Pass this around. This is the latest on the use of $8000 of Federal First Time Home Buyer tax credit money for the down payment and settlement costs of buying a home.
Sunday, June 7, 2009
Wednesday, June 3, 2009
Tuesday, June 2, 2009
What does 200% turnover mean to you?
When a fund is turning over the stocks in your mutual fund like a rotisary chicken, you pay dearly for it. I recently analyzed a fund mix on the popular Fidelity funds on a 401k palet ? the average turn over was just under 200%! This translates into over 4% cost inside the fund in a single year. This cost comes after a market decline of 39% and underperformance of over 10% against market benchmarks. What should have been around a 40% drop in value translated into a 54% drop in this fund mix!
What should an investment manager do for you?
Rather than participating in all of the speculative hype so prevalent on Wall Street, your money manager should help you focus. Keep costs low, diversify and rebalance - over and over again ? this WILL give the best of returns with the lowest cost. Less activity, more investing.
Avoiding Black Swans
We would be far better off if we learned to avoid Black Swans. These three suggestions are priceless.
Thursday, May 21, 2009
Benjamin Graham Quote
The value exchange in the world of investment management has long rewarded relationships based on frugality, simplicity and maintaining a disciplined balance of a varied selection of investment classes. Benjamin Graham knows it and you know it. I affirm that the widely accepted speculative techniques used by Wall Street are propagated by Wall Street primarily for the benefit of Wall Street. This is done by blurring the real returns and siphoning unsubstantiated and unnecessary costs from your investments.
Wednesday, April 1, 2009
Wednesday, March 25, 2009
What Will Happen to Interest Rates?
Anyone who gives you their opinion about the direction of interest rates in the future is giving you just that their opinion. Im not sure any piece of information could be further from the realm of helpful. The problem with predictions about the future is that we tend to make decisions based on them and we rarely check retroactively for accuracy. Rates are low right now act if it makes sense - gamble if you want to, but make sure you can pay the bet if you lose.
Friday, February 20, 2009
2010? 2020? But Who's Counting?
Evan Vanderwey takes a look at the 2008 returns of some of the top "Safe" Targets Funds
Wednesday, February 11, 2009
Sunday, February 8, 2009
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