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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
Is the stock market Democrat or Republican?
By ROBIN POWELL The countdown is well and truly on for the US Presidential election. You might have a hunch as to whether Donald Trump or Joe Biden is going to win. You may also have a strong preference for one...
Is there such a thing as a “normal” stock market?
What investors should always expect from the stock market is unpredictability.
Is the stock market over-inflated?
Nearly 80% of fund managers, according to a recent Bank of America survey, think stock markets are overvalued. Are they right? Or does this simply mean that around four out of five managers missed the market rebound and are desperately hoping to...
Investors prefer past performance to lower fees — research
Investors are repeatedly warned that past performance doesn’t guarantee future results, but a new study shows they still place far more emphasis on it than they should. Researchers surveyed 400 investors and found that they tended to favour highly uncertain future performance...
Fees crucial to ESG investing success — Morningstar
We’ve looked several times on TEBI at the question of whether ESG funds outperform traditional funds over the long term, and the jury still appears to be out. Morningstar recently analysed the performance of 4,900 funds in an attempt to answer the...
Loss aversion and expected returns
By LARRY SWEDROE It has been well documented that, due to behavioral biases, investors/markets make persistent mistakes in pricing securities. As a result, there are many anomalies in the literature. An example of a persistent mistake is that investors under-react to...
