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giorgiolb

giorgiolb
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  • 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
  • DGI Beats Indexing; What Beats DGI? [View article]
    WSD,

    "Penny wise, pound foolish. "

    Said by the guy advocating low-expense index funds?


    "I would gladly pay DFA's fund management fees if I could skip the advisor kicker fee."

    " I'm not like some cheapskate who demands everything for free because he was traumatized by some bad toilet training as a baby. I'm happy to pay worthwhile financial professionals. The great ones are worth every dollar and then some."

    Sorry about your childhood trauma.

    But... those two paragraphs appear to say two different things.

    In the first you said you won't pay the miserly DFA advisory fee.

    And in the second you said you're happy to pay worthwhile financial professionals.

    The reasonable inference is that you don't believe advisors who sell the "cultish" DFA funds are worthwhile. Sound about right?
    Jul 16, 2015. 11:14 PM | 4 Likes Like |Link to Comment
  • Income Investing, Picking Stocks And Uncertainty [View article]
    WSD,

    That's nice. How badly did your club do?
    Jul 16, 2015. 10:57 PM | 2 Likes Like |Link to Comment
  • Why Total Return Is Like Trying To Add Apples And Bananas [View article]
    Miz

    My parents wouldn't kick us out, but they did demand I go to college. Dad bought me a beater car for $500 to get back and forth to school. and they paid my tuition for the first year or two. After that I was on my own.
    Jul 16, 2015. 10:49 PM | 1 Like Like |Link to Comment
  • DGI Beats Indexing; What Beats DGI? [View article]
    WSD,

    "The DGI defenders of the throne are hostile to professional advisors who charge 1-1.5% in fees for funds that have outperformed the broad market for decades with relatively high tax efficiency."

    Which funds outperformed the broad market for decades? Most funds underperform according to all your academic studies.

    Add on the advisory fees and you not only underperformed, but did so quite badly. And all for a bargain price of 1.25% per year. That's $6250 for a few hours work per year on a $500k portfolio. What a deal.
    Jul 16, 2015. 10:13 PM | 4 Likes Like |Link to Comment
  • Income Investing, Picking Stocks And Uncertainty [View article]
    Bruce,

    "I periodically am 'assulted' by those who are argumentative for no apparent constructive reason, who pick on fine points without any objective rationale and who want to perpetuate arguments for no reason other than to be annoying."

    Or some have other agendas.
    Jul 16, 2015. 09:57 PM | 3 Likes Like |Link to Comment
  • Income Investing, Picking Stocks And Uncertainty [View article]
    "I am providing my commentary for free. "

    We get what we pay for.
    Jul 16, 2015. 09:52 PM | 3 Likes Like |Link to Comment
  • Income Investing, Picking Stocks And Uncertainty [View article]
    "An academic sturdy showed that 60% of investment clubs underperformed the broad market in the period studied."

    Which means 40% outperformed.

    40% sounds like a good deal more than the erroneous or misleading claims that almost nobody beats the market.

    Zing!
    Jul 16, 2015. 09:47 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
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