You won’t find two people with more different approaches to long-term investing than Warren Buffett and John Bogle. Buffett has made billions selecting stocks (even while strongly endorsing index funds for retirement). John Bogle, the founder of Vanguard Group, built his name on not selecting stocks. He didn’t invent passive index funds, but he sure has… Continue reading →

Here are a pair of seemingly random investment news headlines. See if you can spot the connection. Warren Buffett, the iconic billionaire investor, has invested nearly $1 billion into the oil business since the start of 2016. Meanwhile, oil market experts are warning that 99-cent gasoline is a real possibility. Do you see the clear… Continue reading →

Retirement investors likely have read about active investment managers and hedge fund chiefs who warn of the growing “danger” of index fund investing. Indexing does well in bull markets, they charge, but stumbles in bear markets. You’ll make more trading against indexers in downturns, they claim. Further, they argue, index funds foster complacency among investors. To which John Bogle, founder… Continue reading →

John Bogle, the father of passive investing, has this very simple piece of advice for anyone seeking to make their money grow. Don’t try so hard. When you make investing into work, inevitably you run the risk being wrong and losing big money. In fact, he uses the same words as Charley Ellis, a member… Continue reading →

My partner and Rebalance Managing Director Scott Puritz recently gave an interview to USA Today sure to raise the hackles of thousands of retirement advisors: The typical 60/40 stock-and-bond portfolio is fast becoming a problem for millions of American savers. The idea, which dates back decades, is to hold about 60% of your retirement portfolio in stocks and… Continue reading →

You’re a recent college graduate. Now that you’ve started your first job, you’re probably wondering how to spend some of that new salary. A vacation? A car? Maybe you should be thinking instead about saving for retirement. That’s right. It’s time to put money away — ideally 10% to 20% of your annual take-home pay… Continue reading →

Whatever you think of Donald Trump the presidential candidate, Donald Trump the TV personality or Donald Trump the businessman, there’s little doubt he is rich — private-jet-and-helicopter rich. A lot of smart people have tried to nail down exactly how rich. The consensus seems to be somewhere between almost $3 billion (the estimate from Bloomberg News)… Continue reading →

What’s the difference between speculating and investing? For millions of people, it’s the real-world difference between retiring on time or working years longer than they had expected. J.P. Morgan recently published data that shows a diversified portfolio over two decades returning a solid 8% annually to the investor. Yet the typical small investor in that same time… Continue reading →

In all of my years of investing, I have never seen a vehicle as tax efficient as exchange-traded fund (ETFs), particularly when they are held in a thoughtful portfolio and regularly rebalanced. ETFs beat the tar out of mutual funds and individual stock holdings, and you owe it to your heirs — if not yourself… Continue reading →