Is It Time to Sell? – A Disciplined Answer

Since releasing my book, Investing 3.0: What the Creators of Index Funds Discovered and How to Profit from It, I am frequently asked about the stock market. Is it time to sell? After all, if there is a universal investment ideal, it is this: every investor wants to buy low and sell high. Rather than answering this question with my “expert” opinion about pricing...

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Recent Market Volatility

After a period of relative calm in the markets, in recent days the increase in volatility in the stock market has resulted in renewed anxiety for many investors. From February 1–5, the US market (as measured by the Russell 3000 Index) fell almost 6%, resulting in many investors wondering what the future holds and if they should make changes to their...

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Going to Lunch

Did you know that going to lunch can cause stock market prices to jump by almost 3%? Well, that’s how I explain what happened in the market yesterday. Before leaving for lunch, I began writing about the stock market’s historic drop the day before. At the time, the Dow Jones Industrial Average (the Dow) had dropped another 124 points (or .5%). History has shown us...

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Nine Experts, Four Surprises, and One Million Dollar Bet

In 2017, we were again reminded of the importance of following an investment approach based on discipline and diversi cation vs. prediction and timing. As we gear up for the new year, we can look at several examples during 2017 that provide perspective on what guidance investors may want to follow, or not follow, in order to achieve the long-term return the capital...

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Advisors Need a Heart

  Since Robo Advisors first burst onto the scene, there has been a swirling debate about the future of investment advice. Touted for their low cost and state-of-the-art algorithms that provide custom portfolios, Robo advisors offer more features than a Swiss Army knife. Their sponsors want us to believe that they represent the future. But do they? Robo Advisors...

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The 4 Rules are Alive and Well

In the soon-to-be-released Investing 3.0, What the Creators of Index Funds Discovered and How to Profit From It, I highlight 4 rules for beating the stock market. Simply stated they are: Know something before everyone else. Take action. When others react, they cause the market to move in the way you expect. The value you gain by being ahead of the market must exceed...

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The Value of Time

Hey, did you catch the recent study that’s been making its way around the popular press: “Buying time promotes happiness”? As perennially popular as happiness tends to be, the media jumped right on this one. Of course one study – even an academic one – isn’t “proof” according to scientific rigor. But this particular one seems about as far-reaching as a...

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What the markets will do next

How many new ways are there for the same old market forecasters to twist a timeless truth: None of us has any idea what the markets will do next. Consider the following quote from a recent Wall Street Journal article entitled, “Global Stocks Post Strongest First Half in Years, Worrying Investors.” “The question for stock investors is whether the strong first six...

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An Awakening

An article in Yahoo Finance on May 30 described the flow of $1.4 trillion into domestic equity index mutual funds and ETFs as a “secular change in investment management.” Because most of the money flowing into index funds came out of mutual funds using strategies developed in the 1930s, I believe this change reflects an awakening of investors who are at last...

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The Tip of the Iceberg

The Trump administration has announced plans to eliminate many government rules and regulations. Some of these may legitimately be overdue for revision or elimination. However, his plan to rescind the Department of Labor’s “Fiduciary Rule” has caught the attention of most of my clients and thousands of other investors.  One concerned organization, the American...

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