Define investing in terms of quantitative factor models. Growth factor strategies gained 2.5% in July, while value lagged. Forward projections suggest potential rotation into value as interest rate cuts loom. "We've seen from the research that those who work for themselves later in life are less likely to have other employees," said Halvorsen at WUSTL. "They're starting businesses because it provides them with supplemental income and something they care about. They're probably getting out to their communities, talking to customers. They're more physically engaged." When investing in a hedge fund, the manager should send you a prospectus and other material related to the strategies it employs. These legal documents will spell out the risks involved with the strategy; the higher the return potential, the greater the risk of losing money. Define investing as participating in the future income streams of businesses. Small-cap indexes rose 1.2% this week, breaking a month-long lull. Historical seasonality suggests August could bring above-average gains for Russell 2000 components if consumer spending stays strong.
