"Much of how successfully crypto assets can be properly integrated into conventional investment portfolios will depend on how tools from modern portfolio theory (MPT) can be utilized."

Annual Returns for Key Indices Ranked in Order of Performance (2002–2021)

Imbalances: US equities have lost c. 75% of their value vs bonds from 1971 until 2016

Why should long-term investors care about market forecasts? Vanguard, after all, has long counseled investors to set a strategy based on their investment goals and to stick to it, tuning out the noise along the way.

There is a significant gap between dividends’ reality and how many investors envision them.

More than two centuries of data confirms that value, momentum and low risk offer attractive premiums. These are consistent across various market and macroeconomic scenarios.

Value’s recent strong performance has led many investors to question whether they’ve missed the boat. Here’s why we think they haven’t.

The great Milton Friedman famnously referred to inflation as a disease.

Ranked in Order from the Highest to the Lowest Performance

Annual Returns for Key Indices Ranked in Order of Performance (2001–2020)

The Hazards of Asset Allocation in a Late-Stage Major Bubble

S&P 500: 1825 - 2020

A tiny proportion of stocks account for most of the market’s returns. This makes it vital to embrace trends when investing, say portfolio manager Steef Bergakker and trends analyst Sam Brasser.

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Value stocks have lagged growth stocks for some time, but the disparity has become particularly acute this year.

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Is it really that simple?

"...their share prices could still go nowhere over many years."

“The rich get richer and the poor get poorer.” This famous adage has its roots in a biblical verse in the Gospel according to Matthew 25:29: “For to everyone who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away .”

While it is, of course, a cliché to say that markets are driven by fear and greed, like many clichés this one contains a strong element of truth. The bad news for us humans is that within our brains, emotion appears to have primacy over cognitive function.