Author Archives: Kyle Waller

Active Management Comes To Emerging Market Bond ETFs

WisdomTree has introduced an addition to the ETF landscape with an active ETF in the emerging market bond category.

Emerging market bonds are a unique asset class with extraordinary characteristics which many ETF investors have made part of their portfolios for many reasons. Emerging market bonds have high absolute returns with low correlation to other markets and are high yielding vehicles. Continue reading

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How Poor Investments Happen

Investors tend to do poorly when they react to what the market does instead of preparing for what may happen and taking advantage of long-term forecasts. With a reactionary attitude, investors will rarely do well. Continue reading

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Lower Duration For Better Inflation Protection

TIP Securities have been around only since 1997, placing them a time period with only relatively tame levels of inflation. That being said, the need for inflation protection is very relevant, and investors now have access to five TIPS ETFs. They give investors a choice among broad based, intermediate, short-term, and long-term durations. Continue reading

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Financial Reform Freedom?

The Senate sweats this week over the self imposed July 4th deadline for President Obama to sign the Financial Reform Overhaul Bill. The bill is reported to be over 2,000 pages, and reaches into every corner of the financial industry from credit card transactions to advisors.

The bill ventures into some places where legislation has previously left alone. In many ways, the financial system needs some changes, however, for the most part, the Independence Day bill is more confusing than freedom-promoting. Continue reading

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International Corporate Bond ETFs Have Arrived

PowerShares listed the second-ever international corporate bond ETF for trading this week, behind State Street Global Advisor’s international corporate bond product, falling right in step with the unfolding of the debt crisis in Europe. The PowerShares ETF provides a broad exposure to international, investment-grade corporate bonds issued in developed countries. Continue reading

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ETF Fixed Income Assets Climb in April

ETF cashflows have climbed despite worries about rising rates in fixed income ETFs. Investors also seem to be pouring money into global ETFs even though overseas markets continue to abound.

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The Unemployment Report – 5/7/10

The amount of jobs added went up in April even well above what is expected, adding 290,000 jobs to the market. Up from 200,000 added in March. Continue reading

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A Dollar Hedged ETF; How To Allocate Around The Falling Euro

The end of 2009 saw the entry of a new ETF in the already dense ETF landscape:  a currency hedged ETF.  This new feature is of interesting significance due to its packaging inside an ETF.…

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Unpacking Global Sectors

Recently, many have reasoned that sectors drive market returns. Using the complete lineup of global sector ETFs from iShares, an investor can utilize the power of sectors within the US while reaching into developed and emerging international markets for simple to complex asset allocation strategies.…

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Commodity ETFs Having Problems

Recently, some commodity ETFs have been forced to stop the creation process of ETF creation units, meaning that the funds and trusts are being forced to act like closed in funds. …

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Leverage ETFs in the News…Again

Leveraged ETFs Under Investigation

The Massachusetts Secretary of State, William Galvin, is looking into the marketing of leveraged ETFs and has reportedly written letters to the three biggest players in this market, ProShares, Direxion and Rydex.…

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Harvard Endowment Looks to Become More Liquid

The managers of the Harvard Endowment have long been hailed as innovators. Their alternative investments include commodities like timber (famously employing lumberjacks), private equity, and hedge funds.…

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President Obama: An Index Investor

In a recent report, President Obama disclosed a large holding in Vanguard Index Funds. Continue reading

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PowerShares Set to Close 19 ETFs

PowerShares, a company who has lead the way for fundamental ETFs, closes 19 of these funds. Are more closings in other ETFs to follow? Continue reading

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Hedge Fund ETFs: They’re Here

Click Here to view PDF With Charts inserted.

IndexIQ, on March 25, 2009, launched its first hedge fund ETF. This is following in the wake of 2008 where many hedge funds were affected by mass withdrawals and highly leveraged bets went bad, causing many to shut down.…

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Gold Revisited

In recent years, gold has seen spectacular price increases. Looking at some history may reveal where gold is heading in the future and why.

