Archive for May, 2010

It’s Not What You Buy, It’s When

By • May 28th, 2010 • Category: Mutual Funds

As with most mutual fund investors, you are well aware of fund performance reports. You know, the ones that show one, three, five, and ten year returns. So that reflects what you, the mutual fund investor, would have made, right? Probably not. Morningstar calculates what it calls “investor returns,” which reveal how much real world […]



Slipping on Greece

By • May 25th, 2010 • Category: The Economic Scene

The recent sharp movements, mostly down, of the stock market have sent shivers through the investment community. They worry that another full-blown, nasty bear market is upon us. After all, it’s hard to ignore the headlines about riots in Greece and the general financial turmoil in all of Europe, along with uncertainty over the horrendous […]



“Stay the Course.” Here’s How.

By • May 13th, 2010 • Category: Personal Investing

Year-to-date, one of our model portfolios is lagging behind the S&P 500 Index by around seven percentage points. We are not happy, and despite the model having an excellent long term record, a few of our clients who are in that model, not surprisingly, have called to express concern. Which raises the question – what is a realistic […]



Like Father, Like Daughter, at Fidelity

By • May 11th, 2010 • Category: Mutual Funds

Today Fidelity Investments announced what some of our clients thought of as a “restructuring.”  It wasn’t, really.  Fidelity promoted Abigail Johnson, president of Personal and Workplace Investing, to president of Personal, Workplace and Institutional Services—effectively putting her in charge of all distribution channels within the Boston-based fund complex. Abby, as she’s known to those of us […]



Dow Drops 1000 Points! Oops.

By • May 7th, 2010 • Category: The Economic Scene

Yesterday we saw one of the most bizarre stories ever to hit the financial news wires. Multiple sources, including The Wall Street Journal, said a major firm may have inadvertently released an errant program, when a trader accidentally placed an order to sell $16 billion, instead of $16 million, worth of e-minis, the futures contracts […]