Economic Commentary

“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman

Monday, April 7, 2014

Gambling That ETFs Understand Your Retirement Timing

"...look at the impact over an investment lifetime. Do you really want to invest in a system where you put up 100% of the capital (you're the mutual fund shareholder), you take 100% of the risk, and you get 30% of the return?" Jack Bogle, April 23, 2013, Frontline, The Retirement Gamble

The Retirement Gamble

Economic Commentary

Monday, April 7, 2014

Gambling That ETFs Understand Your Retirement Timing

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