Search found 17 matches

by dontgoshane
Mon Jan 05, 2009 11:10 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? PART II
Replies: 1043
Views: 311204

"The Black Swan" by Nassim Nicholas Taleb

"The Way to Wealth" by Benjamin Franklin
by dontgoshane
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"
by dontgoshane
Mon Jan 05, 2009 10:36 pm
Forum: Personal Investments
Topic: 529 account for myself?
Replies: 6
Views: 1407

Thank you.
by dontgoshane
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...
by dontgoshane
Mon Jan 05, 2009 10:06 pm
Forum: Personal Investments
Topic: Question on dollar cost averaging and rebalancing
Replies: 2
Views: 1187

that is how I keep my asset allocation balanced(although my portfolio isn't that sizable).
by dontgoshane
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?
by dontgoshane
Mon Jan 05, 2009 9:50 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer Wisdom
Replies: 43
Views: 11769

Cramer should read "Enough".
by dontgoshane
Mon Jan 05, 2009 9:48 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer Wisdom
Replies: 43
Views: 11769

He's a trader, plain and simple.
by dontgoshane
Mon Jan 05, 2009 9:39 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer Wisdom
Replies: 43
Views: 11769

Swenson knows his stuff.

How can people speculate on another man's speculations?
by dontgoshane
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.
by dontgoshane
Mon Jan 05, 2009 9:16 pm
Forum: Investing - Theory, News & General
Topic: "The EMH in a Non-Ergodic World"
Replies: 15
Views: 3407

The turkey may ignore, or just not notice the extra data, like speculators at the height of a bubble.
by dontgoshane
Mon Jan 05, 2009 9:02 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer Wisdom
Replies: 43
Views: 11769

The other day I saw Jim Cramer endorse index funds for people who don't like to do "homework".
by dontgoshane
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.
by dontgoshane
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.
by dontgoshane
Sun Jan 04, 2009 10:58 pm
Forum: Investing - Theory, News & General
Topic: ROTH IRA for 2009
Replies: 16
Views: 3978

Total stock market 35%
Global real estate 10%
International index 15%
Emerging markets 5%
Total bond market 25%
TIPS bonds 5%
Short term bonds 5%
by dontgoshane
Sun Jan 04, 2009 10:27 pm
Forum: US Chapters
Topic: HAPPY NEW YEAR! FROM JACK BOGLE
Replies: 84
Views: 60290

Hi Jack. I just finished reading "Enough", it was superb as are all of your books. It would be nice if everyone in the financial industry would read it.

You are a great American.
Happy New Year.
by dontgoshane
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.