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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kcowan
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Re: Outstanding Financial Pornography

Post by kcowan »

BRIAN5000 wrote:1) Commute my DB pension plan seemed to me he was saying it was almost always better
I THINK THIS IS ONLY TRUE AT MORE ADVANCED AGES THAN 55. I THINK FOF IS THE EXPERT HERE.
2) A job where I earn $60,000 a year I am most likely netting only $25-$30000 and this amount could be EASILY be replaced by $300,000 in capital assets.
8% TO 10% RETURN?
3) Capital of $300,000 could be producing $30-$50,000 per year.
10% TO 16% ANNUAL RETURN?
4) Equity in a home is "lazy equity" use a HELOC to build a diversified money pool.
PROBABLY TRUE IF YOU ARE A SAVVY INVESTOR AND HAVE SUFFICENT EXPOSURE TO RE
5) Start melting down your RRSP at @ 55
BEEN DISCUSSED HERE MANY TIMES. PROBABLY ONLY IF YOU WOULD BE IN CLAWBACK TERRITORY 16 YEARS LATER.
6) If you don't commute your pension take the single life option and with the difference buy term insurance
THE PREMIUM THAT YOU PAY (IN REDUCED PENSION) IS ESSENTIALLY TERM INSURANCE FOR THE DIFFERENCE IN YOUR LIFE EXPECTANCIES AND IS VERY COMPETITIVE...
Anyway those would be my takeaways.
For the fun of it...Keith
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Re: Outstanding Financial Pornography

Post by ig17 »

G&M has a feature where they publish 3 stock picks from the experts. Here's a fine example:

3 top stock picks from GlobeInvest’s Peter Brieger

I got a kick from his last year's picks:
Past picks: Jan. 25, 2012

Central Fund of Canada
Then: $22.50
Now: $21.97
Total return: –2.31 per cent

Bonavista Energy
Then: $22.80
Now: $14.60
Total return: –30.56 per cent

Scorpio Gold
Then: $0.91
Now: $0.63
Total return: –30.77 per cent

Total return average: –21.21 per cent
Poor guy.
flywaysuzy
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Re: Outstanding Financial Pornography

Post by flywaysuzy »

So does this Peter Brieger have a list of three stocks to avoid for 2013? :lol:
suzy
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scomac
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Re: Outstanding Financial Pornography

Post by scomac »

I'm not sure it is fair to lump this in within this topic, but at the very least the logic is questionable.

I found this particular passage quite humorous.
The main purpose of dividend investing is obviously to select the stocks you think will both outperform the market and pay some healthy dividends at the same time. The power of dividend growth over time should guarantee a nice and comfy nest egg too.

So why would I invest a part of my money into indexes? What’s the point of adding ETFs to a 100% dividend stock portfolio? The reason is simple; I want additional growth while not spending too much time working on my portfolio. I will still buy dividend stocks and continue with my core strategy, but will add some ETFs to my asset allocation
On one hand, the author is saying that he can beat the market by stock picking and then he promptly turns around and says that he can't by virtue of wanting to buy an ETF for additional growth presumably over and above what he can achieve through stock picking. :wink:

The more this poor fellow attempts to justify what he is doing, the more apparent it becomes that he is on pretty thin ice which begs a question: Does he really know what he is doing or does he simply have enough information to be dangerous?

There is a lot of information and opinions on investing subjects circulating on the web and it seems to be growing each and every day as more and more folks take to DIY investing in one form or another. It is becoming increasingly difficult to find the wheat in amongst the chaff as these on-line authors can sound authoritative and very convincing and yet it's quite apparent that the depth of knowledge is lacking.

It's going to be very interesting indeed to see how DIY investors are going to fair collectively over the next 10-20 years versus those who are being directed by advisors of one sort or another despite the substantial headwinds that fees extract. The more that I read of what is getting "published", the more I can see why William Bernstein is questioning how successful DIY investing will be for the great majority.
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Re: Outstanding Financial Pornography

Post by sydney2 »

Good article Scott....I find it interesting that my former full time broker, retired early and I believe it was because most of the clients got tired of paying the huge fees and moved on. I roll my eyes when our friends talk about their portfolios with Investors Group, they don't even know what MER means, but oh well their advisor takes them golfing and out to dinner once a year.
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Re: Outstanding Financial Pornography

Post by Bylo Selhi »

scomac wrote:I'm not sure it is fair to lump this in within this topic, but at the very least the logic is questionable...
In addition to that, note the disguished ad at the bottom of the article. Here's a screen shot in case the "ad" varies from view-to-view and the one you get is about day-trading:
Image 2.jpg
Note that the sentence I highlighted talks about an S&P500 ETF because it's "diversified" while the "ad" for e-mail alerts touts QQQs.

