09282016Wed
Last updateWed, 28 Sep 2016 4pm

How the early use of big data made a mutual fund's trillions

It was 40 years ago last month that Jack Bogle and his new firm The Vanguard Group launched First Index Investment Trust, the world’s first index mutual fund available to retail investors. Looking back on it today, you’d probably be surprised at just how difficult the effort turned out to be.

Not only did it take him two years to get the fund launched, as Bogle writes in an article in the Journal of Index Investing, its initial public offering flopped. It took several years of poor performance for the fund, later renamed Vanguard 500 Index Fund, to grow.


Sour deal for client leads to a savory treat for Lemon Lawyer


My first column for the Town Crier involved a free latte. This one, oddly, concerns food, too. I recently received an inquiry from a client I last worked with in 2010. While I handle more than 100 cases per year and cannot remember all facts, names and faces, this client stood out.

Her car had a leaky sunroof that caused problems each time it was washed. An attorney in Southern California agreed to help her. The agreement she signed with him was onerous and bordered on unethical. He then promptly allowed her statute of limitations to expire, prior to telling her that he could not help her.

Are you paying too much for your 401(k) funds?

Although we cannot control the returns we get from our investments, there are things we can control to maximize the chances that our investment portfolios will grow sufficiently to support all of our future goals. A very important one is cost.

Clutter can stress out homeowners

Clutter can affect a person’s mood and self-esteem and can even lead to depression, according to research by UCLA’s Center on Everyday Lives and Families.

Houselogic, a site created by the National Association of Realtors for homeowners who want to improve and maintain their homes, reported that many homeowners are overwhelmed by clutter and experience anxiety and depression over clutter that may emotionally paralyze them or prevent them from inviting friends over. Clutter can be especially difficult to tackle for older adults whose homes contain a lifetime of memories, from family photographs to their children’s old toys and other mementos.

Five strategies to avoid investment adviser fraud

According to a recent article in The Mercury News, San Francisco Giants pitcher Jake Peavy was defrauded out of more than $15 million by a financial adviser.

The federal lawsuit alleges that Ash Narayan of RGT Capital Management in Irvine fraudulently shifted $33 million from client accounts to a startup in which Narayan had a major personal financial interest. Unbeknownst to his clients, Narayan allegedly forged client signatures to enable the transfers to prop up the startup’s income statement.


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