Passive Index Funds Are No Panacea

Timothy Armour recently wrote a column for CNBC about why passive index funds are not a cure-all for what ails the managed investment fund industry. High fees and excessive trading are a problem, to be sure, but investing only in passive index funds will expose investors to the risks of unexpected volatility or extended downtrends.

Recent surveys have found that only half of investors understand that passive index funds fully expose them to market volatility and downtrends. This might be caused by the length of the current bull market. If investors haven’t seen a protracted loss in capital markets, they may forget about the dangers of holding the entire market when it does turn against them.

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The reality remains that there are managed funds that outperform the markets. For example, an investor who had the insight to invest in the best of American Funds, such as The Growth Fund of America or The Investment Company of America, would have been able to beat the S&P 500 over the past 40 years.

Timothy Armour is the independent director of Janus Capital Group, Inc. as well as the independent chairman of AQR Funds. He has also served on the Board of Directors at Janus Capital Group, Inc. In the past Armour has been the managing director at Morningstar, Inc, president of the mutual funds division at Stein Roe & Farnham, Inc., and served on the board of Janus Capital Management LLC, AARP Services, Inc., and ETF Securities.

Timothy Armor received his Bachelor of Arts in Business from Gettysburg College and an MBA from Columbia Business School.

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End Citizens United PAC- The Leader in Campaign Finance Reforms

The End Citizens United Political Action Committee was established in March 1st 2015s. Under grass root sponsorship, this new PAC was determined to reverse the ruling by the Supreme Court in the case titled “Citizens United”, hence the name End Citizens United. The aim of this committee is to reform campaign financing to discourage billionaires from buying elections.



What is End Citizens United’s Mission?



One of the ways End Citizens United intends to eliminate dirty politics is by electing in to power those who support campaign finance reforms. Those elected by End Citizens United will help in the fight to overrule Citizens United, outlaw unlimited cash in political campaigns, and end dark money campaigns.



Why Choose Democrats?



End Citizens United has only shown support for democrats, a gesture that leaves many wondering why they do not support republicans. The truth of the matter is that republicans are known to be in the way of campaign funding reforms. This means that they are also against the overruling of the Supreme Court decision on Citizens United. Since End Citizens United will only show support to candidates who acknowledge that the campaign financing should be reformed, Democrats are most qualified for their backing.



How End Citizens Hit the Spot Light



End Citizens United PAC, caught the world’s attention when they declared their intentions to reform U.S. campaigning system in 2016. The committee’s first order of business was to channel millions of dollars into campaigns for Democratic candidates. Even before it had gathered momentum, this new PAC had already gathered $2 million from grass root donors. The main aim of the committee was to amass $30 million for campaign activities.



The group’s main goal was to agonize for constitutional amendment in an effort to reverse the Citizens United ruling which was passed down in 2010. The ruling contributed to the rise of super committees, and allowed dark money to be injected into politics. So far, End Citizens United has received massive support from likeminded human rights activists, lobby groups, and voters, who are calling for Congress to form legislation that will outlaw the 2010 Supreme Court ruling. Shortly after being established, End Citizens United declared that it would be supporting 11 Democrats including former Wisconsin Senator, Russ Feingold, and Colorado Senator, Michael Bennet.



The main difference between End Citizens United and other PACs, according to Carbo, the committee’s communications coordinator, is that the former rallied behind candidates who believed in campaign finance reforms and were able to contest against the Citizens United ruling. Carbo, also reiterated that his group endorsed candidates who were at loggerheads with billionaire conservatives such as the Koch brother, and other dark money entities.


5 Important Steps To Hiring An Event Planner

If you’ve never hosted an event before, you may not know the important steps to hiring the right event planner who can translate your vision and ensure that your event runs without a hitch. A professional event planner can turn your dreams into a reality while saving you lots of stress. However, if you don’t know how to find the right one, you may end up wasting a lot of money and blowing your big event.


That’s why we’ve listed 5 important steps that everyone should know before hiring an event planner.



  1. Know the Who, What, When, Where, and Why


Before searching the internet for event planners in your area, figure out the objective of your event as well as general details. What is it for? What kind of venue is best for your event? When will it be held? Your planner will need this information from you in order to help you make big decisions.



  1. Know What Kind of Planner You Need


It’s important to determine what you want to handle versus what you want your planner to handle. Your planner will need this information upfront or things can get hairy.


If you want someone else to take care of all of the hard work, look into hiring a full-service event planning company like Twenty Three Layers. Based in New York City, this company can provide every type of service and vendor that you could possibly need. They will even handle setting up the room and adding decor.



  1. Get a Budget Idea


Your planner cannot help you make any decisions until you have a general budget in mind. It doesn’t have to be an exact number, but any planner will ask for this information upfront.



  1. Check References


An event planner may come across wonderfully during an interview, but check their resources before signing any checks. If the planner is professional enough, they will provide references upfront.



  1. Communicate


Since the two of you are working together to make your vision come to life, it’s important to keep in touch with your planner regularly. Notify them of any changes or new ideas that you have.


By following these steps, you will be on your way to hiring the perfect event planner who can make your creative vision come to life!

Find them in NYC: 420 West 14th St., Ste. 2NE New York, NY 10014