Searching for Great Dividend Funds

+ Don't miss Campbell Harvey on the bond market, U.S. economy & the Fed

“When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'”

Charlie Munger


Morningstar analyzes various dividend strategies: dividend income, dividend growth, and dividend growth & income. Then they share a “how to” guide with what to focus on when trying to identify dividend funds that will perform well over the long run.

This paper challenges two central tenets of lifecycle investing — savers should diversify across stocks and bonds and the young should invest more heavily in stocks than the old. Their analysis finds an even mix of 50% domestic stocks and 50% international stocks held throughout one’s lifetime vastly outperforms age-based, stock-bond strategies in building wealth, supporting retirement consumption, preserving capital, and generating bequests.

You can listen to one of the authors discuss the paper on The Rational Reminder podcast [AppleSpotifyYouTube].

Given the sheer magnitude of US retirement savings, we estimate that Americans could realize trillions of dollars in welfare gains by adopting the all-equity strategy.”

Facts & Figures

The R&D spending of Amazon is greater than the R&D spending of all companies and government in France. Pepsi's R&D spending beats all sources in Nigeria. Link

The emissions that a modern tractor trailer puts out are 1/75th of what a tractor trailer put out in the 1980's. Link

“The S&P 500 technology sector's relative strength versus the broad market is at its highest level since March 2000.” Link

The Cleveland Fed’s quarterly index of moves in rents for new tenants showed a year-on-year drop of 5% in 4Q23, the biggest fall since the index was started. Link

MSCI’s indexes for emerging markets (excluding China) tracked China almost perfectly for 20 years, but not recently. Link

India surpassed Hong Kong to become the 4th largest stock market in the world after the close on January 22, 2024. Link

Awesome visual of S&P 500 returns over the past 150 years.


1/17/24 - 29 minutes

Finance professors Jonathan Berk and Jules van Binsbergen walk through five common mistakes financial professionals make and share some strategies to avoid bad advice.

1/18/24 - 56 minutes

Professor Harvey shares his thoughts on the bond market, the U.S. economy and Federal Reserve policy.

What Else Is Happening

Deal of the Week

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