The Pursuit Of Mediocrity - Fallacy Of Dollar Cost Averaging And The Abuse Of Indexing [View article]
A highly skilled investment professional should be able to generate above market returns, so the market tracking of the ETF is no longer a benefit, but a liability. Really?
Do you consider the average equity hedge fund above or below average? The average U.S. based equity hedge fund has underperformed by a total of 1450 bps, or 14.5%, over the last two years. I do not have the exact stats, but they underperformed in 2010 as well.
So, that blows a gapping whole in your etf/index market theory. And btw 9bps is .0009%, ie $90 per $100,000. That is downright cheap!
No one is underperforming for 9 bps, or 20 bps. 2% and 20%, absolutely, over time, almost all underperform! And most with meaningful assets would be well served to pay 150 bps for an advisor, although there are many here who are more than capable of self advising (although it is clear that the goal posts move whether an individual is paying an advisor or doing it themselves.)
Dollar cost averaging, i agree, isnt necc. Better, it justs makes folks more comfortable.
Btw, Loved your corr call. Do u have any other small/mid cap undervalued yield plays?
Some will call it a back down, some a bow to reality, but the Basel committee approves a far easier liquidity rule for banks than had been proposed 2 years ago. Lenders will be allowed a wider range of assets that qualify as capital buffers, a lower assumed rate of fund outflows in a crisis, and be given until 2019 (rather than 2015) to implement the new regime. [View news story]
No wonder why the xlf 'broke out' last week! This could get very interesting to the upside this week! Tremendous global teamwork as Global Fed Banks understand that banks will need some extra wiggle room as they tighten up some of the spreads, ie no more free money, or let's just start with less free money first. Smooth move by all! Hello 1500 spx!
As leaked earlier the State Department's assessment (full report) of TransCanada's (TRP) Keystone pipeline project finds little to criticize as far as environmental impact, calling it "very unlikely" any releases would affect groundwater quality. The report also doesn't see much climate impact nor "significant adverse" impact on Canada's environment. There's now a 45-day comment period and then things move to the White House. [View news story]
If keystone gets passed, who are the winners/losers from a stock standpoint? Mlp speaking.....
Oversold Linn Energy/Linn Co Could Rally On The Fiscal Cliff Deal [View article]
QRE at yday's close, 16.78 is ylding 11.62%. Is that not income? CORR @ 6.03 is ylding 7.3%, is growing revenues/earnings, and in a qtr or two might increase the divy again. Oh, and the mkt cap is only $145mln, so any kind of execution, and the stock is going higher, once the deal gets absorbed, which btw is accretive.
Line can bounce from 36.7 to 40, 9%. CORR can bounce from $6 to $9 in a year, and higher upon further execution of their model, which is 50% appreciation YIELDING 7%. BTW, CORR is looking for 71c eps before any benefits from the deal, so trading approx 11.8x vs LINE trading at 26x.
Again, please correct me if i am wrong on any of these numbers, but from both a risk/reward and outright appreciation potential, CORR is a far superior long at current levels.
Oversold Linn Energy/Linn Co Could Rally On The Fiscal Cliff Deal [View article]
Why play line/lnco when there are so many new mid/upstream plays that are not up 230% already???
QRE, cheap, recent deal, stock starting to bounce off of the $16 level. SZC sold off post IPO now starting back up, gift at $22.50 no? How about CORR @ $6? Are there not other solid plays around? I want to hear about the next 230% over the next five year opportunity, not one that will trade sideways and just pay me a dividend. Btw, whats wrong with bbep?
SunOpta: Cheap Organic Food Company With 2 Secret Ingredients [View article]
great article. question, what are capital gains taxes to USA investors with regards to Canadian stocks. I just recently found out, almost the hard way, that dividends are taxed at a 30% haircut in Canada, before I pay taxes in the USA, and I owe both. Is there a similar law w capital gains taxes? thanks.
also, what will be the catalyst, other than an IPO of the two non-core holdings, for investors to take notice of this name? 15x is not 'dirt cheap'. My concern is that metrics steadily improve, although stock doesnt move for next 2 years. Brings to mind another name, PRGO, sat idle for 14 years before finally being 'found' by investors. thx, Tim
An Update On PetroLogistics: Stay Long And Strong [View article]
Gents, Confused, just charted this name, PDH, vs nat gas, trades inversely to the commodity. Why do I want that risk with nat gas down here? Also, why would a refiner trade that way, when crude refiners trade with the commodity?
The Pursuit Of Mediocrity - Fallacy Of Dollar Cost Averaging And The Abuse Of Indexing [View article]
Really?
Do you consider the average equity hedge fund above or below average?
