Many Ways to Under-perform a 60/40 - And How to Get Better

Many Ways to Under-perform a 60/40 - And How to Get Better

Nothing sounds simpler than earning the return of a simple 60/40 strategy, right? Just buy two ETFs at Vanguard, Global Stock and Global Bonds, for a combined 14 basis points fee, re-balance quarterly and you are done, right? The reality for most investors could not be further from this.

Thoughts on Factor Investing

Thoughts on Factor Investing

The question I get asked the most during the past twelve months is “Why are factors not working?” Here are my top 12 personal thoughts on the topic—informed by 15+ years of successfully “factor investing”.