Looking At Dividend Growth Through A Different Lens [View article]
No I was just showing the returns of buybacks by market cap segment. There is no way to screen for this and would extremely tedious so i'll pass on it.
I agree with you that the portfolio give a good general framework but I see alot! of overlap that will add to transaction costs. I'll go through section by section
CASH:
GSY is a good choice, an alternative choice would be the PIMCO Enhanced Short Maturity Strategy ETF (MINT)
US EQUITIES:
SPY and SCHD have a 96% correlation so they are essentially the same thing except SCHD has a higher dividend. SPY also have a 96% correlation to VO, and 85% correlation to FXH. So I would replace SPY,and VO with an ETF like the Utilities Select Sector SPDR ETF (XLU) since SCHD only has around a 3% weighting to Utilities.
EMERGING MARKETS EQUITIES:
DEM and ECON have a 89% correlation so I would get rid of ECON and keep DEM because DEM has a higher yield.
DEVELOPED INTERNATIONAL EQUITIES:
When comparing the correlations of VEU and IDLV, to the two emerging market etfs it is clear that VEU is highly correlated to the emerging markets etfs, and IDLV has a 61% correlation to DEM, and 59% correlation to ECON. So I would keep IDLV and get rid of VEU.
FIXED INCOME:
I think the fixed income section is actually fine because AGG has roughly 35% in treasuries, 29% in MBS,and 22% in corporates, so there is a little overlap with LQD, but not that much. AGG and LQD have a 78% correlation.
OPPORTUNITY:
I like the list except I would remove, BKLN, UUP, GDX, put in a different ETF like IAU.
So using the funds listed with my changes, it would look like
Cash-GSY US Equities-SCHD,XLU Emerging Markets Equities: DEM Developed Equities: IDLV Fixed Income: AGG,LQD,ELD Opportunity: IAU,HYLD,VNQI
11 ETFs is much more manageable than 17 and is not as overlapping and correlated as the CNBC portfolio is. Just my thoughts on the subject. Maybe I'll write an article with my own suggestion for a "CNBC" portfolio.
How To Play The Oil Market With Commodity ETFs [View article]
I agree with you, if you know what condition the commodity is by looking at the futures curve, you can see if oil is in contango or backwardation. I wonder if this interesting strategy would work, hold USL while in backwardation, and switching to the UBS ETRACS Oil Futures Contango ETN (OILZ) during contango. Or like a allocated split between the two like 50-50, 75-25, 80-20, 60-40,90-10.
OILZ is small but its strategy is:
"The fund establishes a 100% long position in sixth, seventh, and eighth month Light Sweet Crude Oil Contracts (WTI), and a 50% short position in front month WTI contracts."
How To Play The Oil Market With Commodity ETFs [View article]
Looking at the chart for Crude oil on Y-Charts for the last two years it shows that USO has underperformed WTI, but I also looked at other oil ETFs, the The United States 12 Month Oil ETF (USL) which performed better than the USO, but still not quite up to par with the spot price. I then looked at the PowerShares DB Oil ETF (DBO) and showed a similar pattern as USL.I also looked at an ETN, the iPath S&P Crude Oil Total Return Index ETN (OIL) and it had a similar return to USO.
So after all that, I believe that USL, is the best choice out of the options out there to track the price of oil the closest. Best fund in a bad group of funds.
Looking At Dividend Growth Through A Different Lens [View article]
Thank you for the suggestion. HDV is a good choice because it has a weighting around 94% in large and mega-cap stocks, which according to my data are the best performing segments, another option would be the WisdomTree LargeCap Dividend ETF (DLN).
Franco Nevada - Gold Investment That Works [View article]
If you read my article, in addition to FNV, my screen came up with RGLD and AUY. I then compared all three to the gold miner ETF, and the physical gold ETF (GLD)
Franco Nevada - Gold Investment That Works [View article]
I prefer to stick with winners that have a proven track record, have you looked at the chart of FNV compared to ANV, 1 year FNV +7%, and ANV down -50%.
Franco Nevada - Gold Investment That Works [View article]
Great article, FNV was one of the stocks I highlighted in my 2012 article about picking gold miners that outperformed miners as a group (GDX), and well as Physical gold (GLD). The three one my list after my screen were (FNV), (RLGD), (AUY).
