Smart Investing™

An efficient and cost-effective investment management solution for your liquid assets.

Simple Portfolio Value Adds
  • If you are focused on using a smart portfolio approach as we discussed in a previous post, you can create additional returns to your portfolio while using a cost-effective and efficient management strategy. Several studies, including one by Vanguard, have concluded investors can add anywhere from 2-4 percent in excess......

Optimizing Your Portfolio Allocation
  • Smart investors exercise discipline, which sounds practical and unsexy. They focus on strategies that really work over the long term rather than get caught up in short-term events. They also understand the work of behavioral economists on topics like overconfidence, recency bias (decisions based on recent events), home country bias,......

DIY
  • In our last post, we touched on the challenges of outperforming the market. We know the vast majority of money managers do not beat index returns, and the ones that do rarely repeat the feat. The average investor, rightfully, might be tempted to think, ‘hey, I could probably do this......

Fees and Taxes
  • It’s not often that wealth creators and high-income earners get a break when it comes to taxes, but it appears we’ll have one of those rare opportunities in January 2010. There was a relatively little-publicized provision in a 2005 federal tax law that eliminates the income restrictions on the conversion of IRAs......

Passive versus Active Management
  • In my last post, I talked about investments as falling into one of two categories: passive index funds, and actively managed funds. More precisely, investments really fall into four categories or quadrants, drawn by two axes, the (vertical) cost-complexity axis and the (horizontal) strategy axis. The chart above illustrates the......

Goal-Based Investing
  • The bottom line up front: Nobody knows anything. The smartest people who work in the motion picture industry do not know for certain what’s going to be a hit or a flop. “Every time out it’s a guess and, if you’re lucky, an educated one,” wrote William Goldman in “Adventures......

Investor Psychology
  • Even as the economy appears to be stabilizing, there are still plenty of reasons for investors to worry: uncertain markets, continuing bank failures, a changing regulatory environment, persistently high unemployment rates and home foreclosures, and more. I spoke about this in a video earlier this year. The three key points......

Impact Investing/SRI
  • This 2010 conversation with a long-term client about changing his community seems especially helpful today so we’ve reprinted it here: Mark, what makes “changing your community” so important to you?  Should it be important to all of us and if so, why? We live in an imperfect world.  I believe that......