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giorgiolb

giorgiolb
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  • How Much Bond Duration Could You Endure? [View article]
    Extreme,

    People can have various opinions about bonds, but I'm glad to see there's some consensus on the danger of bond funds.
    Jul 17, 2015. 03:00 PM | 2 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    WSD,

    Granted, all bonds aren't created equal, but on the other hand, the Fed is the ultimate great equalizer.

    Don't fight the Fed. (I read that somewhere...)
    Jul 17, 2015. 02:58 PM | 2 Likes Like |Link to Comment
  • DGI Beats Indexing; What Beats DGI? [View article]
    "There is a lot of shouting down on these DGI threads."

    Here and elsewhere. When it comes to investments, there's a lot of chest thumping. Everyone thinks their way is superior.
    Jul 17, 2015. 01:19 PM | 5 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    "As bonds with 5 to 10 year maturities move closer to maturity they are priced as shorter term bonds and their prices can increase."

    Bonds will move towards par as they approach maturity.
    Jul 17, 2015. 12:44 PM | 2 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    ""The only thing that will cure them is the next bear market, when they'll discover, "Oh, so *that's* where the hook was.""

    Who will the next bear market in bonds cure? There's no magical protective ability in any investment. Everything has its own hook.
    Jul 17, 2015. 12:26 PM | 4 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    "What should one do at UNreasonable valuations, then? Hold?"

    Depends on your market strategy.
    Jul 17, 2015. 12:21 PM | 2 Likes Like |Link to Comment
  • Why Total Return Is Like Trying To Add Apples And Bananas [View article]
    "How much more is the question. Will they provide a higher total return than
    the S&P500(SPY)? I doubt it."

    20 years ago people doubted Philip Morris would still be in business today. I'm glad I didn't listen to them.
    Jul 17, 2015. 11:47 AM | 4 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    Psycho,

    "So many people are going to lose more money by investing in strategies that did well in 2008-9. "

    Yep. The Fed was frantically dropping interest rates back then. That won't happen going forward.
    Jul 17, 2015. 11:15 AM | 3 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    "I guess the moral of the story is don't take bond advice from a guy who sells an equity valuation tool terribly seriously. "

    That's why I don't take stock advice from advisors who've never bought a stock. Same with options.
    Jul 17, 2015. 11:06 AM | 3 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    Bob,

    No problem. These dead horses are what makes a market.
    Jul 17, 2015. 10:58 AM | 2 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    Bob,

    I'm not trying to predict anything. I'm saying the risk of something happening is greater than the risk of something else happening.

    If I owned bonds (which I don't) and sold them all down here in anticipation of some future event which may or may not occur, then that (in my opinion) would be timing.

    Perhaps we're just talking about semantics or degrees of difference. Many of us assess risk in all our individual decisions.

    I consider market timing to be more of a larger-scale attempt to catch market tops and bottoms, rather than a prudent paring or scaling back of assets when the risk levels are deemed too high.
    Jul 17, 2015. 01:25 AM | 4 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    Bob,

    "aren't you using economic data and/or technical indicators to come to that conclusion?"

    The economic data doesn't seem to support a rise, and the technicals aren't important I'm using risk/reward. After 6 years of ZIRP, and a Fed that seems inclined to raise rates, the risk right here isn't worth it to me.
    Jul 17, 2015. 12:54 AM | 4 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    Varan,

    Wow, that might be a record for the longest sentence.
    Jul 17, 2015. 12:08 AM | 11 Likes Like |Link to Comment
  • How Much Bond Duration Could You Endure? [View article]
    Bob,

    Here's what investopedia says:

    Market Timing:

    1. The act of attempting to predict the future direction of the market, typically through the use of technical indicators or economic data.

    2. The practice of switching among mutual fund asset classes in an attempt to profit from the changes in their market outlook.

    Now let me ask you a question. Do you think it's a great time to buy bonds and/or other interest-rate sensitive instruments?
    Jul 17, 2015. 12:05 AM | 9 Likes Like |Link to Comment
  • DGI Beats Indexing; What Beats DGI? [View article]
    WSD,

    People are free to spend their money however and wherever they wish.

    I do my own taxes, but pay to have my car serviced.

    I'll fix a broken toilet, but hire an electrician to rewire my basement.

    I manage my own investments, but wouldn't dream of operating on my appendix.

    People have difference competencies. If you can, do. If you can't, then don't.

    What I don't understand is why someone comes to a website mainly geared towards stocks and does the chicken little routine.

    We've all seen the common theme in all your comments. You don't like stock picking and think low-coast index funds are superior. We get it.

    My real question is what do you hope to gain? What's your end game here?
    Jul 16, 2015. 11:45 PM | 7 Likes Like |Link to Comment
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