Monthly Archives: September 2011
Study: 401(k) participants who had “help” outperformed others
http://www.startribune.com/business/130561873.html?page=all&prepage=1&c=y#continue 401(k) Study: Workers who sought help improved annual performance by an average of 3 percent DES MOINES, Iowa – Sometimes it pays to get help. A new study of 401(k) accounts provides further evidence that workers who get help pocket higher returns than those handling their own investment choices. The study by human resources […]
John Steele Gordon: A Short History of the Income Tax (WSJ op-ed piece)
http://online.wsj.com/article/SB10001424052970204422404576594471646927038.html A Short History of the Income Tax One original sin was the separation of the corporate and personal tax, giving lawyers, accountants and the wealthy a chance to game the system. […] The other pernicious consequence of the separate corporate and personal income taxes has been a field day for demagogues and the misguided […]
Hulbert: Are Stocks Undervalued?
http://www.marketwatch.com/story/are-stocks-undervalued-2011-09-06 Hulbert does a quick analysis comparing today’s stock market’s P/E – both trailing and projected forward – against historical norms. And he finds that based on that analysis, stocks may appear either undervalued or perhaps pretty fairly valued – but they certainly don’t look particularly expensive. While it’s hard to argue for any kind […]
WSJ: John Bogle – How the Index Fund Was Born
http://online.wsj.com/article/SB10001424053111904583204576544681577401622.html A nice op-ed note from Bogle about how the first index fund was started, and about his relationship with the late Paul Samuelson.