- 10/10/2016Robin Powell on LinkedIn shared an update/conversation (www.linkedin.com/hp/update/6190937869566164993):
"The 0.00% fund fee has finally arrived. How about *negative* fund fees? Why not, says Jason Zweig"...The ETF With the 0.00% Feeblogs.wsj.com This past week, BlackRock, the world’s largest asset manager, cut management fees on some of its iShares exchange-traded funds to as low as 0.04%. But why stop there? And why stop at...
- 04/10/2016Robin Powell posted this observation on LI:
"Jack Bogle may or may not be right when he says we're heading for an era of lower returns. If he is, it'll be all the more important to keep costs low"
I would agree!
by Christine Benz at Morningstar.Bogle Forecasts Low Stock and Bond Market Returns Warning of 'much lower market returns' ahead, Vanguard founder Jack Bogle urges investors to seek low-cost investment products. For all Morningstar videos:...
- Producer28/09/2016How to Invest Better and Safer Than Warren BuffettThis post is both a 10-point critique of the Ultimate Cheat Sheet for Investing post from James Altucher, coupled with better tips I have learned over the years about investing. The gist? Someone who bought an S 500 fund... would have made...
Comments01/10/2016 #8 Ben PintoI agree Dean about the deep pockets. It is just like people that go to a casino with a gMbling strategy. If they had the money to match the casino and were allowed to bet it - a strategy could help, but if one has bottomless pockets then no need in having bottomless shorts. LOL #628/09/2016 #6 Dean Owen#5 Hi Jared, I am by no means an expert on Warren Buffet, but having casually watched his trades over the last few decades I think there are important lessons to be drawn, like not getting involved in things you don't understand, having a long term horizon etc. He is greedy, not for himself, but for his shareholders. He does have access to information but also makes it a point to meet with the CEOs of the companies he invests in. But I think ordinary investors would have a hard time emulating his trading strategies as they require deep pockets to be able to withstand the potential drawdowns on individual stocks. I watched one of his investments, BYD, drop from 90 down to 20 and he didn't even flinch. Investors can certainly buy BRK-B as an alternative, but I would recommend waiting for the next financial crisis as an entry point to accumulate long term long positions in anything. As for me, I trade markets that have been trending sideways and employ put and call warrants to capture peaks and troughs. The Hang Seng has had a pretty good run up these last few months, so it's time to go long puts I think, as there is usually a correction. I use Fibonacci, Bollinger Bands, RSI and other technical analysis tools to predict retracements, support/resistance etc. I'd love to hear your opinion on a trading strategy I thought of, based on probabilities.28/09/2016 #5 Jared WieseHi @Dean Owen. I cleaned up my article a bit. Thanks for all the great comments and the link to your post!
Even though he said “Be Greedy when others are Fearful” you pointed out that 'personal greed plays no part in what motivates the 86 year old'. When buying oil or anything for that matter, 'no doubt a calculated decision that was derived from a meticulous bottom up analysis of the company at stake.' That seems to be his classic value approach.
Yet it appears he made that realization the hard way. Odd that he kept buying Conoco when it was already hitting peaks. Perhaps goes to the point that even with all his research, one never knows.
Per this Forbes article that I read recently, http://www.forbes.com/sites/moneybuilder/2013/05/08/the-worst-investment-of-warren-buffetts-career/#335d54a2227c, he actually feels buying Berkshire Hathaway was his biggest mistake! If he had not, he'd be worth double. It was an ego thing!
I'd say he learned to stick to his forte of crunching the numbers, finding value and then 'usually' buying low.
I was also missing a link, http://www.marketwatch.com/story/warren-buffett-to-heirs-put-my-estate-in-index-funds-2014-03-13:
"you and I aren't Warren Buffett.
The researchers put it this way:
Warren Buffett's record by the start of our sample period strongly suggests he is a gifted trader. His success in subsequent years in generating abnormal returns doesn't in itself imply market inefficiency. Rather such returns can be construed as compensation for his extraordinary talent and acquisition of private information.
Do you have access to the same private information as Warren Buffett? Do you have his level of investing skill? Does your financial adviser?"
You mention a long put. Are you seeing the Big Short all over again ;)28/09/2016 #4 Dean OwenI did an article on Buffet - https://www.linkedin.com/pulse/buffett-bets-big-oil-dean-owen?trk=mp-reader-card28/09/2016 #1 Dean OwenThere is some great advice here, but as with everything in life, timing and location. Everyone thinks they are a genius in a bull market. For me, Buffet sums it up best with his "Be greedy when others are fearful". His timing is impeccable and he buying spree starting early 2009 a few months after the Lehman collapse was brilliant (although he most likely was talking to Geitner/Paulson quite often back then). I try to ride his coat-tails, but it requires huge gonads to not employ stop losses. Doing well with BYD, a Chinese electric car automaker that Buffet has a heavy stake in.
- 21/09/2016https://www.bebee.com/producer/@jaredwiese/10-rules-to-invest-your-money-or-1-word-indexes10 Rules to Invest Your Money... OR 1 Word: INDEXESwww.bebee.com One of the best articles I've seen on the rules and mindset of #investing. It comes from Kathleen Elkins on http://www.businessinsider.com In...