It should come as no surprise that active funds do not outperform their benchmarks over a significant time period, but take a look at the data. This graph shows the percentage of funds in the surviving universe (29% do not survive) that beat their benchmark in consecutive years. In the first year (2004), 33% of the funds were winners, but by year five (2008), only 1.4% of the funds (38 out of 2,619) had consistently outperformed their benchmark. Click here for the slide.
New Regulatory Document that Asks: “Is Hill Investment Group the Right Investment Advisor for Me?”
HIG Celebrates 15 Year Anniversary!
Podcast Episode: Gray Malin
Color Brave – Video You Should Watch Today
Social Security Benefits are Worth More Now
Some of the most complex problems investors face can be solved with simple solutions. The following rules help investors build and adhere to a well-designed investment plan. Click here to read the rules.
Should equity investors be alarmed by the prospect of greater government intervention in the US economy? Weston Wellington of Dimensional Fund Advisors looks at examples of US intervention in the past and examines the record of stock returns around the world over the last thirty-nine years. The evidence suggests that government intervention is just one factor among many affecting stock returns, and that an above-average degree of intervention is not necessarily associated with below-average returns.
Brian Haywood, from our strategic partner, explains some of the key differences between municipal bonds and corporate bonds.
One of our favorite books, which we give out through this web site, is highlighted in the NY Times. Click here for the full review. The author’s name is Bill Schultheis, and he recently released an updated edition of the book that first made him popular, entitled The Coffeehouse Investor. We are particularly fond of the book’s subtitle—“How to Build Wealth, Ignore Wall Street, and Get On With Your Life.”
Ken French discusses whether this is a good time for active managers and the future of markets. Click here for the videos.