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| Articles about Portfolio |
| Portfolio B @ 27-June-2008 | | 2008-06-27 12:29:00 | | Transaction Costs are excluded.700 unit of PelikanAvg Buy Price = RM 2.72, Market Price = RM2.39, Unrealized Gains/(Losses) = (RM231)2000 unit of IPowerAvg Buy Price = RM0.23, Market Price = RM0.215, Unrealized Gains/(Losses) = (RM30)Finally today I bought another 200 unit of Pelikan @ 2.39. | | By: Nerdy Eddy | | |
| | Build a simple effective portfolio with low savings | | 2008-06-26 02:14:00 | | Money will never come as bulk. But, no enormous effort required making bulk money. The only requirements are correct idea and disciplined approach. I have indented this article to those who have very less savings each month but want to build a solid portfolio for long term. This idea included all required factors like goal, risk profile, age and balancing.There are belief and complaints from people who has very less savings in the month that, they don’t have enough money to invest to build a core portfolio. That is an entirely wrong thought. This belief coming from the grate myth, an investor required plenty of money to start investing and build portfolio. Even an ordinary person with very limited monthly savings can build a very effective and solid portfolio once if he read this article and follow the suitable method.In India, an average person can save Rs.2000/- per month. Compare to dollar it is 50 dollar per month. Whether the savings is in rupees or dollar or any other, doesn’ | | By: the ultimate value investing wisdom | | |
| | Portfolio B @ 25 June 2008 | | 2008-06-25 05:38:00 | | Transaction Costs are excluded.500 unit of PelikanAvg Buy Price = RM 2.84, Market Price = RM2.50, Unrealized Gains/(Losses) = (RM170)2000 unit of IPowerAvg Buy Price = RM0.23, Market Price = RM0.22, Unrealized Gains/(Losses) = (RM20)Losing around 11% of this portfolio initial investment. Still waiting for good call to buy. My current margin of safety for Pelikan is RM2.50. | | By: Nerdy Eddy | | |
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| Koen Demuynck | creative portfolio | | 2008-06-24 08:47:18 | | Получил массу позитива от просмотра портфолио бельгийского дизайнера Koen Demuynck. Все работы наполнены искромётным юмором и поражают профессионализмом исполнения!
Приятного просмотра!
http://www.koendemuynck.com/
Статьи по теме:
Рекламное фото Dan Tobin Smith | photography
blutsbrueder desi | | By: [_] Malevi4a | | |
| | Portfolio B @ 21-June-2008 | | 2008-06-21 01:25:00 | | Transaction Costs are excluded.500 unit of PelikanAvg Buy Price = RM 2.84, Market Price = RM2.60 Unrealized Gains/(Losses) = (RM120)2000 unit of IPowerAvg Buy Price = RM0.23, Market Price = RM0.225, Unrealized Gains/(Losses) = (RM10)Emmm... Made a mistake with Pelikan, previous assumed Margin of Safety is not defensive enough. IPower seems bottom around 0.21-0.23.Time to increase stake again. | | By: Nerdy Eddy | | |
| | Portfolio B @ 16-June-2008 | | 2008-06-16 09:25:00 | | Transaction Costs are excluded.500 unit of PelikanAvg Buy Price = RM 2.84, Market Price = RM2.71 Unrealized Gains/(Losses) = (RM65)2000 unit of IPowerAvg Buy Price = RM0.23, Market Price = RM0.235, Unrealized Gains/(Losses) = RM10 | | By: Nerdy Eddy | | |
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| Portfolio B @ 12 June 2008 | | 2008-06-12 06:36:00 | | Transaction Costs are excluded.500 unit of PelikanAvg Buy Price = RM 2.84, Market Price = RM2.73, Unrealized Gains/(Losses) = (RM55)2000 unit of IPowerAvg Buy Price = RM0.23, Market Price = RM0.23, Unrealized Gains/(Losses) = RM0 | | By: Nerdy Eddy | | |
| | Portfolio B @ 10 June 2008 | | 2008-06-10 09:17:00 | | Transaction Costs are excluded.500 unit of PelikanAvg Buy Price = RM 2.84, Market Price = RM2.83, Unrealized Gains/(Losses) = RM52000 unit of IPowerAvg Buy Price = RM0.23, Market Price = RM0.23, Unrealized Gains/(Losses) = RM0 | | By: Nerdy Eddy | | |
| | Updated 03-June-2008: My Experimental Portfolio B | | 2008-06-03 09:32:00 | | I caught a cold yesterday, that's why on medical leave today. Coupled with low blood pressure, I'm dizzy for almost the entire morning. Anyway, my hand was itchy when I stared at Maybank2u online stock screen, impulsively I added another 300 unit to my tiny portfolio B.Now, this portfolio got 500 unit of PELIKANHistoryRM3.00 x 100 unitRM2.84 x 100 unitRM2.78 x 300 unitAvg buying price now is RM 2.84, Unrealized Gain/(Loss) = RM(25), excl. trx cost. | | By: Nerdy Eddy | | |
| | Portfolio Review 6-02 | | 2008-06-02 18:45:00 | | I graduated High School last week and we left the next day to Chicago for summer vacation, and I now have enough time to sit down and get this portfolio review written.
I'm finished with High School, so I probably won't have too much trouble getting these posted around the 15-20th of the month, hopefully.
To start the current value of the portfolio is, $9,855.32, up around 9%, even though currently 10+% of the portfolio is in cash.
As usual I'll go over my current positions, sold positions and positions in which I'm interested. Also, in this post I'm going to write about something I've started with ym dad's portfolio to guage the reuslts.
Current Positions
American Express (AXP) $995.50 10%
American Express again stayed mostly still up just 3% since last month, I've stopped paying attention to it for the most part, because I don't have any worries about its brand or management.
