Notices

#1 stock in world today?

Old 06-09-2015, 06:40 PM
  #1  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Dec 2003
Location: Marblehead, Ohio
Posts: 9,777
Default #1 stock in world today?

What say all you guru's? Not really a stock but still, it's compelling.

http://seekingalpha.com/article/3242...k-in-the-world
Boataholic is offline  
Old 06-09-2015, 06:53 PM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Jul 2004
Location: Boston
Posts: 4,111
Default

No guru here, but I would never put my eggs in one basket.
A solid diversified portfolio of vanguard or fidelity Spartan index funds is the way to go in my book.
There are total market, SP 500, mid cap, small cap, international funds with expenses in the 0.0x % range. You can add bond, REIT and sectors if you want.

If you want to go real easy look into lifecycle funds with specific retirement dates. They buy a diversified group of index funds and adjust it for risk (more conservative over time) as the date approaches.

Past returns are no guarantee and the article clearly states "volatility ahead:". You can win and you can lose picking a single stock or a narrowly diversified portfolio.

Never get into the stock picking or mutual fund picking game - too risky and costly. Read some material from Dan Solin and William Bernstein. Invest yourself - never pay an advisor a percentage to manage your account. Seek advise from a fee based only advisor and write the check versus having your account drained in the background with the advisor percentage and high expense funds.

Just look at the 4% rule. If your advisor is taking 1-2% and they are placing you in high expense funds and turning them over all the time to rack up the commissions, you are probably paying as much to manage the funds as you can take out. If you cut those tick bastards out, you can increase the money to you 50%. This isn't rocket science and these guys are making a fortune of lazy people. If lazy, find a fee only advisor that provides advice and a plan that you execute. Make sure he is not a custodian of your funds and make the trades yourself. You have to make sure he is working for you and not himself.

Last edited by dannyroche; 06-09-2015 at 06:54 PM. Reason: spelling
dannyroche is offline  
Old 06-09-2015, 07:00 PM
  #3  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2007
Location:
Posts: 3,457
Default

Originally Posted by dannyroche View Post

If you want to go real easy look into lifecycle funds with specific retirement dates. They buy a diversified group of index funds and adjust it for risk (more conservative over time) as the date approaches.

Hi, not to derail, but can you give me a specific term or words to Google to get a better understanding of this. I Googled lifecycle fund and so much came up it was a bit overwhelming. I need to do something and want easy.
bayrunner16 is online now  
Old 06-09-2015, 07:05 PM
  #4  
Senior Member
 
Join Date: Feb 2002
Location: NJ & MV
Posts: 3,836
Default

Originally Posted by bayrunner16 View Post
Hi, not to derail, but can you give me a specific term or words to Google to get a better understanding of this. I Googled lifecycle fund and so much came up it was a bit overwhelming. I need to do something and want easy.
Target date fund
aubv is online now  
Old 06-09-2015, 07:12 PM
  #5  
Senior Member
 
Join Date: Mar 2015
Location: Cape Coral, FL
Posts: 166
Default

Originally Posted by bayrunner16 View Post
Hi, not to derail, but can you give me a specific term or words to Google to get a better understanding of this. I Googled lifecycle fund and so much came up it was a bit overwhelming. I need to do something and want easy.
Here's Vanguard's take on them: https://investor.vanguard.com/mutual...et-retirement/
FlyingDiver is offline  
Old 06-09-2015, 07:35 PM
  #6  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2007
Location:
Posts: 3,457
Default

Thanks guys. Appreciate it.

Sorry for the derail. Carry on.
bayrunner16 is online now  
Old 06-09-2015, 07:37 PM
  #7  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Dec 2003
Location: Marblehead, Ohio
Posts: 9,777
Default

ok, danny, I understand all about basic investing. The threads been derailed already! LOL. I don't wanna hear about "life cycle" funds" or "target retirement" funds!!! I'm not talking about putting everything I own in XIV, just wondering what others thought of it as a place to "allocate" a percentage of one's portfolio or just take a flyer.
Boataholic is offline  
Old 06-10-2015, 03:05 AM
  #8  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2008
Location: Somewhere in the middle of Michigan
Posts: 10,403
Default

What I gathered from that article is that XIV excels at all the author's technical analysis tests. The article did not help me understand what the underlying investment is or why I should expect it to continue making money. That's one of the tests I apply before making an investment decision. Until I can understand an investment, I don't put my money in it.
yarcraft91 is offline  
Old 06-10-2015, 03:26 AM
  #9  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2012
Location: Charleston, SC
Posts: 8,125
Default

I liked the part about him constantly searching for "a counterparty".

Author says he used to call in to mad money and buy the stocks jim was picking (caller could listen live during the hold time) then sell them the next day after they would rise based on Jim's picks, which they inevitably would, only to fall back down to normal trading patterns several days later.
Double tyme is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread