Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Dear davidmoran,
Please stop with the "I may..."
Please step up to the plate and post the same day you make trades.
I mean, hell, we all want to follow the master.
I also hate it when you make a comment - get called or questioned about it - then s…
MJG,
Thanks. That was fun.
And yes, I overestimated my confidence somewhat.
As a friend told me - investing isn't about how one sees
their investment strategy but how clearly one sees one's self.
I hope all is well with you,
Flack
rforno,
“I do think there will be a reckoning -- but I'm sure
not going to try trading it in advance.”
Ok, no advance trading. That makes sense.
So what is your plan for the reckoning?
Dear ship..........
If that is your fascination, then why did you start this discussion with such a "irrevelant" question?
You're now on my no-read list.
But thanks for playing the game.
Hello MJG,
It’s good to hear from you as well. Thanks for the Tetlock studies.
I’m doing well… and still charting the markets, although with less interest
since I’m not on the glide path and have been enjoying retirement
for quite a while.
These…
My takeaway, aside from joy, is that
DEFENSE saved the day – not unlike my
investment strategy, which is currently doing the same
for my LT portfolio.
All is well in my hometown of Denver.
Dex
“If the USA is going the way of reducing hours and increasing vaco;
it should be original e.g. split up the year - 2 people work 1 job - 6 months on and
6 months off or similar.”
You’re joking, right?
Have you ever owned or operated a busine…
For what it’s worth and
from a purely - over simplified - Technical Analysis…
The “lows” brushed the 150-day Simple Moving Average.
This also happened earlier this year.
Each time, the price has bounced off this price area.
We have seen this seve…
Yes, I have received these dinner offers for more
than ten years.
Laid end to end, they would likely encircle my neighborhood.
I did however attend a free seminar (in 2005 or 2006)
sponsored by CNBC.
As I recall, it was then called a CNBC Univers…
My good friend David O. England challenges Jim Cramer - video
http://www.msn.com/en-us/video/watch/professor-challenges-jim-cramer-with-stock-bet/vi-BBkxEWq
Crash –
“An item sticks in my mind from Denmark that I've seen: Income there beyond the equivalent of $300,000.00 USD is taxed at nearly 100%. The message is: you don't need any more than that.”
I haven’t found any proof of that but I did find th…
Dear JohnChisum
“Trying to find news or financial reporting that is in depth and
well written and/or produced is pretty much impossible.”
I’ve heard this complaint many times and here’s a thought –
The financial stuff that we read and hear these …
Old Skeet,
Obviously, there are many ways to skin the investment cat.
Mass diversification is one answer… but then, so is simplification.
I’ll admit that the first time you posted that you owned 50 funds,
I had to laugh. Sleeves - or pant legs or…
Charles,
I don’t know about Junkster, but I’ve just been
day trading the S&P e-mini futures since January.
Lots of great volatility.
My LT portfolio hasn’t changed - no need to.
Charles,
Just curious - where did you get the 3.9% return
for the past 14.3 years?
Anyway to know what the return would have been
if you were holding 40% in bonds?
Thanks.
So, your returns were less than the S&P 500 due to your diversification.
But somehow in a slipshod moment, he failed to mention the
feather in the diversification cap – rebalancing.
Your returns would have been even less if you had rebalanced
…
Tampabay,
While it's impossible to get the measure of a person simply by their posts,
I get the impression that you are of the same philosophy as my
brother-in-law, who says, "We're not here for a long time. We're here for a good time!"
Hey, I l…
Dear MJG,
As you know, I don’t practice traditional diversification. So, for me,
this has been a good year – just being long the market.
Recently I read some adviser’s comments regarding this year’s
market active that echoes this article. He said…
JohnChisum,
Sorry, I didn't make myself clear.
I'm in Ineichen's camp... have been for several decades...
which means that I sell short aggressively in bad markets.
Well, I’ve never read anything by Ritholtz that I found surprising
or enlightening.
Granted, this is a list of BASICS, but do I find any portion of this list actionable?
Heck. And. No.
Cheated by Diversification?
Mr. Clements has found the enemy – and it is he.
“The long rally has done wonders for my portfolio’s value.
But it also means stocks are now more richly valued—
and expected returns are lower. Unless you never again
p…
expatsp –
A few high yield CEFs…
ETY, NCZ, PTY
Many CEFs have relatively high expense ratios.
However, more important is the Spread – the annual dividend
yield minus the ER.
For example –
ETY’s spread is 7.72%
PTY’s spread is 7.90%
NCZ’s sprea…
Thanks for the replies… and your concerns.
So, just to clarify -
Jerry - There are no young people in the house – those days
are long gone.
My wife and I live in a quiet neighborhood but recently
there have been a couple of daylight break-ins.
…
The correct Terminology…
Resistance: Resistance is a price level at which there is a large enough supply of a stock available to cause a halt in an upward trend and turn the trend down. Resistance levels indicate the price at which most investors f…
Art is incorrect.
This is a triple-bottom.
Obviously, it appears at the BOTTOM of a price range,
not at the top.
http://stockcharts.com/school/doku.php?st=triple+bottom&id=chart_school:chart_analysis:chart_patterns:triple_bottom_reversal
Charles,
“But we are only 2% above 200 day average, which
probably represents next resistance level.”
When the price is ABOVE the moving average and FALLING,
the moving average represents a SUPPORT level – a floor.
When the price is BELOW the …
Let’s face it; 401(k) sponsors are thieves.
Company executives and their HR people are accomplices.
None of these people make it a point to emphasize
or explain in detail what plan participants are paying.
If the HR department or the investment c…
