A Holiday Fairy Tale of Two Fund Managers, by Father Grouse
A friendly reminder that IRR ≠ CAGR and that volatility laundering is real
“Rising Rates Are Good for You, Part 2” on Advisor Perspectives
Rising interest rates are good for most investors! Here’s why.
“Rising Rates Are Good for You, Part 1” on Advisor Perspectives
Falling interest rates are not truly a “tailwind” for bond investors. In fact, for most bond investors, rising rates are a good thing!
“A Dividend Is Not a Gain (or a Loss)” on Advisor Perspectives
A dividend is not a gain! Nor is the offsetting decline in stock price a loss. Find out here what a dividend really is, and why it matters.
“The Stock Market Knows There is an Election” on LinkedIn
Round Table Chief Investment Officer Nathan Dutzmann coauthored an article explaining why we don’t treat (or recommend treating) U.S. elections as a market-timing signal, regardless
“There Is No Magic Investment Return Fairy!”
We’ve created a series of posts on LinkedIn exploring two fundamental postulates of stock market (or, more generally, risk asset) investing: The logic is simple:
“Cathie Wood’s Prediction at the Halfway Mark” on Advisor Perspectives
It’s tempting to say “the image says it all.” But there’s a whole Advisor Perspectives article because there are more insights to be gleaned from this example.
On Retirement Income, Part 8: Get Real Income by Getting TIPSy
Well, it has been a while, but our fictional friends Bob and Fred are finally getting some attention again. We’re pulling their financial plan out of stasis to illustrate how we can (A) build an inflation-protected income bridge from retirement to age 70, enabling someone to maximize benefits by delaying Social Security claiming and (B) add a long-term stream of inflation-protected income on top of Social Security, to fill a gap between promised benefits and inflexible annual spending needs.
“LifeX Funds Answer the Call” on Advisor Perspectives
Lifetime inflation-protected income (up to age 100) from a mutual fund!
“Long-Horizon Investing, Part 5: Real-Life Applications Pre-Retirement” on Advisor Perspectives
The final installment on Advisor Perspectives focuses on goals-based investing techniques pre-retirement.