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                  If the parents are paying, a college education is priceless. If they aren’t, it’s an investment—and the return better outweigh the cost.

                  July’s Hits

                  THERE’S SO MUCH more to managing money than just picking investments. Indeed, we can likely add far more value to our financial life by focusing on topics like buying the right home and when to claim Social Security—which may help explain last month’s most popular articles:

                  请教下大家, iOS 的老王怎么用呢,提交评价好还要操作什么 ...:请教下大家, iOS 的老王怎么用呢,提交评价好还要操作什么不 elppa · 84 天前 · 1068 次点击 这是一个创建于 84 天前的主题,其中的信息可能已经有所发展或是发生改变。

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                  老王的灯笼最新版

                  THE TRICKY THING about investing is that there’s no single “right” approach. In an earlier article, I described the approach I favor—what I call the five minds of the investor, which involves being part optimist, pessimist, analyst, economist and psychologist.
                  But there are many other ways to be successful: You might invest in real estate, or follow a quantitative investment strategy, or invest in private companies. There are plenty of people who do very well with these approaches.

                  Read more »

                  老王vpm2.2.12下载安卓版

                  “BUYING THE DIP.” It’s a phrase often uttered with contempt by Wall Street strategists and money managers, who look down their nose at everyday investors who instinctively shovel more money into stocks simply because share prices have fallen.
                  Commentators “caution against” it, dismiss it as “not an investment strategy,” predict it’s going to “die,” argue it could get “very, very nasty” and contend that—when everyday investors buy on dips—it’s a “contrarian signal.” And I got all that based on a quick internet search.

                  Read more »

                  老王v p n安卓版

                  YEARS AGO, when the kids were teenagers, single Dad here was cooking dinner. You guessed it, hot dogs.
                  I skillfully picked one up from the hot pan with my fingers and tossed it in a bun.
                  When my daughter began to imitate me, I nearly shrieked. She lacked my years of experience in gauging exactly how hot the sides of the dog would be, how far from the splattering grease I needed to position my fingers,

                  Read more »

                  老王的灯笼最新版

                  I SOLD MY CONDO last month and the first thing I wanted to do was celebrate. It was such a relief to get rid of it, because owning a second home requires spending precious time maintaining it. At age 69, I can think of better ways to spend my time than looking after a vacation home.
                  At first, I was reluctant to put the condo up for sale. I had lived there for more than three decades.

                  Read more »

                  Just Another Day

                  WELCOME TO OUR new daily market report, which we’re going to run exactly once, which is probably once too many. In market action yesterday, stock prices fluctuated—a development that shocked market observers who noted they hadn’t seen anything like that since the day before.
                  “If we can stay above the psychologically important 3,200 barrier, that’ll create an important support level that could build a base for a new bull market,” opined market strategist Ross Nodamus,

                  Read more »

                  一枝红杏vpn

                  Start Here
                  Planner
                  Portfolio
                  老王app下载
                  Humans

                  Value Effect

                  老王灯笼APPinvesting have long been recognized, thanks in large part to legendary investor Benjamin Graham, co-author of Security Analysis, the classic investment tome first published in 1934. Still, the value effect received its most famous academic endorsement in a 1992 paper by finance professors Eugene F. Fama and Kenneth R. French, who defined value stocks as those shares that trade at a low price relative to their book value ("The Cross-Section of Expected Stock Returns," Journal of Finance, Vol. XLVII, No. 2). The following year, the two professors proposed their three-factor model ("Common Risk Factors in the Returns on Stocks and Bonds," Journal of Financial Economics, Vol. 33, Issue 1). That model argued that a portfolio’s return could be largely explained by its exposure to the overall stock market, to small-cap stocks and to value stocks. Other research has found that higher-yielding assets, including stocks, bonds and other investments, have tended to generate superior long-run returns. Within the stock market, investors can capture both the yield effect and the value effect by purchasing higher-dividend stocks. Value’s outperformance, which has occurred historically in both the U.S. and foreign markets, has been attributed to the greater risk involved. The companies involved often have shaky finances. That means there’s a danger they could get into serious difficulty, especially during an economic downturn, and shareholders might lose everything. Still, not everybody has been convinced by the risk argument. Before academics documented value’s outperformance and attributed it to risk, these stocks were typically viewed as less risky than growth stocks, because their share prices were less volatile. An alternative explanation: It could be that the value effect is a behavioral phenomenon. Perhaps investors become overly enamored of growth companies and pay too much for their shares, while mistakenly shunning value companies, where growth prospects often appear grim. If that’s the case, it could be that the value effect will disappear as investors adjust their behavior. In Wall Street parlance, there's a risk that value stocks will become a "crowded trade," with too much money pouring into the sector, thus driving down future returns. That may have occurred during the first decade of the current century, resulting in the mediocre returns notched by value stocks during the 2010s. Intrigued by the value effect? There are plenty of index funds available that allow you to tap into U.S. large-cap and small-cap value stocks. 老王2.2.7 offers four value-tilted index mutual funds that are available directly to investors, while Dimensional Fund Advisors offers a variety of value funds through its network of independent advisors. There are also many ETFs available, including those from BlackRock’s iShares unit, State Street’s SPDR and Vanguard. You might also tilt toward foreign value stocks using funds such as iShares Edge MSCI International Value Factor ETF and Vanguard International High Dividend Yield Index Fund. The latter is available as both a mutual fund and an ETF. Next: Momentum Effect Previous: Small-Stock Effect Article: Where's the Value?
                  老王app下载