Happy times199x areis here again :roll:
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poedin
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Re: Outstanding Financial Pornography

Post by poedin »

sydney2 wrote: ... I roll my eyes when our friends talk about their portfolios with Investors Group, they don't even know what MER means, but oh well their advisor takes them golfing and out to dinner once a year.
Likewise with my cousin, who had me invited by his advisor to a dinner + presentation. Some years ago, as a novice CFP, I declined on opportunity to work for / with IG. Why? Couldn't recommend products that I personally wouldn't want (versus alternatives).
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Re: Outstanding Financial Pornography

Post by sunkenradish »

https://moneymorning.com/ob-article/jim ... -ahead.php
Despite the current stock market rally, legendary investor Jim Rogers say the U.S economy is poised for a major crash and is warning investors to protect themselves immediately.
And how, pray tell, should we "protect ourselves immediately?"
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Re: Outstanding Financial Pornography

Post by newguy »

Fox On Stocks - The Official Stock Blog from 16 year old Rachel Fox, Day Trader & Actress

Not sure if this belongs here as she's probably the smartest 16yo actress/trader I know.

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Re: Outstanding Financial Pornography

Post by qasimodo »

oxymoronic marketers pitch: "... and make ads more relevant"
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Arby
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Re: Outstanding Financial Pornography

Post by Arby »

The following sentence from a TDWH report required a trip the dictionary to decipher two of the words:
While Nymex natural gas prices are in contango, WTI crude oil prices remain in backwardation.
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Re: Outstanding Financial Pornography

Post by skepticus »

Arby wrote:The following sentence from a TDWH report required a trip the dictionary to decipher two of the words:
While Nymex natural gas prices are in contango, WTI crude oil prices remain in backwardation.
Good grief! Does TDWH also write reports in English?
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Re: Outstanding Financial Pornography

Post by ClosetIndexer »

skepticus wrote:
Arby wrote:The following sentence from a TDWH report required a trip the dictionary to decipher two of the words:
While Nymex natural gas prices are in contango, WTI crude oil prices remain in backwardation.
Good grief! Does TDWH also write reports in English?
To be fair, the two terms are related, and replacing them with plain English would mean turning a single sentence into an entire separate document. Contango vs. Normal Backwardation
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Re: Outstanding Financial Pornography

Post by biker »

May be of interest to some here:
Tonight on PBS

Planning to retire one day?

Then you won’t want to miss FRONTLINE’s The Retirement Gamble tonight at 10 p.m. on PBS (check local listings).

It’s an eye-opening investigation of a financial services industry that may be draining your retirement savings with every passing year.
Live like you are dying but invest like you are immortal.

"Men do not quit playing because they grow old ; they grow old because they quit playing" Oliver Wendell Holmes
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Bylo Selhi
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Re: Outstanding Financial Pornography

Post by Bylo Selhi »

How did you determine that this is "Outstanding Financial Pornography" if the program hasn't even aired?
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Re: Outstanding Financial Pornography

Post by Dejavu »

I have set my PVR to record this but here is a 6 minute preview from Yahoo Finnance:

http://finance.yahoo.com/blogs/daily-ti ... .html?vp=1

I believe Bylo is correct in that this is not finnacial porn, rather the opposite.

Dejavu.
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adrian2
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Re: Outstanding Financial Pornography

Post by adrian2 »

Bylo Selhi wrote:How did you determine that this is "Outstanding Financial Pornography" if the program hasn't even aired?
Reading Playboy for the outstanding articles? :P
Imagefiniki, the Canadian financial wiki
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Re: Outstanding Financial Pornography

Post by Norbert Schlenker »

It was a good program.

Unfortunately, the people who most desperately need to watch it and understand the lesson were watching Big Bang Theory instead.
Nothing can protect people who want to buy the Brooklyn Bridge.
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Re: Outstanding Financial Pornography

Post by Jo Anne »

The Dust Bowl documentary beforehand was good, as well.
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Re: Outstanding Financial Pornography

Post by sunkenradish »

http://www.moneynews.com/Archives/Trump ... DE=103FC-1
Trump Tells Americans to Prepare For 'Financial Ruin'
Tuesday, 06 Nov 2012 12:14 PM

The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”

According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

He goes on to point out that the downgrade of U.S. debt is inevitable.

“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.”

Ballooning debt and a credit downgrade aren’t Trump’s only worries for this country. He says that the official unemployment rate of 8.2 percent “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent...
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Re: Outstanding Financial Pornography

Post by mcbar »

Apparently I've been aiming a little too low...

How to Choose the Best Mutual Funds
Investors should look for expense ratios to be in the 1.2% to 1.4% range, said John McDonough, president and CEO of the Studemont Group, based in The Woodlands, Tex. ... However, when investors focus only on the expense ratio, they could miss 1% to 3% on returns.
It goes on to pitch front end sales loads as the "cheap" option.
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kcowan
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Re: Outstanding Financial Pornography

Post by kcowan »

Most mining company disclosures!

Mining industry gets failing mark on disclosure
For the fun of it...Keith
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Re: Miscellaneous 2013

Post by BRIAN5000 »

http://www.theglobeandmail.com/globe-in ... d/follows/

Ms. Pinkowski says

“The buy-and-hold Bogle ETFs approach would have been great in a bull market like the ’90s, but their strategy is hazardous to your financial health in today’s volatile market,” she says.
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
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Re: Miscellaneous 2013

Post by Shakespeare »

Great Galloping Jehoshaphat. Why isn't that in the "investment porn" thread?

Quelle manure.
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BRIAN5000
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Re: Miscellaneous 2013

Post by BRIAN5000 »

Shakespeare wrote:Great Galloping Jehoshaphat. Why isn't that in the "investment porn" thread?

Quelle manure.
Me bad :oops: :oops:
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