WCICON2024Hear from Michael George during the White Coat Investor Physician Wellness & Financial Literacy Conference on February 5th-8th 2024! TO REGISTER >
High Rates Don’t Put the Brakes on StocksSome investors have asked if stocks make sense in a world where short-term US Treasuries are yielding north of 5.5%.1 These investors can take solace in the historical evidence, which suggests that interest rates have not been meaningful predictors of stock returns.
Long-Term Investors, Don’t Let a Recession Faze YouInvestors may be tempted to abandon equities and go to cash when there is a heightened risk of recession. But research has shown that stock prices incorporate these expectations and generally fall in value before a recession even begins.
2024 WCI ConferenceWe are excited to announce that our founder, Michael George, has been chosen as a speaker for the White Coat Investor Physician Wellness & Financial […]
When It’s Value vs. Growth, History Is on Value’s SideHistorically, value stocks have outperformed growth stocks in the US, often by a striking amount.
Introducing AvantisFor the last two decades we have trusted the majority of client equity assets to DFA. When we heard that the former co-CEO of DFA […]
The Rewarding Distribution of US Stock Market ReturnsAnnual stock market returns are unpredictable, but the long history of positive returns may be reassuring to investors who find market downturns unsettling. The stock […]
Swing in Small Value Stocks Shows Benefits of Staying the CourseSmall value stocks have outperformed over the long term, but returns can vary over time. A 13-month span showed how quickly the premiums can appear.
Market BriefingAugust 2023 U.S. equities continued to advance in July with the small and mid-cap sectors of the market, on average, outpacing the largest capitalization stocks. […]
How Often Do Small Cap, Value, and High Profitability Outperform?Going back decades, the premiums were positive over most short periods. But a longer-term focus boosts the odds of rewarding outcomes.
The Cost of Trying to Time the MarketThe effect of being out of the market for even a short time can be profound—missing a period of strong returns can drastically impact overall performance.
Market BriefingJuly 2023 U.S. equities were broadly higher in June with the small and mid-cap sectors of the market, on average, outpacing the largest capitalization stocks. […]
Celebrating Groundbreaking Research with Giants of Finance: Robert Novy-MarxIn the third of three conversations, we hear from Robert Novy-Marx about finding profitability as a driver of expected stock returns 10 years ago.
Will Inflation Hurt Stock Returns? Not Necessarily.Investors may wonder whether stock returns will suffer if inflation keeps rising. Here’s some good news: Inflation isn’t necessarily bad news for stocks.
Staying the Course with Value StocksAfter a strong year for the value premium, investors are curious about what that means for value performance for this year. Staying consistent in your […]
Market BriefingJune 2023 U.S. equities were mostly lower in May with the largest capitalization stocks, on average, gaining slightly while the mid and small cap sectors […]
Markets Don’t Wait for Official AnnouncementsSome investors may worry about the stock market sinking after a recession is officially announced. But history shows that markets incorporate expectations ahead of the […]
Mind over Matter: Perspective for Investors on the US Debt CeilingThe debt ceiling is the amount of money Congress has authorized the government to borrow. The ceiling has been raised 78 times since 1960. It’s […]
The Bumpy Road to the Market’s Long-Term AverageThe US stock market has averaged about a 10% annual return since 1926, but it’s usually well above or below that mark in a given year. Understanding the range can help investors ride out the ups and downs.
2023 Matrix BookWhat does a century of economic cycles teach investors about investing? DFA’s interactive exhibit examines how stocks have behaved during US economic downturns.
Market BriefingMay 2023 U.S. equities posted a second month of mixed results in April with the largest capitalization stocks, on average, continuing higher while the mid […]
Market BriefingApril 2023 U.S. equities had mixed results in March as the largest capitalization stocks, on average, were higher while the mid and small cap sectors […]
Dimensional Ranked No. 1 in Barron’s ‘Best Fund Families of 2022’Dimensional is No. 17 on Barron’s “5-year Ranking” of fund families and No. 7 on its 10-year list, the longest time horizon included.
FPLCM Earns Globally Recognized CEFEX CertificationFPLCM is honored to announce their certification with CEFEX, the Centre for Fiduciary Excellence, LLC.
