Search found 406 matches
- Tue Apr 24, 2012 5:02 pm
- Forum: Investing - Theory, News & General
- Topic: Retirement Longevity
- Replies: 60
- Views: 4879
Re: Retirement Longevity
There's must be something to being a stock investor and having longevity. In no particular order, John Templeton, Walter Schloss, Phil Fisher, and Philip Carret all lived into their 90's. Irving Kahn is still working in New York at the age of 106.
- Tue Apr 24, 2012 3:24 pm
- Forum: Investing - Theory, News & General
- Topic: Can you retire off of dividend income?
- Replies: 143
- Views: 30150
Re: Can you retire off of dividend income?
Personally I'd rather re-invest my own dividends into my own portfolio rather than sit back and watch some egotistical management squander it all away in some ill-conceived venture.
- Tue Apr 24, 2012 5:16 am
- Forum: Investing - Theory, News & General
- Topic: Can you retire off of dividend income?
- Replies: 143
- Views: 30150
Re: Can you retire off of dividend income?
Dividend stocks aren't fail-safe (but buy them anyway)
Norman Rothery, PhD, CFA
"Dividend investing has many sterling qualities but protection against downturns is not one of them. With few exceptions, dividend stocks fall just as hard as other stocks when the market crashes.
Yet despite that failing, you should still own dividend stocks. Let me explain why, with the help of Dartmouth professor Kenneth French."
Norman Rothery, PhD, CFA
"Dividend investing has many sterling qualities but protection against downturns is not one of them. With few exceptions, dividend stocks fall just as hard as other stocks when the market crashes.
Yet despite that failing, you should still own dividend stocks. Let me explain why, with the help of Dartmouth professor Kenneth French."
- Sun Apr 22, 2012 2:14 am
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
Equal-weighting of sectors without comprehension of their weight in our economy is foolish in my thinking, but you could do a lot worse. Personally, I don't find anything foolish about cutting back to equal weight "bubble sectors" i.e. technology & telecom 2000, or setting a limit on how much money can be poured into a sector that's created a deep pit i.e. financials 2008-2009. I'm sure when professional investors like John Templeton and Walter Schloss were actually shorting the technology sector at it's height at the beginning of this new century, they were being dubbed as being foolish as well at the time. Any attempt to find the mix of sectors to give an optimal risk-return profile is doomed to failure from our ever-changi...
- Sat Apr 21, 2012 9:25 am
- Forum: Investing - Theory, News & General
- Topic: Equal Weight Europe and Pacific Funds - an update
- Replies: 54
- Views: 8331
Re: Equal Weight Europe and Pacific Funds - an update
I agree totoally with you Rick, and after reading one of your earlier books, if I could of done it, I would of, years ago. However, being here in Canada, trying to keep ETF's balanced would be too expensive for me, and probably negate any positives, and I don't have access to a low cost Pacific index fund. A relatively low cost (in Canada) Japan Index fund and a European index fund (both with a MER 0.51%) yes, but that's about my only choices, which is why I end up sticking with EAFE. The EAFE ETF (VEA) I buy on an exchange in the U.S. has a MER of only 0.12%. Stryker, if you can buy VEA then you can buy VGK (Europe) and VPL (Pacific) to achieve what Rick is suggesting here. Both of these Vanguard ETF's have similar MER's to VEA. Thanks fo...
- Sat Apr 21, 2012 3:19 am
- Forum: Investing - Theory, News & General
- Topic: Whats out of favor now?
- Replies: 71
- Views: 6071
Re: Whats out of favor now?
It keeps things interesting to be always on the lookout for investments that are out of favour. We're really talking about contrarian or vulture investing here. Like anything else, sometimes it can work, and other times it can fail miserably (witness Japan). You really have to have a lot of patience to wait, and wait, for the right moment, and then strike. John Templeton had the patience, but I haven't seen many other investors with this attribute. Perhaps Warren Buffett especially in his younger days as an investor. Most other investors, including myself, always feel we have to be doing something.
- Fri Apr 20, 2012 5:47 pm
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
Sector Weightings do go up and down over long periods of time. What's the correct sector weightings? I don't know, and that's why I just keep the weightings in the seven sectors I own pretty well even. One thing I'm definitely not trying to do is become a closet indexer. It wouldn't make any sense. Keeps the overpriced bubble sectors in check, if anything.
