Overview: The purpose of this whitepaper is to educate readers about a flaw in our market structure, that causes income-producing securities to trade “Dirty." Dirty security pricing causes investors to pay inflated values for income-producing securities and then...
FairShares: Another Example of Why Mutual Fund Companies Need to Adapt to Beneficial FinTech Changes Sooner Not Later
Resistance to change on the part of mutual fund companies ETFs has cost them many assets over the years – especially when those changes benefit investors’ after-tax returns. ETFs tangibly improved after-tax-and-fee returns, transparency, efficiency, and accessibility...
Calculate Your Loss Prior to Investing – A Manifesto on Inefficient Markets and Systematic Investor Losses
The purpose of this article is to prove that, at least for income-producing securities, the stock market is NEVER efficient. The evidence of an inefficient stock market is a provable fact, and this article should change investment behavior. The entire market for...
Understanding Investor Losses – When to Stop Buying Traditional Investment Funds
This article explains how investors are subjected to ever-increasing investment losses as the payment period progresses due to “Dirty” security pricing. Savvy investors will purchase and sell a traditional investment fund on the ex-dividend day ONLY and will inquire...
How Does FairShares “Increase the Performance of any Investment Fund”
FairShares is able to increase the performance of any investment fund that pays a dividend, interest, or capital gain by preventing systemic investor losses associated with the current last holder of record accounting and payment system. Investor losses in investment...
Why Sellers of FairShares Funds Will Outperform Traditional Funds
Traditional investment funds accrue dividends received from their underlying securities to the net asset value (NAV) of the fund. This accounting process inflates the value of the fund by the amount of income received. While this process is inefficient, it creates a...