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 
2016 Passively Managed Fund Flows
 9 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 10 
Risk Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 11 
State Retirement Systems vs. Index Portfolios
 12 
Style Drifters: Can You Pick the Next Asset Class Winner?
 13 
Statistical Significance of Alpha of Fidelity U.S. Funds*
 14 
Luck vs Skill Among Mutual Fund Managers
 15 
Statistical Significance of Alpha of MFS U.S. Funds*
 16 
IFA Client Success at Capturing Benchmark Index Returns
 17 
The Capital Markets Have Rewarded Long-Term Investors
 18 
Average Alpha of US Large Blend Active Managers vs. S&P 500
 19 
Average Alpha of US Large Blend Active Managers During Market Corrections
 20 
IFA Client Success at Capturing Benchmark Index Returns
 21 
Estimated Net Fund Flows for Top Ten Funds
 22 
Asset Flows of Top Ten U.S. Fund Families
 23 
715 Funds that Were in the Top Quartile for the Year Ending 3/31/2010
 24 
428 Funds that Were in the Top Quartile for the Five Year Period Ending 3/31/2009
 25 
Allocation of Dollars Spent on Each Management Type
 26 
Stock Ownership Percentage by Income Percentile
 27 
Share of Wealth by Income Percentile
 28 
Estimated Net Cash Flows of the Top Ten Mutual Fund Companies
 29 
Estimated Net Cash Flows for the Top Ten Mutual Fund Companies as % of AUM
 30 
Percentage Share of Net Sales of U.S. ETFs and Mutual Funds
 31 
437 Foreign Equity Funds that were in the Top Half in 2009
 32 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 33 
Stock Picking Skill Statistically Indistinguishable from Zero
 34 
Index and Weighted Average Returns (Gross of Fees)
 35 
Index Fund Assets ($Billions)
 36 
Number of Index Funds
 37 
Fidelity Contra Fund
 38 
Fidelity® Diversified International T-Stat Analysis
 39 
Breakdown of Vanguard Advisor's Alpha
 40 
Canadian Domiciled Funds vs Benchmarks
 41 
Emerging Markets Funds vs Benchmarks
 42 
Active Funds vs Benchmarks
 43 
Domestic Active Funds vs Benchmarks
 44 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 45 
iShares ETFs vs Dimensional Funds in IFA Index Portfolios
 46 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 47 
Average Mutual Fund vs Average Fund Investor
 48 
How Funds Can Earn Big Returns But Still Lose Money
 49 
Why Invest in a Portfolio of Index Funds?
 50 
Active Domestic Equity Funds Performance

Step 2: Nobel Laureates

In Articles Related to Step 2:

 51 
Distribution of Monthly Returns in Selected Monthly Rolling Sample Periods
 52 
Risk Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 53 
Dimensions of Expected Returns
 54 
The Efficient Frontier
 55 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 56 
Survivorship and Outperformance: Equity Funds
 57 
Survivorship and Outperformance: Fixed Income Funds
 58 
Significance of Alpha Among U.S. Mutual Funds*
 59 
Statistical Significance of Alpha¹ Among 505² U.S. Mutual Funds
 60 
The University of Chicago List
 61 
Luck vs Skill Among Mutual Fund Managers
 62 
How Do Investors in a 'Behavioral' Fund Behave?
 63 
The Ranking of the 2013 Nobel Laureates in Economics
 64 
Simulated Random Walk of Stock Prices
 65 
Emotions of Active Investors
 66 
Factors that Explain the Variation in Returns of Large Institutional Plans
 67 
The Fama and French Five Factor Model
 68 
237 Market Timing Newsletters
 69 
Large, Small, Value and Growth Indexes Around the World
 70 
Stock Picking Skill Statistically Indistinguishable from Zero
 71 
Before and After Hiring Returns of Investment Managers
 72 
Value Gained or Lost When Moving Assets From One Manager to Another
 73 
Nobel Foundation vs IFA Index Portfolios
 74 
Investment of Nobel Foundation vs IFA Index Portfolio 70
 75 
Excess Returns Over Benchmarks of Ten Active Managers
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

 76 
Stock Picking Skill Statistically Indistinguishable from Zero
 77 
Evidence of a Lack of Stock Picking Skill Among Fund Managers
 78 
Survivors and Winners of S&P 500 Stocks
 79 
Largest Bankruptcies
 80 
Returns of Admired Companies vs. Spurned Ones
 81 
Fortune Magazine's Ten Most Admired Companies in 2001 vs IFA Index Portfolios

In Articles Related to Step 3:

 82 
The Return Differences of Total US Market minus 30-day T-Bill
 83 
The Return Difference of US Value Stocks minus US Growth Stocks
 84 
The Return Differences of US Small Cap Stocks minus US Large Cap Stocks
 85 
The Return Differences of US Small Value Index minus US Large Growth Index
 86 
The Return Differences of IFA Index Portfolio 100 minus S&P 500 Index
 87 

