Index Reconstitution Regret: Reduced Performance

Index Reconstitution Regret: Reduced Performance

You know regret if you have ever sold a fund or stock only to see it rise shortly afterwards. Worse yet is when the...
Stock Market Fixated on Crude Oil: Portfolio Changes Needed?

Stock Market Fixated on Crude Oil: Portfolio Changes Needed?

Sources: International Monetary Fund, Global price of WTI Crude , retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/POILWTIUSDM, March 25, 2016. January...
Diversifying Your 401(k) / 403(b): Don’t Make Fund Allocations Equal

Diversifying Your 401(k) / 403(b): Don’t Make Fund Allocations Equal

“You want to diversify. But how? Harry Markowitz won a Nobel Prize in economics for solving this problem. But when Markowitz made his own...
Financial News Headlines Undermine Investing Patience

Financial News Headlines Undermine Investing Patience

A case study in just how easily the media’s headline predictions and warnings can mislead is attached in the essay below. In this...
A Profitable Exercise in Market Timing before the 2008 Crash Causes Regret

A Profitable Exercise in Market Timing before the 2008 Crash Causes...

Today, stock prices are fairly high while growth is widely expected to be slow. Should equity owners sell? I did, prior to the...

Six Insights from Warren Buffett (plus a couple of caveats)

Warren Buffett’s annual Berkshire Hathaway shareholder letter provides insight into investment strategy worthy of consideration by all investors. This year’s letter, celebrating the 50th...
Chasing Performance : Don't Trip on International Stock Funds

Chasing Performance : Don’t Trip on International Stock Funds

Over the past five years, US stocks have trounced foreign stock performance. In case you are now considering a reduction in your foreign...
Venezuela's socialism creates huge economic distortions

Venezuela’s Gasoline, Essentially Free, Makes for a Fascinating Border Crossing but...

After crossing into Venezuela from the Colombian border town of Cúcuta on our recent vacation, we proceeded to a lodge an hour away....