Tag Archives: investing
Efficient Market Theory and ETFs
One of the most popular ideas in the investing world, the Efficient Market Theory, argues, very simply, that a stock’s price equals its value. This would mean that a stock’s price reflects all publicly known data, including future expectations of the stock’s performance. Continue reading
Isaac Newton: The Investor
“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius.…
Posted in Articles, Economic Commentary, Personal Finance, Wiser Blog
Tagged etf, investing, Isaac Newton, Money, Stock Market Advice, stock market wisdom, Warren Buffet
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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? …
Posted in ETFs & Indexing, Wiser Blog
Tagged AOA, AOK, AOM, AOR, etf, investing, passive index portfolios, Retirement Investing, Risk-Based ETFs, target risk ETFs
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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.…
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.…
Posted in Economic Commentary, Wiser Blog
Tagged Asset Allocation, Bull Market, etf, investing, Jack Bogle, Money, retirement
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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%.…
Posted in Economic Commentary, Wiser Blog
Tagged investing, Money, Mutual Fund Fees, Retirment
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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 to …
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.…
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.…
Municipal Bond Funds
Casey Smith, President of Wiser Wealth Management, and I were quoted in a recent article about municipal bond funds. Here’s a quote,…
Posted in Wiser Blog
Tagged Index Universe, Indexing, investing, Money, MUB, Munis, Retirement Investing, wiser wealth management
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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. …
Posted in Economic Commentary, Wiser Blog
Tagged Advice, Analysis, Anna Schwartz, Banking system, financial crisis, Government Regulation, investing, Money
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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. …
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 article…
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. …
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 – Morningstar …
Posted in Economic Commentary, Wiser Blog
Tagged Advice, Bogle, Indexing, investing, stock market wisdom
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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.…
Posted in ETFs & Indexing, Wiser Blog
Tagged ETFs v. Mutual Funds, Indexing, investing, Long term investing
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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. …
Posted in Economic Commentary, Wiser Blog
Tagged bail-out, investing, level 3 assets definition, mark-to-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.…
Posted in ETFs & Indexing, Wiser Blog
Tagged Barclays, etf, ETF tracking a Lehman Brothers index, investing, lehman brother index
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Capital-Gains Tax and The Election
Fact: Capital Gains lead to retirement and capital-gains taxes threaten your retirement income.…
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.…
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 …
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 →