Number of Years Needed for a Statistical Significant Alpha
 88 
How to Calculate a t-statistic for Any Data Set
 89 
Fidelity's (FFIDX) Alpha Relative to Its Benchmark
 90 
Fidelity Advisor Capital Development O's (FDETX) Alpha Relative to Its Benchmark
 91 
Fidelity Advisor Equity Growth I's (EQPGX) Alpha Relative to Its Benchmark
 92 
Fidelity Advisor Growth Opps T's (FAGOX) Alpha Relative to Its Benchmark
 93 
Fidelity Blue Chip Growth's (FBGRX) Alpha Relative to Its Benchmark
 94 
Fidelity Capital Appreciation's (FDCAX) Alpha Relative to Its Benchmark
 95 
Fidelity Contrafund's (FCNTX) Alpha Relative to Its Benchmark
 96 
Fidelity Export & Multinational's (FEXPX) Alpha Relative to Its Benchmark
 97 
Fidelity Growth Company's (FDGRX) Alpha Relative to Its Benchmark
 98 
Fidelity Independence's (FDFFX) Alpha Relative to Its Benchmark
 99 
Fidelity Magellan's (FMAGX) Alpha Relative to Its Benchmark
 100 
Fidelity New Millennium's (FMILX) Alpha Relative to Its Benchmark
 101 
Fidelity OTC Portfolio's (FOCPX) Alpha Relative to Its Benchmark
 102 
Fidelity Stock Selec All Cp's (FDSSX) Alpha Relative to Its Benchmark
 103 
Fidelity Trend's (FTRNX) Alpha Relative to Its Benchmark
 104 
Fidelity Advisor Diversified Stock O's (FDESX) Alpha Relative to Its Benchmark
 105 
Fidelity Spartan 500 Index Inv's (FUSEX) Alpha Relative to Its Benchmark
 106 
Fidelity Disciplined Equity's (FDEQX) Alpha Relative to Its Benchmark
 107 
Fidelity Dividend Growth's (FDGFX) Alpha Relative to Its Benchmark
 108 
Fidelity Growth & Income Portfolio's (FGRIX) Alpha Relative to Its Benchmark
 109 
Fidelity Advisor Equity Income I's (EQPIX) Alpha Relative to Its Benchmark
 110 
Fidelity Equity Dividend Income's (FEQTX) Alpha Relative to Its Benchmark
 111 
Fidelity Equity-Income's (FEQIX) Alpha Relative to Its Benchmark
 112 
Fidelity Growth Strategies's (FDEGX) Alpha Relative to Its Benchmark
 113 
Fidelity Mid-Cap Stock's (FMCSX) Alpha Relative to Its Benchmark
 114 
Fidelity Advisor Value Strategies T's (FASPX) Alpha Relative to Its Benchmark
 115 
Fidelity Low-Priced Stock's (FLPSX) Alpha Relative to Its Benchmark
 116 
Fidelity Value's (FDVLX) Alpha Relative to Its Benchmark
 117 
Fidelity Stock Selector Small Cap's (FDSCX) Alpha Relative to Its Benchmark
 118 
Fidelity Real Estate Investment Port's (FRESX) Alpha Relative to Its Benchmark
 119 
Fidelity Select Telecommunications Port's (FSTCX) Alpha Relative to Its Benchmark
 120 
Fidelity Select Automotive Port's (FSAVX) Alpha Relative to Its Benchmark
 121 
Fidelity Select Construction & Hsg Port's (FSHOX) Alpha Relative to Its Benchmark
 122 
Fidelity Select Consumer Discret Port's (FSCPX) Alpha Relative to Its Benchmark
 123 
Fidelity Select Leisure Portfolio's (FDLSX) Alpha Relative to Its Benchmark
 124 
Fidelity Select Multimedia Portfolio's (FBMPX) Alpha Relative to Its Benchmark
 125 
Fidelity Select Retailing Portfolio's (FSRPX) Alpha Relative to Its Benchmark
 126 
Fidelity Select Consumer Staples Port's (FDFAX) Alpha Relative to Its Benchmark
 127 
Fidelity Advisor Energy T's (FAGNX) Alpha Relative to Its Benchmark
 128 
Fidelity Select Energy Portfolio's (FSENX) Alpha Relative to Its Benchmark
 129 
Fidelity Select Energy Service Port's (FSESX) Alpha Relative to Its Benchmark
 130 
Fidelity Select Natural Gas Portfolio's (FSNGX) Alpha Relative to Its Benchmark
 131 
Fidelity Select Banking Portfolio's (FSRBX) Alpha Relative to Its Benchmark
 132 
Fidelity Select Brokerage & Invmt Mgmt's (FSLBX) Alpha Relative to Its Benchmark
 133 
Fidelity Select Consumer Finance Port's (FSVLX) Alpha Relative to Its Benchmark
 134 
Fidelity Select Financial Services Port's (FIDSX) Alpha Relative to Its Benchmark
 135 
Fidelity Select Insurance Port's (FSPCX) Alpha Relative to Its Benchmark
 136 
Fidelity Select Biotechnology Portfolio's (FBIOX) Alpha Relative to Its Benchmark
 137 
Fidelity Select Health Care Portfolio's (FSPHX) Alpha Relative to Its Benchmark
 138 
Fidelity Select Medical Delivery Port's (FSHCX) Alpha Relative to Its Benchmark
 139 
Fidelity Select Air Transportation Port's (FSAIX) Alpha Relative to Its Benchmark
 140 
Fidelity Select Defense & Aero Port's (FSDAX) Alpha Relative to Its Benchmark
 141 
Fidelity Select Envir and Alt Engy Port's (FSLEX) Alpha Relative to Its Benchmark
 142 
Fidelity Select Industrial Equip Port's (FSCGX) Alpha Relative to Its Benchmark
 143 
Fidelity Select Transportation's (FSRFX) Alpha Relative to Its Benchmark
 144 
Fidelity Select Chemicals Portfolio's (FSCHX) Alpha Relative to Its Benchmark
 145 
Fidelity Select Materials Portfolio's (FSDPX) Alpha Relative to Its Benchmark
 146 
Fidelity Select Comms Equip Port's (FSDCX) Alpha Relative to Its Benchmark
 147 
Fidelity Select Computers Portfolio's (FDCPX) Alpha Relative to Its Benchmark
 148 
Fidelity Select Electronics Portfolio's (FSELX) Alpha Relative to Its Benchmark
 149 
Fidelity Select Software & Comp Port's (FSCSX) Alpha Relative to Its Benchmark
 150 
Fidelity Select Technology Portfolio's (FSPTX) Alpha Relative to Its Benchmark
 151 
Fidelity Select Utilities Portfolio's (FSUTX) Alpha Relative to Its Benchmark
 152 
Fidelity Telecom and Utilities's (FIUIX) Alpha Relative to Its Benchmark
 153 
NFJ Small Cap Value A Fund's Alpha Relative to Russell 2000 Value Index
 154 
Significance of Alpha Among U.S. Mutual Funds*
 155 
Legg Mason Value Trust Relative to Russell 1000 Index
 156 
Yacktman Focus Fund's Alpha Relative to Russell 1000 Value Index
 157 
Yacktman Fund's Alpha Relative to Russell 1000 Value Index
 158 
Stock Picking Skill Statistically Indistinguishable from Zero
 159 
Technology Stock Picker
 160 
Coins and Stocks
 161 
Short-Term Experience in Dice Rolls
 162 
Long-Term Experience in Dice Rolls
 163 
Distribution of Annual Occurences of the Stocks within the S&P 500
 164 
Distribution of S&P 500 Stocks
 165 
Distribution of S&P 500 Stocks