Looking at the chart it got up to about $55, and its down to $45.25 now, if it gets back up in that ra | | By: Value INvesting, and a Few Cigar Butts | | |
| | IBM Rational Portfolio Manager (RPM) - Installation Best Practices | | 2008-06-02 02:31:00 | | The followings are some of the best practices or tips to avoid commonn pitfalls when you trying to install a new IBM RPM box. Your situation might not be the same as the one I illustrated here but you still might encounter the same errors/issues that I did.Best Practice 1: Make Sure Everything else is working FirstStart with installing the operating system, in my case, Microsoft Windows 2003 Enterprise Edition SP1 32 bit. Make sure that your operating system version and levels matched with those stated in the Installation Guide.Then install the database server. I installed IBM DB2 UDB version 8.2.0 Workgroup Unlimited Edition. Immediately, patch up the DB2 to Fix Pack 14 (8.2.7 or 8.1.14). After this, install the application server. I chosen IBM Websphere Application Server Base 6.1.0.0. You will need to download IBM Update Installer 6.1.0.x, where x is the fix pack version you want to deploy. In my case, I downloaded IBM Update Installer 6.1.0.15 because I want to patch up my WAS to 6 | | By: Nerdy Eddy | | |
| | Prosper Newsletter: Portfolio ROI Falls | | 2008-05-19 12:49:00 | | Prosper sent out a monthly newsletter that hit my email box today. The most astounding thing has been the rather notable fall in the portfolio ROI.
I had a hard time believing that the conservative portfolio estimated return had dropped to 5.10%. I remember the heady days of 8% anticipated returns with the Conservative portfolio. With Bankrate showing some 3-year CDs offering 4.45%, what exactly
| | By: Prosperous Land | | |
| | Simple investment portfolio strategy for persons from different risk profile | | 2008-05-16 12:30:00 | | Today I am saying you about the strategy each person have to have when preparing there portfolio as the part of their financial plan. Risk assessment is the major part of portfolio planning and that is the base to decide how and where a person should invest to build his investment portfolio. In this article I am bypassing the other required factors in a portfolio construction like age, financial back ground and investment horizon.To ease the complication and understand the same well, I am classifying the investor to three groups as per their different risk taking capacity. Aggressive, moderate and conservative. The method and model portfolio mentioned in this article have a time horizon between 5 to 15 years.An aggressive person can take risk till the maximum extend and he can design a portfolio with an 80 to 100% of equity exposure. He can balance his portfolio depends on his age and I have mentioned the balancing rule in my previous article. The investment instruments for the person | | By: the ultimate value investing wisdom | | |
| | How to Build a Simple, Low-Stress Portfolio | | 2008-05-08 12:27:00 | | By Andrew Gunter It has been about a year since subprime contagion swept the nation, and what a year it's been. We've seen a gold rally, fast and deep interest-rate cuts, and oil prices that remain stubbornly near all-time highs. The uncertainty has taken its toll on stock markets: From May 2007 through April 2008, the S&P 500 lost about 4.7%. Much of the pain came in this year's first quarter, the index's worst in more than five years.This return of heightened volatility in both stock and bond markets has prompted a lot of worried questions from our readers regarding what kind of overhaul might be appropriate for their portfolios. But making big adjustments to your portfolio based on short-term market news is rarely a good idea. Instead, investors attempting to get their sea legs amid all the volatility should focus on building simple portfolios that can withstand market ebbs and flows.Two AssumptionsI made a few assumptions as I went about suggesting simple portfolios. The first | | By: How to be Rich, Happy and Free from Scams | | |
| | Amrita TV creates vacation portfolio | | 2008-04-30 11:37:00 | | Media NewsThiruvananthapuram, April 29, 2008To coincide with summer vacations, Amrita TV has planned a mix of programmes and events targetting youth and kids."Super Star Holiday Special" has been launched as a prime time weekday programme ( 7 pm),which brings together the finalists of highly rated reality shows, "Super Star Junior" and "Super Dancer Junior" and creates a collage of reminiscences,performances and updates from the super star kids about their current projects.The month of May will also see the holding of a mega audition event for "Let's Dance",the new dance show for couples in the 18-30 age group .Showcased as a public event, shortlisted contestant-pairs will perform before top choreographers like Kalamaster to gain entry into the coveted Final 15 Roster of "Let's Dance ", which will go air in early June on prime time on weekdays."Junior Genius",the novel reality show for 12-14 year olds which seeks to nurture a unique blend of IQ,GK,Artistic Skills,Life Skills,Social Ski | | By: Malayalam Television Channels | | |
| | Zebida Portfolio | | 2008-04-26 16:04:37 | | Zebida.com where you can view my Portfolio.
