Like fashion, some investment strategies become stylish for a while and then fade away. A hot strategy over the last few years is called “factor-investing.” It is based on the notion that investment performance can be improved by slavishly adhering to certain base beliefs. For instance, there are several studies that show small-cap stocks perform … Continue reading “Smart” Beta ??
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
For those long-suffering readers who want to read my quarterly column for Inside Business, it lives here: http://pilotonline.com/inside-business/flinchum-q-the-snapback-quarter/article_8a03eeff-c6dd-5750-80ca-966bd45c2059.html
Another reader asked me to discuss the new Department of Labor (DOL) requirement that IRAs be subject to the Fiduciary Rule, rather than the Suitability Rule. Suppose you and your financial advisor decide that your portfolio needs a mid-cap growth mutual fund, but one of the funds offers an all-expense trip to Hawaii for advisors … Continue reading The Fiduciary Rule
A reader requested that I explain the controversy about “tax inversions” but without wading through a bunch of numbers. That’s a tough assignment, but here goes: A tax inversion occurs when a large company in a high tax nation buys a smaller company in a low tax nation and changes their headquarters to the low … Continue reading Inverted Good Sense?
If it is the first Friday of the month, then it must be “Jobs Friday” when the Bureau of Labor Standards releases its monthly employment report. Today, we learned that the American economy produced 215 thousand jobs last month, which is slightly more than expected. The new jobs are largely (80%) in the service sector. … Continue reading Jobs Friday
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