 166 
Distribution of S&P 500 Stocks
 167 
Distribution of Stocks* in the S&P 500 Annual Return
 168 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 169 
Luck vs Skill Among Mutual Fund Managers
 170 
Risk Factors Explain Returns in Diversified Equity Portfolios
 171 
Odds of Success
 172 
The Odds of Success Revisited
 173 
Gross and Net Annual Returns
 174 
1,446 Large Cap Blend Mutual Funds vs. the S&P 500 Index
 175 
Passive Beats Active in Equities, No Matter How You Slice It
 176 
Passive Beats Active in Fixed Income, No Matter How You Slice It
 177 
Stories From Blue Chip Companies
 178 
Equity Returns for Major Companies vs. 5 Old IFA Index Portfolios and S&P 500 Index
 179 
Excellent vs Unexcellent Company Ratio
 180 
Excellent vs. Unexcellent Company Porfolio Returns
 181 
Fidelity Magellan's Alpha over Many Years and Managers
 182 
Warren Buffett's Alpha: Berkshire Hathaway Relative to Russell 1000 Value Index
 183 
Warren Buffett's Alpha: Berkshire Hathaway Relative to Russell 1000 Value Index
 184 
Statistical Significance of Alpha¹ Among 946² U.S. Mutual Funds
 185 
Jensen Quality Growth J (JENSX) Alpha Relative to Its Benchmark
 186 
Significance of Alpha of American U.S. Mutual Funds*
 187 
Style Attribution and Index Drift of American Funds New Perspective A
 188 
Statistical Significance of Alpha of USAA U.S. Mutual Funds*
 189 
Statistical Significance of Alpha of Thrivent U.S. Funds*
 190 
Style Drifters: Can You Pick the Next Industrial Sector Winner? Rewind/Play:
 191 
Style Drift of Fidelity Select Health Care
 192 
Style Drift of Fidelity Select Software & Comp
 193 
Style Drift of Fidelity Biotechnology
 194 
Style Drift of Fidelity Contrafund
 195 
Style Drift of Fidelity New Millennium Fund
 196 
Style Drift of Fidelity Low-Priced Stock
 197 
Selection Criterias for Fidelity Funds
 198 
Statistical Significance of Alpha of Fidelity U.S. Funds*
 199 
JP Morgan Core Bond Select Alpha T-Stat Analysis
 200 
JP Morgan Short Duration Bond Select Alpha T-Stat Analysis
 201 
JP Morgan Mid Cap Value Instl Alpha T-Stat Analysis
 202 
JP Morgan Large Cap Growth Select Alpha T-Stat Analysis
 203 
JP Morgan Managed Income Institutional Alpha T-Stat Analysis
 204 
JP Morgan Strategic Income Opps A Alpha T-Stat Analysis
 205 
JP Morgan Income Builder A Alpha T-Stat Analysis
 206 
JP Morgan Investor Balanced A Alpha T-Stat Analysis
 207 
JP Morgan Equity Income Select Alpha T-Stat Analysis
 208 
JP Morgan Global Research Enh Idx Select Alpha T-Stat Analysis
 209 
JP Morgan US Equity Instl Alpha T-Stat Analysis
 210 
JP Morgan International Value I Alpha T-Stat Analysis
 211 
JP Morgan Investor Conservative Growth A Alpha T-Stat Analysis
 212 
JP Morgan Investor Growth Income A Alpha T-Stat Analysis
 213 
JP Morgan Investor Growth A Alpha T-Stat Analysis
 214 
Statistical Significance of Alpha of JP Morgan U.S. Funds*
 215 
Olstein All Cap Value C vs. DFA Fund Allocation and S&P 500 Index
 216 
Style Drift of Olstein All Cap Value C
 217 
Olstein All Cap Value Alpha T-Stat Analysis
 218 
Target Date Index Portfolio Glide Path Quick Guide - Pass Retirement
 219 
715 Funds that Were in the Top Quartile for the Year Ending 3/31/2010
 220 
Year-to-Date Net Flows
 221 
Osterweis Fund's Alpha Relative to Benchmark
 222 
Osterweis Strategic Income Fund's Alpha Relative to Benchmark
 223 
Zero Evidence of Stock Picking Skill in India
 224 
What Happened to the 403 Five-Star Funds From 2004?
 225 
428 Funds that Were in the Top Quartile for the Five Year Period Ending 3/31/2009
 226 
Alpha Chart of Hodges Small Cap Fund (HDPSX)
 227 
Alpha Chart of AMG Southern Small Cap Investor (SSSFX)
 228 
Style Drift of the Hodges Small Cap Fund (HDPSX)
 229 
Style Drift of the AMG Southern Sun Small Cap Fund (SSSFX)
 230 
Annualized Returns of PIMCO Total Return (PTTRX)
 231 
237 U.S. Mutual Funds vs IFA Indexes and Portfolios
 232 
The Breakdown of Alpha After Costs Among Active Mutual Fund Managers
 233 
The Hedge Fund Manager Hall of Shame
 234 
Vanguard Div Growth vs IFA Index Portfolios with IFA Indexes
 235 
Vanguard Dividend Growth vs IFA Index Portfolios and IFA Indexes
 236 
Vanguard Dividend Growth vs IFA Index Portfolios with IFA Indexes
 237 
Vanguard Dividend Growth vs IFA Index Portfolios and IFA Indexes
 238 
How Large of a Sample is Needed for Statistical Significance*
 239 
Histogram of S&P 500 Individual Company Returns
 240 
Royce Special Equity
 241 
Fidelity Contra Fund
 242 
Longleaf Partners
 243 
Selected American
 244 
T Rowe Price Mid-Cap Grth
 245 
Vanguard PRIMECAP
 246 
Fidelity Low-Priced Stock
 247 
Oakmark Select
 248 
Clipper
 249 
RS Small Cap Growth
 250 
Legg Mason Value
 251 
Gabelli Asset
 252 
T Rowe Price New Horizons
 253 
FPA Capital
 254 
Skyline Special Equities
 255 
Selected American
 256 
Sequoia
 257 
Weitz Partners III
 258 
Weitz Value Alpha Relative to Russell 1000 Index
 259 
Hennessy Focus 30
 260 
PIMCO Total Return Instl
 261 
Active Funds vs Benchmarks
 262 
Domestic Active Funds vs Benchmarks
 263 
Percentage of Active Domestic Equity Funds Beaten by Their Benchmarks
 264 
Percentage of Active Foreign Equity Funds Beaten by Their Benchmarks
 265 
Percentage of Active Real Estate Funds Beaten by Their Benchmarks
 266 
Percentage of Active Fixed Income Funds Beaten by Their Benchmarks
 267 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 268 
Reward vs. Risk for XYZ Capital Management (Before Management Fees)
 269 
XYZ Capital Management Alpha Relative to the DFA Small Cap Value Fund (DFSVX)
 270 
Percentage of Funds Remaining in the Top Half of Their Peers
 271 
Top 20 Worst Perfoming Dead Funds
 272 
Top Ponzi Schemes Shut Down by the SEC and Law Enforcement
 273 
Brown Capital Mgmt
 274 
Royce Special Equity Instl
 275 
American Fund World R4
 276 
Wasatch Small Cap Growth
 277 
Perkins Small Cap Value
 278 
Mathew China Investor

