User Panel
Posted: 5/5/2007 5:31:45 PM EDT
i found this online mini-HOWTO and i thought that it would be useful for folks who don't get to the bookstore or can't find amazon.com on the web ... link --> investingessentials.blogspot.com/ INTRODUCTION CHAPTER 1: The Five Essentials CHAPTER 2: Develop An Asset Allocation Plan CHAPTER 3: How Diversification Works CHAPTER 4: Diversifying A Portfolio With Asset Classes CHAPTER 5: Costs are a BIG DEAL CHAPTER 6: Building Your Portfolio - A look at the Options CHAPTER 7: Rebalancing CHAPTER 8: Formalize Your Investment Plan CHAPTER 9: On Your Own Or Hire An Advisor CHAPTER 10: Final Thoughts, References, Glossary please, please read chapter 10 and educate yourself via the books listed in the "Where to get more information" section -- the more you know, the more you'll understand, and the less you'll get fleeced. ar-jedi |
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today is my monthly investment research day! ar-jedi ps: it's disheartening that i also find stuff like this piece-o-crapola from that idiot Robert Kiyosaki of "Rich Dad Poor Dad" fame... finance.yahoo.com/expert/article/richricher/30687 there is so much stupidity in the article linked above that my fingers would fall off before i finished belittling and disproving it. oh wait, he wrote the above because he is hawking his "coaching service" --> www.richdad.com/catalog_resources/coaching/ IMHO, he should be banned from the internet. |
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yeah, that was like the worst yahoo article ever...the comments are amusing
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4 stars --> classic!
ar-jedi |
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this is where Kiyosaki should be held accountable. he actually hurts folks who believe him like that. sad. |
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an oldie but goodie -- more great stuff: Dilbert's 9 Point Unified Theory of Everything Financial:
link to more info and some thoughts on how to apply item 8 --> www.marketwatch.com/News/Story/Story.aspx?guid={BE57F0AA-03D9-4320-BC4D-83363B6372F6} ar-jedi |
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Would anybody else agree w/ me on changing (4) to "Fully fund your 401k to the employers match, anything over that fund your Roth. If Roth is fully funded, then go back and fully fund 401k" |
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yes. also, step 6 and step 7 should, in my opinion, be reversed. ar-jedi |
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here is a pile of info regarding ETF's, how to use them, how they are tax efficient. the only thing you have to keep in mind is that the author has a fairly large bias against traditional mutual funds so there is a little tilt to most of the articles. the one concept you should take away from this series of articles is the tax-efficiency advantage that ETF's offer. etf.seekingalpha.com/etfguide ar-jedi |
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I would make a counter-argument...There are significant tax advantages to home ownership. These advantages can free up cash in the form of tax rebates that make creating a 6 month emergency fund from the 2-3 month one that most people have more possible. Additionally, since rent (and costs associated with home ownership) tend to be the largest line items in the family budget, knowing your costs beforehand can give you a better idea of the requirements of the emergency fund. I'd be tickled pink if half of Americans did half the list. |
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Morningstar.com - Avoid These Four 401(k) Mistakes --> news.morningstar.com/article/article.asp?id=195533&pgid=wwhome1a ar-jedi |
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"A Bevy of Tax-Savvy ETFs" www.businessweek.com/investor/content/mar2007/pi20070315_572252.htm "Why does tax efficiency matter?" money.cnn.com/2003/09/30/pf/expert/ask_expert/ (also see this related M* conversation --> link) ar-jedi |
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why you should learn to love mid caps:
Morningstar thread --> link ar-jedi |
