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Jonathan Liss  

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  • Looking Back On 2012 Cleantech Investing Predictions [View article]
    Very interesting. Thanks for sharing that JSE
    Dec 26, 2012. 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!
    Dec 26, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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 ( - 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 09:45 AM | Likes Like |Link to Comment
  • This Well Known ETF Is Beating The Market [View article]
    While the P/E on the QQQ is slightly above that of the SPX, the current earnings growth is nearly double. And the historical average P/E of the Nasdaq 100 is closer to 18 than 15. So to my mind, QQQ is a better way to allocate right now than SPY.

    Disclosure: Long QQQ
    Sep 12, 2012. 07:39 AM | Likes Like |Link to Comment
  • Revamping Your Bond Portfolio With A Simple Momentum Strategy [View article]
    While your sentiments make sense, the problem with avoiding T-bonds entirely is that you could end up in a repeat of 2008 where T-bonds are the only safe asset class and high yield bonds get crushed during a massive sell-off, as occurred in H2 2008 and highlighted here by the author. I find it's best to stay asset class agnostic in momentum strategies and bonds are no exception. When the secular bear market in Treasuries begins, this strategy will have you soundly in high yield corporates.

    Ploutos, I'd be curious to see how this strategy works with a fund like LQD for those investors that are too risk averse for non-investment grade corporates.

    Thanks for a great piece!
    Aug 31, 2012. 01:30 PM | 2 Likes Like |Link to Comment