Step 4: Time Pickers

 279 
Forecast Accuracy: 74% Required to Beat the Market
 280 
The Problem With Market Timing: Missing The Best Days
 281 
The Allure Of Market Timing: Missing The Worst Days

In Articles Related to Step 4:

 282 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 283 
MSCI World Index (net div USD)
 284 
1-Year Monthly Rolling Periods of S&P 500 Index
 285 
25-Year Monthly Rolling Periods of S&P 500 Index
 286 
Historical Annual Return of US Stock Market
 287 
Growth of a Dollar for IFA U.S. Indexes Over the Long Term
 288 
Market Turmoil and the Dow Jones Industrial Average
 289 
Predictability of Monthly Returns for S&P 500 - Based on Previous Month's Return
 290 
Histogram of the Daily Percentage Returns for the S&P 500 for 2015
 291 
Histogram of the Daily Percentage Returns for the S&P 500 for 2014
 292 
Histogram of the Daily Percentage Returns for the S&P 500 for 2013
 293 
Histogram of the Daily Percentage Returns for the S&P 500 for 2012
 294 
Histogram of the Daily Percentage Returns for the S&P 500 for 2011
 295 
Histogram of the Daily Percentage Returns for the S&P 500 for 2016
 296 
Simulated Passive Investor Experience
 297 
Positive vs. Negative Returns in IFA Index Portfolios
 298 
Batting Averages of Time Pickers
 299 
How likely is it that one forecast will be correct?
 300 
Recovery of IFA Index Portfolios and S&P 500 One Year After the 2009 Low
 301 
Individual Investors: Mean Expected Return of vs. Lagged Return for the S&P 500
 302 
Investment Professionals: Forecasted Change vs. Prior Change in the S&P 500, 1990-2003
 303 
Predictability of Daily Returns for S&P 500 - Based on Previous Day's Returns
 304 
Predictability of Annual Returns for S&P 500 - Based on Previous 1-Year Returns
 305 
Predictability of 2-Year Avg. Returns for S&P 500 - Based on Previous 2-Year Avg. Returns
 306 
Predictability of 5-Year Avg. Returns for S&P 500 - Based on Previous 5-Year Avg. Returns
 307 
Predictability of 10-Year Avg. Returns for S&P 500 - Based on Previous 10-Year Avg. Returns
 308 
15,172 Recommendations from 237 Market Timing Newsletters
 309 
Performance of 237 Market Timing Newsletters
 310 
237 Market Timing Newsletters
 311 
Average Returns of Market Timing Newsletters

Step 5: Manager Pickers

 312 
How Many of Top 100 Funds Remain in the Top 100 the Following Year?
 313 
2009 Top Ten Managers and Subsequent Performance
 314 
2010 Top Ten Managers and Subsequent Performance
 315 
Persistence in 5-Year Performances of 249 Mutual Funds
 316 
Before and After Hiring Returns of Investment Managers
 317 
Managers' Performance Before and After Hiring or Firing
 318 
State Retirement Systems vs. Index Portfolios
 319 
State Retirement Systems vs. Index Portfolios
 320 
State Retirement Systems vs. Index Portfolios
 321 
State Retirement Systems vs. Index Portfolios
 322 
Morningstar manager of the year Alpha Chart
 323 
Morningstar manager of the year Alpha Chart
 324 
Morningstar manager of the year Alpha Chart
 325 
Morningstar manager of the year Alpha Chart

In Articles Related to Step 5:

