5 Tips to Avoid Being Ripped Off

I was ripped off this week. 

I won’t mention any names of the financial institutions involved, as there are investigations currently ongoing and I don’t wish to unfairly blame anyone. I'm angry, worried, and even fearful that if someone can get past what I feel are pretty good security precautions (random passwords, secondary PINs, security questions, etc.), how can I ever be sure I'm completely safe? In short, I don't think any of us can ever be totally sure of anything, but perhaps my tale will offer some insight into how you can avoid becoming a victim.

Is Value Obsolete?

If you read last week’s Q2 2018 Market Update, you probably noticed that large company value stocks have been somewhat out of favor lately. This continued a trend that was noted in the Looking Back – 2017 Market Review. In fact, even though academic research has shown that stocks priced lower relative to their book value have had a 3.5% annualized premium[1] over the broad market since 1928[2], in seven of the last ten calendar years, the value premium in the US has been negative.

This has prompted some ATX Portfolio Advisors’ clients to ask if we should reconsider our approach of overweighting portfolios to value stocks (think Exxon Mobil or Wells Fargo) versus higher cost growth companies (Amazon or Netflix)? Some have even asked if value investing is a relic of the past in these modern times? 

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