Founder, ETFguide
Contributor's Links: The Index Investing Show ETFguide

Ron DeLegge is a leading authority on portfolio construction, investment management, and risk control. His three-word investment philosophy is to help people BUILD, GROW, and PROTECT their money. Through a mix of investment research, online courses, and hands-on help, Ron shows investors like ... more

ALL CONTRIBUTIONS

The Right Context For Active Management
Actively managed portfolios are not a device of nefarious origin. And neither is it a “dead exercise” as the vox populi has declared. Nevertheless, to be successful at active investing, there are some big time hurdles.
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How To Use Single Country ETFs
Among the greatest breakthroughs that exchange-traded funds have made is giving people complete control of their investment decisions.
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3 Diversification Errors
Portfolio diversification is an investment strategy designed to limit risk by spreading money across multiple asset classes and securities.
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How To Hedge In A Rising Market
Hedging, for some investors, sounds complicated. In reality, it’s not because it’s all about reducing investment risk.
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Is Sector Performance Following History?
It’s been said the more things change, the more they stay the same. And right now, the performance of stock market industry sectors is behaving right in line with that view.
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What To Do About Fading Stock Market Momentum
Wall Street has been so busy with one all-time high after another, many have already long-forgotten that it’s been over one-year since the stock market corrected by 10% or more.
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Comments

Latest Comments
3 Lies About ETFs
1 year ago

Carol,

You're 100% correct, I'm biased! Glad you picked upon this. And more specifically, I'm biased toward a) indexing a person's core portfolio and b) using #ETFs as the building portfolio building blocks.

Finally, it's OK to have financial biases, so long as those biases are correct and firmly rooted in improving the odds of long-term investment success.

Beware of financial pundits or advisors that say they're "unbiased." Why? Because he who stands for nothing, will fall for anything.

In this article: SH, VIXY, FXE, DBC, SCHB, ICF
4 Moments When "Stay The Course" Is Really Bad Investment Advice
1 year ago

JE,

Diversification is an obvious hedge, but it still doesn't provide full downside protection.

That's why having a margin of safety built into a portfolio is an absolute must. At the portfolio construction level, it's one of the three essential ingredients to a robust and properly built investment portfolio.

I wrote a research piece about margin of safety a few months ago, here's how it works: etfguide.com/does-your-portfolio-have-a-margin-of-safety/

P.S. Diversification has layers. There's asset diversification, there's investment strategy diversification, income diversification, etc. as a few examples.

1 to 2 of 2 comments

STOCKS I FOLLOW

AAPL Apple Inc.
BAC Bank of America Corporation
CME CME Group Inc.
DB Deutsche Bank AG

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PERSONAL BLOG

Latest Posts

Work Experience

Independent Teacher
Udemy
October 2015 - Present (1 year 10 months)

Ron is the the Lead Investor and Teacher of the following online courses:

1) Build, Grow, and Protect Your Money: A Step-by-Step Guide
2) Investing: How to Fix Hidden Flaws Inside Your Portfolio

Host & Producer
Index Investing Show
May 2015 - Present (2 years 3 months)

Ron also serves as the host and producer of the Index Investing Show, a weekly radio/podcast program. The show focuses on personal finance, investing, and retirement planning geared for the public. Ron's weekly guests have included noted authors like John C. Bogle, Mitchell Zuckoff, Sean Carr, Richard Ferri, CFA, Russell Wild, MBA along with Nobel Prize Winners in Economics like Harry Markowitz and William F. Sharpe.

Founder & Chief Portfolio Strategist
ETFguide
May 2003 - Present (14 years 5 months)

ETFguide.com is a leading provider of ETF news, data, and research on exchange-traded funds (ETFs). The firm was founded in 2003 by Ron.

Education

Securities Exchange Commission
Series 7, 63, and 65
1996 / 2007
Having successfully passed securities examinations for the series 7, 63, and 65, Ron was a licensed registered representative and registered investment advisor from 1996-2007. Ron is also proud of his clean disciplinary history with the SEC and state regulators.
American Academy of Art
Graphic Arts
1987 / 1991
While many Wall Street people go to Harvard or Yale University to learn about business, Ron went to art school. While he's no longer active in the graphic arts industry, Ron deeply admires Paul Rand's work. He also enjoys observing the loose "art form" of less refined artists - financial artists like former Federal Reserve Chairman Alan Greenspan and ex-SEC Chairman, Christopher Cox.

Publications

Gents with No Cents
Ron DeLegge
Half Full Publishing Group
12/01/2011

GENTS WITH NO CENTS explores a rarely examined side of Wall Street: Its childish antics. From accountants that can’t count, to financial regulators that don’t regulate, GENTS WITH NO CENTS will make you howl with laughter at their incompetence.

Written by Ron DeLegge II, veteran radio host of the Index Investing Show, GENTS WITH NO CENTS is narrated in an easy going style with sharp satire throughout and 20 hand drawn illustrations by noted cartoonist, Dave Clegg.

DeLegge draws from his personal experiences as a Wall Street salesperson with crazy supervisors and even crazier customers. He offers a refreshing perspective that’s opposite of the angry and condescending tone of financial literature that has come to characterize our era.