PowerShares Autonomic Balanced NFA Global Asset Portfolio ETF (PCA)
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PCA Forum Topics
- All Comments on PCA
- General Discussion on PCA
- ETF Update: Fund of Fund ETFs, Steel, Oil and Gas [view article]
- Most Heavily Shorted ETFs [view article]
- 20 Guidelines for the Individual Investor [view article]
- A Look at New Asset Allocation and Hedged Equity ETFs [view article]
- PowerShares' Latest Concept: ETFs of ETFs [view article]
- Why ETF-Squareds Are a Bad Investment [view article]
- The ETF-Squared: It Reallocates For You [view article]
- Who's Afraid of the Bear Market? [view article]
loading ...Recent PCA Articles
- ETF Update: Fund of Fund ETFs, Steel, Oil and Gas
- Most Heavily Shorted ETFs
- A Look at New Asset Allocation and Hedged Equity ETFs
- 20 Guidelines for the Individual Investor
- ETF Watch: New Listings (May 15-22)
- Why ETF-Squareds Are a Bad Investment
- ETF Update: Actively Managed ETFs, and ETFs of ETFs
- The ETF-Squared: It Reallocates For You
- PowerShares' Latest Concept: ETFs of ETFs
- Who's Afraid of the Bear Market?
- Full List of Articles »
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ETF Update: Fund of Fund ETFs, Steel, Oil and Gas [view article]
I suspect Tom knows much more than you or most people about the subject. He writes to inform a number of us that have for whatever reason not wanted to go the very narrow route you have taken. His diverse information gives us a much needed bit of general information to help point the way. Replyssen
ETF Update: Fund of Fund ETFs, Steel, Oil and Gas [view article]
Why you are obsessed with ETF's that are stealing your money on bid/ask,expense ratios.Instead buying ETF's just buy Exxon or BP and sit there,this stocks don't have small market makers as ETF's do and their daily volume is few of billions of $£.
Or learn to trade futures,it takes long time,it is true,it took me 8-10 years to learn,but today I don't trade even a single stock,all I need I get in futures markets. Reply
Most Heavily Shorted ETFs [view article]
If a short squeeze started to develop in an ETF, wouldn't an institutional invester simply deposit a large amount of money and "create" a large number of new shares? That should collapse the squeeze. ReplyMost Heavily Shorted ETFs [view article]
6 times outstanding shares? Wow.Those the buying and selling of these ETFs actually impact the price of the underlying index somehow? Does a short squeeze in the ETFs entail a short squeeze in all stocks represented by the ETF? Reply
20 Guidelines for the Individual Investor [view article]
Check out this article about sectors making breaks right now- might be useful for investors and traders (sorry couldn't help but notice the fight on this board) alike. www.greenfaucet.com/tr...Quite frankly, I'm amazed that this articles author's analysis pointed to airlines, hotels, and leisure products as the sub-sectors that will make a break next week.. check it out. Reply
20 Guidelines for the Individual Investor [view article]
I like the article especially in this speculative period. ReplyA Look at New Asset Allocation and Hedged Equity ETFs [view article]
New asset allocation strategy? Don’t drink the punch! There is nothing new about this asset allocation strategy or methodology; nor is this quantitative based. First, Funds of ETF’s exist, there is nothing unique about an asset allocation fund of ETF’s. Second, New Frontier Advisors, the distribution arm of Nothfield, does not use a quant model to come up with their solution. It’s built on the same platform as all the other archaic asset allocation solutions designed in the 1950’s; what you call Mean Variance Optimization (MVO), Modern Portfolio Theory (MPT), and in some cases its updated versions called Black-Litterman Model (BLM) and Arbitrage Pricing Theory APT), such as you will find in the software offered by Zyphyr Associates.Third, the methodology of resampling was developed by Richard Michaud in 1999 and adds little, if any, value to a generic asset allocation model. It only serves to average efficient frontiers that are based on averages (maybe the fund should be called the average of averages). MVO-Resampling works in 3 steps like this:
Step 1: a) Estimate returns, risk (using standard deviation) and dependency (linear correlation) for a set of assets using historical data. b) Run a Monte Carlo simulation to create a new data set. Calculate the return, risk and the dependency of the new data set.
Step 2: Create an efficient frontier using the new inputs. (Repeat steps 2 and 3 500 times).
Step 3: Calculate the average allocations to the assets for a set of predetermined return
intervals. This is the new efficient frontier (Oh yes, slap a U.S. Patent #6,003,018 on this methodology to make it look new).
In New Frontier’s whitepaper they highlight the ‘Fallacies of Mean-Variance’, yet they still rely on it. Why put a band-aid on a broken model? The REAL NEW STUFF is called Extreme Value Theory (EVT) and firms using this methodology have significantly out-performed your average of averages model. EVT is based on Noble Prize winning concepts from this millennium (2002), not from Markowitz’s work from 1952 & 59’ (yes, 50 years ago). Phillip Anderson, another recent Nobel Laureate in Physics, states “Much of the real world is controlled as much by the “tails” of distributions as by means or averages: by the exceptional, not the mean; by the catastrophe, not the steady drip.” “We need to free ourselves from “average” thinking”. In summary, it’s better than doing nothing…….in a rising market. These models suggest you will earn 10% a year based on 80 years of historical data; the average over that time frame. Note the domestic market is down for the past 10 years; so much for being average.
Reply
A Look at New Asset Allocation and Hedged Equity ETFs [view article]
I own the JFT ETN - it's down a little right now, but the performance has been great and I get access to a basic hedge fund strategy without having to do anything myself.There's even an ETF for private equity now - I think it's PSP. Worth a look if you're in to hedge-fund-like strategies. Reply
20 Guidelines for the Individual Investor [view article]
Re:fxtrader I too am an invester not a day trader but I still employ day trader techniques when buying & selling for that last little advantage. ReplyA Look at New Asset Allocation and Hedged Equity ETFs [view article]
it looks like they have added outside funds, in PTO as of July 10th:iShares MSCI Emerging Markets Index Fund 4.63%
Vanguard ETF Emerging Markets 4.60%
Reply
20 Guidelines for the Individual Investor [view article]
I'm sure Mr. Gorski is assuming us readers would apply a certain amount of common sense to these suggestions, and not necessarily follow them literally. Quibble if it makes you feel better, but the fact remains that this article touches on many company/stock events that do effect a stock's price and oftentimes the response the writer is suggesting will make you money. Most articles like this assume that a serious investor will always do her or his homework. Personally, I don't need this stated to me in every investment article I read. Do you? Reply20 Guidelines for the Individual Investor [view article]
Well put Bowman 711, well put. You are an individual of great intellectual reserves. The beauty behind the whole process, Gorski is free to write, and all are free to critique. Could you think of any other country you would want to live? Let the stocks market rise and all we will all be happy, unless you are selling short. Reply2
20 Guidelines for the Individual Investor [view article]
Can't we all just get along? Reply20 Guidelines for the Individual Investor [view article]
Re POT: Fast Money held a CEO conference update on the AG sector stocks. The CEO's they interviewed all stated that the fertilizer growth scenario will continue for the near term foreseeable future (the next year at least). They saw no definite end to this growth cycle for AG companies. A lot of people will have seen this video by now. POT should move upward today (and possibly for several days) barring a market meltdown. Reply20 Guidelines for the Individual Investor [view article]
the proper headline for this article was ' 20 guidelines for the individual trader'. almost none of these 'rules' has anything to do with investing but all the more with short-term price movements.Reply