Farewell, Mutual Funds
Eventually, ETFs will be the industry standard.
Rekenthaler Report
John Rekenthaler’s unique views into all aspects of investing.
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With 401(k) Plans, What You Don't Know Can Hurt You
The silent damage caused by revenue-sharing agreements.
Have Large-Growth Stocks Peaked?
The surge that confounded the experts.
What to Know: Indexing With a Twist
Is the best index-fund flavor plain vanilla?
Today's Markets Are in Uncharted Territory
Investing when interest rates (and bond yields) are no more.
Do Fund Companies Have a Duty to Pass Along Economies of Scale?
Yes in theory, no in practice.
From the Archives: 3 Lessons From Hedge Funds' Rise and (Partial) Fall
The ups and downs each inform.
3 Reasons for Fund Investors to Celebrate
The less attention the industry attracts, the better it becomes.
From the Archives: The Style Police Were Right
Those stock funds that moved less, profited more.
Robinhood Was Indeed Too Good to Be True
The SEC releases the results of its investigation.
Why Most Stocks are Losers
The math of diversification.
Fund Investors Have Been a Steadying Force
If the stock market’s 2020 gyrations bothered them, the numbers don’t show it.
Who Saved the U.S. Stock Market Last Spring?
The help came from an unexpected source.
Some Bond Funds Grow Their Capital Bases, Some Do Not
How the industry's 1999 bond-fund leaders have since performed.
From the Archives: Evaluating Cryptocurrencies as an Investment
If the speculation is removed, is there anything left?
3 Reasons to Own Bonds Directly
And three reasons to choose bond funds instead.
DFA Is Paying the Price for Its Conviction
However, the company's difficulties will likely be short-lived.
Why Become an ESG Investor?
The question is not rhetorical.
Tesla Finally Joins the S&P 500
Thereby making the index even more concentrated, high-growth, and volatile.
Can Bond Funds Repel the Indexers?
If so, the industry’s leaders must perform better.
From the Archives: Why Growth Stocks Are Winning
Surprisingly, the reason relates to income inequality.
How Will Stock Buybacks Affect Future Market Returns?
The answer is otherwise than appears at first impression.
Can Warren Buffett Forecast the Stock Market?
Yes he can, and perhaps accurately.
3 Lessons About Stock Funds, From the Coronavirus Crisis
Something old, something new, and something out of the blue.
A Stock Market Bubble Is Forming
However, it has not (yet) become a mania.
What is the Neutral Portfolio?
Balanced funds are the standard, but with little justification.
When One Fund Company Buys Another
Such deals rarely benefit fund shareholders.
Retirement Income: Assessing the Odds
Graduating from a spreadsheet to simulations.
The Retirement Income Puzzle
When outperforming your portfolio's withdrawal rate isn't enough.
How Have U.S. Household Incomes Fared?
Judging by the cold data, as opposed to hot air.
The Math for Retirement Income Keeps Getting Worse
Revisiting the 4% withdrawal rule.
Considering Bond Alternatives: Preferred Stocks and Utilities
Higher income and likely better returns, but with greater risk.
Four Questions About Bonds
How to invest when yields on high-quality bonds disappear?
The Stock Market Is Not the Economy
What’s more, the two are drifting even further apart.
Can You Predict the Next Downturn? (Bond Edition)
Not by expecting bonds to behave like equities, you won’t.
Can You Predict the Next Downturn?
The longer the time period, the stronger the pattern.
Is Tesla's Stock Price Crazy or Merely Aggressive?
Placing the company’s valuation into historical context.
The Fund-Flows Indicator Is Behaving Strangely
Security prices aren't moving in the same direction as fund flows.
Does Crowdfunding Make Investment Sense?
It might, if there weren’t such a large information gap.
Asset-Based Fees Are Not Intrinsically Better
They exist because of customer demand, not moral superiority.
Presidential Elections Don't Matter (for Investments)
The silly season is upon us.
The Four Levels of Income
One word, several different investment experiences.
The Danger of Investing on the Big Picture
When half-right means entirely wrong.
Turning 401(k) Plans into Lifetime Investments
The Department of Labor lays the groundwork.
Cash as an Inflation Hedge
It fares surprisingly well, if the Federal Reserve obliges.
The Great Asset Bubble (?)
At long last, asset-price inflation may have finally arrived.
Stock Investors Are From Mars, Bond Investors Are From Venus
The two assets have responded very differently to the coronavirus crisis.
What If Inflation Isn’t Dead?
Forgotten does not necessarily mean expired.
Value Investing: When History May Not Be Enough
Might this time be different?
Do 401(k) Plans Still Make Sense?
Yes, but perhaps the system requires additional support.