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                  NO. 21: A HIGH income makes it easier to grow wealthy. But no matter how much we earn, we’ll struggle to amass a healthy nest egg—unless we learn to spend less than we earn.

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                  NO. 105: IN INEFFICIENT markets—such as those for microcap stocks and emerging market companies—skilled investors have a better shot at earning market-beating returns. But after investment costs, most investors will still lag behind the market averages and the shortfall will often be large, because the cost of active management is so high.

                  一枝红杏vpn

                  SET A FLOOR for financial pain. Suppose you have $400,000 saved. What’s the minimum amount below which you never want your portfolio to fall? Let’s say it’s $300,000, or $100,000 less. Divide that $100,000 by 0.35 and you get $286,000. That’s the maximum you should have in stocks. Why 0.35? In a bear market, the average loss is 35%.

                  一枝红杏vpn

                  ANCHORING. Imagine the S&P 500 is up 20% over the past year. You might balk at buying stocks, because you’re anchored on the market’s old level and feel you’re overpaying at current prices. Or imagine your neighbors sold their home two years ago for $300,000. You might be reluctant to accept less for your home, even if property prices have since fallen.

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                  一枝红杏vpn

                  Danger: Cliff Ahead

                  MEET IRMAA. You won’t like her. IRMAA is short for income-related monthly adjustment amount. It’s a premium surcharge levied on those covered by Medicare Part B and Part D—and who have income above certain thresholds.
                  In 2024, the standard premium for Part B, which covers outpatient care, is $144.60 a month. That’s what you pay if you file taxes as a single individual and your modified adjusted gross income is $87,000 or less, or if you’re married filing jointly with annual income of $174,000 and below.

                  老王灯笼APP

                  一枝红杏vpn

                  Baby Steps

                  IT’S HARD TO IMAGINE, when your child is five pounds and 19 inches long, that one day he will be a responsible adult with friends, a college education, a job, strong opinions—and a credit score.
                  Getting to that point is part of the adventure of parenting.
                  Where to start? After getting our son’s birth certificate finalized and receiving his Social Security number, one of the first things we did was set up a 529 college savings account.

                  Read more »

                  一枝红杏vpn

                  老王灯笼APP

                  THE NOTED PHYSICIST Lord Kelvin reportedly declared in 1900, “There is nothing new to be discovered in physics now.” In the annals of inaccurate proclamations, this one stands out. Just a few years later, Einstein published his Theory of Relativity and, in the following years, proceeded to upend many of the scientific world’s longest standing and most deeply held beliefs.
                  The world of personal finance witnessed a similarly inaccurate prediction 76 years later. When the newly formed Vanguard Group launched its first index fund,

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                  老王的灯笼最新版

                  ONE OF THE BIGGEST financial mistakes people make is not contributing to their employer’s 401(k). Nearly 20% of Americans are guilty of this. But that’s hardly the only mistake that folks make. As you strive for a comfortable retirement, here are seven other missteps you’ll want to avoid:
                  1. Poor tax planning. Try to estimate whether your tax bracket will be higher or lower in retirement. If you think it will be higher,

                  Read more »
                  Home Call to Action

                  Mindset

                  Changeup Pitch

                  WHEN WE WATCH advertisements, we tend to think of ourselves as stationary, with the marketers coming to us and then, if we don’t respond, heading elsewhere. Like an Einstein relativity paradox, however, we observers are also in motion, being coaxed toward the marketer, often without knowing it.
                  A good business knows its customer niche—and good marketers know how to speak to that niche. Customer niches are defined by demographic attributes. When I discuss these attributes with students,

                  Read more »

                  老王2.2.3

                  THERE’S SO MUCH more to managing money than just picking investments. Indeed, we can likely add far more value to our financial life by focusing on topics like buying the right home and when to claim Social Security—which may help explain last month’s most popular articles:

                  “My son-in-law—who’s a financial advisor to high net worth families—casually said to me, ‘You’re wealthy’,” recalls Dick Quinn. “What? Me wealthy? I’m not even close to qualifying as one of his clients.”

