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. […]
Investing as Simple as Possible Investing made as simple as possible: Buy stocks when you have the money Sell when you need the money Simple and easy. But let’s get into the details to determine what you should do. […]
Should I buy short-term TIPS or just a regular TIPS fund? TIPS, like other governmental bonds, have duration. Duration reflects the investment’s sensitivity to changes in interest rates. Should you buy short-term TIPS or, perhaps, an intermediate-duration TIPS ETF? […]
Direct Indexing or VTSAX? Is Direct indexing a good option for the average DIY investor? The standard of care is VTSAX (or VTI), a 3-fund portfolio, or 6-10 ETFs for factor investing. When will direct indexing be better than […]
Never Sell Low My first advice as the first step of investing is never to sell low. Asset allocation is the most important decision an investor has to make after deciding to invest. Still, a first step before that is […]
Structured Product as a Hedge Are you being sold structured products as a hedge? What is a structured product, and why should you avoid them? Or, if you are convinced that they do offer downside protection, what do you need […]
What is a Buffered ETF? What is a Buffered EFT? Buffer or buffered ETFs have been around since about 2018. The idea: you have some downside protection and a chance at growth. Does that sound familiar? Yup, another structured product! […]
Portfolio Makeover by Jean-Paul Sartre If you are considering retirement in a couple years, it’s time to prepare your portfolio. While “Portfolio Makeovers” are popular, a superficial change in the appearance of your portfolio is not enough. Jean-Paul Sartre […]
How Often Does the Yield Curve Stay Inverted for 2 Years? The yield curve has been inverted for two years, and we have not had a recession. How common is the yield curve to be inverted for so long? […]