 326 
ClearBridge Value C Fund Alpha Relative to Its Benchmark
 327 
Dimensional Indexes vs Russell Indexes
 328 
Nicholas Fund (NICSX) Alpha Relative to Its Benchmark
 329 
Style Drift of Nicolas Fund
 330 
Statistical Significance of Alpha of Nicholas Mutual Funds*
 331 
Nicholas Fund vs. IFA Index Allocation and S&P 500 Index
 332 
Statistical Significance of Alpha of JP Morgan U.S. Funds*
 333 
Mutual Fund Net Flows
 334 
Nicholas Fund's Alpha Relative to Prospectus Benchmark
 335 
Nicholas Fund vs Morningstar Category Index
 336 
Style Drift of Nicholas Fund
 337 
SEI US Managed Volatility A (SIIT)
 338 
Bloomber_SmeadValueInvestor
 339 
Bloomber_Vanguard PRIMECAP Inv
 340 
Bloomber_Vanguard PRIMECAP Inv
 341 
PRIMECAP Odyssey Aggressive Growth
 342 
SEI US Managed Volatility A (SIMT)
 343 
Glenmede Large Cap Growth
 344 
SEI US Managed Volatility A (SIMT)
 345 
JPMorgan Mid Cap Value A
 346 
Fidelity Mid Cap Value
 347 
Target and Copycat Fund Alpha by Year of Copying
 348 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 349 
Vanguard Study of Buy-and-Hold vs. Performance-Chasing
 350 
Hedge Fund Fees
 351 
NACUBO Endowments vs. Comparable Allocations of the IFA Index Portfolios*
 352 
Percentage of Active Funds Outperformed by the Benchmark in Bear Markets
 353 
Sequoia
 354 
Fairholme
 355 
Style Drift of Sequoia Fund
 356 
Style Drift of Fairholme Fund
 357 
Sequoia vs IFA
 358 
Fairholme - vs IFA
 359 
Percentage of Funds Remaining in the Top Half of Their Peers
 360 
Value Gained or Lost When Moving Assets From One Manager to Another
 361 
Cash Flows Between Money Managers
 362 
Transamerican High Yield Bond
 363 
Stock Picking Skill Statistically Indistinguishable from Zero
 364 
Active Fund Performances
 365 
RidgeWorth Alpha Charts - Large Cap Value
 366 
RidgeWorth Alpha Charts - Mid Cap Value
 367 
RidgeWorth Alpha Charts - small Cap Value
 368 
RidgeWorth Alpha Charts - Sel Large Cap Growth
 369 
RidgeWorth Alpha Charts- large cap growth
 370 
RidgeWorth Alpha Charts - Aggressive Growth Stock
 371 
RidgeWorth Alpha Charts - Small Cap Growth
 372 
RidgeWorth Alpha Charts - International
 373 
Morningstar manager of the year Alpha Chart
 374 
Morningstar manager of the year Alpha Chart
 375 
Morningstar manager of the year Alpha Chart
 376 
Fidelity Magellan's Alpha over Many Years and Managers
 377 
Warren Buffett's Alpha: Berkshire Hathaway Relative to Russell 1000 Value Index
 378 
GAMCO Funds Alpha Stats
 379 
Warren Buffett's Alpha: Berkshire Hathaway Relative to Russell 1000 Value Index
 380 
Olstein Alpha Chart
 381 
Increase in Reported Alpha from Using S&P 500 Benchmark
 382 
44 Actively Managed Funds
 383 
American Funds Washington Mutual A (AWSHX)
 384 
Four Funds That Experienced a Lower Drop Than The S&P 500
 385 
Before and After Hiring Returns of Investment Managers
 386 
Before and After Hiring Returns of Century Small Cap Select (CSMCX)
 387 
Before and After Hiring Returns of Century Small Cap Select (CSMCX)
 388 
Before and After Hiring Returns of Century Small Cap Select (CSMCX)
 389 
Before and After Hiring Returns of EuroPacific Growth (AEPGX)
 390 
Before and After Hiring Returns of EuroPacific Growth (AEPGX)
 391 
Before and After Hiring Returns of EuroPacific Growth (AEPGX)
 392 
Investment Managers' Performance Before & After Hiring & Firing Decisions
 393 
Investment Managers' Performance Before & After Hiring & Firing Decisions
 394 
Results of Manager Picking by Plan Sponsors
 395 
Before and After Hiring Returns of Investment Managers
 396 
Expected Return of IFA Indexes and Index Portfolio 100 Over US Total Market Index
 397 
Above Median Returns of Mutual Funds for the Recent 1-Year vs Prior 1-Year
 398 
Above Median Returns of Mutual Funds for the Recent 3-Years vs Prior 3-Years
 399 
Above Median Returns of Mutual Funds for the Recent 5-Years vs Prior 5-Years
 400 
Above Median Returns of Mutual Funds for the Recent 10-Years vs Prior 10-Years
 401 
Survivorship and Outperformance - Equity Funds
 402 
Survivorship and Outperformance - Fixed Income Funds
 403 
Return for One Year Ending 6/30/2013
 404 
Return for One Year Ending 6/30/2013
 405 
U.S. Hedge Funds' Assets Under Management
 406 
Hedge Fund Indexes Returns Accuracy
 407 
Survival of Hedge Funds
 408 
Breakdown of Hedge Fund Returns
 409 
State Retirement Systems vs. Index Portfolios
 410 
Royce Special Equity
 411 
Fidelity Contra Fund
 412 
Longleaf Partners
 413 
Selected American
 414 
T Rowe Price Mid-Cap Grth
 415 
Vanguard PRIMECAP
 416 
Fidelity Low-Priced Stock
 417 
Oakmark Select
 418 
Clipper
 419 
RS Small Cap Growth
 420 
Legg Mason Value
 421 
Gabelli Asset
 422 
T Rowe Price New Horizons
 423 
FPA Capital
 424 
Skyline Special Equities
 425 
Selected American

Step 6: Style Drifters

 426 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 427 
Style Drifters: Can You Pick the Next Country Winner?
 428 
Style Drifters: Can You Pick the Next Industrial Sector Winner? Rewind/Play:
 429 
Style Drift of Fidelity Magellan Fund
 430 
Style Drift of Vanguard Explorer Fund Investor Shares
 431 
Style Drift of American Funds Growth Fund of America A
 432 
24 Tactical Allocation Funds vs IFA Index Portfolios
 433 
Relative Style Purity of DFA U.S. Large Company Portfolio
 434 
Style Consistency Data on Equity Mutual Funds from SPIVA

In Articles Related to Step 6:

 435 
Go-Anywhere Funds Annual Excess Returns/Alpha
 436 
Style Drift Among Mutual Funds vs Fama/French Indexes

Step 7: Silent Partners

 437 
Ending Values of the Average Equity Fund vs. Index Fund
 438 
Pre-Tax and After-Tax Growth of $10,000
 439 
Value Lost to Taxes: Vanguard Index Funds vs. Morningstar Categories
 440 
Turnover Ratio of Categories vs. Vanguard
 441 
Expense Ratios: IFA vs All Mutual Funds

In Articles Related to Step 7:

 442 
Vanguard vs. Dimensional: US Large Blend Fund
 443 
Vanguard vs. Dimensional: Annual Return and Expense Ratio
 444 
Vanguard vs. Dimensional: Annualized Return and Growth of $1,000
 445 
Excess Return of Vanguard vs. Dimensional
 446 
Tax Managed Funds in Taxable Accounts vs. Non Tax Managed Funds (OLDports)
 447 
Tax Managed Funds in Taxable Accounts vs. Non Tax Managed Funds
 448 
Stock Picking Skill Statistically Indistinguishable from Zero
 449 
DFA Tax-Managed Funds vs. Vanguard and iShares ETFs
 450 
Annualized Post-Tax Returns of Standard and Tax-Managed Portfolios
 451 
The 3.8% Net Investment Income Tax Threshold Amounts
 452 
IFA's Advice for Mutual Funds in Taxable Accounts
 453 
Mutual Fund Turnover for DFA Tax-Managed Funds
 454 
Ten-Year After-Tax Returns for DFA Tax-Managed Funds
 455 
Ten-Year After-Tax Growth of $10,000 for DFA Tax-Managed Funds
 456 
Funds IFA Expect to Stop Purchase
 457 
Contribution Limits Change from 2013 to 2014
 458 
Tax Managed Funds in Taxable Accounts vs. Non Tax Managed Funds
 459 
Aggregate Trading Cost & Expense Ratios For Select Asset Classes
 460 
Annualized Returns For Select Funds
 461 
Top Marginal Tax Rate vs. S&P 500 Annual Return
 462 
Maximum Capital Gains Tax Rate vs. S&P 500 Annual Return

Step 8: Riskese

 463 
Bell-Shaped Curve Showing Standard Deviations
 464 
High Volatility Portfolio: Distribution of Monthly Returns
 465 
Low Volatility Portfolio: Distribution of Monthly Returns
 466 
Riskese: The Language of Risk
 467 
Concentration Risk: Indexes vs. One Stock
 468 
The Fama and French Five Factor Model
 469 
Market Risk Factor for U.S. Equities
 470 
Size Risk Factor for U.S. Equities
 471 
Value Risk Factor for U.S. Equities
 472 
Term Risk Factor for Fixed Income
 473 
Default Risk Factor for Fixed Income
 474 
Average Annual Returns of the Fama/French Risk Factors
 475 
Risk Return Scatter Plot of the Fama French Five Risk Factors

