Archive for the ‘Portfolio Management’ Category

Many DIY investors act as ‘family money managers’.  Most that I’ve met are men married to spouses with little or no interest in investing.  These DIY investors often risk predeceasing their novice-investor partners.  So with...

So-called ‘Bond King’ Bill Gross made headlines with his recent decision to leave PIMCO – the firm he founded more than 40 years ago – to join Janus Capital Group.  How best to deal with manager changes and whether investors...

The California Public Employees’ Retirement System – aka CalPERS – announced plans to liquidate its $4 billion hedge fund portfolio.  It’s big news because CalPERS is considered a well-run pension plan.  It’s huge...

With the 2000s’ ballooning list of indexing products I was compelled to give indexing hopefuls a dose of straight talk nearly five years ago.  My message then:  To fully capture indexing’s long-term benefits investors should simply focus on...

Long-Term Thinking died on Tuesday. He was 213 years old. Long-Term Thinking lived an illustrious life since the start of the Industrial Revolution, when for the first time, people could think about more than their next meal. But poor incentives and...

When transitioning wealth from one generation to the next, “the rest of the story” occurs after the estate transitions.  Sadly, the rest of the story does not have an upbeat outcome. Unfortunately the rest of the story is that only about 30% of...

As the calendar turns to another year, I’ve wasted no time thinking about resolutions that will help improve your chances for successful wealth management and investment management in 2014 and beyond.  Even if you commit to just a few of...

There is an old saying attributed to philosopher John Dewey, “Patience is a virtue, possess it if you can, seldom found in woman, never found in man.” In the investing world, patient investors usually do better than impatient investors....

My recent review of many investors’ portfolios prompted the saying “the more things change, the more they stay the same” to keep ringing in my mind.  With a new year quickly approaching, investors would do themselves a favour by...