Articles (121)

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Mark Hebner

Asset Location

20,474
by Mark Hebner
Updated: Thursday, August 15, 2019

An additional way that a passive advisor can add value is not just asset allocation but asset location. Specifically, for a client that has a mixture of taxable accounts, traditional IRAs, and Roth IRAs, it is often helpful to construct a single portfolio consisting of ...Read More

Article Library

  • Mark Hebner and IFA Contributors

    Advisor Alpha: The View from Vanguard

    9,617
    by Mark Hebner and Murray Coleman — Updated: Thursday, August 15, 2019

    At Index Fund Advisors, we have repeatedly cautioned investors to avoid getting ensnared in the never-ending pursuit of alpha by either picking stocks or ...Read More

  • murray@ifa.com

    2019 Q2 Market Review

    457
    by Murray Coleman — Thursday, July 25, 2019

    After logging strong returns in the opening three months of 2019, global equity markets slowed in the second ...Read More

  • Mark Hebner and Murray Coleman

    Selecting Investments Part 1

    56,393
    by Mark Hebner and Murray Coleman — Updated: Wednesday, July 24, 2019

    As a fiduciary for its clients, IFA only receives compensation from its clients and is therefore unbiased in its choice of ...Read More

  • Ian Liew

    SBBI: The Almanac of Returns Data

    13,768
    by Ian Liew and IFA Contributors — Updated: Friday, July 19, 2019

    Stocks, Bonds, Bills, and Inflation (SBBI) is often characterized as the Almanac of returns data. This magisterial work originally produced by Roger Ibbotson ...Read More

  • Mark Hebner

    Cash Withdrawal Considerations

    16,912
    by Mark Hebner — Updated: Thursday, July 18, 2019

    IFA is often in the position of accommodating regular cash withdrawal by its clients. The question is how to best generate cash for ...Read More

  • mike

    Tax Mistakes Reported by Politicians

    260
    by Murray Coleman — Tuesday, July 16, 2019

    The warnings about potential dangers of trying to file your own tax forms are well-documented. Indeed, we've explored at IFA Taxes many of the biggest blunders ...Read More

  • Brad Steiman

    Paradox of Skill

    15,330
    by Brad Steiman — Updated: Tuesday, July 9, 2019

    Manager selection is a process that requires analyzing noisy performance data, so it should lean heavily on the notion of statistical ...Read More

  • Eugene Fama: One of A Kind

    15,908
    by Mark Hebner and Murray Coleman — Updated: Wednesday, June 26, 2019

    Academics are a hallmark of the investment strategy that we recommend to our clients. While there are plenty of sales pitches professing some sort of new or ...Read More

  • Rex Sinquefield

    Active vs Passive Management

    25,415
    by Murray Coleman — Updated: Tuesday, June 25, 2019

    Active management is the art of stock picking and market timing. Passive management refers to a buy-and-hold approach to money management. It can be applied to ...Read More

  • Mark Hebner

    Calculations for t-Statistics

    49,574
    by Mark Hebner — Updated: Wednesday, May 22, 2019

    In calculating the t-stat, the first step is to determine the excess returns the manager earned above an appropriate ...Read More

  • Mark Hebner and IFA Contributors

    Profitability and a Four-Factor Model

    23,202
    by Mark Hebner and IFA Contributors — Updated: Tuesday, May 21, 2019

    When constructing or evaluating a domestic equity portfolio, Index Fund Advisors has traditionally utilized the three-factor asset pricing model that ...Read More

  • Murray Coleman

    2019 Q1 Market Review

    1,526
    by Murray Coleman — Wednesday, April 17, 2019

    Long-term minded investors shouldn't be surprised. Traders, however, could've been whipsawed by markets in ...Read More

  • Dimensional Fund Advisors

    The Index Bogeyman

    1,323
    by Dimensional Fund Advisors — Tuesday, April 2, 2019

    Over the last several years, index funds have received increased attention from investors and the financial media. Some have even made claims that the ...Read More

  • Dimensional Fund Advisors

    Getting to the Point of a Point

    959
    by Dimensional Fund Advisors — Wednesday, March 6, 2019

    A quick online search for “Dow rallies 500 points” yields a cascade of news stories with similar titles, as does a similar search for “Dow ...Read More

  • Dimensional Fund Advisors

    Deja Vu All Over Again

    989
    by Dimensional Fund Advisors — Tuesday, February 12, 2019

    Investment fads come and go. Letting short-term trends influence your approach may be counterproductive to pursuing your financial ...Read More

  • murray@ifa.com

    2018 Q4 Market Review

    1,513
    by Murray Coleman — Tuesday, February 5, 2019

    Emerging markets and global real estate stock indexes used in IFA portfolios outpaced U.S., developed international in ...Read More

  • Dimensional Fund Advisors

    Recent Market Volatility

    2,470
    by Dimensional Fund Advisors — Updated: Monday, December 24, 2018

    What should you make of recent ups and downs in the stock market? Here's helpful context on volatility and expected ...Read More

  • murray@ifa.com

    Savings Contribution Limits Go Up

    979
    by Murray Coleman — Thursday, December 20, 2018

    Contribution limits for 2019 for various retirement accounts are rising. Here's a breakdown of how much you can now save in a tax-friendly ...Read More

  • Mark Hebner and Murray Coleman

    Dividends and the Lag in Fund Values

    7,761
    by Mark Hebner and Murray Coleman — Updated: Tuesday, December 18, 2018

    At the end of each quarter, investors can see dividend and/or capital gain distributions from their mutual funds. The mechanics may seem confusing, so we want ...Read More

  • Murray Coleman

    2018 Q3 Market Review

    1,471
    by Murray Coleman — Wednesday, November 28, 2018

    With technology bellwethers Apple and Amazon becoming America's first companies with market capitalizations surpassing $1 trillion, blue chip domestic stocks ...Read More

  • Jim Parker

    A Question of Equilibrium

    1,432
    by Jim Parker — Tuesday, October 30, 2018

    "Sellers were out in force on the market today after negative news on the economy." It's a common line in TV finance reports. But have you ever wondered who is ...Read More