Market BriefingJanuary 2023 U.S. equities were broadly lower in December with declines across all capitalization sectors. Economic headlines indicated areas of both strength and weakness. November […]
Market Returns through a Century of RecessionsWhat does a century of economic cycles teach investors about investing? DFA’s interactive exhibit examines how stocks have behaved during US economic downturns.
Market BriefingAugust 2022 U.S. equities enjoyed a strong rebound in July with gains extending across all capitalization sectors. This was despite the expectations of continued Fed […]
Market BriefingJuly 2022 U.S. equities suffered broad declines in June with losses extending across all capitalization sectors. The persistent high inflation and concerns that Fed rate […]
Wharton professor Jeremy Siegel says that the S&P 500 has likely already priced in a recession, so ‘we’re closer to the lows than the highs’The S&P 500 has likely already priced in a recession, according to Jeremy Siegel, which should limit the extent to which the index can fall […]
Market BriefingJune 2022 After some sharp daily declines, U.S. equities rallied back toward the end of the month to finish higher in May. Small and mid-cap […]
Market BriefingMarch 2022 U.S. equities had mixed results in February with small and mid-cap equity indexes posting modest gains while large caps declined. The negative market […]
Market BriefingJanuary 2022 Equity indexes advanced in December with the large, mid and small cap segments of the market all enjoying strong gains. Economic news headlines […]
Trading at Dimensional: The Flexibility to Find a Better PriceBeing selective about when to buy and sell securities can lead to better execution prices—and better returns for investors.
Market BriefingDecember 2021 Equity indexes declined in November. However, large cap stocks continued their recent outperformance relative to mid and small cap stocks. Economic news headlines […]
Dimensional Lowers Fees on Mutual Funds and ETFsDimensional Fund Advisors, a global leader in systematic factor investing, will reduce management fees across 47 mutual funds and three exchange-traded funds (ETFs), effective February […]
Market BriefingNovember 2021 Equity indexes posted strong advances in October with large cap stocks outpacing mid and small cap stocks. Economic news headlines were mostly positive […]
Market BriefingOctober 2021 Equity indexes retreated in September with large cap stocks declining more than mid and small cap stocks. Economic news headlines were mixed for […]
Market BriefingSeptember 2021 Stock averages advanced in August with large cap issues continuing to outpace mid and small cap stocks. Economic news headlines were mostly positive […]
Market BriefingAugust 2021 Stock market averages posted mixed results in June as economic headlines had investors vacillating between favoring cyclical or growth issues and ultimately choosing […]
Swing in Small Value Stocks Shows Benefits of Staying the CourseReturns can vary over time, but small value stocks have outperformed over the long term. A recent 13-month span showed how quickly the premiums can appear.
The Numbers Are In: Flexible Trading Helps Across MarketsFor over 40 years, Dimensional has employed a systematic and cost-effective approach to capture every bit of return they can for clients, in the real world.
The Cost of Trying to Time the MarketThe impact of missing just a few of the market’s best days can be profound, as this client-ready data visualization of a hypothetical investment in the stocks that make up the S&P 500 Index shows.
Out of Bounds: Style Drift in the Russell 2000 Value IndexOutsize index fund positions in meme stocks draw attention to the style drift arising from infrequent rebalancing. Small cap value index fund investors may have […]
Market BriefingJuly 2021 Stock market averages posted mixed results in June as economic headlines had investors vacillating between favoring cyclical or growth issues and ultimately choosing […]
Wes Crill in the Financial Times: Small Cap Value Rebound ‘Good News’ for InvestorsWes Crill, Head of Investment Strategists and Vice President, spoke to the Financial Times about the “close to unprecedented” rebound of small cap value stocks […]
Market BriefingJune 2021 After some volatile trading sessions for May, stock market averages finished in positive territory with the small and mid-cap segments outpacing the gains […]
Do Downturns Lead to Down Years?Stock market slides over a few days or months may lead investors to anticipate a down year. But the US stock market had positive returns […]
Why Investors Might Think Twice About Chasing the Biggest StocksAs companies grow to become some of the largest firms trading on the US stock market, the returns that push them there can be impressive. But not long after joining the Top 10 largest by market cap, these stocks, on average, lagged the market.
