Magic Forrmula Question

Quote from 4awhile:

buy the SPY etf. Very very few mutual funds beat the S&P 500s. Set a stop say, 7-10% below your purchase price.

Don't look at your account for 30 days. Dont look at CNBC. At the end of 30 days, readdress your stop loss value. If you've been stopped, buy it again. [/B]
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Best advice on ET this year. Except do it with RZV and make that date 3 trading days before the first trading day of the month. Backtest this, would make the little black book seem like TP.
 
Before he opened the mutual funds, he offered a managed account program (and still does). It's a well-run program in terms of tax efficiency. As to whether his stock picks will outperform, you pay your money, you take your chances.
 
Quote from Rodney King:

Before he opened the mutual funds, he offered a managed account program (and still does). It's a well-run program in terms of tax efficiency. As to whether his stock picks will outperform, you pay your money, you take your chances.
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you may be right, I should have checked the turnover rate before commenting on tax effiency, but any managed fund has less tax efficiency and more expenses than the index it's trying to beat.

IMHO it's better to try and figure out what the markets are going to do than to beat them.
same goes for women
 
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