Bill Bengen’s research calculated how much a retiree can take out safely from a generic portfolio over 30 years without running out of money. Wouldn’t it be nice if you could take a prospective client’s asset allocation and calculate the percent of time periods since 1926 that it would have survived a 30-year retirement?
If you follow the polls, even super skeptically, you might have noticed that Joe Biden is likely to win the U.S. presidential election. After that, no matter what the current president and his more fervent followers do, Biden will be inaugurated and installed in the White House.
It’s a fool’s errand trying to find an election signal in a stock market roiled by a global pandemic, but investors will take any edge they can get. One such indicator is flashing a warning for Donald Trump’s chances on Nov. 3.
The U.S. economy faces “slow going” with no additional fiscal support likely for several months, said former New York Fed President William Dudley.
Most companies’ earnings—and creditworthiness—took a hit from pandemic containment measures like lockdowns. But with initial credit market adjustments to COVID-19 behind us, what challenges are still evolving and where does Vanguard’s fixed income team see opportunities?
The advisor for whom I have worked is retiring, but nothing has been communicated about what’s going to happen to me.
When clients come to me, 90% of the time they want to be told what to do. They have the will and energy to run at goals but have no idea where to start or how to best get there.
I hear from people all the time who slightly mess up a sales meetings: they get the time wrong, there is noise from pets or kids in the background, etc. But what if you royally screw up?
As financial firms rely more on online and out-of-office platforms and services, especially during the COVID-19 pandemic, the likelihood increases that proprietary and confidential, nonpublic customer information is stolen, deleted or ransomed.
I meet few humble advisors. Most are supremely confident in their knowledge of all things financial. This confidence is rarely justified.
The U.S. strategy to rely on vaccines and treatments, rather than emphasizing social distancing, masks and testing nationwide, threatens to delay the return to normal life for Americans.
Investor David Einhorn said technology stocks are in an “enormous” bubble and he has added a set of short wagers to profit from it.
New York Governor Andrew Cuomo is seeking to keep 95% of the U.S. out of New York as the coronavirus rages across the nation.
Beauty has restorative powers. Just ask visitors to the Metropolitan Museum in New York, to the desert monoliths in Moab, to the new Dries van Noten store in Los Angeles since the start of the novel coronavirus pandemic. Even if objets d’art can’t cure Covid-19, they calm the mind, soothe the soul, inspire the heart.
Four of the last 14 vacancies on the Supreme Court arose when different parties controlled the White House and a majority in the Senate. In those cases, the president’s initial nominee didn’t make it through half the time. When the president and the Senate were allied, on the other hand, 9 of 10 initial nominees were confirmed.
The African continent is warming quickly, and climate change is expected to disproportionally affect every aspect of life there, from human health to food security and economic growth, according to the World Meteorological Organization’s first-ever State of the Climate in Africa report.
When it comes to reading things online, we have a selective attention span; this is why it’s so important to optimize subject lines in both blog posts and your email marketing.
The primary goal of this article is to explain what makes dividends different. Dividends provide investors with a growing stream of income that is largely independent of market volatility. On balance, dividends are a powerful financial planning tool many retirement models seem to neglect.
We would like to think that investing is a science, but, alas, it is not. Water freezes at 32 degrees. Light travels at 186,000 miles per second. We look for similar rules in investing. There are none.
Corporate bonds are riskier than Treasury securities. The reward for accepting this risk is larger when spreads widen, but may be less than investors expect when spreads are modest.
My 2007 book, Wise Investing Made Simple: Larry Swedroe’s Tales to Enrich Your Future, contained 27 tales to educate investors about important investment concepts and strategies. This article is in the spirit of those tales.
There has been increasing focus on the poor performance of a newly popular Wall Street product called special-purpose acquisition vehicles, or SPACs. My Bloomberg Opinion colleague Nir Kaissar dived into the debate recently, citing research showing the returns of most SPACs are subpar.
