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The Lipper Index is advertised by its owner, Reuters, as “World’s Leading Source of Trusted, Independent Mutual Fund Data.” For sure, it is trusted by the mutual fund industry. The advertisements are everywhere. “Four of five of our funds beat the Lipper Average!” “All of our funds beat the Lipper.” “We beat the Lipper once again,” etc., etc. Comparing a fund’s performance against the Lipper Average seems to be the primary selling proposition for many mutual funds.

Have you ever wondered why mutual fund companies . . .

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This blog summarizes a Seeking Alpha article I wrote entitled The Gigantic Difference Between S&P 500 And Target-Date Mutual Fund Performance. Please check it out to see the graphs that display the differences between the target-date funds and the S&P 500 (SPY). When 401(k) participants must decide how to invest their hard-earned wages they are […]

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A new study by Fidelity Investments shows that nearly two-thirds, 63%, of 401(k) plan participants manage their own investments, yet more than half (54%) of those self-managing appear to be “unengaged” in the management process. There were 13 million participants from Fidelity Investments 401(k) plans from around the U.S. The study calls participants “unengaged” if […]

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As I approached retirement, I started looking around to see what others were doing (or had done) about paying for the life I wanted to lead after I was no longer getting a steady income from working. I was a little shocked at what I found. Most people seemed to have the bulk of their […]

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