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Jonathan Liss

 
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  • Eric Parnell Positions For 2013: Gold's An Essential Diversifier In Any Portfolio [View article]
    Great point. However there is at least some evidence to suggest gold and silver will perform well in deflationary environments. See here for example: http://bit.ly/nKBKru

    Others should feel free to weigh in - I'd be curious for more insight as to how gold may perform in a deflationary environment.
    Dec 27 07:13 AM | 3 Likes Like |Link to Comment
  • Modern Portfolio Theory 2.0 - The Most Diversified Portfolio [View article]
    If you can be disciplined with ETFs, they're more tax efficient, both as vehicles (vs. mutual funds) and allow the individual to tax loss harvest as they see fit. The key is discipline but I don't see how you can knock a vehicle that has brought passive indexing to the masses without mentioning the many upsides (and I do agree the ability to trade throughout the day at the press of a button is a big downside for many investors)
    Dec 27 06:14 AM | 1 Like Like |Link to Comment
  • Looking Back On 2012 Cleantech Investing Predictions [View article]
    Very interesting. Thanks for sharing that JSE
    Dec 26 04:50 PM | 1 Like Like |Link to Comment
  • Eric Parnell Positions For 2013: Gold's An Essential Diversifier In Any Portfolio [View article]
    Eric, something we didn't touch on in the piece is the ETFS physical gold products, AGOL and SGOL as well as GLTR. In your mind are these 'safer' plays for physical delivery enthusiasts, or is there not a major difference between these, GLD and IAU in your reading?

    Best and thanks again for a great interview!
    Jonathan
    Dec 26 03:29 PM | 1 Like Like |Link to Comment
  • Eric Parnell Positions For 2013: Gold's An Essential Diversifier In Any Portfolio [View article]
    GLD has thus far tracked the spot price of gold almost perfectly. While I can't guarantee it will in the future, it seems like this product has gotten a bad rap to date despite doing exactly what it promises to do for upwards of 8 years now and with more than $71B in assets.
    Dec 26 03:09 PM | 2 Likes Like |Link to Comment
  • Looking Back On 2012 Cleantech Investing Predictions [View article]
    While RG3 has been good, they still need a win sunday to make the playoffs.
    Dec 25 04:56 AM | Likes Like |Link to Comment
  • Roger Nusbaum Positions For 2013: Think Long Term, Invest Globally [View article]
    Exactly, if you want big predictions and prognostications, you can sleep at night knowing with certainty what will happen in the future... until you wake up one morning and the predictions were dead wrong. The purpose of portfolio construction is to diversify away risk and smooth out the ride - b/c short of certain knowledge what will happen which none of us has, to need to plan for all possible eventualities.
    Dec 21 03:41 AM | 6 Likes Like |Link to Comment
  • The Worst Performing IPOs Of 2012 [View article]
    HMST has been removed thanks to your comments - keep up the great work guys!
    Dec 8 01:59 PM | 1 Like Like |Link to Comment
  • Smart Portfolio Construction: What Is Gold's Role? [View article]
    You can only redeem the Sprott gold and silver trust once a month (http://bit.ly/TGDrOX - see item #4) so while they do hold enough of the metals, there could be a problematic panic/rush type situation involving those too. Just sayin...
    Dec 6 02:04 AM | Likes Like |Link to Comment
  • Smart Portfolio Construction: What Is Gold's Role? [View article]
    Sorry, I'm having trouble taking this piece too seriously. How does the author (or others) continue to insist gold performance is positively correlated to inflation, but only bring in 2 years in the 70s to back his point despite looking at a 40 year period? What about the 1980s? Inflation was frequently in double digits, yet gold performed horribly losing over 50% of its value. Nice piece otherwise - especially the parts about how gold helps portfolio returns while reducing overall risk.
    Dec 5 04:41 PM | 4 Likes Like |Link to Comment
  • Apple (AAPL) nearly doubles the geographic reach of its iTunes store by extending it to another 56 countries, including Russia, India, South Africa and Turkey. The expansion takes the number of countries in which iTunes is available to 119. Prices will vary considerably: a song will cost 15 rubles ($0.48) in Russia but just seven rupees ($0.12) in India. [View news story]
    Voting at the U.N. should be limited to countries with an iTunes store
    Dec 4 06:58 AM | 3 Likes Like |Link to Comment
  • Modern Portfolio Theory 2.0 - The Most Diversified Portfolio [View article]
    Spot on Mark, I was thinking the same exact thing about the chosen benchmark (IVV). Anyone contemplating this strategy clearly owns a lot more than just IVV so the benchmark is silly. Another issue I have is that this portfolio isn't tax-managed. In a non tax-deferred account the key is after-tax returns. I'd be concerned about racking up a big tax bill with monthly trading and no consideration to tax consequences.

    What I found interesting in this piece is the notion of remeasuring correlations between asset classes on a regular basis. I'd like to see this notion explored more in future pieces. Nice effort on the whole Paul - I'm looking forward to future thought-provoking pieces.
    Nov 29 02:10 PM | Likes Like |Link to Comment
  • Rising Uncertainty Sees Investors Withdraw $10B From ETFs With U.S. Equity Exposure In October [View article]
    I am surprised there isn't a single muni bond fund on the top 20 inflows list. My conclusion would be that most income investors (institutional and retail) aren't taking the fiscal cliff particularly seriously at this late stage and believe a resolution is almost guaranteed.
    Nov 12 06:58 AM | 1 Like Like |Link to Comment
  • The complete list of Schwab ETF fee reductions is here. Both the U.S. Broad Market (SCHB) and the U.S. Large-Cap (SCHX) ETFs - with fees reduced to 0.04% from 0.06% - are now the cheapest in the industry. Bond funds get a cut, too, including the Aggregate Bond ETF (SCHZ) to 0.05% from 0.10%. (previous[View news story]
    Hard to see how this could be bad for investors - we win every time the big issuers engage in pricing wars with each other.
    Sep 23 03:55 AM | Likes Like |Link to Comment
  • Time To Think About Minimizing Interest Rate Risk In Your Portfolio [View article]
    Hi Alan,

    Very informative piece. What are your thoughts on both Emerging Market sovereign debt and muni bonds in a rising rate environment? How about corporate debt?
    Sep 13 09:45 AM | Likes Like |Link to Comment
COMMENTS STATS
467 Comments
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