First it was the art, then the Manhattan mansions, now it’s the superyacht. The Ron Perelman clearance sale continues.
Goldman Sachs Group Inc. admitted its role in the biggest foreign bribery case in U.S. enforcement history, reaching multiple international settlements to end probes into its fundraising for the scandal-plagued Malaysian fund known as 1MDB.
The coronavirus has compressed years of changes into months. It may be the straw that broke an aging, overconfident camel’s back.
Every once in a while, a breaking news story is on a topic that I actually understand. The September 27 New York Times article about Trump’s taxes was one such story. Many reactions to it show considerable misunderstanding and confusion on how the tax system works.
Jeremy Grantham has made a science of studying asset bubbles, correctly predicting the path of the Japanese, dot-com and housing overvaluations. Today’s bubble in U.S. equities is unlike any other, he says, but it will burst in months, if not weeks.
The Asia Pacific region is likely to see economic output remain below pre-pandemic trends over the medium term, even as China’s recovery leads the rest of the world, according to the International Monetary Fund.
Facebook Inc. released its nascent dating feature to European users following months of delays caused by the data protection concerns of local regulators.
The message from the bond market after the latest brief leap in yields is clear: The Federal Reserve is standing by to prevent an alarming increase in rates, no matter how much debt the Treasury sells amid the pandemic.
Growth is cyclical – try, learn and progress. In an ideal state the process is – try and progress – you get it right the first time and never have to iterate. But the ideal state is unfortunately not realistic.
We’d like to believe facts matter. In some situations, that is true, but I believe this quote attributed to Friedrich Nietzsche: “There are no facts, only interpretations.”
Communication in our firm has come to a complete standstill.
Where is virtue on Wall Street? Princeton lecturer JC de Swaan, who is also a partner at the investment firm Cornwall Capital, sought to find out. His book, Seeking Virtue in Finance, is his answer.
European Central Bank President Christine Lagarde said the unexpectedly early pickup in coronavirus infections is a “clear risk” to the economic outlook, in a sign that policy makers are gearing up for more monetary stimulus.
The hunt for new hedges is in full gear.
Domestic U.S. airfares fell by the most on record in the second quarter -- another illustration of how the coronavirus pandemic gutted demand for flights.
Will the policies of either presidential candidate move us towards a better healthcare system? In this article, I break down the challenges of healthcare reform, the policies of President Trump and former Vice President Biden, and discuss what is needed to get this country on a path of good health and an efficient healthcare system.
The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression.
Austin Russell, the 25-year-old founder and chief executive officer of Luminar Technologies Inc., is set to become one of the youngest self-made billionaires.
The OPEC+ alliance warned of a “precarious” outlook as a resurgent coronavirus pandemic hurts oil demand, dropping further hints about a potential change of policy next month.
If beating the market was as easy as becoming a top tennis player, there would be a lot more Serena Williams and Roger Federers. The lessons of acquiring skill in tennis are crucial for investors to heed.
The massive surge in passive strategies' popularity has pushed the market to the brink of instability. Instability can result in price surges to unprecedented valuations.
Financial advisors routinely adhere to the discipline of rebalancing portfolios, so much so that they invest tens of thousands of dollars in software to automate the process. That adherence has been regularly reinforced by financial writers. I show why this conventional wisdom is wrong and rebalancing may be as unwise an investment as the software used to do it.
The university is recognizing her donation for a project to be built at a site that once honored Woodrow Wilson.
The Dalio Center for Health Justice, a research and advocacy organization, will focus on reducing differences in access to quality health care that overwhelmingly affect communities of color.
In the region that ushered in the world’s first green bond, banks are now building private databases to help their clients navigate the dark side of ESG.
Companies with a higher presence of female executives have historically rewarded their equity investors with better performance, the firm says.
Third-quarter revenue from buying and selling stocks and bonds increased 29%, driven by a 49% surge in fixed-income trading.
The bank posted a surprise increase in third-quarter expenses.
