Recent content by mmoody95

Factual correction Factual correction: Wordpress blogs do not take ads. We get no ad dollars whatsover. Your assumptions about my motivation are completely incorrect. In truth, I did this out of the goodness of my heart. I used to teach, and I still do a lot of coaching. I enjoy it...

Index Turnover Wrong and wrong. "Turnover of the portfolio is defined as the market value of securities sold out of the portfolio as a percentage of the portfolio's total market value. The turnover rates for the indexed TSE 300 and the S&P 500 funds are 8.2% and 8.3%, respectively." [This...

In answer to your question, I discovered this board from a trackback link at Wordpress for our blog. I didn't know it existed before. Wordpress shows you the links for anyone who posts your article links.

Good luck to all! It's clear that some respondents either did not read and/or understand the Blackstar Funds research piece or my blog post. One of the main points was that index funds are actively managed. The returns that you love so much are due to active management! Indexes replace...

As I'm sure you know, an investment advisor is legally prohibited from making guarantees of any kind. Of course, an index fund can probably assure you of NOT beating the market, since, by definition, they will provide the index return minus fees. There are return factors that have demonstrated...

The "commercial" link that was deleted was the link to our blog, from which the original article came. Oops. Didn't realize that would be a problem.

Ken French's data library is here: http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html You can see that momentum factors outperform. So do some value factors. I apologize for missing the link in the article, but Google is pretty handy.

Article Reception I'm intrigued by the very hostile reception to this article, and I'm a little concerned that the main points are being missed. 1. buy-and-hold typically loses money, according to both Bernstein/DFA and Blackstar Funds. No controversy there. 2. the reason indexing works...