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August 1, 20130Comments

How To Find the Best Sector Mutual Funds

There are at least 146 different Information Technology mutual funds and at least 632 mutual funds across all sectors. Do investors need that many choices? How different can the mutual funds be?
by David Trainer, Founder & CEO
August 1, 20132Comments

Deferred Compensation Assets – Invested Capital Adjustment

Deferred compensation plans delay employee compensation until a later date. The assets held for these plans are used to compensate employees in the future, not to generate profits for the company. As such, they should not be factored into the calculation of a company’s return on invested capital (ROIC).
by David Trainer, Founder & CEO
July 31, 20130Comments

Don’t Bet on Luck: Active Management Underperforms

Trying to pick the next manager to get hot is not investing. It’s gambling, and the odds are heavily stacked against you. There is no substitute for good due diligence.
by David Trainer, Founder & CEO
July 31, 20130Comments

How to Find the Best Style Mutual Funds

There are at least 6100 mutual funds across all styles. Do investors need that many choices? How different can these thousands of mutual funds be?
by David Trainer, Founder & CEO
July 31, 20130Comments

How to Find the Best Sector Mutual Funds

Finding the best mutual funds is an increasingly difficult task in a world with so many to choose from.
by David Trainer, Founder & CEO
July 29, 20130Comments

How to Avoid the Worst Style ETFs

Picking from the multitude of style ETFs is a daunting task. There are as many as 42 in any given style and at least 223 ETFs across all styles.
by David Trainer, Founder & CEO
July 26, 20130Comments

How to Find the Best Style ETFs

Finding the best ETFs is an increasingly difficult task in a world with so many to choose from.
by David Trainer, Founder & CEO
July 26, 20130Comments

How to Avoid the Worst Sector ETFs: July 2013

Fund holdings affect fund performance more than fees or past performance. Why are there so many ETFs? The answer is: because ETF providers are making lots of money selling them.
by David Trainer, Founder & CEO
New Constructs
July 25, 20130Comments

3Q Best & Worst ETFs & Mutual Funds – by Style – Recap

Each quarter, we provide the most comprehensive review of equity ETFs and mutual funds available. We review the Best & Worst ETFs and Mutual Funds by sector and style. This article provides quick access to all our 3Q reports on Style funds.
by David Trainer, Founder & CEO
July 25, 20130Comments

Cheap Funds Dupe Investors – 3Q13

Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future. 3Q13
by David Trainer, Founder & CEO
July 24, 20130Comments

How To Find the Best Sector ETFs: July 2013

There are at least 27 different Information Technology ETFs and at least 173 ETFs across all sectors. Do investors need that many choices? How different can the ETFs be?
by David Trainer, Founder & CEO
July 23, 20131Comments

Best & Worst ETFs & Mutual Funds: Small Cap Value Style

The Small Cap Value style ranks twelfth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 14 ETFs and 262 mutual funds in the Small Cap Value style as of July 19, 2013.
by David Trainer, Founder & CEO
July 23, 20130Comments

Best & Worst ETFs & Mutual Funds: Small Cap Blend Style

The Small Cap Blend style ranks eleventh out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 23 ETFs and 639 mutual funds in the Small Cap Blend style as of July 18, 2013.
by David Trainer, Founder & CEO
July 22, 20130Comments

Best & Worst ETFs and Mutual Funds: Small Cap Growth Style

The Small Cap Growth style ranks tenth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 11 ETFs and 441 mutual funds in the Small Cap Growth style as of July 17, 2013.
by David Trainer, Founder & CEO
July 22, 20130Comments

Best & Worst ETFs and Mutual Funds: Mid Cap Value Style

The Mid Cap Value style ranks ninth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 12 ETFs and 187 mutual funds in the Mid Cap Value style as of July 18, 2013.
by David Trainer, Founder & CEO
July 22, 20130Comments

Asset Write-Downs – Invested Capital Adjustment

For debt investors, which GAAP was primarily designed for, write-downs are analytically helpful. They provide a more accurate assessment of the liquidation value of a company’s assets. For equity investors, on the other hand, write-downs are not helpful because they distort the return on invested capital (ROIC) of a company.
by David Trainer, Founder & CEO
July 22, 20130Comments

Danger Zone 7/22/13: EPIQ Systems (EPIQ)

EPIQ Systems (EPIQ) is in the Danger Zone this week. The legal technology solutions provider has misleadingly high reported earnings due to a funny accounting rule. Analysts and investors looking at reported earnings have assigned unreasonably high expectations to EPIQ.
by David Trainer, Founder & CEO
July 19, 20130Comments

Best & Worst ETFs and Mutual Funds: Mid Cap Growth Style

The Mid Cap Growth style ranks eighth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 10 ETFs and 360 mutual funds in the Mid Cap Growth style as of July 16, 2013.
by David Trainer, Founder & CEO
July 19, 20130Comments

Best & Worst ETFs and Mutual Funds: Mid Cap Blend Style

The Mid Cap Blend style ranks seventh out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 16 ETFs and 321 mutual funds in the Mid Cap Blend style as of July 18, 2013.
by David Trainer, Founder & CEO
July 18, 20130Comments

Best & Worst ETFs and Mutual Funds: All Cap Value Style

he All Cap Value style ranks sixth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of two ETFs and 249 mutual funds in the All Cap Value style as of July 17, 2013.
by David Trainer, Founder & CEO
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