Valuation – the price you pay for earnings, assets minus liabilities, cash flow, etc – is one of the best indicators of future returns. In general, we experience lower returns when valuations are high (i.e. stocks are more expensive), and higher returns when valuations are low (stocks are cheaper). Read more…
Avoid Hidden Investment Costs
We never cease to be amazed at what little time is spent by the typical investor trying to get a handle on what his or her investing costs are. It’s amazing because, aside from the fact that costs can have a major impact on portfolio returns, they are still the only thing that we, as investors, Read more…
Value Investing vs. Growth Investing: What’s the Difference?
If you've been considering investing or expanding your portfolio, you've likely come to a fork in the road: you can either take the value investing or growth investing route. These are the two main types of stocks, primarily chosen based on investing style. Although you'll find that people often Read more…