"The Black Swan" by Nassim Nicholas Taleb
"The Way to Wealth" by Benjamin Franklin
Search found 17 matches
- Mon Jan 05, 2009 11:10 pm
- Forum: Personal Consumer Issues
- Topic: What Book Are YOU Currently Reading? PART II
- Replies: 1043
- Views: 311204
- Mon Jan 05, 2009 10:58 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
"Cramer's assertiveness, his unwavering conviction, and his black-and-white opinions give off another false message. The impression is created that, just in other professions like law and engineering, investing is all about definitive answers--and that Cramer is the source of those answers, instantaneously. The fact is that the market is unforeseeable, but the many novice investors who watch him are led to believe that if they follow a certain regimen the market is, indeed, knowable. Confidence breeds confidence, and Cramer's unequivocal forecasts can be both mesmerizing and misleading."
__Dick Davis, "The Dick Davis Dividend"
- Mon Jan 05, 2009 10:36 pm
- Forum: Personal Investments
- Topic: 529 account for myself?
- Replies: 6
- Views: 1407
- Mon Jan 05, 2009 10:34 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
"But a more important criticism of Cramer is that his short-term, mad-money approach obscures one of the basic truths about investing: The best way to put the odds in your favor is to invest long term. Instead, he creates the strong impression that investing is all about beating the market over a period of months, not years. While steadfastness and persistence are keys to successful investing, Cramer creates unrealistic expectations of immediate gratification. Mad money may only apply to the speculative portion of a portfolio, but once hooked on Cramer's exiting "watch TV, get rich" mind-set, the patience to hold stocks or index funds for years through dull markets may be hard to come by." __Dick Davis, "The Dick D...
- Mon Jan 05, 2009 10:06 pm
- Forum: Personal Investments
- Topic: Question on dollar cost averaging and rebalancing
- Replies: 2
- Views: 1187
- Mon Jan 05, 2009 9:56 pm
- Forum: Personal Investments
- Topic: 529 account for myself?
- Replies: 6
- Views: 1407
529 account for myself?
I'm 29 and never went to college. Can I open a college savings account for myself?
- Mon Jan 05, 2009 9:50 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
- Mon Jan 05, 2009 9:48 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
- Mon Jan 05, 2009 9:39 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
- Mon Jan 05, 2009 9:31 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
I think that was Friday. He said new investors should invest their first $10,000 in an S&P 500 index fund and people who don't like to do "homework" should invest everything in the S&P because it is the "ultimate diversification", of course he forgot to mention(and never does) any asset
class other the equities.......Nothing else was on TV
I was paraphrasing.
He's been acting different for the last couple weeks.
I think he read "The Dick Davis Dividend", it had a chapter(somewhat critical) about him.
class other the equities.......Nothing else was on TV
I was paraphrasing.
He's been acting different for the last couple weeks.
I think he read "The Dick Davis Dividend", it had a chapter(somewhat critical) about him.
- Mon Jan 05, 2009 9:16 pm
- Forum: Investing - Theory, News & General
- Topic: "The EMH in a Non-Ergodic World"
- Replies: 15
- Views: 3407
- Mon Jan 05, 2009 9:02 pm
- Forum: Investing - Theory, News & General
- Topic: Jim Cramer Wisdom
- Replies: 43
- Views: 11769
- Mon Jan 05, 2009 6:22 pm
- Forum: Investing - Theory, News & General
- Topic: Why isnt everyone indexing at Vanguard?
- Replies: 41
- Views: 8492
My Roth IRA is with Schwab and my portfolio consists of Schwab index funds.
I didn't have a lot of money when I started( I started with $700) therefor, I couldn't afford the investment minimums anywhere else. Also like someone else said, subsequent investments are $1 and up. I can keep my portfolio balanced as I make deposits each week.
I am aware of the higher ERs but when I can construct my asset allocation with $700 I'll take it( at least until my positions are large enough to move to Vanguard and swap for their funds).
The worst thing about Schwab is they charge a fee to buy Vanguard and Fidellity funds.
I didn't have a lot of money when I started( I started with $700) therefor, I couldn't afford the investment minimums anywhere else. Also like someone else said, subsequent investments are $1 and up. I can keep my portfolio balanced as I make deposits each week.
I am aware of the higher ERs but when I can construct my asset allocation with $700 I'll take it( at least until my positions are large enough to move to Vanguard and swap for their funds).
The worst thing about Schwab is they charge a fee to buy Vanguard and Fidellity funds.
- Mon Jan 05, 2009 12:49 pm
- Forum: Investing - Theory, News & General
- Topic: Refuted: EMH
- Replies: 24
- Views: 4004
efficient markets
i don't think markets can be truly efficient unless people are always rational.
people are not always rational.
people are not always rational.
- Sun Jan 04, 2009 10:58 pm
- Forum: Investing - Theory, News & General
- Topic: ROTH IRA for 2009
- Replies: 16
- Views: 3978
- Sun Jan 04, 2009 10:27 pm
- Forum: US Chapters
- Topic: HAPPY NEW YEAR! FROM JACK BOGLE
- Replies: 84
- Views: 60290
- Sun Jan 04, 2009 9:52 pm
- Forum: US Chapters
- Topic: Anyone in the New Orleans area?
- Replies: 39
- Views: 16658
new orleans
I'm in West Jefferson.