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Gerstein Fisher article on combining value and momentum strategies
COMBINING VALUE AND MOMENTUM
Gregg Fisher, Ronnie Shah, and Sheridan Titman, Journal of Investment Management, 2016Q2
Summary
http://gersteinfisher.com/gf_article/on-the-road-to-mu…
Ted - thank you. Also see discussion here regarding expense ratios and SWR's:
Pfau & Dokken: Why 4% Could Fail - Rethinking Retirement
https://mutualfundobserver.com/discuss/discussion/23490
Wade Pfau’s new book: How Much Can I Spend in Retir…
msf - thank you for listing of benefits.
So - if I could summarize (at the risk of putting words in your mouth...) it seems as if the benefits of a brokerage (as opposed to a non-brokerage) account, largely benefit traders, as opposed to investors …
msf:
Thanks for analysis. As you say, it works for me. (And yes, I rebalance yearly.)
Since brokerage does not allow either directed dividends (or -as you noted- the automatic exchange between funds that you mentioned in above post), I consider …
On Oct 27 msf asked:
"How does directing dividends from an IRA tremendously simplify handling of IRA RMD's?"
Here is one answer. Suppose that ...1. You own a number of Vanguard mutual funds, in a retirement account which is held in the form of a VG…
Disadvantage of a VG Brokerage account:
Can NOT use the 'directed dividends' (d/d) option, which is currently available only to "regular" (i.e., non-brokerage) accounts.
If you plan it out, the d/d tremendously!!! simplifies handling of IRA RMD's…
And if you'd like to perform factor regressions - to see (for example) what accounts for the performance of your fund, or how to 'replicate' a fund with ETFs - you can uses Portfolio Visualizer:
http://tinyurl.com/PV-ValueFunds
http://tinyurl.com/…
http://tinyurl.com/trp-activeplus
TRPrice offers 'ActivePlus' portfolios now (no fee advisory services using their investor-class funds).
So perhaps Fidelity is doing the "inverse" of that - advisory services for a fee, with no charge for funds..…
It's not beta, it worse! ...
Really 'like' how (in beta) if you want to navigate to the [Mutual Funds] tab, you must click on [More] on the right of the ribbon at the top.
Perhaps M* is trying to de-emphasize mutual funds? Something like Kentuc…
Hennessy has been raising the fee since they acquired the fund.
They then introduced an 'institutional' share class with a $250,000 minimum - with a lower fee than the (original, now called) 'investor' class, and in a very! shareholder-unfriendly m…
Check out Bigcharts using Firefox'ish browser
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=dodgx&insttype=&time=8&freq=1
At left, you should see [Events & Fundamentals]
Click on it.
Choose [Dividends]
See prior post for commentary re: direct vs REIT R/E investments
http://www.mutualfundobserver.com/discuss/discussion/31829/whitepaper-re-listed-vs-direct-real-estate-of-interest-to-folks-investing-in-tiaa-r-e-account
SRI/ESG?
http://www.waldenassetmgmt.com/mutual-funds
Walden Asset Management, a division within Boston Trust, manages portfolios for clients seeking to generate social and environmental impact with their investments. Walden encourages portfolio co…
Research from activeshare.info site
https://activeshare.info/about-active-share
https://activeshare.nd.edu/
https://activeshare.nd.edu/academic-research/
NYT's David Leonhardt has a tribute today, Jan 24:
https://www.nytimes.com/2017/01/24/opinion/brenda-barness-wisdom-and-our-anti-parent-workplace.html
... Barnes died last week, from a stroke, at the age of 63. She died at an unfairly young age, bu…
Re: msf said: "...don't fire the lawyer for being lawyerly"
Unless, of course, the Vanguard lawyer turns out to be older than 50 or so.... (and the behavior described by the plaintiffs is effectively 'confirmed' - if that is the word - by the cour…
FWIW - A post that contained a copy of Ted's link and hattip to Ted briefly appeared on the Bogleheads.org website on Sunday Jan 17 for several hours, but was removed by that board's administrator because it was too controversial for that board.
Th…
Well, it is not available in a transaction amount I can afford at my discount broker.
(And is somewhat expensive, with an ER of 1.19% [per M*] for $100,000 minimum!)
I am looking at similar (perhaps, in that it uses options, but with a different …
Continuing....
Most of the sectors are fairly close, except for Consumer Cyclical and Financial Services - pity. But the broad "super sectors" (Cyclical, Sensitive & Defensive) are spot on. It is also a shame that the blended E.R., at 45 bps,…
Mutual funds that might be useful in replicating - to some degree - the soon-to-vanish SPHQ (an E.T.F. that currently follows the S&P High Quality Rankings Index) would seem to include the following:
DRIPX: The MP 63 Fund http://portfolios.morn…
msf - Thank you! for suggestions and hint re: M* tool.
I was looking for similar sector weightings and portfolio metrics in a relatively diversified US stock fund.
I didn't know that you could do industry concentration screens with the M* Tool. …
One possible answer ... suggested [?] by looking (at Morningstar) for concentrated owners of Hormel Foods (the top holding of the old index) would/might be....
And the winner is ...... Miss Columbia!
... No, that's not right. Here it is (at th…
msf & heezsafe - Thank you.
Pretty similar. [Just kidding!] Darn it! What do I replace SPHQ with....?
(If anyone can come up with alternatives, please post here. Thanks again.)
>>> Hope that someone else picks up the OLD index!
O…
As noted by comment to M* article (below), the M* author seems to be missing the point or burying the lead. The major source of difference is not strategy, but E.T.F.'s structure.
If it was the case that it was "strategy" that was most important (…
