The Smart Bird

The Early Bird for Investors — Provides a summary of the best commentary and pertinent news

Lifecycle Funds

The Lifecycle funds of TSP and Vanguard provide a good baseline for investors on how to allocate their accounts based on their age or years to retirement. We just finished updating our look at the current allocations of TSP and Vanguard Lifecycle funds.

Into Thin Air

The Highest Peak In the chart below, Dr. Hussman plotted five very different measures of valuation for the SP500 that all are highly correlated to predicting future long term returns. Market valuations are not useful for short term market timing,… Read More ›

Warren Buffett’s Bet

The Bet In 2008, Warren Buffett issued a challenge to the hedge fund industry, which in his view charged exorbitant fees that the funds’ performances couldn’t justify. Mr. Buffett contended that, including expenses, a passive strategy invested the low-fee Vanguard S&P… Read More ›