In the last couple months I have flown with three different people who were considering putting large amounts of money into a structured product. One was an Equity Indexed Annuity with an insurance company, another was a Structured Bond with a...
Read moreMore About Sequences of Returns
Author’s note: As some of my readers have pointed out, I have not written an article in a while. I have been busy with some new clients and other things, but mostly it is about getting out of the routine of writing these posts. Hopefully there...
Read moreAQR Capital Management’s Style Premium Fund One Year Later
Last November AQR Capital Management launched a new fund – QSPIX. This fund seeks to capture four specific style premiums while maintaining a stock market neutral position. Last year I wrote two articles about this fund. You can find those...
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 article.
Read moreIs This Mutual Fund A Game Changer? Part 2
In last week’s post I talked about a new fund – QSPIX from AQR. It is a long/short fund that seeks to capture four style premiums across multiple asset classes and countries. Since the return of this fund is derived from sources different from...
Read moreSo You Think Interest Rates Are Rising…So Does The Market
[youtube=http://www.youtube.com/watch?v=9zDjNNPAqvE&w=420&h=315] Today I discuss how the current term structure of bond yields can tell you what the market thinks interest rates will be in the future. In the video I use an example of an...
Read moreMore About Mortgages And The Math of Bonds
In last week’s post we looked at some of the pros and cons of paying off your mortgage (most of them were pros). An argument for not paying off your mortgage was that if interest rates rise you may eventually be in a positive arbitrage position –...
Read moreShould You Pay Off Your Mortgage?
Like most things in personal finance, there is no clear cut answer as to whether you should pay off your mortgage or continue to hold one. Everyone’s individual situation is different, and today we will discuss some considerations investors...
Read moreChoosing a Proper Benchmark
[youtube=http://www.youtube.com/watch?v=iKKp9rAJSRE&w=420&h=315] The book “The Most Powerful Idea in the World” by William Rosen chronicles the story of the steam engine and dives into the history of the influential figures that were...
Read moreLuck versus Skill In Investment Performance
[youtube=http://www.youtube.com/watch?v=R3KvzeJppcA&w=420&h=315] Consistently beating the market is very hard to do. There are, however, a few investors that have shown they have the skill to do it. But how do you know if an investor is...
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