- Thu Apr 19, 2012 10:46 am
- Forum: Investing - Theory, News & General
- Topic: Equal Weight Europe and Pacific Funds - an update
- Replies: 54
- Views: 8331
Re: Equal Weight Europe and Pacific Funds - an update
The Vanguard Group manages index funds and ETFs that track the MSCI EAFE and its two components, the MSCI European Index and MSCI Pacific Index. These funds are the Developed Markets Index Fund (VDMIX), the European Stock Index Fund (VEURX) and the Pacific Stock Index Fund (VPACX). I have long held that better returns are achieved by splitting the EAFE into two equal allocations – 50 percent to VEURX and 50 percent to VPAC – and rebalancing these positions back to 50-50 annually. This strategy was first introduced in the first edition of All About Asset Allocation [McGraw-Hill, 1st ed. 2005, 2nd ed. 2010] and I have updated the results occasionally. The folling link highlights how a split fund strategy has performed relative to a single fu...
- Tue Apr 17, 2012 8:58 am
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
I also have an allocation to VTI in the tax deferred portfolio. The above Canadian portfolio mentioned above is in the taxable portfolio.FinanceFun wrote:Within VTI the sector weightings that you are missing are
Info Tech: 17.19%
Healthcare: 11.46
Materials: 3.73%
Total: 32.38%
Relative to this benchmark, your equities weighting is highly divergent. Not making a judgement, just posting the data.
- Tue Apr 17, 2012 8:24 am
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
Here is a paper that came out at Index Universe in 2009. It convinced me of the merits of sector investing. I re-read it every six months or so to refresh my memory of it's importance. The only difference is the author suggests sector ETF's, whereas I felt more comfortable using individual equities. I use my own concept of sector investing for approximately half our family assets (not including our house). The other half is mostly in broad based indexes and the rest in emergency funds. Why It Is (Still) All About Sectors By Jeremy Held How do you weight each sector, and how do you prove that weighting has a better risk adjusted return then TSM? First of all, as I stated above this is in an all Canadian dividend growth stock portfolio, so I...
- Tue Apr 17, 2012 7:13 am
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
Here is a paper that came out at Index Universe in 2009. It convinced me of the merits of sector investing. I re-read it every six months or so to refresh my memory of it's importance. The only difference is the author suggests sector ETF's, whereas I felt more comfortable using individual equities. I use my own concept of sector investing for approximately half our family assets (not including our house). The other half is mostly in broad based indexes and the rest in emergency funds.
Why It Is (Still) All About Sectors
By Jeremy Held
Why It Is (Still) All About Sectors
By Jeremy Held
- Mon Apr 16, 2012 5:43 pm
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
The focus seems to be on the terms "tilting" and "over-weighting." What about the fundamental differences between economic sectors? Each has different factors that influence the performance within each . The goal is not to do sector rotation, timing, or to overweight any one sector versus another. The goal is simply to have balance. When a sector is over-valued, such as tech was in 2000 and to a lesser degree today (see AAPL), its index representation becomes out of balance. A strategy of equal weighting sectors would reduce risk. The 3 sectors referenced here are substantially under-represented relative to the other sectors in the S&P 500. Conversely, tech is over-represented. How does this not translate into incre...
- Mon Apr 16, 2012 11:29 am
- Forum: Investing - Theory, News & General
- Topic: Underrepresented Sectors: Utilities, Materials, & Telecom
- Replies: 43
- Views: 14218
Re: Underrepresented Sectors: Utilities, Materials, & Teleco
In the taxable portfolio I have individual Canadian dividend growth equities. I have seven sectors represented and all these sectors have been allocated an equal weight. Just looking at each sector in a spreadsheet tells me right away which are down, and these are the sectors I add new shares to. A form of value investing.
What I do avoid totally is any form of sector rotation. The pro's have proven over the years, they can't do it, and neither can I.
The tax deferred portfolios contain mostly index ETF's and funds. This fills in the gaps I'm missing both domestically and internationally.
