Direct indexing is a type of investment strategy that involves buying and selling individual stocks, rather than investing in mutual funds or exchange-traded funds (ETFs). Direct indexing can offer a number of advantages over traditional investing, including: Greater...
Call Me LuckyThe other day, I made a call to a family friend, who is educated to the extent that when connecting the dots for him, he definitely has the background to ‘get it.’ Disclosure: he isn’t a client on these matters, he is a Medicare client. I don’t sleep...
Portfolio Analyzer | My ExplanationYou Need To Know How To Use ItThere are tools that tell you how likely it is that your money will last. Western & Southern (click here).Milliman’s RISE (click here).I am not doubting the accuracy of the calculations themselves....
Stocks For Show, Bond Losses For Dough
Oh MyQQQ on June 15: 269.28QQQ as of this writing: 303.84, which is 12.8% HIGHER IN A MONTHFacebook on June 15: 154.25Facebook now: 182..00, which is 17.9% HIGHER IN A MONTHWanna Understand What In The World Is Going On?Put yourself in a portfolio manager’s shoes. You...
This Could Be Good For Everyday PeoplePortfolio returns have been hurt because both bonds and stocks have declined. Simply stocks declining, by themselves, is not the answer, because the professional portfolio manager has a disciplined, dynamically changing mix. For...
Now You Can See How Bad Reports AreOn that same page (link), you see this pie chart.In this instance, the fund’s exposure breakdown is here, says 80% stocks. The point is that while the pie chart would’ve suggested 80% equites, the portfolio has actually tracked a 60%...
You Actually Want VolatilityIt is not easy for people to understand what is actually going on inside their financial holdings. Some people have 20-30 different line items (funds, bonds, stocks, etc). The simple analogy is that it is very difficult to distinguish which...
Stocks Better, Why Isn’t My Portfolio Much Better?Not advice, dyor.Simply, diversified portfolios would’ve reasonably allocated to bonds. As noted in the newsletter, since we changed platforms, it has not been a good period for bonds.You can see this graph. Yellow is...
Portfolio Expectations 101This is the simplest way for everyone to stay calm, without overdosing on hopium.Even the best mutual funds have underperformed the S&P 500.VAGSX = Vanguard LifeStrategy Growth Fund Investor Shares (VASGX) = 14.6% YTDAGG = US Bond Market...
But…US Long Bond CrushedAgain, dilutive to absolute performance for diversified portfolios. Substantial allocations here make 100% sense from a portfolio construction point of view. But, this is problematic for reasons not in the headlines.a. The largest investors in...
The headlines of the S&P look great, masking a lot.But, small-caps (IWM) are down since March, while the Nasdaq (QQQ) and S&P (SPY) have risen. During Q1, Nasdaq was down on a YTD basis, and the giant Apple has still returned only half of the Nasdaq and the...