Investing Research Articles

…”much of the wisdom comprising the popular version of TA does not qualify as legitimate knowledge,” and “TA must evolve into a rigorous observational science if it is to deliver on its claims and remain relevant.”

…mutual fund investors venturing into the international arena may want to apply these findings to screen funds according to size, age, fees, management and country.

…high mutual fund fees may signal poor investment returns, both before and after fees. Investors who focus on low-fee funds may enjoy a double payoff.

Here are three relevant questions…

…secondary stock offerings are bad news for companies in financial management mode and neutral news for companies in growth mode. Firm accounting data indicate a company’s mode.

…data from Taiwan strongly supports the conjecture that investors avoid taking losses so that they do not have to admit mistakes.

…prior downward management of earnings (via accruals) is one reason that firms repurchasing shares generate subsequent abnormal stock returns.

Jim Cramer sent comments on our evaluations of his advice (“Jim Cramer Deconstructed” and “Cramer Offers You His Protection”). Because of the nature of Mr. Cramer’s initial message, we retain the personal nature of the subsequent exchange with slight editing (spacing and punctuation) for readability, and substitution of descriptive links for long URLs. The correspondence… Keep Reading

…investors expect annual equity returns of 3-4% over the risk-free rate in coming years.

…the stocks of companies issuing equity and convertible debt tend to underperform over several years as they invest “easy money” into projects of diminishing returns.