as such bonds
offer a higher expected return than
safer fixed income holdings offer. |
11/01/2003 |
Jared Kizer |
|
Socially Responsible Investing
|
Does socially
responsible investing come at a price?
A University of Pennsylvania
working paper indicates so. Just
how large a price investors pay depends
on how they allocate their equity
investments to the various asset
classes. |
10/01/2003 |
Larry Swedroe |
|
The Importance of Asset Allocation
|
Several studies have
confirmed the importance of asset
allocation and its contribution to
returns. A recent study by the
Vanguard Group reaffirmed the results of
past studies. |
10/01/2003 |
Jared Kizer |
|
Index Changes at Vanguard: An Update
|
A quantitative and
qualitative look at the characteristics
of the new index funds compared to old
indexes. |
10/01/2003 |
Jared Kizer |
|
Management Tenure and Mutual Fund
Performance
|
In seeking the best
returns, investors tend to undertake a
due diligence process that includes
examining the past performance of funds
and their managers. Data suggests
that superior performance and the
longevity of a fund manager are not
necessarily linked. |
10/01/2003 |
Larry Swedroe |
|
REITs: A Separate Asset Class
|
Real Estate Investment
Trusts have their own risk and reward
characteristics as well as relatively
low correlation with other equity and
fixed income asset classes. They
are good diversifiers of risk and should
be considered when constructing an asset
allocation plan. |
09/01/2003 |
Larry Swedroe |
|
Understanding the Basics of Monte Carlo
Simulation
|
What is Monte Carlo
simulation and how does it differ from
the traditional straight-line simulation
method? |
09/01/2003 |
Jared Kizer |
|
Seasonal Trading Strategies: A Fair
Weather Friend?
|
A look at some seasonal
trading strategies including "The
January Effect" and "Sell in May and Go
Away." |
09/01/2003 |
Jared Kizer |
|
The Momentum Effect: Can It Be
Exploited?
|
"Momentum" is the
tendency for stock prices to continue in
the same direction that their recent
price movement has been exhibiting. |
09/01/2003 |
Larry Swedroe |
|
The Latest on 529 College Tuition Plans
|
Even in light of recent
tax reforms, low-cost 529 plans are
appropriate college savings vehicles and
compare favorably to taxable accounts. |
08/01/2003 |
Rick Hill |
|
The Threat of Deflation
|
Mr. Swedroe explains
why it would be a mistake to heed the
popular call to "abandon ship" when
faced with media headlines about the
risks of inflation, recession, oil
prices, natural gas prices, terrorism,
budget deficits, etc. |
08/01/2003 |
|
|
Leveraged Funds: Do They Deliver as
Promised?
|
As an investment term,
"leverage" refers to the concept of
increasing, multiplying or magnifying
the market impact of an investment
through the use of borrowed funds.
Does the fund deliver on its objective?
Let's look. |
08/01/2003 |
|
|
Reliable Predictors of Performance
|
Too often, investors
spend significant amounts of their time
trying to find the next out-performing
manager, moving money into the current
star performer. Studies have shown
that returns to this type of management
exhibit little if any persistence
through time. |
07/01/2003 |
|
|
Exchange Funds
|
Exchange funds are an
investment vehicle that has been around
for quite some time. They are
limited partnerships in which numerous
participants have large, concentrated,
low-cost basis positions in the stock of
a single company prior to participation
in the fund. |
07/01/2003 |
|
|
Awakenings
|
Dissatisfied with the
poor and inconsistent results of
"active" managers, institutional
investors have been a driving force
behind the development of index funds
and other vehicles designed to capture
market returns in a structured and
cost-effective manner. |
07/01/2003 |
|
|
Risk: What Exactly Is It?
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Risk takes on many
guises, and can even be different things
to different people. |
07/01/2003 |
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A Mutual Fund to Envy
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Consider historical
evidence when judging the stellar
performance of fund managers. |
06/01/2003 |
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Investment Implications of the 2003 Tax
Act
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The 2003 Tax Act
provided much good news for investors.
This article addresses our view of the
legislation's impact on individual
investment strategies. |
06/01/2003 |
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Equity Valuations, Future Expected
Returns and the Equity Risk Premium
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Stock valuations and
prices reached a peak in March 2000.
Prices have fallen dramatically since
then but some claim that prices are
still "too high." |
05/01/2003 |
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Index Changes at Vanguard
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05/01/2003 |
Larry Swedroe |
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It's Important to be Educated
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05/01/2003 |
Larry Swedroe |
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Social Security Benefits
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05/01/2003 |
Jared Kizer |
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Mortgage-Backed Securities
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05/01/2003 |
Larry Swedroe |
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Who's Foolish Now?
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04/01/2003 |
Larry Swedroe |
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Time-Weighted Return vs. Internal Rate
of Return
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04/01/2003 |
Jared Kizer |
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Hedge Fund Risks: Survival and Agency
Risks
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04/01/2003 |
Larry Swedroe |
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Emerging Market Bonds
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04/01/2003 |
Larry Swedroe |
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Do Great Small Companies Make Great
Investments?
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03/01/2003 |
Larry Swedroe |
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The Home Financing Decision: To Borrow
or Not
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03/01/2003 |
Larry Swedroe |
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Manager of the Year
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03/01/2003 |
Larry Swedroe |
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Equity Collars for Hedging Downside Risk
of Individual Stocks
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02/01/2003 |
Harold Walton |
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Principal Protection Funds
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02/01/2003 |
Larry Swedroe |
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Worth Your Time?
