The NCAA Basketball “March Madness” Tournament offers plenty of investment parallels. After the entries are submitted and the tournament is completed, a winner is crowned. Does the “winner” have more skill than others – or is it just luck?
The cost of a college education continues to rise faster than general inflation, making saving for a child’s future education a daunting task. Fortunately, state-sponsored college savings programs known as “529 plans” help families meet this challenge.
A trustee’s duties may require expertise in collecting estate assets, filing tax returns, managing investments and interacting with trust beneficiaries. Determining whom to appoint as trustee is an important decision.
Studies show the lion’s share of a portfolio’s performance is due to its asset allocation. Accordingly, many investors keep a watchful eye on their mix of stocks, bonds, real estate and cash. But few investors pay much attention to asset location. Doing so, however, can help reduce their tax bill
In the 1960’s, Professor Eugene Fama of the University of Chicago coined the term “efficient market” to describe a world in which no investor can consistently beat the market without taking greater risk. Today, he’s a Nobel Prize-winner.