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Thursday, August 26, 2010
Traveling
To my loyal followers...I will be outta town through Sunday. I will be honoring and celebrating the life of my Grandma....she will be missed tremendously! So Posts will resume early next week!
Wednesday, August 25, 2010
THIS JUST IN...
I saw on the headlines this morning that a Brand New Animal has been added to the Endangered Species list….THE LONG-ONLY MONEY MANAGER. Yep that’s right…the public is fed-up and rightfully so! Just this morning I’ve heard 3 of these Endangered species go on TV and state that the market has no business being down this low, that the economy isn’t really in that bad of shape, yada yada yada. All I hear is excuses, excuses, excuses.
It really is unfortunate, because money-management is a sort of art, it’s a craft that has to be constantly reviewed, tested and is constantly evolving. The only crutch that these endangered LONG-ONLY MONEY MANGERS have is that they prey on the weak and the uninformed. Don’t be one of the uninformed, it’s your moola so ask tough questions, and don’t except the status quo. Afterall, the status quo saw your portfolio DOWN 30% over the past 10 years….DOWN 12% over the last 5 years…and down 6% this year alone! If these LONG-ONLY MONEY MANGERS don’t evolve, they will go the way of the DODO BIRD. Remember, the DODO BIRD couldn’t fly and nested on the ground, therefore getting eaten along with it’s eggs. Don’t except that old excuse that “we are in it for the long-term” only to watch your portfolio constantly go in one direction….Down.
I understand going SHORT in the market to many people is like Un-American and due to pop culture is considered more risky than being LONG. I 100% disagree and now opened a whole different can of worms that I can't touch on without going on for way too long. I will touch on this subject another time. I will simply leave you with the thought that CASH is an Adequate Asset-Class. Being in Cash this month has saved my portfolio 7.2%....Enough said!
It really is unfortunate, because money-management is a sort of art, it’s a craft that has to be constantly reviewed, tested and is constantly evolving. The only crutch that these endangered LONG-ONLY MONEY MANGERS have is that they prey on the weak and the uninformed. Don’t be one of the uninformed, it’s your moola so ask tough questions, and don’t except the status quo. Afterall, the status quo saw your portfolio DOWN 30% over the past 10 years….DOWN 12% over the last 5 years…and down 6% this year alone! If these LONG-ONLY MONEY MANGERS don’t evolve, they will go the way of the DODO BIRD. Remember, the DODO BIRD couldn’t fly and nested on the ground, therefore getting eaten along with it’s eggs. Don’t except that old excuse that “we are in it for the long-term” only to watch your portfolio constantly go in one direction….Down.
I understand going SHORT in the market to many people is like Un-American and due to pop culture is considered more risky than being LONG. I 100% disagree and now opened a whole different can of worms that I can't touch on without going on for way too long. I will touch on this subject another time. I will simply leave you with the thought that CASH is an Adequate Asset-Class. Being in Cash this month has saved my portfolio 7.2%....Enough said!
Bye-Bye LONG ONLY MONEY MANAGER
Tuesday, August 24, 2010
Poll Questions...
Thanks to the 7 people who took the time to answer!
On average what has been the worst performing month for the Stock Market?
Answer: September (hang on to your britches...)
How many states in the U.S are up to date and have Fully-Funded employee Pension Programs?
Answer: 3 states!!! or a measely 6%....the 3 states are Florida, New York & Washington.
And the 2 Most UNDERINVESTED Pension programs are in California and Illinois....and the Governator gets made fun of....who ran Illinois?
P.S. Worth pointing out: When states run their Annual Fiscal Year budgets….these UN-FUNDED pension programs do not even count as a line item towards the Deficits…Meaning states are running these huge deficits WITHOUT factoring in the 30-50 years worth of Dough they owe their retirees….
On average what has been the worst performing month for the Stock Market?
Answer: September (hang on to your britches...)
How many states in the U.S are up to date and have Fully-Funded employee Pension Programs?
Answer: 3 states!!! or a measely 6%....the 3 states are Florida, New York & Washington.
And the 2 Most UNDERINVESTED Pension programs are in California and Illinois....and the Governator gets made fun of....who ran Illinois?
P.S. Worth pointing out: When states run their Annual Fiscal Year budgets….these UN-FUNDED pension programs do not even count as a line item towards the Deficits…Meaning states are running these huge deficits WITHOUT factoring in the 30-50 years worth of Dough they owe their retirees….
Monday, August 23, 2010
240 year old Quote...pretty eerie huh?
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy…”
Alexander Fraser Tytler, Scottish lawyer and writer, 1770
Amazing Mr. Tytler didn't even know about Nancy Pelosi's wardrobe or Rangle's hidden beach-house....as the late Johnny Carson used to say "Weird, Wild stuff!"
Alexander Fraser Tytler, Scottish lawyer and writer, 1770
Amazing Mr. Tytler didn't even know about Nancy Pelosi's wardrobe or Rangle's hidden beach-house....as the late Johnny Carson used to say "Weird, Wild stuff!"
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