In the first part of this article we covered macroeconomic conditions and asset class return projections for equities. In this article we will discuss fixed income as an asset class and then move to a discussion of asset allocation and portfolio construction. Fixed Income Central banks have driven interest rates down across the globe. Interest […] Read the full article…
With historically low interest rates it’s hard to miss a common refrain from the financial pundits, that bonds and/or stocks are over-valued and/or that they are ‘in a bubble’. Yes, it is true that low interest rates have driven up the price of both stocks and bonds relative to average historical levels. It’s easy to […] Read the full article…
In part one of this series we reviewed the basic composition of the Vanguard Health Care Mutual Fund (ticker VGHAX) using Morningstar’s website. In this article, we will look at details related to the fundamentals of the fund as well as performance of the fund relative to benchmarks. Before moving on, I wanted to highlight […] Read the full article…
Morningstar is research firm that provides data and analysis on a wide range of investments including individual stocks, mutual funds and exchange traded funds. Morningstar serves retail clients as well as investment professionals. In this three part series, I want to provide investors with an educational review and critique of data available from Morningstar. My […] Read the full article…
In this article, I want to explore some of the quantitative tools we use at Brightwood Ventures to evaluation investment performance. We conduct performance assessments when we make investment selections for model portfolio implementation as well as ongoing performance monitoring. As a general rule, we are biased toward the use passive index investment funds, but […] Read the full article…
Getting a good sense for risk and return and how it is measured is vital to understanding your investments. In this article, I will break down the key measures of risk and return that really matter. By the end, you should have a good sense for these without having ever to actually dig into the details of how the statistics work or do any calculations. […] Read the full article…