Buy and hold the indexes if you want to beat average investors

There are three truisms that keep finding new confirmation and that investors should ignore at their own risk: Buy and hold the market, don’t try to beat it. Index fund investors will beat most other investors. Stodgy value stocks usually beat sexy growth stocks. Two new real-world studies covering the U.S.market since 1957 dramatically illustrate these points. In one, the […]

Client Letter – Q2 2006

During the last quarter, investors experienced a lot of volatility in the markets.  Although the markets recovered considerably by the end of the quarter, most diversified portfolios are still down slightly for the quarter (but remain positive for the year). Fortunately, the last 2-3 years have had such strong returns (for internationally diversified portfolios) that you may have started to […]