Meyers Wealth Management

Link: Rebalancing your investment portfolio Read more

Link: MUTUAL FUNDS: Target-Date Funds Change Tactics To Survive – WSJ.com More about Target-Date funds and some of the changes taking place in that subset of the industry (ie. more diversification, addition of TIPs to some of them, etc).  Zvi Bodie “applauds some of the changes”.  Of course, Bodie thinks that most people should back Read more

Link: Hidden Risks in Target-Date Funds – WSJ.com According to a financial advisor interviewed for this article, “target-date funds are rarely appropriate”.  Of course, most of the article talks about certain providers of high-expense, more actively managed funds. The important questions, as usual, ones about expenses and asset allocation choices, aren’t discussed enough. Read more

Link: Bond Funds and SEC Yields – WSJ.com Over a year old, an article very well worth reading, especially today with bond fund yields so low and the divergence between SEC yield (which reflects Yield-To-Maturity) and Distribution yield (which is inflated when there are lots of premium bonds – the result of a  long down-trend Read more

Link: Ric Edelman Accuses Vanguard of Hiding Fees – CBS MoneyWatch.com The Expense Ratio – while VERY important – doesn’t tell the whole story.  Mutual funds, even index funds, have expenses other than the published expense ratio which can negatively impact performance.  Every time the fund buys or sells shares, there are costs both brokerage Read more

Link: What The Bagel Man Saw – NYTimes.com Yeah, it’s 5 years old.  But it’s well worth reading.  I was reminded of it this morning while sitting in the cafe near my daughter’s school, where folks come in all the time when the owner has stepped out – and they invariably leave the right amount Read more