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From the Message Boards: Index Funds Disciples Duke it Out

4,845
by IndexFunds.com Staff
Friday, June 16, 2000

Following is a recent letter exchange Jim Wiandt (the Managing Editor at IndexFunds.com, pictured above left) had with Jason Zweig (The Fundamentalist at Money.com, pictured above right). It was posted to the Index Funds Seminar discussion board with ...Read More

Archives

  • Jim Wiandt

    Parade of iShares Continues

    6,866
    by Jim Wiandt — Wednesday, June 14, 2000

    Barclays Global Investors continues its rollout of iShares. By mid-July, there will be over 50 domestic and international iShare funds available covering just about every broad U.S. market sector, and most of ...Read More

  • Bogle Wins $25 Bet

    6,294
    by IndexFunds.com Staff — Tuesday, June 13, 2000

    Five years after making the biggest bet of his life, John C. Bogle, founder of the Vanguard Group, collected $25 from Robert Markman of Markman Capital Management. ...Read More

  • Standard & Poor's Sues Vanguard

    5,200
    by IndexFunds.com Staff — Friday, June 9, 2000

    Two indexing heavyweights are sparring over the use of indexes by exchange-traded funds. Standard & Poor's parent company McGraw-Hill sued Vanguard Group June 8th over the use of its flagship S&P 500 Index. ...Read More

  • Jim Wiandt

    Bush's Plan: Indexing Boon or Market Disaster?

    4,711
    by Jim Wiandt — Wednesday, May 24, 2000

    Republican presidential candidate George W. Bush recently proposed a plan to partially privatize Social Security. Would the plan give a healthy boost to the stock market while shoring up retirement returns, or ...Read More

  • John Spence

    First ETFs Launched in Europe

    5,492
    by John Spence — Friday, May 12, 2000

    Riding a wave of popularity in the United States, the first exchange-traded funds (ETFs) to be based in European markets were launched. The new ETFs track indexes in Germany and the United ...Read More

  • Jim Wiandt

    Soros Retreat!

    7,910
    by Jim Wiandt — Thursday, May 4, 2000

    Billionaire George Soros, long an icon to active hedge fund managers, announced his withdrawal from aggressive hedge fund ...Read More

  • Jim Wiandt

    Are Small Cap Index Funds Poised for a Rebound?

    4,951
    by Jim Wiandt — Friday, April 21, 2000

    Small cap stocks have outperformed large cap companies this century over many longer-term periods. In recent years, however, the returns of large cap indexes have dwarfed those of small cap indexes. Does this ...Read More

  • Comparing Different Tax Sheltered Investment Accounts

    4,875
    by IndexFunds.com Staff — Wednesday, April 19, 2000

    Investors have a variety of options when looking to invest their money in tax-sheltered retirement accounts. For investors with more limited income, the traditional IRA allows for an immediate tax deductions. ...Read More

  • Index Returns Through 3-31-2000

    4,624
    by IndexFunds.com Staff — Wednesday, April 19, 2000

    Returns are in percentages, all annualized except for 1st Quarter 2000. Example: an investor placing $100 in 3-month T-Bills in 3/31/99 would have approximately $105.20 before fees in 3/31/00. ...Read More

  • Jim Wiandt

    Tax Sheltering Index Funds

    5,697
    by Jim Wiandt — Wednesday, April 19, 2000

    While it may seem counterintuitive, your retirement fund may well be the best place to hold the riskier end of your ...Read More

  • Magellan Finally Dethroned

    5,576
    by IndexFunds.com Staff — Thursday, April 6, 2000

    The eclipse was predicted for years. Finally on April 5 Vanguard 500 became the largest fund in the world with $107.2 billion in assets, surpassing Fidelity's Magellan Fund at $106.9 billion, according to ...Read More

  • The Merchants of Greenwich

    4,951
    by William Bernstein — Saturday, March 25, 2000

    Aside from my Simpsons addiction I don't watch much television. But when a friend called me up one evening and told me to catch the PBS/Nova documentary "The Trillion Dollar Bet" I knew I wasn't going to be ...Read More

  • Tracking the Nasdaq

    6,139
    by William Jennings — Friday, March 17, 2000

    The Nasdaq index is capturing everyone's interest, but there are precious few ways to invest in it. The performance of the Nasdaq has gone through the roof in the past few years. Created in 1971, it didn't ...Read More

  • Wash Sale Rules

    9,460
    by IRS — Wednesday, March 1, 2000

    A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: ...Read More

  • Exchange Traded Funds: A White Paper

    9,018
    by Jim Novakoff — Thursday, February 24, 2000

    This paper reviews the history of exchange traded funds (ETFs). ETFs, with names such as Spiders and Diamonds, are investments that are both exchange-listed (like corporate equity securities) and open-ended ...Read More

  • Price War

    7,094
    by IndexFunds.com Staff — Friday, February 18, 2000

    State Street Global Advisors plans to drop fees on its S&P index fund below those of Vanguard, according to a recent SEC filing. ...Read More

  • Dow 36,000!

