NFO and Nasdaq Insider Sentiment Index beat the S&P 500

How to Beat the Market, Factor 1: Following Insider Buying

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It goes without saying that listed company insiders know more about what is going on within a company and what its near-term earnings results are likely to be than even most professional outside analysts, which is why insider trading is heavily regulated in many jurisdictions.Β  Most regulations don’t outright forbid insiders from trading their company’s […]

Hong Kong Small Caps broadly underperform the Hang Seng Index, 2000-2018

In Hong Kong, Small Caps Broadly Underperformed Large Caps 2000-2018

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Hong Kong small caps are of particular interest to me because I live and work in Hong Kong as a professional investor of retirement portfolios, and am always looking to put together higher quality and better valued portfolios than those available from broad market cap weighted index funds and ETFs.Β  A “small cap” company is […]

Vanguard Stock Mutual Funds PB vs ROE ratios March 2018

Top Vanguard Mutual Funds for Enhanced Asset Allocation

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Vanguard is synonymous with low-cost, passive investing.Β  Here I present some charts showing some metrics that can be used to enhance an asset allocation of the top Vanguard mutual funds even among these broadly diversified, passive funds. Despite my disagreements with him, Jack Bogle remains one of the foundational figures of today’s investing world I […]

Performance of Quality, Value, Momentum, and Low Volatility Strategies vs the S&P 500

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I have been working with “smart beta” strategies since 2006 (before they were even called “smart beta”), and continue to believe that investing through these rules-based factors provides better risk-adjusted returns than index funds at far lower cost than actively managed mutual funds. Β In GFM-managed client accounts, we continue to apply the well-researched factors, of […]