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I really like seeing the continual pattern of 15 1 star ratings slamming him, then a 5 star rating saying essentially "You go girl! Stick it to the man!". Hilarious. |
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here's how much of an idiot-asshole he really is... in a subsequent Yahoo column, he writes:
finance.yahoo.com/expert/article/richricher/36074;_ylt=AktRuVwNiSo..hjGQsJGzT4zt9IF so he plays off the crap found under his named column as "someone else's work" and "written in jest". totally irresponsible and completely dumb. he should be taken out to the woodshed. ar-jedi |
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Morningstar: Midyear Portfolio Checkup in Five Steps --> news.morningstar.com/articlenet/article.aspx?id=195854&pgid=wwhome1a 1. Make sure your asset mix is in line with your target. 2. X-ray your portfolio. 3. Review your individual holdings. 4. Examine performance. 5. Plan your next move. --------------- Seeking Alpha: The Seeking Alpha ETF Investing Guide --> etf.seekingalpha.com/etfguide --------------- Seeking Alpha: The 4 Criteria for Picking a Brokerage --> etf.seekingalpha.com/article/15254 some good reading for tonight. ar-jedi |
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the real estate market summarized on one page: usmarket.seekingalpha.com/article/41488 the best/worst performing ETF's for the 1st half of the year. where would you place your bets going forward? etf.seekingalpha.com/article/41469 ETF selector: etf.seekingalpha.com/article/39288 regards, ar-jedi |
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kansaskid... this is an excellent piece for you to read; ween yourself off Kyoski by spending an evening with the the following:
www.cfapubs.org/doi/pdfplus/10.2470/rf.v2007.n1.4580 ----- excellent "How to create your investment plan" from the folks at Vanguard: https://flagship.vanguard.com/VGApp/hnw/planningeducation/general/PEdGPCreateHwToCreatePlnContent.jsp nice Vanguard fund summary page: https://flagship.vanguard.com/VGApp/hnw/funds/vanguard/byname ar-jedi |
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www.forbes.com/2007/08/06/liquidity-trimtabs-outflows-pf-etf-in_tt_0806trimtabs_inl.html?partner=yahootix
summary: read the entire article. ar-jedi |
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some good new links-n-stuff: fairmark.com/forum/ www.diehards.org/forum/index.php www.efficientfrontier.com/ www.jasonzweig.com/whylisten.html <-- read this. www.jasonzweig.com/articles.php <-- and then read this! www.investorsolutions.com/v2content/book/index.cfm and of course, here is the complete summer reading list: www.diehards.org/readbooks.htm ar-jedi |
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Indeed probably a good reading, but way too many graphs and charts. Let's keep it simple! The average american definately can't comprehend that jargon, hence the reason some financial plans are written at a 7th grade reading level. Credit card companies type up their print in something like the 17th grade reading level. Have you ever read one of your credit card Terms and Conditions or interest rate Appendix?? |
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what line of work are you in again? aren't you a salesperson for a fund company? ar-jedi |
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Is a Perfect Storm About to Hit the Housing Market? (note author of this blurb) seekingalpha.com/article/46390-is-a-perfect-storm-about-to-hit-the-housing-market --- Is a Housing Crisis Developing? seekingalpha.com/article/46440-is-a-housing-crisis-developing --- Housing Bubble and Real Estate Market Tracker seekingalpha.com/article/46283-housing-bubble-and-real-estate-market-tracker ---
finance.yahoo.com/retirement/article/103412/401ks-for-the-ages:-seeing-where-you-stand ---
finance.yahoo.com/loans/article/103446/drive-your-car-to-death-save-31,000 --- Jim Wiandt's Five Favorite ETFs seekingalpha.com/article/46011-jim-wiandt-s-five-favorite-etfs Five Game-Changing ETFs seekingalpha.com/article/46415-five-game-changing-etfs --- ar-jedi |
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OST for later.
