Favorite bumper stickers:
- My 401K is now a 101K
- Your Kid's an Honor Student,
But You're a Moron
Posted at 5:28 PM, GMT
Vanguard posted a nice article and chart last week explaining how a bond fund's NAV doesn't reflect all of its return.
It's also true that a stock's price doesn't reflect all of its return, assuming it pays a dividend that is reinvested.
"... using NAV to measure fund performance doesn't tell the whole story. Over the long run, the change in NAV is a tiny part of a
bond fund's total return. Much more important is the interest income a bond fund produces -- and the reinvestment of that interest
income in additional shares."
Posted at 8:49 AM, GMT
The Chairman talks about the importance of having a trading buddy in today's Trading for Dummies lesson.
Posted at 12:10 PM, GMT
Kind of a vicious reversal on the weekly CRB chart.
CRB Index, Weekly Chart
Posted at 11:52 AM, GMT
Seven Rules for How to Write like a Scientist (or an Academic).
Posted at 11:50 AM, GMT
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