Whelp… it looks like index funds didn’t save CalPERS. Back in 2014, the California pension systems (CalPERS and CalSTRS) yanked a bunch of money out of actively managed funds and shoved them into passive index funds. Yay passive investing. Uh. Wait. CalPERS and CalSTRS are still underfunded and still not making headway, aren’t they? Yes, they […]
Why financial advisors don’t help you save more money
It’s my friggin’ Birfday. Howzabout that? Happy birthday to me. And what do I get for my birfday (other than awesome presents from the wifey)? More grief. Here’s what I mean: After working with financial planners for over 13 years, I’ve learned just how futile their attempts are at getting people to save money. Some […]
Investment returns vs risk capacity
Cornerstone Investment Services put out a piece a while back that showed the average annual rate of return for the S&P 500 (THE stock market of stock markets) since 1871 is about 5.63% to 5.85%, depending on where you source the raw data from and how you interpret that data. MOAR: Vanguard has a report […]