Report Says Ads Show Illusion of Fiduciary Duty
Don’t be fooled. Advertisements can mislead investors on advisors’ responsibilities to clients. It’s funny that there’s even a “debate” over whether brokers should be required to act in the best interest of their clients. It’s even more nonsensical that many...
Comparing DFA Small Value to Vanguard Small Value
Over the past few months, the difference in historical performance between DFA Small Value (ticker: DFSVX) and Vanguard Small Value (VISVX) has narrowed. For example, for the 10-year period ending December 2014, the compound annual return of DFSVX was 7.9...
Some Index Funds Are Bad Choices for Investors
Many index funds are smart choices for investors, but that doesn’t mean all of them are. I have long been a proponent of “evidence-based” investing. For many investors, this means investing in a globally diversified portfolio of index funds with...
What is the difference between the new issue and the secondary municipal bond market?
Quick Take on Fixed Income April 2015 Q: What is the difference between the new issue and the secondary municipal bond market? A: Essentially, there is little difference between the two markets. Their structure is identical in terms of credit...
Comparing DFA Small Value to Vanguard Small Value
Over the past few months, the difference in historical performance between DFA Small Value (ticker: DFSVX) and Vanguard Small Value (VISVX) has narrowed. For example, for the 10-year period ending December 2014, the compound annual return of DFSVX was 7.9...
Admit Your Investing Mistakes
There are a number of explanations for why many individual investors ignore the overwhelming body of academic evidence and continue to play the loser’s game that is active management. Briefly, three of those reasons are: An education system that has...