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02/01/2003 |
Larry Swedroe |
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A Shifting Maturity Approach to Fixed
Income Investing
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02/01/2003 |
Larry Swedroe |
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The Impact of Increased Equity
Volatility on Actively Managed Funds
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|
01/01/2003 |
Larry Swedroe |
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A Place for REITs in the Portfolio
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01/01/2003 |
Larry Swedroe |
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Lessons From 2002
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01/01/2003 |
Larry Swedroe |
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If at First You Don’t Succeed
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12/01/2002 |
Larry Swedroe |
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Preferred Stocks: Not Our Preference
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12/01/2002 |
Larry Swedroe |
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Continuing Lessons From the Nifty-Fifty:
The Price Paid Does Matter
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12/01/2002 |
Larry Swedroe |
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Can Corporations Achieve Persistent
Earnings Growth Rates?
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11/01/2002 |
Larry Swedroe |
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High-Yield and Junk Bonds: Do They Have
a Role in Portfolios?
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11/01/2002 |
Larry Swedroe |
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Mutual Funds: Reported Returns Versus
Realized Returns
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11/01/2002 |
Larry Swedroe |
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Costs Matter in the Bond Market
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11/01/2002 |
Larry Swedroe |
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Gambling Away Your Investments
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10/01/2002 |
Larry Swedroe |
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Balanced and Life Style Funds
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10/01/2002 |
Larry Swedroe |
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Frequent Portfolio Monitoring Can Injure
Your Financial Health
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10/01/2002 |
Larry Swedroe |
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Loss Aversion and the Value Premium
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09/01/2002 |
Larry Swedroe |
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Constraints and Biases May Impact Prices
and Returns
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09/01/2002 |
Larry Swedroe |
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Does Dividend Policy Impact Expected
Returns?
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09/01/2002 |
Larry Swedroe |
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Investors Continue Moving to Passive
Investing
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09/01/2002 |
Larry Swedroe |
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Trouble in 401(k) Land
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08/01/2002 |
Larry Swedroe |
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There Is Only One Way To Be an Effective
Buy and Hold Investor
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08/01/2002 |
Larry Swedroe |
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Even Success Has Its Perils for Active
Small-Cap Managers
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08/01/2002 |
Larry Swedroe |
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Indexing vs. Passive Asset Class
Investing: Similar But Different
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08/01/2002 |
Larry Swedroe |
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Venture Capital Investing
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07/01/2002 |
Larry Swedroe |
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The Most Important Determinant of
Returns
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07/01/2002 |
Larry Swedroe |
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Hedge Funds: Another Product Designed to
be Sold, Not Bought
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07/01/2002 |
Larry Swedroe |
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Analysts’ Forecasts Fall Short
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07/01/2002 |
Larry Swedroe |
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Value Indicators Near and Far
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06/01/2002 |
Larry Swedroe |
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In His Own Words
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06/01/2002 |
Larry Swedroe |
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The Asset Location Decision
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06/01/2002 |
Larry Swedroe |
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Explaining the Small-Cap Risk Premium
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06/01/2002 |
Larry Swedroe |
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The Size Effect
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05/01/2002 |
Larry Swedroe |
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Predicting Top-Performing Funds Remains
as Elusive as Ever
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05/01/2002 |
Larry Swedroe |
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International Diversification: The Case
for Small-Cap Stocks
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05/01/2002 |
Larry Swedroe |
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Catch a Falling Star
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04/01/2002 |
Larry Swedroe |
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Self-Destructive Investing
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04/01/2002 |
Larry Swedroe |
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Why No Mid-caps?
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04/01/2002 |
Larry Swedroe |
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Does Indexing Affect Stock Prices?
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04/01/2002 |
Larry Swedroe |
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Evidence of Market Inefficiency
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04/01/2002 |
Larry Swedroe |
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The Evolving Role of Fixed Income: Price
Stability vs. Income Generation
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03/01/2002 |
Larry Swedroe |
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R&D Expenditures: Impact on Valuations
and Expected Returns
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03/01/2002 |
Larry Swedroe |
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Default and Recovery Risk
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03/01/2002 |
Larry Swedroe |
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Stocks, Sector Funds and Investing
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02/01/2002 |
Larry Swedroe |
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Encore Performances
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02/01/2002 |
Larry Swedroe |
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Can Performance Persist?
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02/01/2002 |
Larry Swedroe |
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Lessons from 2001
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01/01/2002 |
Larry Swedroe |
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Diversification of Equity Portfolios
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01/01/2002 |
Larry Swedroe |
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When Sectors Matter
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01/01/2002 |
Larry Swedroe |
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Never in Doubt, Often Wrong
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01/01/2002 |
Larry Swedroe |
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The Problems With Past Performance
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12/01/2001 |
Larry Swedroe |
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Lessons to Learn from Enron
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12/01/2001 |
Larry Swedroe |
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It's Nice to Know
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12/01/2001 |
Larry Swedroe |
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Spending Time on What Matters
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12/01/2001 |
Larry Swedroe |
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A Perfectly Clear Crystal Ball
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11/01/2001 |
Larry Swedroe |
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An SEC Wake-Up Call
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11/01/2001 |
Larry Swedroe |
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The Evidence Continues
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11/01/2001 |
Larry Swedroe |
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Value Stocks and Portfolio Risk
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10/01/2001 |
Larry Swedroe |
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Regret Avoidance
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10/01/2001 |
Larry Swedroe |
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Understanding the Real Cost of an
Investment
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10/01/2001 |
Larry Swedroe |
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