My career goal is to find a position that utilizes my design and technical skills to their fullest in order to produce the best work possible. I am a highly self‐motivated and goal oriented professional pursuing a senior role with a talented group of individuals to create web sites [...] | | By: Life Thinking | | |
| | Portfolio April 08 | | 2008-04-16 11:12:00 | | Last TimeThe last post was on the 19th, but I've decided to take a quick break from the checklist, the valuation post has a ton of methods, and update the portfolio now, after some recent sells.The current total amount of the portfolio is $9,069, subtracting $500 in cash I added and it's at $8,569 which is an 8% gain, representing a very strange up month, and here we'll find out why.PositionsAmerican Express (AXP) $967.72 11%AXP is currently trading for $43.76, which is up 4% from $42 where it was on March 19th. It currently represents 11% of the portfolio, which is down a percent since the last post mainly because the portfolio as a whole is up higher than it is.Since the last post American Express bought GE's money unit, but there hasn't been any other real news.I currently believe American Express probably has too much allocation as opposed to its gain potential and would consider selling part of it if it goes up to around $50-5 to raise money for other positions with better potenti | | By: Value INvesting, and a Few Cigar Butts | | |
| | How to balance a portfolio with magic of maths | | 2008-04-14 07:28:00 | | Everybody in the investing world probably heard the must requirement of portfolio balancing depends on your age. Balancing your portfolio between equity and debt investment instruments entirely depends on the Golden Investment Balancing Rule, “Reducing your age from 100 and have the resulted percentage in equity and rest in debt instruments”. For example, if your age is 25. Subtracting 25 from 100 will give you 75. In your case, your portfolio should have 75% of equity exposure and 25% in debt instruments. I agree.But there is a hidden and difficult part if you look deep inside to this balancing formula. Before saying the same, you should know what the exact result the rule makers intend to give by this rule.By this rule, someone should balance there portfolio properly from the younger age when he starts investments with maximum equity and minimum debt exposure. But, when he reaches to the age of retirement, his portfolio should have maximum debt and minimum equity exposure.Here is | | By: the ultimate value investing wisdom | | |
| | Stock Broking Sales Positions with Seeta Portfolio Lucknow | | 2008-04-05 06:49:01 | | POSITIONS WITH SEETA PORTFOLIOBranch Managers Department - Marketing Location - All over UP No Of Opening - 2 Age - 28-35yrs. Qualification - MBA ( Fin. Mktg.) Experience In Years - Min. 3 yrs. Candidate Profile - Should have sound working knowledge of Financial market Excellent leadership & Commu. skills Scope and Responsibilities - Develop branch as Profit Centre Managing all the functions in the branch Relationship Managers Department - Marketing Location - Major cities of UP No Of Opening - 8 Age - 22-30 yrs. Qualification - MBA (Fin. / Mkg.) Experience In Years - 1-3yrs. Candidate Profile - Should be a Go-Getter Have good Lead | | By: Indian Stock Broking Jobs | | |
| | m0sk | portfolio for Miciej Mizer | | 2008-04-02 08:07:09 | | Miciej Mizer - польский дизайнер, занимается фотографией, компьютерной графикой, web-дизайном, граффити… Все работы очень красочные и позитивные. То, что доктор прописал!
m0sk | | By: [_] Malevi4a | | |
| | Recommended portfolio | | 2008-03-30 11:24:00 | | I recommend a portfolio composition as below:An ideal portfolio composition for the short term (till end-2008) would be:15% in gold: Buy at declines or invest in Gold ETF.25% in fixed deposits10% in government bonds or schemes like PPF etc.10% in ULIPStocks- Power generation, transmission (NTPC, BHEL, ICSA) : 5%- Infrastructure: 5%---- Ship-building (ABG Shipyard, Bharati Shipyard)---- Diversified construction (L&T)- Pharmaceuticals (Nectar LifeSciences, Ranbaxy, Dr.Reddy’s Labs ): 5%- Mining (GMDC, NMDC): 10%- Oil & Gas (Reliance, GAIL, ONGC): 10%- Communications (Airtel, RComm): 5%Complete story here
| | By: Quick Scrip | | |
| | Whisper in the Woods portfolio | | 2008-03-23 22:34:42 | | I’ve received my copies of the latest Whisper in the Woods Nature Journal featuring my work, and it looks great. In addition to the front and back cover, there is a portfolio of 17 of my wildlife images, including the diaphanous snail below.
I’ve been getting lots of great feedback, and have been invited to [...] | | By: Wild Light | | |
| | Designshack featured my web/blog design portfolio | | 2008-03-23 03:06:00 | | Nothing is more satisfying to a designer than being recognized for their efforts in creating a design. I finished putting together my portfolio about last month and since then I have been included in a few web galleries and top X lists, which makes me all giddy every time it happens.It is even more awesome that Designshack decided to include me, because I often use their website to find inspiration from the web’s best. Besides the little moment of fame, it is also a great way to get traffic and spread the news that your site has launched. Just another benefit of having a great design for anything, including your blog.Unfortunately, this blog’s design is not ready yet and needs some tweaking with the details to make it good enough.In other news though, I have been tweaking with this theme’s code in order to turn it into a gallery. Yes, there will be a blog design gallery with not only blog designs, but their elements too. The elements include, but certainly not limited to comment | | By: klikwae | | |
| | Alfa Developments acquires Landmark’s portfolio | | 2008-03-20 16:34:00 | | Alfa Developments, fully-owned by Bulgarian industrial group Alfa Finance Holding, has formally notified the Commission for the Protection of Competition (CPC) of its intention to acquire 75 per cent in property developer Landmark, Alfa Finance said in a statement on March 17. The proposed deal needs CPC approval to go through. The seller is Bridgecorp, owned by Landmark managers Richard McDonald and Tanya Kosseva-Boshova, who acquired the company last year for 210 million euro in the biggest re-sale transaction on the Bulgarian real estate market. Bridgecorp's shareholders will continue to hold a 25 per cent stake. Alfa Developments is planning to expand the portfolio with new acquisitions of assets in Bulgaria and on the Balkans.
| | By: Bulgaria Real Estate News | | |
| | Portfolio again | | 2008-03-19 20:40:00 | | - First Time
- Last Time
Good News
First, some college stuff. I don't know if anyone's keeping track, but I am a senior this year, so will be graduating high school in one term - 2 months and twelve days actually.
