Happy New Year!

This won’t be a market related post per se but just a thank you to readers of this site for a great year. It amuses me to no end that there is any interest at all in my ramblings here and elsewhere. I get tremendous enjoyment from the idea that I get to help some people learn a little more about investing and I also learn quite a bit back from reader comments. 2006 was a great year for me personally and the success of the blog contributed to the year. I hope 2007 will also be a good year. Good does not mean the market has to go up, here I am thinking about balance in our lives. Not sure if it comes through the blog or not but I spend a lot of time on my work but I have other interests. Spending too much time on any one thing is not ideal. I have other interests and hopefully you do too! It is an easy bet that 2007 could have more innovative products come out that allow do-it-yourselfers to have an ever better chance for success with their portfolios in the shorter run hopefully leading to reaching long term goals. Remember beating the market by 2% this year (if that is what you did) means nothing if you are investing for any type of long term goal. Chances are five years from now you won’t remember exactly how you did in 2006. Thank you again for 2006 and I hope you’ll continue to stick with this blog in 2007 as well. Happy New...

Blowing Off?

I don’t know. This chart is just a one month look and it is up 20 points. Zoiks. I have owned this one personally for a long time and admit I don’t know what to make of this. One thing I have mentioned several times before is that in a given quarter you don’t necessarily know where “alpha” will come from but if you are diversified you don’t need to know ahead of...

Blowing Off?

I don’t know. This chart is just a one month look and it is up 20 points. Zoiks. I have owned this one personally for a long time and admit I don’t know what to make of this. One thing I have mentioned several times before is that in a given quarter you don’t necessarily know where “alpha” will come from but if you are diversified you don’t need to know ahead of...

Tidbits

A couple of good comments came in on the post about T’s portfolio and there were a couple that came in on the post for Randall Forsyth’s ETF portfolio too. Some thought they each looked good and some offered critique for possible tweaks. This circles back to an important notion I have tried to convey about how do-it-yourself investors develop their own process by taking little bits from many different places. It is unlikely that T’s portfolio, although ideal for him, is ideal for you but it is likely that you picked up at least one useful nugget from what he is doing. One reader asked for OEF and ETF names for any frontier markets. There are no ETFs that I am aware of for real frontier markets-I don’t think of South Africa (EZA) as frontier. I don’t think of Russia as being frontier either but there are a couple of CEFs that focus on Russia with some other Eastern European exposure; CEE and TRF. One OEF that might fit the bill is from T Rowe Price with ticker TREMX. It is supposed to invest in the region but it looks very top heavy to Russia. Anyone can feel free to leave other ticker symbols as I am sure there are others. Is it me or are bears getting harder to find? I have no idea if a major turn is coming but I do know that when the next one comes very few people will see it...

Tidbits

A couple of good comments came in on the post about T’s portfolio and there were a couple that came in on the post for Randall Forsyth’s ETF portfolio too. Some thought they each looked good and some offered critique for possible tweaks. This circles back to an important notion I have tried to convey about how do-it-yourself investors develop their own process by taking little bits from many different places. It is unlikely that T’s portfolio, although ideal for him, is ideal for you but it is likely that you picked up at least one useful nugget from what he is doing. One reader asked for OEF and ETF names for any frontier markets. There are no ETFs that I am aware of for real frontier markets-I don’t think of South Africa (EZA) as frontier. I don’t think of Russia as being frontier either but there are a couple of CEFs that focus on Russia with some other Eastern European exposure; CEE and TRF. One OEF that might fit the bill is from T Rowe Price with ticker TREMX. It is supposed to invest in the region but it looks very top heavy to Russia. Anyone can feel free to leave other ticker symbols as I am sure there are others. Is it me or are bears getting harder to find? I have no idea if a major turn is coming but I do know that when the next one comes very few people will see it...