Search found 14434 matches

by nedsaid
Mon Apr 12, 2021 12:28 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

Yes, this is definitely possible. Not all investors can access, many of these require access through an advisor and you often have to be an accredited investor. I have invested in REIT funds for years and owned a couple of Timber REITs that trade publicly. I have never owned more illiquid investmen...
by nedsaid
Sun Apr 11, 2021 11:57 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

What else is there to invest in? I don't want to run a business and I don't want to manage rentals. I could do private REITs and structured notes and the like through an Advisor but there are pitfalls to that as well. I could buy Certificates of Deposit at the local bank but they also pay very litt...
by nedsaid
Sun Apr 11, 2021 11:53 pm
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 121
Views: 18203

Re: Latest Thoughts from Larry Swedroe

Bad behavior, cognitive decline, and protection from greedy elder abuse are huge issues. Each on its own can dominate a reasonable advisor fee. It’s important to define one’s realistic personal investing goals and devise a plan that achieves them. Doing that is way more important than simply maximi...
by nedsaid
Sun Apr 11, 2021 11:50 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

As I understand it, reinsurance companies sell slices of their reinsurance portfolio with contracts that would essentially be de facto actuarial risk swaps. There is unlikely to be much of a secondary market for these, so this depends on the interval structure functioning as expected. The asymmetry...
by nedsaid
Sun Apr 11, 2021 11:42 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

For example, bonds have very low yields but there still is not a better alternative to diversify away the volatility of stocks. Must we invest in stocks and bonds? Our stock/bond portfolio only represents our liquid investments. We don't put all of our working investment capital into liquid investm...
by nedsaid
Sun Apr 11, 2021 11:39 pm
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 121
Views: 18203

Re: Latest Thoughts from Larry Swedroe

This article reinforced my thinking regarding having someone else make my investment decisions. I have turned over about 30% of my retirement assets to American Century Private Client Group to see if I like this process. It seemed that older investors with larger balances were more prone to market ...
by nedsaid
Sun Apr 11, 2021 11:27 pm
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 121
Views: 18203

Re: Latest Thoughts from Larry Swedroe

Larry Swedroe @larryswedroe Apr 9 My latest Evidence Based Investor article examines the findings on the performance of investors in 401(k) plans during the COVID-19 bear market. Some surprising (older, more experienced investors did worse) and not surprising findings. A couple nuggets from Larry's...
by nedsaid
Sun Apr 11, 2021 6:30 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

I would like more information about this. Who actually managed the fund and did they use actuaries? It would seem to me that properly valuing reinsurance contracts would be a big part of the business and it is hard for me to believe that Stone Ridge left this out. Sort of like running an actively m...
by nedsaid
Sun Apr 11, 2021 6:27 pm
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 121
Views: 18203

Re: Latest Thoughts from Larry Swedroe

Larry Swedroe @larryswedroe Mar 23 My latest Evidence Based Investor article reviews the research on the relationship between investment wisdom and age. There’s an old adage that with age comes wisdom. But do we tend to become better investors as we age? Unfortunately, research has found that, in g...
by nedsaid
Sun Apr 11, 2021 6:22 pm
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 121
Views: 18203

Re: Latest Thoughts from Larry Swedroe

Larry Swedroe @larryswedroe Apr 9 My latest Evidence Based Investor article examines the findings on the performance of investors in 401(k) plans during the COVID-19 bear market. Some surprising (older, more experienced investors did worse) and not surprising findings. A couple nuggets from Larry's...
by nedsaid
Sun Apr 11, 2021 6:07 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

I think its an interesting discussion. I think we have to look at each asset class and maybe adjust for the current world. I dont know if its a great idea to think we should hold the same assets/diversify in the same way people did 20-50 years ago. I'm also of a mindset of pure growth, and I also h...
by nedsaid
Sun Apr 11, 2021 5:53 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

[...] The next prolonged bear market will bring us to Zero. [...] the three mattress portfolio. [...] the least dirty shirt in the laundry hamper. [...] hahaha Thanks for the hearty laugh. :beer You should definitely publish the book. Maybe it could be a children's book: "Dirty Shirty and the ...
by nedsaid
Sun Apr 11, 2021 5:52 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