I only applied to one college, but my aunt and two cousins went there, plus I got a 28 on the ACT so I was admitted :-)The college is Westminster which is a small liberal arts | | By: Value INvesting, and a Few Cigar Butts | | |
| | Flash Tutorial - Animate your portfolio | | 2008-03-17 06:21:51 | | An online portfolio is an essential tool for anyone in the creative industries, and it’s likely to be what you’re judged by whether your job has anything to do with designing websites or not. It’s important, therefore, to create a web presence which both displays your work well and has a strong, professional-looking interface. [...]
| | By: Flash Enabled - Get Ready with Flash... | | |
| | | How to make your Portfolio Recession-Proof | | 2008-03-04 11:49:00 | | While it would be Utopian to have the economy grow at a stable rate, economic recessions are a fact of life and are as unavoidable as the setting of the sun. Like the sun, the economy goes through periods of rising (growth and expansion) and periods of setting (decline and recession).In this article, we will look at how to properly invest as the economy moves through the setting phase - recession.What is a Recession?A recession can be defined as an extended period of significant decline in economic activity including negative gross domestic product (GDP) growth, faltering confidence on the part of consumers and businesses, weakening employment, falling real incomes, and weakening sales and production. This is not exactly the environment that would lead to higher stock prices or a sunny outlook on stocks.Other aspects of recessionary environments as they relate to investments include a heightened risk aversion on the part of investors and a subsequent flight to safety. However, on the b | | By: Indian stock markets | | |
| | Build a perfect portfolio for your Kid | | 2008-02-29 04:58:00 | | All loving parents have a dream on their kids and willing to provide the best education from the beginning. At present, we all are well aware about the difficulty to meet the huge expenses for higher studies. Is there any solution for this? Yes. As an intelligent parent, you should identify have a well defined financial plan to meet the requirements.One secret is to remember when planning for kid’s future, it should start at the early stage and the money should grow along with your kid. To grow the money along with your kid, good study required before making any investment decision.Here is my personal plan for my kid: I have planned and started when my baby was one month old. With this plan, I am giving her a good mix of mutual fund portfolio of 12 – 15 funds, both equity and balanced mix, when she is reaching at the age of 15. To achieve this, in the beginning of each financial year, I am starting an SIP (Systematic Investment Plan) with a good mutual fund for next 12 months. Upo | | By: the ultimate value investing wisdom | | |
| | Interesting Portfolio Date Range | | 2008-02-27 10:12:00 | | Prosper had an interesting disclaimer on their estimated loss information associated with the portfolio plans.
1 Estimated average annualized loss rate based on the historical performance of Prosper loans for borrowers with similar characteristics, originated between Oct-31-2007 and Oct-31-2007, measured as of Nov-30-2007. Actual performance may differ from estimated
| | By: Prosperous Land | | |
| | The right time for a conservative portfolio | | 2008-02-22 13:10:00 | | Age isn't the only factor in deciding when to safeguard your retirement nest egg. You need to assess your willingness and need for risk before you can decide on when to change your investment mix.By The Mole, Money Magazine's undercover financial plannerNEW YORK (Money) -- Question: My husband and I disagree on when it is time to diversify our retirement accounts. We are 46 and plan to work until full retirement age. Our accounts are invested mostly in mutual funds that are solely invested in stocks.We don't want our retirement nest egg taking a hit from a market downturn at a time when we are getting ready to retire and can't wait for the market to turn back around. At what age or point does one begin to diversify accounts to include bonds? The Mole's Answer: Answering this question is one of the most valuable services a financial planner can provide to their client. The answer is a combination of mathematical probabilities and the much more complex understanding of the emotional comp | | By: How to be Rich, Happy and Free from Scams | | |
| | MOSAIC Home Builders Real Estate Portfolio – Currently Selling | | 2008-02-16 16:32:00 | | Links Rowhome Community by MOSAIC Homes in Port Coquitlam Located in PoCo, the Links Row Homes and townhomes are a great new real estate development in a perfect location. We are not easily impressed according to their marketing: In a city overwhelmed with choices, MOSAIC Homes strives to build homes that surprise others; LINKS rowhomes in Port Coquitlam is a showcase of our quest. Overlooking a majestic golf course, with breathtaking mountain views, we found the ideal site to build a community of two, three and four bedroom rowhomes minutes from cafes, malls, farmers, markets, mountain trails and lakes. We have carefully considered every detail at the Port Coquitlam Links rowhomes by MOSAIC – from doorbells to closet space to rooflines to the pedestrian pathways which circle around common parks and gardens. So whether you are walking your dog or picking up your mail, you will see nature. You will be part of a vibrant village at the Links rowhomes by MOSAIC Homes. You will feel | | By: Vancouver's New Construction Real Estate Developme | | |
| | Why Debt Funds in your portfolio? | | 2008-02-09 04:27:00 | | Investments in debt forms a part of every investors portfolio, either as debt funds, fixed deposits or bonds. Tax efficient returns and diversification of assets are some of the reasons why debt funds will play a bigger role in an investor’s portfolio.Tax Efficient returns: Countries like India, with debt funds poised to give 9-10 per cent returns, they are comparable to bank FD’s, and better than the administrated return schemes to this end. Add to it the tax benefits. Unlike interest from bank deposits, which are taxed at the marginal rate of taxation applicable to the investor, dividends from debts funds are exempt from tax.Rebalancing the portfolio: Equity fund will give outstanding returns to investors when it is the peak. With market touching new peaks, it is probably time for prudent investors to rebalance there portfolios by booking long term capital gain from equity funds. Income funds and debt funds can be used to park such gains. Moreover investors can use tools such as | | By: the ultimate value investing wisdom | | |
| | Smooth, rounded portfolio layout | | 2008-02-04 14:59:02 | | In this tutorial you will learn how to design a smooth, rounded portfolio layout.
Designing a layout is pretty easy when you have your idea written in your head, or on paper.
Sometimes even a simple thing looks good. The old one: “Less is more”
This is what this tutorial is.
Simple and cool looking smooth portfolio layout. | | By: Tutorials007 | | |
| | | | Whitney Tilson: Concentrate that portfolio | | 2008-01-21 21:15:00 | | As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification. Few, of course, would argue for the extremes: owning only one or two stocks invites potential disaster (ask those whose entire retirement portfolio consisted of Lucent or Enron stock), while owning hundreds makes it very difficult to outperform the market.Between the extremes, however, those advocating both more or less portfolio concentration have defensible arguments.Full Article: FT.com
| | By: Focus On Value | | |
| | | Prosper Adjusts Portfolio, Lender Bidding Guidance Criteria | | 2008-01-12 10:10:00 | | Just as they had done last month, Prosper has yet again refreshed the portfolio and lender bidding guidance statistics. Unlike last time, these changes are large and significant. Both are now making extensive use of DTI and loan amount, two known risk factors that Prosper has not previously controlled.
