Don’t Confuse Strategy With Outcome
Last year was a great year for US stocks. In fact the Russell 3000 index returned 33.55%. This bested most other indices. For example the MSCI...
Read moreThe Fallacy Of Time Diversification: Part 1
If you read my blog regularly you know I am constantly preaching about diversification. Normally I am talking about incorporating multiple asset...
Read moreThe Fallacy of Time Diversification: Part 2
In my last post I made the argument that time does not necessarily reduce the risk of an investment since the standard deviation of total return...
Read moreThe DIY Investor
I have an article in the latest issue of “The Widget”, a magazine put out by the Delta ALPA Master Executive Council. Below is a copy of that...
Read moreThe Fallacy of Time Diversification: Part 3
In my last two posts I made arguments against the idea that time diversifies a portfolio. This goes against the conventional wisdom that if you...
Read moreUnderstanding the AMT
Over the last couple months I have flown with many people who were angry about their high tax bill. Two things they all had in common are that...
Read moreShould You Consider Structured Products?
Everyone likes the potential returns of stock. I mean who wouldn’t like the chance to gain 10% per year or more. The downside, on the other hand...
Read moreAre Market Valuations Valuable?
There is a lot of talk lately about whether or not the stock market is overvalued, undervalued or fairly valued. There are many different methods...
Read moreNew IRS Rule Makes After Tax 401K Contributions a Better Deal
Last week the IRS issued IRS Notice 2014-54. After years of fighting taxpayers about certain types of IRA rollovers they finally gave in. Today we...
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