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Posted on 2/7/09 at 12:21 pm to kfizzle85
Actually I find the discussion on here to be very interesting. Some of the posters on here, inculding you, have done their homework and know something about what it is they are talking on. I may not agree with alot of it, but nevertheless I respect your view. I ask you guys to do the same, b/c what Im saying isnt coming from left field somewhere. Anyway, its been fun so far and hope it stays that way.
Posted on 2/7/09 at 12:22 pm to amsterdam
quote:
your response is: must be a commisioned advisor haha. Now I know his words must be tainted. Only do it yourself tigerdroppings posters know this stuff
That does taint your words. I once was away when I had a serious computer problem back at the office, so we called in an "expert" to see if he could help. This consultant's experience was mostly in hardware, so he replaced the mother board and didn't fix the problem. When I finally got back to the office I quickly figured out it was a software problem that had nothing to do with hardware. The consultant we had out wasn't stupid, just biased by his own specialization, just like we all are. That's the information I am looking for, so I can try to understand your bias which helps me better evaluate the points you make.
Posted on 2/7/09 at 12:32 pm to Colonel Hapablap
quote:
quote:
For every index you show me, I can show a fund that runs circles around it.
I specifically requested this, and I didn't see the response. I'll start a new thread just for this.
Might be interesting, but undoubtedly the best fund has better historical returns than the best index. Why? Because there are more funds, and therefore the outliers are lying further out there.
My point is that even so, knowing this in hindsight isn't very useful. I would be more impressed by the ability to know which fund is best in advance. As a group indexes regularly trounce funds as a group, that's what matters because nobody can make reliable predictions.
Posted on 2/7/09 at 12:34 pm to amsterdam
quote:
What I cant stand about some of the posters here is they would rather take shots at me than my take. I do not remember ever shying away from a direct comment or opinion.
That's fair. But then again, this *is* a message board, goes with the territory eh?
Posted on 2/9/09 at 7:05 pm to amsterdam
quote:
Some posters on here know enough to think they know what they are talking about
I really think my point of view, no matter how reasoned, has seriously screwed up the do it yourself love fest on this board
Parliment, if im a douche, then your a tool. Debate the issue, not me
this post will probably make me look like an a-hole, but i find it hilarious that in this thread there is a financial advisor (lol) from baton rouge who appears to be an LSU grad talking down to a wharton grad who runs a hedge fund. awesome. only on the interweb
this is like when people who never made it past high school baseball try to argue about pitching with BMac
Posted on 2/9/09 at 7:34 pm to TulaneTigerFan
quote:
this post will probably make me look like an a-hole, but i find it hilarious that in this thread there is a financial advisor (lol) from baton rouge who appears to be an LSU grad talking down to a wharton grad who runs a hedge fund. awesome. only on the interweb
On the internet, nobody knows you're a dog.
Posted on 2/9/09 at 7:41 pm to Cold Cous Cous
which hedge fund?
Now im impressed
Now im impressed
Posted on 2/9/09 at 7:42 pm to amsterdam
He's very hushhush and says it would violate some reg if he were to say what fund, as that could be considered illegally advertising.
Posted on 2/9/09 at 7:47 pm to Cold Cous Cous
Just curious what his returns were.
Posted on 2/9/09 at 7:50 pm to amsterdam
positive.
Posted on 2/9/09 at 7:55 pm to Colonel Hapablap
good for him, in an earlier post he said he was 100% equities and had held on the entire way down. Kinda backs my argument
Posted on 2/9/09 at 7:55 pm to amsterdam
um, who do you think "he" is?
Posted on 2/9/09 at 7:57 pm to amsterdam
NOT parliament. AFAIK anyway.
Posted on 2/9/09 at 8:06 pm to Colonel Hapablap
I mistaken I thought that was a reference to Parliament
Posted on 2/9/09 at 8:41 pm to amsterdam
quote:
Since I have been on the board, I am shocked at how many people believe that switching to cash, and/or trying to time the market is a sound if not preferred market strategy.
I moved out of the Dow at 13,800 and went into cash. Trust me I am more shocked at those on your side of the table then mine.
Sometimes fundamental valuation can illustrate an obvious bubble. As a 'financial advisor' I would hope you would understand that, but I do see how sitting out a collapse doesnt do much for commissions.
This post was edited on 2/9/09 at 8:49 pm
Posted on 2/10/09 at 11:07 am to amsterdam
quote:
NOT parliament. AFAIK anyway.
quote:
I mistaken I thought that was a reference to Parliament
Parliament definitely does NOT run a hedge fund. But I think I'm flattered that you thought so. I work in agricultural sales.
quote:
...in an earlier post he said he was 100% equities and had held on the entire way down...
That part is true. I've sold shares a few times to buy my house, and pay some bills, but that's it.
The argument over B&H vs. "time in and out," or index vs. active management can't be settled for YOU until YOU retire, or need to turn cash for another reason. Making those predictions with past performance, you can choose whatever timeframe you want to make the numbers look the way you want. (See the amsterdam vs. Colonel Hapablab thunderdome.) And ultimately, your decision reflects your bias.
The first and only investment book I read was "A Random Walk down Wall Street." The 1989 edition, I believe. I read it on a beach in the Dominican Republic. It was recommended to my by a professor at tOSU who taught a grain marketing class I took. He contended that grain markets were as impossible to predict and time as the stock market (after spending an entire quarter teaching us about technical analysis). I grew up on a farm, and spent the first 20 years of my life listening to my dad and his friends argue and complain about their grain marketing decisions. Much like we do on this board. I honestly believed that they could make better decisions by surrendering their decisions over to a dart board.
I bought into the Random Walk Theory immediately after reading the book.. What little savings I had I put into the Vanguard Wilshire 5000 fund before I graduated college. A few years later, I added Vanguards Total International Stock Market Fund.
My strategy since then has been to focus my time and effort into my job, and making money at my job, and being a cheap-arse. Take whatever money I have, and drop it into those funds, not trying to decide if now is the time to cash out or get back in.
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