The average U.S. based equity hedge fund has underperformed by a total of 1450 bps, or 14.5%, over the last two years. I do not have the exact stats, but they underperformed in 2010 as well.
So, that blows a gapping whole in your etf/index market theory.
And btw 9bps is .0009%, ie $90 per $100,000. That is downright cheap!
No one is underperforming for 9 bps, or 20 bps. 2% and 20%, absolutely, over time, almost all underperform! And most with meaningful assets would be well served to pay 150 bps for an advisor, although there are many here who are more than capable of self advising (although it is clear that the goal posts move whether an individual is paying an advisor or doing it themselves.)
Dollar cost averaging, i agree, isnt necc. Better, it justs makes folks more comfortable.
Btw, Loved your corr call. Do u have any other small/mid cap undervalued yield plays?
Hedge Funds: The Most Expensive Bargain In Town [View article]
2012 SPX 13% vs avg Equity HF 5.5%.
-700bps UNDERPERFORMANCE 2011, -750bps UNDERPERFORMANCE 2012.
If you can sell -1450bps, which is 14.5% in the last TWO YEARS, alone, and justify 2/20, you my friend, are in the wrong career!
Some will call it a back down, some a bow to reality, but the Basel committee approves a far easier liquidity rule for banks than had been proposed 2 years ago. Lenders will be allowed a wider range of assets that qualify as capital buffers, a lower assumed rate of fund outflows in a crisis, and be given until 2019 (rather than 2015) to implement the new regime. [View news story]
As leaked earlier the State Department's assessment (full report) of TransCanada's (TRP) Keystone pipeline project finds little to criticize as far as environmental impact, calling it "very unlikely" any releases would affect groundwater quality. The report also doesn't see much climate impact nor "significant adverse" impact on Canada's environment. There's now a 45-day comment period and then things move to the White House. [View news story]
Fayetteville Shale: Operating Analysis, Infrastructure, Economics, Outlook [View article]
If so, please let me know, and ty!
Tim
The Seaway Pipeline Expansion Should Provide A Pop For Enterprise Products Partners [View article]
Also, who are the winners/losers from the 1st leg of the keystone coming online, again i prefer to focus on small/midcap names. Thanks
Oversold Linn Energy/Linn Co Could Rally On The Fiscal Cliff Deal [View article]
CORR @ 6.03 is ylding 7.3%, is growing revenues/earnings, and in a qtr or two might increase the divy again. Oh, and the mkt cap is only $145mln, so any kind of execution, and the stock is going higher, once the deal gets absorbed, which btw is accretive.
Line can bounce from 36.7 to 40, 9%. CORR can bounce from $6 to $9 in a year, and higher upon further execution of their model, which is 50% appreciation YIELDING 7%. BTW, CORR is looking for 71c eps before any benefits from the deal, so trading approx 11.8x vs LINE trading at 26x.
Again, please correct me if i am wrong on any of these numbers, but from both a risk/reward and outright appreciation potential, CORR is a far superior long at current levels.
Oversold Linn Energy/Linn Co Could Rally On The Fiscal Cliff Deal [View article]
QRE, cheap, recent deal, stock starting to bounce off of the $16 level. SZC sold off post IPO now starting back up, gift at $22.50 no? How about CORR @ $6? Are there not other solid plays around?
I want to hear about the next 230% over the next five year opportunity, not one that will trade sideways and just pay me a dividend.
Btw, whats wrong with bbep?
SunOpta: Cheap Organic Food Company With 2 Secret Ingredients [View article]
thanks.
also, what will be the catalyst, other than an IPO of the two non-core holdings, for investors to take notice of this name? 15x is not 'dirt cheap'. My concern is that metrics steadily improve, although stock doesnt move for next 2 years. Brings to mind another name, PRGO, sat idle for 14 years before finally being 'found' by investors.
thx,
Tim
Alerian MLP ETF: Short-Term Headwinds Don't Undermine Long-Term Growth Prospects [View article]
Cabot Oil & Gas: 'Quiet' Press Release Conceals Catalysts [View article]
Sandridge Could Be Further Negatively Impacted By Poor Trust Well Performance [View article]
Sandridge Could Be Further Negatively Impacted By Poor Trust Well Performance [View article]
An Update On PetroLogistics: Stay Long And Strong [View article]
Confused, just charted this name, PDH, vs nat gas, trades inversely to the commodity. Why do I want that risk with nat gas down here?
Also, why would a refiner trade that way, when crude refiners trade with the commodity?
With A 12% Yield, QR Energy Is On Sale [View article]
What you folks think of LRE, EROC, & CMLP?