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Phil Kernen

Phil Kernen, CFA, is a portfolio manager and partner with Mitchell Capital, a financial planning and investment management firm in Leawood, Kansas. When he's not working, Phil enjoys spending time with his family and friends, reading, hiking and riding his bike.

We’re All Active

Phil Kernen  |  Mar 16, 2021

OVER THE PAST TWO decades, investors have increasingly shunned actively managed mutual funds, instead embracing index mutual funds and exchange-traded index funds. This has led to a contrived debate over whether active or passive investing is better.
My contention: It’s wrong to position indexing as somehow the mirror opposite of active management. Why? Even if you eliminate active mutual fund managers and their fees from your portfolio, you still need to grapple with three crucial investment decisions—all of which involve the sort of judgment call active investors must make.

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What? Spend It?

Phil Kernen  |  Mar 5, 2021

HISTORY IS FULL of fringe investments that make headlines after rapid—and often inexplicable and indefensible—price increases. Bitcoin is one of the latest examples, leaving even casual observers asking, “What is it and should I buy some?”
First traded in 2009, bitcoin is the best-known cryptocurrency. Thousands of others have been introduced, but many have since died. That’s one problem with trying to pick the right digital currency to purchase: There are low barriers to entry.

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