Seems like everyone wants to label something a “bubble” these days. There is a bubble in bubbles. Interest rates have been falling for 32 years now. As rates fall, bond prices rise, and vice versa. It has been a multi-decade bull market for bonds. Unlike stocks, which have no upper price...ETF Field Guide for 2013 Now On Sale
Today I am publishing my new 2013 edition of the ETF Field Guide. This 72-page reference is an invaluable resource for every ETF investor and trader. No other publication or website provides you with all the important ETF data found inside. The guide categorizes and provides detailed data for every...Five Steps to Avoid Disaster When Your ETF Closes
Nothing lasts forever, not even ETFs. Fund closures are a fact of life. Some ETF sponsors keep their product lineups healthy by regularly pruning the weaker offerings. Others stubbornly ignore the warning signs, and by waiting too long to make adjustments, often find themselves forced to close...ETFs Are Going BATS … and Why You Should Care!
The ETF marketplace changed last month. You didn’t notice? Don’t worry, you’re not alone. Today I’ll tell you all about it. You already know that “exchange traded funds” trade on an exchange. That’s what distinguishes them from old-fashioned mutual funds. But what exchange trades...ETN Holders: Do You Know To Whom You Are Lending?
Exchange Traded Funds (“ETFs”) and Exchange Traded Notes (“ETNs”) are similar in some ways but have major differences as well. When you buy an ETF, you receive an ownership stake in a pooled investment, structured as an independent entity. When you buy an ETN, you are essentially lending...Fun with Dick (AGQ) and Jane (ZSL) and Spot (SLV)
Seventeen years ago we saw the first leveraged mutual fund with daily reset. Now we have dozens of them along with ETFs that work the same way. Yet after all this time, many investors still don’t understand what leveraged funds can and cannot do. Even professional investors ignorantly called...To Invest in a Roth or Not?
While the title of this article could stir many a great rock ‘n roll debate about the front men of Van Halen, we’ll focus on investing for retirement. Americans are not saving for retirement as much as they once did. The frugality of “the Greatest Generation” has steadily given way to...A Bi-Polar Market
The lucky few Americans who are finishing up a two-week vacation tomorrow may be surprised when they next check their brokerage account balances this weekend. Assume for a moment they packed up the station wagon, loaded the kids, and headed to the lake on Friday, July 10th. Maybe our nuclear couple...The Soul of an ETF
What makes an ETF an ETF? What distinguishes an Exchange-Traded Fund from other investment securities? When the first US-listed ETF, the SPDR S&P 500 (SPY), arrived on the scene in 1993 it had a number of features setting it apart from every other product that come before it. Yet in some ways...The 3x Impact
Much has been written about the math behind leveraged ETFs and mutual funds, yet most investors fail to realize the true impact. As a result, many of these products have been ridiculed for failing to meet user expectations. Contrary to popular belief, leveraged and inverse products that reset their...