The Stingy News Weekly (03/22/2015)
New from StingyInvestor
How fees, taxes, and inflation impact returns
"It is vitally important for investors to reduce, where possible and legal, investment-related fees and taxes. Those who don't might wind up taking all the risk and getting very little in the way of real returns." [video]
Consistently beating the market is overrated
"If some index fund proponents are to be believed, the only good active strategy is one that consistently outperforms the market. Or, at least, on some days it seems that way."
Problems with the Dow
"My main beef isn't with Apple but with the Dow itself. While I don't want to see the average fade away entirely, it should be retired and replaced with a more diversified index such as the S&P 500 for most purposes."
3 Stingy Stocks for 2015
"It's worked well so far because the Stingy Stocks have gained 15.2% per year on average since 2001. By way of comparison, the S&P500 (as represented by the SPYETF) advanced only 6.5% a year over the same period. The Stingy Stocks bested the index by an average of 8.7 percentage points a year."
3 Graham Stocks for 2015
"If you had purchased equal dollar amounts of the Graham stocks and replaced them with the new batch each year, your portfolio would be up a whopping 877% (18% annualized) over the full period."
Advisors behaving badly
"Investors should similarly watch out for advisors changing firms or recommending moving portfolios to segregated funds or other DSC mutual funds that may trigger a new set of commissions. (New DSC purchases will also have you pay a fee to exit the funds within the next 6-7 years.)" [Funds]
No, that's not the IRS calling. Just hang up.
"Phone calls by fraud artists posing as Internal Revenue Service employees and demanding money have surged in recent months" [Crime]
The stock-bond disconnect
"How should one understand the disconnect between the new highs reached by global equity indices and the new depths plumbed by real interest rates worldwide? Several competing explanations attempt to reconcile these trends, and getting it right is essential for calibrating monetary and fiscal policy appropriately." [Markets]
"There are all sorts of ways that companies can help people eat better and make more money" [Behaviour]
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