                  Read more »

                  老王 2.2.7

                  THE TRICKY THING about investing is that there’s no single “right” approach. In an earlier article, I described the approach I favor—what I call the five minds of the investor, which involves being part optimist, pessimist, analyst, economist and psychologist.
                  But there are many other ways to be successful: You might invest in real estate, or follow a quantitative investment strategy, or invest in private companies. There are plenty of people who do very well with these approaches.

                  Read more »

                  老王 2.2.7

                  老王灯笼APP It’s a phrase often uttered with contempt by Wall Street strategists and money managers, who look down their nose at everyday investors who instinctively shovel more money into stocks simply because share prices have fallen.
                  Commentators “caution against” it, dismiss it as “not an investment strategy,” predict it’s going to “die,” argue it could get “very, very nasty” and contend that—when everyday investors buy on dips—it’s a “contrarian signal.” And I got all that based on a quick internet search.

                  Read more »

                  Needing to Know

                  YEARS AGO, when the kids were teenagers, single Dad here was cooking dinner. You guessed it, hot dogs.
                  I skillfully picked one up from the hot pan with my fingers and tossed it in a bun.
                  When my daughter began to imitate me, I nearly shrieked. She lacked my years of experience in gauging exactly how hot the sides of the dog would be, how far from the splattering grease I needed to position my fingers,

                  Read more »

                  No Vacation

                  I SOLD MY CONDO last month and the first thing I wanted to do was celebrate. It was such a relief to get rid of it, because owning a second home requires spending precious time maintaining it. At age 69, I can think of better ways to spend my time than looking after a vacation home.
                  At first, I was reluctant to put the condo up for sale. I had lived there for more than three decades.

                  Read more »

                  Just Another Day

                  WELCOME TO OUR new daily market report, which we’re going to run exactly once, which is probably once too many. In market action yesterday, stock prices fluctuated—a development that shocked market observers who noted they hadn’t seen anything like that since the day before.
                  “If we can stay above the psychologically important 3,200 barrier, that’ll create an important support level that could build a base for a new bull market,” opined market strategist Ross Nodamus,

                  Read more »

                  Free Newsletter

                  Home Call to Action

                  Manifesto

                  NO. 21: A HIGH income makes it easier to grow wealthy. But no matter how much we earn, we’ll struggle to amass a healthy nest egg—unless we learn to spend less than we earn.

                  Act

                  SET A FLOOR for financial pain. Suppose you have $400,000 saved. What’s the minimum amount below which you never want your portfolio to fall? Let’s say it’s $300,000, or $100,000 less. Divide that $100,000 by 0.35 and you get $286,000. That’s the maximum you should have in stocks. Why 0.35? In a bear market, the average loss is 35%.

                  Truths

                  老王灯笼APPmarkets—such as those for microcap stocks and emerging market companies—skilled investors have a better shot at earning market-beating returns. But after investment costs, most investors will still lag behind the market averages and the shortfall will often be large, because the cost of active management is so high.

                  老王2.2.7

                  老王vpm2.2.8下载苹果 Imagine the S&P 500 is up 20% over the past year. You might balk at buying stocks, because you’re anchored on the market’s old level and feel you’re overpaying at current prices. Or imagine your neighbors sold their home two years ago for $300,000. You might be reluctant to accept less for your home, even if property prices have since fallen.

