There are two great roles for an advisor, one is to help individuals understand themselves and what their real financial purposes are and what their anxieties would be in anticipation so they can lay out a really sensible long term investment programme. The second is to hold hands and encourage staying the long term because […]
A remarkable 54-minute film featuring some of the world’s top economists and academics and demonstrating: * how the claims of active fund managers to be able to beat the market are largely a myth * how costs are the biggest drag on performance – and why active costs more * how passive investing offers the […]
Only in the last 10 to 20 years have we really understood where returns from stocks and investments come from, largely through the research of Eugene Fama and Kenneth French (both interviewed in this program). These two respected economists are in the forefront of a popular movement that takes the worry out of picking stocks. […]
By CARL RICHARDS OCT. 13, 2014 Last week was uncomfortable for market watchers. The Dow dropped more than 200 points one day and surged more than 200 the next. Both moves were attributed to small, seemingly random things. The International Monetary Fund cut its global forecast, and the Federal Reserve released its meeting minutes. I’ll […]
It had all the appearance of a market anomaly. For 25 years the world’s leading academics in the field kept predicting that Eugene Fama was certain to win the Nobel Prize in economics. If this year wasn’t Fama’s year, the talk always went, it would come soon. In an efficient market like the one Fama […]
No one has to sell us on the idea of retirement. We do however need to be reminded of the benefits of Findependence. Most of us don’t need reminders of why we want to retire some day. As the decades fly by, salaried jobs can be stressful and that doesn’t seem about to change in […]
I was once asked, at a journalism conference, how I defined my job. I said: My job is to write the exact same thing between 50 and 100 times a year in such a way that neither my editors nor my readers will ever think I am repeating myself. That’s because good advice rarely changes, […]
On this week’s Consuelo Mack WealthTrack – legendary financial consultant Charles Ellis. His “Winning the Loser’s Game” is an investment classic. Now he’s written a new investment primer with Princeton economist Burton Malkiel, “The Elements of Investing.” Financial Thought Leader Ellis offers basic rules to succeed in the financial markets.