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Forbes Best & Worst ETFs List

Something I’ve been big on lately is ETF tracking error.  An ETF’s ability to track an index can be a bigger cost (implicit cost) to an ETF, and investors should be very concerned with this. …

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Barclays Selling iShares

Barclays Global Capital announced Monday that recent rumors were true and they plan to sell iShares.…

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Isaac Newton: The Investor

“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius.…

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Currency Must Be Considered When Investing Abroad

In a recent article submitted by us here at Wiser Wealth Management covers what we think is something investors should consider about their international investments and give a way to hedge the currency risk in general.…

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VIX ETNs

The VIX Index tracks the amount of defensive options being purchased on the Chicago Board of Options Exchange (CBOE).  This represents the amount of insurance investors are seeking to protect their portfolios against downside risk.  As volitity  and downside fear increases these indexes increase in value.…

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Insights From the Inside ETF Conference

Last Weekend I was able to attend the Inside ETF Conference in Boca Raton Florida put on by Index Publications, LLC.  While we were there, Wiser Wealth Management’s president, Casey Smith was a moderator on a panel covering advisors using ETFs.…

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EAFE’s 2008 Currency Risk

2008 was a year of realized risk among many asset classes. It followed a period of lower volatility in many asset classes like foreign markets.

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Commodities ETF: The Tax Difference

Commodity ETFs and ETNs have come a long way in recent years allowing investors to gain exposure to many commodity indexes ranging from very broad to very narrow.

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Risk Based ETFs

So what do we do when we come to the conclusion that we can not effectively time the stock market and that constantly buying and selling stocks, bonds, ETFs, and mutual funds is not an effective strategy? …

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Diversification, Cost, and the Long Term: Part 1 Diversification

The title of this series is what we here at Wiser Wealth Management keep in mind when investing.  I wanted to explain this and show how these simple words can lead to great investment results.…

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New iShares ETFs

The following is an article featured on Indexuniverse.com recent ally as part of my column, Efficient Investor.

IShares has just issued a dozen new unique ETFs which track the S&P Target Date Index Series and the Target Risk Index Series.  Below is a breakdown of the two categories with the …

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A Sense of Optimism in the Air

Jack Bogle, Founder of Vanguard and creator of the first S&P 500 index fund has lived through 10 bear markets.  He talked to the Associated Press about his thoughts.…

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Fees Increase as Your Assets Decrease

An article in a local paper here in Atlanta, ‘Investors likely to face higher mutual fund fees” by Eileen Ambrose in which Ambrose details what Jeff Tjornehoj, a senior research analyst at Lipper, Inc, estimates that the average equity mutual will increase its expense ratio by .10%.…

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3 ETF Capital Gains

I regretfully anounce that 3 ETFs all issued by SSgA will be giving their investors capital gains this year.…

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Market Timing This Market

Market Timing has been and will continue to be a difficult strategy (especially when its not your original strategy) and many have found this particularly true this year, whether it was going to cash the day before a huge market rally or deciding the market had hit the bottom and …

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BehaviorGap.com

I really want to plug Carl and his website BehaviorGap.com for the message they have to investors.  Please visit the site and learn more about what the ‘Behavior Gap’ is.  Here it is in a nut-shell (if you’re a client of ours you will note that it is very similar …

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While I Was Gone: Target Funds

While I was out of town last week with my wife, several very interesting issues came into the ETF world; Target Date Funds.…

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Uncovering The Uncorrelated Asset Class

2008 will be the first full year there has been ETFs tracking emerging market bond indexes.  This is a very unique asset class.…

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UCLA Study Claims That FDR Extended the Great Depression for 7 Years

This is a major claim.  Read here to decide for yourself.…

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You Can’t Keep The Market’s Down

In our weekly email update to clients it was nice to report a weekly double digit gain rather than what felt like triple digit losses in the past.

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The Most Defensive Small Cap ETF

The small cap asset class has performed well over the last decade and has done relatively well during this current bear market. …

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‘Everything works much better when wrong decisions are punished and good decisions make you rich.” -Anna Schwartz

Read this Wall Street Journal interview with Anna Schwartz, a 92 year-old economist who has some real, honest , and unbiased wisdom about the financial system. …

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A Good Explaination of the Market Sell Off

Pat Dorsey, Director of Equity research at Morningstar, Inc, gives a great overview of some of the things that are driving prices away from the fundamentals and gives some good data about past bear markets.

