NYSE traders: stocks can underperform for long periods.. Photograph:  Brendan McDermid/Reuters

How much money should you put in global equities? Are bonds looking risky right now? Is an old-fashioned portfolio made up of equities and bonds suffi(...)

Party’s over: The Nasdaq lost 78 per cent of its value in the years following 2000. Illustration: Steve Lopez/Bay Area News Group/MCT via Getty Images

Fifteen years ago today, the dotcom bubble burst, ending the greatest market mania of recent times. What followed was market carnage on a grand scale.(...)

Under review: NYSE traders consider the stock market which sceptics say is due a serious decline. Photograph: Brendan McDermid

The bull market in US equities is now almost six years old, with stocks having more than tripled since March 2009. Might 2015 prove to be the year tha(...)

On a high: the continued advance of equities means one influential strategist sees almost no value in the US market and precious little elsewhere.Photograph: Brendan McDermid/Reuters

The US stock market is “hideously expensive,” according to James Montier, an influential strategist with GMO, a global investment management firm bas(...)

Pan-European indices have advanced just 3 per cent in 2014, compared with double- digit percentage gains in the United States. Might 2015 see a revers(...)

Pause for thought: multiple signals indicate that the US stock market faces years of sub-par returns. Photograph: Andrew Burton/Getty Images

Bearish predictions of a market crash are largely hyperbolic, as we noted last week, but that doesn’t mean investors shouldn’t be concerned about valu(...)

There are a host of reasons why the vast majority of funds are destined to continue their underperformance in the coming decades. Photograph: Brendan McDermid/Reuters

The aim of actively-managed funds is to beat the stock market, but precious few manage to do so. This simple fact of life is perplexing to ordinary in(...)

Stocktake

Correction or not, investors may need to “buckle up for more volatility” following the recent “market rout”, Blackrock recently cautioned. Two (...)

Jeremy Grantham’s GMO has been warning for some time that US investors face subdued long-term returns due to elevated prices. Valuation warning signal(...)

A woman rides past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing. Photograph: Petar Kujundzic/Reuters

We have been noting that emerging markets are cheap, but not uniformly so. Some countries are cheap, others are expensive. Cyclically sen(...)