Endowment strategy under pressure

Managing spending, allocation, and sustainability for long-term growth.

CPI vs PCE

The U.S. government compiles data for two separate indexes to track inflation.

S&P 500 Dividend Aristocrats

The S&P 500 Dividend Aristocrats® (the Aristocrats) is a U.S. equity market index comprising companies from the S&P 500 Index that have increased their dividends in each of the last 25 years.

What is a fiduciary

While the term is often associated with financial matters, broadly speaking, a fiduciary is a person in whom trust is placed.

Hawks and Doves

The terms “hawkish” and “dovish” describe contrasting central bank approaches to interest rates.

Market Timing

The idea of market timing—opportunistically buying when the market is low and selling when the market is high—is not without its allure.

Recessions

Loosely defined as a significant decrease in economic activity that lasts for more than six months, recessions are simply a normal part of the business cycle.

Meme stock and cryptocurrency glossary

The culture surrounding meme stocks and cryptocurrency is largely a product of online spaces, so novices may encounter unfamiliar terminology when navigating investment discussions on these forums.

Meme coins

Meme coins are a form of cryptocurrency that stand out for their questionable valuations, juvenile sense of humor, and potential for scams.

Venture capital

Venture capital (VC) is a form of private equity investing that focuses on businesses at the earliest stages of their life cycles.

Technical Analysis

Technical analysis uses historical price and trading volume data to predict the market’s next move.

The private credit challenge

Cryptocurrency

Cryptocurrency has captured global investors’ attention with its promise of outsized returns, freedom from government regulation or banks, and claims that it represents the future of finance.

Concentration risk

The importance of diversification in an investment portfolio has become a cliché at least in part because it is true.

Beta

Beta is a measurement of relative volatility. In other words, it represents the degree of price sensitivity an investment has to the price movements of a given benchmark.

Standard deviation

Standard deviation is a measure of investment volatility—often simply referred to as “volatility.”

Bills, notes, and bonds: U.S. Treasurys

Some investors may think that all debt issued the U.S. Treasury can be classified as “bonds.” However, there are three types of Treasury securities: bills, notes, and bonds.

Municipal bonds

Municipal (muni) bonds are debt securities that are issued by states, cities, counties, and other IRS approved entities to fund day-to-day obligations or finance infrastructure projects.

What is an ETF

Exchange traded funds (ETFs) are pooled investment funds that are bought and sold on public exchanges.