Articles From Mark Hebner (146)

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  • Index Fund Advisor's Qualifications

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    by Mark Hebner — Tuesday, April 25, 2017

    The financial advisory business has a very low barrier to entry. Actually, let me rephrase that. It has absolutely NO barrier to entry. Your neighbor, hair stylist, or even your pastor can give financial advice. Deciding which financial advice to follow is the hard part. Believe ...Read More

  • Time for the Fire Drill

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    by Mark Hebner — Monday, April 10, 2017

    Most of us remember the days at school when we had our routine fire drill. The fire alarms around the school would ring, we would all calmly and collectedly stand up, form a line, and walk out of the school to a safe place. While I am sure many ...Read More

  • The 4th Quarter and Annual Review of 2016

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    by Mark Hebner — Wednesday, January 25, 2017

    There were a lot of great themes we could take out of 2016. Ideas like diversification and patience when targeting risk premiums all presented themselves this year. First, it is important to remind investors that 2016 had a very tough start. In the month of January, the S&P ...Read More

  • Managing Investor Expectations

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    by Mark Hebner — Wednesday, January 18, 2017

    Expectations can be a double edged sword. On one side, expectations represent what is most likely to take place, which can have practical value when talking about planning for the future. On the other hand, it can also set an “anchor” in the minds of investors, which ...Read More

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    Dimensional Fund Advisors: A Deeper Look At The Performance

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    by Mark Hebner — Monday, January 2, 2017

    As many of our readers know, we don’t think too highly of the active mutual fund industry. Not because we have a personal vendetta against them, but because their pursuit of attempting to outperform the market using other investors’ money has only enriched themselves ...Read More

  • Post Election Guidance From IFA – Stay the Course!

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    by Mark Hebner — Wednesday, November 9, 2016

    Most of us woke up this morning with a certain amount of uncertainty hanging over our heads. Similar to what we witnessed during the “Brexit” vote just five month earlier, polls, statisticians, and markets didn’t expect the outcome of this election. As some ...Read More

  • Trying to Avoid the "This Time Is Different" Mentality

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    by Mark Hebner — Thursday, November 3, 2016

    “The more things change, the more they stay the same.” – Jean-Baptiste Alphonse Karr   We have all said it before. Whether it comes to our finances or any other situation that involves what seems like a high degree of uncertainty, we are all predisposed to ...Read More

  • Financial Planning: The Importance of Asking Why?

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    by Mark Hebner — Thursday, November 3, 2016

    “Why?” It’s the question that our children often use and abuse to the point of our own mental and emotional capacity. While we end up resorting to the very popular choice of last resort -“cause I said so” – I often appreciate curiosity and ...Read More

  • IFA By the Numbers - 2016

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    by Mark Hebner — Monday, October 31, 2016

    It has become a tradition that we reflect on the prior year by collecting our IFA statistics (or, what has grown to be known as IFA By the Numbers) on the abundance and wealth of information we provide in dedication towards replacing speculation with an ...Read More

  • Your Wealth Advisor: The Educator and the Coach

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    by Mark Hebner — Monday, October 24, 2016

    “Everything Should Be Made as Simple as Possible, But Not Simpler” – Albert Einstein The role of a Wealth Advisor is constantly evolving. Most of our parents remember the days where the majority of “advisors” were simply stockbrokers who earned ...Read More

  • Index Funds: The Documentary Film

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    by Mark Hebner — Monday, August 8, 2016

    I am very proud to share this film with you and ask that you help spread the word. I’d also like to thank you for your support, your interest and your encouragement as my dedicated team and I continue to press on in our mission to change the way the world invests—by ...Read More

  • Good Advice

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    by Mark Hebner — Wednesday, February 17, 2016

    In today’s climate of one-page financial plans, bargain-basement fund pricing and automated investment tools, you may wonder whether you still need a living, breathing financial adviser. You do. But with a twist. First, we need to redefine traditional financial advice ...Read More

  • The Market Playing Peek-a-Boo

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    by Mark Hebner — Thursday, January 7, 2016

    Have you ever noticed how a newborn’s favorite game is peek-a-boo? Now you see it. Now you don’t. In 2015, global markets seemed particularly intent on playing peek-a-boo with ...Read More

  • You, Your Financial Well-Being and the Federal Reserve

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    by Mark Hebner — Tuesday, December 22, 2015

    It’s been nearly a decade in the making, but time has finally come: On December 16, 2015, the U.S. Federal Reserve (the Fed) raised the federal funds rate by 0.25 percent. In and of itself, it’s a small move. But it’s being reported as “a historic ...Read More

  • The Devil's Financial Dictionary

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    by Mark Hebner — Monday, December 7, 2015

    Jason Zweig is one of the few financial journalists who writes articles and books that actually contribute an investor's success in capturing the returns that markets have to offer. His books include  ...Read More

  • Advisor Risk - How Would You Rate Your Advisor's Risk?