Market BriefingMay 2021 Stock prices moved higher in April with positive average performance across market capitalization sectors. The news headlines during the month continued to reflect […]
Mutual Fund LandscapeThis annual report documents the power of market prices by assessing US-based mutual fund performance relative to benchmarks over multiyear periods. The exhibits include data […]
Market BriefingApril 2021 Stock prices continued their advance in March with average performance about equal among the market capitalization segments. Economic news was mostly positive during […]
What History Tells Us About The Market and Control of US CongressNearly a century of US stock market returns suggests that making investment decisions based on control of the chambers of Congress is unlikely to lead […]
iQ401k Becomes White Coat Investor’s Retirement Plan ProviderWe are excited to announce that iQ401k (division of FPL Capital Management) has been selected as the retirement plan service provider for the White Coat […]
Direct Lending Strategies Rise in PopularityDirect lending strategies become increasingly popular as investors seek income in today’s low interest rate environment. Learn about the features of direct lending.
Blackstone, Starwood Capital Team Up in $6 Billion Purchase of Extended StayThe two investment firms agreed to evenly split ownership of hotel operator Read the full article >
Tales from the Crypto: How to Think About BitcoinWith its dramatic price changes, bitcoin may be catnip for traders. But those in search of a sound investment may want to ask some hard […]
Market BriefingMarch 2021 Stock prices were moderately higher, on average, in February. Small capitalization stocks continued their recent outperformance over mid and large cap stocks. Economic […]
Gerard O’Reilly in the Financial Times: Why Markets Are Still Efficient Even with Tesla’s GainsStock prices remain our best prediction of the future amid continuing technological change.
Starwood Real Estate Income TrustLearn more about Starwood Capital’s real estate expertise and the investment strategy behind SREIT.
Flexibility in Practice: How We Handled GameStopDimensional’s daily process allowed us to respond in real time to wild swings in GameStop’s stock price, which is an advantage of Dimensional’s approach versus […]
Think Investing Is a Game? Stop.With swings by GameStop stock grabbing headlines, this is probably a good time to mention that investing and gambling are not the same thing.
The Bumpy Road to the Market’s Long-Term AverageThe US stock market has averaged about a 10% annual return since 1926, but it’s usually well above or below that mark in a given year. Understanding the range can help investors ride out the ups and downs.
FANMAG: Because FAANGs Are So YesterdayIt’s tempting to chase the dazzling returns posted by Facebook, Amazon, Netflix, Microsoft, Apple, and Google. Here’s why we believe investors should be cautious.
Market BriefingFebruary 2021 Equities turned in mixed price performance in January with small capitalization stocks outperforming mid and large caps. The tumultuous political events early in […]
Gauging Market Expectations?No matter what’s driving a stock spike, it’s important to remember what price changes tell you about expected returns.
Tesla’s Charge Reveals Weak Points of IndexingIndexing can sometimes leave returns on the table. The latest evidence? The stock price of the iconic electric-car company Tesla soared before joining the widely […]
Market Review 2020: Looking Back on an Unprecedented YearThe tumult of 2020 showed that markets continue to function and people can adapt to difficult circumstances, even in the face of extraordinary challenges.
Market BriefingJanuary 2021 Stocks continued to advance in December with small capitalization stocks maintaining their outperformance over mid and large caps seen in the prior month. […]
Market BriefingDecember 2020 Stocks powered higher in November with smaller capitalization stocks leading the way. Indexes representing small caps outpaced the mid and large caps for […]
RealAccess: Global Insights for Real Estate InvestorsWhat’s the future of real estate investing? Access insights informed by 85 years of real estate expertise.
