Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
DV
I will let other people weigh in here as I have to travel for a while but I also forgot that you cannot manage your tax events very well in the Index funds.
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
DV
OK here is more:
1. When you buy an index you buy the slow moving dogs, companies going bankrupt as well as the growth and turn around companies. Why not just buy the best? 2. When you buy an index you really buy the performance of the largest companies in the index which really drive the index. In the case of the Nasdaq why not just buy Apple? 3. Since 2000 if you invested in the S&P 500 index you are down in nominal terms and signficantly in real terms. You would be much farther ahead by just buying CD's. 4. The risk weighted return is just not worth it. Or you could use VAR and then ask yourself what is the risk? You have no idea when in an index. 5. Comparing an index against the professional fund managers is often just comparing apples to apples with different packaging. Many of them just put the money to work and churn and burn clients. Any fund manager that can actually manage risk weighted return however may be worth their salt. 6. Index funds sell the idea that you can invest and forget about it. And they lull people to sleep that they have nothing to manage. The US is driving inflation now and depreciating our currency. Perhaps we go broke. But apparently people in index funds will be OK? If you take the other approach and say "no you have to manage" then why bother with index funds? 7. Index funds are just another sales pitch to give me your money and it will be optimzed but if something goes wrong it is not my fault because it is an index fund. 8. Finally index funds really only buy companies that are mature and then go public which often means the best growth years of the company are behind it. Smart money is not spending a lot of time in the index companies they are selling by that point. 9 - 20. Please add.
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
deer
Where is Jon Corzine? I appreciate your insistence on making this slug surface to take the heat he deserves. Maybe this is the new Where's Waldo?
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
Index funds are a joke for investors also. End of story.
As concerns grows on the economic front, former Council of Economic Advisers Chairman Martin Feldstein says the dangers are all too real. We're stumbling along right now, Feldstein says, and the folks forecasting 3% growth are far too optimistic. "We'll be lucky if we have 2%." As for the "economic cliff" we're facing in 2013, if everything that's due to expire expires, it will in fact be an economic disaster. (video) [View news story]
Some day we may look back on this slow motion crash as good days.
As concerns grows on the economic front, former Council of Economic Advisers Chairman Martin Feldstein says the dangers are all too real. We're stumbling along right now, Feldstein says, and the folks forecasting 3% growth are far too optimistic. "We'll be lucky if we have 2%." As for the "economic cliff" we're facing in 2013, if everything that's due to expire expires, it will in fact be an economic disaster. (video) [View news story]
I agree with the comment that 3/4ths of people now simply ignore the news. What impact does one have anyways on it? I don't believe that it is the troika mentioned however although they are big players. What is even larger is dollars for votes so they government is as dysfunctional as ever from multiple perspectives. Both parties are corrupt.
Agree the federal government needs to be cut down to size. And state governments should shoulder more responsibility.
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
Soros is probably shorting government bonds at the same time he lays up those pearls of wisdom.
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
From what I have seen Germany has a large amount of trade with the rest of the EU so letting it sink is a problem for them. No easy roads from here it appears.
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
TA
Hilarious comment. Now if only we were in the EU then we would be in the same boat.
Reminds me of the movie Money Ball where the GM trades an All Star player because he was making the rest of the team look bad......LOL.
Big U.S. multinationals are holding at least 60% of their cash offshore - ~$588B - with some keeping nearly all of their corporate cash balances in foreign accounts, according to a J.P. Morgan study. Apple (AAPL) had the most at $74B, or 67% of its total cash holdings; as a percentage of total cash, MSFT, CSCO and HPQ held 89% or more of their cash overseas. [View news story]
Tax avoidance is a best practice. Warren Buffet, who people fawn over unnecessarily IMO, recently said in an interview that he would "encourage everyone to take advantage of the tax break" he took when putting his wealth in a charity. It is worth pointing out that Americans in aggregate give much more than WB in taxes and charitable contributions so they should really get the publicity and respect not WB.
Tax evasion on the other hand is worthy of a jail term as that is breaking the law.
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
DV
You need a lesson in what is factual and what is presumption and rumour. And you have no idea what era I am from or whether or not I read the WSJ. Or maybe I work for them?
Your simplistic number analysis is also not compelling and along with your debt point makes you look very inexperienced in this sector.
And you don't see the relationship between JPMC and the sector so I can only conclude you are inexperienced and don't know what you are talking about, have an axe to grind or a market position you are trying to protect. And if that is the case why be objective and truly analytical?
