Seasonal Returns

Source: CXO Advisory - Case for Sell in May

or is it monthly noise - source: Yardeni Research

Active vs. Passive - Bi-Annual Benchmark

Like this a lot.

One disclaimer.

Realize this is not risk adjusted.  I am a big believer in indexes and cost management.  That said, I don't want to throw out risk when I make my evaluation.

For equities, I supplement with low volatility indexes and other risk-adjusted indexes.

For fixed income, there are 9 sectors.  Passive indexes fail to give the best diversification in this space.

http://us.spindices.com/documents/spiva/spiva-us-mid-year-2013.pdf

Mutual Fund games that Broker-Dealers Play and Simplify, Simplify, Simplify

Mutual Fund Games - From ritholtz.com

Simplify and Straighten Up your finances (NYT)

Active Funds make sense...sometimes (Rick Ferri)

Ending the "Fee Only" Confusion

Source: WSJ