The Myth of a Stock-Picker’s Market

(from Joe Light’s Your Money column in the Wall Street Journal dated 1/24/2014. Click here for the original post.  Joe writes about investing and personal finance for the Wall Street Journal, specializing in mutual funds, brokerages and other investing topics.  He is a graduate of Yale University.  Follow Joe on Twitter @joelight.)    Active fund managers say that they’ll succeed this year because stocks aren’t moving in lock step. Here’s why they’re wrong. Here we go again. Every year, a chorus of investment professionals proclaims the arrival of a “stock-picker’s market” in which active managers… [read more]
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The Steps to Successful Investing

When I began work as a financial planner in 1988, I would spend hours studying Morningstar Mutual Fund reports to determine the best funds to help my clients reach their goals.  The reports contained volumes of data, but experience taught me they did very little to predict how the funds would perform in the future.  Retail mutual funds were over-hyped when they performed well, regardless of whether the high returns were due to the investment category they focused on (tech stocks in 1999) or a manager’s streak of luck in stock selection.  All the attention [read more]
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Is it Too Late to Refinance?

Despite the incredible boom in mortgage refinancing that’s occurred over the last few years in light of historically low rates and home values returning to some sense of normalcy, we still get questions from from clients, their families and friends who have held off on determining if the opportunity makes sense for them. Many have forecasted that 2014 will mark the end of the great mortgage refinancing boom. Rates have started to climb as the economy continues to improve and the Federal Reserve begins to ease off their Quantitative Easing program. Rates might not be… [read more]
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Keeping Your Perspective

(from Dan Wheeler’s blog dated 10/29/2013. Click here for the original post.  Dan helped found the Financial Advisor Services arm of Dimensional Fund Advisors in 1989 and remained there until his retirement in 2010.  In retirement, Dan is focused on his writing and various philanthropic efforts around the world.  Learn more about Dan here or follow him on Facebook here.)    It’s been a great year for investors but with the market at an “all time high” shouldn’t we wait for the inevitable “correction” before putting more money into the market? Or worse yet, perhaps… [read more]
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