    5,048
    by William Bernstein — Tuesday, February 15, 2000

    The market can be thought of as a giant tug-of-war between two teams, one of which thinks that the market is too high, the other too low. Straining at the very far right end of the rope are two fellows named ...Read More

  • Performance of UK Equity Unit Trusts

    4,562
    by Garrett Quigley — Tuesday, February 1, 2000

    Studies of money manager performance are the bottom line test of market efficiency. They do not claim to uncover specific types of market failure as do the 'anomalies' literature of the 1980s and the ...Read More

  • Professor Fama Answers the Critics

    7,849
    by Eugene Fama Jr. — Wednesday, December 1, 1999

    The earliest Fama-French research into the sources of stock returns generated controversy among academics. Many disputed the research and published their own findings. ...Read More

  • Will McClatchy

    Hulbert Attacks Efficient Market Theory

    5,129
    by Will McClatchy — Tuesday, September 14, 1999

    The New York Times lends great authority to everything it publishes. It is generally thorough and conscientious. That is why it is shameful to see the dignified institution let a paid stock picking ...Read More

  • Putting Theory Into Practice

    5,228
    by Jennifer Vanasco — Wednesday, September 1, 1999

    When David Booth, '71, and Rex Sinquefield, '72, left successful, established careers to form their own company with an untried idea, people thought they were crazy. Not just because they were walking away ...Read More

  • Fidelity's New "Fund of Funds"

    5,214
    by Bilal Bajwa — Saturday, July 10, 1999

    On July 6, 1999, Fidelity Investments announced a new Four-in-One Index Fund touting it as the "fund of funds". It is a no-load well-diversified balanced fund that invests in both domestic and international ...Read More

  • Leader of the Pack: The DFA Funds

    5,705
    by Dagen McDowell — Thursday, July 8, 1999

    the firm takes a more academic approach to determining the benchmarks for its funds, most of which are small-cap- or value-oriented. ...Read More

  • Random Drift and Asset Allocation

    5,074
    by David Booth — Thursday, July 1, 1999

    A doubling of the price-earnings ratio occurs when r-g is cut in half. If r-g is 6%, then the P/E ratio for a stock or index is 16.7. If r-g is 3%, then the P/E ratio is ...Read More

  • Are TIPS Tops Among Bond Funds?

    5,017
    by Jonathan Clements — Thursday, June 24, 1999

    In her June 21, 1999 Wall Street Journal article, "Discovering Inflation-Indexed Bond Funds," Karen Damato takes a look at bond funds specializing in a recent innovation of the U.S. Treasury - ...Read More

  • "Funds vs. Indexes: Data are Misleading"

    5,260
    by Jonathan Clements — Tuesday, June 15, 1999

    Mr. Clements examines the reasons why actively-managed diversified U.S. stock funds have been trailing the Standard & Poor's 500 Stock Index's gain while international funds have been able to beat Morgan ...Read More

  • "Monkey Business"

    4,982
    by Scott Woolley — Monday, June 14, 1999

    "At first glance, the professional money managers seem to be providing real value to their followers. On closer examination, it seems that buying their favorites is no better than throwing darts," writes ...Read More

  • Interview with Eugene Fama

    7,244
    by Eugene Fama — Tuesday, June 1, 1999

    Eugene F. Fama is on the Board of Directors of Dimensional Fund Advisors. He is a member of their investment committee and serves as an investment strategist. Professor Fama received his Ph.D. from the ...Read More

  • 100 Ways to Beat the Market

    5,074
    by Gene Walden — Saturday, May 1, 1999

    Since I'm always looking for ways to beat the market (not that I always succeed, mind you), this new gem caught my eye. Two other books by this author have helped me in the past, so I'm naturally interested in ...Read More

  • Will McClatchy

    John Bogle on Indexing and the State of the Market

    4,982
    by Will McClatchy — Thursday, April 22, 1999

    Jack Bogle, Chairman of The Vanguard Group and the father of index investing, doesn't like to predict market trends, but he is flatly warning investors not to depend on outsized returns from big stocks. He has ...Read More

  • Where Have All The Geniuses Gone?

