In the month of July, we had a very minor stock market pullback. Nevertheless, it was enough to cause a bit of worry for conservative investors. What I am about to describe actually happened, but of course, I changed the name to protect the innocent.
Wall Street Steward Blog
Ok, let’s simplify this. Beta is “market return,” while Alpha is “value added return.”
I promise I do not make this stuff up. This is a conversation that occurred earlier this week. No names, of course. Not only are the actual words included, but my thoughts are thrown in for a little entertainment.
As we approach the end of the year, many things are probably at the top of your list: shopping, a winter vacation, charitable giving, etc. Well how about a rewarding gift you could give yourself, that costs NOTHING? Let me suggest rebalancing your investment portfolio.
How many times have you heard someone say “if I won the powerball lottery, I would do <insert here>?”