Globeinvestor Problems & Questions
Globeinvestor "Star" ratings
I noticed today that when I go to my Stocklist there is a new column for up to 5 star ratings. Eg RY is a 5 and BCE is a 2 star. Any idea who does the ratings?
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- bubbalouie
- Veteran Contributor
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Globe Investor 5-Star Stock Rating
Do any of you use the 5-Star stock rating system that is available on the Globe site. If yes, how useful do you find it? If not, did you track the performance of the rating system and find that it is not useful?
I have gone back to my stock selection strategy that has served me well since 1998. Those of you who followed the friendly stock picking contest that we had here may recall that I changed my strategy part way through the contest. Had I stuck with my tried and true techniques I would have been runner-up for the bronze medal which was much better than my actual performance!
In an effort to improve on my stock selection strategy I am wondering if taking the 5-Star rating into account will improve my results. Your experience would be appreciated.
Lado
I have gone back to my stock selection strategy that has served me well since 1998. Those of you who followed the friendly stock picking contest that we had here may recall that I changed my strategy part way through the contest. Had I stuck with my tried and true techniques I would have been runner-up for the bronze medal which was much better than my actual performance!
In an effort to improve on my stock selection strategy I am wondering if taking the 5-Star rating into account will improve my results. Your experience would be appreciated.
Lado
http://www.etf2x.com/
I think the 5 star ratings are pretty short term, shallow, and focused on price performance. Quote from Globeinvestor definition (my emphasis added):
Nothing seems to be said about underlying fundamentals over the longer term and thus it is simply reinforcing herd mentality of what has been popular. The horse has already left the barn.On a monthly basis, we calculate each stock's price performance, and then subtract the rate of return on a risk-free asset, specifically 90-day Canadian T-bills. Positive returns add to a stock's return score and negative returns to a stock's regret score. We sum up five years of these monthly returns and regrets, with more weighting placed on recent months.
All Canadian and U.S.-listed stocks are then grouped together into industries. Each stock's regret score is adjusted to penalize those that performed poorly, when their industry group had a high expected return. The final score for each stock is computed as its return score minus its regret score.
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Re: Globe Investor 5-Star Stock Rating
This is important. It emphasizes the need to find a good investing approach that, to paraphrase, "serves you well", then stick with it. Changing approaches in mid-stream is usually a recipe for ultimate disappointment, since such changes tend to reflect typical behavioural (and thus financially maladaptive) responses to what is happening around you (I'm not saying that was the case with Lado specifically, since I do not know how and why he changed his strategy mid-stream).Lado wrote:I have gone back to my stock selection strategy that has served me well since 1998. Those of you who followed the friendly stock picking contest that we had here may recall that I changed my strategy part way through the contest. Had I stuck with my tried and true techniques I would have been runner-up for the bronze medal which was much better than my actual performance! [emphasis added]
Added: As AltaRed said, "it is simply reinforcing herd mentality of what has been popular." Is this consistent with finding a good approach and sticking to it, no matter how crazy everyone else is getting?
Dividend payout ratios in Globeinvestor
I read in Globeinvestor that BFC.UN's divident payout percentage is 286.23. I'd be grateful for an explanation of what that means. Thank you.
Re: Dividend payout ratios in Globeinvestor
At the bottom of the Globe page there are links to help topics. See % Dividend Payoutskepticus wrote:I read in Globeinvestor that BFC.UN's divident payout percentage is 286.23. I'd be grateful for an explanation of what that means. Thank you.
Peter
Patrick Hutber: Improvement means deterioration
Patrick Hutber: Improvement means deterioration
There is no rule that prevents a corporation from paying dividends in excess of its earnings for any particular year. Companies may experience a loss or unusually low earnings from time to time yet may still maintain their dividends. As long as dividends paid over the life of the business are less than earnings over the same period, it will be possible to pay dividends in any particular year.skepticus wrote: However, I don't understand how a company can pay out 286 % of its earnings. I would have thought 100% would be the maximum possible.
