Results for 'larry swedroe'
#SFTW: Financial planning isn’t about selling funds
SOMETHING FOR THE WEEKEND Financial planning. Paul Armson thought that being an adviser was all about selling investment products — until he started asking different questions. He now heads Inspiring Advisers, an organisation working to restore financial planning to its rightful place as a valued profession, totally unconnected to the wider investment industry. Read Part […]
#SFTW: This is the year for active managers. Honestly
SOMETHING FOR THE WEEKEND Active managers. Every year they say it, and almost every year they’re wrong: “2013/14/15/16 (delete as appropriate) is the year to back actively managed funds”. Last January, we were told, conditions were perfect for active managers to use their skill and expertise to outperform their benchmark indices. What happened? OK, they […]
#SFTW: Investors beware — the spirit of Gordon Gekko lives on
SOMETHING FOR THE WEEKEND Gordon Gekko. There’s plenty of excitement in the financial blogosphere about The Big Short — the new movie about the credit crisis of 2007-08, based on the book by Michael Lewis, and starring Christian Bale, Steve Carrell and Brad Pitt. Frustratingly, I still have a few days to wait before it’s […]
#SFTW: Why pay active managers for factor tilts?
SOMETHING FOR THE WEEKEND Factor tilts. You can’t blame fund managers for taking the credit for outperformance. After all, as only around 1% of them beat the market with any degree of regularity, they rarely have the opportunity. It’s natural, too, that most financial advisers ascribe strong returns to managers’ expertise; they’ve built their business […]
Just because it looks like skill doesn’t mean it is
You can’t blame fund managers for taking the credit for outperformance. After all, as only around 1% of them beat the market with any degree of regularity, they rarely have the opportunity. It’s natural, too, that most financial advisers ascribe strong returns to managers’ expertise; they’ve built their business models on their ability to […]
The Scrabble index — and why it spells trouble for active managers
This might sound like a wind-up, but bear with me; it isn’t. Climb aboard a time machine and travel back to New Year’s Day 1964. You’ve got $200 to invest. OK, the first retail index fund is still a mere twinkle in young Jack Bogle’s eye, but say you could invest in a market […]
#SFTW: 1 in 5 millennials will live to 100. Better start saving
SOMETHING FOR THE WEEKEND Millennials. There was a wake-up call for millennial investors this week with the publication of the latest BlackRock Investor Pulse Survey. Millennials. Apparently, on average, those aged between 25 and 34 predict they will only live to see their 79th birthday. In fact the average 30-year-old can expect to reach 90 […]
#SFTW: Has MiFID II been kicked into the long grass?
SOMETHING FOR THE WEEKEND MiFID II I’m not quite the enthusiast for the European Union I once was. I’m as exasperated as any other UK tax payer at some of the things it spends our money on. But I am frustrated at the lack of serious debate on some of the issues involved, especially with […]