Momentum Works: An 18-Year Study

A week or so ago I was discussing the VTI-TLT-SHY model with a friend and did not expect follow-up from the conversation.  This morning, to my surprise, an 18-year study appeared in my e-mail and here are the results.  Per my blog post yesterday, we … [Read more]

Portfolio Performance:

If the following portfolio performance table tells us anything it is how difficult it is to beat the broad U.S. Equities market.  While I would like to see all the portfolios topping the VTSMX index, it is not realistic for particular periods as the … [Read more]