Financial planner extraordinaire Michael Kitces had a great post last week on some words and phrases that need to be banished from retirement planning. A few examples Kitces used: Banish retirement income in favor of retirement cash flows. Banish retirement in favor financial independence. This got me thinking about some of the other words and…

In August of 2011, the Gold ETF (GLD) surpassed the S&P 500 SPDR ETF (SPY) as the largest exchange-traded fund in terms of assets. Since then, the investment performance of these two funds tells how out of control things got for gold, as the SPY is up almost 60% while GLD is down nearly 25%….

Most investors spend their time worrying about the stock market, but the bond market is in a fascinating place right now. Interest rates are low, but retirees and risk averse investors need sources of income and a less volatile ride than the stock market provides.Everyone seems to want rates to rise, but it’s just not…

Generally, investing in different factors will give you a diversification benefit because certain styles tend to perform differently depending on where we are in the market or economic cycle. As with most investing rules of thumb, you can usually only bank on this relationship working out most of the time, not always.

“I wasn’t unlucky, I got outplayed. I got outplayed that time. But I know I’m good enough to sit at that table.” – Mike McD, Rounders With the wild swings in the markets lately, it makes sense that investors are getting nervous. But it becomes a larger issue when you start to take the market’s…

“The reason I talk to myself is because I’m the only one whose answers I accept.” – George Carlin Hedge Fund manager Dan Loeb had this to say about a recent two month stretch of terrible performance (via Business Insider): …there’s just an incredible amount of uncertainty in the country both in regards to the…

The Wall Street Journal ran a piece this morning about the recent “bloodbath” in performance for a handful of hedge funds.

“Shoot the hostage.” – Keanu Reeves, Speed

“The thing that most affects the market is everything.” – James Playsted Wood While it’s never fun to lose money, the past couple of weeks reminded me once again why I love the stock market. Mr. Market is basically a crazy person that takes pride in frustrating people on a consistent basis. Every investor feels…

Tom Brakke from The Research Puzzle had a really smart take on the investment industry in a piece last week. In the post he discusses how odd it is that so many investment positions are filled but there’s no training involved after the fact: When you hire an experienced analyst, it’s understandable that the employer…