Xyrus

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78 Comments

    • Tue Dec 2nd 13:57 PM
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      Commented on:
      Focusing on Commodity ETFs: Hyperinflation Seems Inevitable
      Incorrect. DBC is an ETF.

      ~X~


      On Dec 02 12:52 PM cma cma wrote:

      > DBC is also an ETN, I believe, sponsored by Deutsche Bank.
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    • Tue Dec 2nd 13:52 PM
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      The Fall of Index Funds
      Wow. Just wow.

      You're looking at a very limited subset of time and proclaiming indexing is dead based on your "foreseeable"... future. That's incredibly naive.

      As an exercise, list all mutual funds that have beat the S&P since 1980, barring expenses. You may note that the number of funds that have done so is exceedingly small.

      People who index don't look at 5 or 10 year records. They look at 20, 30, or 40 year records. They look at dollar cost averaging, which you completely omit.

      Why don't you get some real long term market statistics and compare actively managed mutual funds to index funds. You may just learn something.

      ~X~
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    • Mon Dec 1st 21:08 PM
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      Buy-Write Option Strategy Generating Nice Profits
      There is also BWV, the ETN version of the Buy Write. Along with this there is the closed end funds, but they have much higher expense ratios.

      CEFs: BEO, MCN, BEP, ETB, ETV, ETW.

      Normal cautions and due diligence on these folks.

      ~X~
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    • Wed Nov 12th 19:27 PM
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      Airlines: Land Mine or Gold Mine?
      How are airlines going to go up when nobody is flying?

      Like most other sectors, airline performance is driven by consumer need. With the world economies collectively in the tank, I don't see the airlines are going to do any better than other consumer driven sectors.

      ~X~
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    • Sun Nov 9th 20:23 PM
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      Market Not Risky Enough for You? Try These Two New Triple-Levered ETFs
      These and other levered products do not return 300% of the index. They return 300% of the daily percentage increase or decrease. In a volatile market, you better be sure you know the difference, as your returns may not be anything close to what you expect.

      Read the prospectus and then do the math on a couple of scenarios. You're return degrades over time in a volatile market. These are really better to hold in a trending market, unles you're going to day or swing trade.

      ~X~
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    • Sun Oct 12th 13:02 PM
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      Global Stock Markets: In the Grip of Fear?
      There is fear driven selling and there is logic driven selling. In this case, thy happen to coincide.

      One of the reasons why all these announcements of bailout and such don't sem to have any impact is because there is no truth hat these measures will do anything. That is backed up by the fact that they haven't one anything. Almost as soon as one plan is approved it either needs to be immediately increased or another plan has to be created.

      That ends up painting a picture that even our "leaders" really don't have a clue to how large and deep the credit crisis really is. Until they're more certain, people in general are going to sit it out on the sidelines and cash out.

      This is as much a crisis in confidence and trust as it is a financial crisis. Face it, the general populace has been lied to many time over the past in regards to the crisis. Firms have reassured their investors only to have to back track weeks later. Banks have reassured their depositors only to have the FDIC come in and take them over.

      If people don't trust banks, companies, or their leaders then they aren't going to put their money anywhere near them.

      And did I mention that the bailout package was extremely unpopular but was rammed through congress anyway?

      Here's the truth. No one knows how bad this is going to get. The Lehman settlement showed us one thing, that things are worse than they seem. Institutions still are not being 100% forthcoming. They will be forced to over the next couple of years, but until that happens the market is going to be a roller coaster at best.

      ~X~
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    • Sun Sep 28th 21:40 PM
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      A Magic Multiplier?
      The best way to get out of a hole is to dig a deeper hole. Then, from where you're standing, you're not in a hole.

      The banks screwed everyone over, and now we are bailing them out with our money. Absolutely brilliant.

      The banks need to fail. The pain needs to be felt. Nothing will change otherwise.

      ~X~
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    • Sun Sep 28th 21:26 PM
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      Commented on:
      Eight ETFs to Preserve Your Wealth
      WIP gives you foreign inflation-linked exposure to government bonds.
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    • Thu Sep 25th 21:07 PM
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      How to Punish Wall Street and Protect Main Street
      The bailout is nothing more than cushion for those companies. It will do NOTHING to help, and add everything onto the debt the taxpayer owes.

      If you want to see what happens with a tax-payer backed bailout plan, look at what happened to Japan. Same situation. Same plan. Financial disaster.

      There are consequences that have to be felt for anything to change. We'll feel the pain to be sure, but that is one hard lesson to learn. Find the puppet masters who orchestrated this mess, take everything they own. Sell all their assets. Use THAT money to help the recovery.

      My kids already will be in debt all their lives thanks to government largess WITHOUT this ridiculous golden toilet seat plan for corporate America to take a dump on Joe Sixpack.

      ~X~
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    • Thu Sep 25th 20:50 PM
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      In Defense of Capitalism
      I like your optimistic view about human nature, but it is incorrect. Money and power corrupt, and history has shown this to be true time and time again.

      This isn't the first and it certainly won't be last time that something like this occurs.

      ~X~
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    • Thu Sep 25th 20:43 PM
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      Commented on:
      Tracking 9 ETF Portfolios
      Short, hedged, or out are good options if you are a TRADER. If you are a long term investor who is dollar cost averaging, then this market turmoil is nothing but a series of buying opportunities. These portfolios are for the long haul.

      ~X~
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    • Mon Sep 22nd 13:43 PM
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      Commented on:
      U.S. Household Net Worth Is Up by 43% Since 2002
      And I'm sure it's just coincidence that the dollar lost about 40% of it's worth since then. In reality, wealth went nowhere.

      ~X~
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    • Thu Sep 18th 19:23 PM
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      Obama and McCain Don't Understand the Markets
      No regulations got us into this mess. The CDS market is a huge unregulated market trading opaque securities with high leverages.

      Don't blame it on the rule. Blame it on the banks. They took massive risks, and the rule effectively pinned them to the wall. They had to actually show the toxic garbage on their books. That's when the house of cards came falling down.

      Would you prefer them not to show us their books? Would it have been better to allow that huge unregulated market to keep going? And what then? What happens when a multi-billion dollar company has a multi-trillion dollar debt thanks to high leverage? Should we pretend everything is fine until the whole system implodes?

      Greed and hubris by the banks are once again leading the charge into economic destruction. It isn't the first time and probably won't be the last time.

      Greed is the power behind capitalism, but it is also it's nemesis. Too much greed destroys free markets. This is just another example.

      ~X~
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    • Wed Sep 10th 21:04 PM
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      Supply Side Economics Contradictions Live on in Washington
      Milkchaser,

      The answer is very simple. People keep electing the wrong people. Government costs money, and a lot of people profit from bigger government.

      The RINO neo-cons are anything but fiscally conservative. In fact, they're really only socially conservative. If you want the government to cut spending and in turn cut taxes without driving our debt further through the roof, you'll have to vote for individuals like Ron Paul. No one else, including McCain, is going to reduce spending by any significant degree.

      ~X~
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    • Sun Sep 7th 10:12 AM
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      Breaking Up with ETFs is Hard To Do
      It's called a long term horizon. You know, one that is slightly more than a week or a month. Find the Bogleheads forum and you'll see what I mean.

      My ETFs can drop as much as they want. If you're holding for a 30 year time horizon a small blip now is nothing to get that excited about. I just keep buying according to schedule.

      ~X~
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