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    by Mark Hebner — Wednesday, October 21, 2015

    When it comes to investing, we can identify many risks investors assume, either knowingly or not. At Index Fund Advisors, we see it as our core mission to get investors to take the risks that are worth taking (e.g. market, size, value, term and default) and avoid the ones that ...Read More

  • Advice That Adds Up During Down Markets

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    by Mark Hebner — Friday, October 16, 2015

    As recent global markets continue to test the patience of even some of the most stoic among us, how are you holding up? Are you finding it feasible (if not necessarily fun) to stick with your existing strategy, or have you been eying it with increasing suspicion of late? If ...Read More

  • A Focus on Fixed Income

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    by Mark Hebner — Monday, September 28, 2015

    Anyone who is keeping even a casual eye on financial headlines these days is aware that fixed income returns have been a moving target for a while now – at home and abroad. The general consensus is that rates will rise eventually. With almost nowhere to go but up, ...Read More

  • Mark Hebner

    RAFI ETFs: A Deeper Look at the Performance

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    by Mark Hebner — Friday, September 18, 2015

    For about the past ten years, there has been an on-going debate in the world of indexing centering around whether index funds should be weighted by capitalization (the traditional method) or by fundamental factors such as dividends, sales, book value, et al. Proponents of ...Read More

  • IFA Report Access

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    by Mark Hebner — Thursday, September 10, 2015

    Index Fund Advisors has always put our clients first. Whether it comes to investment advice, overall wealth management, a dedicated service team, or technological solutions to help with financial planning, we are all about making our client experience the best in the world. ...Read More

  • Forty-Two Years of a Random Walk Down Wall Street

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    by Mark Hebner — Thursday, September 3, 2015

    “If one of your New Year’s resolutions is to improve your personal finances, here’s a suggestion: Instead of picking up one of the scores of new works flooding into bookstores, reread an old one: A Random Walk Down Wall Street.” – New York Times If ...Read More

  • IFA Client Study - Maximizing Your Return Relative to a Benchmark [VIDEO]

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    by Mark Hebner — Tuesday, July 28, 2015

    What has been the value of following or not following the advice of Index Fund Advisors (IFA), regardless of what happens in the financial markets? A similar question was addressed by Vanguard Research in their Advisor’s Alpha article, where they estimated ...Read More

  • Celebrate Financial Independence - Invest & Relax

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    by Mark Hebner — Thursday, July 2, 2015

    In the next few days most of us will be thinking more about barbeques and bottle rockets than about freedom and independence. Cheers to those who fully partake in the uniquely American holiday. It’s with a grateful heart that I suggest we take a moment to think about both ...Read More

  • What Greece Means for Investors

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    by Mark Hebner — Tuesday, June 30, 2015

    Like a slow-motion glacier melting into a rushing river, it would appear that the markets have been swept into a period of heightened global uncertainty driven by a long-looming Greek debt crisis. If you’d like to understand the key factors involved in this economic ...Read More

  • Evidence-Based Insights: Financial Gurus and Other Unicorns

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    by Mark Hebner — Tuesday, June 16, 2015

    In our last piece, “Ignoring the Siren Song of Daily Market Pricing,” we explored how price-setting occurs in capital markets, and why investors should avoid reacting to breaking news. The cost and competition hurdles are just too tall. Today, we’ll explain why ...Read More

  • The Evidence on the Evidence: Assessing the Validity of Academia

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    by Mark Hebner — Thursday, June 11, 2015

    There's a reason we refer to our strategy for building durable, long-term wealth as evidence-based investing. There are a number of other terms we could use instead: Structured (getting warm), low-cost (definitely), passive (sometimes), indexing (close) … the list goes ...Read More

  • Give Your Graduate One More Piece of Advice

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    by Mark Hebner — Thursday, June 4, 2015

    The soccer games and ballet lessons are behind you, but as a parent, you may always feel the need to give advice to your children. At the same time, once they walk across that stage with degree in hand, seeking your advice may not top their list of ways to ...Read More

  • Evidence-Based Insights: You, the Market and the Prices You Pay

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    by Mark Hebner — Friday, May 29, 2015

    When it comes to investing (or anything in life worth doing well) it helps to know what you’re facing. In this case, that’s “the market.” How do you achieve every investor’s dream of buying low and selling high in a crowd of highly resourceful and ...Read More

  • Tax-Wise Investing Part II - You & Your Tax-Wise Team

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    by Mark Hebner — Tuesday, May 26, 2015

    In the first part of IFA’s series on Tax-Wise Investing, “You & Your Investments,” we explored how to engage in year-round tax-wise investing by adopting your own best practices as well as by favoring fund managers who are likewise keeping a tax-efficient ...Read More

  • Tax-Wise Investing - You & Your Investments

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    by Mark Hebner — Monday, May 18, 2015

    While “tax season” may imply that there is an optimal time to think about your income taxes, the best way to minimize your annual “pay-triotic duty” is to engage in year-round tax-wise investing, with ongoing best practices in: Your personal tax-efficient ...Read More

  • Dear Recovering Financial Advisors

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    by Mark Hebner — Wednesday, May 13, 2015

    I recently received an email from a long-time stockbroker who now works as a traditional financial advisor on the east coast. He very candidly described his long-time commitment to the active money game as being extremely tiresome and currently in direct conflict with what he ...Read More

