Many investors select mutual funds based on their past performance and/or their Morningstar Ratings. Both of these metrics have proved ineffective at predicting future performance. We discuss some of the research and reasons why.

If your Investments are in a Taxable Account, you should know exactly how Turnover affects your returns. Many investors don't realize how much Capital Gains taxes affect their returns. Unless you're generating SIGNIFICANT Alpha, the taxes on a portfolio that has annual turnover can significantly underperform an index.

Warren Buffet frequently talks about the benefits of a concentrated portfolio using your best ideas. We’ll discuss why we think this is a fine strategy if you’re on the road to becoming rich, but not if you’ve already arrived. In our opinion, Buffet’s portfolio is a lot more diversified than what you see on the surface.