Europe’s SPIVA Results Are Nothing New

Earlier this week, I provided some highlights of from the S&P Dow Jones Indices Versus Active (SPIVA) 2016 U.S. Scorecard. Today we’ll look at the SPIVA Europe Scorecard, which compares the performance of actively managed equity funds to their appropriate index benchmarks. The year-end 2016 Scorecard provides us with 10-year data. While not surprising to those familiar […]

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Topics: Advice, Investing, Market Insights

The Antidote To Stock Market Hysteria

Just for fun, Google the words “market pullback.” There are over 2.2 million results–most of them market predictions–and the first page of results is dominated by calls for an imminent market reversal that the simple desk calendar has already proven false. However, despite their worthlessness, market predictions remain as predictable as market opens and closes. […]

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Topics: Market Insights

Tax-Loss Harvesting in Inclement Markets

In some alternate universe, there may be markets where nobody ever experiences any loss and every investment just keeps growing. In our world, we know better. While markets are expected to climb over time, periodic downturns happen. When they do, they can leave you feeling left out in the cold. That’s why it pays to […]

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Topics: Advice, Investing, Market Insights

Beware the Recency Pitfall

“Recency” can be described as the tendency to overweight recent events or trends and ignore the long-term evidence. It’s one of the more common and costly behavioral mistakes that individual investors can make, often leading them to buy high and sell low. Clearly, this represents a major problem, as such behavior is exactly opposite of […]

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Topics: Advice, Investment Strategy, Investor Behavior, Market Insights

Why The Stock Market Is Volatile, Why Volatility Hurts, And What To Do About It

Unless you made a resolution not to read, listen to or watch the news in 2016, you’ve likely noticed that “the market” is off to a stumbling start. Indeed, one glance at the headlines, at least the ones that don’t involve the presidential election, quickly reveals that the market is having one of its worst […]

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Topics: Advice, Market Insights

My Misguided Quest to Beat the Market

In the quest to be above average, the vast majority of active investors achieve results far below the mean. Manisha Thakor with two reasons for this striking underperformance and what led her to become an evidence-based investor.

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Topics: Investing, Market Insights