Search found 220 matches

by Smith1776
Fri Sep 20, 2019 3:46 pm
Forum: Variable Portfolio Discussion
Topic: REITs
Replies: 27
Views: 3861

Re: REITs

My father has a significant amount of his net worth in a single REIT: RioCan Real Estate Investment Trust. That one stock. I shudder slightly every time I get a glimpse of his accounts. At least it's not puny. It's the biggest REIT in Canada. Still... this is the man who was teaching me about money ...
by Smith1776
Thu Sep 19, 2019 2:34 am
Forum: Stocks
Topic: Stock scream room
Replies: 758
Views: 138506

Re: Stock scream room

It can definitely be difficult to maintain that firewall between your PP and VP (that's what she said), even if you have an explicit plan to do so. The temptation to replenish the VP with PP cash can also be hard to resist. My PP components are all ETFs, while my VP components are all individual sto...
by Smith1776
Wed Sep 18, 2019 4:46 am
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Re: Cracks emerging in money markets?

Very interesting stuff.

This really brings back to my mind that old question that everyone has been asking for the past 10 years: what will be the cause of the next panic in financial markets?

I'm willing to opine here. I think the epicentre of the quake will be in China.
by Smith1776
Wed Sep 18, 2019 4:43 am
Forum: Permanent Portfolio Discussion
Topic: Contrarianism
Replies: 6
Views: 217

Re: Contrarianism

Facebook is therefore a "Costanza Stock".

I'm officially coining that term on this forum.

While I'm at it I think I'm going to start building up my Costanza Wallet by packing it with my gold bullion.
by Smith1776
Tue Sep 17, 2019 9:08 pm
Forum: Permanent Portfolio Discussion
Topic: Contrarianism
Replies: 6
Views: 217

Re: Contrarianism

dualstow wrote:
Tue Sep 17, 2019 8:07 pm
P.S. you got me curious, so i looked:

search.php?keywords=costanza
MOVE OVER, Warren Buffett. I have NEW investment hero now. ^-^
by Smith1776
Tue Sep 17, 2019 6:48 pm
Forum: Permanent Portfolio Discussion
Topic: Contrarianism
Replies: 6
Views: 217

Contrarianism

Contrarianism. It's the quality that is often touted as being necessary for being a successful investor. The ability to detach yourself from the crowd temperamentally and do the opposite of what one's instincts and emotions are telling them to do. This is a quality that almost every investor enuncia...
by Smith1776
Tue Sep 17, 2019 4:13 pm
Forum: Permanent Portfolio Discussion
Topic: How many brokerage firms are you using?
Replies: 38
Views: 824

Re: How many brokerage firms are you using?

Indeed I remember Swedroe remarking that filtering out the junk or "lottery ticket" stocks from a portfolio, particularly of small caps, greatly improved results. Removing these crappy securities even from total market indexes seemed to improve the portfolio across the board. Interestingly, one way ...
by Smith1776
Tue Sep 17, 2019 4:08 pm
Forum: Variable Portfolio Discussion
Topic: Speculators Anonymous
Replies: 10
Views: 328

Re: Speculators Anonymous

I am and always have been deep into the Graham and Dodd value philosophy. I'm currently on the trail of Michael Burry (yes, that one) and looking at some of his fairly recent filings for his value holdings. https://whalewisdomalpha.com/michael-burrys-scion-13f-holdings/ Definitely looking to add to ...
by Smith1776
Tue Sep 17, 2019 4:05 pm
Forum: Stocks
Topic: Stock scream room
Replies: 758
Views: 138506

Re: Stock scream room

I'd like to chime in here with a link and perspective. https://youtu.be/3EzdvkRgToY That link is to a Yale lecture done by Robert Shiller on efficient markets. Right around the 42 minute mark he talks about technical analysis. Shiller, tellingly, recalls a story where he presses Burton Malkiel on wh...
by Smith1776
Tue Sep 17, 2019 5:20 am
Forum: Bonds
Topic: Treasury Yield Curve - June 3 2019
Replies: 16
Views: 2459

Re: Treasury Yield Curve - June 3 2019

I hate to be "that guy" that starts making market/economic predictions of any kind. The PP is about conceding that we can't accurately predict the future. Nonetheless, just for fun, I'd opine that the next few years in the global economy will likely be incredibly tumultuous and really test the mett...
by Smith1776
Wed Sep 11, 2019 3:02 pm
Forum: Permanent Portfolio Discussion
Topic: How many brokerage firms are you using?
Replies: 38
Views: 824

Re: How many brokerage firms are you using?

Just one: Wealthsimple Trade.

Literally zero fees of any kind. I’ll take that over brokerage diversification any day.
by Smith1776
Wed Sep 11, 2019 4:08 am
Forum: Stocks
Topic: How do you invest the stock portion?
Replies: 6
Views: 201

Re: How do you invest the stock portion?

boglerdude wrote:
Wed Sep 11, 2019 1:12 am
Vanguards small value has the same PE as total market. Youre paying the same price for a basket of weaker companies.
Yeah, as I mentioned: it was a contentious statement. I'm still willing to stand on it.