Yesterday’s market activity, as represented by the chart above (thanks to MarketWatch), reminded me of my skiing days when I was trying to avoid black diamond slopes whenever possible. While I have since given up skiing, I still try to stay away from these kinds of slopes in the financial markets. There was nothing positive about the drop other than …
Are 130/30 Mutual Funds A Losing Proposition?
MarketWatch had an interesting write-up in “Stupid investment of the week,” which featured the latest and greatest new thing called 130/30 funds. Sure, with ETFs steeling a lot of the mutual fund business, it was time for a new invention no matter whether it made sense or not. In case you never heard of 130/30 funds, here’s the definition: The …
Sunday Musings: A Slowing World
MarketWatch featured an article titled “Is the whole world slowing?” Here are some highlights: Europe’s economy contracted in the second quarter, burdened by higher prices and weak export markets, the statistical agencies reported Thursday. With Europe now joining the United States, Japan and Canada in the dumps, none of the Group of Seven economies is growing anywhere close to their …
Withstanding Market Turmoil
Based on recent emails, I can tell you that while a lot of readers are following my recommended Buy/Sell discipline, some of them are not. It would be interesting to know, how many of the current 18,000 readership is in tune with my approach and how many simply view it as another form of entertainment. With the recent market turmoil, …
No Load Fund/ETF Tracker updated through 8/14/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpContinued volatility moved the major indexes with not much to show for. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -0.56% thereby confirming the current bear market trend. The international index now remains -7.08% below its own trend line, keeping us on the sidelines. …
The Mismanagement Of America
I found this interesting video clip on YouTube featuring Lawrence Hrebiniak, Professor of Management at The Wharton School. It’s a bit lengthy but well worth it. His book with the same title has just been published. [youtube=http://www.youtube.com/watch?v=kwQWGNWzlGM]