Larry MacDonald found an academic study showing that pension funds outperform indexes. I asked Larry Swedroe about this study and his first reaction was that the results can be explained by momentum effects. We'll see if he expands on his thinking in an upcoming entry on his Wise Investing blog.
Jason Zweig reports that some bond fund assets are used to bail out borrowers.
Money Smarts explains that portfolio rebalancing is for controlling volatility rather than maximizing returns.
Canadian Capitalist and Canadian Couch Potato defended index investing against some criticism. Balance Junkie replied, and The Blunt Bean Counter took a 1000-foot view of the whole debate.
Retire Happy Blog tries to tackle the difficult issue of what returns you can expect from the stock market when planning for retirement.
Preet Banerjee says he can’t forecast the future price of gold, but he is sure that you shouldn’t mail you gold to someone who might pay you less than half of what it’s worth.
Big Cajun Man says that his staycation isn’t as cheap as he’d like.
Million Dollar Journey surveys the top U.S. dollar credit cards in Canada.
How to Invest Online takes a look at various ways of expressing the damage that costs can do to your portfolio.