Zero Commissions

Zero Commissions

Over the past few weeks, the largest custodians in the country announced that they’re reducing the commissions they charge for the trading of stocks and ETFs to zero. Charles, Schwab, Springwater’s custodian and the nation’s largest, got things started on October 1,...

CDs, Treasuries and the “Yield Curve”

There is an old adage for investors that goes something like, “It’s not what you earn, but what you keep, that matters”. This of course relates to expenses like commissions and fees, but it’s primarily about taxes. After all, taxes are one of the few aspects of...

B is for Beta

A few weeks ago, we provided a brief introduction to the concept of investment “alpha.” Now that school has resumed across the country, we’ll turn our attention to the next letter in the Greek alphabet, “beta.” You’ll recall that alpha (denoted by the symbol α) is a...

Revisiting the Alphabet

Summer is beginning to wind down and kids will be returning to school over the next several weeks. It’s probably a good time for those of us no longer in school to review the alphabet. However, we will do so in the context of investing. We will start at the beginning...