Things I Find Beautiful, Useful, or Downright Magical

I travel quite a bit, and often will sit down with friends over dinner and chat about companies, ideas, lifestyles, etc. Often I'm struck when people haven't heard of an app, product, or service that I find downright indispensable. Below is a list of apps, websites, products and things I find beautiful, useful, or downright magical that I wish someone had...

Getting What You Pay For

There are a lot of index funds in drag.  Below are three must reads on the topic. If you are going to stray from market cap weighting, it pays to be concentrated and very different. Otherwise, what's the point?!  Make sure you read all three, especially the blue bubble charts... Seeking Alpha or Seeking Assets? "What we learned From this simple exercise, we...

The 5 Mistakes Every Investor Makes

The 5 Mistakes Every Investor Makes is a recent book I read by Peter Mallouk, the #1 Investment Advisor in America.  (I'm not poking fun, that's just what it says on the cover.)  In general it is an easy-to-read book that offers quite reasonable advice, and you can get a free copy from their website. The five mistakes are: Market Timing Active Trading Misunderstanding Performance and...

Minimum Loss Portfolio

There's all sorts of cool tools to play around with on PortfolioCharts.com. One new addition is the ability to select a group of assets, the required minimum rate of return, and it will spit out the portfolios that had the smallest yearly loss. Best of all, it's free! 5%, 8%, then 10% required returns...    

10 Best Articles from Q1

Below are a few upcoming speeches.  If you are in town and want to schedule a meeting, or just want to say hello, please send me an email. April 9th, New York, QuantCon (This Saturday!) April 25 – 28, Arizona, FPA Retreat  There will also be two local speeches in the Los Angeles area in May, stay tuned for venue and times. As always, if...

How Much Do You Have in Foreign Bonds? Probably Zero.

I've given a speech on global stock market valuations about 20 times over the past few years.  Usually, if the crowd is small enough, I'll pass around a piece of paper and ask people one question: "How much of your global stock portfolio is in US stocks?" The answer always varies a few percentage points, but almost always right around 70%....

How Does a Market Get Cheap? The P in P/E

I wrote an article a few months ago on global valuations (we just updated the valuation metrics for 44 countries and sectors on The Idea Farm).  The cheapest countries didn't disappoint in the first quarter with strong returns, led by the cheapest market in the world at the time (Brazil). But no one wanted to invest in Brazil (and many still...

Travel: NYC, Arizona

I'll be in NYC at QuantCon April 7-11 and Arizona at FPA Retreat April 25 - 28. Come say hello!

Summary of the RoboAdvisor Space

Below is a basic chart cobbled together from public information and some ballpark guesses on my part.  If you find any inaccuracies, let me know and I'll fix. Some of these are hybrids (Vanguard, Personal) and some have some opaque fees (Schwab) and one is a per account fee (Acorns). Click to enlarge