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Tom:
Page 4 in the first article made my head hurt....But I get the gist of the information....Totally get why AIM is better at running a balanced portfolio and more efficient.
Thanks Fuzzy:
The positive reinforcement is greatly appreciated.
Thanks Tom:
I appreciate your input....Very helpful.
I know from past posts that you are a
Hillsdale College grad. I am kind of on
the down hill side of a mediocre career
and am now an assistant coach at Alma
College. Our head coach did a stint at
Hillsdale as an assistant coach about
six years ago. We may well get them on
the schedule though they are Division II
and offer athletic $$$.
My daughter visited Hillsdale on my insistence.
I loved it and wished that I could redo my
college days and be a Charger. She just wasn't
ready for all that conservatism as an 18 year
old. Still getting the Imprimus new letter!!!
Best wishes...
Tom:
Thanks for your response. I was wondering about AIMING the total fund or each fund individually.
Are you Aiming the bond portion as well as the equity funds, although I know the volatility of bonds is pretty low? Are you using money market funds for your cash stash?
I appreciate your help and all the other great AIM posters on this site.
Best wishes
Coach G
p.s. as my nickname portends, I am a college hoops coach...We actually played at St. Norbert and Whitewater last winter...Both teams were outstanding with WW winning the men's Division III National Championship. We were able to get a tour of Lambeau field when we played St. Norbert. What a great place....It was about 15 below zero for the tour...Wouldn't have it any other way!!!!
That's basically what I am doing right now in my 403b. I also have a print out that I believe Don Carlson mentioned years ago called
"The Ultimate Buy and Hold Strategy". The author was Merriman.
It was basically a 60/40 allocation between stocks and bonds with the stock side of the investment divided beteen 10 different stock funds. Rebalance at your discretion.
Very interesting and thanks for the link. I wrestle with managing the $$$ myself or just using a management group.
I just can't get pass the 1 or 2% fee but I know there is no such thing as a free lunch...
Yes, sometimes we just can't let good things alone....
Heading towards retirement in the near future...Wondered if there was a Management Company that would have an Aim bias in their investing philosophy. I know Tom is in the money management game.
Any thoughts are welcome.
Tom:
Book recommendation....
"The Most Important Thing" Illuminated
Author: Howard Marks
This really talks to us in the choir about
contrarian investing and managing risk.
Hsve not been around in since the Old
Aim sight went down...
Best wishes
Coach G
Well stated JDerb:
Don't complicate winning...Woodrow Hayes OSU football coach
Hit the same old boring winner...Vic Braden, tennis pro
Best wishes...
Tom:
Looking forward to seeing the Ayn Rand classic (Atlas Shrugged).
The media is really trashing it....It must be good.
Happy investing..
Coach G
Yes, Obama is an adult....Saul Alinsky was an adult as well.
Aimster:
I have to agree....If you are looking for excitement from AIM, you have to be patient....It's like the the tortise and the hare story...Consistent and steady wins the marathon...eh?
Coach G
Aimster:
On the topic of tweaking AIM last week. (#30,244)....I thought you hit it on the head....
As a coach and an investor, I have always been a bit of a minimalist. Keep it simple stupid (KISS).
Or as the late great Woody Hayes used to say.....
"Don't complicate winning."
p.s. Unlike Woody, Just don't take a punch at someone if you get a little frustrated... :>)
Cowboy:
Thanks for the article. My wife is a public school teacher as well and she liked the idea of rewarding performance and competition. We spend by far more money on education than anyone in the world and are not even in the top 20 in the world.
It's not a money problem...it is a social problem....
Aimster:
Yes, that was the demographic argument by Dent for lower domestic housing prices....He certainly couldn't read the tea leaves with this current downturn and the factors that caused it.
My thoughts are that the mad rush to retirement by the boomers may slow to some degree....I know that my plans have changed.
mac:
Dent's views on demography and it's effects on the market are plausible...This group of baby boomers and I include myself in that club, may have second thoughts about leaving the employment world any time soon because of this down turn....The boomers who just a year ago were feeling good...just got a cold wind of reality blown in their face.
The randomness of the markets caused by the subprime debacle, the banking crisis and other circumstances beyond just demographics has had a profound effect on where we are now...
For whatever the reason for getting out of the market in 2007, congrats. I view the current administration as being like the Whack a mole game played at Chuckie Cheeses...The market will go up and like the mole,,something is going to smack it down like a hammer...I don't see a lot of policies that lead to any economic growth...Dent could not have predicted this potential factor as well....Hopefully the zig zags will be big enough to cull some profits in the years ahead....
I think you would enjoy a book called "Fooled by Randomness"
It is a good read on cause and effect relationships on the market...Can't remember the author's name...
Mac:
Not that Dent may be right but I have one of his books titled
"Dow 30,000". Just saying....
TF:
Thanks for the book recommendations. I have not heard of those particular writings.
Coach G
Too Fuzzy:
Thanks for your input on rebalancing once a year...Are you calling me a "second grader"?
I resent that remark...Everything I know to this day, I learned in kindergarten....Wait, is that the title of a book?
Happy tax day!!!
Coach G
I am Aiming half of my investments and running the other half on a 60% stock 30% bonds and 10% Reits format and rebalancing quarterly.
Who knows? Let me know when the Holy Grail has be discovered.
Happy Easter to all.
Coach G
Aimster:
The difference between an optimist and a pessimist....
A pessimist is just an optimist that has been screwed over....
A little levity on a tuesday afternoon.
Two more trillion to go.... health care and cap and trade...
Is that 12 zero's in a trillion??? As one of my favorite sportscasters used to say..."Oh My!!!"
