New to 2+2 - Ask Me Something Investment Related - Page 4

ianisakson · 10-22-2008, 09:22 AM

ok i'll play along. Card, How long have you been a Financial Advisor? What states are you licensed in, and what licenses do you have? What other designations have you earned, are working on? If I was absolutely in love with one particular stock that had a 10 year average return of 8% and beta of 1.5, what percent of my portfolio would you recommend I invest in it for a 15 year time horizon and why?

Belok · 10-22-2008, 10:02 AM

CardX
What is your take on Iowa Farmland?

durkadurka33 · 10-22-2008, 10:33 AM

FWIW, real return bonds are "safe" from inflation.

Oh, and OP: way to jump into the shark tank with a bloody steak tied to your balls, nihan sir, you're very brave.

durkadurka33 · 10-22-2008, 10:33 AM

Quote:

Originally Posted by Belok

CardX
What is your take on Iowa Farmland?

I lol'd

DogsBrekky · 10-22-2008, 10:50 AM

Card X

4 questions for you

1. Did you sell any of your clients out of stocks entirely in late 2007 or early 2008 ?
2. What is the average return of your portfolios in 2008 for clients ?
3. Have you made more money in poker or the markets in the last year ?
4. Do you have any clients long MUNIs at this time

Borodog · 10-22-2008, 10:54 AM

Quote:

Originally Posted by Taylor Caby

lol somehow i knew this wouldn't go over well. card - it's probably too late now but your best bet is to just start posting in the forums, opine when appropriate, and if there is demand for this type of thread later you can always have one. the culture here is completely different than p5's, particularly in BFI.

Or get banned and start over with a new username.

Black Mamba · 10-22-2008, 11:03 AM

Card X,

You are spewing pure crap and have zero original thoughts. You continue to recite the propaganda given to you about buying and holding, stocks go up 10% a year, we'll get through this, blah blah blah. You have proven that you are totally ignorant of the root causes of why we are in this situation and what it will take to resume a normal market environment, nevermind prosperity.

I have zero respect for anyone claiming to be a financial advisor if all they do is preach asset allocation and diversification. That is total bull**** and you shouldn't be paid a dime for this destructive advice.

Logical/Critical thinking, foresight, and a proven track record are worthy of being compensated. Your financial advice is pure crap and you cannot provide any coherent reasons on why you advocate your clients to be in their positions.

Have fun destroying your/s clients wealth.

***BONUS TIP*** This is a secular change in credit creation, this is not a cyclical change. We are entering a totally new paradigm. Probably didn't incoporate that in your investment advice huh?

reddog133 · 10-22-2008, 11:30 AM

Quote:

Originally Posted by Taylor Caby

lol somehow i knew this wouldn't go over well. card - it's probably too late now but your best bet is to just start posting in the forums, opine when appropriate, and if there is demand for this type of thread later you can always have one. the culture here is completely different than p5's, particularly in BFI.

That is because people in this forum are actually intelligent. You knew that taylor!

CardXFactor · 10-22-2008, 11:55 AM

ok

I didn't expect the only people to respond to this were on a mission to prove me wrong. I quoted Warren Buffett, told my thoughts on the history of the market, and gave some super generalizations so that this stuff wouldn't go over everyone's head. In no way were my blanket statements about anything supposed to be right for everyone. Just because I'm adding more to my 401k and thinking positive about Buffett buying equities again doesn't mean its right.

I'll stop posting in this thread now because any thoughts that are not unique to one's situation will probably offend someone else and the whole purpose was just to say whats up and talk a little bit about the current market so I could learn what everyone knows as well...

Watchmaker · 10-22-2008, 11:57 AM

Quote:

Originally Posted by DogsBrekky

4. Do you have any clients long MUNIs at this time

Since one cannot derail a trainwreck, I'll inquire...

1) Get your azz over to Pro Traders Edge, plz sir.

2) I was discussing munis the other day- they seem to be getting a ****-ton of cheerleading right now because of their tax-relative yield, but IMO, their risk is hugely under-emphasized. Historically, when you look at the impetuses for various Muni defaults, it's almost like every single negative factor is present right now- to a degree far more severe than has historically been necessary to cause those defaults in the first place.

I'd love to hear if you are pro muni or anti muni right now, since you're one of the ten or so people who I bother listening to on this forum.

adios · 10-22-2008, 11:59 AM

Quote:

Originally Posted by CardXFactor

We have definitely seen some historic downturns that have been driven by a lot of bad headlines over the last few months. When there is bad news, people become fearful, which escalates the selling. When you add in troubled banks, mortgages, short selling, and fear; it makes for a tough market.

The good news is that market troubles have happened before many times and we have made through it, usually with relatively quick gains that last for awhile. There is no way of knowing when or what will turn the market around or make it go down again, but you can put your self to take advantage of almost any situation. Many people are buying stocks up right now, including Warren Buffett, who are long-term investors. Prices are extremely low right now and could be a great opportunity for those with a long time horizon.

Thanks for the advice. I see you're basically getting roasted in this thread. Prices are low though and I'm a buyer at these levels. Looking out 5 years from now, it's hard for me to believe that the S&P 500 won't outperform similar duration treasuries. I'll concede that I'm not sure about corporates though.

Borodog · 10-22-2008, 12:00 PM

Quote:

2) I was discussing munis the other day- they seem to be getting a ****-ton of cheerleading right now but IMO, their risk is hugely under-emphasized. Historically, when you look at the impetuses for various Muni defaults, it's almost like every single negative factor is present right now- to a degree far more severe than has historically been necessary to cause those defaults.

Completely, totally agree.

Alter Ego · 10-22-2008, 01:05 PM

Quote:

Originally Posted by CardXFactor

I quoted Warren Buffett, told my thoughts on the history of the market, and gave some super generalizations so that this stuff wouldn't go over everyone's head.

You're so far from going over everyone's head that it's laughable. It looks like you have much more to learn from this forum than you have to offer it.. (no offense)

BouncinRound · 10-22-2008, 02:40 PM

Hi all,
I know it's been a while since I've posted as I've been swamped lately. Anywho,

What is the best way to bet/invest on the emerging economies of the world other than the US (e.g. Brazil, Asias, etc.)? I got a decent position in EEM already does this give me enough exposure? Are there any other good ETFs to go with? I got a little bit of EWZ which is just Brazil, but it's only a tad.

Much Thanks!

Mark1808 · 10-22-2008, 03:59 PM

Card,

This forum has many experienced investors. You come in and make blanket statements that sound like you just got out of Merril Lynch training and act like you are going to help everyone with your brilliance.

How about this, advance a specific investment idea that makes sense for a specific type individual and give your rationale. Of course history will show that markets have always recovered, but one can kill performance by being too early or in the wrong things.

Your pitch is great for Joe Sixpack and his IRA. Have you outperformed the market for yourself or your clients over any meaningful period?