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9 comments:
I have about 2% in the BRIC, EEB; and 2% in EWA (Australia). That is the extent of my direct holdings in individual countries. (I like the dividend in EWA)
Roger, do you think that our resident kill-joy, Alan Greenspan is right about China? Or is he really secret a hedge fund manager now who is shorting the market and looking for a quick kill? You know; trying to hurry up the inevitable?
And have you ever heard him say anything good about any particular stock market?
A market with many participants who have never been involved with stocks before trading in a market that has tripled in 18 months could decline some vague magnitude?
I'm not really sure his comments are even newsworthy.
I tend to think comments from someone like him can move markets for about a day--no fundamental signficance not not much in the way of fear/greed significance either in my opinion.
Far be it from me to sound paranoid or anything, but Uncle Al works for Pimco and his employer wants you in bonds.
your sentiment and thinking are correct. my reaction is to say that it has been a while since Gross has been correct publicly with a big call, a lot of people think when he speaks publicly, Gross is just talking his book. If that notion ever sticks to Greenspan then his clout would fade as well.
Roger,
I've noticed for sometime that you seem to really limit your investments to 2-4% on any one item. Is this really a good strategy to spread it around so much? Can you actually make money with so little focus? Please let me know what kind of overall results you have had using your methodology of a 10 year span. If you have posted your plan and methodolgy before please give me the link
Thank You,
piktrader
Andy I mention results in a video at the end of the quarter.
The bigger thing is there are plenty of investment managers that hold 40 stocks, about what I use. There are plenty that will put more than that in portfolio.
The number of IMs that will put 20 or less is fairly small.
Thanks for responding Roger,
I guess I was thinking from an individual trader's view. The average joe who may have 50-100K to invest. Having 40 different equities in that instance is not all that productive IMHO. Especially if you are trading and not holding as it would really add up in commisions. Aside from commisions it would also be tough to keep track of. I personally thing that the investor with 100K should be holding no more than a dozen holdings.....but again...just my humble opinion.
Thanks
yes, the commission drag from 40 stocks on $100,000 would be too large.
Models this week:
Timing Model = 3.0
100% long
Global Allocation of long positions
MSCI EAFE Index 40%
MCCI Emerging Markets Index 30%
Russell 3000 Index - U.S. 30%
Top U.S. Sectors
U.S. Telecommunications 4.0
U.S. Oil Equipment, Services & Distribution 3.5
U.S. Basic Materials 2.5
U.S. Leisure Goods 2.5
U.S. Mobile Telecommunications 2.5
U.S. Oil & Gas 2.5
U.S. Utilities 2.5
U.S. Real Estate 2.0
Top Intl ETFs
MSCI Malaysia Index Fund 3
MSCI Germany Index Fund 3
S&P Latin America 40 Index Fund 3
MSCI Sweden Index Fund 3
MSCI Netherlands Index Fund 3
MSCI Singapore Index Fund 3
MSCI Brazil Index Fund 3
MSCI Austria Index Fund 3
I took a small position in UCPIX on Tuesday as a hedge on my timing model that's still quite bullish.
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