    7,844
    by Time — Monday, March 22, 1999

    THE BRILLIANT MUTUAL FUND MANAGERS OF YORE ARE NEARLY EXTINCT. THE LESS BRILLIANT ARE IN DANGER OF LOSING THEIR JOBS. BECAUSE IN TODAY`S HOT MARKET, INDEX FUNDS ARE ...Read More

  • Will McClatchy

    Even Enhanced Index Funds Trail the Market

    5,415
    by Will McClatchy — Saturday, March 20, 1999

    Enhanced index funds should be in the best position to at least modestly outperform index funds. All a fund manager has to do is stick to the majority of stocks in an index and then overweight a small number ...Read More

  • Will McClatchy

    Schwab Backs Indexing

    7,701
    by Will McClatchy — Tuesday, March 16, 1999

    The largest US discount brokerage firm released a study that emphasizes indexing as the core of an optimal long-term equity portfolio. The study by the Schwab Center Investment Research at Charles Schwab & Co. ...Read More

  • Will McClatchy

    Smart Timing

    6,742
    by Will McClatchy — Monday, March 15, 1999

    PHILADELPHIA, PENN. - Market timing is viewed almost as skeptically as stock picking by many indexers. But officials at new money manager Aexpert Advisory, Inc. insist they have a unique timing strategy. It ...Read More

  • "Mining Fool's Gold"

    7,303
    by Thorley McQueen — Monday, March 15, 1999

    The authors' paper urges investors to view all "foolproof" investment strategies and trading rules with some degree of skepticism. They remind readers of the pitfalls of data mining and how to avoid them. ...Read More

  • Consumer Reports Endorses Indexing, Confusedly

    4,528
    by IndexFunds.com Staff — Monday, March 1, 1999

    Consumer Reports, the non-profit consumer advocate magazine, recommends an investment philosophy that is remarkably similar to indexing in its lead article "Mutual Funds: Which way is Up?" of its March issue. ...Read More

  • Vanguard Lowers but Still Defends Entry Fees

    4,757
    by IndexFunds.com Staff — Monday, March 1, 1999

    VALLEY FORGE, PENN. - Index fund giant Vanguard Group lowered entry fees for a mid-cap and two small-cap funds. The Vanguard Mid-Cap Index Fund removed its .25% entry fee entirely, while the Small-Cap Growth ...Read More

  • Business Week Lauds Indexing

    4,598
    by IndexFunds.com Staff — Monday, February 22, 1999

    Business Week's courageous February 22 articles on index indexing, are obligatory reading for any retail investor. Tapping a strong array of data surrounding indexing, Business Week writes convincingly and ...Read More

  • Will McClatchy

    Islamic Index Tracks "Value" through Morality

    4,740
    by Will McClatchy — Monday, February 15, 1999

    BAHRAIN — As with any form of investment, indexing is affected by cultural and religious values. A new example is than Dow Jones' new Islamic Market Index, which helps Islamic investors and banks participate ...Read More

  • The Grand Infatuation

    5,215
    by William Bernstein — Friday, January 1, 1999

    Troll the latest reincarnation of the office water-cooler-investor internet chat rooms and discussion boards-and you'll find abundant evidence of romantic disaster in the making. No, I'm not suggesting that ...Read More

  • Foreword

    5,311
    by John Bogle — Friday, January 1, 1999

    The simple case for index funds is part theory, part practice, and part arithmetic. Theory says that since (a) gross returns earned by investors as a group must equal the gross returns earned by the total ...Read More

  • Will McClatchy

    SPDRs and Diamonds

    5,432
    by Will McClatchy — Friday, January 1, 1999

    Mutual funds are not the only way to invest in domestic indexes. Increasingly popular are so-called SPDRs or Standard & Poor's Depository Receipts, which track indexes just like a fund but trade like a stock ...Read More

  • Exchange-Traded Indexed Securities

    4,473
    by Michael O Neil Meditz — Friday, January 1, 1999

    Exchange-traded funds (ETFs) are increasing in popularity, as they are often responsible for approximately 50% of the daily trade volume on the American Stock Exchange ...Read More