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Jonathan Liss  

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  • High Yield Bond ETF: If We Avoid a Full-Blown Depression, It's a Steal [View article]
    Nice piece and it does look good on paper. My one concern is if you look at the top 10 holdings, none of them offer yields that are as high as 12% and few even come close ( Which leads me to wonder how the yield is so high? What 'real' junk are they holding to get the yield that high?
    Apr 13, 2009. 07:13 AM | 11 Likes Like |Link to Comment
  • Less Is More: Why I Prefer Low Yield Stocks [View article]
    There was no Philip Morris at year-end 2007 - it was part of Altria until March of 2008 when it was spun off into its own stock. I believe the chart of Altria is adjusted for the spin off or some other event - I distinctly remember shares in the $70-$80 range at that time. The numbers in that chart are for 12/31/2007.

    Before calling out others for their lack of fact checking, please make sure you are reading correctly.
    Feb 10, 2012. 07:47 AM | 9 Likes Like |Link to Comment
  • Five Reasons Citi's Worth the Long Risk [View article]

    You completely ignore the possibility the government will nationalize Citi wiping out all shareholder equity in the process. I think that alone makes buying Citi an extremely risky proposition.

    Mar 2, 2009. 09:26 AM | 9 Likes Like |Link to Comment
  • ETFConnect Is No More [View article]
    Yes, totally baffling. I will now have to scramble to get overviews of basic ETF information.
    Sep 25, 2009. 05:19 AM | 8 Likes Like |Link to Comment
  • Wednesday Outlook: Big Brother's House [View article]
    Where the heck was Morgan and co. to protect their clients during the recent downturn? Now they're suddenly all heavy-handed!
    Jul 29, 2009. 07:37 AM | 8 Likes Like |Link to Comment
  • 'Buy High Sell Higher' - A Review Of Joe Terranova's Cutting-Edge New Book And His 2012 Outlook [View article]
    Yep, agreed. CNBC doesn't provide serious content for serious investors. It is pure entertainment meant to juice ratings.
    Jan 7, 2012. 11:35 AM | 7 Likes Like |Link to Comment
  • When Bloggers Uncover Ponzis [View article]
    Agreed, this is where the financial blogosphere really has a leg up on mainstream media. Thanks Felix!
    Apr 30, 2009. 05:41 PM | 7 Likes 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
  • Dave Van Knapp Positions For 2013: Tuning Out Market 'Noise' With Dividend Growth Investing [View article]
    With all due respect giorgiolb,

    Larry Swedroe manages $4.5B directly, is responsible for strategy on another $14.5B, has authored 12 books on finance, been profiled in the NY Times, and has beaten benchmarks on a properly risk-adjusted basis for 20 years. He's widely respected in finance circles. Why should he care what you think? You are not a well-known entity, have no proven track record, don't manage anyone's money other than your own, and don't even bother putting your real name out there for people to see. He puts himself on the line daily with his decisions front and center. So does Dave Van Knapp and all of our other writers. They are the opposite of anonymous, putting themselves and their investment choices on the line daily in the public sphere. You should be more willing to live and let live.

    I am not personally partial to any approach on the site (I think each investor needs a strategy that helps them meet their financial goals in a way that lets them sleep at night) but it 'rubs me the wrong way' when anonymous commenters troll others articles just to harass them and don't listen to their replies in good faith, or just agree to disagree and move on.

    In the same way people like Dave and the rest of our excellent DG community ignored Larry W after awhile and rightfully so (he was rude and didn't listen to others replies), I don't see how you can expect authors like Swedroe to do anything different with your frequently aggressive and snarky comments when what you have is a genuine intellectual disagreement - nothing more.

    Best and much success in the new year!
    Jonathan Liss
    Dec 30, 2012. 07:59 AM | 6 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
  • Is The Apple Bubble Popping? [View article]
    "Although I agree that Amazon's P/E ratio is a bit much and that the company is not undervalued, I do not think it is overvalued either."

    AMZN's forward PE is 74, yet you feel it's not 'overvalued'.

    Apple's forward PE is 10.95, yet you feel it's in a bubble.

    The forward PE of the Nasdaq 100 is currently 12.2.

    Please explain the discrepancy in your logic here?

    FYI, I am neither long or short Apple so I have no skin in this game. I am just trying to understand such seemingly contradictory statements from the perspective of pure logic.
    Apr 24, 2012. 03:16 PM | 6 Likes Like |Link to Comment
  • The smart way to invest in natural gas is not by investing in a natural gas company, Dee Gill writes, but rather with oil giant Exxon Mobil (XOM). While some of the top nat gas firms have too much debt or look just plain expensive, XOM is now the biggest U.S. nat gas producer, debt levels and shareholder returns are attractive, and dividend yields are at least double those of other nat gas producers.  [View news story]
    Who cares that it's the biggest Nat. Gas producer? What percent of its total revs are derived from Nat. Gas? That's the key question and my guess is XOM is far from a NG pure play so that if gas continues to do well but oil prices come back down to earth, you wouldn't be 'playing' NG at all with XOM. Try FCG instead - it's a legit nat. gas producer pure play ETF.
    Mar 30, 2011. 10:22 AM | 6 Likes Like |Link to Comment
  • Employers begin to warn workers to prepare for slimmer paychecks if Congress fails to vote on an extension of the Bush tax cuts. Congress won’t start debating the issue until after the Nov. 2 elections, and since it takes weeks to prepare withholding schedules, the IRS may need to assume the cuts will expire and direct employers to increase payroll deductions starting Jan. 1.  [View news story]
    What I find unacceptable isn't so much whether rates will rise or not - you can make good arguments on both sides of the policy equation - but that employers are being left in the dark until the last minute.
    Oct 27, 2010. 11:01 AM | 6 Likes Like |Link to Comment
  • Eric Sprott Pushes Gold, Admits Missing Equities Entirely [View article]
    Mentions in the video that his fund only gets taxed at 15% vs. 28% for normal Gold Trust ETFs - that's a key point imho
    Apr 16, 2010. 05:01 AM | 6 Likes Like |Link to Comment
  • ETFs Are a Scam? I Don't Think So! [View article]
    Right on Jim! Thanks for so eloquently rebutting George's piece. And btw, if you check the comments section, after the first few congratulatory responses, he gets appropriately panned which is once again testament to the intelligence and non-gullibility of the Seeking Alpha community, by an large.
    Jun 11, 2009. 05:41 AM | 6 Likes Like |Link to Comment