No, we haven’t decided to short the stock market — not by a long-shot! — but we have decided to shorten the average maturity of our bond holdings. We’re doing this by swapping all of the DFA 5-Year Global Bond portfolio (DFGBX) into the DFA…
We made a few changes to our portfolios this week that we thought we’d share. These adjustments are technical in nature and constitute fine-tuning more than anything else. Bond Allocation Updates As we discussed last month (Managing Risk When Rebalancing Into Bonds), we believe that…
New Blended Benchmark We’ve added a new blended benchmark to our monthly portfolio performance reports that we thought you’d like to hear about. Beginning with the current batch of reports posted a few days ago, a new blended benchmark appears in several places. First, the…
Bob Powell of The Wall Street Journal’s MarketWatch, noting that some people are getting nervous now that the S&P 500 has hit a four-year high, offers eight strategies for protecting your portfolio. His article opens with Dave’s critique of portfolio insurance: To be fair, however,…
Candice Choi, AP Personal Finance Writer, On Sunday August 7, 2011, 7:41 pm NEW YORK (AP) — Investors should think twice before making any rash moves Monday. Many market analysts expect stocks to fall sharply because of anxiety about the downgrade of the U.S. credit…
We’re writing to talk to you about a book, “The Investment Answer” by Daniel Goldie and Gordon Murray, and to explain why we thought you’d find it a worthwhile read. To begin with, the book presents the insights of more than 60 years of market…
First of all, I think what we’ve done to date is phenomenal. We’ve built a profession that changes people’s lives. To the extent that we’ve made errors, it’s been with the best of intentions, and for lack of a crystal ball.
But Many of Latest Offerings Stretch Definition of ‘Index’; Warnings of Increased Risks By ELEANOR LAISE January 30, 2007; Page B11 Index-fund investors, known to take a hands-off approach to their money, are now being asked to make some big decisions — and possibly take on more…
Janet Kidd Stewart As we learn more about what makes investors tick, will it move them? Calling on financial advisers to take a closer accounting of how investors’ mental errors can roil markets and personal portfolios, AllianceBernstein Capital Management Chairman Lewis Sanders recently devoted his…