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Jonathan Liss

 
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  • ETFs Are Not What You Think They Are [View article]
    For the sake of the average investor, there should be different names for standard index ETFs and products that involve large doses of financial engineering. This would be a simple, straightforward way to differentiate between easy to use standard index funds and products that carry much larger amounts of risk. After 2008, the financial services industry pretty much owes this to retail investors. But I understand why they haven't done this: Obfuscation and mislabelling are a better way to get more people to use products they really shouldn't be touching.
    Jan 27, 2014. 03:21 PM | Likes Like |Link to Comment
  • Replicating Yale's Endowment Portfolio With Accessible Instruments [View article]
    What an excellent article - very well done. Thanks!
    Jan 27, 2014. 03:16 PM | 1 Like Like |Link to Comment
  • Gary Gordon Positions For 2014: Sticking With ETFs Capable Of Handling Deflationary Scares [View article]
    moatfrog,

    I understand your sentiment but as an RIA, people like Gary Gordon build client accounts one at a time, based on their individual needs. How then can he report on results in a broad and sweeping fashion? Every portfolio is different and every set of financial needs is different too.

    Jonathan
    Jan 3, 2014. 06:30 AM | Likes Like |Link to Comment
  • Larry Swedroe Positions For 2014: Risky Equities Always Trump Chasing Yield [View article]
    Larry,

    PRFZ is the RAFI Small-Mid Portfolio: http://bit.ly/18MHD9a

    It's one of Rob Arnott's fundamental index funds which weights holdings according to a mix of book value, cash flow, sales and dividends and charges 39 bps. It's up roughly 40.5% YTD on a total return basis so somewhat ahead of BOSVX and BOTSX.

    In terms of factor exposure, XTF lists the following breakdown: http://bit.ly/18MHB15

    83% small and micro cap
    15% midcap

    42% value
    28% growth
    30 blend

    The spread to trade it seems reasonable as it has close to $1B AUM. Seems like it would be a good substitute for those Bridgeway funds in the Larry Portfolio if one were so inclined.
    Dec 26, 2013. 08:59 AM | 1 Like Like |Link to Comment
  • Larry Swedroe Positions For 2014: Risky Equities Always Trump Chasing Yield [View article]
    They've worked together academically. What is improper about them working together with DFA?

    For investors that want to do it themselves, good for them. We certainly encourage that here at SA. However not everyone has the time or inclination to do so. Which is where financial services firms come in. The assumption that these firms are simply gauging unwitting consumers doesn't give the consumer enough credit. My bet is that most high net worth individuals are more than happy to pay someone else 50 to 100 basis points to manage their investments if it means less headaches and more time to themselves.

    What's wrong with that?
    Dec 24, 2013. 03:16 PM | 6 Likes Like |Link to Comment
  • Positioning For 2014: Guide To The Series [View article]
    I am passing this along to our product team.

    Thanks for reading and Happy Holidays!
    Dec 24, 2013. 09:49 AM | 2 Likes Like |Link to Comment
  • The Right Time For DoubleLine [View article]
    Tax loss harvesting is like Christmas shopping - waiting till the last minute is never a good idea ;-)

    I just completed most of mine as well.

    Great piece guy and tons of food for thought here - I'm definitely adding this to my watchlist for my parents' account.
    Dec 11, 2013. 02:01 PM | 4 Likes Like |Link to Comment
  • Generex: A Stock Suitable Only For Its Officers And Directors Or Carl Icahn [View article]
    Rich,

    We have edited the piece to reflect your concerns.

    Best,
    Dec 3, 2013. 06:52 AM | 1 Like Like |Link to Comment
  • There's No Global Wine Shortage [View article]
    Even The Onion is getting in on the global wine shortage story: http://onion.com/1cDGPVV
    Nov 6, 2013. 04:41 AM | Likes Like |Link to Comment
  • Apple Should Be Like Bloomberg [View article]
    Terrific piece Felix - thanks as always!
    Oct 30, 2013. 04:31 PM | Likes Like |Link to Comment
  • IPO ETF Doesn't Need Twitter [View article]
    Thanks for pointing that out Bradley. We have fixed the article to reflect your point.
    Sep 16, 2013. 02:01 PM | Likes Like |Link to Comment
  • Face Off: 2 Water Resource ETFs To Profit From The Worldwide Demand For Clean Water [View article]
    I'm personally a big fan of FIW and have held it for roughly 3 years. It's up 72% over that period (I have never added to or subtracted from my initial position) vs. just 26% for PIO. I was drawn to the fund b/c of the ISE's specific indexing methodology that puts a lot of stress on liquidity of holdings while also insisting all index components be true pure-play investments (something that is far from guaranteed in many sector funds).
    Sep 11, 2013. 02:27 PM | 4 Likes Like |Link to Comment
  • GDX Updating Index Methodology [View news story]
    Not sure about the bankruptcy thing. My guess is they want to create a clear distinction between GDX and the Jr. Miners equivalent, GDXJ. Right now there's likely some overlap their and this should eliminate that.
    Sep 11, 2013. 08:29 AM | Likes Like |Link to Comment
  • The Risk Of Using Equities As A Rising Rate Hedge [View article]
    And that's sound logic. I just wonder about your 100% exposure
    Aug 9, 2013. 09:43 AM | Likes Like |Link to Comment
  • The Risk Of Using Equities As A Rising Rate Hedge [View article]
    100% anything exposes you to huge risks. You need to diversify.
    Aug 7, 2013. 02:40 PM | 1 Like Like |Link to Comment
COMMENTS STATS
470 Comments
435 Likes