September 2, 2009 – 6:02 am
Dow Jones is reporting that investors in exchange traded funds (ETFs) that use leverage to achieve 2x and 3x of certain indices and inverse ETFs, funds that attempt to perform -1x certain index, are going to face higher margin requirements in the months to come.
In an article published yesterday, Ian Salisbury of Dow Jones [...]
August 30, 2009 – 7:02 am
For kicks, I just did a small test last week. I created a portfolio of the most bought stocks on Covestor over the last month and wanted to compare how well these picks perform versus the greater market, say the S&P 500.
Results were interesting and a bit misleading (a nice sample set of the most [...]
August 24, 2009 – 6:48 am
It’s a little to early to auger the demise of the investment bank research department. Yes, they’ve lost their prestige and their ability to move stocks like butter. Yes, independent, buy-side research firm Gerson Lehrman is rockin’. Yes, we’re even beginning to see the early stages of free, collaborative research take hold here and here.
But [...]
By New Rules of Investing
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Posted in Research, Stock market
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Also tagged bank, broker, compliance, economy, financial advisors, financial reporting, Goldman Sachs, industry news, investment research, trading
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August 23, 2009 – 7:09 am
Really nice article at Can Turtles Fly? entitled, “Charlie Munger: Stock market as a pari-mutuel betting system“. The ultimate market commentator/psychologist, the post quotes Berkshire’s Munger and his core tenets on investing, culled mostly from an undated speech, “The Art of Stock Picking.” Beyond being a really interesting read, the speech details Munger’s proposition that [...]
By New Rules of Investing
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Posted in Uncategorized
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Also tagged adjustable rate securities, berkshire hathaway, broker, buffett, financial reporting, industry news, interview, investing, munger, schwab, value investing
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August 23, 2009 – 7:09 am
Really nice article at Can Turtles Fly? entitled, “Charlie Munger: Stock market as a pari-mutuel betting system“. The ultimate market commentator/psychologist, the post quotes Berkshire’s Munger and his core tenets on investing, culled mostly from an undated speech, “The Art of Stock Picking.” Beyond being a really interesting read, the speech details Munger’s proposition that [...]
By New Rules of Investing
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Posted in Uncategorized
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Also tagged adjustable rate securities, berkshire hathaway, broker, buffett, financial reporting, industry news, interview, investing, munger, schwab, value investing
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August 20, 2009 – 8:43 am
Walt Mossberg is out today with a review of a new service being launched by Cake Financial, called Cake Premium.
I’ve written about Cake previously here and am generally impressed with all they are doing. As opposed to expert communities like Covestor or kaching which try to make you a better investor by aping others, Cake [...]
By New Rules of Investing
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Posted in Research
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Also tagged analytics, broker, cake financial, cake premium, financial reporting, internet, investment site, mutual fund, mutual funds, new rules, retirement planning, walt mossberg
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August 20, 2009 – 6:03 am
Many portfolio managers I speak to effectively sidestep the worst of the crunch last year up until early March. That doesn’t mean they weren’t down — they moved big time into cash. Even though, they’ve been pessimistic and shaved down their exposure to stocks, they kept much of that exposure and have seen portfolios benefit [...]
August 19, 2009 – 6:30 am
Interesting meme going around launched by an article in the Atlantic, entitled “What Would Warren Do?“. Megan McArdle raises some good points and the article and it’s worth a read.
Specifically, McArdle raises a couple salient issues:
Inability to distill Buffett investing into systematic approach: As opposed to a more purely arithmetic approach that Graham espoused, Buffett [...]
Some practical thoughts on asset allocation (The Aleph Blog)
Who’s your investment co-pilot? (Abnormal Returns)
Sneaky overdraft fees, a “courtesy” from banks, are the mother lod of deposit fees. (USA Today)
By using the higher number for the earlier period, Prof. Siegel appears to have raised his estimate of the rate of return for the entire period by [...]
