Step 1: Active Investors

 1 
Active Versus Passive Investing
 2 
Emotions of Active Investors
 3 
Emotions of Passive Investors
 4 
Emotions of Rebalancers
 5 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 6 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 7 
DFA Passive Funds with an Advisor vs. All No-Load Index Funds

In Articles Related to Step 1:

 8 
State Retirement Systems vs. Index Portfolios
 9 
Survivorship and Outperformance: Equity Funds
 10 
Persistence in 5-Year Performances of 249 Mutual Funds
 11 
Growth of a Dollar for IFA U.S. Indexes Over the Long Term
 12 
Riskese: The Language of Risk
 13 
Diversification
 14 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 15 
Statistical Significance of Alpha of Fidelity U.S. Funds*
 16 
Luck vs Skill Among Mutual Fund Managers
 17 
Statistical Significance of Alpha of MFS U.S. Funds*
 18 
IFA Client Success at Capturing Benchmark Index Returns
 19 
The Capital Markets Have Rewarded Long-Term Investors
 20 
Average Alpha of US Large Blend Active Managers vs. S&P 500
 21 
Average Alpha of US Large Blend Active Managers During Market Corrections
 22 
IFA Client Success at Capturing Benchmark Index Returns
 23 
Estimated Net Fund Flows for Top Ten Funds
 24 
Asset Flows of Top Ten U.S. Fund Families
 25 
715 Funds that Were in the Top Quartile for the Year Ending 3/31/2010
 26 
428 Funds that Were in the Top Quartile for the Five Year Period Ending 3/31/2009
 27 
Allocation of Dollars Spent on Each Management Type
 28 
Stock Ownership Percentage by Income Percentile
 29 
Share of Wealth by Income Percentile
 30 
Estimated Net Cash Flows of the Top Ten Mutual Fund Companies
 31 
Estimated Net Cash Flows for the Top Ten Mutual Fund Companies as % of AUM
 32 
Percentage Share of Net Sales of U.S. ETFs and Mutual Funds
 33 
437 Foreign Equity Funds that were in the Top Half in 2009
 34 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 35 
Stock Picking Skill Statistically Indistinguishable from Zero
 36 
Index and Weighted Average Returns (Gross of Fees)
 37 
Index Fund Assets ($Billions)
 38 
Number of Index Funds
 39 
Fidelity Contra Fund
 40 
Fidelity® Diversified International T-Stat Analysis
 41 
Breakdown of Vanguard Advisor's Alpha
 42 
Canadian Domiciled Funds vs Benchmarks
 43 
Emerging Markets Funds vs Benchmarks
 44 
Active Funds vs Benchmarks
 45 
Domestic Active Funds vs Benchmarks
 46 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 47 
iShares ETFs vs Dimensional Funds in IFA Index Portfolios
 48 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 49 
Average Mutual Fund vs Average Fund Investor
 50 
How Funds Can Earn Big Returns But Still Lose Money
 51 
Why Invest in a Portfolio of Index Funds?
 52 
Active Domestic Equity Funds Performance

Step 2: Nobel Laureates

In Articles Related to Step 2:

 53 
The Efficient Frontier
 54 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 55 
Survivorship and Outperformance: Equity Funds
 56 
Survivorship and Outperformance: Fixed Income Funds
 57 
Significance of Alpha Among U.S. Mutual Funds*
 58 
The University of Chicago List
 59 
Luck vs Skill Among Mutual Fund Managers
 60 
How Do Investors in a 'Behavioral' Fund Behave?
 61 
The Ranking of the 2013 Nobel Laureates in Economics
 62 
Simulated Random Walk of Stock Prices
 63 
Emotions of Active Investors
 64 
Factors that Explain the Variation in Returns of Large Institutional Plans
 65 
The Fama and French Five Factor Model
 66 
237 Market Timing Newsletters
 67 
Large, Small, Value and Growth Indexes Around the World
 68 
Stock Picking Skill Statistically Indistinguishable from Zero
 69 
Before and After Hiring Returns of Investment Managers
 70 
Value Gained or Lost When Moving Assets From One Manager to Another
 71 
Nobel Foundation vs IFA Index Portfolios
 72 
Investment of Nobel Foundation vs IFA Index Portfolio 70
 73 
Excess Returns Over Benchmarks of Ten Active Managers
 74 
The Random Walker, Visualizing How Markets Work
Adam SmithAdam SmithLouis BachelierLouis BachelierFrancis GaltonFrancis GaltonPaul SamuelsonPaul SamuelsonEugene FamaEugene FamaKenneth FrenchKenneth FrenchRex SinquefieldRex SinquefieldBurton MalkielBurton MalkielFriedrich von HayekFriedrich von HayekJohn BogleJohn BogleDavid BoothDavid BoothHarry MarkowitzHarry MarkowitzWilliam SharpeWilliam SharpeFrank ModiglianiFrank ModiglianiMerton MillerMerton MillerBlaise PascalBlaise PascalEdmund HalleyEdmund HalleyAlfred CowlesAlfred CowlesJames TobinJames TobinMichael JensenMichael Jensen

Step 3: Stock Pickers

 75 
Stock Picking Skill Statistically Indistinguishable from Zero
 76 
Evidence of a Lack of Stock Picking Skill Among Fund Managers
 77 
Survivors and Winners of S&P 500 Stocks
 78 
Largest Bankruptcies
 79 
Returns of Admired Companies vs. Spurned Ones
 80 
Fortune Magazine's Ten Most Admired Companies in 2001 vs IFA Index Portfolios

In Articles Related to Step 3:

 81 
The Return Differences of Total US Market minus 30-day T-Bill
 82 
The Return Difference of US Value Stocks minus US Growth Stocks
 83 
The Return Differences of US Small Cap Stocks minus US Large Cap Stocks
 84 
The Return Differences of US Small Value Index minus US Large Growth Index
 85 
The Return Differences of IFA Index Portfolio 100 minus S&P 500 Index
 86 

