Dow 21,000 Watch

The market has been on Dow 20,000 watch for a couple of months now, and today, it finally got what it was looking for. The Dow Jones Industrial Average printed its first value above 20,000 within seconds of the market open this morning. If you happened to catch a view...

Rule of 240 Compounding

Most investors are familiar with the “Rule of 72,” a formula for approximating the time it takes an investment to double at a given compounded annual return. The rule states that dividing 72 by the annual return equals the number of years to double. Conversely, the...

Rule of 240

Most investors are familiar with the Rule of 72, a formula for approximating the time it takes an investment to double at a given compounded annual return.  The Rule states that dividing 72 by the annual return equals the number of years to double.  Conversely, the...

Anchored Momentum

When I started developing a mutual fund selection and trading system in the mid-1980s, I wanted to own the funds that were going up and avoid the ones going down.  Therefore, I quickly gravitated toward price momentum as an indicator and selection tool.  One of the...