This week’s action in both equities and bonds is a case of what I’m calling “home on the range.” The “range” here is a range-bound market, where stocks have been in since last November, and where bonds have been in since last October. This week, the S&P 500 was on the losing side of that […]

Bogle’s Bad Views on ETFs John “Jack” Bogle is an icon in the investing industry. The founder of Vanguard and the “father” of index mutual fund investing has had a lot of good ideas over the years. Unfortunately, the ideas in his recent editorial in the Financial Times are not among those good ideas. According

“Apparently people don’t like the truth, but I do like it; I like it because it upsets a lot of people. If you show them enough times that their arguments are bulls***, then maybe just once, one of them will say, ‘Oh! Wait a minute — I was wrong.’ I live for that happening.” — Lemmy

Every year, I urge readers of this e-letter, my newsletter Successful ETF Investing and also listeners of my podcast to review their annuities. An annuity can be a valuable income tool, but it also can be an underperforming asset in your portfolio. If you currently own an annuity, I urge you to consider it carefully. […]

Consistent followers of the ETF Talk will recognize this week’s return to the world of real estate investment trusts (REITs). A REIT is a company that invests in real estate and gains revenue by renting it out to other organizations. REITs are required by law to distribute a large portion of their profits to shareholders,

John “Jack” Bogle is an icon in the investing industry. The founder of Vanguard and the “father” of index mutual fund investing has had a lot of good ideas over the years. Unfortunately, the ideas in his recent editorial in the Financial Times are not among those good ideas. According to Mr. Bogle, exchange-traded funds

The biggest news item to hit Wall Street this week was the Federal Reserve’s FOMC statement on Wednesday, and the subsequent presser by Fed chair Janet Yellen. The key term “patient” was removed from the Fed’s statement, and that was the first step toward setting the table for the first interest rate hike in more […]

The Bull Stampedes in the China Shop This week’s market action was dominated by the Federal Reserve’s Federal Open Market Committee (FOMC) statement and the subsequent press conference by Fed Chair Janet Yellen. The key term “patient” was removed from the Fed’s statement, and that was the first step toward setting the table for the

“Myths which are believed in tend to become true.” — George Orwell The genius novelist and social commentator knew the power of believed-in myths. When it comes to investing, there are a lot of myths that tend to become true. Sometimes that’s good, and sometimes it’s really bad. That’s why it is always extremely important