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Frugal Headlines powered by

 10/04   Style swappingStingy Investing 
 10/03   How not to wipe out with momentumMomentum 
 10/03   The active share debateAcademia 
 09/27   Mansion owners who plead povertyGovernment 
 09/20   What's in it for your adviser?Stingy Investing 
 09/20   TFSAs and OASRetirement 

Frugal News

Style swapping
10/04/15   7:58 PM ESTStingy Investing
"It's been a hard year for Canadian value investors. Those who wisely steered clear of the resource sector might be down only a little bit. But others will have to do some belt tightening this Thanksgiving." [$]
More Stingy Investing: Can I have some more yield, please?
What's in it for your adviser?

How not to wipe out with momentum
10/03/15   5:34 PM ESTMomentum
"Front runners and high transaction costs, a function of the strategy's required high turnover, largely destroy the potential benefits of a momentum-based passive portfolio."
More Momentum: Two ways to improve momentum
Momentum investing shouldn't work

The active share debate
10/03/15   5:33 PM ESTAcademia
"There is an interesting discussion in the geeky world of academic finance literature between the intellectual muscle at AQR and academia."
More Academia: High failure rates
Watch prices and the industrial revolution

Mansion owners who plead poverty
09/27/15   12:26 PM ESTGovernment
"The tax unfairness caused by the growing phenomenon of mansion owners alleging poverty can be traced largely to Canada failing to catch trans-national migrants who refuse to report their total global income at tax times."
More Government: OPEC of maple syrup
Wishful thinking

What's in it for your adviser?
09/20/15   8:04 PM ESTStingy Investing
"If you stick to a fairly conservative mix of Canadian bonds - like that offered by the Vanguard Aggregate Bond ETF - you'll likely get similar yields on a before-fee basis. Thing is, the average annual fee for the portfolio I was looking at was 2.1 per cent. Subtract the fee from the expected yield of 1.9 per cent and the investor might expect to lose about 0.6 per cent annually on the bonds. That's not much of an investment." [$]
More Stingy Investing: The state of Canadian dividend stocks
Three years of Strategy Lab

09/20/15   5:55 PM ESTRetirement
"One of the most intriguing facets of last week's leaders. debate was the determination with which all candidates steered clear of two issues that directly affect your personal bottom line. Anyone listening to the debate would have no clue that ordinary folks feel at all attached to their tax-free savings accounts (TFSAs) or Old Age Security (OAS)."
More Retirement: How has the 4% rule held up
False assumptions by Ontario pension planners

Buying organic is a waste of money
09/05/15   12:58 PM ESTThrift
"The science available thus far says any additional nutritional benefits from organic produce, compared with conventional, are very small."
More Thrift: Why we hate cheap things
Frugal millionaires

Chou Semi-Annual 2015
09/02/15   11:42 PM ESTValue Investing
"The current conditions make me feel that investors are being set up for heartbreaking disappointment, especially for the unwary."
More Value Investing: A value asset allocation strategy
Why people repeat financial errors

Why we hate cheap things
09/02/15   11:41 PM ESTThrift
"There are two ways to get richer: one is to make more money; and the second is to discover that more of the things we could love are already to hand (thanks to the miracles of the Industrial Revolution). We are, astonishingly, already a good deal richer than we are encouraged to think we are."
More Thrift: Frugal millionaires
Watch for traps on high interest savings

We still have a buck in the till
08/30/15   12:49 PM ESTDebt
"There will be failures among energy producers, and that could include nations. Failures with each will be temporary as debts get worked through/compromised and new management takes over, and high cost supply gets shut down. The question is: who will fail and who won't."
More Debt: Hate debt again
World is right to worry about US debt

Stick to low-fee funds
08/22/15   8:13 PM ESTStingy Investing
"Fund investors improved their market timing according to a recent study But they still underperformed their funds by an average of 0.54 percentage points annually from 2004 through 2014."
More Stingy Investing: Try the hot potato
Buffett's winning wager

OPEC of maple syrup
08/22/15   8:12 PM ESTGovernment
"While Mr. Trepanier studiously avoids calling the organization a cartel, he has described it as the OPEC of maple syrup in the past, referring to the group of oil-producing countries."
More Government: Wishful thinking
How Chicago used financial engineering

Stock buybacks draw scrutiny
08/16/15   12:24 PM ESTMarkets
"Is the government really going to outlaw buybacks, which over the past decade have become one of the business world.s favorite corporate finance tools? On its face, the issue may seem like a nonstarter. But a growing debate has emerged around the topic of buybacks that increasingly has Wall Street and corporate America worried."
More Markets: Inflation and market returns
A survey of equity valuation models

Mind the gap 2015
08/16/15   11:48 AM ESTBehaviour
"Overall, the average investor return across all funds was 5.61% for the cheapest quintile and 3.28% for the priciest. The gap was 80 basis points for the cheapest quintile and 179 basis points for the priciest."
More Behaviour: Timing poorly
A kinder philosophy of success

Buffett's winning wager
08/16/15   11:28 AM ESTStingy Investing
"Take a trip to Garrison Keillor's Lake Wobegon and you'll discover that all the children are above average. Similarly, most stock pickers believe they're above average, too. But the market has a habit of proving them wrong."
More Stingy Investing: Dividend stocks aren't immune from downturns
Ride out market tempests

Alpha wounds
07/30/15   10:01 PM ESTFunds
"Chief among the alpha wounds is that the benchmark tail wags the portfolio management dog. What I mean is that benchmarks were supposed to be the foundation for understanding a portfolio manager's performance after the fact. Instead the investment industry evolved so that benchmarks are now the navigational compass for investment managers before the fact."
More Funds: Advisors behaving badly
Cliff Asness interview

The minimum-wage muddle
07/25/15   :9:41 PM ESTEconomics
"Raising the minimum wage will produce winners among job holders from all backgrounds, but it will disproportionately punish those with the lowest skills, who are least likely to be able to justify higher employment costs."
More Economics: What's wrong with finance
A liberal heretic contradicts Piketty

Housing market still not rational
07/25/15   9:39 PM ESTReal Estate
"The housing market is another matter. It is far less rational than even the often irrational stock market, for a couple of important reasons. First, most investors find it difficult to understand how housing supply responds to changes in demand. Only a small minority of people think carefully about such things. Second, it is very hard for the minority of smart-money investors who do understand such matters to bet against bubble-level prices in real estate markets. In housing, the smart money has relatively little voice."
More Real Estate: What's scary about mortgages in Canada
Sell Oakville, buy Windsor

Index funds may work too well
07/25/15   9:37 PM ESTIndexing
"I have a good laugh every now and then about the people who think that index funds should be illegal because they make companies less competitive, but honestly it's a nervous sort of laughter. Those people are up to something, something so big and interesting that it makes them nervous too."
More Indexing: In defense of active investing
Is it time to dump market-cap weighting?

Ride out market tempests
07/12/15   10:09 AM ESTStingy Investing
"diversified portfolios often sail through storms in reasonably good shape. Sure, it can be hard to watch them slip underwater for a few years. But they'll likely emerge and grow again. It's something to keep in mind when you're on the beach this summer and the storms come in." [$]
More Stingy Investing: Extreme saving gone wrong
Check your risk

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