Outstanding Financial Pornography

Asset allocation, risk, diversification and rebalancing. Pros/cons of hiring a financial advisor. Seeking advice on your portfolio?
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parvus
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Re: Outstanding Financial Pornography

Post by parvus »

Agreed.
Ces véhicules étant davantage des produits de niche et complémentaires aux fonds d’investissement traditionnels, on peut comprendre qu’ils soient aisément ignorés.
???
Easily ignored complements???
Au final, loin de détrôner les fonds d’investissement traditionnels, les FNB ont leur place dans un portefeuille en tant de produit de niche permettant d’accéder à une diversification ou à un risque spécifique.
Niche product???
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LadyGeek
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Re: Outstanding Financial Pornography

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Imagefiniki, the Canadian financial wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
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Re: Outstanding Financial Pornography

Post by rishitibriwal »

Unbelievable!!! "7 Reasons to not pay down your mortgage"

http://finance.yahoo.com/news/7-reasons ... 00810.html
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Re: Outstanding Financial Pornography

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rishitibriwal wrote:Unbelievable!!! "7 Reasons to not pay down your mortgage"

http://finance.yahoo.com/news/7-reasons ... 00810.html
Why? Most don't seem unreasonable to me.
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Re: Outstanding Financial Pornography

Post by kumquat »

I don't intend to offend anyone, that part is just a bonus.

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Re: Outstanding Financial Pornography

Post by parvus »

Hmm, if advice boils down to hand-holding psychology, then why not hire a psychologist?

N.B., the author has a vested interest in seeing more trading activity. Logically, he should be arguing for transparent bond trading, rather than railing against risk profiles. Finally, he mentions nothing of financial planning -- but granted, neither do the securities commissions, since it's not a licencable activity.

Rip it up and start again.
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Re: Outstanding Financial Pornography

Post by sunkenradish »

http://www.cbc.ca/news/business/tsx-wil ... 86?cmp=rss
TSX will beat U.S. stock markets this year, CIBC says
Earnings growth predicted to be almost twice as good than that of S&P, Dow

Canadian stocks could be poised to shine in 2014, playing catch-up to stock markets elsewhere in the world that enjoyed strong gains in 2013, according to a CIBC World Markets report published Tuesday.

"There are reasons to believe that for investors, if not for the economy overall, 2014 could be Canada’s year to shine," the bank's chief economist Avery Shenfeld said in the report.

Canada's benchmark stock index lagged its U.S. counterparts in a banner year south of the border last year. Although it made modest gains for the year, the TSX's advance paled in comparison to gains of better than 20 per cent on New York's S&P 500 and Japan's Nikkei.
Maybe this doesn't qualify as "outstanding" but it seem pr0nish to me.

Link to reported on which the "article" is based: http://research.cibcwm.com/economic_pub ... ijan14.pdf
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Re: Outstanding Financial Pornography

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peter wrote:
rishitibriwal wrote:Unbelievable!!! "7 Reasons to not pay down your mortgage"

http://finance.yahoo.com/news/7-reasons ... 00810.html
Why? Most don't seem unreasonable to me.
I think we must remember that this is a US article and down there mortgage interest is tax deductible while part of your capital gain on a house sale is taxable (I think...not sure). In Canada the interest on a primary residence is not deductible and there is no tax at all on any amount of capital gain you might have when you sell. Those differences could create a situation where here you would want to pay off the mortgage, but in the US you are better off not doing that. Perhaps we can call this softporn.
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Re: Outstanding Financial Pornography

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MALDI_ToF wrote:...I think we must remember that this is a US article and down there mortgage interest is tax deductible while part of your capital gain on a house sale is taxable (I think...not sure).
The first $250,000 on the sale of a home ($500,000 if married filing jointly) is excluded from capital gain taxes. From the IRS: Topic 701 - Sale of Your Home
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Re: Outstanding Financial Pornography

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LadyGeek wrote:
MALDI_ToF wrote:...I think we must remember that this is a US article and down there mortgage interest is tax deductible while part of your capital gain on a house sale is taxable (I think...not sure).
The first $250,000 on the sale of a home ($500,000 if married filing jointly) is excluded from capital gain taxes. From the IRS: Topic 701 - Sale of Your Home
And it's a simplistic view to just state that "mortgage interest is tax deductible". For most people, only part of it is deductible; for quite a few, none of the mortgage interest is deductible.

The sacred cows of taxation: Mortgage interest and real estate taxes
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Re: Outstanding Financial Pornography

Post by queerasmoi »

The character depicted in this comic is very typical of what is discussed in this thread. Thought you might all appreciate it.

http://www.smbc-comics.com/?id=3238
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Re: Outstanding Financial Pornography

Post by NormR »

Nominating http://seekingalpha.com/article/1947841 ... doddsville as indexing porn due to the use of non-market comparisons and benchmark abuse. As it happens, the funds in question outperformed the market as defined by the Vanguard 500 over the 15-year period, which was basically Buffett's original contention from a much earlier era.
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Re: Outstanding Financial Pornography

Post by Bylo Selhi »

Nominating http://seekingalpha.com/ for an epic fail in trying to suck in the gullible into reading their financial pr0n:
gullible.jpg
Sedulously eschew obfuscatory hyperverbosity and prolixity.
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Re: Outstanding Financial Pornography

Post by Spudd »

Bugmenot.com works for Seeking Alpha. :)
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Re: Outstanding Financial Pornography

Post by LadyGeek »

So does disabling javascript. :wink:

Also: if your browser can fit the entire article in one page, you won't get the nag screen.
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Re: Outstanding Financial Pornography

Post by Bylo Selhi »

Yes, I know how to get around the annoyance. My comment was about the existence of the annoyance in the first place.
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Re: Outstanding Financial Pornography

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I thought the annoyance was in Israel this week?
suzy
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Re: Outstanding Financial Pornography

Post by ghariton »

Please keep politics out of the financial threads, unless the comment might lead to better investing decisions. Otherwise, please take it to Watercooler.

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Re: Outstanding Financial Pornography

Post by LadyGeek »

Discussed in the Bogleheads forum: 5 money myths that are financial nonsense

Pure garbage. I learned a new word: chunda. (Anyone else read this "advice?" [5 Money Myths])
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Re: Outstanding Financial Pornography

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LadyGeek wrote:Anyone else read this "advice?"
I have now.

I want my five minutes back.

George
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Re: Outstanding Financial Pornography

Post by Norbert Schlenker »

Off 2% in two days, so it must be the end of the world.
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Re: Outstanding Financial Pornography

Post by kcowan »

Just profit-taking in a new tax year. Too soon to tell whether this will generate a stampede.
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Re: Outstanding Financial Pornography

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This is a perfect time to panic! :wink:
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Re: Outstanding Financial Pornography

Post by parvus »

The article isn't (well, not quite). The headline certainly is.
Why ETFs have lost ground to mutual funds.
I don't entirely agree with the article, particularly the stress on REITs, but oh well. As for the fact that bond ETFs can lose money, oh dear, what a novel concept. Balanced funds are your saving grace in a rising rate environment? Why? Because they have (ahem) less volatility (cough, cough). Hmm. Could asset allocation be the missing piece?
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Re: Outstanding Financial Pornography

Post by MALDI_ToF »

I really hate articles like this:

How to invest like a hedge fund when you are not a millionaire

Putting aside whether or not the so called article has any value, I hate it when what is essentially an ad for an investment product (or really any product) attempts to disguise itself as an informative article :evil:
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