Number of Years Needed for a Statistical Significant Alpha
 87 
How to Calculate a t-statistic for Any Data Set
 88 
Fidelity's (FFIDX) Alpha Relative to Its Benchmark
 89 
Fidelity Advisor Capital Development O's (FDETX) Alpha Relative to Its Benchmark
 90 
Fidelity Advisor Equity Growth I's (EQPGX) Alpha Relative to Its Benchmark
 91 
Fidelity Advisor Growth Opps T's (FAGOX) Alpha Relative to Its Benchmark
 92 
Fidelity Blue Chip Growth's (FBGRX) Alpha Relative to Its Benchmark
 93 
Fidelity Capital Appreciation's (FDCAX) Alpha Relative to Its Benchmark
 94 
Fidelity Contrafund's (FCNTX) Alpha Relative to Its Benchmark
 95 
Fidelity Export & Multinational's (FEXPX) Alpha Relative to Its Benchmark
 96 
Fidelity Growth Company's (FDGRX) Alpha Relative to Its Benchmark
 97 
Fidelity Independence's (FDFFX) Alpha Relative to Its Benchmark
 98 
Fidelity Magellan's (FMAGX) Alpha Relative to Its Benchmark
 99 
Fidelity New Millennium's (FMILX) Alpha Relative to Its Benchmark
 100 
Fidelity OTC Portfolio's (FOCPX) Alpha Relative to Its Benchmark
 101 
Fidelity Stock Selec All Cp's (FDSSX) Alpha Relative to Its Benchmark
 102 
Fidelity Trend's (FTRNX) Alpha Relative to Its Benchmark
 103 
Fidelity Advisor Diversified Stock O's (FDESX) Alpha Relative to Its Benchmark
 104 
Fidelity Spartan 500 Index Inv's (FUSEX) Alpha Relative to Its Benchmark
 105 
Fidelity Disciplined Equity's (FDEQX) Alpha Relative to Its Benchmark
 106 
Fidelity Dividend Growth's (FDGFX) Alpha Relative to Its Benchmark
 107 
Fidelity Growth & Income Portfolio's (FGRIX) Alpha Relative to Its Benchmark
 108 
Fidelity Advisor Equity Income I's (EQPIX) Alpha Relative to Its Benchmark
 109 
Fidelity Equity Dividend Income's (FEQTX) Alpha Relative to Its Benchmark
 110 
Fidelity Equity-Income's (FEQIX) Alpha Relative to Its Benchmark
 111 
Fidelity Growth Strategies's (FDEGX) Alpha Relative to Its Benchmark
 112 
Fidelity Mid-Cap Stock's (FMCSX) Alpha Relative to Its Benchmark
 113 
Fidelity Advisor Value Strategies T's (FASPX) Alpha Relative to Its Benchmark
 114 
Fidelity Low-Priced Stock's (FLPSX) Alpha Relative to Its Benchmark
 115 
Fidelity Value's (FDVLX) Alpha Relative to Its Benchmark
 116 
Fidelity Stock Selector Small Cap's (FDSCX) Alpha Relative to Its Benchmark
 117 
Fidelity Real Estate Investment Port's (FRESX) Alpha Relative to Its Benchmark
 118 
Fidelity Select Telecommunications Port's (FSTCX) Alpha Relative to Its Benchmark
 119 
Fidelity Select Automotive Port's (FSAVX) Alpha Relative to Its Benchmark
 120 
Fidelity Select Construction & Hsg Port's (FSHOX) Alpha Relative to Its Benchmark
 121 
Fidelity Select Consumer Discret Port's (FSCPX) Alpha Relative to Its Benchmark
 122 
Fidelity Select Leisure Portfolio's (FDLSX) Alpha Relative to Its Benchmark
 123 
Fidelity Select Multimedia Portfolio's (FBMPX) Alpha Relative to Its Benchmark
 124 
Fidelity Select Retailing Portfolio's (FSRPX) Alpha Relative to Its Benchmark
 125 
Fidelity Select Consumer Staples Port's (FDFAX) Alpha Relative to Its Benchmark
 126 
Fidelity Advisor Energy T's (FAGNX) Alpha Relative to Its Benchmark
 127 
Fidelity Select Energy Portfolio's (FSENX) Alpha Relative to Its Benchmark
 128 
Fidelity Select Energy Service Port's (FSESX) Alpha Relative to Its Benchmark
 129 
Fidelity Select Natural Gas Portfolio's (FSNGX) Alpha Relative to Its Benchmark
 130 
Fidelity Select Banking Portfolio's (FSRBX) Alpha Relative to Its Benchmark
 131 
Fidelity Select Brokerage & Invmt Mgmt's (FSLBX) Alpha Relative to Its Benchmark
 132 
Fidelity Select Consumer Finance Port's (FSVLX) Alpha Relative to Its Benchmark
 133 
Fidelity Select Financial Services Port's (FIDSX) Alpha Relative to Its Benchmark
 134 
Fidelity Select Insurance Port's (FSPCX) Alpha Relative to Its Benchmark
 135 
Fidelity Select Biotechnology Portfolio's (FBIOX) Alpha Relative to Its Benchmark
 136 
Fidelity Select Health Care Portfolio's (FSPHX) Alpha Relative to Its Benchmark
 137 
Fidelity Select Medical Delivery Port's (FSHCX) Alpha Relative to Its Benchmark
 138 
Fidelity Select Air Transportation Port's (FSAIX) Alpha Relative to Its Benchmark
 139 
Fidelity Select Defense & Aero Port's (FSDAX) Alpha Relative to Its Benchmark
 140 
Fidelity Select Envir and Alt Engy Port's (FSLEX) Alpha Relative to Its Benchmark
 141 
Fidelity Select Industrial Equip Port's (FSCGX) Alpha Relative to Its Benchmark
 142 
Fidelity Select Transportation's (FSRFX) Alpha Relative to Its Benchmark
 143 
Fidelity Select Chemicals Portfolio's (FSCHX) Alpha Relative to Its Benchmark
 144 
Fidelity Select Materials Portfolio's (FSDPX) Alpha Relative to Its Benchmark
 145 
Fidelity Select Comms Equip Port's (FSDCX) Alpha Relative to Its Benchmark
 146 
Fidelity Select Computers Portfolio's (FDCPX) Alpha Relative to Its Benchmark
 147 
Fidelity Select Electronics Portfolio's (FSELX) Alpha Relative to Its Benchmark
 148 
Fidelity Select Software & Comp Port's (FSCSX) Alpha Relative to Its Benchmark
 149 
Fidelity Select Technology Portfolio's (FSPTX) Alpha Relative to Its Benchmark
 150 
Fidelity Select Utilities Portfolio's (FSUTX) Alpha Relative to Its Benchmark
 151 
Fidelity Telecom and Utilities's (FIUIX) Alpha Relative to Its Benchmark
 152 
NFJ Small Cap Value A Fund's Alpha Relative to Russell 2000 Value Index
 153 
Significance of Alpha Among U.S. Mutual Funds*
 154 
Legg Mason Value Trust Relative to Russell 1000 Index
 155 
Yacktman Focus Fund's Alpha Relative to Russell 1000 Value Index
 156 
Yacktman Fund's Alpha Relative to Russell 1000 Value Index
 157 
Technology Stock Picker
 158 
Coins and Stocks
 159 
Short-Term Experience in Dice Rolls
 160 
Long-Term Experience in Dice Rolls
 161 
Distribution of Annual Occurences of the Stocks within the S&P 500
 162 
Distribution of S&P 500 Stocks
 163 
Distribution of S&P 500 Stocks
