The part I enjoy most about this Vector for Invective (blog) is the fact that the Financial Industrial Complex and the media that breathlessly feeds at its trough provides such a target rich environment for my vitriol; sadly I lack both the time and depth of vocabulary to truly do their vapid pronouncements justice.
“Markets declined today in a wave of profit taking”
Really? And what inspired the buyers? Continue reading
Today, have a look at Thomas Beevers post Why the Individual can Beat the Institution Every Time; for all my ham-fisted rants, it is comforting to have an industry insider cite the common reasons for your mutual funds’ abysmal performance, and hence, why your chances to do better are so much greater.
Follow him; I do.
I cling to milestones. Not the expected ones, like birthdays, but those slightly ‘off the beaten path’ ones like ‘our first date’, or ‘do you realise it was five years ago today that we …’. And so it should come as no surprise that I awoke today feeling that 1. I haven’t contributed to my blog in a while and 2. Hey, it has been exactly 6 months today that I Continue reading
It’s a brief read, but Peter Hodson’s recent article in the Financial Post is a must read. Each point deserves a whole-hearted “yes, yes, dammit yes”!
I’ll allow myself one excerpt:
For every expert out there who thinks the market is going up, there is likely an equally smart person who thinks the market is going down.
It has now been over two years since I penned this email to the last mutual fund company left in my portfolio; as people understandably worry about this RRSP season (in Canada), searching for the best place to park their money, it seemed timely to put it out “in the wild”.
Take heart, there is life after decades of sub-par performances and the warmth of sunshine Continue reading
Found this in a today’s Financial Post:
The unfortunate truth is that, for many mutual fund companies, outperforming is not the primary goal.