Boglehead portfolios used to include TIPS and REITs. Both have been largely abandoned. Now we are abandoning International. In the case of REITs, I think the de-throning was appropriate, given that studies have since shown it's not a distinct asset class, but, rather, a sector of stocks. TIPS and i...
by nedsaid
Sun Apr 11, 2021 2:42 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

I meant to add to my post above, I’m also thinking of moving international index money into VTI/VUG/BTC Which for a noble head seems counterintuitive as US seems really over valued and vxus isn’t and hasn’t performed for crap compared to US for longer than I’ve been investing, and I don’t know if p...
by nedsaid
Sun Apr 11, 2021 10:56 am
Forum: Personal Investments
Topic: Deciding it it's worth it to buy long-term individual stocks
Replies: 57
Views: 5151

Re: Deciding it it's worth it to buy long-term individual stocks

Nearly all of investments are in index funds. I have a tiny # of safe long term holds like AAPL. Nothing high risk. Is it even worth it to continue buying shares in AAPL, for example? I feel as though the $ might be better spent just continuing with whole market funds and taking advantage of compou...
by nedsaid
Sun Apr 11, 2021 10:31 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 74
Views: 7567

Re: “Buy and Hold No More” says A16Z

I certainly don't believe in buy and hold when it comes to TBM. 3 fund portfolio looks outdated to me given a post-QE world. Making a good income as a lender via "safe" fixed income instruments is dead; there is simply too much money in the world now to reward risk-free capital. The 21st ...
by nedsaid
Sun Apr 11, 2021 10:15 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

...But 3 years is very short... Indeed it is. But so is the life span of the average Stone Ridge fund. In about seven years, they have introduced a total of nine funds (reinsurance, US variance, international variance, (global?) variance, alternative lending, longevity, hedged equity, multi-strateg...
by nedsaid
Sun Apr 11, 2021 10:12 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Although it is difficult to distinguish unlucky outcomes from mispricing of actuarial risk with an insurance product, it would not a surprise to me that a fund manager buying slices of reinsurance portfolios but not employing an actuarial staff to value the investments may well have overpaid for th...
by nedsaid
Sat Apr 10, 2021 8:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14295
Views: 1102749

Re: U.S. stocks continue to soar!

abuss368 wrote: Thu Apr 08, 2021 11:19 pm Backing up my truck tomorrow.

Tony
Is your transmission stuck in reverse? :wink:
by nedsaid
Sat Apr 10, 2021 8:37 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

I posted above the last available performance information on all 4 funds, the information is from Bloomberg. You could do a 3 year chart as of early February 2021 based on my data. It wouldn't be perfect but it would give you an idea. I would be interested in seeing the results of your efforts. I t...
by nedsaid
Sat Apr 10, 2021 8:34 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

AVRPX - Stone Ridge All Asset Variance Risk Premium Fund 3 Month Return 1.71% YTD Return 0.70% 1 Year Return -21.17% 3 Year Return -10.78% 5 Year Return -3.02% This isn't the stuff that would make me want to jump out of an office building window. The point is that it was not delivering on its purpo...
by nedsaid
Fri Apr 09, 2021 8:33 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Markets can be very cruel and times of extreme volatility, like March 2020, are times when unique risks show up. Every asset class I am aware of has its own unique risk that rarely occur but are pretty painful when they happen. I have often said that markets have a way of doing the one thing that yo...
by nedsaid
Thu Apr 08, 2021 11:10 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Apparently lots of investors pulled out at one of the interval liquidation points. It was a levered portfolio, so this was like a big margin call. Residual investors and their assets were merged into another Stoneridge fund. Wasn't this an interval fund? If so, this theory being kicked around isn't...
by nedsaid
Thu Apr 08, 2021 10:45 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Apparently lots of investors pulled out at one of the interval liquidation points. It was a levered portfolio, so this was like a big margin call. Residual investors and their assets were merged into another Stoneridge fund. Wasn't this an interval fund? If so, this theory being kicked around isn't...
by nedsaid
Thu Apr 08, 2021 10:43 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

