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Measuring Active’s Underperformance Against Investable Benchmarks

Larry Swedroe on research using ETFs to create investable benchmarks. Larry Swedroe, Director of Research, The BAM Alliance The underperformance of actively managed mutual funds compared to passive investments is well-documented in the literature—as is evidence on the lack of persistence of outperformance beyond just the randomly expected. For example, in their study “Luck versus…

What Fewer Stocks Means for Factor Premiums

Fewer stocks today may mean stock picking is dying, but will it doom factor premiums as well. Larry Swedroe, Director of Research, The BAM Alliance Jason Zweig, financial columnist for The Wall Street Journal, is one of the truly “good guys” in the world of financial media (by which I mean that he looks out…

An Integrated Investment Plan Is Key

A sound investment plan isn’t the only way to find financial security. Earlier this week, we looked at the importance of incorporating different types of risk—specifically, human capital risk—into an overall financial plan. Today I will focus on mortality and longevity risk, and using “tax alpha” strategies to improve the odds of achieving your financial goals….

How to Help Aging Parents With Their Finances

Helping aging parents with their finances. Stuart Vick Smith, ML&R Wealth Management  Role reversal: If you have aging parents, they may need help sorting out their finances. Stuart Vick Smith lays out some steps you can take to help them feel in control of their financial life. Find it on KVUE.com By clicking on any…

Understanding Different Types of Risks

Larry Swedroe on the importance of integrating all risks (not only the investment kind) into an overall financial plan. Larry Swedroe, Director of Research, The BAM ALLIANCE Harry Markowitz received the Nobel Prize in Economic Sciences in 1990 for his contributions to the body of work known as “modern portfolio theory.” Probably his greatest contribution…

Understanding Different Types of Risks

Larry Swedroe on the importance of integrating all risks (not only the investment kind) into an overall financial plan. Larry Swedroe, Director of Research, The BAM ALLIANCE Harry Markowitz received the Nobel Prize in Economic Sciences in 1990 for his contributions to the body of work known as “modern portfolio theory.” Probably his greatest contribution…

An Integrated Investment Plan Is Key

A sound investment plan isn’t the only way to find financial security. Earlier this week, we looked at the importance of incorporating different types of risk—specifically, human capital risk—into an overall financial plan. Today I will focus on mortality and longevity risk, and using “tax alpha” strategies to improve the odds of achieving your financial goals….

A More Complex View On Value

Larry Swedroe shows that book-to-market isn’t the only criteria for defining the value factor. Eugene Fama and Kenneth French’s 1992 paper, “The Cross-Section of Expected Stock Returns,” resulted in the development of the Fama–French three-factor model. This model added the size and value factors to the market beta factor. As my co-author, Andrew Berkin, and…

How to Help Aging Parents With Their Finances

Helping aging parents with their finances. Role reversal: If you have aging parents, they may need help sorting out their finances. Stuart Vick Smith lays out some steps you can take to help them feel in control of their financial life. Find it on KVUE.com By clicking on any of the links above, you acknowledge…

Private Equity Adds Risk, Little Return

Larry Swedroe on how the risk of private equity doesn’t always equal higher returns. The term “private equity” is used to describe various types (e.g., buyout funds and venture capital funds) of privately placed (nonpublicly traded) investments. Even though buyout (BO) funds and venture capital (VC) funds have similar organizational and compensation structures, they are…

Factor Human Capital Into Your Financial Plans

The value of your labor should be considered when making investments. When designing an investment plan and deciding on the appropriate asset allocation, you should make sure to consider your unique ability, willingness and need to take risk. The latter two considerations are fairly straightforward. The more “stomach acid” you can absorb during bear markets…

What Is Enough? – with Dr. Kate Levinson

Answering the age-old question of “What is enough?” with Manisha Thakor and Kate Levinson in MoneyZen podcast. How do you answer that age-old question: What is enough? Manisha Thakor poses the question to Dr. Kate Levinson, a licensed therapist who has spent more than 20 years studying the interface of money and psychology. By clicking…

Political Biases Can Impact Your Investing

Larry Swedroe reviews the evidence on how political biases can affect your investing. “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light,…

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