Nov 19, 2019 | CKW's Blog
If the definition of Passive is an index created and managed by someone (S&P), then passive indexes change and are therefore potentially active. If an equally weighted S&P 500 portfolio is compared to the cap weighted S&P 500 index, the equally weighted...
Oct 23, 2019 | CKW's Blog
The people who make $5 million a year and spend it all are not the rich. Because at the end of the year they still have nothing. So, who are these rich people and why? Older people who have saved and invested have more than younger people. And people who have saved...
Aug 27, 2019 | CKW's Blog
You?Adjusted Gross Income (AGI), on tax returns filed with the IRS, based on 2015 data, are as follows:AGI $100,000 or greater = 17.4%AGI of $200,000 or greater = Top 5%AGI of $500,000 or greater = Top 1% of tax returns filed The number of rich people gets even...
Jul 23, 2019 | CKW's Blog |
Average is rare, does not stay the same, and slowly moves above and below where the average was. Why does the real estate market report median price while the stock market reports mean valuation? The 25 year average PE is going to rise because PE’s 25 years ago were...
Jul 3, 2019 | CKW's Blog |
Gatekeepers who are or want to be Asset Managers need to choose. The standards of Gatekeepers letting Asset Managers pass the gate have not changed much since I taught Manager Selection and Due Diligence for IMCA’s CIMA certification. What has changed are the...
May 15, 2019 | CKW's Blog |
The generalists are mostly gone from our profession and the professionals are now specialists. Technology will continue to bring cheaper, better products to the consumer. ETP are one example of technology driving cost down and eliminating the many middlemen. Due...
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