Why I Hate Most Target Date Funds and Other Short Stories

Target date mutual funds provide a one-stop shop for retirement portfolios. The target date is the approximate date when investors plan to start withdrawing their money and you get an asset allocation that is geared to a specific retirement year. It then gradually...

In the Long Term, the Absolute Trumps the Relative

Most of us remember the dot com bubble. We would buy a technology stock trading at 60 times its earnings estimates and think this was a tremendous deal as compared to other technology stocks trading at over 100 times or even 1,000 times their earnings. When the bubble...

The Dilemma of Market Volatility

Depending on our ages and our respective time horizons, we each experience a different feeling during market declines when downside volatility picks up. I compare it to when I’m in an airplane and the flight hits moderate to major turbulence. I think through all the...