It’s hard enough to save for a house, tuition or retirement. So why are so many Americans willing to pay big fees for subpar investment returns? In this Freakonomics podcast, experts explore the flaws of active investing and the superiority of the low-cost index fund.
The cost of owning and renting a vacation home can be much higher than initially anticipated. Here’s what you need to know before you buy.
Beating par in golf is extremely difficult—even for elite pros. It’s the same in investing. With golf’s US Open Championship underway, Vista’s Dougal Williams reminds readers that when it comes to long-term investing, par wins.
According to Princeton professor of economics, Burton Malkiel, “there is no better way for individuals to invest in the stock market and save for retirement.” (subscription required)
The endowment performance of tiny Houghton College recently outpaced that of Harvard, which boasts the largest university endowment in the country. How did Houghton do it? By avoiding hedge funds and exotic alternatives, and instead embracing low-cost index funds.
Nevada’s $35 billion state pension plan has regularly outperformed some of the country’s largest and most sophisticated plans. The Wall Street Journal’s Timothy Martin explains how: By doing as little as possible, usually nothing. (subscription required)