Search found 4 matches

by fsperling
Sat Feb 16, 2013 7:57 am
Forum: Personal Consumer Issues
Topic: Deciding college for High School Graduate
Replies: 65
Views: 8221

Re: Deciding college for High School Graduate

It's a shame to think about college as only a means to an end, in this case admission to medical school. The four years of college can be truly transformative.

As for finances, many of the best colleges use a need-blind process process for admissions and award financial aid (in some cases exclusively grants as opposed to loans) on a need-based basis.
by fsperling
Sat Nov 01, 2008 1:31 pm
Forum: Investing - Theory, News & General
Topic: How to calculate asset allocation in tax deferred accounts
Replies: 26
Views: 4361

William Bernstein addressed this question in the Summer 2004 issue of the "Efficient Frontier" in an article entitled "Do Your Asset Classes Care Where They Are?" He concluded: "In most cases, your assets don’t know or care where they are."

It is available online and I would post the link, but this site will not allow me to do so.
by fsperling
Sun Oct 26, 2008 7:48 am
Forum: Investing - Theory, News & General
Topic: REIT Valuations
Replies: 11
Views: 3483

I understand that funds from operations or adjusted funds from operations are better measures for REIT's, but that still doesn't explain the substantial divergence from prior comparative price/earnings ratios.
by fsperling
Sun Oct 26, 2008 7:29 am
Forum: Investing - Theory, News & General
Topic: REIT Valuations
Replies: 11
Views: 3483

REIT Valuations

According to Morningstar, the current price/earnings ratio for the Vanguard REIT Index is 27.27 compared to 13.43 for the Vanguard S&P 500 Index.

An article several years ago in Forbes reported that over the prior decade REIT P/E ratios averaged nearly 1/3 less than the P/E ratio of the S&P 500. On the other hand, Green Street Advisors show REIT's at a discount to their net asset values.

Can anyone explain this seeming anomaly?

Fred Sperling