I think bottom line, the Alts were a disappointment but not a disaster. When investment funds are shutdown, they tend to just disappear without much of a trace. They typically disappear from the provider web site and often disappear from investment return databases and datasets so that they stop sh...
by nedsaid
Tue Apr 06, 2021 9:41 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Yes. Certainly, when I bought the fund I was informed that was a risk. More generally, we all appreciate the tenet that correlations go to 1 in a crisis. We usually see the benefits of diversification in a more subtle fashion during calmer times. I don’t think I’m spinning or revising. Now I'm conf...
by nedsaid
Mon Apr 05, 2021 8:02 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Yes. Certainly, when I bought the fund I was informed that was a risk. More generally, we all appreciate the tenet that correlations go to 1 in a crisis. We usually see the benefits of diversification in a more subtle fashion during calmer times. I don’t think I’m spinning or revising. Really impor...
by nedsaid
Mon Apr 05, 2021 7:39 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

ETFs and Mutual Funds have this problem as well. Every asset class has its unique and hidden risks. How do ETFs have this problem? There was a thread on this topic regarding Bond ETFs. Essentially a mismatch between the liquidity of the ETFs themselves and the liquidity of the individual bonds with...
by nedsaid
Mon Apr 05, 2021 5:32 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Has anybody compiled an actual growth chart of what would have happened to $10,000 invested 25% each in QSPIX, AVRPX, LENDX, and SRRIX, starting from the time Larry Swedroe first mentioned this particular allocation? I've tried from time to time but it's complicated due to the Stone Ridge funds' qu...
by nedsaid
Mon Apr 05, 2021 5:30 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

ETFs and Mutual Funds have this problem as well. Every asset class has its unique and hidden risks. How do ETFs have this problem? There was a thread on this topic regarding Bond ETFs. Essentially a mismatch between the liquidity of the ETFs themselves and the liquidity of the individual bonds with...
by nedsaid
Mon Apr 05, 2021 3:19 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Nothing wrong with the concepts or the structure, it was investor behavior that was the problem. I would say if other investors' behavior harms my performance there is a problem with the structure. ETFs and Mutual Funds have this problem as well. Every asset class has its unique and hidden risks.
by nedsaid
Sun Apr 04, 2021 10:55 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Northern Flicker wrote: Sun Apr 04, 2021 5:27 pm
nedsaid wrote: Nothing wrong with the concepts or the structure, it was investor behavior that was the problem.
The investments lacked the liquidity to support investor withdrawal demand adequately.
The whole idea was that investor liquidity would be limited to save investors from their own panic.
by nedsaid
Sun Apr 04, 2021 4:35 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Nothing wrong with the concepts or the structure, it was investor behavior that was the problem. Investors are their own worst enemy, quite often if you just hang in there disappointing performance will take care of itself as the markets do turn. Hard to predict in advance how investors will act. T...
by nedsaid
Sun Apr 04, 2021 4:24 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

You gotta commend Swedroe as the guy makes all sorts of recommendations, takes credit for the good ones and claims bad luck for the bad ones. High ER commodities he recommended did poorly for two decades? Ah that's just low inflation, not his fault. Selling volatility leveraged blew up? Ah that's j...
by nedsaid
Sun Apr 04, 2021 4:07 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

The concepts were great but markets are cruel, very cruel indeed. Cruel is effectively a synonym for highly efficient. That’s why I think it’s important to access this stuff, whether it be reinsurance, momentum, variance risk premium, or some other alt, in what I consider an effectively passive fas...
by nedsaid
Sun Apr 04, 2021 3:57 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

I think it is uncommon for an investment with a 2% expense ratio to be a good bond substitute. What I've seen with alts, and for that matter most investments other than treasuries and t-bills is that when liquidity is in short supply, liquidity risk materializing dominates the short-term return so ...
by nedsaid
Sun Apr 04, 2021 3:51 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

In the days of very low interest rates and perhaps lower future expected returns for equities, one can see why investors are looking beyond the traditional asset classes of stocks, bonds, and cash. So far, champagne wishes and caviar dreams have turned into the Boulevard of Broken Dreams. Even the u...
by nedsaid
Sun Apr 04, 2021 3:33 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

I agree, this was and is a great concept. I think this was a case of good old fashioned panic, which I thought the interval fund structure was supposed to solve. Probably some big investors demanded their money back at precisely the wrong time and Stone Ridge had no choice. This shows that you can'...
by nedsaid
Sun Apr 04, 2021 1:39 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

marcopolo wrote: Sun Apr 04, 2021 1:34 pm It is a genius move.
Now, due to survivorship bias, pretty soon they will be able to show a chart about how x% of their funds have performed well, leaving this failed fund out of their marketing material.
Alas, this is a common industry practice. A very good lesson for small investors.
by nedsaid
Sun Apr 04, 2021 1:34 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

retiredjg wrote: Sun Apr 04, 2021 1:22 pm
nedsaid wrote: Sun Apr 04, 2021 1:18 pm The fund ceased existence in 2021.
Sorry. Brain fluff. :oops:
It happens to be best of us.
by nedsaid
Sun Apr 04, 2021 1:34 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