How To Be Protected Before The Next Market Crash [View article]
There is a ETF that goes long short based on beta, the QuantShares U.S. Market Neutral Anti-Beta ETF (BTAL) "The index rebalances monthly by identifying the lowest beta stocks as long positions and highest beta stocks as short positions, of approximately equal dollar amounts, within each sector. "
Regulators are investigating whether "a benchmark daily rate set by a group of banks" has been the subject of widespread manipulation. Sound familiar? The CFTC has issued multiple subpoenas in connection with its investigation into the possible manipulation of ISDAFIX, the rate referenced by $379T (that's "trillion") of interest-rate swaps which are used by "everyone from hedge funds to manufacturing companies … to protect against fluctuations in funding costs."[View news story]
$379 trillion, nothing can go wrong with something that size... talk about to big to fail lol.
It Is Not Different This Time - It Is Worse [View article]
You missed my point, I said " It is not cost effective for refiners to build a new refinery to refine crude for gasoline for Americans."
EIA data from the link below shows that refinery capacity has been near flat for nearly decade. As the data I gave in the previous post about US exports of refined products rising, and capacity not growing, that means there is less capacity for refining for the domestic market. Foreign exports as a percentage of refining capacity is rising.
Looking At Dividend Growth Through A Different Lens [View article]
Looking At Dividend Growth Through A Different Lens [View article]
CNBC.com ETF Portfolios [View article]
CASH:
GSY is a good choice, an alternative choice would be the PIMCO Enhanced Short Maturity Strategy ETF (MINT)
US EQUITIES:
SPY and SCHD have a 96% correlation so they are essentially the same thing except SCHD has a higher dividend. SPY also have a 96% correlation to VO, and 85% correlation to FXH. So I would replace SPY,and VO with an ETF like the Utilities Select Sector SPDR ETF (XLU) since SCHD only has around a 3% weighting to Utilities.
EMERGING MARKETS EQUITIES:
DEM and ECON have a 89% correlation so I would get rid of ECON and keep DEM because DEM has a higher yield.
DEVELOPED INTERNATIONAL EQUITIES:
When comparing the correlations of VEU and IDLV, to the two emerging market etfs it is clear that VEU is highly correlated to the emerging markets etfs, and IDLV has a 61% correlation to DEM, and 59% correlation to ECON. So I would keep IDLV and get rid of VEU.
FIXED INCOME:
I think the fixed income section is actually fine because AGG has roughly 35% in treasuries, 29% in MBS,and 22% in corporates, so there is a little overlap with LQD, but not that much. AGG and LQD have a 78% correlation.
OPPORTUNITY:
I like the list except I would remove, BKLN, UUP, GDX, put in a different ETF like IAU.
So using the funds listed with my changes, it would look like
Cash-GSY
US Equities-SCHD,XLU
Emerging Markets Equities: DEM
Developed Equities: IDLV
Fixed Income: AGG,LQD,ELD
Opportunity: IAU,HYLD,VNQI
11 ETFs is much more manageable than 17 and is not as overlapping and correlated as the CNBC portfolio is. Just my thoughts on the subject. Maybe I'll write an article with my own suggestion for a "CNBC" portfolio.
How To Play The Oil Market With Commodity ETFs [View article]
OILZ is small but its strategy is:
"The fund establishes a 100% long position in sixth, seventh, and eighth month Light Sweet Crude Oil Contracts (WTI), and a 50% short position in front month WTI contracts."
Looking At Dividend Growth Through A Different Lens [View article]
How To Play The Oil Market With Commodity ETFs [View article]
So after all that, I believe that USL, is the best choice out of the options out there to track the price of oil the closest. Best fund in a bad group of funds.
Looking At Dividend Growth Through A Different Lens [View article]
Franco Nevada - Gold Investment That Works [View article]
Franco Nevada - Gold Investment That Works [View article]
Franco Nevada - Gold Investment That Works [View article]
Shares of Skechers (SKX +1.7%), also a KPMG client, are halted with news pending. [View news story]
How To Be Protected Before The Next Market Crash [View article]
Regulators are investigating whether "a benchmark daily rate set by a group of banks" has been the subject of widespread manipulation. Sound familiar? The CFTC has issued multiple subpoenas in connection with its investigation into the possible manipulation of ISDAFIX, the rate referenced by $379T (that's "trillion") of interest-rate swaps which are used by "everyone from hedge funds to manufacturing companies … to protect against fluctuations in funding costs." [View news story]
It Is Not Different This Time - It Is Worse [View article]
EIA data from the link below shows that refinery capacity has been near flat for nearly decade. As the data I gave in the previous post about US exports of refined products rising, and capacity not growing, that means there is less capacity for refining for the domestic market. Foreign exports as a percentage of refining capacity is rising.
http://1.usa.gov/WwCj3M
Seeking Alpha Trading Survivor Contest [View instapost]