DIY Personal & Retirement Financial Planning
Do-It-Yourself financial and investment planning Excel spreadsheet software
“Market efficiency” makes it very difficult for individual investors to “beat the market.” Making their own decisions, individual investors perform so poorly that on average their investment returns lag behind the returns that one would expect from random stock selection. The average professional trader does somewhat better than amateurs do, and professionals probably do so, […]
Efficient market pricing is the theory that all known information is already reflected in current securities prices. Efficient securities market pricing has become very widely accepted within the investment community. The preponderance of evidence is that securities markets are efficient and tend to reflect available information. Whether you believe markets are efficient is very important […]
< <– Go to Part 4 The Biggest Personal Finance Story of the Past 30 Years – Conclusion Discover Family Financial Planning Software This article concludes our series on the greatest personal finance story of the past thirty years. In this article, we discuss whether the dramatic growth in equity value of the financial services […]
Avoid mutual funds and ETFs with sales commissions and marketing fees Summary: There is no convincing evidence that sales loads and other sales fees charged to investors result in higher mutual fund and ETF performance. In fact, the opposite has repeatedly been proven true with mutual funds, which have a long performance history to evaluate. […]