Market BriefingNovember 2020 After a relatively volatile month, stock prices posted a mixed finish for October. Indexes representing the larger capitalization segment of the market ended […]
How US Stocks Have Behaved in an Election MonthPresidents are just one factor potentially affecting markets. History going back to 1926 shows returns in months when presidential elections took place don’t reflect any […]
Dimensional Reduces US Mutual Fund Management FeesDimensional will reduce management fees across 33 equity mutual funds, representing a 15% reduction on an asset-weighted basis* for the impacted funds. For a full […]
How Much Impact Does the President Have on Stocks?It’s natural for investors to seek a connection between who wins the White House and which way stocks will go. But a look at history […]
Michael George’s Interview with Jeff Weniger of WisdomTreeListen to Michael George’s interview with Jeff Weniger, CFA, Director at WisdomTree and co-author of “Market Insights: Planning For Potential 2020 Election Results” as he […]
An Exceptional Value PremiumIt’s probably not news to most value investors that the value premium has struggled over the past decade. What might be news is just how […]
Market BriefingStock prices reversed course from recent months, as U.S. index averages finished September with a decline. Despite some positive economic news, market sentiment was deflated […]
How Much Impact Does the President Have on Stocks?The anticipation building up to elections often brings with it questions about how financial markets will respond. But the outcome of an election is only […]
The Future of Office…Or the Office of the Future?John McCarthy, CEO, Starwood Real Estate Income Trust COVID-19 has brought great uncertainty and change, which has impacted virtually every aspect of our daily lives. […]
Is the Stock Market Divorced From Reality?This year’s turmoil has inflicted hardships on some firms while presenting opportunities for others—and the stock market is behaving as we might expect.
Dissecting AnomaliesFama and French’s 2008 paper, “Dissecting Anomalies,” outlined their study that found sizeable annualized premiums for various investment factors. The study called momentum “the premier […]
Market Returns Through a Century of RecessionsWhat does a century of economic cycles teach investors about investing? Our interactive exhibit examines how stocks have behaved during US economic downturns. Markets around […]
What History Tells Us About Elections and the MarketInvestors often wonder whether the market will rise or fall based on who is elected president. The data show that capturing the long-term returns of […]
SMID Value Resurgence?Tracking the relative strength (RS) scores of equity styles to the S&P 500 over the last 6 months reveals a noticeable shift. The positive trend […]
Rethinking Traditional Income StrategiesAs investors grapple with the new reality of low yields, Starwood outlines the relative value driven by SREIT’s current distribution rate and tax efficiencies.
David Booth on Value and ValuesHistory shows that you can’t time stock returns. To capture the market’s historical premiums, you have to be patient.
Bulls, Bears, and Long-Term Benefits of Stock InvestingThe stock market’s ups and downs are unpredictable, but history supports an expectation of positive returns over the long term. For the best shot at […]
Market BriefingEquity prices continued to advance in July. Indexes constituting large, mid, and small capitalization issues all finished with solid gains. News of positive coronavirus vaccine […]
Kenneth French on Market Timing, Investor Confidence, and Portfolio BuildingProfessor Kenneth French explains key principles of a successful investing experience.
In Markets as in Traffic, Impulsive Moves May Not Help You Get AheadWhen markets are rough, it’s tempting to want to make a quick change to your investments. But much like changing lanes in traffic, impulsive moves […]
Increasing Our Cyclical Value Sector AllocationLifting Financials to overweight, Energy to marketweight, while lowering Consumer Staples, Utilities, and Real Estate to underweight. Sector allocation changes since June 3 move cyclical […]
Dimensional to Launch ETFsDimensional is pleased to announce it has filed a preliminary registration statement with the Securities and Exchange Commission for the launch of three actively managed […]
When It’s Value vs. Growth, History Is on Value’s SideLogic and history argue for a steadfast commitment to value stocks, as the data covering nearly a century in this post illustrates.
IPA/Stanger Monitor Spring 2020The Institute for Portfolio Alternatives (IPA), in partnership with Robert A. Stanger & Company, Inc. (Stanger) releases a quarterly series of reports tracking the performance […]
The Uncommon AverageThe US stock market has delivered an average annual return of about 10%. Most years, though, have been a lot different than the average. Understanding […]
Valuation Update for June 2020Ford Equity Research’s Price to Value ratio (PVA) is computed by dividing the price of a company’s stock by the value derived from a proprietary […]
Under the Macroscope: When Stocks and the Economy DivergeHow can investors make sense of the apparent disconnect between stock market performance and economic indicators?
