Kolek planning to go pro
Yes, see the end of the previous thread. Then kindly STFU and don't ruin this one.
He said a number of years ago that he didn't think he was going to be able to beat the S&P500 anymore due to the size of BRK. EDIT: And over 10 years he is lagging 196% to 228%
His problem is simple ... instead of constantly bragging that he doesn't understand tech and spent that time learning about tech, and started investing in it in the 1990s, he wouldn't be this god awful.
Whether or not folks regard Buffett as a once-upon-a-time great investor, a no-longer great investor, a still-great investor or a never-was great investor, it means diddly-do to me.It's irrelevant to the conversation about whether it is "possible" to beat SPY. Of course it is; many do.Beyond that, the fact that many do is irrelevant as to whether most folks should invest in SPY. If somebody came to me and said, "I think I'm going to put the stock portion of my portfolio into SPY," I would not try for even one second to talk him or her out of doing so. It, and other good index ETFs and funds, is a logical vehicle for most to invest in.
Which sectors do you like? I'm a bit heavy in health care and I'd like some free advice
I do like health care. A lot of even solid names have been beaten down over worries about major changes to the way Americans receive health care -- even though it is highly unlikely that these major changes will be realized. One I've bought fairly recently is UNH. TSmith and I already have discussed ABBV. Even JNJ, the stalwart of stalwarts in the industry, is fairly priced.
Another one we mentioned in this space is CVS, which I think is still fairly valued if no longer cheap, and it has a nearly 3% dividend to keep the lights on while they finish their merger integration.A name I like is Hannon Armstrong Sustainable Infrastructure (HASI) a REIT in the sustainable energy space which includes not only green energy but even more mundane improvements like scale HVAC projects. Mind you, they've run up more than 50% this year so they aren't inexpensive either (though ignore the published PE number, that isn't how REITS are priced), but I think management is superb.The one thing in my portfolio that makes me really nervous is OHI. They just reported a decent quarter and even unexpectedly increased the dividend, but it is a real risky space...it is just hard to quit the juicy 6.1% yield.
Another one we mentioned in this space is CVS, which I think is still fairly valued if no longer cheap, and it has a nearly 3% dividend to keep the lights on while they finished their merger integration.A name I like is Hannon Armstrong Sustainable Infrastructure (HASI) a REIT in the sustainable energy space which includes not only green energy but even more mundane improvements like scale HVAC projects. Mind you, they've run up more than 50% this year so they aren't inexpensive either (though ignore the published PE number, that isn't how REITS are priced), but I think management is superb.The one thing in my portfolio that makes me really nervous is OHI. They just reported a decent quarter and even unexpectedly increased the dividend, but it is a real risky space...it is just hard to quit the juicy 6.1% yield.
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
CVS reports earnings tomorrow, and I'll be interested. I already own some, not really looking to add more, but maybe. They froze their dividend after running up debt in the Aetna acquisition, but yes still a decent yield. Most analysts think CVS is quite undervalued. I've owned it for about 3 years and it's been a net loser for me so far.
Query:Will the reduction/elimination of brokerage fees by the major houses increase the volume of existing day traders and/or the quantity of day traders?
Beat and raise, best kind of report.
I would imagine it may bring some in. But the problem is, and what people don’t realize, is that this just means these brokerage houses will sell your order flow to quant and hedge funds who will front run your orders. So it’s great if you have a few hundred bucks and you can make a $50 trade without losing $8 to TD Ameritrade on both sides. But this is actually a development that will long run hurt small sized day traders. There were already places like TastyWorks or Interactive Brokers that had lower commissions, this just changed the business model for brokerages from commissions to data sales
Interesting theory if not for the fact that it’s wildly illegal.
Since when has that ever stopped anyone?If someone makes $8-15ish on thousands of transactions, over millions of customers. Then suddenly that doesn’t decrease, it flat out vanishes. That company stock price should evaporate and the company be reeling on the ropes. Yet it isn’t. There is clearly a contingency plan and alternate revenue source they can rely on. I don’t know the specific machinations on it, but I know this won’t result in a pure win for the retail trader and a massive loss for brokerage houses. It was one of the first thing that some smart people I follow said in the immediate aftermath of the commission changes.
Anyone else buy Micron Technologies just because their symbol is MU?