What I do avoid totally is any form of sector rotation. The pro's have proven over the years, they can't do it, and neither can I.
The tax deferred portfolios contain mostly index ETF's and funds. This fills in the gaps I'm missing both domestically and internationally.
- Tue Apr 10, 2012 9:29 am
- Forum: Investing - Theory, News & General
- Topic: Book recommendation for 18 year old
- Replies: 28
- Views: 2327
Re: Book recommendation for 18 year old
Another worthy book I've read is Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallam. He is a Canadian teaching at a school in Singapore so he gives passive investing a bit more of an international flavour than the usual. Good reviews from some other prominent authors.
- Sun Apr 08, 2012 2:30 pm
- Forum: Investing - Theory, News & General
- Topic: Book recommendation for 18 year old
- Replies: 28
- Views: 2327
Re: Book recommendation for 18 year old
My recommendation would be "The Richest Man In Babylon".
- Fri Mar 09, 2012 5:06 pm
- Forum: Investing - Theory, News & General
- Topic: Jason Zweig - Investing Lessons From the Iditarod
- Replies: 0
- Views: 303
Jason Zweig - Investing Lessons From the Iditarod
I've been investing one way or another in stocks since the early 1980's. The only steep market drop that scared the hell out of me was in 1987. Since I got through that one, everything else in the market since has seemed minor. Now I get down when there's a bull market, and ecstatic when the stock market does a major percentage decline. ------------------------------------------------------------------ Jason Zweig - Investing Lessons From the Iditarod Last paragraph: "To be a long-term investor, you have to think like a musher in the Iditarod: Hold the handlebars with an iron grip and brace yourself to take ferocious punishment. The risk of taking that pounding isn't for everyone. If you aren't sure you can take another blow from ownin...
- Fri Mar 09, 2012 12:19 pm
- Forum: Investing - Theory, News & General
- Topic: Emerging (eastern) Europe Fund (GUR) anyone?
- Replies: 10
- Views: 763
Re: Emerging (eastern) Europe Fund (GUR) anyone?
I think I'll just stick with my Vanguard MSCI Canada ETF. If you want natural resources, virtually half the index is in the Energy and Materials sectors up here. That plus the Eastern Europe available in Vanguard's Emerging Markets Index is more than enough for my risk level.
- Sat Mar 03, 2012 5:20 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard International Funds Fee Changes
- Replies: 40
- Views: 5210
Re: Vanguard International Funds Fee Changes
I own both Vanguard MSCI EAFE ETF (VEA) and Vanguard MSCI Emerging Markets ETF (VWO) and notice they seem to have changed to a quarterly distribution as well, which I think is great news. The distributions I can now take quarterly instead of annually and re-invest in TD e-Series, the cheapest MER index funds available to investors here in Canada.
- Sat Mar 03, 2012 7:59 am
- Forum: Investing - Theory, News & General
- Topic: Help me to understand this Graham quote
- Replies: 13
- Views: 3466
Re: Help me to understand this Graham quote
Interesting that at the end of chapter 5, "The Defensive Investor and Common Stocks" in his book, Ben has a note directly pointing to the above quote.WolfpackFan wrote:~Benjamin Graham, Intelligent InvestorAn industrial company’s finances are not conservative unless the common
stock (at book value) represents at least half of the total capitalization,
including all bank debt.
"All 30 companies in the DJIA met this standard in 1971."
- Fri Mar 02, 2012 9:06 am
- Forum: Investing - Theory, News & General
- Topic: Which Industries should I invest in ?
- Replies: 18
- Views: 1854
Re: Which Industries should I invest in ?
I would like to buy stocks from 5 different industries that have dividend/growth potential for the future. Buying into industries that have dividend growth is relatively easy but finding individual stocks that will continue their dividend growth over the next 5 years is problematic, at least that's been my experience over the last thirty plus years of observation. Think Enron, Nortel and BP. All pretty good dividend growth stocks at one time. Too many variables can go wrong to make future predictions. I just buy the individual (in my case, Canadian) dividend growth stocks with static percentage holdings within sectors, and hope for the best. I make no attempt to pick future best sectors or do any form of sector rotation whatsoever. If the ...
