Replies to post #210 on ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

I trust your weekend reading was fruitful. Two more bits for you -

http://news.morningstar.com/classroom2/course.asp?docId=2932&page=4

http://news.morningstar.com/classroom2/course.asp?docId=2932&page=5&CN=sample

...the main drawback of the Sharpe ratio is that it is expressed as a raw number. Of course, the higher the Sharpe ratio the better. But given no other information, you can't tell whether a Sharpe ratio of 1.5 is good or bad. Only when you compare one fund's Sharpe ratio with that of another fund (or group of funds) do you get a feel for its risk-adjusted return relative to other funds.

https://sumgrowth.com/InfoPages/advanced.aspx#401kExample

4. Exclude REIT funds (real estate investment trust). Their commodity-like character reduces trend reliability.

GLTY