Quote:
Originally Posted by Benny Profane
Gold at a key juncture here. It can be bought with a very small risk. Not for me but the trade is there.
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Quote:
Originally Posted by Benny Profane
Gold at a key juncture here. It can be bought with a very small risk. Not for me but the trade is there.
Quote:
Originally Posted by char
Year over year or year to date?
Year to date. Had a big down in 08. The last few have been good.Quote:
Originally Posted by 4matic
Target date fund.
sp500 is up about 8% ytd. It would be very unlikely that a target fund is beating the SP500 by 3% ytd. Are you sure it's not 1 year performance which 11% would fit a 20+ year target date profile.Quote:
Originally Posted by char
Duh. I meant 1 year performance. Need more beer.
Our RBC-managed 401K is up 16% since Jan. 2012.
How much do you guys pay to have a "managed" 401k?
Quote:
Originally Posted by Benny Profane
All 401k's have a manager even if they are self directed. I'd suspect the institutional rate for a managed portfolio would be at least .75%.
Supposedly the net expense ratio was .027% in 2012.Quote:
Originally Posted by Benny Profane
I guess we can quibble over the term "manager".Quote:
Originally Posted by 4matic
The 401k industry is so corrupt. So happy to roll over mist of my money into a Vanguard IRA some time ago. No more bloodsuckers and their fees.
There are mgt fees and fund fees. Mgt fees are pretty well hidden while new federal law last year requires annual disclosure in writing. Benny is right about many 401k'S. Working for a big company helps because they can negotiate lower fund fees and mgt fees are typically low.
You're right - after fees I maybe only made 15%... which is 15% more than had I tried to manage that shit myself. :shrug:Quote:
Originally Posted by Benny Profane
It's really not that hard, you know. There are a lot of people making a lot of money spending a lot of time trying to convince you otherwise. In the end, though, a few nice index funds and ETFs diversified through asset classes from a low cost provider will actually beat the bloodsuckers.
This is your friendly reminder that ...
BUY AND HOLD IS DEAD.
Correlation is still high but your idea of "a few index funds" is shallow. I can do that in my account but I choose not too. Listed below is the diversity in a target fund. Some of these asset classes cannot be emulated with etf's and the auto rebalance is worth the fee for me:Quote:
Originally Posted by Benny Profane
Disciplined Equity Fund 11.0
Core Bond Fund 7.7
International Opportunities Fund 7.3
International Equity Fund 7.3
Value Advantage Fund 7.2
Intrepid America Fund 7.2
High Yield Fund 6.9
U.S. Equity Fund 6.7
Growth Advantage Fund 6.5
Emerging Markets Equity Fund 5.6
Emerging Economies Fund 4.8
Intrepid International Fund 4.0
Realty Income Fund 3.9
Mid Cap Core Fund 3.9
Prime Money Market Fund 2.0
International Realty Fund 2.0
Emerging Markets Debt Fund 1.4
U.S. Treasury Notes 1.4
Small Cap Growth Fund 1.0
Small Cap Value Fund 1.0
Small Cap Equity Fund 0.9
Emerging Markets Local Currency Debt Fund 0.4
Just put it all on red and spin the wheel.
Felix Salmon calls you a white, middle aged hobbyist. A very serious amatuer.Quote:
Originally Posted by 4matic
Like Bobby Jones was an amateur? I'll take itQuote:
Originally Posted by Benny Profane
Neither is Drywalling, Photography, Auto mechanics, or teaching. The rub, of course, is being good at it.Quote:
Originally Posted by Benny Profane
Quote:
There are a lot of people making a lot of money spending a lot of time trying to convince you otherwise. In the end, though, a few nice index funds and ETFs diversified through asset classes from a low cost provider will actually beat the bloodsuckers.
I would rather pay someone else to take care of my money than spend the little free time I have to do it myself.
There is an oft spoken cliche, that, most Americans spend more time planning vacations than their retirement. That's why everyone is broke.
How does one graduate from a wealth manager that just picks a bunch of funds and says "hold on" to a broker that invests in individual equities? Just a matter of having enough cash? What kind of difference in returns can one typically realize assuming a decent broker. How do you avoid getting pushed into the stock de jour by said broker (or maybe that's the point)?
