How to Avoid Getting Ripped Off By ETFs
Exchange-traded funds are open-ended funds that can be bought and sold on a stock exchange. You can think of them as a hybrid version of both stocks and index funds. You buy them using a broker, just like you would...
Make the “Rigged” Markets Work for You
The recent appearance by Michael Lewis on 60 Minutes and the publication of his book Flash Boys has generated a furor over the perceived inequities of high-frequency trading. The idea that those engaged in high-frequency trading are permitted to “see” your trades, purchase stock...
The Secret to Higher Expected Returns
Everyone wants higher returns. To many investors, success in investing means generating “alpha.” If you are an investor in mutual funds, that means trying to generate returns in excess of the benchmark index designated by the fund. There are still...
Embrace Low-Frequency Trading
I love Michael Lewis’ writing, but I have some surprisingly good news to share about the high-frequency trading scandal revealed in his new book: High-frequency trading is not likely to hurt disciplined, long-term, low-frequency-trading investors. In fact, it might even...
Investors Trying to Beat the System Invariably Are Disappointed
Let’s start with a parable. Next to a mountain trail stood a twisted, gnarly tree. Hikers loved the shade it provided, but one day, a guy with an ax came along and decided the tree could do more than provide...