 164 
Distribution of S&P 500 Stocks
 165 
Distribution of Stocks* in the S&P 500 Annual Return
 166 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 167 
Luck vs Skill Among Mutual Fund Managers
 168 
Risk Factors Explain Returns in Diversified Equity Portfolios
 169 
Odds of Success
 170 
The Odds of Success Revisited
 171 
Gross and Net Annual Returns
 172 
1,446 Large Cap Blend Mutual Funds vs. the S&P 500 Index
 173 
Passive Beats Active in Equities, No Matter How You Slice It
 174 
Passive Beats Active in Fixed Income, No Matter How You Slice It
 175 
Stories From Blue Chip Companies
 176 
Equity Returns for Major Companies vs. 5 Old IFA Index Portfolios and S&P 500 Index
 177 
Excellent vs Unexcellent Company Ratio
 178 
Excellent vs. Unexcellent Company Porfolio Returns
 179 
Fidelity Magellan's Alpha over Many Years and Managers
 180 
Warren Buffett's Alpha: Berkshire Hathaway Relative to Russell 1000 Value Index
 181 
Jensen Quality Growth J (JENSX) Alpha Relative to Its Benchmark
 182 
Significance of Alpha of American U.S. Mutual Funds*
 183 
Style Attribution and Index Drift of American Funds New Perspective A
 184 
Statistical Significance of Alpha of USAA U.S. Mutual Funds*
 185 
Statistical Significance of Alpha of Thrivent U.S. Funds*
 186 
Style Drifters: Can You Pick the Next Industrial Sector Winner? Rewind/Play:
 187 
Style Drift of Fidelity Select Health Care
 188 
Style Drift of Fidelity Select Software & Comp
 189 
Style Drift of Fidelity Biotechnology
 190 
Style Drift of Fidelity Contrafund
 191 
Style Drift of Fidelity New Millennium Fund
 192 
Style Drift of Fidelity Low-Priced Stock
 193 
Selection Criterias for Fidelity Funds
 194 
Statistical Significance of Alpha of Fidelity U.S. Funds*
 195 
JP Morgan Core Bond Select Alpha T-Stat Analysis
 196 
JP Morgan Short Duration Bond Select Alpha T-Stat Analysis
 197 
JP Morgan Mid Cap Value Instl Alpha T-Stat Analysis
 198 
JP Morgan Large Cap Growth Select Alpha T-Stat Analysis
 199 
JP Morgan Managed Income Institutional Alpha T-Stat Analysis
 200 
JP Morgan Strategic Income Opps A Alpha T-Stat Analysis
 201 
JP Morgan Income Builder A Alpha T-Stat Analysis
 202 
JP Morgan Investor Balanced A Alpha T-Stat Analysis
 203 
JP Morgan Equity Income Select Alpha T-Stat Analysis
 204 
JP Morgan Global Research Enh Idx Select Alpha T-Stat Analysis
 205 
JP Morgan US Equity Instl Alpha T-Stat Analysis
 206 
JP Morgan International Value I Alpha T-Stat Analysis
 207 
JP Morgan Investor Conservative Growth A Alpha T-Stat Analysis
 208 
JP Morgan Investor Growth Income A Alpha T-Stat Analysis
 209 
JP Morgan Investor Growth A Alpha T-Stat Analysis
 210 
Statistical Significance of Alpha of JP Morgan U.S. Funds*
 211 
Olstein All Cap Value C vs. DFA Fund Allocation and S&P 500 Index
 212 
Style Drift of Olstein All Cap Value C
 213 
Olstein All Cap Value Alpha T-Stat Analysis
 214 
Target Date Index Portfolio Glide Path Quick Guide - Pass Retirement
 215 
715 Funds that Were in the Top Quartile for the Year Ending 3/31/2010
 216 
Year-to-Date Net Flows
 217 
Osterweis Fund's Alpha Relative to Benchmark
 218 
Osterweis Strategic Income Fund's Alpha Relative to Benchmark
 219 
Zero Evidence of Stock Picking Skill in India
 220 
What Happened to the 403 Five-Star Funds From 2004?
 221 
428 Funds that Were in the Top Quartile for the Five Year Period Ending 3/31/2009
 222 
Alpha Chart of Hodges Small Cap Fund (HDPSX)
 223 
Alpha Chart of AMG Southern Small Cap Investor (SSSFX)
 224 
Style Drift of the Hodges Small Cap Fund (HDPSX)
 225 
Style Drift of the AMG Southern Sun Small Cap Fund (SSSFX)
 226 
Annualized Returns of PIMCO Total Return (PTTRX)
 227 
Statistical Significance of Alpha Among 435* U.S. Mutual Funds
 228 
237 U.S. Mutual Funds vs IFA Indexes and Portfolios
 229 
The Breakdown of Alpha After Costs Among Active Mutual Fund Managers
 230 
The Hedge Fund Manager Hall of Shame
 231 
Vanguard Div Growth vs IFA Index Portfolios with IFA Indexes
 232 
Vanguard Dividend Growth vs IFA Index Portfolios and IFA Indexes
 233 
Vanguard Dividend Growth vs IFA Index Portfolios with IFA Indexes
 234 
Vanguard Dividend Growth vs IFA Index Portfolios and IFA Indexes
 235 
How Large of a Sample is Needed for Statistical Significance*
 236 
Histogram of S&P 500 Individual Company Returns
 237 
Royce Special Equity
 238 
Fidelity Contra Fund
 239 
Longleaf Partners
 240 
Selected American
 241 
T Rowe Price Mid-Cap Grth
 242 
Vanguard PRIMECAP
 243 
Fidelity Low-Priced Stock
 244 
Oakmark Select
 245 
Clipper
 246 
RS Small Cap Growth
 247 
Legg Mason Value
 248 
Gabelli Asset
 249 
T Rowe Price New Horizons
 250 
FPA Capital
 251 
Skyline Special Equities
 252 
Selected American
 253 
Sequoia
 254 
Weitz Partners III
 255 
Weitz Value Alpha Relative to Russell 1000 Index
 256 
Hennessy Focus 30
 257 
PIMCO Total Return Instl
 258 
Active Funds vs Benchmarks
 259 
Domestic Active Funds vs Benchmarks
 260 
Percentage of Active Domestic Equity Funds Beaten by Their Benchmarks
 261 
Percentage of Active Foreign Equity Funds Beaten by Their Benchmarks
 262 
Percentage of Active Real Estate Funds Beaten by Their Benchmarks
 263 
Percentage of Active Fixed Income Funds Beaten by Their Benchmarks
 264 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 265 
Reward vs. Risk for XYZ Capital Management (Before Management Fees)
 266 
XYZ Capital Management Alpha Relative to the DFA Small Cap Value Fund (DFSVX)
 267 
Percentage of Funds Remaining in the Top Half of Their Peers
 268 
Top 20 Worst Perfoming Dead Funds
 269 
Top Ponzi Schemes Shut Down by the SEC and Law Enforcement
 270 
Brown Capital Mgmt
 271 
Royce Special Equity Instl
 272 
American Fund World R4
 273 
Wasatch Small Cap Growth
 274 
Perkins Small Cap Value
 275 
Mathew China Investor