Loaded question(s). Typically it's the opposite. A wealth manager will usually require around $500k just to sign up. "Wealth Management" is the new buzzword. For decades the measure of a stock broker has been Assets Under Management (AUM) rather than commissions generated; now more than ever. You can always find someone to churn your money trading but terminal annual return peaks out around 14-15% and that is very very rare. So, if you can beat the indexes by 1-2% annually over a twenty year period you are a superstar. Don't buy investment sizzle. Ever.Quote:
Originally Posted by huckbucket
When you hear investment managers talk about what they like or recommend it is what they are overweight or underweight VS. their benchmark.
Don't do it, dude, unless you have some rock solid inside info or just want to have fun gambling. If it's the gambling angle, budget a certain amount you can lose entirely, like a trip to the casino. You'll just be another muppet, and they'll suck as much as they can from you.Quote:
Originally Posted by huckbucket
http://dealbook.nytimes.com/2013/03/...morgan-unit-2/
Overnight action in US stocks with futures down 1%+; first time in quite a while. June stock futures have a 2% discount to cash right now. Last Friday quarterly expiration was really busy with a lot of churn. Go time.
Cyprus. Forgotten in a week.
What about JPM? That's big.. Although, they wouldn't have been called to testify Congress if there was any real problem. If, JPM gets pummeled to the mid-low $40's buy it for dividend growth.Quote:
Originally Posted by Benny Profane
Where are we going?Quote:
Originally Posted by 4matic
Inverse tampon carrier cock ring sign suggests it's hell in a bucketQuote:
Originally Posted by iceman
Implied volatility is only about 1%. We've exceeded that in overnight trading. Could go either way. A move up this week and expect another 5-10% higher. Downside is contained about 10% lower so its even money bet at this point. Range expansion is likely either way.Quote:
Originally Posted by iceman
Don't use up all of your magic Lamia
http://2.bp.blogspot.com/-AMaBHNf1_I...-1500-1001.jpg
though the truth may bury this the truth will carry us
Money itself isn't lost or made, it's simply transferred – from one perception to another. Like magic.
If you're a wall street welfare queen.... sure. Actual business people "make" money by producing productivity and useful devices, inventions, software and ideas. Otherwise... yer just a shitbag in a bazar to be fucked with
http://www.tenayatravels.com/images/...20salesman.jpg
Wake up, will ya pal? If you're not inside, you're outside, OK? And I'm not talking a $400,000 a year working stiff flying first class and being comfortable, I'm talking about liquid. Rich enough not to waste time. A player, or nothing.
Forgive my lack of market savvy but it appears you are saying that there's about a 50/50 chance things will go up or down but the move will be limited to about 10% unless it isn't. Is that about it?Quote:
Originally Posted by 4matic
Yes. Expect higher volatility within a 20% range but don't look for derivative insurance rates to expand that much. It's an asset allocation market.Quote:
Originally Posted by iceman
^^^
Last two posts brought the LOL's.
For those paying attention, I am just waiting for the Wall Street brokers to spin the banking crisis in Cypress into "Bullish for the Market" as surely people with cash will want to get their money out of those nasty banks and errrr buy stocks instead. And with the FED pumping us to DOW 20k , so all the little people will feel prosperous, this just in from Tyler.
"Houston we may have a problem: with the DJIA trumpetedely hitting new all time highs day after day in March, one would expect that its traditional second derivative - US Consumer Confidence, would be at all time highs as well, or close thereby. One would be wrong, because according to the Conference Board, March consumer confidence plunged to 59.7 from 69.6, and well below expectations of a 67.5 print. Both components of the index dipped, with both the present situation and expectations indices sliding from 61.4 and 72.4, to 57.9 and 60.9, respectively. And just to make sure the S&P ramps to all time highs on ongoing miserable economic, corporate profit and, of course, sovereign insolvency news, we got both New Home Sales, dropping from 431K to 411K, missing expectations of 420K, and the Richmond Fed also missing expectations of a 6 print, dropping from last month's 6 to 3. All in all, if this latest round of ugly and rapidly getting worse economic data doesn't send the S&P to new all time highs, nothing will. Well, perhaps another European country going broke may do the trick...":wink:
Yeah, but, it's all about chasing yield in a zero rate environment. Every time Europe shows another crack, the US equity and bond market just looks that much better. It's all that money sloshing around in the world, trying to make money. Now that the Russians have been screwed in Cyprus, do you think that they're going to put their cash in some sketchy tax haven, or someplace more reliable?
4matic brought the bullshit in either MSN ejaculate under the desk highest order fashion - or - was superbly tongue in cheekQuote:
Originally Posted by huckbucket
Lee, your a class guy to give him the option of #2.:biggrin: