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Roger Nusbaum

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  • Charlie Sheen Portfolio (Winning) [View article]
    So that obviously would be a strategic overlay. We owned BAC and sold it a day or two after the MER takeover. We never owned Fannie so I can't say what a specific trigger would have been but I do recall in 2003 Freddie having serious questions raised about its accounting which might have been a catalyst to review Fannie.

    I've written many posts over the years about sales made in client accounts including BAC. Other sales have come from negative fundamental changes (not deathblows), changes to the story, rebalancing position sizes that became too large, the story that I was buying then changing, wanting to reduce volatility in the portfolio, changes in spending patterns what would adversely affect a company and probably a few others.
    Feb 5 11:05 AM | 1 Like Like |Link to Comment
  • Charlie Sheen Portfolio (Winning) [View article]
    GE, MCD, were well below $10 billion. Exxon was around $13 billion.

    plug in any stocks you want, the point was in terms of "winning" defined as having enough (not beating the market) picking ten megacaps would likely yield a result where some would beat the market for 20 years, some would lag, one might go under and maybe one or two would do very well. Going forward for the next 20 years it is likely there would be a similar result meaning some beat, some lag, one goes under and one is a homerun. Collectively they might beat the market or not.

    In 1993 I was answering the phone at Schwab talking to a few dozen investors everyday and MSFT and INTC were common to many people.
    Feb 4 06:42 PM | 1 Like Like |Link to Comment
  • Charlie Sheen Portfolio (Winning) [View article]
    The purpose of this post was misconstrued by a few readers at my blog.

    The idea here is not the names listed looking back but instead is that if you pick ten household megacap stocks and held them or 20 years, some would outperform some would lag and one or two would be out of business and the net result could be enough when combined with an adequate savings rate irrespective of beating or lagging the market.
    Feb 4 05:26 PM | Likes Like |Link to Comment
  • ... But If I Had Been On [View article]
    you realize the post is an outline that I emailed to a producer for what would have been a four minute segment of which I might have had 60-70 seconds of speaking time.
    Jan 30 11:44 AM | Likes Like |Link to Comment
  • ... But If I Had Been On [View article]
    One guy thinks I'm a dishonest shill and the other doesn't like term equity market--yeah, sometimes you have to push back.
    Jan 30 08:30 AM | Likes Like |Link to Comment
  • ... But If I Had Been On [View article]
    Funny collection of comments, Yahoo did not pay me anything.
    Jan 28 04:57 PM | 2 Likes Like |Link to Comment
  • SPY Celebrates 20: A Look Back And Forward For ETFs [View article]
    you could plug the symbol into Morningstar and that information.
    Jan 20 06:54 PM | Likes Like |Link to Comment
  • Narrow-Based Funds Can Help Investors Get Closer To An All-Stock Portfolio [View article]
    there are funds that justify their expense ratios and funds that don't. there are plenty of nominally expensive funds that do justify their cost. Not the majority, but there are plenty.
    Jan 14 10:03 PM | Likes Like |Link to Comment
  • Narrow-Based Funds Can Help Investors Get Closer To An All-Stock Portfolio [View article]
    Note to the editor FNF is not the symbol for mutual fund company Fidelity. The mutual fund company is not publicly traded.
    Jan 13 09:47 AM | Likes Like |Link to Comment
  • Last Day Of The Year: Examining Dividends [View article]
    2013 might be a better year, yes but I don't the the fiscal cliff played much of a role for the 2012 lag. The cliff was not a front burner issue at the start of the year but the lag of DVY started immediately in the new year (meaning 2012).
    Jan 1 12:24 PM | Likes Like |Link to Comment
  • Last Day Of The Year: Examining Dividends [View article]
    David,

    Thank you for the kind word.

    As far as dividend stocks lagging, tough to say but if Seeking Alpha commentary is a barometer then certainly the space was very popular. There were also many pundits on CNBC extolling them and many other content sites the wrote frequently. Something being too popular can be reason enough for it to lag. I do think it is odd that dividends and large cap would lag so late in the cycle.

    The above are relevant now IMO but they are also answers for normal market conditions. The Fed policy (and that of many other central banks) is not now normal and could be causing some sort of distortion to how these sorts of things usually work.

    The role that dividend stocks play in a diversified portfolio is still in tact as would the role of small cap exposure had that been a group that lagged. Happy New Year!
    Jan 1 09:48 AM | Likes Like |Link to Comment
  • Last Day Of The Year: Examining Dividends [View article]
    lol, no
    Dec 31 05:54 PM | Likes Like |Link to Comment
  • New Low In Initial Jobless Claims Contraindicates Recession [View article]
    What is the normal move for jobless claims in the second half of December? It seems like they usually dip going into the holidays.
    Dec 27 12:45 PM | Likes Like |Link to Comment
  • The 100% Yield Idea Makes No Sense [View article]
    Thank you for the info, I was a little guy when this happened and just remember the Esso stations changing to Exxon.
    Dec 23 01:36 PM | Likes Like |Link to Comment
  • Roger Nusbaum Positions For 2013: Think Long Term, Invest Globally [View article]
    not sure what you are asking but we do not bill client assets held in RRGR. RRGR is held for clients where owning the underlying portfolio via stocks is not economical.
    Dec 20 05:39 PM | 1 Like Like |Link to Comment
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