Congrats to my buddy Aaron at Schindler Trading up over 13% in July....

Quote from DarthSidious:

No. EAFE, like all index, is unmanaged. It takes skill to consistently outperform it. If you just keep buying when a stock is added to the index, and sell it when it is deleted from the index, you will consistently underperform the index. It takes a lot more than that.

Again, incorrect. If a trader has given Aaron his money, the trader is a fool. His clients are neither academics, nor traders (aspiring or otherwise). I say this from direct experience working for a very large wealth manager: His ideal client has so much money that his goal is to preserve it, and safely grow it with (hopefully) well thought out portfolio allocation between different asset classes. EAFE would be one of the asset classes.

Once I have made my megamillions, I would hire guys like Aaron to manage a small part of that. But I gotta make my nut first :D

I am not Aaron's client, nor are you, nor are any trader. His (ideal) clients are very wealthy individuals, estates, corporates etc. etc.
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Shhhh...Don't tell Aaron's investors they can open a Fidelity account and can trade EAFE EFT commission free.
http://finance.yahoo.com/q?s=efa
http://personal.fidelity.com/products/trading/What_You_Can_Trade/WYCT_ETFs.shtml.cvsr

But guess they have so much money, they don't care...

Anyways, just saying how active management can be done by the individual if, and only if, they care to learn and explore investing/trading or if they do not wish to waste the time/energy, they can mirror the index without paying people like Aaron.
 
Good on Aaron for posting his results (no statistics tho), but he only has $6MM under mgmt. That sounds more like a couple of friends' moms or grammy and grampy under management. :D

Quote from DarthSidious:



I am not Aaron's client, nor are you, nor are any trader. His (ideal) clients are very wealthy individuals, estates, corporates etc. etc. [/B]
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Quote from The Real Grail:

I AM ALSO A JEW. PLEASE TELL ME WHERE I CAN FIND YOU SO I CAN EXPLAIN TO YOU IN A WAY THAT YOU <b>NEVER</b> FORGET WHAT IT MEANS TO BE A JEW.
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hey, why are you so sensitive or even furious? can't you read with the simple understanding of words?
i've just wrote that aaron is a jew. what the hell is wrong with that statement?

where on earth do you see racism in my post?
its a well known fact that people from many races try to take financial advantage of other people who are not smart (or who are stupid). jews just happen to be the most effective in this task.
now, call me names or attack me personally if you prefer not to address the merit of the issue.
 
Aaron's been a great contributor to this forum, and the fact that he has $6mm AUM alone speaks to the value of the EAFE overlay approach. And not only I would also never wish to speak poorly of a fellow MIT alum... you really need to have a longer-term horizon when looking at management skill. A few months of superior (or inferior) performance isn't compelling "proof" of anything.

That said, I can't imagine that he's especially pleased with recent performance either. (10% above EAFE in the 2.5 years since inception.)
 
Quote from retaildaytrader:

I post a congratulations post, its about 12 hours later and this post is already out of control. This board is so disfunctional.
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Buddy, two things about your posts that are ridiculous.

#1. Your buddy Aaron MUST beat the index to justify
the management fees his funds no doubt charges.
Period. This is why ETFs are taking over a big chunk
of Mutual Fund business where at least half the funds
are run by incompetant people. Aaron I make no
judgement except what you are congratulating him for
is not worthy of congratulations.

#2. You posted a crash/doomsday type post in another thread
that suggests you are not understanding TODAY's market
at all. Go ahead tell us where the market indexes will be
as of April 30. 2011. You will miss by a large margin.
 
Quote from masterjaz_99:Shhhh...Don't tell Aaron's investors they can open a Fidelity account and can trade EAFE EFT commission free.
http://finance.yahoo.com/q?s=efa
http://personal.fidelity.com/products/trading/What_You_Can_Trade/WYCT_ETFs.shtml.cvsr

But guess they have so much money, they don't care...

Anyways, just saying how active management can be done by the individual if, and only if, they care to learn and explore investing/trading or if they do not wish to waste the time/energy, they can mirror the index without paying people like Aaron.
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Yes, but Aaron is outperforming the index; the ETF isn't: http://us.ishares.com/product_info/fund/performance/EFA.htm

I don't know who his investor(s) are, but if I have $100mm and want to have 8% in global equities, and want to spread that around 5 managers, Aaron might be one of the managers getting $1-2mm. And no, I can find many other worthwhile endeavors in my life with that kind of money so I won't care to learn trading/investing. Seriously. Why do something when you can hire somebody to do it better and cheaper?
 
Quote from DarthSidious:

Yes, but Aaron is outperforming the index; the ETF isn't: http://us.ishares.com/product_info/fund/performance/EFA.htm

I don't know who his investor(s) are, but if I have $100mm and want to have 8% in global equities, and want to spread that around 5 managers, Aaron might be one of the managers getting $1-2mm. And no, I can find many other worthwhile endeavors in my life with that kind of money so I won't care to learn trading/investing. Seriously. Why do something when you can hire somebody to do it better and cheaper?
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If I'd have 100mm, I'd find funds that have shown constant profitability, they are out there. If his result were good he would have a lot more than 6mm under management. But as someone already mentioned, at least he is honest.
 
Correct me if i am wrong but:
1) Italian is a nationality not a religion
2) there is no history of persecution and repeated attempts to annihilate people from Italy based only on their country of origin.

Quote from LEAPup:



Also, some comments in this thread are over the top. Btw, I'm an Italian, so I guess I'm a WOP. Lol! At least I can laugh at myself, and I never get upset when I hear someone call me dego, wop, etc.,
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Anytime you categorize a group of people with one specific negative trait it is blatant bigotry.
When you say all Jews are thieves, it is bigotry.
The fact that several high profile Jews have been accused of theft/ponzi lately does not mean that all Jews are like that.
Additionally if you think about the amount of Jews who work on Wall st., the percentage who did anything dishonest is very small.
And if you are saying that Jews are taking advantage of others groups who are not smart, your logic is extremely flawed as ALL (or over 98%) of Madoff's investors were Jewish or Jewish institutions.
If you want to write about something how about the disproportionately high amount of Jewish Nobel Prize recipients.
Was that achieved by dishonesty also ? The Israeli government is bribing the Nobel committee to favor Jews?

Quote from DT-waw:

hey, why are you so sensitive or even furious? can't you read with the simple understanding of words?
i've just wrote that aaron is a jew. what the hell is wrong with that statement?

where on earth do you see racism in my post?
its a well known fact that people from many races try to take financial advantage of other people who are not smart (or who are stupid). jews just happen to be the most effective in this task.
now, call me names or attack me personally if you prefer not to address the merit of the issue.
More...
 
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