Last updateThu, 27 Apr 2017 4pm

ETNs are not the same as ETFs

Thanks to the proliferation of 401(k) and similar retirement plans, most everyone today has become familiar with mutual funds.

In 1993, the first exchange-traded fund (ETF) came into being. Although not as well understood as mutual funds, ETF investment growth today is starting to eclipse that of traditional mutual funds.

Double your money

In Douglas Adams’ best-seller “The Hitchhiker’s Guide to the Galaxy,” the magic number that unlocked the universe’s answers was simple, if opaque: “42.” Adams later said it was a joke and that he picked the number at random, though many tried hard to justify that number as a truly magic number.

When it comes to investing and finance, however, there is a truly magic number: 72. While a spreadsheet or a scientific calculator may be required to calculate compound interest, using the number 72 gives you a simple calculation for when your money can double after compounding over the course of several years.

The wrong way to evaluate investment performance

The Harvard Crimson ran an editorial last year excoriating the university’s management of its endowment fund. Harvard’s student newspaper was blunt.

“Harvard Management Company announced a $2 billion loss for fiscal year 2016. Let’s not mince words: This is unacceptable,” it said.

Do we have the lowest interest rates in the past 5,000 years?

Most everyone is probably aware that interest rates today in the U.S. are at historic lows.

To a large extent, this is due to the quantitative easing strategy that the U.S. Federal Reserve has followed since the depression of 2008. The Fed’s goal was to suppress interest rates to make borrowing easier to stimulate the economy after its biggest collapse since the Great Depression of the 1930s. Central banks in many other countries followed suit, and today the phenomenon is fairly widespread across much of the developed world.

What you need to know about Social Security

As a financial adviser, one of the most common questions I am asked is: Will Social Security still be there, in its current form, in the next 15-20 years?

After all, consider the following statistics.

Realtors fund scholarships for high school seniors

The 18th annual Silicon Valley Realtors Scholars Program for graduating seniors from 18 public high schools in Silicon Valley is under way.

The Charitable Foundation of the Silicon Valley Association of Realtors (SILVAR), a professional trade organization representing more than 5,000 realtors and affiliate members engaged in the real estate business on the Peninsula and in the South Bay, sponsors the program.

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