Step 4: Time Pickers

 276 
Forecast Accuracy: 74% Required to Beat the Market
 277 
The Problem With Market Timing: Missing The Best Days
 278 
The Allure Of Market Timing: Missing The Worst Days

In Articles Related to Step 4:

 279 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 280 
MSCI World Index (net div USD)
 281 
1-Year Monthly Rolling Periods of S&P 500 Index
 282 
25-Year Monthly Rolling Periods of S&P 500 Index
 283 
Historical Annual Return of US Stock Market
 284 
Growth of a Dollar for IFA U.S. Indexes Over the Long Term
 285 
Market Turmoil and the Dow Jones Industrial Average
 286 
Predictability of Monthly Returns for S&P 500 - Based on Previous Month's Return
 287 
Histogram of the Daily Percentage Returns for the S&P 500 for 2015
 288 
Histogram of the Daily Percentage Returns for the S&P 500 for 2014
 289 
Histogram of the Daily Percentage Returns for the S&P 500 for 2013
 290 
Histogram of the Daily Percentage Returns for the S&P 500 for 2012
 291 
Histogram of the Daily Percentage Returns for the S&P 500 for 2011
 292 
Simulated Passive Investor Experience
 293 
Positive vs. Negative Returns in IFA Index Portfolios
 294 
Batting Averages of Time Pickers
 295 
How likely is it that one forecast will be correct?
 296 
Recovery of IFA Index Portfolios and S&P 500 One Year After the 2009 Low
 297 
Individual Investors: Mean Expected Return of vs. Lagged Return for the S&P 500
 298 
Investment Professionals: Forecasted Change vs. Prior Change in the S&P 500, 1990-2003
 299 
Predictability of Daily Returns for S&P 500 - Based on Previous Day's Returns
 300 
Predictability of Annual Returns for S&P 500 - Based on Previous 1-Year Returns
 301 
Predictability of 2-Year Avg. Returns for S&P 500 - Based on Previous 2-Year Avg. Returns
 302 
Predictability of 5-Year Avg. Returns for S&P 500 - Based on Previous 5-Year Avg. Returns
 303 
Predictability of 10-Year Avg. Returns for S&P 500 - Based on Previous 10-Year Avg. Returns
 304 
15,172 Recommendations from 237 Market Timing Newsletters
 305 
Performance of 237 Market Timing Newsletters
 306 
237 Market Timing Newsletters
 307 
Average Returns of Market Timing Newsletters

Step 5: Manager Pickers

 308 
How Many of Top 100 Funds Remain in the Top 100 the Following Year?
 309 
2009 Top Ten Managers and Subsequent Performance
 310 
2010 Top Ten Managers and Subsequent Performance
 311 
Persistence in 5-Year Performances of 249 Mutual Funds
 312 
Before and After Hiring Returns of Investment Managers
 313 
Managers' Performance Before and After Hiring or Firing
 314 
State Retirement Systems vs. Index Portfolios
 315 
State Retirement Systems vs. Index Portfolios
 316 
State Retirement Systems vs. Index Portfolios
 317 
State Retirement Systems vs. Index Portfolios
 318 
Morningstar manager of the year Alpha Chart
 319 
Morningstar manager of the year Alpha Chart
 320 
Morningstar manager of the year Alpha Chart
 321 
Morningstar manager of the year Alpha Chart

In Articles Related to Step 5:

 322 
ClearBridge Value C Fund Alpha Relative to Its Benchmark
 323 
Dimensional Indexes vs Russell Indexes
 324 
Nicholas Fund (NICSX) Alpha Relative to Its Benchmark
 325 
Style Drift of Nicolas Fund
 326 
Statistical Significance of Alpha of Nicholas Mutual Funds*
 327 
Nicholas Fund vs. IFA Index Allocation and S&P 500 Index
 328 
Statistical Significance of Alpha of JP Morgan U.S. Funds*
 329 
Mutual Fund Net Flows
 330 
Nicholas Fund's Alpha Relative to Prospectus Benchmark
 331 
Nicholas Fund vs Morningstar Category Index
 332 
Style Drift of Nicholas Fund
 333 
SEI US Managed Volatility A (SIIT)
 334 
Bloomber_SmeadValueInvestor
 335 
Bloomber_Vanguard PRIMECAP Inv
 336 
Bloomber_Vanguard PRIMECAP Inv
 337 
PRIMECAP Odyssey Aggressive Growth
 338 
SEI US Managed Volatility A (SIMT)
 339 
Glenmede Large Cap Growth
 340 
SEI US Managed Volatility A (SIMT)
 341 
JPMorgan Mid Cap Value A
 342 
Fidelity Mid Cap Value
 343 
Target and Copycat Fund Alpha by Year of Copying
 344 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 345 
Vanguard Study of Buy-and-Hold vs. Performance-Chasing
 346 
Hedge Fund Fees
 347 
NACUBO Endowments vs. Comparable Allocations of the IFA Index Portfolios*
 348 
Percentage of Active Funds Outperformed by the Benchmark in Bear Markets
 349 
Sequoia
 350 
Fairholme
 351 
Style Drift of Sequoia Fund
 352 
Style Drift of Fairholme Fund
 353 
Sequoia vs IFA
 354 
Fairholme - vs IFA
 355 
Percentage of Funds Remaining in the Top Half of Their Peers
 356 
Value Gained or Lost When Moving Assets From One Manager to Another
 357 
Cash Flows Between Money Managers
 358 
Transamerican High Yield Bond
 359 
Stock Picking Skill Statistically Indistinguishable from Zero
 360 
Active Fund Performances
 361 
RidgeWorth Alpha Charts - Large Cap Value
 362 
RidgeWorth Alpha Charts - Mid Cap Value
 363 
RidgeWorth Alpha Charts - small Cap Value
 364 
RidgeWorth Alpha Charts - Sel Large Cap Growth
 365 
RidgeWorth Alpha Charts- large cap growth
 366 
RidgeWorth Alpha Charts - Aggressive Growth Stock
 367 
RidgeWorth Alpha Charts - Small Cap Growth
 368 
RidgeWorth Alpha Charts - International
 369 
Morningstar manager of the year Alpha Chart
 370 
Morningstar manager of the year Alpha Chart
 371 
Morningstar manager of the year Alpha Chart
 372 
Fidelity Magellan's Alpha over Many Years and Managers
 373 
Warren Buffett's Alpha: Berkshire Hathaway Relative to Russell 1000 Value Index
 374 
GAMCO Funds Alpha Stats
 375 
Olstein Alpha Chart
 376 
Increase in Reported Alpha from Using S&P 500 Benchmark
 377 
44 Actively Managed Funds
 378 
American Funds Washington Mutual A (AWSHX)
 379 
Four Funds That Experienced a Lower Drop Than The S&P 500
 380 
Before and After Hiring Returns of Investment Managers
 381 
Before and After Hiring Returns of Century Small Cap Select (CSMCX)
 382 
Before and After Hiring Returns of Century Small Cap Select (CSMCX)
 383 
Before and After Hiring Returns of Century Small Cap Select (CSMCX)
 384 
Before and After Hiring Returns of EuroPacific Growth (AEPGX)
 385 
Before and After Hiring Returns of EuroPacific Growth (AEPGX)
 386 
Before and After Hiring Returns of EuroPacific Growth (AEPGX)
 387 
Investment Managers' Performance Before & After Hiring & Firing Decisions
 388 
Investment Managers' Performance Before & After Hiring & Firing Decisions
 389 
Results of Manager Picking by Plan Sponsors
 390 
Expected Return of IFA Indexes and Index Portfolio 100 Over US Total Market Index
 391 
Above Median Returns of Mutual Funds for the Recent 1-Year vs Prior 1-Year
 392 
Above Median Returns of Mutual Funds for the Recent 3-Years vs Prior 3-Years
 393 
Above Median Returns of Mutual Funds for the Recent 5-Years vs Prior 5-Years
 394 
Above Median Returns of Mutual Funds for the Recent 10-Years vs Prior 10-Years
 395 
Survivorship and Outperformance - Equity Funds
 396 
Survivorship and Outperformance - Fixed Income Funds
 397 
Return for One Year Ending 6/30/2013
 398 
Return for One Year Ending 6/30/2013
 399 
U.S. Hedge Funds' Assets Under Management
 400 
Hedge Fund Indexes Returns Accuracy
 401 
Survival of Hedge Funds
 402 
Breakdown of Hedge Fund Returns
 403 
State Retirement Systems vs. Index Portfolios
 404 
Royce Special Equity
 405 
Fidelity Contra Fund
 406 
Longleaf Partners
 407 
Selected American
 408 
T Rowe Price Mid-Cap Grth
 409 
Vanguard PRIMECAP
 410 
Fidelity Low-Priced Stock
 411 
Oakmark Select
 412 
Clipper
 413 
RS Small Cap Growth
 414 
Legg Mason Value
 415 
Gabelli Asset
 416 
T Rowe Price New Horizons
 417 
FPA Capital
 418 
Skyline Special Equities
 419 
Selected American
 420 
The Random Walker, Visualizing How Markets Work

Step 6: Style Drifters

 421 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 422 
Style Drifters: Can You Pick the Next Country Winner?
 423 
Style Drifters: Can You Pick the Next Industrial Sector Winner? Rewind/Play:
 424 
Style Drift of Fidelity Magellan Fund
 425 
Style Drift of Vanguard Explorer Fund Investor Shares
 426 
Style Drift of American Funds Growth Fund of America A
 427 
24 Tactical Allocation Funds vs IFA Index Portfolios
 428 
Relative Style Purity of DFA U.S. Large Company Portfolio
 429 
Style Consistency Data on Equity Mutual Funds from SPIVA

In Articles Related to Step 6:

 430 
Go-Anywhere Funds Annual Excess Returns/Alpha
 431 
Style Drift Among Mutual Funds vs Fama/French Indexes

Step 7: Silent Partners

 432 
Ending Values of the Average Equity Fund vs. Index Fund
 433 
Pre-Tax and After-Tax Growth of $10,000
 434 
Value Lost to Taxes: Vanguard Index Funds vs. Morningstar Categories
 435 
Turnover Ratio of Categories vs. Vanguard
 436 
Expense Ratios: IFA vs All Mutual Funds

In Articles Related to Step 7:

 437 
Vanguard vs. Dimensional: US Large Blend Fund
 438 
Vanguard vs. Dimensional: Annual Return and Expense Ratio
 439 
Vanguard vs. Dimensional: Annualized Return and Growth of $1,000
 440 
Excess Return of Vanguard vs. Dimensional
 441 
Tax Managed Funds in Taxable Accounts vs. Non Tax Managed Funds (OLDports)
 442 
Tax Managed Funds in Taxable Accounts vs. Non Tax Managed Funds
 443 
Stock Picking Skill Statistically Indistinguishable from Zero
 444 
DFA Tax-Managed Funds vs. Vanguard and iShares ETFs
 445 
Annualized Post-Tax Returns of Standard and Tax-Managed Portfolios
 446 
The 3.8% Net Investment Income Tax Threshold Amounts
 447 
IFA's Advice for Mutual Funds in Taxable Accounts
 448 
Mutual Fund Turnover for DFA Tax-Managed Funds
 449 
Ten-Year After-Tax Returns for DFA Tax-Managed Funds
 450 
Ten-Year After-Tax Growth of $10,000 for DFA Tax-Managed Funds
 451 
Funds IFA Expect to Stop Purchase
 452 
Contribution Limits Change from 2013 to 2014
 453 
Tax Managed Funds in Taxable Accounts vs. Non Tax Managed Funds
 454 
Aggregate Trading Cost & Expense Ratios For Select Asset Classes
 455 
Annualized Returns For Select Funds
 456 
Top Marginal Tax Rate vs. S&P 500 Annual Return
 457 
Maximum Capital Gains Tax Rate vs. S&P 500 Annual Return