For the portfolios, Prosper has added additional standing order criteria based on DTI, Loan
| | By: Prosperous Land | | |
| | Recession-Proof Your Portfolio | | 2007-12-26 11:05:00 | | by Annie Sorich There's lots of talk of a recession these days, making many investors nervous. What exactly is a recession? The technical definition is two quarters (six months) of negative gross domestic product growth. (GDP is the total market value of the new goods and services produced during a specified time span.) More simply, a recession describes a shrinking economy rather than a growing one.Although a downturn in market performance isn't necessarily a recession, the two can go hand in hand, as the last two recessions in 1990 and 2001 suggest. Currently there's not a consensus on whether the U.S. is in a recession, heading for a recession, or simply slowing down a bit, but it never hurts to be ready. Below are a few important steps to take when the economy turns sour.Buy, Don't SellWe all know the old adage "Buy low, sell high." Yet that's the opposite of what some people do when the economic climate looks gloomy. The start of a recession is not the time to liquida | | By: How to be Rich, Happy and Free from Scams | | |
| | Hiccup In Portfolio ROI Estimation | | 2007-12-05 08:54:00 | | Prosper refreshed the statistics for the bidding and portfolio ROI in the last day or so. The new statistics are for loans underwritten between June 1, 2006 and Sept 30, 2007 as viewed from Oct 31, 2007. Prosper Andrew has suggested that it takes several days for all of the ACH transactions to settle out in the statistics, which I'm guessing is why they don't use Nov 30 as the observation date.
| | By: Prosperous Land | | |
| | How to Protect Your Portfolio | | 2007-10-18 18:40:00 | | By David Bogoslaw Once burned, twice shy. Even though the major stock indexes are trading at record highs and concerns about a possible credit crunch-led recession have abated slightly, many of today's investors have vivid memories of the market meltdown of 20 years ago. No surprise, then, that one feature distinguishing the current stock market from the one that crashed in October, 1987, is evidence of more caution among investors.It wasn't that way back when Gordon Gekko of Wall Street was telling investors that "Greed is good." Twenty years ago, traders in thrall to the possibilities of making money by exploiting the differentials between stock index futures and the underlying stock indexes were buying and selling without covering themselves with an opposing transaction, a strategy that would have afforded them some protection when their bets went sour.Today, they're much more likely to put safeguards in place to hedge against downside risks. Since 1987, the average daily trading volume of options has more than tripled, with index options in particular seeing growth in volume, open interest, and liquidity.More Players, More Protective ToolsThe primary difference between today's index futures market and that of 20 years ago is that there's now a much larger pool of participants, including hedge funds, creating a more diverse and liquid market, says Scott Warren, managing director of equity products at the Chicago Mercantile Exchange, which specializes in index futures. Circuit breakers in the futures, cash, and options markets that temporarily halt trading after a drop of a certain percentage also limit the magnitude of bearish events, he says.In addition to the market's much greater ability to absorb large buy and sell orders of stocks and options, there's also a much better understanding of the strengths and limitations of protection strategies, says Jim Bitman, senior instructor at the Chicago Board of Options Exchange's Options Institute. "People still remember 2001 and 2002 a little bit, so they're probably trying to take some protective measures," and leaving more money on the sidelines, says Jody Team, president of Team Financial Strategies in Lewisville, Tex.To protect clients' portfolios, money managers are using a host of sophisticated hedging tools intended to offset risk to their core stock holdings. One such tool: inverse index funds. These so-called bear funds are designed to move in the opposite direction of the index to which they are benchmarked, such as the Standard & Poor's 500-stock index.Inverse Index InvestingThe inverse index mutual funds at Rydex Investments don't short the indexes themselves. Instead, they use derivatives such as index futures, which can be traded and rolled over into later periods more cheaply than shorting the stocks themselves, says Jim King, director of portfolio management at Rydex. They're still at risk of losing money, but they can't lose any more than they put into the fund, King says. Investors are "long" the fund, while the fund takes the short positions, but the returns are the same as if clients were actually short the index. "It's up to us to keep the fund from losing more money than it has," he says.Inverse funds can be especially useful in retirement accounts, where investors don't otherwise have options to short the market. Among the 11 inverse funds that Rydex manages are a few that give shareholders twice the leverage to the underlying index. The Inverse S&P 500 2x Strategy, for instance, gives investors twice as much return for each percentage move down in the S&P 500, but it also generates double the loss for any uptick in the index.A Little Leverage Goes a Long WayOne reason for the popularity of these extra-leveraged bets, also known as ultra funds, is that they give investors the same amount of exposure as the regular fund, with a commitment of only half the money. But because they're twice as risky, King says Rydex tries to make sure customers understand the implications and prefers they work with financial advisers instead of buying directly from Rydex.Of course, leverage has to be used wisely. The use of stock index futures accelerated selling pressure in the 1987 crash, but King says that was primarily a result of the way they were used, as opposed to a fundamental flaw in the instruments themselves. "It all comes down to the degree of leverage," he says. "Our funds are leveraged at most 2 to 1. A person using index futures could get leverage approaching 10 to 1 if he wanted to. That's where folks get into trouble. They take on a lot of leverage, where even a small move in the market can wipe out their position."The trick to making money from inverse funds is to invest in them before stock prices start to fall, says King.A Healthy MarginHaving been caught in the downdraft in October, 1987, losing a lot of his clients' money, Joseph Biondo Sr. believes in keeping portfolio protection simple. Since the large amount of money borrowed on margin to boost positions was a key contributor to both the 1929 and 1987 crashes, "we limit the amount of margin we'll have a client use to 20% instead of the 50% cap that regulations (allow)," says Biondo, the founder and senior