- Fri Mar 02, 2012 4:33 am
- Forum: Investing - Theory, News & General
- Topic: Which Industries should I invest in ?
- Replies: 18
- Views: 1854
Re: Which Industries should I invest in ?
I would like to buy stocks from 5 different industries that have dividend/growth potential for the future. Buying into industries that have dividend growth is relatively easy but finding individual stocks that will continue their dividend growth over the next 5 years is problematic, at least that's been my experience over the last thirty plus years of observation. Think Enron, Nortel and BP. All pretty good dividend growth stocks at one time. Too many variables can go wrong to make future predictions. I just buy the individual (in my case, Canadian) dividend growth stocks with static percentage holdings within sectors, and hope for the best. I make no attempt to pick future best sectors or do any form of sector rotation whatsoever. If the ...
- Wed Feb 29, 2012 8:55 am
- Forum: Investing - Theory, News & General
- Topic: second part: rapid growth of dividend strategy
- Replies: 50
- Views: 4356
Re: second part: rapid growth of dividend strategy
>Since it's all individual stocks you are taking on the risks of Active Management and most likely under-diversified as well. I try to keep the active management part down to a bare minimum. If a company cuts, or I think there's a possibility of a dividend cut in the near future, then I don't hesitate. The stock gets sold. It doesn't happen too often though, which is just as well, since there are only roughly a total of about fifty dividend growth stocks available on the Canadian market, so depending on the sector, it's not always easy to find a replacement from my watch list. Sometimes stocks get bought out by another company and there's no choice but to let it go. Another source of turnover. Hate it when it happens, but there's not much ...
- Tue Feb 28, 2012 9:06 am
- Forum: Investing - Theory, News & General
- Topic: second part: rapid growth of dividend strategy
- Replies: 50
- Views: 4356
Re: second part: rapid growth of dividend strategy
As far as capital allocation, I'd rather do it myself rather than some unknown entity out there attempting it. Give me the money please. As soon as I have enough cash through combined dividends and savings I know exactly what sector in the portfolio that money is going to. I don't even have to think twice about it, and I can assure you it's not going towards a sector that's been doing well lately. I don't even have to sell anything in the portfolio and get nabbed with a capital gain. Less turnover, less cost in the portfolio. Since it's all individual stocks I'm not even getting nickel and dimed for MER's year after year from a dividend ETF.
- Sun Feb 26, 2012 2:53 pm
- Forum: Investing - Theory, News & General
- Topic: International allocation -- from the other side
- Replies: 29
- Views: 2746
Re: International allocation -- from the other side
It is rather shocking indeed, and it does put the 60%-US investor in perspective - at least they aren't 60% [Insert Small Country Here]! There are always currency-hedged options too, and though I haven't read a lot (lack of need) from what I've seen Canadian investors talk about those tend to have pretty bad drag, making this all a significantly more complex problem for people ex-US. Of course, if we go the way of Japan and end up with less than 10% of the global market cap, we may have to revisit :D I'm not saying all, but most of the Canadians I've talked to on the internet and the blogs I've read, just don't like the currency hedged index funds or ETF's. To my mind, that was probably Vanguard's biggest mistake when they launched in Cana...
- Sat Feb 25, 2012 8:55 am
- Forum: Investing - Theory, News & General
- Topic: Vanguard and fraudulent Chinese company
- Replies: 38
- Views: 4706
Re: Vanguard and fraudulent Chinese company
If a supposed top hedge fund manager like John Paulson who's paid highly to do due diligence can find himself duped by a Chinese fraudulent company, then why not Vanguard?
- Sat Feb 25, 2012 8:22 am
- Forum: Investing - Theory, News & General
- Topic: second part: rapid growth of dividend strategy
- Replies: 50
- Views: 4356
Re: second part: rapid growth of dividend strategy
Styker This is IMO one of the more dumb arguments. Example of believing correlation and cause are the same thing This is simple to refute. Most companies don't even pay dividends and the returns of companies with the same btm and size have the same returns regardless of what the dividend yield is. This is one of the most basic tenets of all finance, div policy is irrevelant Think BRK if you have any second thoughts. Any divs from that? All one has to do is create an example of two similar companies one with divs and other without, same in all other respects. The returns must be the same. Best wishes Larry That's not what a study done by RBC Dominion Securities last year on the Toronto Stock Exchange found. "In a report headlined “Divi...