Step 8: Riskese

 458 
Bell-Shaped Curve Showing Standard Deviations
 459 
High Volatility Portfolio: Distribution of Monthly Returns
 460 
Low Volatility Portfolio: Distribution of Monthly Returns
 461 
Riskese: The Language of Risk
 462 
Concentration Risk: Indexes vs. One Stock
 463 
The Fama and French Five Factor Model
 464 
Market Risk Factor for U.S. Equities
 465 
Size Risk Factor for U.S. Equities
 466 
Value Risk Factor for U.S. Equities
 467 
Term Risk Factor for Fixed Income
 468 
Default Risk Factor for Fixed Income
 469 
Average Annual Returns of the Fama/French Risk Factors
 470 
Risk Return Scatter Plot of the Fama French Five Risk Factors

In Articles Related to Step 8:

 471 
Large, Small, Value and Growth Indexes Around the World
 472 
Average Annual Returns of the Fama French Three Factor Model
 473 
Roller Coaster of Risk and Return for IFA Index Portfolios and IFA Indexes
 474 
Reward vs. Risk Based on Popularity
 475 
Treasury Yield Curve
 476 
Hypothetical Treasury Yield Curve
 477 
Hypothetical 1-Year Total Return of Different Maturity Bonds
 478 
Annualized Returns of Three DFA Bond Funds and Their Benchmarks
 479 
Average of Size Premium (SmB) over Two Consecutive Time Periods
 480 
Average of Size Premium (SmB) over Two Categories of Foreign Markets
 481 
Average of Size Premium (SmB) over Two Specifications
 482 
Dimensions of Annualized Returns (%)
 483 
Dimensions of Stock Returns
 484 
Motorola vs Hormel: Growth of a Dollar
 485 
Relationship Between Risk Factors and Expected Return
 486 
Expected Return of IFA Indexes and Index Portfolio 100 Over US Total Market Index
 487 
Does It Pay to Extend Bond Maturities Beyond 5 Yrs Considering a Risk Budget?
 488 
The Fama French Five Risk Factors - Average Annual Returns and Risks
 489 
Evidence of a Lack of Stock Picking Skill Among Fund Managers
 490 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 491 
ClearBridge Value C vs Russell 1000 Value (1/1/1983 - 12/31/2013)
 492 
Risk and Return Scatter Plot of Short-Term Global Bond Funds
 493 
Risk and Return Scatter Plot of One-Year Fixed Income Bond Funds
 494 
Risk and Return Scatter Plot of Short-Term Government Bond Funds
 495 
Annualized Returns and Tracking Error of AQR Momentum Funds*
 496 
Annualized Returns of AQR and Russell/MSCI Indexes*
 497 
Why Diversify? Stocks vs. Indexes and IFA Index Portfolios
 498 
High Volatility: New IFA Index Portfolio 100
 499 
Moderate Volatility: New IFA Index Portfolio 50
 500 
Low Volatility: New IFA Index Portfolio 10
 501 
Simulated Passive Investor Experiences (SPIEs) in IFA Index Portfolios
 502 
Simulated Passive Investor Experience
 503 
Monthly Returns of Old IFA Index Portfolios
 504 
Quarterly Returns of Old IFA Index Portfolios
 505 
Annual Returns of Old IFA Index Portfolios
 506 
Positive vs. Negative Returns in Various Time Periods of Original IFA Index Portfolios
 507 
Percentage Days with Gains Versus Annual Returns of S&P 500 Index
 508 
Percentage Days with Gains of S&P 500 Index Versus Years

Step 9: History

 509 
Annualized Returns of Various Indexes
 510 
Time Series Construction of the IFA Indexes
 511 
Growth of a Dollar for IFA U.S. Indexes Over the Long Term
 512 
Market Turmoil and the Dow Jones Industrial Average
 513 
Explanation of 12-Year Monthly Rolling Periods
 514 
Index Comparisons
 515 
Large, Small, Value and Growth Indexes Around the World

In Articles Related to Step 9:

 516 
Returns of IFA Domestic Equity Indexes
 517 
Returns of IFA International Equity Indexes
 518 
Returns of IFA Emerging Markets Equity Indexes
 519 
Returns of IFA Real Estate Index
 520 
Returns of IFA Fixed Income Indexes
 521 
Return of IFA Index Portfolios
 522 
IFA Index Portfolios
 523 
Returns of IFA Domestic Equity Indexes
 524 
Returns of IFA International Equity Indexes
 525 
Returns of IFA Emerging Markets Equity Indexes
 526 
Returns of IFA Real Estate Index
 527 
Returns of IFA Fixed Income Indexes
 528 
Return of IFA Index Portfolios
 529 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 530 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 531 
Returns of IFA Domestic Equity Indexes
 532 
Returns of Domestic Equity Blend in IFA Index Portfolios
 533 
Returns of IFA International Equity Indexes
 534 
Returns of International Equity Blend in IFA Index Portfolios
 535 
Returns of IFA Emerging Markets Equity Indexes
 536 
Returns of IFA Real Estate Index
 537 
Returns of IFA Fixed Income Indexes
 538 
Year End Return of IFA Index Portfolios
 539 
Annual Returns in Excess of Inflation
 540 
Returns of IFA Domestic Equity Indexes
 541 
Returns of IFA Domestic Equity Indexes
 542 
Domestic Equity Blends in IFA Index Portfolios
 543 
Returns of IFA International Equity Indexes
 544 
Returns of IFA International Equity Indexes
 545 
International Equity Blends in IFA Index Portfolios
 546 
Emerging Markets Equity Blends in IFA Index Portfolios
 547 
Fixed Income in IFA Index Portfolios
 548 
IFA Index Portfolios Q3/2013 and YTD Performance
 549 
Private Equity Strategies
 550 
Average Annualized Returns of US Private Equity and IFA Indexes
 551 
Relationship Between Equity Returns and Economic Freedom Rank
 552 
Risk vs Reward for 18 Developed Countries
 553 
Equity Returns According to Economic Freedom Rank
 554 
Economic Freedom and Stock Returns
 555 
Risk and Return of 20 Original IFA Index Portfolios and S&P 500 Index
 556 
The Market's Response to Crisis
 557 
Recessions and Unemployment
 558 
Recessions and Unemployment
 559 
Recessions and Unemployment
 560 
Recessions and Unemployment
 561 
Recessions and Unemployment
 562 
Correlation Matrix for 15 IFA Indexes
 563 
Recovery of IFA Index Portfolios and S&P 500 Index
 564 
The Lost Decade? Old IFA Index Portfolios versus S&P 500 Index

