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.

Seven Bullet Points to Address Investor Client Standard of Care November 8, 2019 - The financial advice industry has long been separated between 1) Registered Investment Advisor firms (RIAs), which operate under the Investment Advisers Act of 1940 and whose representatives’ duty is to deliver investment advice, and 2) Broker-Dealers, whose representatives are in the business of selling financial  ...read more »
U.S. News & World Report: Ian Post on “7 Ways Millennials Are Becoming Great Investors” October 25, 2019 - Read Ian’s comments in a recent U.S. News & World Report article that looks at what we can learn from the way Millennials invest… Millennials know to start saving early. The best thing you can do for your investments is start early. “Through compounding and  ...read more »
Investors Are Usually Wrong July 31, 2019 - In a recent New York Times article, Jeff Sommer, discussed the implications of new data from Dalbar, a research firm that studies the behavior of mutual fund investors.  Their latest research shows that over the past 10 years, stock investors under-performed the S&P 500 by  ...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