Research

Featured Insights

Portfolio Rebalancing: Free Lunch or Empty Calories?

March 26, 2025 — By Victor Haghani and James White [note]This is not an offer or solicitation to invest, nor are we tax experts and nothing herein should be construed as tax advice. Past returns are not indicative of future performance. Thank you to Professors John Campbell and Nick Barberis for pointing us to relevant areas of the academic literature, and to Jeff Rosenbluth and Larry Hilibrand for their comments.[/note]ESTIMATED READING TIME: 8 min. As market prices change over

Featured Insights

All Quiet on the Stock Market Front?

March 14, 2025 — Since the election of Donald Trump, the global stock market as a whole has been pretty tranquil...but this placid surface view masks some pretty meaningful underlying turbulence.

Featured Insights

Still Working the Night Shift

March 3, 2025 — Here is an idea that defies conventional wisdom: the stock market has delivered most of its return in the night-time, when it’s fast asleep. Wait, what?

Featured Insights

How Much Insurance is Right For You?

February 21, 2025 — Insurance is top of mind for many American families right now. All around the country, those without insurance are likely wondering if they should get it, and those with insurance are bracing for higher premiums and may be contemplating whether it’s cost-effective to keep it.

Featured Insights

Out of the Frying Pan and Into the Fire: Selling A Highly Appreciated Stock Without Paying Taxes?

February 5, 2025 — More than a few investors have made huge returns through concentrated holdings or fabulous venture capital success stories. It's natural that many, if not most, of these happy investors would like to take some chips off the table and diversify their portfolios - and, if possible, they'd like to do it tax-efficiently too.