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The next 5 million dollar man How much do you need to save and invest to accumulate $5 million dollars?  Max Osbon fired up the Excel spreadsheet to create a simple and revealing look at how to do just that. Four facts to enter Armed with four simple facts – your current age, your current investable wealth, your expected rate…

I definitely agree with the old adage that kids say the darnedest things.  But now and then the financial media give kids a good run for their money. For instance, we’ve all seen headlines like this one: “Dow Plummets 150 Points.”  But is 150 points really a plummet? Let’s look at the stats. With the Dow Jones Industrial Average hovering…

When we describe our index boutique approach to investing, people often ask: “If indexing is so great why don’t more professionals do it?” The answer is:  “They do”.  A quick look at high profile, successful professional active managers shows a significant portion of assets going the index route.  See who’s doing it. Elites do it Many endowment funds – the…

In two words, cash flow.  And not just in Europe.  Record high dividend payments are a worldwide phenomenon and are occurring despite doom and gloom reports about Europe in the popular media.  Healthy dividend yields on non-US ETFs raise a good question: should you own them? Cash flow is knowable A quick scan of popular ETFs shows how rich some…

When Detroit defaulted on $19 billion in general obligation bonds, it barely caused a ripple in the $3.7 trillion muni market. But for the unlucky few who held those bonds, it’s a dime-on-the-dollar catastrophe. What’s the lesson we can learn from the Detroit experience? Bond defaults are very rare these days. The wave of big muni defaults that Meredith Whitney…

For too long investors have not gotten the full story about their investment returns. What’s missing is one simple, understandable performance number: after-tax return.  It’s time for investors to expect and get this crucial figure: “Here’s your rate of return after taxes.” I expect much of the financial industry cringes at this idea. Let’s say your portfolio starts the year at…

It’s easy for a few little words – maybe an idea in your head, or something you overhear at the office – to trigger some truly unfortunate investment decisions. For instance, “It’s a sure thing!” rarely is. This week’s post is a series of eight brief phrases that are better left unsaid and unheard.   “They say gold is going…

Citius, Altius, Fortius – (Faster, Higher, Stronger) After months of training, we finally had the opportunity to compete at the RBC Decathlon this weekend. It was a blast, and all for a great cause. First things first, a round of applause for the $1.4m raised for Memorial Sloan-Kettering cancer care and the enormously high standard set by the field of…

Jack Lew, as Treasury Secretary, signs our dollar bills. In my mind that gives him some credibility in the field of investing. Based on a recent Bloomberg article that described his own personal investments, I give him fairly high marks on his approach. Here’s what we know. Government disclosure documents show that part of Lew’s assets are held in five…