Step 10: Risk Capacity

In Articles Related to Step 10:

 565 
Volatility per Decade for IFA U.S. Indexes
 566 
Volatility per Decade for IFA International Indexes
 567 
Volatility per Decade for IFA Emerging Market Indexes
 568 
IFA Emerging Markets Small Cap Index
 569 
Benchmark Returns of Global Markets
 570 
Risk and Return of Global Market Benchmarks
 571 
Survivorship and Outperformance - Equity Funds
 572 
Histograms of Simulated Passive Investor Experiences in Original IFA Index Portfolios
 573 
FactSheet Figure 2 and 3 for NEWport
 574 
Time Diversification of 20 Original IFA Index Portfolios Based on Monthly Rolling Data
 575 
People: 5 Dimensions of Risk Capacity
 576 
Index Portfolios: 5 Dimensions of Risk Exposure
 577 
The Color Risk Spectrum
 578 
Color of Risk Spectrum Used for Risk Capacity and Risk Exposure
 579 
Capacity Exposure Optimization

Step 11: Risk Exposure

 580 
General Asset Allocations of the IFA Index Portfolios
 581 
Roller Coaster of Risk and Return of New IFA Index Portfolios
 582 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 583 
iShares ETFs vs Dimensional Funds in IFA Index Portfolios
 584 
Investment Advisors' Ratings of Fund Companies
 585 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 586 
Distribution of Monthly Returns of IFA Index Portfolios
 587 
Risk and Return of 20 IFA Index Portfolios and S&P 500 Index
 588 
Growth of $1,000 in 100 Index Portfolios

In Articles Related to Step 11:

 589 
General Asset Allocations of the IFA Index Portfolios
 590 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 591 
Time Diversification of IFA Index Portfolios
 592 
Why Diversify? Stocks vs Indexes and IFA Index Portfolios
 593 
Histograms of Simulated Passive Investor Experiences in IFA Index Portfolios
 594 
Simulated Passive Investor Experiences (SPIEs) in IFA Index Portfolios
 595 
Distribution of Monthly Returns of IFA Index Portfolios
 596 
Positive vs. Negative Returns in IFA Index Portfolios
 597 
High-Median-Low Monthly Rolling Period Analysis in IFA Index Portfolios
 598 
Index Comparisons
 599 
IFA Index Portfolios
 600 
Roller Coaster of Risk and Return for IFA Index Portfolios and IFA Indexes
 601 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 602 
Style Drifters: Can You Pick the Next Country Winner?
 603 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 604 
Significance of Alpha of Dreyfus U.S. Mutual Funds with 10 Yrs of Data*
 605 
Significance of Alpha of BNY Mellon U.S. Mutual Funds with 10 Yrs of Data*
 606 
Statistical Significance of Alpha of Columbia U.S. Mutual Funds with 10 Yrs of Data*
 607 
Significance of Alpha of Vanguard U.S. Mutual Funds with 10 Yrs of Data*
 608 
Statistical Significance of Alpha of Invesco U.S. Mutual Funds with 10 Yrs of Data*
 609 
Statistical Significance of Alpha of T.Rowe U.S. Mutual Funds with 10 Yrs of Data*
 610 
Histograms of Simulated Passive Investor Experiences in IFA Index Portfolios
 611 
Statistical Significance of Alpha Among 435* U.S. Mutual Funds
 612 
Statistical Significance of Alpha of Midas U.S. Mutual Funds with 10 Yrs of Data*
 613 
Midas' (MIDSX) Alpha Relative to Its Benchmark
 614 
Midas Magic (MISEX) Alpha Relative to Its Benchmark
 615 
Midas Perpetual Portfolio (MPERX) Alpha Relative to Its Benchmark
 616 
Significance of Alpha for Oppenheimer U.S. Mutual Funds with 10 Yrs of Data*
 617 
Statistical Significance of Alpha of Wells Fargo U.S. Mutual Funds with 10 Yrs of Data*
 618 
Histograms of Simulated Passive Investor Experiences in IFA Index Portfolios
 619 
PowerShares FTSE RAFI US 1000 ETF-DFA
 620 
PowerShares FTSE RAFI US 1500 Sm-Mid ETF-DFA
 621 
PowerShares FTSE RAFI Dev Mkts ex-US ETF-DFA
 622 
PowerShares FTSE RAFI DvMkt exUS SM ETF - DFA
 623 
PowerShares FTSE RAFI Emerging Mkts ETF - DFA
 624 
Powershares T-Stat Chart 8
 625 
Powershares T-Stat Chart Add1
 626 
Powershares T-Stat Chart Add2
 627 
PowerShares FTSE RAFI DvMkt exUS SM ETF
 628 
Powershares T-Stat Chart Add3
 629 
Powershares T-Stat Chart 7
 630 
Powershares T-Stat Chart 1
 631 
Powershares T-Stat Chart 2
 632 
Powershares T-Stat Chart 3
 633 
Powershares T-Stat Chart 4
 634 
Powershares T-Stat Chart 5
 635 
Powershares T-Stat Chart 6
 636 
Powershares T-Stat Chart 9
 637 
Powershares T-Stat Chart 10
 638 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 639 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 640 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 641 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 642 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 643 
IFA Index Portfolio 100 and S&P 500 Index Returns
 644 
Large, Small, Value & Growth Indexes Around the World
 645 
Annualized Returns of IFA Indexes
 646 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 647 
Vanguard vs Dimensional Fund Advisors
 648 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 649 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 650 
DFA Passive Funds with an Advisor vs. All No-Load Index Funds
 651 
NACUBO Endowments vs. Comparable Allocations of the IFA Index Portfolios*
 652 
Percentage of US Real Estate Funds that Underperformed the S&P US REIT Index
 653 
Annualized Returns of Real Estate Funds and Indexes
 654 
Correlations Based on Annual Returns
 655 
Risk Return Scatter Plot of the Fama French Five Risk Factors
 656 
IFA Index Portfolios
 657 
Citigroup World Government Bond Index
 658 
Performance of Two Large Non-Traditional Bond Funds
 659 
2014 Annual Advisor Brandscape Survey of 1,437 Financial Advisors
 660 
What Americans Thought Were Their Best Long-Term Investments
 661 
Surveyed Americans Who Choose to Invest In Stocks/Mutual Funds
 662 
Surveyed Americans Who Choose to Invest In Savings Accounts/CDs
 663 
Gold and Silver Index vs IFA Index Portfolios and Indexes
 664 
Scoring Differences for Equity Funds
 665 
Scoring Differences for Bond Funds
 666 
Reward vs. Risk for Small Cap Indexes
 667 
Reward vs. Risk for Small Cap Indexes
 668 
Returns of IFA Domestic Equity Indexes
 669 
Returns of IFA International Equity Indexes
 670 
Returns of IFA Emerging Markets Equity Indexes
 671 
Returns of IFA Real Estate Index
 672 
Returns of IFA Fixed Income Indexes
 673 
Return of IFA Index Portfolios
 674 
Global Market Breakdown
 675 
Average Annual Returns of the Fama French Three Factor Model
 676 
Risk Factors Explain Returns in Diversified Equity Portfolios
 677 
Vanguard vs Dimensional Fund Advisors
 678 
Asset Allocation of IFA's Index Portfolios Utilizing Vanguard Funds
 679 
Vanguard Target Retirement Funds vs. Old IFA Index Portfolios on Glide Path
 680 
Asset Allocation of IFA's Index Portfolios Utilizing iShares ETFs
 681 
Sample Schwab Index Portfolios vs. Old IFA Index Portfolios
 682 
Sample Fidelity Index Portfolios vs. Old IFA Index Portfolios
 683 
Sample T. Rowe Price Index Portfolios vs. Old IFA Index Portfolios
 684 
Fidelity Freedom Funds vs. Old IFA Index Portfolios on Glide Path
 685 
Dimensional Fund Advisors (DFA) Performance Against Conventional Benchmarks
 686 
Dimensional Mutual Fund Portfolios vs Dimensional Index Portfolios
 687 
Joe's and Sue's Different Cash Flows
 688 
Does It Pay to Extend Bond Maturities Beyond 5 Yrs Considering a Risk Budget?
 689 
Annualized Returns of DFA Funds vs Similar Benchmarks
 690 
New IFA Index Portfolios vs Original IFA Index Portfolios
 691 
OLD IFA Portfolio 90 vs NEW IFA Portfolio 100 Lowest Rolling Period Return Comparison
 692 
Original IFA Index Portfolio 90 vs. IFA Index Portfolio 100
 693 
Applying Direct Profitability Factor to U.S. Value Portfolios
 694 
Applying Direct Profitability to International Large Value
 695 
Applying Direct Profitability to International Small Value
 696 
Applying Direct Profitability to Small and Value Indexes and IFA Index Portfolio 100
 697 
PIMCO Total Return Instl
 698 
IFA Index Portfolio Fixed Income (FI) & IFA Index Portfolio 50
 699 
The Random Walker, Visualizing How Markets Work