portfolio manager of Biondo Investment Advisors in Milford, Pa.For a client who has put up $100,000 to buy $200,000 in stock, it takes just a 50% drop in the market to wipe out the initial investment and force the investor to use the remaining $100,000 to pay back the loan. "We'll only borrow 20% to buy stock, so essentially stocks have to go down 80% for a client to be bankrupt instead of 50%, and that's never happened," he says.Hedging with Exposure to All Asset ClassesThere seems to be an unspoken belief in the financial industry that history repeats itself, but Bill Neubauer, an independent financial planner in Miami, says he tries to position his clients for crises that haven't been seen before.For Neubauer, the only way to really minimize risk is through extreme diversification, by adding more asset classes that behave differently from one another. Four years ago, he began adding real estate to clients' portfolios. Then he began to shift toward greater international exposure in all asset classes, expanding from stocks to include bonds, currencies, and real estate. International assets now account for 70% of his clients' portfolios, which total roughly $30 million."For them to have a hedging function, they have to be in fairly meaningful quantities," at least 5% of the total portfolio, he says. "The thing people really worry about is correlations and negative correlations being tossed out the window when everything goes down at once." Dispersing his clients' portfolios among five or six major asset classes and 18 subclasses has produced a much smoother ride, he says.Targeting Vulnerable SectorsInvestors can also hedge based on a belief that one type of stock will do worse than other types under certain economic conditions. Team, of Team Financial Strategies, invests in inverse funds that track the Russell 2000 index because he thinks an economic downturn would be much harder on smaller-cap companies. But he balances that by concentrating his long positions in a small number of stocks that are owned by a few value-oriented fund managers he trusts and that trade at a discount of at least 30% to multiples like price-to-sales and price-to-earnings.Exchange-traded funds that target particular sectors are another sharp tool for building protection into a portfolio. Kipley Lytel, managing partner at Montecito Capital Management in Montecito, Calif., has been buying shares of UltraShort Financials ProShares (AMEX:SKF - News), an inverse index ETF, on the belief that financial stocks are overpriced and still vulnerable to the credit crisis. "So as financials go down, we'll make money." Montecito's portfolio also includes hard assets like commodities, as well as high-yield and hybrid equity funds, like Hussman Strategic Growth Fund (NASDAQ:HSGFX - News), that can buy index put options.The burgeoning portfolio protection strategies probably deserve most of the credit for keeping a lid on irrational exuberance, but the additional caution may also reflect the aging of the biggest investor population, the baby boomers. "They're a little more senior and mature. There's a realization that sensible returns -- between 7% and 15% -- are acceptable, where there was time in the 1990s and late 1980s when people wanted high 10s, low 20s returns," says Biondo. "As people get a little smarter and older, they realize that's not reality and that if you get those types of returns, they're short-lived." | | By: How to be Rich, Happy and Free from Scams | | |
| | Recent Portfolio Updates | | 2007-10-06 21:30:00 | | Although a little late on some, here are my recent portfolio transactions:Sold China Mobile (CHL) at $64.98/share on 9/10/07. Originally purchased 10/7/03 for $14.01/share. Gain of 363% (92.3% annualized). Shares are currently trading at $84.94.Sold Markel (MKL) on 9/10/07 for about even what I paid in 4/2007.Bought American Eagle (AEO) 9/11/07 for $24.56. Currently priced at $25.65. 4.4% return. I once owned American Eagle and have since bought it back.Sold AutoZone (AZO)7/20/2007 for $134/share. I purchased shares in October and November of 2005 for an average price of about $80/share. Gain of 67.5% (39.4% annualized). Shares are currently trading at $124.59.Bought more Sears Holdings (SHLD) in August for $141.48/share.
| | By: Focus On Value | | |
| | | Hotel Le Parc Joins Marriott International’s Renaissance Brand Portfolio in Paris | | 2007-09-27 03:24:00 | | Almost a century-old, the Le Parc Hotel was formed by the merging of two main buildings and annexes. The first, at 55/57 Avenue Raymond Poincare, was built in 1912 and immediately became the residence of choice for the elite of Parisien society of the time. The second, the Hotel Particulier at Number 59, former residence of Alfred Nobel, is older, having been rebuilt in 1910 in the Art Nouveau style by architects Charles Letrosne and Camille Garnier, and holds a partial listing in the listings of French historical monuments. Its lush garden at the rear of the hotel is surrounded by buildings that previously housed the bronze and glassware workshops of the famous jeweler Bagues.
| | By: France travel news | | |
| | CCA Portfolio Requirements | | 2007-09-25 18:59:18 | | The CCA has set out some new portfolio requirements its first year students. They seem fairly straight forward, but I have a few concerns. You can download the official PDF document here: CCA First Year Portfolio Guidelines.
Here are the requirements in full: | | By: CCA Confidential | | |
| | XML/XSL Portfolio | | 2007-09-19 19:20:00 | | So i just created my portfolio with XML and an XSL style sheet. Im not gonna lie it's pretty cool. All i have to do now is update my XML, which is just a list for all you people who have no clue what it is, and the page is updated. The best part was how easy Dreamweaver made the whole process. All you do is bind the XML to the XSL sheet while your developing it and you get a live view of your page. You pretty much just drag and drop the elements of the XML into tables, images, URLs etc. Then when all is said and done i added a little CSS to make it look good. This could be the beginning of a long and prosperous relationship with XSL.Portfolio: lawjik.net/bishop | | By: Jon Bishop's Blog | | |
| | Clean Portfolio Layout Tutorial | | 2007-09-15 16:50:00 | | This Adobe Photoshop tutorial will show you how to create a clean looking layout for your personal portfolio website. The effects use here are very simple and novice Photoshop users should be able to follow this tutorial fine. I will be using Adobe Photoshop CS2 for this tutorial. I plan to upgrade to CS3 later this week, so look for more CS3 tutorial in the future.VIEW THIS TUTORIAL | | By: All Design Graphic Tutorial | | |
| | Mean-Variance Portfolio | | 2007-09-14 20:28:49 | |
Prima di partire per questo weekend, scrivo un simpatico post abbastanza tecnico di finanza, con la speranza che possa essere utile per chi si avvicina al mondo dei mercati, oppure semplicemente per i curiosi del web...