I have no positions in JPMC or any bank for that matter by the way.
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
Yeah and let's spread a rumour about Exxon going out of business while we are at it.
If you really know what you were talking about you would not just be talking about JPMC going down but rather the whole sector along with the US economy.
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
So how do you quantify leverage if you cannot see the contracts?
Appreciate the concern but what are you looking at since they don't report these contracts?
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
If you believe the B/S is leveraged why at 100X? Why not 123X or 78X?
You are guessing but I do appreciate the the concern about anything off the B/S.
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
I will let other people weigh in here as I have to travel for a while but I also forgot that you cannot manage your tax events very well in the Index funds.
More later.
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
OK here is more:
1. When you buy an index you buy the slow moving dogs, companies going bankrupt as well as the growth and turn around companies. Why not just buy the best?
2. When you buy an index you really buy the performance of the largest companies in the index which really drive the index. In the case of the Nasdaq why not just buy Apple?
3. Since 2000 if you invested in the S&P 500 index you are down in nominal terms and signficantly in real terms. You would be much farther ahead by just buying CD's.
4. The risk weighted return is just not worth it. Or you could use VAR and then ask yourself what is the risk? You have no idea when in an index.
5. Comparing an index against the professional fund managers is often just comparing apples to apples with different packaging. Many of them just put the money to work and churn and burn clients. Any fund manager that can actually manage risk weighted return however may be worth their salt.
6. Index funds sell the idea that you can invest and forget about it. And they lull people to sleep that they have nothing to manage. The US is driving inflation now and depreciating our currency. Perhaps we go broke. But apparently people in index funds will be OK? If you take the other approach and say "no you have to manage" then why bother with index funds?
7. Index funds are just another sales pitch to give me your money and it will be optimzed but if something goes wrong it is not my fault because it is an index fund.
8. Finally index funds really only buy companies that are mature and then go public which often means the best growth years of the company are behind it. Smart money is not spending a lot of time in the index companies they are selling by that point.
9 - 20. Please add.
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
Where is Jon Corzine? I appreciate your insistence on making this slug surface to take the heat he deserves. Maybe this is the new Where's Waldo?
He is probably raising money for Obama right now.
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
Do I have to write more?
As concerns grows on the economic front, former Council of Economic Advisers Chairman Martin Feldstein says the dangers are all too real. We're stumbling along right now, Feldstein says, and the folks forecasting 3% growth are far too optimistic. "We'll be lucky if we have 2%." As for the "economic cliff" we're facing in 2013, if everything that's due to expire expires, it will in fact be an economic disaster. (video) [View news story]
As concerns grows on the economic front, former Council of Economic Advisers Chairman Martin Feldstein says the dangers are all too real. We're stumbling along right now, Feldstein says, and the folks forecasting 3% growth are far too optimistic. "We'll be lucky if we have 2%." As for the "economic cliff" we're facing in 2013, if everything that's due to expire expires, it will in fact be an economic disaster. (video) [View news story]
Agree the federal government needs to be cut down to size. And state governments should shoulder more responsibility.
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
Hilarious comment. Now if only we were in the EU then we would be in the same boat.
Reminds me of the movie Money Ball where the GM trades an All Star player because he was making the rest of the team look bad......LOL.
Big U.S. multinationals are holding at least 60% of their cash offshore - ~$588B - with some keeping nearly all of their corporate cash balances in foreign accounts, according to a J.P. Morgan study. Apple (AAPL) had the most at $74B, or 67% of its total cash holdings; as a percentage of total cash, MSFT, CSCO and HPQ held 89% or more of their cash overseas. [View news story]
Tax evasion on the other hand is worthy of a jail term as that is breaking the law.
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
You need a lesson in what is factual and what is presumption and rumour. And you have no idea what era I am from or whether or not I read the WSJ. Or maybe I work for them?
Your simplistic number analysis is also not compelling and along with your debt point makes you look very inexperienced in this sector.
And you don't see the relationship between JPMC and the sector so I can only conclude you are inexperienced and don't know what you are talking about, have an axe to grind or a market position you are trying to protect. And if that is the case why be objective and truly analytical?
I have no positions in JPMC or any bank for that matter by the way.
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
If you really know what you were talking about you would not just be talking about JPMC going down but rather the whole sector along with the US economy.
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
Appreciate the concern but what are you looking at since they don't report these contracts?
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays. [View news story]
You are guessing but I do appreciate the the concern about anything off the B/S.