- Fri Feb 24, 2012 6:41 pm
- Forum: Investing - Theory, News & General
- Topic: second part: rapid growth of dividend strategy
- Replies: 50
- Views: 4356
Re: second part: rapid growth of dividend strategy
What you say may be true if capital gains supplied the majority of returns, but they do not. From today's Financial Post: "A recent book called The Strategic Dividend Investor by Daniel Peris puts this point across well. The author argues for, and successfully backs up, the theory that dividends account for 89% of all investment returns." The above is certainly supported by studies I've read in the past. As Robert Arnott showed in his article "Dividends and the Three Dwarfs" where he says "dividends not only dwarf inflation, growth, and changing valuation levels individually, but they also dwarf the combined importance of inflation, growth, and changing valuation levels." Also much the same results from "T...
- Fri Feb 24, 2012 5:34 pm
- Forum: Investing - Theory, News & General
- Topic: second part: rapid growth of dividend strategy
- Replies: 50
- Views: 4356
Re: second part: rapid growth of dividend strategy
Thanks Larry, but I didn't see anything in your article where dividend growth investors have disgraced themselves with the long term returns. In fact, quite the contrary.
- Fri Feb 24, 2012 11:34 am
- Forum: Investing - Theory, News & General
- Topic: two part series on allure of dividend paying stock strategie
- Replies: 23
- Views: 2114
Re: two part series on allure of dividend paying stock strat
The rush to high dividend paying mutual funds and ETFs has another serious drawback starting in 2013 - much higher taxes. Unless Congress changes tax law before 2013, all stock dividends will be taxed as ordinary income rather than the lower prefered rate, plus and extra 3.8% Medicare tax for couples earning more than 250k (singles (200k). This tax increase on an increase is on top of lower deductions, which takes the total tax rate on dividends for some people from 15% up to 44%, and that's before state income tax. Rick Ferri Rick, That's where Canadians have the advantage with our dividend tax credit. Depending on which province you live in, we can have up to around $35,000 of Canadian dividend income tax free. The only problem is, I've ...
- Fri Feb 24, 2012 11:25 am
- Forum: Investing - Theory, News & General
- Topic: two part series on allure of dividend paying stock strategie
- Replies: 23
- Views: 2114
Re: two part series on allure of dividend paying stock strat
Ok Larry. Looking forward to it.larryswedroe wrote:stryker
thanks
wait for today's post, think might just change your mind.
Larry
- Fri Feb 24, 2012 11:10 am
- Forum: Investing - Theory, News & General
- Topic: two part series on allure of dividend paying stock strategie
- Replies: 23
- Views: 2114
Re: two part series on allure of dividend paying stock strat
No need to apologize Larry. Actually I thought you might be taking a subset of the ETF, i.e. stocks with the largest percentages in Vanguard's portfolio.larryswedroe wrote:Stryker
Thanks for catching an error. I had relied on what I believed was reliable source and did not check myself, unfortunately. The conclusion is still unchanged though doesn't change fact there was an error, my apologies.
Larry
Like I said above, I've been investing in dividend growth investing for well over a decade now, but after reading various studies and newspaper articles for well over thirty years, I've seen nothing to change my view that it's a viable strategy. Just not with dividend ETF's.
- Fri Feb 24, 2012 10:13 am
- Forum: Investing - Theory, News & General
- Topic: two part series on allure of dividend paying stock strategie
- Replies: 23
- Views: 2114
Re: two part series on allure of dividend paying stock strat
Am I missing something?
The above linked article states:
"When looking closer at this fund, we find that VIG looks like a less diversified S&P 500 fund, holding just 61 stocks."
.....and yet when I look at the Vanguard site for VIG:
Number of stocks 144
I wasn't even looking for it. Wanted to see the percentages in the various sectors of VIG, and didn't like it at all. Too much in some sectors and too little in others.
The above linked article states:
"When looking closer at this fund, we find that VIG looks like a less diversified S&P 500 fund, holding just 61 stocks."
