Happy Friday, everybody. Just a few of my favorite reads from this week: Investing Video: Yale Chief Investment Officer David Swenson on (among other things) why individual investors shouldn’t bother with actively managed mutual funds Save, Invest, and Borrow to Achieve Your Financial Goals from Moolanomy A rather lengthy, but quite interesting discussion of estimating [...]
I’ve written before about the importance of reading a mutual fund prospectus. Just the other day as I was researching my article on low-cost, socially responsible investment options, I experienced a perfect example of why it’s so important. According to the fund list I found, Pax World Investments’ Pax World International Fund was the lowest [...]
From time to time I get emails or comments from people who have moral qualms with index funds–the issue being that the investor doesn’t want to own shares of companies that do things to which he/she is ethically opposed. First of all, let’s be clear on one thing: Buying shares in a company does not [...]
The most basic skill in picking stocks is the ability to read financial statements. From an income statement, balance sheet, and cash flow statement, a skilled reader can supposedly glean all sorts of valuable/actionable information. As someone whose career and educational background is in accounting, I’ve spent my share of time creating and reading financial [...]
I frequently make the case that individual investors have little hope of reliably outperforming the market by trying to pick investments on their own. A recent comment on a post from a couple months ago argued that individual investors do have some advantages that might help them reliably outperform the market. The commenter pointed out [...]
Hello and Happy Friday. I’ve got an exciting announcement this week. My friend David from MoneyNing just released a new book: The Little Budget Travel Book: The Secrets of a Frequent Traveler Who Goes on Vacation Like It’s Free. I read the whole thing cover to cover yesterday. (Just like David’s blog, the book is [...]