I did a little reading a while back about coffee house investing. Interesting concept when the markets get wacky like the currently are. |
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"There will always be someone predicting disaster and someone predicting great fortune. At one time or another, each will be closer to correct than the other. But it won't matter to you if you understand this and have invested responsibly. You have a long-term plan; stick with it." Peter Lynch "Everyone wants protection from the bear. But it's best to get it through diversification, not by trying to outsmart the market in a game in which the deck is stacked against the investor." C.V.Sanders, Morningstar "Transaction costs and taxes kill most active traders. That's why no market-timing letter beats buying an index fund and standing pat." Mark Hulbert "The market timer's Hall of Fame is an empty room." Jane Bryant Quinn, Author, Columnist "Market timing is an ineffective strategy for mutual Fund Investors." CDA/Wiesenberger "Nobody but nobody, has consistently guessed the direction of the bond or stock market over any meaningful length of time." John Markese, President, AAII Journal "Among the 160 or so newsletters the HFD monitors, the market timing recommendations of only 10 have beaten the stock market over the last decade on a risk-adjusted basis." Mark Hulbert 1-18-01 "Over a 12.5 year period, 224 of 237 market timing newsletters went out of business." indexfundsadvisors.com "I'm a strong advocate of buying and holding." Charles Schwab "Buy and hold is a very dull strategy. It lacks pizzazz and doesn't inspire much admiration at cocktail parties. It has only one little advantage: It works, very profitably and very consistently." Frank Armstrong, Author "For most investors the odds favor a buy-and-hold strategy." Carol Gould, New York Times "Some people in the popular press talk about 'getting into' a bull market and 'getting out of' a bear market, but it is all marketing hype." Rick Ferri, Author "Only liars manage to always be 'out' during bad times and 'in' during good times." Bernard Baruch "It must be apparent to intelligent investors who if anyone possessed the ability to do so (market-time) he would become a billionaire so quickly he would not find it necessary to sell his stock market guesses to the general public." David L. Babson, famed investor "If you buy--and then hold--a total-stock-market index fund, it is mathematically certain that you will outperform the vast majority of all other investors in the long run." Jason Zweig, Money magazine "The facts suggest that successful market timing is extroardinarily difficult to achieve." Burton Malkiel, author of Random Walk "If we haven't said it enough, we'll say it again: Market timing is dangerous." Barron's Guide to Making Investment Decisions "Don't trade in and out of funds. Stay invested.-- Not only does buy-and-hold investing offer better returns, but it's also less work." Eric Tyson, author Mutual Funds for Dummies "If I have noticed anything over these 60 years on Wall Street, is is that people do not succeed in forecasting that's going to happen to the stock market." Benjamin Graham" ar-jedi |
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+1 |
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I haven't seen kansaskid drinking Kiyosaki Kool-Aid, but for anyone who does, John Reed's analysis of Kiyosaki is an eye-opener. I read RDPD a couple of years ago based on a recommendation from a coworker. There was just something... wrong with it. I couldn't put my finger on it until I read Reed's treatise. |
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emerging market funds (e.g., BRIC) not volatile enough for you? i give you "Frontier Index Funds": indexuniverse.com/index.php?option=com_content&view=article&id=3270&Itemid=28 read and understand this part:
Price Return SPSFP Total Return SPSFT Net Return SPSFN ar-jedi |
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excellent "Hedging Market Risk" thread over on morningstar: socialize.morningstar.com/NewSocialize/forums/thread/2454777.aspx?t1=1194918824 ar-jedi |
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indexuniverse.com/index.php?option=com_content&view=article&id=3402&Itemid=30&issue= ar-jedi |
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socialize.morningstar.com/NewSocialize/forums/thread/188417.aspx ar-jedi |
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www.investmentnews.com/apps/pbcs.dll/article?AID=/20071217/REG/312170031
ar-jedi |
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i think you should re-read that article. it is from a financial services newsletter, and the gist is that an academic study found that people who invest in load funds underperform people who invest in no-load funds. not surprisingly, some folks who work in the financial services sector don't like that conclusion -- since their paychecks come from selling load funds and they would prefer that their income continue unabated.
i have no idea what you mean by this. as i have noted prior in this forum, i am an R&D (engineering) manager at a multinational telecommunications equipment company. i am not an "individual in the business", if you are implying that i am a broker, adviser, consultant, or anything else related to financial services. i think you have me confused with someone who regularly posts info without disclosure, namely that he sells the load funds he is "recommending" to forum readers. i have chastised him at least 5 times about this, and he has mostly corrected his behavior. ar-jedi |
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