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Investing footnotes

Investments should be cheap

Zweig May Day https://jasonzweig.com/how-may-day-remade-wall-street/

Morningstar 2018 Fee Study https://www.morningstar.com/articles/925303/2018-morningstar-fee-study-finds-that-fund-prices-continue-to-decline

Kitces 2017 Fee Study https://www.kitces.com/blog/independent-financial-advisor-fees-comparison-typical-aum-wealth-management-fee/

Our fee structure innovate-wealth.com/start-here

Investments should be simple

Green, Armstrong (2015) https://www.sciencedirect.com/science/article/abs/pii/S014829631500140X

Leli, Filskov (1984) https://pubmed.ncbi.nlm.nih.gov/6511961/

Grove, Zald, Lebow, Snitz, Nelson (2000) http://zaldlab.psy.vanderbilt.edu/resources/wmg00pa.pdf

Goldberg (1969) https://projects.ori.org/lrg/PDFs_papers/Goldberg_1969_MBR.pdf

Investments should be rules-based

Kahneman, Tversky (1979) https://www.jstor.org/stable/1914185?origin=crossref&seq=1

Fox, Tom, Trepel, Poldrack (2008) https://www.acrwebsite.org/volumes/v35/naacr_vol35_332.pdf

Investments should be based on evidence

Fama, French (1992) https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1540-6261.1992.tb04398.x

Lakonishok, Shleifer, Vishny (1994) https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1540-6261.1994.tb04772.x

Gray, Vogel, Foulke (2015) https://www.amazon.com/DIY-Financial-Advisor-Solution-Protect/dp/111907150X

Vogel (2016) https://alphaarchitect.com/2016/11/02/value-investing-using-enterprise-multiples-is-the-premium-due-to-risk-andor-mispricing/

Antonacci - (2012) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2042750

Moskowitz, Ooi, Pedersen (2012) https://www.sciencedirect.com/science/article/pii/S0304405X11002613?via%3Dihub

Baltas, Kosowski (2011) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1968996

Faber (2006) - https://mebfaber.com/wp-content/uploads/2016/05/SSRN-id962461.pdf

Faber https://www.cambriainvestments.com/wp-content/uploads/2017/01/Trinity_WP_122816_A.pdf

ETFs are tax efficient - https://www.etf.com/etf-education-center/etf-basics/why-are-etfs-so-tax-efficient

https://blog.thinknewfound.com/2018/03/two-centuries-of-momentum/

Don't be dumb

Structured Notes https://www.morningstar.com/articles/987331/beware-of-banks-bearing-promises

Whole Life Lapse Rates https://www.whitecoatinvestor.com/the-statistic-whole-life-salesmen-dont-want-you-to-know/

Failure of Multi-level marketing https://www.ftc.gov/sites/default/files/documents/public_comments/trade-regulation-rule-disclosure-requirements-and-prohibitions-concerning-business-opportunities-ftc.r511993-00008/00008-57281.pdf

Day Trading https://www.marketwatch.com/story/the-odds-of-day-trading-yourself-to-a-profit-are-lower-than-you-expect-2016-08-19

Single Stocks https://alphaarchitect.com/2015/05/21/the-risks-of-owning-an-individual-stock/