Back during the buying panic of the 1990s, it was fashionable to believe: Sell your losers, and run with your winners. Of course, one of the lessons of the subsequent crack up: Don't let your winners run so much that they dominate your portfolio...
In the 1980s, Charles Schwab changed the way investors shop for funds, introducing the supermarket. The innovation's main attraction was its ease of use. Investors could scan through dozens of fund choices and select the ones they liked best...
Back in 1998, with the Internet craze in full riot, Merrill Lynch legend John Steffens, then head of the firm's private client unit, delivered a keynote address at the PC Expo in New York. What was amazing about his speech was his explicit...
A recent survey of U.S. household investing habits revealed an interesting point. A study by Forrester Research showed that between 1999 and 2003, the number of people who do their own financial research but also seek professional advice has risen...
Chances are, you and your clients don't know. The typical brokerage statement delivers tons of data, but very little useful performance attribution information.