Tag Archives for " Wealth Management "

Mar 25

Book Review: Your Complete Guide to a Successful & Secure Retirement, Larry E. Swedroe & Kevin Grogan

By Steven Smith | Peak Thoughts , Uncategorized

One of the great influences in my practice has been Larry Swedroe. (Another, of course, was the late John Bogle). Fifteen years ago, I started this practice by giving away copies of one of Larry’s first books, The Successful Investor Today, 14 Simple Truths You Must Know When You Invest (St. Martin’s Press 2003). (I […]

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Sep 07

Fidelity’s Zero Cost Index Funds – Much Ado About Nothing?

By Steven Smith | Investment Management , Meanderings , Wealth Management

On August 1, 2018, Fidelity Investments, by introducing two zero-management fee index funds, seemingly fired a shot across the bow of the 18th century vessel that is Vanguard’s vaunted logo. For over forty years, Vanguard, the shareholder-owned behemoth has led the way in reducing the cost of investing to a level approaching zero. The Admiral […]

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Aug 25

Supreme Court Gives Two Thumbs Up to Modern Portfolio Theory

By Steven Smith | Investment Management , Meanderings , Money , Risk Management , Wealth Management

In our estimation, the last week of the United States Supreme Court’s 2013/2014 term was a watershed for Modern Portfolio Theory and the Efficient Market Hypothesis; two essential components in the notion that publicly available information is rapidly incorporated into the prices of securities traded in a robust public market. For a generation now, intelligent […]

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