Il discorso comincia intorno agli anni '50, quando un certo Harry Markowitz (vincitore, poi, insieme a Merton, Miller e Sharpe, del premio Nobel per l'Economia nel 1990) comincia a teorizzare l'idea che il concetto di rischio di una qualsiasi attività finanziaria fosse legato alle variazioni dei prezzi di questa attività intorno al suo valore medio. In sostanza, Markowitz individuò una prima misura di rischio, anche se la letteratura finanziaria ha poi declassato questa teoria, dato che si è riconosciuto che la varianza (come anche lo scarto quadratico medio) non è una misura di rischio coerente, e quindi non soddisfa le condizioni fondamentali che una buona misura di rischio deve necessariamente rispettare.
Tornando, però, al | | By: Le Ragioni dell'Amore | | |
| | | | | | Hotel portfolio sale includes Albuquerque property | | 2007-08-24 18:09:00 | | Equity Inns Inc. is acquiring a portfolio of eight hotels that includes a Residence Inn in Albuquerque for about $90.5 million. Equity, based in Germantown, Tenn., is a hotel real estate investment trust. The hotels in the portfolio include four Residence Inn by Marriott properties in Spokane, Wash., Shreveport, La. and Kansas City, Mo., in addition to Albuquerque. It also includes two Courtyard by Marriott hotels in Reno, Nev., and Shreveport, as well as a Fairfield Inn and Suites in Reno and a Fairfield Inn in Shreveport.
| | By: Hotel real estate news | | |
| | | Portfolio Turnover: Should You Care? | | 2007-08-01 13:52:00 | | One of the mantras of mutual fund investing is to look at a fund’s turnover before you buy it. The implication is that a high turnover is bad. (Turnover is the percentage of a fund’s holdings that are traded during a year. Funds can have a turnover greater than 100%, which means that their average holding period per investment is less than one year.) Many mutual fund screening tools have portfolio turnover as one of their filters and you can usually find a fund’s turnover (expressed as a percentage) on the fund’s snapshot page or by doing a little digging on the fund’s website.
Here’s the first argument as to why turnover is bad. Higher turnover results in higher expenses because of higher transaction costs. This is true both for stock and bond funds, although turnover is even more relevant for bond funds. Why? Transaction costs are greater and trading spreads are wider for bonds (except for US | | By: MUTUALDecision Blog - The Mutual Fund Blog Dedicat | | |
| | Igal Ahouvi and Yitzhak Tshuva bought Jelmoli Holding’s portfolio of 88 properties | | 2007-07-31 23:03:00 | | LONDON, July 31 (Reuters) - A consortium led by Israel's Delek Real Estate (DLKR.TA: Quote, Profile , Research) said on Tuesday it agreed to buy properties worth 3.4 billion Swiss francs ($2.8 billion) from Switzerland's Jelmoli Holding AG (JEL.S: Quote, Profile , Research)(JELN.S: Quote, Profile , Research). Delek has bought 88 prime Swiss properties in partnership with its London-listed subsidiary Delek Global Real Estate (DGRE.L: Quote, Profile , Research) and Igal Ahouvi's Blenheim Properties.
| | By: Israel real estate | | |
| | | Portfolio and Watchlist rollercoaster | | 2007-07-18 19:55:07 | | Woah - hold on!Lots has happened since my last post two days ago.Overview is as follows:I sold FTK due it continuing to fall. My lesson from this stock was that I shouldn't have bought it half way through the day. My screen didn't show it at the end of the day and so should not have been included. I sold it at a loss of -12.47%I sold OYOG for a profit of +11.02%. This stock was chosen on the basis of good fundamentals and it had also been gaining nicely on my watchlist for a couple of days.I sold VSEA for a profit of +12.59%. Same as above. See my comments on the next blog regarding some potential new rules.My portfolio now looks like this:JOSB -3.53% 07/17/2007 DWSN -0.12% 07/17/2007 CPX -6.24% 07/12/2007 SF +5.50% 07/10/2007 SPTN +7.99% 07/10/2007 VCLK +1.76% 07/10/2007 | | By: Tradevestor | | |
| | Portfolio Recap | | 2007-07-16 22:56:47 | | My Portfolio is as follows after todays trading: CPX -3.00% (dropped from +0.64) FTK -7.33%(dropped from -1.14) SF +4.71%(dropped from +5.88) SPTN +9.09% (Increased from +7.02) VCLK -3.81%(dropped from -1.26 OYOG +9.01% (Increased from +5.02) VSEA +3.93%(Increased from 3.55%) I think that my portfolio has reflected the general market trading day which wasn't very impressive.My general watch list is as follows:(CPA) -0.98% | | By: Tradevestor | | |
| | My latest portfolio... | | 2007-07-13 04:31:00 | | I borrow this statement from a fellow blogger called Robert from Bobs Advice"Please remember that I am an amateur investor, so please remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website." Good advice Bob and I will be putting this on my blog regularly! Please make sure you visit his excellent blog.Okay, here is what my portfolio looks like right now... CPX $25.02 +0.64% 16.4% FTK $32.47 -1.14% 17.7% SF $56.9 +5.80% 7.1% SPTN $31.04 +7.02% 8.7% VCLK $30.19 -1.26% 16.1% OYOG $76.12 +5.02% 17.0% VSEA $39.17 +3.55% 16.9% Total +2.09% 100.0% I added positions of CPX and | | By: Tradevestor | | |
| | | Cadillac's Future Product Portfolio Hinges on Hybrids | | 2007-07-01 11:29:00 | | Cadillac is planning to roll out hybrid versions of many of the vehicles in its lineup in the next six years, from the CTS to the BRX CUV, industry supplier sources tell Inside Line.One source close to the Cadillac hybrid strategy tells IL that the move toward offering luxury vehicles with a two-mode hybrid system makes sense for a number of practical and philosophical reasons. First, the hybrid option is expensive and Cadillac buyers can afford it. Also, Cadillac doesn't want to be seen as socially inept next to Japanese competitors like Lexus and is under the gun to roll out hybrid variants in a hurry.GM currently is working on hybrids for the following engine displacements: a 2.4-liter four-cylinder; 3.6-liter and 3.9-liter V6s; 5.3-liter, 6.0-liter and 6.2-liter V8s.Sources tell us that Cadillac's first hybrid, a two-mode system that increases hybrid fuel savings by efficiently adjusting to different engine speeds, will be the 2009 Cadillac Escalade. The entry-level CTS will like | | By: AutoBeat | blog Auto news, reviews, concepts, auto | | |
| | Ana - Artist Portfolio | | 2007-06-29 22:06:44 | | Our latest work is a portfolio for Ana-Maria Curca, painter and photographer. She wanted a fresh offline, HTML portfolio website that would reflect her artistic, graceful and joyful personality. I think we did that.