In Articles Related to Step 8:

 476 
Large, Small, Value and Growth Indexes Around the World
 477 
Average Annual Returns of the Fama French Three Factor Model
 478 
Roller Coaster of Risk and Return for IFA Index Portfolios and IFA Indexes
 479 
Distribution of Monthly Returns in Selected Monthly Rolling Sample Periods
 480 
Reward vs. Risk Based on Popularity
 481 
Treasury Yield Curve
 482 
Hypothetical Treasury Yield Curve
 483 
Hypothetical 1-Year Total Return of Different Maturity Bonds
 484 
Annualized Returns of Three DFA Bond Funds and Their Benchmarks
 485 
Average of Size Premium (SmB) over Two Consecutive Time Periods
 486 
Average of Size Premium (SmB) over Two Categories of Foreign Markets
 487 
Average of Size Premium (SmB) over Two Specifications
 488 
Dimensions of Annualized Returns (%)
 489 
Dimensions of Stock Returns
 490 
Motorola vs Hormel: Growth of a Dollar
 491 
Relationship Between Risk Factors and Expected Return
 492 
Expected Return of IFA Indexes and Index Portfolio 100 Over US Total Market Index
 493 
Does It Pay to Extend Bond Maturities Beyond 5 Yrs Considering a Risk Budget?
 494 
The Fama French Five Risk Factors - Average Annual Returns and Risks
 495 
Evidence of a Lack of Stock Picking Skill Among Fund Managers
 496 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 497 
ClearBridge Value C vs Russell 1000 Value (1/1/1983 - 12/31/2013)
 498 
Risk and Return Scatter Plot of Short-Term Global Bond Funds
 499 
Risk and Return Scatter Plot of One-Year Fixed Income Bond Funds
 500 
Risk and Return Scatter Plot of Short-Term Government Bond Funds
 501 
Annualized Returns and Tracking Error of AQR Momentum Funds*
 502 
Annualized Returns of AQR and Russell/MSCI Indexes*
 503 
Why Diversify? Stocks vs. Indexes and IFA Index Portfolios
 504 
High Volatility: New IFA Index Portfolio 100
 505 
Moderate Volatility: New IFA Index Portfolio 50
 506 
Low Volatility: New IFA Index Portfolio 10
 507 
Simulated Passive Investor Experience
 508 
Simulated Passive Investor Experiences (SPIEs) in IFA Index Portfolios
 509 
Monthly Returns of Old IFA Index Portfolios
 510 
Quarterly Returns of Old IFA Index Portfolios
 511 
Annual Returns of Old IFA Index Portfolios
 512 
Positive vs. Negative Returns in Various Time Periods of Original IFA Index Portfolios
 513 
Percentage Days with Gains Versus Annual Returns of S&P 500 Index
 514 
Percentage Days with Gains of S&P 500 Index Versus Years

Step 9: History

 515 
Annualized Returns of Various Indexes
 516 
Time Series Construction of the IFA Indexes
 517 
Growth of a Dollar for IFA U.S. Indexes Over the Long Term
 518 
Market Turmoil and the Dow Jones Industrial Average
 519 
Explanation of 12-Year Monthly Rolling Periods
 520 
Index Comparisons
 521 
Large, Small, Value and Growth Indexes Around the World

In Articles Related to Step 9:

 522 
Distribution of Monthly Returns of 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 
IFA Index Portfolios
 530 
Returns of IFA Domestic Equity Indexes
 531 
Returns of IFA International Equity Indexes
 532 
Returns of IFA Emerging Markets Equity Indexes
 533 
Returns of IFA Real Estate Index
 534 
Returns of IFA Fixed Income Indexes
 535 
Return of IFA Index Portfolios
 536 
The Dalbar Study: 30 Years of Average Equity Fund Investor vs. Indexes
 537 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 538 
Returns of IFA Domestic Equity Indexes
 539 
Returns of Domestic Equity Blend in IFA Index Portfolios
 540 
Returns of IFA International Equity Indexes
 541 
Returns of International Equity Blend in IFA Index Portfolios
 542 
Returns of IFA Emerging Markets Equity Indexes
 543 
Returns of IFA Real Estate Index
 544 
Returns of IFA Fixed Income Indexes
 545 
Year End Return of IFA Index Portfolios
 546 
Annual Returns in Excess of Inflation
 547 
Returns of IFA Domestic Equity Indexes
 548 
Returns of IFA Domestic Equity Indexes
 549 
Domestic Equity Blends in IFA Index Portfolios
 550 
Returns of IFA International Equity Indexes
 551 
Returns of IFA International Equity Indexes
 552 
International Equity Blends in IFA Index Portfolios
 553 
Emerging Markets Equity Blends in IFA Index Portfolios
 554 
Fixed Income in IFA Index Portfolios
 555 
IFA Index Portfolios Q3/2013 and YTD Performance
 556 
Private Equity Strategies
 557 
Average Annualized Returns of US Private Equity and IFA Indexes
 558 
Relationship Between Equity Returns and Economic Freedom Rank
 559 
Risk vs Reward for 18 Developed Countries
 560 
Equity Returns According to Economic Freedom Rank
 561 
Economic Freedom and Stock Returns
 562 
Risk and Return of 20 Original IFA Index Portfolios and S&P 500 Index
 563 
The Market's Response to Crisis
 564 
Recessions and Unemployment
 565 
Recessions and Unemployment
 566 
Recessions and Unemployment
 567 
Recessions and Unemployment
 568 
Recessions and Unemployment
 569 
Correlation Matrix for 15 IFA Indexes
 570 
Recovery of IFA Index Portfolios and S&P 500 Index
 571 
The Lost Decade? Old IFA Index Portfolios versus S&P 500 Index

Step 10: Risk Capacity

In Articles Related to Step 10:

 572 
Volatility per Decade for IFA U.S. Indexes
 573 
Volatility per Decade for IFA International Indexes
 574 
Volatility per Decade for IFA Emerging Market Indexes
 575 
IFA Emerging Markets Small Cap Index
 576 
Benchmark Returns of Global Markets
 577 
Risk and Return of Global Market Benchmarks
 578 
Survivorship and Outperformance - Equity Funds
 579 
Histograms of Simulated Passive Investor Experiences in Original IFA Index Portfolios
 580 
FactSheet Figure 2 and 3 for NEWport
 581 
Time Diversification of 20 Original IFA Index Portfolios Based on Monthly Rolling Data
 582 
People: 5 Dimensions of Risk Capacity
 583 
Index Portfolios: 5 Dimensions of Risk Exposure
 584 
The Color Risk Spectrum
 585 
Color of Risk Spectrum Used for Risk Capacity and Risk Exposure
 586 
Capacity Exposure Optimization
 587 
Capacity Exposure Optimization

Step 11: Risk Exposure

 588 
General Asset Allocations of the IFA Index Portfolios
 589 
Roller Coaster of Risk and Return of New IFA Index Portfolios
 590 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 591 
iShares ETFs vs Dimensional Funds in IFA Index Portfolios
 592 
Investment Advisors' Ratings of Fund Companies
 593 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 594 
Distribution of Monthly Returns of IFA Index Portfolios
 595 
Risk and Return of 20 IFA Index Portfolios and S&P 500 Index
 596 
Growth of $1,000 in 100 Index Portfolios

In Articles Related to Step 11:

 597 
General Asset Allocations of the IFA Index Portfolios
 598 
Risk and Return Scatter Plot of IFA Index Portfolios and IFA Indexes
 599 
Time Diversification of IFA Index Portfolios
 600 
Why Diversify? Stocks vs Indexes and IFA Index Portfolios
 601 
Histograms of Simulated Passive Investor Experiences in IFA Index Portfolios
 602 
Simulated Passive Investor Experiences (SPIEs) in IFA Index Portfolios
 603 
Distribution of Monthly Returns of IFA Index Portfolios
 604 
Positive vs. Negative Returns in IFA Index Portfolios
 605 
High-Median-Low Monthly Rolling Period Analysis in IFA Index Portfolios
 606 
Index Comparisons
 607 
IFA Index Portfolios
 608 
Roller Coaster of Risk and Return for IFA Index Portfolios and IFA Indexes
 609 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 610 
Style Drifters: Can You Pick the Next Country Winner?
 611 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 612 
Index Comparisons
 613 
Positive vs. Negative Returns in IFA Index Portfolios
 614 
Alpha Relative to Its Benchmark
 615 
Style Drifters: Can You Pick the Next Asset Class Winner?
 616 
Vanguard vs Dimensional Fund Advisors
 617 
Significance of Alpha of Dreyfus U.S. Mutual Funds with 10 Yrs of Data*
 618 
Significance of Alpha of BNY Mellon U.S. Mutual Funds with 10 Yrs of Data*
 619 
Statistical Significance of Alpha of Columbia U.S. Mutual Funds with 10 Yrs of Data*
 620 
Significance of Alpha of Vanguard U.S. Mutual Funds with 10 Yrs of Data*
 621 
Statistical Significance of Alpha of Invesco U.S. Mutual Funds with 10 Yrs of Data*
 622 
Statistical Significance of Alpha of T.Rowe U.S. Mutual Funds with 10 Yrs of Data*
 623 
Histograms of Simulated Passive Investor Experiences in IFA Index Portfolios
 624 
Statistical Significance of Alpha Among 435* U.S. Mutual Funds
 625 
Statistical Significance of Alpha of Midas U.S. Mutual Funds with 10 Yrs of Data*
 626 
Midas' (MIDSX) Alpha Relative to Its Benchmark
 627 
Midas Magic (MISEX) Alpha Relative to Its Benchmark
 628 
Midas Perpetual Portfolio (MPERX) Alpha Relative to Its Benchmark
 629 
Significance of Alpha for Oppenheimer U.S. Mutual Funds with 10 Yrs of Data*
 630 
Statistical Significance of Alpha of Wells Fargo U.S. Mutual Funds with 10 Yrs of Data*
 631 
Histograms of Simulated Passive Investor Experiences in IFA Index Portfolios
 632 
PowerShares FTSE RAFI US 1000 ETF-DFA
 633 
PowerShares FTSE RAFI US 1500 Sm-Mid ETF-DFA
 634 
PowerShares FTSE RAFI Dev Mkts ex-US ETF-DFA
 635 
PowerShares FTSE RAFI DvMkt exUS SM ETF - DFA
 636 
PowerShares FTSE RAFI Emerging Mkts ETF - DFA
 637 
Powershares T-Stat Chart 8
 638 
Powershares T-Stat Chart Add1
 639 
Powershares T-Stat Chart Add2
 640 
PowerShares FTSE RAFI DvMkt exUS SM ETF
 641 
Powershares T-Stat Chart Add3
 642 
Powershares T-Stat Chart 7
 643 
Powershares T-Stat Chart 1
 644 
Powershares T-Stat Chart 2
 645 
Powershares T-Stat Chart 3
 646 
Powershares T-Stat Chart 4
 647 
Powershares T-Stat Chart 5
 648 
Powershares T-Stat Chart 6
 649 
Powershares T-Stat Chart 9
 650 
Powershares T-Stat Chart 10
 651 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 652 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 653 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 654 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 655 
S&P GSCI Commodity Index vs IFA Index Portfolios and IFA Indexes
 656 
IFA Index Portfolio 100 and S&P 500 Index Returns
 657 
Large, Small, Value & Growth Indexes Around the World
 658 
Annualized Returns of IFA Indexes
 659 
Style Drifters: Can You Pick the Next Asset Class Winner? Rewind/Play:
 660 
Vanguard vs Dimensional Fund Advisors
 661 
Vanguard Funds vs. Dimensional Funds in IFA Index Portfolios
 662 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 663 
DFA Passive Funds with an Advisor vs. All No-Load Index Funds
 664 
NACUBO Endowments vs. Comparable Allocations of the IFA Index Portfolios*
 665 
Breakdown of Endowments by Size: Simple
 666 
Percentage of US Real Estate Funds that Underperformed the S&P US REIT Index
 667 
Annualized Returns of Real Estate Funds and Indexes
 668 
Correlations Based on Annual Returns
 669 
Risk Return Scatter Plot of the Fama French Five Risk Factors
 670 
IFA Index Portfolios
 671 
Citigroup World Government Bond Index
 672 
Performance of Two Large Non-Traditional Bond Funds
 673 
2014 Annual Advisor Brandscape Survey of 1,437 Financial Advisors
 674 
What Americans Thought Were Their Best Long-Term Investments
 675 
Surveyed Americans Who Choose to Invest In Stocks/Mutual Funds
 676 
Surveyed Americans Who Choose to Invest In Savings Accounts/CDs
 677 
Gold and Silver Index vs IFA Index Portfolios and Indexes
 678 
Scoring Differences for Equity Funds
 679 
Scoring Differences for Bond Funds
 680 
Distribution of Monthly Returns of IFA Index Portfolios
 681 
Reward vs. Risk for Small Cap Indexes
 682 
Reward vs. Risk for Small Cap Indexes
 683 
Returns of IFA Domestic Equity Indexes
 684 
Returns of IFA International Equity Indexes
 685 
Returns of IFA Emerging Markets Equity Indexes
 686 
Returns of IFA Real Estate Index
 687 
Returns of IFA Fixed Income Indexes
 688 
Return of IFA Index Portfolios
 689 
Global Market Breakdown
 690 
Average Annual Returns of the Fama French Three Factor Model
 691 
Risk Factors Explain Returns in Diversified Equity Portfolios
 692 
Vanguard vs Dimensional Fund Advisors
 693 
Asset Allocation of IFA's Index Portfolios Utilizing Vanguard Funds
 694 
Vanguard Target Retirement Funds vs. Old IFA Index Portfolios on Glide Path
 695 
Asset Allocation of IFA's Index Portfolios Utilizing iShares ETFs
 696 
Sample Schwab Index Portfolios vs. Old IFA Index Portfolios
 697 
Sample Fidelity Index Portfolios vs. Old IFA Index Portfolios
 698 
Sample T. Rowe Price Index Portfolios vs. Old IFA Index Portfolios
 699 
Fidelity Freedom Funds vs. Old IFA Index Portfolios on Glide Path
 700 
Dimensional Fund Advisors (DFA) Performance Against Conventional Benchmarks
 701 
Dimensional Mutual Fund Portfolios vs Dimensional Index Portfolios
 702 
Joe's and Sue's Different Cash Flows
 703 
Does It Pay to Extend Bond Maturities Beyond 5 Yrs Considering a Risk Budget?
 704 
Annualized Returns of DFA Funds vs Similar Benchmarks
 705 
New IFA Index Portfolios vs Original IFA Index Portfolios
 706 
OLD IFA Portfolio 90 vs NEW IFA Portfolio 100 Lowest Rolling Period Return Comparison
 707 
Original IFA Index Portfolio 90 vs. IFA Index Portfolio 100
 708 
Applying Direct Profitability Factor to U.S. Value Portfolios
 709 
Applying Direct Profitability to International Large Value
 710 
Applying Direct Profitability to International Small Value
 711 
Applying Direct Profitability to Small and Value Indexes and IFA Index Portfolio 100
 712 
PIMCO Total Return Instl
 713 
IFA Index Portfolio Fixed Income (FI) & IFA Index Portfolio 50