  • A Simulation of the Random Nature of Stock Prices

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    by Mark Hebner — Tuesday, April 28, 2015

    Many measurements seem random, such as the heights of humans, the length of leaves, the roll of 5 dice, and the change of stock market prices. But when academics, statisticians and mathematicians view the world, they see patterns that others do not ...Read More

  • IFA FinPlan: Adjusting the Privacy and Alerts Settings

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    by Mark Hebner — Friday, February 6, 2015

    To get the most out of IFA FinPlan, we suggest taking a few minutes to adjust your privacy and alerts settings. This process is initiated by clicking on the “settings” link in the upper-right-hand corner of the IFA FinPlan home screen. The “Privacy” tab ...Read More

  • IFA FinPlan: Using the Vault Feature [VIDEO]

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    by Mark Hebner — Thursday, February 5, 2015

    Clients who have signed up for IFA FinPlan have the ability to securely store an unlimited number of files. In this article, we will discuss some of the files that you may want to upload to your vault. Please note that an iOS-enabled device may be used for this ...Read More

  • IFA FinPlan: A New, Free Technology for IFA Clients [VIDEO]

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    by Mark Hebner — Monday, January 5, 2015

    At Index Fund Advisors, we place an extremely high value on being able to see the whole picture of our client’s finances. This goes far beyond just managing their investable assets. Towards that end, today we proudly announce the expansion of our services, and a ...Read More

  • Do You Have a Trust and Will?

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    by Mark Hebner — Thursday, January 1, 2015

    We have often written about the woeful state of retirement readiness in the United States. According to Forbes, “Half of Americans don’t have any of the most basic estate planning documents, including a will, a living will and financial and medical powers of ...Read More

  • A Great New Video: How to Win the Loser's Game [VIDEO]

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    by Mark Hebner — Friday, November 7, 2014

    Here is a full-length landmark documentary by SensibleInvesting.tv, How to Win the Loser’s Game.  It is well worth your time to watch every minute of it.  It is about 80 minutes long and contains interviews with some of the biggest names and brightest ...Read More

  • Enhancing Returns in Passively Managed Bond Funds

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    by Mark Hebner — Wednesday, October 29, 2014

    While the title of this article may seem like an oxymoron, it definitely does not refer to the activity of seeking out mispriced bonds, for the bond market is efficient, with prices incorporating investor expectations of future cash flows and the risk-adjusted discount rates ...Read More

  • The Value of Following IFA's Advice

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    by Mark Hebner — Wednesday, October 1, 2014

    What is the value of staying invested in a globally-diversified risk-appropriate portfolio regardless of what happens in the financial markets? Admittedly, this is very difficult to quantify because there is no clear alternative to test it against. This problem was noted by ...Read More

  • Q&A with IFA: How Well Have the Funds in My 401(k) Performed?

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    by Mark Hebner — Tuesday, September 30, 2014

      Question: I was recently informed by my company that the majority of the funds in our 401(k) plan have beaten their benchmarks as of 8/31/2014. I find myself somewhat skeptical. Can you please help me analyze the performance of these funds to determine if, going forward, ...Read More

  • The Glide Path

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    by Mark Hebner — Monday, September 8, 2014

    IFA recommends a Glide Path strategy for all clients. This strategy reduces one index portfolio per year (1% less in asset allocation to stock indexes), based on the 100 Index Portfolio ...Read More

  • Q&A with IFA: Do Index Funds Contribute to Mispricing?

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    by Mark Hebner — Friday, August 29, 2014

    Question: Index funds buy stocks "blind" without regard to company fundamentals. Do their activities contribute to mispricing of securities? Note: The question above was originally addressed in DFA’s Fama/French Forum. Professor Fama gave his typical terse but to the ...Read More

  • Q&A with IFA: Unwinding a Large Stock Position

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    by Mark Hebner — Thursday, August 28, 2014

    Question: I hold a large stock position in the company that I used to work for. Can IFA help me unwind that position so that I can invest the proceeds into a diversified portfolio? Answer: In the past, we have helped many clients liquidate large stock positions which resulted ...Read More

  • The NACUBO Study

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    by Mark Hebner — Thursday, June 12, 2014

    You may think that college endowments, with all their access to academic knowledge and brainpower, would regularly hit home runs. You would be ...Read More

  • The Problem of High 401(k) Costs

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    by Mark Hebner — Monday, April 14, 2014

    In December of 2012, Demos, a liberal think tank, published The Retirement Savings Drain—The Hidden and Excessive Costs of 401(k)s. It caused quite a stir and provided much of the source material for the PBS Frontline Documentary, The Retirement Gamble. Recently, another ...Read More

  • Will "Go-Anywhere Funds" Get You to Your Destination?

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    by Mark Hebner — Monday, April 14, 2014

    When discussing the issue of style drift with prospective clients, we commonly hear an objection that goes something like, “Why should I care where my fund manager chooses to invest, as long as he is picking the asset class and securities with the highest returns?” ...Read More

  • Asset Location

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    by Mark Hebner — Friday, January 10, 2014

    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 multiple ...Read More