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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...
Resulting — what it is and why it misleads investors and poker players
By LARRY SWEDROE That’s what diversification is for. It’s an explicit recognition of ignorance. — Peter Bernstein Investment strategy should be based on the following few core principles. First, the market is highly, though not perfectly, efficient. Second, it therefore...
Do IPO returns match the hype?
Initial public offerings, or IPOs, often attract considerable, both from the media and from investors. But as this article from DIMENSIONAL FUND ADVISORS explains, the long-term returns that IPO stocks deliver are often disappointing. Initial public offerings (IPOs) often attract...
Calm down. We’re not all going to die (at least not yet)
By PRESTON McSWAIN Stock market news was not good yesterday. Stories like this have been circulating like crazy: Stocks Plunge as a War Deepens If Your Pension is Invested in the Stock Market, You Lost Big Today World’s Richest Lose $117...
Stop making a fat living off investors, MPs tell UK pensions industry
Today was an important moment in the campaign for a fairer, more transparent UK pensions industry. The House of Commons Work and Pensions Select Committee issued a damning report into pensions, and particularly the lack of transparency around fees and charges. It...
How to find a trustworthy financial adviser
TEBI readers often ask me if I can recommend a trustworthy financial adviser. I always try to help them. I know of good advisers all over the world, so there’s usually someone not too far from where they live whom I can...
Messy funds and the illusion of skill
By RICK FERRI Mutual fund rating services divide mutual funds into categories based on their investment style. This helps investors compare the performance of one style to another and helps them compare the performance of individual funds in a particular style. While...
