Should You Invest In an Initial Public Offering?

Vanessa Richardson

Facebook recently filed for an initial public offering (IPO) to raise $5 billion in its IPO, putting its total valuation at $100 billion. Many investors, both institutional and individual, are drooling over the prospects of buying into the hottest company on the block – for now. I say for now, because other investors are questioning how… Read More

The Big Retirement Shift: From Saving Up to Drawing Down

Geoff Considine

The financial services industry is in a period of substantial change.  Low interest rates, new regulations and additional scrutiny are changing the landscape.  Perhaps the biggest change is the transition of the first wave of Baby Boomers from working to retirement.  Not only is this generation huge, but its also the first “401(k)” generation. The… Read More

Beyond VIX: The Outlook for Market Risk

Geoff Considine

A couple of notable statistics pertaining to current market conditions are VIX and implied volatility numbers for the S&P 500 and other major market indexes.  For those who are not familiar with these measures, they are ways to quantify risk.  Implied volatility is the market’s consensus view of risk.  VIX is an index that tracks… Read More

Retirement: Demographics and Destiny

Geoff Considine

In a recent interview in The Wall Street Journal titled “Bad New for Boomers,” Rob Arnott presents a fairly grim view of the retirement income that investors can expect to generate from their investment portfolios.  His thesis is that aside from all of the economic turmoil that may constrain future earnings growth, there is an… Read More

Financial Services for the Masses

Geoff Considine

JP Morgan has gotten considerable attention in the press for a recent statement that serving clients with less than $100,000 in assets is unprofitable.  Not surprisingly, one response to this statement has been to frame it in terms of the message that financial institutions just want rich clients and don’t want to spend their time… Read More

Dr. Andrew Lo: ‘Buy and Hold’ Does Not Work Anymore

Geoff Considine

Dr. Andrew Lo is a thought leader in the world of portfolio management. The MIT/Sloan School of Management professor and Director of MIT’s Laboratory for Financial Engineering has been widely quoted on the implications of the 2008 financial crisis. One theme that Dr. Lo emphasizes repeatedly is that the risks associated with different asset classes… Read More