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| | By: CrazyLeaf Design Blog | | |
| | Portfolio Review | | 2007-06-18 12:45:00 | | As promised I'll go over my current holdings before doing any 'serious' research on new holdings.
To start the total value of my portfolio is $4,841.92 (already up three freaking dollars since I started writing the article!) which is way down from the $5,380 that I have deposited into it. This is too depressing for me to calculate the returns on it right now, but last year it dipped below $4,500 | | By: Value INvesting, and a Few Cigar Butts | | |
| | CNBC Million Dollar Portfolio Challenge | | 2007-05-27 05:24:07 | | CNBC is running a million dollar portfolio challenge. After you register on site you are awarded $1,000,000 CNBC bucks. It is a challenge of your investment strategy worth $1,000,000. There are weekly prizes of $10,000 of real prize money who makes the largest weekly percentage gain.Do you want to read what others are saying on their blogs about CNBC Million Dollar Portfolio Challenge?You can try out your investment strategies at their contest site http://contests.cnbc.com/milliondollar/main.do | | By: Free Blog Things & Blog Stuff | | |
| | | Stockalicious.com – An Essential Portfolio Management Tool | | 2007-05-09 01:48:48 | | About a week ago, I stumbled upon one of the newest Web 2.0 applications that happen to meet the needs of investors. The tool is much like any other web-based portfolio monitoring application, such as Yahoo! Finance/Google Finance and Smartmoney.com to name a few, but what sets Stockalicious.com above the rest is its ability to share and display your performance to the rest of the Stockalicious community and to the world. Because of this useful and unique aspect of Stockalicious.com, I have started to implement the site on the Indiana University of Pennsylvania Student Managed Investment Portfolio website that I manage because of its ability to provide our visitors and members with real-time information concerning the performance of the portfolio.
Another great feature of Stockalicious.com is the charting abilities within the free portfolio monitoring software. Stockalicious.com allows users to map their portfolio’s performance against the standard benchmarks (S&P 500, Dow Jones | | By: TheFinancialWhiz.Com | | |
| | Stock Portfolio Strategy - Leveraged ETF and Fixed Income Model Portfolio | | 2007-04-19 02:55:59 | | You can view the real-time holdings and performance of this strategy at http://stockalicious.com/stock_journal/553
Investment Strategy:
The portfolio strategy was developed around the use of the new leveraged ETFs (Exchange Traded Funds) that seek to double the daily performance of a particular index. The idea was first presented in the blog post entitled “Utilizing Leveraged ETFs to Simulate the Performance of the S&P with Less Risk“. The strategy is to create a diversified portfolio, which will lower the risk of the portfolio as a whole, all while maintaining the profitability of investing in an index. The goal of this portfolio is to allow a long-term investor to create a basket of securities that do not limit the upside potential of being invested in equities, while creating a cushion if the equity markets become negative. The main focus of the portfolio is for capital preservation, which is accomplished by investing in two asset classes that typically move inve | | By: TheFinancialWhiz.Com | | |
| | Ruminations on Portfolio Management | | 2006-10-31 18:20:00 | | Looking at my portfolio yesterday I realized there should be no way I am down 4% on the year while the S&P is up 7.4%.
Yesterday I was also updating my mom's portfolio and adding to info in it to my spreadsheet so I could check the up and downs versus the S&P. I haven't even looked at this portfolio for two months and didn't know that it was 25% cash until I logged in.
So I bought WU, and two | | By: Value INvesting, and a Few Cigar Butts | | |
| | My Portfolio Revised | | 2006-09-22 14:26:00 | | I'll be following my grandpa's portfolio in my newsletter<!--[if !supportFootnotes]-->[1]<!--[endif]--> because he'll be subscribing so I decided to follow my portfolio here, this is a real money portfolio, all of my money is invested in it.
As of late I've been taking to arbitrage<!--[if !supportFootnotes]-->[2]<!--[endif]--> and it's potential gains, I have a relatively small position in this | | By: Value INvesting, and a Few Cigar Butts | | |
| | Rebuild Your Investment Portfolio Today | | 2002-06-20 01:01:00 | | Its time to change your thinking about this beaten-up stock market and get excited about the tremendous long-term potential. If you find the current market makes you feel like sticking your head in the sand and you long for the "good old days" of the roaring bull market you could be costing yourself a fortune.
In reality, 1999 should have been a time for a cautious and skeptical participation
| | By: Article Today | | |
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