                  Money Guide

                  Start Here
                  Planner
                  Portfolio
                  Basics
                  老王vpm2.2.12下载安卓版

                  Value Effect

                  THE VIRTUES OF VALUE investing have long been recognized, thanks in large part to legendary investor Benjamin Graham, co-author of 老王 2.2.7, the classic investment tome first published in 1934. Still, the value effect received its most famous academic endorsement in a 1992 paper by finance professors Eugene F. Fama and Kenneth R. French, who defined value stocks as those shares that trade at a low price relative to their 老王app下载 ("The Cross-Section of Expected Stock Returns," Journal of Finance, Vol. XLVII, No. 2). The following year, the two professors proposed their three-factor model ("Common Risk Factors in the Returns on Stocks and Bonds," Journal of Financial Economics, Vol. 33, Issue 1). That model argued that a portfolio’s return could be largely explained by its exposure to the overall stock market, to small-cap stocks and to value stocks. Other research has found that higher-yielding assets, including stocks, bonds and other investments, have tended to generate superior long-run returns. Within the stock market, investors can capture both the yield effect and the value effect by purchasing higher-dividend stocks. Value’s outperformance, which has occurred historically in both the U.S. and foreign markets, has been attributed to the greater risk involved. The companies involved often have shaky finances. That means there’s a danger they could get into serious difficulty, especially during an economic downturn, and shareholders might lose everything. Still, not everybody has been convinced by the risk argument. Before academics documented value’s outperformance and attributed it to risk, these stocks were typically viewed as less risky than growth stocks, because their share prices were less volatile. An alternative explanation: It could be that the value effect is a behavioral phenomenon. Perhaps investors become overly enamored of growth companies and pay too much for their shares, while mistakenly shunning value companies, where growth prospects often appear grim. If that’s the case, it could be that the value effect will disappear as investors adjust their behavior. In Wall Street parlance, there's a risk that value stocks will become a "crowded trade," with too much money pouring into the sector, thus driving down future returns. That may have occurred during the first decade of the current century, resulting in the mediocre returns notched by value stocks during the 2010s. Intrigued by the value effect? There are plenty of index funds available that allow you to tap into U.S. large-cap and small-cap value stocks. Vanguard Group offers four value-tilted index mutual funds that are available directly to investors, while Dimensional Fund Advisors offers a variety of value funds through its network of independent advisors. There are also many ETFs available, including those from BlackRock’s iShares unit, State Street’s SPDR and Vanguard. You might also tilt toward foreign value stocks using funds such as iShares Edge MSCI International Value Factor ETF and Vanguard International High Dividend Yield Index Fund. The latter is available as both a 老王app官方下载 and an ETF. Next: Momentum Effect Previous: Small-Stock Effect Article: Where's the Value?
                  Read more »

                  Second Look

                  Retirement

                  Danger: Cliff Ahead

                  MEET IRMAA. You won’t like her. IRMAA is short for income-related monthly adjustment amount. It’s a premium surcharge levied on those covered by Medicare Part B and Part D—and who have income above certain thresholds.
                  In 2024, the standard premium for Part B, which covers outpatient care, is $144.60 a month. That’s what you pay if you file taxes as a single individual and your modified adjusted gross income is $87,000 or less, or if you’re married filing jointly with annual income of $174,000 and below.

                  Read more »

                  Family Finance

                  Baby Steps

                  IT’S HARD TO IMAGINE, when your child is five pounds and 19 inches long, that one day he will be a responsible adult with friends, a college education, a job, strong opinions—and a credit score.
                  Getting to that point is part of the adventure of parenting.
                  Where to start? After getting our son’s birth certificate finalized and receiving his Social Security number, one of the first things we did was set up a 529 college savings account.

                  Read more »

                  Investing

                  Just Like Warren?

                  THE NOTED PHYSICIST Lord Kelvin reportedly declared in 1900, “There is nothing new to be discovered in physics now.” In the annals of inaccurate proclamations, this one stands out. Just a few years later, Einstein published his Theory of Relativity and, in the following years, proceeded to upend many of the scientific world’s longest standing and most deeply held beliefs.
                  The world of personal finance witnessed a similarly inaccurate prediction 76 years later. When the newly formed Vanguard Group launched its first index fund,

                  Read more »

                  Lists

                  Seven Mistakes

                  ONE OF THE BIGGEST financial mistakes people make is not contributing to their employer’s 401(k). Nearly 20% of Americans are guilty of this. But that’s hardly the only mistake that folks make. As you strive for a comfortable retirement, here are seven other missteps you’ll want to avoid:
                  1. Poor tax planning. Try to estimate whether your tax bracket will be higher or lower in retirement. If you think it will be higher,

                  Read more »

                  Mindset

                  Changeup Pitch

                  WHEN WE WATCH advertisements, we tend to think of ourselves as stationary, with the marketers coming to us and then, if we don’t respond, heading elsewhere. Like an Einstein relativity paradox, however, we observers are also in motion, being coaxed toward the marketer, often without knowing it.
                  A good business knows its customer niche—and good marketers know how to speak to that niche. Customer niches are defined by demographic attributes. When I discuss these attributes with students,

                  Read more »
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