In A Post Flash-Crash World, No One Should Use Trailing Stops [View article]
it may be something of an asinine position but i don't like being invested in any corporation which i have to be tethered to my broker to prevent unwanted trades from occurring. that is not to say there may not be a place for stop-orders or limit-orders. i mostly use the latter to catch buys on things i've been waiting for a market correction to add to holdings.
in other words, i try to ignore the need to daily manage my holdings. if i invest in a corporation, it generally means i'm committing myself to a minimum 5-year holding period unless something alters the investment thesis (like i didn't do adequate due diligence or something has materially changed the business prospects).
my two cents and my added kudos for another fine TM-j article!
i like it! any investment 'strategy' can be cited for 'flaws' depending on one's investment thesis. i like your stream of articles because they touch ... and cause (for me, at least) reflection ... upon where different strategies have relative strength and weakness.
reminds me of the old days teaching martial arts . . .
6 Lessons Learned From Up And Down Markets [View article]
i can't anything meaningful to the comments but that you are reflecting many my own hard-earned lessons over the time period specified. i really appreciate your writing!
my growing problem with WF (through which i bank, have my brokerage accounts and have owned shares for something on the order of 23 years -- as memory serves and in the interest of qualifying my subsequent comments) is this:
they are now going down the same path as other banks in cutting out or charging for formerly free services -- which is what got and kept them the same customers over the last two decades and a half.
currently, i'm grandfathered in (partially because i've been banking there so long but mostly because of the amount of money i have in their system) but both my sons are leaving because they are now charging excessive fees to their lower-mezzanine customers instead of striving for loyalty through superior service.
that model doesn't work in the long run, imo. so, if they start making noises about changing my rates, it'll be "Hasta la vista, baby".....
The Most Misleading Words In Investing: You Can't Go Broke Taking A Profit [View article]
hmmm. your opening statements, mr. mulgaonkar, seem curiously confused, if not actually erroneous, and leaning to the slightly pedantic. to make the argument that tim is making an 'ex-post . . .a priori' seems incongruous when 'ex-post' is a non-standard, possibly incorrect and certainly confusing term for one of several different possible logical fallacies (your reference, not necessarily fallacies within tim's article) and where 'a priori' means knowledge or justification which is independent of experience . . . which hardly applies in the those arguments presented therein.
this seems to significantly degrade the remainder of your apparent argument which further suffers from a lack of distinction between logic and reason -- which are two different things. perhaps you should write your own article(s) should you wish to convince others of your alleged superior knowledge. until then, i think tim has made a much better argument in terms of both clarity and facts than you.
Why Passive Index Investing Is Merely An Illusion [View article]
all index investing will suffer, more or less, from the same problems. it is an irrelevancy to associated with 'slide-rules and no computers'. the math is still the math, regardless.
Why Passive Index Investing Is Merely An Illusion [View article]
personally, i think it's a great eye-opener to those who assume that the word 'index' means some form of neutrality and, hence, less 'risk' (a word whose definition is problematic, to say the least).
mathematics is a tool. like any tool, it can be abused in the hands of those whose agenda is less than transparent. so, the conclusions here shouldn't come as a surprise . . . but the reminder conveys a necessary warning which should always be borne in mind.
Conservative Dividend Investors Have 3 Options Right Now [View article]
another aspect for me is involves a variation on the 'portfolio balancing' scenario often talked about. all my portfolios now have all the stocks in them (in terms of numbers of companies associated with the portfolio's investment thesis). so, in that sense, i'm 'fully-invested'; what i want to do from here is accrue more shares of those companies i already hold -- i'm not interested (much) in finding new things to throw money at.
so the amounts i invest varies according to the values i see in those companies and the general financial information setting up expectation for future performance. right now, cash is slowly building up as i see fewer values. i keep nibbling at important core stock holdings to expand them but i'm holding some cash back to throw at them when the next correction shoots through.
meanwhile, the remaining 'growth' stocks are being gradually sold off (except for a few favorites) and the money re-deployed into DGIs. so, if i end up with too much cash doing nothing, i bite the bullet and make bigger purchases of those holdings which over the best value expectations.
and i have no idea why i felt compelled to write that all out . . . .
In A Post Flash-Crash World, No One Should Use Trailing Stops [View article]
in other words, i try to ignore the need to daily manage my holdings. if i invest in a corporation, it generally means i'm committing myself to a minimum 5-year holding period unless something alters the investment thesis (like i didn't do adequate due diligence or something has materially changed the business prospects).
my two cents and my added kudos for another fine TM-j article!
Your Portfolio Can Be All American [View article]
reminds me of the old days teaching martial arts . . .
Dripping Works: A Real-World Example [View article]
6 Lessons Learned From Up And Down Markets [View article]
My 5 Points For Managing My Retirement Investing Behavior [View article]
Should You Invest In Wells Fargo? [View article]
my growing problem with WF (through which i bank, have my brokerage accounts and have owned shares for something on the order of 23 years -- as memory serves and in the interest of qualifying my subsequent comments) is this:
they are now going down the same path as other banks in cutting out or charging for formerly free services -- which is what got and kept them the same customers over the last two decades and a half.
currently, i'm grandfathered in (partially because i've been banking there so long but mostly because of the amount of money i have in their system) but both my sons are leaving because they are now charging excessive fees to their lower-mezzanine customers instead of striving for loyalty through superior service.
that model doesn't work in the long run, imo. so, if they start making noises about changing my rates, it'll be "Hasta la vista, baby".....
Clorox Hikes Dividend, But Is It A Buy At Current Levels? [View article]
The Most Misleading Words In Investing: You Can't Go Broke Taking A Profit [View article]
this seems to significantly degrade the remainder of your apparent argument which further suffers from a lack of distinction between logic and reason -- which are two different things. perhaps you should write your own article(s) should you wish to convince others of your alleged superior knowledge. until then, i think tim has made a much better argument in terms of both clarity and facts than you.
Why Passive Index Investing Is Merely An Illusion [View article]
The Most Misleading Words In Investing: You Can't Go Broke Taking A Profit [View article]
PennantPark Investment: Is It Still Good? [View article]
International Dividend Growers: Australia Edition [View article]
Why Passive Index Investing Is Merely An Illusion [View article]
mathematics is a tool. like any tool, it can be abused in the hands of those whose agenda is less than transparent. so, the conclusions here shouldn't come as a surprise . . . but the reminder conveys a necessary warning which should always be borne in mind.
thanks, tim!
This Undervalued Dividend Stock Just Announced Record Earnings [View article]
Conservative Dividend Investors Have 3 Options Right Now [View article]
so the amounts i invest varies according to the values i see in those companies and the general financial information setting up expectation for future performance. right now, cash is slowly building up as i see fewer values. i keep nibbling at important core stock holdings to expand them but i'm holding some cash back to throw at them when the next correction shoots through.
meanwhile, the remaining 'growth' stocks are being gradually sold off (except for a few favorites) and the money re-deployed into DGIs. so, if i end up with too much cash doing nothing, i bite the bullet and make bigger purchases of those holdings which over the best value expectations.
and i have no idea why i felt compelled to write that all out . . . .