.....and yet when I look at the Vanguard site for VIG:
Number of stocks 144
I wasn't even looking for it. Wanted to see the percentages in the various sectors of VIG, and didn't like it at all. Too much in some sectors and too little in others.
- Fri Feb 24, 2012 4:22 am
- Forum: Investing - Theory, News & General
- Topic: two part series on allure of dividend paying stock strategie
- Replies: 23
- Views: 2114
Re: two part series on allure of dividend paying stock strat
I'm in Canada and I owned SDY amongst other U.S. and international dividend ETF's up until last year in a deferred tax investment vehicle. I bought most of them pre-2008 and they along with some U.S. and international REIT ETF's turned into a disaster after the downturn. Factoring in the currency and I lost at least a third of my original investment in them. I would have been better off just buying cheaper MER broad based index funds and ETF's which I've done since the dividend ETF's were sold. In the taxable portfolio, now that's a different story. I've owned individual Canadian dividend growth stocks there for well over ten years, with no complaints whatsoever. The only major change I made after the 2008-2009 crunch was to get this portfo...
- Thu Feb 23, 2012 10:30 am
- Forum: Investing - Theory, News & General
- Topic: What is your "Second favorite" financial site?
- Replies: 41
- Views: 5190
Re: What is your "Second favorite" financial site?
Second favourite site is the Personal Finance forum at redflagdeals. It's a Canadian website and quite a few newbies ask questions as to where to begin investing. I and a few others posters there try to steer them to low MER index funds or ETF's. It's a tug of war between the indexers and a few financial planners who also post on that forum.
- Wed Feb 22, 2012 12:19 pm
- Forum: Investing - Theory, News & General
- Topic: Walter Schloss dies @ 95
- Replies: 3
- Views: 806
Re: Walter Schloss dies @ 95
One of my favourite investors of all time. First read about him on page 187 of the book Super-money authored by Adam Smith and published in 1972. The author hid Walter's identity and named him Herbert.
One paragraph from the above Bloomberg link is especially telling to me:
"While Buffett became a star inside the firm, Schloss was “pigeonholed as a journeyman employee who would never rise to partnership,” Schroeder, a Bloomberg News columnist, wrote in her book."
He showed them otherwise.
Rest in peace.
One paragraph from the above Bloomberg link is especially telling to me:
"While Buffett became a star inside the firm, Schloss was “pigeonholed as a journeyman employee who would never rise to partnership,” Schroeder, a Bloomberg News columnist, wrote in her book."
He showed them otherwise.
Rest in peace.
- Wed Feb 08, 2012 5:31 pm
- Forum: Investing - Theory, News & General
- Topic: Credit Suisse Global Investment Returns Yearbook 2012
- Replies: 3
- Views: 808
Credit Suisse Global Investment Returns Yearbook 2012
Credit Suisse Global Investment Returns Yearbook 2012
Elroy Dimson, Paul Marsh, and Mike Staunton, London Business School
Elroy Dimson, Paul Marsh, and Mike Staunton, London Business School
- Fri Dec 23, 2011 2:25 pm
- Forum: Investing - Theory, News & General
- Topic: Interesting WSJ article...Investing in the Chinese Yuan
- Replies: 11
- Views: 1301
Re: Interesting WSJ article...Investing in the Chinese Yuan
Paul Terhorst was in a similar article a few days before the above WSJ article was released. Some of you may remember Paul as the author of "Cashing In On The American Dream - How To Retire at 35". By perusing their home website, looks like Paul & Vicki are still globetrotting all these years later. Yuan Action—Or, Why You Might Want To Open A Chinese Bank Account Nov. 22, 2011 But honestly, don't they always post "opportunities" that people "might" want to "take advantage" of? I have looked through their site, and found that it almost exclusively inhabits the dreamland of future-oriented thinking. They don't actually evaluate investments. And they don't bother with past results, unless those res...
- Wed Dec 21, 2011 11:36 am
- Forum: Investing - Theory, News & General
- Topic: Interesting WSJ article...Investing in the Chinese Yuan
- Replies: 11
- Views: 1301
Re: Interesting WSJ article...Investing in the Chinese Yuan
Paul Terhorst was in a similar article a few days before the above WSJ article was released. Some of you may remember Paul as the author of "Cashing In On The American Dream - How To Retire at 35". By perusing their home website, looks like Paul & Vicki are still globetrotting all these years later.
