Posts filed under “ETFs”

John Bogle’s Investing Genius Needs An Update

Now before I commit blasphemy, a few words: I am as close to being a Boglehead as you will find, without actually being one. The bulk of my portfolio is in passive indexes. Most of the assets I manage are in a broad allocation model.

This is a tribute to the wisdom and teachings of investing legend John Bogle, who founded Vanguard Group 40 years ago on the premise that matching market-based returns yielded better results for most investors than picking individual stocks, market-timing or any other investment strategy. During the past four decades, the sleepy firm Bogle started has turned into an investment giant, now managing about $3 trillion.

But we have learned many things during the intervening years. I don’t want to commit the sin of ignoring the accumulated quantitative evidence. There are certain mathematical truths in investing, and to pretend they don’t exist would harm my portfolio (and my clients).

Please understand that my deviation from Bogle’s philosophy isn’t due to hubris, but rather, mathematics. Certain facts of long-term investing have such strong evidence behind them that they are almost incontrovertible. It would be irresponsible for any investor, or their fiduciary, to ignore this evidence. Hence, I find myself at odds with someone I respect in four areas of portfolio management:

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Category: Apprenticed Investor, Asset Allocation, ETFs, Investing

What is an Online Financial Advisor?

I thought this infographic was inforamtive. We launched our own online advisor last year called Liftoff:   Source: Paladin Research & Registry

Category: Asset Allocation, Digital Media, ETFs, Investing, Technology

Why Gold & Oil Are Trading So Differently

Category: Commodities, Energy, ETFs, Gold & Precious Metals, Media, Technical Analysis, Trading, Video

Folklore of Finance

I really enjoyed this report by State Street, which discusses how often Folklore dominates financial decision-making. Well worth the free download:     click for full PDF of research report Source: State Street Source: State Street

Category: ETFs, Investing, Psychology

U.S.-listed ETP Flows

Source: Fidelity

Category: ETFs, Markets

John Bogle on the Rise of Index Funds

The founder of Vanguard explains why his invention is winning the battle for assets. Plus: The problem with ETFs, and why we need a transaction tax.

Category: ETFs, Index/ETFs, Investing, Video

Jack Bogle on Diversified Portfolios vs Speculation

9/9/2011 9:25AM

Buying and holding stocks and bonds for the long term and maintaining a diversified portfolio are still the smartest strategies for the average investor, says Vanguard founder Jack Bogle in answer to Mark Cuban and other critics of these traditional approaches. In the Big Interview with Journal columnist Jason Zweig, Bogle takes aim at the culture of market speculation. Betting on long odds, he says, “doesn’t pay off very often.”

Category: ETFs, Investing, Video

Biotech ETFs

Biotech ETFs May 1, 2014 David R. Kotok     We have been getting emails with questions regarding the biotech sector. The primary question is, “Is this a bubble?” Here is our view. First, we do not know that a bubble is a bubble until after the fact – after the bubble pops. What we…Read More

Category: ETFs, Investing, Think Tank

Key Trends in a Milestone Year for ETFs

Source: WSJ

Category: ETFs, Markets

Complete Histories – The South Seas Company – The Forgotten ETF

Click to enlarge Most people in the stock market have heard about the South Sea Bubble, the first stock market bubble, which took place in 1720, but few people realize that the South Sea Co. was also one of the first ETFs in market history.  Many people have seen a chart of the stock rising…Read More

Category: ETFs, Think Tank