Fifth Set Investment Advisors LLC

As the U.S. and rest of the world continues to struggle with the global COVID-19 pandemic, the Paycheck Protection Program (PPP), a federal loan program designed to help small businesses in the U.S., has created a conundrum within the independent Registered Investment Advisor (RIA) community. A quick summary of the PPP program. As part of the CARES Act passed by Congress and signed into law by the president on March 27th 2020, the Paycheck Protection Program (PPP) is available to (s) [ 479 more words ] https://www.fifthsetinvestment.com/independent-investment-/

That was the title of a keynote address given by Vanguard founder John Bogle in February 2005. For Bogle, a prominent evangelist of low-cost investing, the premise, simply stated, was that investment expenses directly erode investor returns. Investor Returns = Market Returns Expenses Market returns are going to be what they are going to be. We do not control them (although investors have control over the extent and type of market risk they are exposed to). [ 484 more words ] https://www.fifthsetinvestment.com/in-investing-you-get-wh/

How we, as investors, define the market can obscure actual investment experiences. To illustrate, look at the following four measures of 2020 year-to-date returns through June 16th. S&P 500 (Large U.S. Stocks): -2.4% Russell 3000 (Broad U.S. Stocks) -2.8% Russell 3000 median stock: -17.6% FAANG[1] (equal-weighted portfolio): 23.9% Two common measures of U.S. stock performance, the S&P 500 and the Russell 3000, have recovered just about all the Coronavirus losses with YTD returns down in the low single digits. [ 373 more words ] https://www.fifthsetinvestment.com/the-market-has-recovere/

From March 24th, 2020 through May 26th, 2020, the stock market, as measured by the S&P 500, returned 36%. That is not typo. Over the same period of time, we have seen a torrent of terrible economic news. For example, on April 24th, the Congressional Budget Office (CBO) released updated economic forecasts that included the following: 2Q20 real GDP to decline 12% (40% on an annualized basis) [ 257 more words ] https://www.fifthsetinvestment.com/great-stock-market-horr/

Coronavirus Pandemic - A Reality Check on Life and Disability Insurance https://www.fifthsetinvestment.com/coronavirus-pandemic-a-/