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  • Dimensional Fund Advisors

    Deja Vu All Over Again

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    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

  • Dimensional Fund Advisors

    Getting to the Point of a Point

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    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 drops 500 points.” These types of headlines may make little sense to some investors, given that a ...Read More

  • murray@ifa.com

    UBS, Morgan Stanley, Merrill Lynch Earn Regulators' Wrath

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    by Murray Coleman — Tuesday, December 10, 2019

    In the past, we've chronicled cases of misdeeds by brokers working with investors not only in the U.S., but also around the world. A development that made headlines recently involved a particularly well-known name in global banking and financial services: UBS.  According to ...Read More

  • murray@ifa.com

    2019 Q4 Review [VIDEO]

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    by Murray Coleman — Tuesday, January 28, 2020

     In the final quarter of 2019, investors were reminded of the importance of understanding how markets really ...Read More

  • murray@ifa.com

    Q1 2020 Market Review [VIDEO]

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    by Murray Coleman — Tuesday, May 5, 2020

     In the first quarter of 2020, investors were reminded of the importance of understanding how markets really ...Read More

  • murray@ifa.com

    Fear, Greed and Knowledge

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    by Mark Hebner and Murray Coleman — Wednesday, April 8, 2020

    It might not seem intuitive, but this graph shows valuable discipline is when markets ...Read More

  • murray@ifa.com

    2020 Q2 Market Review [VIDEO]

    1,881
    by Murray Coleman — Wednesday, July 29, 2020

    Stocks staged a dramatic second quarter reversal, highlighting the need for investors to remain ...Read More

  • mike

    Tax Mistakes Reported by Politicians

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    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 taxpayers have made in the past working on even the most basic of IRS accounting ...Read More

  • Dimensional Fund Advisors

    An Exceptional Value Premium

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    by Dimensional Fund Advisors — Friday, October 9, 2020

    It’s probably not news to most value investors that the value premium has struggled over the past decade. What might be news is just how extreme an outlier recent value stock underperformance represents. The periodic returns for value versus growth in Exhibit 1 convey a ...Read More

  • Weston Wellington

    Is the Stock Market Divorced From Reality?

    1,305
    by Weston Wellington — Thursday, September 24, 2020

    I have been sheltering in place on a former dairy farm in rural New Hampshire—surrounded by more Scotch Highland cattle than people—and relying on my iPhone and Microsoft Surface Pro to keep in touch with the office via email and Zoom video. I haven’t sat in a ...Read More

  • murray@ifa.com

    2020 Q3 Market Review

    1,266
    by Murray Coleman — Tuesday, November 3, 2020

    IFA's stock and bond indexes kept gaining ground in the year's third quarter. Here's a breakdown of what took ...Read More

  • Dimensional Fund Advisors

    Large and In Charge? Giant Firms atop Market Is Nothing New.

    1,188
    by Dimensional Fund Advisors — Thursday, October 1, 2020

    A top-heavy stock market with the largest 10 stocks accounting for over 20% of market capitalization and a marquee technology firm perched at No. 1? This sounds like a description of the current US stock market, dominated by Apple and the other FAANG stocks,1 but it is actually ...Read More

  • Wei Dai, PhD Senior Researcher and Vice President & Philipp Meyer-Brauns, PhD Senior Researcher and Vice President

    What a Company's Emissions Tell Us about Its Expected Returns

    1,172
    by Wei Dai & Philipp Meyer-Brauns — Wednesday, October 28, 2020

    Climate scientists have identified greenhouse gas (GHG) emissions as the largest contributor to global climate change.1 As a result, many investors are looking to reduce their emissions exposure through their portfolios and wondering if doing so would affect their expected ...Read More

  • jackson

    Market Review 2020: Looking Back on an Unprecedented Year

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    by Dimensional Fund Advisors — Monday, January 11, 2021

    The year 2020 proved to be one of the most tumultuous in modern history, marked by a number of developments that were historically unprecedented. But the year also demonstrated the resilience of people, institutions, and financial markets. The novel coronavirus was already in ...Read More

  • jackson

    The Right Thing, Not the Easy Thing

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    by Dimensional Fund Advisors — Wednesday, November 25, 2020

    New entrants into the field of systematic investing must look for ways to differentiate themselves. Impressive backtested performance is one way to stand out. But are these backtests robust? Are they likely to withstand the challenges of real-world implementation? Historical ...Read More

  • murray@ifa.com

    2020 Q4 Market Review

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    by Murray Coleman — Monday, January 18, 2021

    Patient investors who kept their tilts to small-cap and value stocks were rewarded in the year's final ...Read More

  • jackson

    Investing in FAANG Stocks: Should You Expect Unexpected Returns?

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    by Dimensional Fund Advisors — Thursday, January 28, 2021

    Investment returns have two parts: the expected return and the unexpected return. The expected return is the best guess of what will happen based on all the information currently available. The unexpected return is the surprise, the difference between what does happen and what ...Read More

  • jackson

    Gauging Market Expectations?

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    by Dimensional Fund Advisors — Thursday, February 4, 2021

    A recent flurry of return spikes for a handful of US stocks has captivated investors and noninvestors alike. Wall Street news trending on social media even amid an NFL playoff season is indeed an unusual event.So, what should investors make of these dramatic price movements? A ...Read More

  • jackson

    FANMAG: Because FAANGs Are So Yesterday

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    by Dimensional Fund Advisors — Thursday, February 18, 2021

    A handful of large technology stocks have garnered attention for outsize returns in recent years. Collectively referred to by the FANMAG acronym, Facebook, Amazon, Netflix, Microsoft, Apple, and Google all substantially outperformed the US ...Read More

  • jackson

    Flexibility in Practice: How We Handled GameStop

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    by Dimensional Fund Advisors — Tuesday, February 16, 2021

    After peaking, GameStop’s subsequent fall in price put it in the low profitability growth space of the small cap market, which we exclude across our equity portfolios due to low expected returns. Our daily process allowed us to again respond quickly. By February 3, we had ...Read More

  • Dimensional Fund Advisors

    The Performance of Late-Cycle Premiums

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    by Dimensional Fund Advisors — Thursday, February 25, 2021

    The media has been sharpening its focus on cycles lately, but not in anticipation of the Tour de France. Rather, the financial media’s spotlight is on business cycles. A common refrain from the industry is that the performance of certain groups of stocks is tied to the ...Read More