Things like alternates that seek an investing risk/reward tradeoff opportunity overlooked by the market. They can produce an appealing narrative. Years ago it was asserted by some who promoted alternates that they could deliver equity-like returns and bond-like risk. Reality since then has largely ...
by nedsaid
Sun Apr 04, 2021 1:18 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

It appears to me that the March 2020 volatility blew up this fund... It was gone before the March volatility. Last day seems to have been 2/5. The fund ceased existence in 2021. I was able to get performance information on this fund until just recently. I liked to update the performance records of ...
by nedsaid
Sun Apr 04, 2021 1:12 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

by Steve Reading » Sun Mar 07, 2021 5:33 pm Random Walker wrote: ↑Sun Mar 07, 2021 5:05 pm As you know AVRPX was basically selling volatility insurance. So as expected, when volatility spiked early 2020 it took a hit just like the equity markets did. I think a lot of weak hands sold and the fund fo...
by nedsaid
Sun Apr 04, 2021 12:15 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

It reminds me of the old joke about the Yugo car that it was so dangerous that 10% of its owners died from embarrassment. It appears to me that the March 2020 volatility blew up this fund and that it was folded into another. I was hopeful and yet skeptical about Alternative investments at the same t...
by nedsaid
Sun Apr 04, 2021 11:24 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

by Steve Reading » Sun Mar 07, 2021 5:33 pm Random Walker wrote: ↑Sun Mar 07, 2021 5:05 pm As you know AVRPX was basically selling volatility insurance. So as expected, when volatility spiked early 2020 it took a hit just like the equity markets did. I think a lot of weak hands sold and the fund fol...
by nedsaid
Sun Apr 04, 2021 11:19 am
Forum: Investing - Theory, News & General
Topic: Five Factor Investing with ETFs
Replies: 59
Views: 4625

Re: Five Factor Investing with ETFs

I have chosen to tilt primarily with Size and Value. It is interesting that Small Cap Value has done well in 2021. The iShares S&P Small Cap Value 600 Index ETF (IJS) is up 25.70% year to date, the Vanguard Small Cap Value Index ETF (VBR) is up 18.33%. In contrast, the US Total Stock Market Inde...
by nedsaid
Sun Apr 04, 2021 11:10 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Re: Stone Ridge All Asset Variance Risk Premium Fund

JoMoney wrote: Sun Apr 04, 2021 11:05 am No idea, but I find the name of that fund amusing. I'm sure it's appealing to some, but I got a laugh out of it. The name looks like a satirical joke of all the buzz-words a finance sales guy would say that would signal "avoid" to me.
Well perhaps a Buckingham Client can weigh in.
by nedsaid
Sun Apr 04, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 124
Views: 6098

Stone Ridge All Asset Variance Risk Premium Fund

What happened to the Stone Ridge All Asset Variance Risk Premium Fund (AVRPX)? I no longer see this fund on the Stone Ridge web site. What happened to it? Was it dissolved? Was it sold?

This was one of the 4 Alternative funds recommended by Larry Swedroe.
by nedsaid
Sun Apr 04, 2021 10:48 am
Forum: Investing - Theory, News & General
Topic: In 2020, did the Fed by investment grade corporate bonds?
Replies: 11
Views: 1084

Re: In 2020, did the Fed by investment grade corporate bonds?

The Fed has had a dual mandate of full employment and stable prices. It appears that since 2008 that a third has been added, that is providing liquidity to the U.S. Bond Market.
by nedsaid
Sun Apr 04, 2021 10:43 am
Forum: Investing - Theory, News & General
Topic: Risk Less Make More - Jonathan Clements
Replies: 34
Views: 3773

Re: Risk Less Make More - Jonathan Clements

Jonathan Clements point about lump sum investing vs. dollar cost averaging a windfall into the stock market echoes what I have been saying. He prefers dollar cost averaging. Good to see that someone agrees with me.