BTW BFC.un is not a corporation. Trusts generally make distributions based on some definition of distributable cash flow not earnings. I'm not sure that the ratio of distributions to income is useful for most trusts, since many have cash flows that are very different from earnings. You may want to take a look at BFC's annual report to see how management explains their distribution policy.
Another issue (besides the one DavidR mentions) is many (most?) trusts took a lump sum accrual for future income taxes in preparation for trust taxation in 2011. Thus yield will be unduly skewed.
IIRC, Globeinvestor also takes the latest quarterly "dividend" and annualizes it - making the error even worse. If BFC took that writeoff in 4Q, that may explain the situation. One must go to the company's quarterly reports and MD&A analysis to get the correct data.
IIRC, Globeinvestor also takes the latest quarterly "dividend" and annualizes it - making the error even worse. If BFC took that writeoff in 4Q, that may explain the situation. One must go to the company's quarterly reports and MD&A analysis to get the correct data.
Globeinvestor Problems & Questions
Does anyone know why my stocklist on the Globe and Mail investment site (free side) diappears. I don't visit it often, but over the years its always been there. Of late it it just gets wiped out - i.e. nothing in the list anymore.
Its a pain to rebuild it.
Its a pain to rebuild it.
Re: Globe stocklist
It does that for me every once in a while - maybe every 2 months or so. I suspect it has something to do with the expiry date of my cookies, but I'm not sure.marcharry wrote:Does anyone know why my stocklist on the Globe and Mail investment site (free side) diappears. I don't visit it often, but over the years its always been there. Of late it it just gets wiped out - i.e. nothing in the list anymore.
Its a pain to rebuild it.
I just live with it and rebuild when necessary.
- augustabound
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- westinvest
- Contributor
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- Joined: 22 Feb 2005 01:17
- Location: Okanagan
I lost my stock list at Globe several times . . . in fact every time I choose "delete cookies" in my web browser. Adware and Spyware programs can remove cookies, too.
You can back up your cookies, even transfer them to another computer. Cookies reside in a text file called "cookies.txt" which you can find by searching your "Documents and Settings" folder. There may be several such files on your computer. Open the file and search for "Globe" to see if it is probably the right one.
You can back up your cookies, even transfer them to another computer. Cookies reside in a text file called "cookies.txt" which you can find by searching your "Documents and Settings" folder. There may be several such files on your computer. Open the file and search for "Globe" to see if it is probably the right one.
- westinvest
- Contributor
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- Joined: 22 Feb 2005 01:17
- Location: Okanagan
patriot1 wrote:How do you sign up for that?westinvest wrote:I use the "pay" version of the Globe Site, because it's actually free to TDWH President's Club members, and have never lost a stock list. Maybe there's a message here?
Normally when you reach President's Club status they send you an invitation and a logon. TDWH calls it "WebBroker Select" but it's essentially GlobeInvestor Gold. If you qualify but didn't get an invitation I'd call TDWH.
Why would you blanket delete cookies? That is the only way I know of that a website will remember you. I have yet to delete cookies on a 5 yr old PC. None of the Adware and Spyware programs I use would delete cookies unless I specifically tell them to.Delphi51 wrote:I lost my stock list at Globe several times . . . in fact every time I choose "delete cookies" in my web browser. Adware and Spyware programs can remove cookies, too.
Globeinvestor stocklist wiped out?
My stocklist on globeinvestor repeatedly disappears on me. Its a pain to rebuild it.
Any one know why this happens. How to prevent it. OR, an alternative source to easily build a canadian portfolio online? One that will stay there indefinitely.
(Naturally i am not going to start paying for globeinvestor premium)
Any one know why this happens. How to prevent it. OR, an alternative source to easily build a canadian portfolio online? One that will stay there indefinitely.
(Naturally i am not going to start paying for globeinvestor premium)