Video: What’s Behind the Relentless Selling

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Buffett Buying In

Warren Buffett, famous investor and CEO of Berkshire Hathaway Inc.,  has been getting a lot of attention recently for his company’s large purchases in Financial Firms.  He has also been very political during the election year. …

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Stock Market Recoveries

One of my favorite pieces of stock market advice is by William Berstein,

Investing has and always been, and will remain, an operation in which wealth is transferred from those without a working knowledge of financial history to those who have one.

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The Stock Market Fear Number

Since 1990, the CBOE has issued the volatility index, VIX.  VIX is commonly called the ‘Fear Index’ because it tracks the amount of defensive options being bought at the CBOE. …

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Is This Panic Sensible?

The title to this post should not make sense, ‘sensible panic’.  That does not mean that panic can not be a self fullfilling panic, in which prices do not reflect true value and take years to recover (a secular bear market).  Jason Zweig offers some good advice in his recent …

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Hedge Funds, Index Funds, and Buffet’s $1,000,000 Bet

Warren Buffet has bet  with one million dollars going to charity that the S&P 500 will beat the top five hedge funds (picked by Protege, a hedge fund to fund) net of fees over a ten year period. …

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Some Market Wisdom

This video with Mr. Jack Bogle, founder of the Vanguard Group and former CEO, highlights some wisdom from a man with a lot of experience and who started Vanguard, a company that has a long history of being on the side of the individual investor.

Video:  Bogle: Keep Investing –

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The Last 52 Weeks in Review

As we are nearly one year from the peak of the S&P 500 this October, I want to take a look at how Exchange Traded Funds (ETFs) did compared to their mutual fund counterparts.…

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Mark-to-Market

Mark-to Market is an accounting rule where businesses must revalue or ‘mark’ a financial asset or liability to its current market price.

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Market Panic Sell Off

Today’s panic sell off was based purely on emotions, not financial evaluations.

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Secular Bear Market?

Russ Koesterich, Barlay’s Chief Investment Strategist, said in a video that they posted on their ishares website (view video below) that he believes we are going through a secular bear market. …

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What Happens to an ETF tracking a Lehman Brothers Index

As you may know an ETF (Exchange Traded Fund) must track a registered index (you can read my post on ETFs and ETNs for more information).  Many exchange traded funds follow a Lehman Brothers Index.…

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This Week on Wall Street

So it has been a crazy week with a lot of selling, buying, and an emergency stop on short selling, affecting the way hedge funds trade.…

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Capital-Gains Tax and The Election

Fact: Capital Gains lead to retirement and capital-gains taxes threaten your retirement income.

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What is Risk? Part 1

Risk of an investor’s portfolio can have several meanings.  However, in highly diversified portfolios the only meaningful risk is the risk that an investor will have less money in their portfolios at the end of their planned time horizon.…

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A Picture of a Loser’s Game

In the below video Jim Cramer gets upset about the mess of obvious insider trading that has occurred with Fannie Mae and Freddie Mac. …

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ETFs v. ETNs: Part II, The ETN

ETNs (exchange traded notes) are only a couple years old but the idea has been around since the early 90s.  They are “Structured Notes,” a debt vehicle, usually with time to maturity of over ten years, where the issuer promises to pay the return of a set investment determined by …

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Some Wiser Advice

I wanted to highlight today some quotes from some very smart individuals that have weathered some tough market conditions and are now weathering or would be if alive the current market conditions.  …

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ETFs v. ETNs: Part 1: A focus on The ETF

Both ETFs (exchange traded funds) and ETNs (exchange traded notes have been making a lot of noise lately.  Morningstar Inc. now tracks 89 ETNs with $7.3 billion in assets and 732 ETFs with $586 billion in assets.  …

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Why Currency Matters

As we know holding foreign assets, like foreign stock, benefits you when the US dollar back home is weak.  In a recent observation made by the guys at IndexUniverse.com, they found that there is a huge difference between the returns made by foreign investor investing in their local markets and …

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Welcome to Wiser Wealth Management in Marietta, GA

Good Day,

This site is intended to feature the research and observations of Wiser Wealth Management, a Registered Investment Advisory Firm in Marietta, Georgia.

To preface all future postings, I would like to share and express our bias towards the investment strategy of indexing and building wealth through indexing.  In …

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