Vantage Point is dedicated to expressing the investment approach and views of Fifth Set Investment Advisors.

Passing Shots Blog

A variety of thoughts, ideas, views on and reactions to the world of personal finance and investing.

Will FAANG Stocks Continue their Dominant Outperformance? October 30, 2020 - Much has been made of the recent performance of large U.S. technology stocks.  In particular, the performance of the FAANG[1] stocks has captured the imagination of many investors. To frame the discussion, let us look at how FAANG stocks have performed compared to standard benchmarks  ...read more »
The S&P 500 is at Record Levels…Five Key Takeaways for Investors September 1, 2020 - On February 19th, 2020, the S&P 500 index closed at 3,386.15.  That marked the highpoint before the COVID-19 pandemic and subsequent global economic collapse drove the U.S. stock market down 33% in a little over a month.  On August 18th, 2020, amid the continuing twin  ...read more »
Independent Investment Advisor Firms and the Paycheck Protection Program – Fifth Set’s View August 10, 2020 - 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.  ...read more »

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Fifth Set Investment Articles

Larchmont Living – Six Key Questions for the Long-Term Investor

Larchmont Living – When Interest Rates Go Up, Do Stocks Go Down?

Larchmont Living – What’s in a Name? Five Questions to Ask Your Financial Advisor to Find Out

Larchmont Living – New York Direct 529 Plan Updates

Larchmont Living – The Market is Up (a Lot)…Should That Change How We Invest?

Larchmont Living – Return Factors – Using Academic Research to Achieve Higher Portfolio Returns

Larchmont Living – Hold or Diversify: The Low Cost Basis Stock Conundrum

Larchmont Living – A Critical Portfolio Construction Concept: Dollar Downside Risk

Larchmont Living – Do Advisor-Sold 529 Plans Earn Their Fees?

Larchmont Living – The Impact of Volatility on Wealth

Larchmont Living – Keep Your Eye on the Ball

Larchmont Living – Asset Class Returns: The Ultimate Cliffhanger

Larchmont Living – Appreciating Uncertainty: Elections, Investing and Setting Expectations for the Future

Larchmont Living – 1988-2015 – A Review of Global Asset Class Investing – Benefits and Risks

Larchmont Living – A Five-Point Pre-Election Day Portfolio Checklist

Larchmont Living – What is Your Number?

Larchmont Living – Evaluating Money Manager Skill – A Matter of Persistence

Larchmont Living – Rebalancing: A Return Enhancer, Risk Reducer, Both or Neither?

Larchmont Living – A Better College Funding Strategy Without 529 Plans – The Generous Grandparent Scenario

Larchmont Living – 529 Plans: Three Do’s and Don’ts to Help Navigate These College Savings Plans

Larchmont Living – Why Bother with Bonds?

Larchmont Living – Reduce the Tax Pain with Four Tax Efficient Investing Strategies

Larchmont Living – High Volatility, High Anxiety…Five Ideas for Successfully Managing Market Volatility

Additional Resources

A collection of third party videos, articles, white papers, and books that deepen the understanding of the Fifth Set concepts.

Dimensional Fund Advisor Videos

Power of Markets

Can You Predict a Good Time to Buy and Sell Stocks?

A Foundation Built on Great Ideas – Introduction to Dimensional

Know the Animal

How We Design Portfolios

SPIVA® – S&P Dow Jones Indices Index Vs Active

SPIVA® U.S. Year-End 2016

Persistence Scorecard Year-End 2016

Papers/Articles

Murder on the Orient Express
– Ellis

Determinants of Portfolio Performance
– Brinson, Hood, Beebower

The Arithmetic of Active Management
– Sharpe

The Arithmetic of Investment Expenses
– Sharpe

What Stock to Buy? Hey, Mom, Don’t Ask Me – Mankiw,
New York Times

Books

The Wisdom of Crowds
– James Surowiecki

The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between
– William J. Bernstein

Asset Allocation: Balancing Financial Risk
– Roger C. Gibson

Winning the Loser’s Game, 6th edition: Timeless Strategies for Successful Investing
– Charles Ellis