Bullet Bond ETFs
Bullet Bond ETFs Your asset allocation has risk on one side and safer assets on the other. For instance, a 60/40 portfolio has 60% Stocks and 40% Fixed Income. Different ways of structuring your safer part of the portfolio […]
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Breadth, Momentum, and Asset Allocation
Breadth, Momentum, and Asset Allocation Around Retirement Lazy, low-cost, broadly diversified ETF investors are momentum investors in disguise. Cap-weighted ETFs (such as VTI or VOO) use a momentum factor. Since they are cap-weighted, the better a stock does, the […]
Early Retirement Plans for Physicians
Physician Early Retirement Plans Physician early retirement is not a novel idea, but perhaps one that now has a more developed framework. It is an idea whose time has come: take back the keys to your j.o.b. and work […]
Callan Chart 2024
Callan Chart 2024: Two Decades in Review The Callan Chart is evidence that humans are pattern-seeking animals. From Rorschach tests to stuff seen in clouds, we seek to impose structure and design where there is none. So, too, with investors […]
Long-term Real Returns of Stocks, Bonds, and Cash
What are the Long-term REAL Returns? Everyone is currently worried about inflation, especially those about to retire. A poor Sequence of inflation is a retirement risk and hyperinflation (and deflation) are economy killers. But let’s not be pessimistic! The question […]
Time for Large Cap Value?
Do I need more Large Cap Value? Most people are underweight Large Cap Value in their portfolio. I dived deep into my US equity holdings but am underweighting large value. Is there a large value premium that should have me […]
‘Identity Bridging’ in Retirement
‘Identity Bridging’ in Retirement Let’s face it—some people are scared to retire. It’s not a matter of what to do with the time; it is a matter of what my identity is in retirement. Who am I once I retire? […]
Money is Fungible
Fungible and Asset Location Money is Fungible. Fungible is a funky financial term. Fungible means interchangeable. Or substitutable. A dollar bill in D.C. is the same as anywhere else. Indeed, $10 is worth two five-dollar bills or ten one-dollar bills. […]
Imposter Syndrome during Retirement
Imposter Syndrome and Retirement “Face it Til You Make It” is the cure for imposter syndrome. It is an obvious variation of fake it til you make it. We all face high-stress situations when we feel inadequately prepared. Imposter […]