Step 12: Invest and Relax

 714 
Emotions of Rebalancers
 715 
The Value of Human and Financial Capital in IFA Index Portfolios
 716 
Emotions of Tax Loss Harvesters
 717 
Probability of Portfolio Survival During Retirement Years

In Articles Related to Step 12:

 718 
Why Diversify? Stocks vs. Indexes and IFA Index Portfolios
 719 
IFA BY THE NUMBERS 2017
 720 
Stock Picking Skill Statistically Indistinguishable from Zero
 721 
IFA Client Success at Capturing Benchmark Index Returns
 722 
Investor Success at Capturing Fund Returns With and Without Passive Advisors
 723 
Distribution of Retirement Assets by Account Type
 724 
Total Retirement Assets by Account
 725 
Trend in Target-Date Retirement Assets
 726 
What Did Plan Participants Do After Receiving Expert Guidance?
 727 
Total Savings Rate Change for Plan Participants Who Received Expert Guidance
 728 
What Percentage of Plan Participants Received the Maximum Employer Match?
 729 
Results of the 2014 Retirement Income Literacy Survey
 730 
Distribution of $24 Trillion of Retirement Assets
 731 
Types of Investment Vehicles in 35,472 401(k) Plans
 732 
Percentage of 401(k) Plans Offering Index Funds
 733 
Contribution Limits Change from 2014 to 2015
 734 
20,950 Recommendations from 29 Investment Consulting Firms
 735 
IFA Client Success at Capturing Benchmark Index Returns
 736 
IFA Client Success at Capturing Benchmark Index Returns
 737 
Reward vs. Risk for PIMCO Total Return P Shares and Its Assigned Benchmarks
 738 
PIMCO Total Return P Shares compared to it's Previous Assigned Benchmark
 739 
PIMCO Total Return P Shares
 740 
Reward vs. Risk for PIMCO Total Return P Shares and IFA Indexes
 741 
American Funds New Perspective R6
 742 
Style Drift of American Funds New Perspective R6 Shares
 743 
Pimco High Yield Instl
 744 
T Rowe Price Retirement Income
 745 
T Rowe Price Retirement 2010
 746 
T Rowe Price Retirement 2020
 747 
T Rowe Price Retirement 2030
 748 
T Rowe Price Retirement 2040
 749 
T Rowe Price Retirement 2050
 750 
Baron Small Cap Instl
 751 
Fidelity Advisor Growth Opps I
 752 
Goldman Sachs Mid Cap Value Instl
 753 
MainStay Large Cap Growth I
 754 
MFS Value I
 755 
Scout Mid Cap
 756 
American Funds Europacific Growth R6
 757 
Capitulation Rates by Vanguard 401(k) Plan Participants in a Bear Market
 758 
Target Date Index Portfolio Glide Path Quick Guide - TD Balls
 759 
FactSheet Figure 2 and 3 for NEWport
 760 
People and Portfolios: IFA's Glide Path for Retirement Success
 761 
Vanguard and S&P Target Dates vs IFA Target Date Index Portfolios
 762 
Concentration Risk: Indexes vs. One Stock
 763 
Why Diversify? Stocks vs Indexes and IFA Index Portfolios
 764 
Value of Tax Loss Harvesting In Different Periods and Tax Rates (% of AUM)
 765 
Value of Tax Loss Harvesting Across Different Benefit Periods and Tax Rates (Fee)
 766 
Required Minimum Distributions for IRAs
 767 
Longevity for a 65-Year-Old Married Couple
 768 
Dimensional vs Vanguard: Estimated Net Flows ($)
 769 
Dimensional vs Vanguard: Estimated Net Flows (%)
 770 
American Funds - Estimated Net Flows
 771 
Percentage of Months Asset Class Beats S&P 500 Index by 3% or More