Yuan Action—Or, Why You Might Want To Open A Chinese Bank Account
Nov. 22, 2011
Yuan Action—Or, Why You Might Want To Open A Chinese Bank Account
Nov. 22, 2011
- Wed Dec 21, 2011 10:43 am
- Forum: Investing - Theory, News & General
- Topic: Why I stopped trying to beat the market
- Replies: 31
- Views: 4823
Re: Why I stopped trying to beat the market
Financial Post
Jonathan Chevreau Dec 21, 2011 – 9:27 AM ET | Last Updated: Dec 21, 2011 10:53 AM ET
Millionaire Teacher
Jonathan Chevreau Dec 21, 2011 – 9:27 AM ET | Last Updated: Dec 21, 2011 10:53 AM ET
Millionaire Teacher
- Mon Dec 19, 2011 5:25 pm
- Forum: Investing - Theory, News & General
- Topic: 14 Money Lies That'll Wreck Your Marriage
- Replies: 20
- Views: 4662
Re: 14 Money Lies That'll Wreck Your Marriage
Yabbut a good marriage is heaven. After a quarter of a century, my wife and I are still the best of friends. I make sure I don't do anything to destroy her trust.
- Sat Dec 17, 2011 2:14 pm
- Forum: Investing - Theory, News & General
- Topic: 14 Money Lies That'll Wreck Your Marriage
- Replies: 20
- Views: 4662
14 Money Lies That'll Wreck Your Marriage
14 Money Lies That'll Wreck Your Marriage
Business Insider
Mandi Woodruff
Financial infidelity is the root cause of many crumbling unions, says family law attorney Steven Mindel.
"More marriages fall apart for financial reasons than for fidelity reasons," Mindel says.
Business Insider
Mandi Woodruff
Financial infidelity is the root cause of many crumbling unions, says family law attorney Steven Mindel.
"More marriages fall apart for financial reasons than for fidelity reasons," Mindel says.
- Fri Dec 16, 2011 4:29 am
- Forum: Investing - Theory, News & General
- Topic: Complete dividend history?
- Replies: 5
- Views: 683
Re: Complete dividend history?
Have you tried contacting investor relations for the companies you're interested in?
- Thu Dec 15, 2011 4:44 am
- Forum: Investing - Theory, News & General
- Topic: Bill Miller had a great run. But did his investors?
- Replies: 8
- Views: 1338
Bill Miller had a great run. But did his investors?
Fortune Magazine
Bill Miller had a great run. But did his investors?
By Allan Sloan, senior editor-at-large December 7, 2011: 5:00 AM ET
Legg Mason's superstar is closing out a legendary career. Too bad his investors can't afford to call it quits.
Bill Miller had a great run. But did his investors?
By Allan Sloan, senior editor-at-large December 7, 2011: 5:00 AM ET
Legg Mason's superstar is closing out a legendary career. Too bad his investors can't afford to call it quits.
- Fri Dec 09, 2011 8:58 am
- Forum: Investing - Theory, News & General
- Topic: Emanuel Derman: Living in the real world of finance
- Replies: 11
- Views: 1478
Emanuel Derman: Living in the real world of finance
Emanuel Derman: Living in the real world of finance
DAVID PARKINSON
From Friday's Globe and Mail
Published Thursday, Dec. 08, 2011 7:45PM EST
Last updated Thursday, Dec. 08, 2011 8:18PM EST
DAVID PARKINSON
From Friday's Globe and Mail
Published Thursday, Dec. 08, 2011 7:45PM EST
Last updated Thursday, Dec. 08, 2011 8:18PM EST
- Tue Dec 06, 2011 5:54 pm
- Forum: Non-US Investing
- Topic: Vanguard coming to Canada?
- Replies: 43
- Views: 6555
Re: Vanguard coming to Canada?
Vanguard comes to Canada to cut costs
By Ellen Roseman
"In 1989, Vanguard considered entering the Canadian mutual fund market. As one of the many people consulted, I urged it to head north since Canadians would benefit from its low-cost, research-based approach.
