The rise of index funds, and the low-cost price wars, has changed much of the financial industry. The days of high cost active funds are dwindling. But if the financial industry is good at anything, its finding a way to reinvent itself, at the expense of your wallet.
Introducing Smart Beta – the newest iteration of index funds and ETFs that try to push the boundaries of performance. Some succeed, others won’t, but collectively, these smart beta funds make up a range of strategies.
In other words, you have more fund choices, with a range of differences, some more confusing than before, and more are coming. This guide is meant as a starting point to learning more about smart beta ETFs, how it works, and what you should know before buying the hype. Continue Reading…
The best way to make a habit of saving and investing is to automate it. It throws behavior out the window, removes mistakes (or lowers the chance of it at least), and enforces discipline without trying. All you have to do is start an automatic investment plan.