ok i’m back. i’m not suggesting that you need to look more in depth than stock analysts, but just to be smarter about it and look at different things! especially with industries that are getting government support so that equity is in danger of being wiped out through cap structure subordination. or how they are going to fund themselves. debt markets are opening up for some sectors. or sectors that rely on securitized funding are f*cked. at the very least, read the notes to the financials. generally 10-20 pages tops, and will explain a LOT! seriously, for 5 names, it’s really worth it. that’s a pretty highly concentrated portfolio. otherwise, buy the house then. i think that’s why people like owning real estate. it’s concrete and once you own it, you don’t have to track P&L, you just live there. 🙂
Most of the equity ETFs are palin vanilla. The commodity ETFs may or may not be a different story. Currency ETFs have to hold derivatives and contracts. even during the darkest days of the meltdown, none of them “unravelled.”
Interesting, benson – posting from Milan for extra credit – just challenged Rehab to a duel! Pistols at 20 paces in Hackensack.
(And dave, I love Edith Piaf’s La Vie en Rose. Grace Jones’s version, too.)
I’m a happy camper today. Unless the bottom falls out of the market in the last hour, I will be back to where I was at the end of 2007.
Ironically, the all-time market high was on my birthday in 2007. If only i knew what a birthday present that was and cashed it in!
Lechacal, could I attach an electrical wire onto you so I can harness the heat energy radiating from you currently as you try to remain zen self?
ok i’m back. i’m not suggesting that you need to look more in depth than stock analysts, but just to be smarter about it and look at different things! especially with industries that are getting government support so that equity is in danger of being wiped out through cap structure subordination. or how they are going to fund themselves. debt markets are opening up for some sectors. or sectors that rely on securitized funding are f*cked. at the very least, read the notes to the financials. generally 10-20 pages tops, and will explain a LOT! seriously, for 5 names, it’s really worth it. that’s a pretty highly concentrated portfolio. otherwise, buy the house then. i think that’s why people like owning real estate. it’s concrete and once you own it, you don’t have to track P&L, you just live there. 🙂
“Most of the equity ETFs are palin vanilla”
most zen self…most zen self…most zen self…
“completely unload”
oh please oh please oh please
Posted by: brighton beoch at September 16, 2009 2:21 PM
naughty naughty!
Most of the equity ETFs are palin vanilla. The commodity ETFs may or may not be a different story. Currency ETFs have to hold derivatives and contracts. even during the darkest days of the meltdown, none of them “unravelled.”
“completely unload”
oh please oh please oh please
only 2:20 FML