Is cash an investable asset class or not? I say it is not. Cash should be used as either an emergency fund outside of a portfolio (in a bank) or as a tactical position for those who choose to be tactical. But as a permanent sleeve of an asset allocation portfolio, we do not believe…

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $44 billion and counting that advisors manage on the Riskalyze platform*. I…

Lots of guys and gals went home this weekend thinking about the implications of the recent rise in the 10-year Treasury bond’s yield. Chris Kimble notes it was the biggest 5-week rate rally in twenty years!   So are we bumping along the bottom or is a new longer term uptrend in its nascent stages?…

Rick Ferri has a new book coming out that I can’t wait to read. In the meantime, here’s something he put together illustrating the three costs that investors must control if they’re going to be successful… Figure 1: The Investment Cost Triangle with Components Some costs in Figure 1 are easy to identify and quantify…

The world is a risky place and the financial markets seek to reflect those risks every day. It is not until you begin to understand the nature of risk that you learn how fantastic it is as an opportunity creator. When most people consider investing risk, they focus on how much they can lose in…

Don’t try to buy at the bottom and sell at the top. This can’t be done — except by liars.