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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...
Ken Fisher versus index funds: Who wins?
It’s been a bad month for high-profile fund managers. Here in the UK we are witnessing the meltdown of the man once dubbed Britain’s Warren Buffett, Neil Woodford. Meanwhile, across the pond, one of America’s best known stock pickers, Ken Fisher,...
It’s not over till it’s over
Cricket world cup. LOOK AT IT THIS WAY Succeeding with a long-term investment goal often comes down to the simple act of sticking to your plan and staying in your seat. Many an investor comes unstuck by chopping and changing, only to...
Cheap doesn’t mean nasty in the fund world
Fund world. Why do so many people continue to buy actively managed funds in the face of overwhelming evidence that they shouldn’t? It’s a question I once put to former Vanguard CEO Bill McNabb. His response, which you can watch here, is enlightening....
Robin’s Reads, Week 42, 2019
Week 42. By ROBIN POWELL This week’s list is dominated by one story — the dramatic fall from grace of the British fund manager Neil Woodford. WOODFORD The inside story of Woodford’s career — and what working with him was like (Owen...
The Woodford crisis shows there has to be a better way
Poor performance, illiquid assets, limited transparency — the demise of the UK fund manager Neil Woodford and his flagship Equity Income fund has revealed all that’s wrong with the conventional fund management business. For JAMES McMANUS from the online investment manager Nutmeg...
Sequence risk is a big threat to retirees
By LARRY SWEDROE When developing a retirement plan, most individuals are well aware of the issue of longevity risk — living longer than expected, increasing the risk of not having sufficient assets to sustain a desired standard of living. However, there...