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The advent and evolution of ETFs has changed the way an investor can produce alpha. In the late 80's and 90's, one had little choice but to use individual stocks as vehicles in order to produce alpha. Rydex was a pioneer in offering "index" products in the 90's and SPY was the first index...

Over long periods, the small cap value universe outperforms every other stock universe ....

What constitutes "successful" trading ? Ultimately, the randomness of short term price movements and limbic system burnout will propel one onto the heap of failed trader statistics. Have him develop a longer term view utilizing robust , empirically tested methods.

If I see a reference to the word "support" and an accompanying chart, then red flags pop up, as to the ability to test such a premise empirically ( ie the "finding" is being derived from interpretation ) becomes difficult

Because (U.S.) equity markets take long time frames to disseminate fundamental, monetary, and economic information, and economic growth and recess has a generally upward trajectory, there have been quantifiable repeatable occurrences distilled from price based time series that have produced...

Good to start thinking about these financial concepts as eventually you'll want to migrate away from the "noise" and "random" nature of trading. Geometric compounding over longer holding periods affords higher probability statistical outcomes with less work. Some pioneers of fundamental metrics...

Finding an edge from short term movements is futile as short term time frames represent "randomness". Day-to-day market noise can be driven by many non-economically related purchase and sale decisions. Trying to derive how the market interprets new economic data from a single day’s or intraday's...

Before you put the money "at risk", make sure that you know the Federal and state taxes owed on the inheritance and put that aside / pay them. Also, pay off credit card debt and medical bills outstanding. After that, you might want to open and max out the contribution into ( according to the...

There is no accuracy as short term time frames represent "randomness". Day-to-day market noise can be driven by many non-economically related purchase and sale decisions. Trying to derive how the market interprets new economic data from a single day’s or intraday's price action is meaningless...

Small cap value has the most robust, historical performance of all equity "styles". http://www.marketwatch.com/story/8-lessons-from-80-years-of-market-history-2014-11-19 Using a low transaction, tactical allocation model has further improved returns. Vanguard Small Cap Value ( VBR ) is good...

Except that the "purposing" of internal cash flow / money used for R&D, dividends, and stock buybacks by corporate governance does have real world consequences for all of us; indirectly or directly, employment or unemployment. It's a piece of the puzzle that gives us clues into the macro equity...

I'm on Phase 6 " Trader transitioned to longer term holding periods ( months and years ) via the research and development of "tactical asset allocation" models ( investor ?) based on empirically derived, "non subjective" variables. This after realizing that: 1) over long time frames, markets...

1) One that can define the time frame that produces statistically repeatable outcomes outside of the computer driven, random movements of the short term. 2) one that frees up a person from spending all of one's time in front of a screen

You may not be a candidate for short term trading. Eventually, trading short term is a burnout because of the affect that it's randomness and uncertainty has on the reflexive/cortisol circuit and the constant dissonance that it creates in the decision making circuit. One ultimately should...

Traded and conducted investment research for a living from 1994 - 2002. Then from 2002 - 2010, put a few thousand research hours into a more reliable, intermediate term "investing" model using QQQ, VBR, sector funds which has produced risk mitigated alpha with a fraction of the transactions and...