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Casey Smith  

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  • Why Dave Ramsey Is Wrong [View article]
    2% is outrageous! Unfortunately most are paying 2.5% and don't even know it.
    Jan 26, 2015. 02:56 PM | Likes Like |Link to Comment
  • Why Dave Ramsey Is Wrong [View article]
    There is some confusion as to what fee only is. There are three standards as set by the regulatory authorities. Commission based, Fee Based and Fee Only. A commission broker is fairly obvious to spot, but Fee Based and Fee Only often get confused. A Fee Based advisor can sell you funds at a commission but also work for you as a percent of managed assets. In this relationship the advisor is probably getting paid as a percent of assets managed while getting commission on insurance products. In a Fee Based relationship transparency is very important as all the fees can be confusing and add up quickly.

    Fee Only will always get paid by the client directly and never by the product. The fiduciary standard is aways in play. Insurance products (annuities) are vary rarely used.

    According to Dave's investment philosophy found on his website, he does not support fee only advisors. Possibly Fee Based, as they could sell those expensive A share funds he loves do much.
    Jan 26, 2015. 08:47 AM | Likes Like |Link to Comment
  • Pay Off Your Mortgage Prior To Retirement [View article]
    Many objections to not paying off the home are based on if I use part of my nest egg to pay off the home then there would be less money working for me. The assumption there that the money is not spent down. In this example based on the clients requirement to protect principal I am showing that it is not worth taking the risk of such a high rate of needed return vs being free of the mortgage payment. I would hope with $1,100 less to generate monthly the overall nest egg would have to generate a rate of return that is less than 8.8%.
    Sep 8, 2013. 08:48 PM | Likes Like |Link to Comment
  • The Surprising 'Growthy-Ness' Of A Breakthrough ETF [View article]
    Nice review Aniket!
    Feb 27, 2013. 02:32 PM | Likes Like |Link to Comment
  • Casey Smith Positions For 2013: Passively Allocating To Long-Term Healthy Asset Classes [View article]
    In the iShares asset allocation ETF (AOA, AOK etc) there are no fees for the underlying ETFs because iShares waives them in those particular funds, so for example in AOK, you only incur the 30bps expense ratio. This makes the funds very compelling for the reasons stated above.
    Jan 8, 2013. 03:27 PM | 1 Like Like |Link to Comment
  • Casey Smith Positions For 2013: Passively Allocating To Long-Term Healthy Asset Classes [View article]
    Qniform, The cost of owning these portfolio's is 0.30% a year. At TD Ameritrade these funds trade at no transaction costs. If you are saving on a monthly basis it does not get much cheaper than this. For every dollar you put in, 100% gets invested into a risk managed allocation that automatically rebalances at relatively low management fee compared to mutual funds that charge 5.25% just to deposit money. I also like these funds where the account balance is less than 20K for the same reasons. You can replicate these funds at other custodians using their no transaction ETFs, but you will have to do the allocation and rebalancing yourself.
    Jan 3, 2013. 08:21 AM | Likes Like |Link to Comment
  • The Low Volatility ETF Effect [View article]
    1% for an ETF would be very expensive. You can hold the S&P 500 for less than 0.10%. Much less than paying to purchase 500 stocks or even 100. Many people transitioning to ETFs are moving from poorly managed Mutual funds where a .25% access to the broad or sector of the market is ultra cheap. Passively or actively picking stocks or ETFs has been covered exhaustively and can be found by searching this site.
    Dec 14, 2012. 08:09 PM | Likes Like |Link to Comment
  • The Low Volatility ETF Effect [View article]
    SPLV has a higher dividend yield and those who want to overweight in utilities and consumer defensive stocks would like this ETF. Of you are ranking based solely on diversification then yes you are correct.

    Similar objectives but two different aninmals. ETFs are similar to mutual funds in that you just can go by the name, you have to look at the methodology. The biggest difference in that Mutual funds disclose their holdings quarterly; ETFs, daily.
    Dec 14, 2012. 07:42 PM | Likes Like |Link to Comment
  • The Low Volatility ETF Effect [View article]
    I understand there is more to standard deviation than the broad generalization that I was giving it. For those interested the details can be found here http://bit.ly/SXaz2W.
    Dec 14, 2012. 07:34 PM | Likes Like |Link to Comment
  • ETF Investing In Europe: Finding The Right Strategy [View article]
    Correct. For the conversation of currency it is out.
    Aug 2, 2012. 05:57 PM | Likes Like |Link to Comment
  • ETF Investing In Europe: Finding The Right Strategy [View article]
    Yes.. Thank you for pointing that out. IEV and VGK are interchangeable. VPL is the green circle.
    Aug 2, 2012. 05:55 PM | Likes Like |Link to Comment
  • ETFs Needed In 401k Plans [View article]
    IVV, IJR, IJH, EFA, DWM, DEM, DJP, SCZ, BND, STPZ or TIP, MINT, AOA, AOR, AOM, AOK would be good starts.
    Jan 25, 2012. 04:51 PM | Likes Like |Link to Comment
  • Casey Smith Positions For 2012: A Comprehensive ETF-Based Portfolio Strategy For The Next Year [View article]
    It is the only ETF of its kind, so someone searching out this allocation can only go here. Invesco could also be using it in other funds.... Unfortunately we can't see who the largest owners are like we can with Mutual Funds, but I suspect that it is institutional ownership vs in private client accounts.
    Jan 6, 2012. 08:53 AM | 2 Likes Like |Link to Comment
  • Casey Smith Positions For 2012: A Comprehensive ETF-Based Portfolio Strategy For The Next Year [View article]
    I should note that PSP tracks the S&P Financial index much better than the 500 index. Here is PSP's data.http://bit.ly/yUaaEO
    Jan 6, 2012. 08:50 AM | 1 Like Like |Link to Comment
  • Casey Smith Positions For 2012: A Comprehensive ETF-Based Portfolio Strategy For The Next Year [View article]
    I am not a regular follower of PSP, but looking at its allocation 76% in financials and with 27% of holdings in the US, this would explain a lot of tis performance considering the last year in Europe. It is interesting that 14% of the countries within the ETF are considered unclassified, 16% are in an unclassified cap size. This is directly off the PowerShares website. Some of its holdings invest in companies that lend to privately held companies.... not a pure play on private equity. Getting a loan repaid versus owning private stock are two very different expectations.
    Jan 6, 2012. 08:44 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
36 Comments
27 Likes