Unfortunately, Vanguard decided to stay home. It picked Australia for its first foreign expansion in 1996 and went to Britain in 2008."
By Ellen Roseman
"In 1989, Vanguard considered entering the Canadian mutual fund market. As one of the many people consulted, I urged it to head north since Canadians would benefit from its low-cost, research-based approach.
Unfortunately, Vanguard decided to stay home. It picked Australia for its first foreign expansion in 1996 and went to Britain in 2008."
- Tue Dec 06, 2011 9:32 am
- Forum: Non-US Investing
- Topic: Vanguard coming to Canada?
- Replies: 43
- Views: 6555
Re: Vanguard coming to Canada?
Six new Vanguard ETF's have started trading on the Toronto Stock Exchange as of this morning, December 6th, 2011.
- Sun Dec 04, 2011 3:43 pm
- Forum: Investing - Theory, News & General
- Topic: How Long Can You Wait for a Bull Market?
- Replies: 90
- Views: 8481
Re: How Long Can You Wait for a Bull Market?
I think investors fret about capital gains way too much. To me capital gains always comes secondary. The most important rule I learned from Charles Ellis is that you want markets to go down so you can collect more dividends. In long term studies it's been proven that most of the return comes from re-investing your dividends and that's exactly what I do. Once I have enough investable income, I just throw it back into the portfolio to collect more long term income. Rinse, repeat, over and over again.
- Wed Nov 23, 2011 9:15 am
- Forum: Non-US Investing
- Topic: Charles Ellis to Canadian portfolio managers
- Replies: 4
- Views: 746
Charles Ellis to Canadian portfolio managers
Financial Post
Charles Ellis to Canadian portfolio managers: fees must come down
Jonathan Chevreau Nov 22, 2011 – 4:03 PM ET | Last Updated: Nov 23, 2011 8:08 AM ET
The Portfolio Management Association of Canada made a gutsy but risky choice when it asked American author and indexing evangelist Charles Ellis to address the troops Monday evening on the eve of its annual meeting.
The author of Winning the Loser’s Game and other books preaching the virtues of indexing over active management did not disappoint. Ellis made it clear that investment management fees need to come down and that the industry should abandon the futile quest to “beat” the stock market.
Charles Ellis to Canadian portfolio managers: fees must come down
Jonathan Chevreau Nov 22, 2011 – 4:03 PM ET | Last Updated: Nov 23, 2011 8:08 AM ET
The Portfolio Management Association of Canada made a gutsy but risky choice when it asked American author and indexing evangelist Charles Ellis to address the troops Monday evening on the eve of its annual meeting.
The author of Winning the Loser’s Game and other books preaching the virtues of indexing over active management did not disappoint. Ellis made it clear that investment management fees need to come down and that the industry should abandon the futile quest to “beat” the stock market.
- Fri Nov 18, 2011 1:42 pm
- Forum: Investing - Theory, News & General
- Topic: Legg Mason's Miller to step down from main fund
- Replies: 32
- Views: 3792
Re: Legg Mason's Miller to step down from main fund
According to Jason Zweig in today's Wall Street Journal:
For Legg Mason, the collapse in Mr. Miller's performance has vaporized hundreds of millions of dollars a year in fee revenue, a loss that has been well-noted by every other fund company. After this, pigs will sprout feathers before another major fund company makes a star out of another manager.
For Legg Mason, the collapse in Mr. Miller's performance has vaporized hundreds of millions of dollars a year in fee revenue, a loss that has been well-noted by every other fund company. After this, pigs will sprout feathers before another major fund company makes a star out of another manager.
- Fri Nov 18, 2011 11:29 am
- Forum: Investing - Theory, News & General
- Topic: Legg Mason's Miller to step down from main fund
- Replies: 32
- Views: 3792
Re: Legg Mason's Miller to step down from main fund
Reuters
Analysis: Bill Miller's fall shows luck at play in investing
By Ross Kerber and Aaron Pressman
Thu Nov 17, 2011 7:44pm EST
Analysis: Bill Miller's fall shows luck at play in investing
By Ross Kerber and Aaron Pressman
Thu Nov 17, 2011 7:44pm EST