Tom:
You couldn't find Al Gore with a search party when the weather get like this....It would be inconvenient.....
Coach G
Tom:
Careful about that kind of advice. You would not want to melt the polar ice caps.....Freezing my booty in the Great Lake state....
Coach G
Lion:
On your "Wild Ride" post....That chart looks like Niagara Falls....not sure if it is the American side or the Canadian side.
You all know that they (our fearless leaders) have no idea how to stop this runaway train. Well, I think they know but don't want to fess up on what has to be done. The truth is going to be very painful and they don't think we can handle the truth......Wait...
where's Nicholson when you need him? Probably at a Lakers game.
Coach g (It used to be a big G but with the recession it's a lot smaller now.)
Laddering.....
I tried it and fell off and broke my neck....The leaves and the eaves will have to wait.
A little levity in a chaotic investing environment.
Coach G
401K government confiscation......
Well, the new "Greatest Generation" will have that to contend with as well. You better hope there are enough Blue Dog Dems to stop that train from getting too far down the tracks.
And when you die the gov. gets to keep half. Get ready folks...The insanity his about to surface...
My golf game has really been off this year as well...Probably Global Warming. Birdies and Eagles have gone instinct.
Tom:
Rising to the occasion... I hope so my friend. Spoken like a true Hillsdale graduate...Well done and a timely lament.
Coach G
Tom:
It is equally beautiful in the Great Lakes state..I am sneaking off for one last golf game Wed. Let's see, golf or the eave troughs...tough choice.
Best wishes
Coach G
Tom:
"V Wave -60%"
Does that mean I go on margin? Just a little levity on a post election evening.
Coach G
Conrad:
What exactly will Obama do to improve this country and give me an example of how he has improved any endeavor he has been a part of?
What exactly are you HOPING for from the big "O"?
Anything is better than McCain...very interesting thought my friend.
7550:
It wasn't a book. It was just the idea of instead of bailing out banks and insurance companies, just give the $$$ to the people...it was based on bad math as you saw in Fuzzy's friends hypothesis.
Fuzzy:
Check your math. I believe it would come out to $425 a person.
I am not a math major but I have seen this written about before.
Coach G
correction:
CRA should have been Community Reinvestment Act. Thats's the provision mandating that banks should provide home loans to people who can't pay them back. The Big "O". our esteemed community organizer trained ACORN members to march on and into banks demanding that the "little guy" should have a right to own their own house.
This regulation by the government has taken this market down from 14,000 to 8,000 in the Dow. This intrusion by the government will now by solved by the............government....
Lot's of luck.
Tom:
I couldn't agree more with your take on the Greenspan inquisition. These morons are passing the blame off on everyone but the main cast of characters....
A lot of blame to be spread around...Who pushed through the CRA (Community Restoration Act). Answer: The party looking out for the little guy...Yes, buying votes...Democracy ends when the people can vote themselves a subsidy. Most of the sheeple in this country are like the trick or treaters that will be coming to your door next week with their bag open and there eyes wide. Who's promising the best candy?
Why is Frank and Dodd not in handcuffs instead of being on TV acting like they have got us covered....It's hypocricy in it's most blatant form....It nuaseates me.
Wait a minute...I have got it Mr. Waxman....It was Bushes fault.....Yea, that's the ticket....
Aimster:
Good thoughts... Being in a 60/40 stocks to fixed ratio position, I am ready for another drop. You know me and book recommendations.
"The Forgotten Man". It is a timely read about the 29' Crash and how government intervention prolonged the agony. Does this sound like history repeating itself? We do live in interesting times.
I am hoping for grid lock. If there is a filibuster proof congress I would be very worried about what policies could be pushed through unopposed.
Thanks for the Buffett article too. I know things are bizarre when Warren is putting his personal monies in the market.
NOVEMBER 5TH MARKET MOVE......
Is the possibility of an Obama presidency baked into the markets at this date? No doubt there is a lot of cash on the sidelines.
You posters in the financial world or business community...your thoughts along with the rest of the board.
Coach G
Mini:
Would that qualify as "oversold" or a train wreck!!!!
Happy Aiming.
Coach G
Aimster:
I pushed some chips into the middle of the table today. I had about 40% in fixed assets and couldn't resist rebalancing.
I don't believe the public has ever had less confidence in our government and they have decided to be the savior.....
Good luck and good night.
Hills Street Blues: "Let's get them before they get us."
Tom:
Happy birthday and many more.
Conception day...um...I think that should be celebrated by your parents...There is only so many bullets in the chamber.
As quoted by the great Willie Nelson recently.
"I can't believe I have outlived my six gun."
Users:
Geez, that sounds like a drug rehab meeting...Maybe we could use some drugs eh?
Any bets on the V wave going to 10?
The malfeasence of this loan crisis is beyond comprehension...
Sell me a house....
I have...
1. no money to put down
2. no job
3. I really only want to pay interest only payments.
4. If I can't make the payments, I expect you to bail me out.
5. Or I will just walk away. I have no equity in the place and it is worth less now than when I bought it.
I know that you all know that the government (and I won't mention political parties) passed legislation that mandated that banks must make such loans. If they failed to do so...
big problems for the bank.....Well then we created this insurance company to help protect the banks in case these loan went bad....Here we are...If we ran our household budgets like this we would be living in a card board refridgerator box in San Fran Sicko.
More amazing is the people who created the mess are now in charge of getting us out of it...Boy, I feel confident..just saying...All in the name of getting people addicted to the teat of the government handout....What would Hillsdale have to say about this debacle Tom.
The rant ends....Give me liberty or...give me a handout...