Although the stock market has had a strong run in recent years, New York Times columnist Jeff Sommer argues that the level of performance “depends on what you mean by ‘the stock market.’ ” He cites the divergence between the rise in the Dow Jones industrial average, the “oldest and best-known measuring stick for the American stock market” (which has gained more than 18% over the last year), and the S&P 500, the “benchmark for large… Read More
If you bought shares of a low-cost stock index fund on the president’s first inauguration day on January 20, 2009, you would now have tripled your money. This according to New York Times columnist Jeff Sommer, who says the Obama years have seen a “splendid market.” Sommer claims, however, that it isn’t talked about much by politicians. “The main reason,” he writes, “may simply be that the current bull market is suspect because it came… Read More
To jump or to tiptoe, that is the question. In a recent piece for the New York Times, Jeff Sommer looks at the issue of whether investors looking to deploy a large chunk of capital in the market are better off doing it all at once or bit by bit.