A the time of investment many people get confused. For achieving long term objectives there is need of friendly investment advice that will help you build a well diversified portfolio.
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The best investment advice you will ever get.
- Thread starter noob_trad3r
- Start date
Know the type of market you're in -- secular bear or bull -- then act accordingly. Both types of markets end badly; bull markets end with a spectacular crash while the bear is a grind toward single digit p/e ratios.
That is just a start. Human behavior is repetitive and predictable.
That is just a start. Human behavior is repetitive and predictable.
Forget indexing altogether. A long-term timing/momentum strategy beats indexing quite easily on a risk-adjuted (and even absolute return) basis:
http://www.mebanefaber.com/timing-model/
(and his basic strategy/asset classes are just the tip of the iceburg)
I'm surprised that no one has pointed this out on a "trading" site.
http://www.mebanefaber.com/timing-model/
(and his basic strategy/asset classes are just the tip of the iceburg)
I'm surprised that no one has pointed this out on a "trading" site.
Did comment on the Ivy Port, 10 and 15 year forward returns -- no one commented cuz Maff is hawd work.
Ivy Port appears to underperform in secular bulls but does well in the sec bear. He has a paper showing returns by decade on his site.
I'm surprised no one said: "Vote republican or those damn dirty socialist democrats will ruin the economy, ruin the stock market and ruin 'merica!"
Ivy Port appears to underperform in secular bulls but does well in the sec bear. He has a paper showing returns by decade on his site.
I'm surprised no one said: "Vote republican or those damn dirty socialist democrats will ruin the economy, ruin the stock market and ruin 'merica!"
Quote from noob_trad3r:
http://www.modernluxury.com/san-francisco/story/the-best-investment-advice-youll-never-get
Maybe... But here's another investment advice: "Thou shall not covet thy neighbor's property [nor his margin trading/investing account]"