Milevsky’s ‘The 7 Most Important Equations’: Book Review
Let me deal with the necessary disclaimers first: I am a huge fan of Moshe Milevsky, a prolific author and my colleague at Research magazine. That said, Professor Milevsky’s new book is a terrific read.
Realistic Planning: There’s More to Life Than Retirement
Much retirement planning advice focuses on saving more and saving earlier. But this advice isn’t always realistic and often comes couched in unjustified criticism.
Five Good Questions for Tadas Viskanta of Abnormal Returns
The author says that active investors need to be aware that the odds are against them and that there are real costs, both explicit and implicit, in taking such an active approach.
The Best of Both Worlds: Active and Passive Investing
Passive investing is predicated upon the efficient markets hypothesis that it is impossible to “beat the market” over time except by being lucky. In reality, however, there is an abundance of evidence that markets are less than perfectly efficient.
Evidence Over Ideology
In the words of the great Benjamin Graham, an “investor’s chief problem – and even his worst enemy – is likely to be himself.”
The Annuity Puzzle
Since at least 1965 and the seminal research of Menachem Yaari, economists have recognized that retirees should convert far more of their assets into an income annuity at retirement than they do
A Rational Look at a Much Maligned Product
Few products within the financial services industry have received as much consistent criticism as fixed index annuities. An FIA is a type of deferred fixed annuity that earns interest or provides benefits that are linked to an external reference or index, most commonly the S&P 500. The insurer underwriting the...
Five Good Questions for LPL's Jeffrey Kleintop
The chief investment officer shares his views on the markets, Occupy Wall Street and more.
Five Good Questions for Behavioral Economist Dan Ariely
When it comes to making decisions, using emotions is likely to be unsuccessful or lead us astray; money isn’t unique in that regard.
Despite Pain, Encourage Clients to Stay the Course
The more frequently clients look at portfolio performance, the more likely they are to feel the pain of loss and to start trading.