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No arguments from me either mrdarcey. I started the same transformation roughly 8-10 years ago and couldn't be happier about it. Since I've initiated the plan my annual total return on my individual holdings has been 2-4x greater than my mutual fund…
A few:
"A fool and his money are soon parted."
"A penny saved is a penny earned."
"I only buy stocks that go up. If they don't go up, I don't buy them."
@Charles - At first I just went off the list you posted and saw Amdocs, Apple, Computer Sciences, DST Systems, EMC, IAC, Marvel, Micron, Take-Two and thought that seemed like a lot so I searched a bit more. Hopefully I didn't insult you, just wonder…
Charles, define a lot. According to GuruFocus 51% of his portfolio as of 12/31/13 was in the tech sector. Likely not there today but who knows.
http://www.gurufocus.com/holdings.php?GuruName=David+Einhorn
And you know, about those fees. I truly don't think that people pay enough attention to them because they are incorporated directly into the listed market value of our holdings at the end of the day, week or year. I honestly believe that if investor…
Hi Javelina. I'm a little surprised that no one has stepped forward here so far.
High tax bracket or not the overriding issue IMHO would be the fees attached to one's positions. Remembering to compare apples to apples i.e. index mutual funds to ind…
@rjb112, echoing Charles' comments I looked into him with the publishing of The Ivy Portfolio as an alternative to PRPFX the Permanent Portfolio. The concept is far more attractive to me than trying to wrestle with a stable of mutual funds or paying…
Jlev, for me yes. I'm in sync with his technical approach to the market and trading in general. He also incorporates a large variety of opposing opinions but leaves it to his members to make their own sense out of the information.
Having said that …
While I understand the purpose and appeal of these types of funds my question for those who employ them is how large of a position do you establish in said funds in order to, as you stated, compliment a heavy equity portfolio? It just seems to me th…
I personally don't need such a fund having assembled the stocks I own somewhat from this list. However, and more to the point, I've generally always sorted with an initial 3% or better dividend criteria so most of those included in this fund wouldn'…
Nearly anyone with a modicum of common sense and/or intelligence can soon decipher what is worth reading and what isn't. What somewhat surprises me is that Barron's has nothing else better to write about. Funny commentary from a magazine that puts f…
Hank, I agree with what you're saying and will hold off investing in a specific sector like that until there's actual movement. Even then I might not. CB&I is my only current play.
I get what Scott has been saying for a long time but I just hav…
Scott & lova11 - I think you can avoid the foreign withholding tax on Canadian issues if you hold them in an IRA account. At least it works that way in my Roth at Fidelity. The tax will be withheld in a regular account with the possibility of a …
Thank you gentlemen. I've been stalking this one for awhile and other than some worries about their supply vs. demand for rigs being roughly equal rather than pent up on the demand side I can't find anything else materially hampering the valuation.…
John: I had to check and found no problem loading the story link on either a MacBook or iPad (OS6). No techy here but maybe something in your settings is restricting access.
So 2 people suggest some MLP's for you to buy intermixed with Barron's skeptical comments of the MLP investment arena in general. Hmmm. I note that the author also threw in reference to the recent Barron's article slamming The Kinder Morgan group ev…
Ted, with all due respect, if you own SPY you own BRK.
Catch, there's a difference between 'most' investors and the 'average' investor but of course you know that. I still have this feeling that unless an investor understands, even at a minimal le…
Looks like I'm in the minority here but for 'most' investors I think Mr. Buffett's advice is spot on. IMHO 'most' investors don't have a clue what they own anyway. Their employers may provide them means to a 401k or similar and they pick the compone…
Gotta go with Junkster on this one. Hypothetical trades involving no real money with perfect timing, sure, all of us can do that.
Also from Bee's CXO link: "In summary, the Decision Moose asset allocation framework may offer investors a way to beat…
