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As worries about inflation grow, CNBC spoke to financial advisors about how investors can protect their money from rising prices and even profit from them.
A Harsh Appraisal
The article, by Massimo Massa, Rabih Moussawi, and Andrei Simonov, fiercely criticizes its subject. The authors find that target-date funds underperform other funds to a staggering degree. This shortfall occurs because target-date funds exploit their relatively captive audiences, which are unlikely to punish subpar returns by redeeming their shares. For a similar reason, target-date funds also get away with fee skimming.
I agree with the authors initial assumptions. They are correct that target-date funds have unusually loyal shareholders who are relatively insensitive to both performance and costs. It is also true that those who promote target-date funds by which I mean not only fund companies, but also 401(k) sponsors, consultants, and the media have counseled target-date investors to invest for the long run. They have been instructed not to sweat the details. Finally, it is true that most target-date fund lineups have closed structures, meaning that th
High inflation? A generation of investors has never felt it
Stan Choe
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FILE - In this Tuesday, March 17, 2020, file photo, a trader works the floor at the New York Stock Exchange, in New York. The central question gripping Wall Street in spring 2021 is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. (AP Photo/Mark Lennihan, File) (Copyright 2020 The Associated Press. All rights reserved)
NEW YORK – The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. The answer threatens to crack the stock market’s incredible, record-setting run that began in March 2020.
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