Step 12: Invest and Relax

 700 
Emotions of Rebalancers
 701 
The Value of Human and Financial Capital in IFA Index Portfolios
 702 
Emotions of Tax Loss Harvesters
 703 
Probability of Portfolio Survival During Retirement Years

In Articles Related to Step 12:

 704 
Stock Picking Skill Statistically Indistinguishable from Zero
 705 
IFA Client Success at Capturing Benchmark Index Returns
 706 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 707 
Distribution of Retirement Assets by Account Type
 708 
Total Retirement Assets by Account
 709 
Trend in Target-Date Retirement Assets
 710 
What Did Plan Participants Do After Receiving Expert Guidance?
 711 
Total Savings Rate Change for Plan Participants Who Received Expert Guidance
 712 
What Percentage of Plan Participants Received the Maximum Employer Match?
 713 
Results of the 2014 Retirement Income Literacy Survey
 714 
Distribution of $24 Trillion of Retirement Assets
 715 
Types of Investment Vehicles in 35,472 401(k) Plans
 716 
Percentage of 401(k) Plans Offering Index Funds
 717 
Contribution Limits Change from 2014 to 2015
 718 
20,950 Recommendations from 29 Investment Consulting Firms
 719 
IFA Client Success at Capturing Benchmark Index Returns
 720 
IFA Client Success at Capturing Benchmark Index Returns
 721 
Reward vs. Risk for PIMCO Total Return P Shares and Its Assigned Benchmarks
 722 
PIMCO Total Return P Shares compared to it's Previous Assigned Benchmark
 723 
PIMCO Total Return P Shares
 724 
Reward vs. Risk for PIMCO Total Return P Shares and IFA Indexes
 725 
American Funds New Perspective R6
 726 
Style Drift of American Funds New Perspective R6 Shares
 727 
Pimco High Yield Instl
 728 
T Rowe Price Retirement Income
 729 
T Rowe Price Retirement 2010
 730 
T Rowe Price Retirement 2020
 731 
T Rowe Price Retirement 2030
 732 
T Rowe Price Retirement 2040
 733 
T Rowe Price Retirement 2050
 734 
Baron Small Cap Instl
 735 
Fidelity Advisor Growth Opps I
 736 
Goldman Sachs Mid Cap Value Instl
 737 
MainStay Large Cap Growth I
 738 
MFS Value I
 739 
Scout Mid Cap
 740 
American Funds Europacific Growth R6
 741 
Capitulation Rates by Vanguard 401(k) Plan Participants in a Bear Market
 742 
Target Date Index Portfolio Glide Path Quick Guide - TD Balls
 743 
FactSheet Figure 2 and 3 for NEWport
 744 
People and Portfolios: IFA's Glide Path for Retirement Success
 745 
Vanguard and S&P Target Dates vs IFA Target Date Index Portfolios
 746 
Concentration Risk: Indexes vs. One Stock
 747 
Why Diversify? Stocks vs Indexes and IFA Index Portfolios
 748 
Value of Tax Loss Harvesting In Different Periods and Tax Rates (% of AUM)
 749 
Value of Tax Loss Harvesting Across Different Benefit Periods and Tax Rates (Fee)
 750 
Required Minimum Distributions for IRAs
 751 
Longevity for a 65-Year-Old Married Couple
 752 
Dimensional vs Vanguard: Estimated Net Flows ($)
 753 
Dimensional vs Vanguard: Estimated Net Flows (%)
 754 
American Funds - Estimated Net Flows
 755 
Percentage of Months Asset Class Beats S&P 500 Index by 3% or More