Long-Term Investors, Don’t Let a Recession Faze YouIn the past century, there have been 15 recessions in the US. In 11 of them, stock returns were positive two years after the recession […]
Spread the Word: What’s New with Valuation RatiosWhat can investors learn from the growing difference in the price-to-book ratios of value vs. growth stocks?
Professor Siegel On The MarketsProfessor Jeremy Siegel, WisdomTree’s Senior Investment Strategy Advisor and Professor of Finance at Wharton, provides his perspective on the current market and how to prepare for the Coronavirus aftermath.
2020 Mutual Fund LandscapeThis annual report documents the power of market prices by assessing US-based mutual fund performance relative to benchmarks over multiyear periods. The exhibits include data […]
The Bumpy Road to the Market’s Long-Term AverageThe US stock market has averaged about a 10% annual return since 1926, but it’s usually well above or below that mark in a given year. Understanding the range can help investors ride out the ups and downs.
Market BriefingEquity prices staged a solid rebound in April as investors started seeing some positive developments in treatments for Covid-19 and a shift in focus to […]
The Importance of Staying Invested in Volatile TimesDon’t flee the market in a panic, but rather embrace the turmoil as an investment opportunity–you’ll be better off in the long run.
Market BriefingU.S. equity prices fell dramatically in March as the coronavirus pandemic prompted a shutdown in much of the U.S. economy. The decline was exacerbated by […]
Straight From PIMCO: Our Take on Credit MarketsPIMCO CIO Global Credit Mark Kiesel discusses how credit markets are pricing in the evolving economic climate and where PIMCO is beginning to see opportunities.
Straight From PIMCO: What We’re Seeing in the Mortgage MarketThe Fed’s announcement that it will stop running down its MBS holdings and buy at least $200 billion of mortgages represents a material shift in […]
US Equity Returns Following Past DownturnsSudden market downturns can be unsettling. Sticking with your plan helps put you in the best position to capture a recovery.
David Booth Essay Featured in “Worth”Worth recently shared an essay by Dimensional Founder and Executive Chairman David Booth on how investors can have a rewarding experience by changing the way they […]
What Happens When You Fail at Market TimingIt’s hard to predict the best days in the markets, and the cost of missing them can be high. The impact of missing just a […]
Volatility in Stocks vs. Private Real EstateWatch Origin Principal Dave Scherer discuss how stocks and private real estate differ in volatility using December 2018 through January 2019 as an example.
Invest In Both Public REITs and Private Real EstateWatch Origin Principal Michael Episcope explain why investors will benefit from keeping both public REITs and private real estate in their investment portfolios. While public REITs tend […]
Mutual Fund Landscape 2019Using a representative sample of US-domiciled mutual fund returns from Morningstar, the report documents the power of market prices by assessing fund returns over multiyear […]
The Index BogeymanIndex funds have received increased attention from investors and the financial media. Some people have claimed that greater usage of index funds may be distorting […]
Vanguard Institutional Advisor’s Alpha™: Quantifying the Value of a ConsultantVanguard Institutional Advisor’s Alpha™: Quantifying the Value of a Consultant addresses the challenges and opportunities institutional consultants face today. While the role consultants play is […]
How Much of Your Investment Portfolio Should Be in Private Real Estate? Looking to add private real estate to your investment portfolio but unsure how much to allocate to this asset class?
Midterm Elections—What Do They Mean for Markets?For the upcoming midterms, commentators are likely to offer opinions on who will win and what impact the vote will have on markets. Looking at […]
Dimensional On: Recent Market VolatilityJake DeKinder, Head of Client Communications, explains why investors should view recent market declines as part of the nature of investing.
FPL Capital Management has made it to RIA Channel’s Top 100 Emerging Wealth Managers for 2017.FPL Capital Management has made it to RIA Channel’s Top 100 Emerging Wealth Managers list for the year ending 2017. The RIA Channel narrows the […]
An Interview with a Fee-Only PlannerAn Interview with FPL Capital Management CEO, Michael George (by Jim Dahle of WhiteCoatInvestor.com)
Advisor’s AlphaVanguard research has produced a whitepaper on how an advisor can add value to a client. This is part of a series of research available from […]