... Indeed. I calculate the Net Payout Yield to be -29.5%. ... That may no longer be true as it depends on whether or not buybacks have a bigger influence...
mentesseg@...
Jan 1, 2008 12:19 pm
307
... Hi Robert: I was interviewed a while ago but I did not know when/if it was actually going to come out. Is it online or do you just have it in a print...
Just for fun I took a look at how the Permanent Portfolio would have performed since 1999. I used the following funds/ETFs to represent the four asset classes...
I saw it in the print edition, which arrived in yesterday's mail. I did not see it online but the Feb. issue isn't posted on the website yet. Once it is, I'm...
... have ... represent ... return, ... returned ... outperform ... correlated ... EXACTLY. This is why QPP exists. I wrote about precisely this in an article...
Hi group members: It would be great if some of you would provide reviews / commentary on the book--ideally both here and on Amazon.com: Book on Amazon--you can...
I am unclear about how to choose a proxi for a holding. Choosing a proxi is the only way I can think of that would fit into a QPP analysis. I have two major...
I noticed that when QPP shows the historical returns for the S&P, it does not include dividends. Do the historical returns for the model portfolio I'm...
... projected ... QPP's analysis of actual funds, ETF's, and stocks includes reinvested dividends. For some reason, known only to the data provider, they do ...
... maximized? ... I prefer to manage average return and SD. Bear in mind that while you can calculate CAGR from average return and SD, there are a range of ...
Doesn't that mean that we need to adjust the S&P's historical return for a true comparison to a QPP-generated return? I think the current dividend rate is...
... current ... so ... If you are benchmarking against the S&P500 and you want to use that historical S&P500 return without dividends, then you need to add ...
Hello, I just read one of Geoff's papers called "Beat the Market"...in which he makes reference to a paper by Jay Ritter having to do with behavioral finance....
... Well, first of all you need to determine a Strategic Asset Allocation Policy, so you know whether or not you have too much or too little in an asset class....
mentesseg@...
Jan 2, 2008 11:07 am
321
... It's my impression the author's conclusion is more metaphysical than based on actual fact. As risk can be defined several different ways, I can imagine...
mentesseg@...
Jan 2, 2008 11:48 am
322
The 1/N bias is an interesting thing. And, I agree, that one of the uses of QPP is to motivate thoughtful allocations to available assets rather than just a...
Hi all: Inspired by some discussions on this forum, I have written an article looking at tail events in real estate and financial stocks: Black Swans, Real...
I updated a model portfolio to include results through the end of 2007 and was surprised to see that adding just 4 days to a 3-year period changed both the...
Hi Robert: First, I always advise using complete months of data--so it would be more relevant to look at results through Nov and then results through Dec....
Did you ever play the horse races? When I was younger I loved to go... I used to build statistical models to estimate their odds of winning so I'd 'know' fair...
... idea? ... Allocation ... in an ... estate ... statistics ... J.; Thanks. I'll give NAREIT a spin. Basically, my real estate holding is in a private...
... This is an interesting issue and one that I have discussed in a number of papers. First, mutual fund managers have perverse incentives. they try to avoid...
Hello; If one does not need the dividend income generted by a porfolio is it (1)better to have the dividends reinvested in the company of orgin or to (2)wait...
Since most QPP folks are probably highly disciplined, dividends (and distributions for mutual fund folk) are a good source of money for rebalancing. Presumably...
I have a theory and would like some comments. Some years back when these etfs started becoming popular, I had the thought that they may have some crazy effects...
Over the last ten years, some very basic premises about asset allocation have been forgotten. The roots of asset allocation theory started with a piece of work...
mentesseg@...
Jan 4, 2008 7:58 am
334
Just some thoughts... I can see screening stocks to put into a portfolio as being problematic. If you set up a screen for stocks, the stocks that come up will...
... I'm not sure what you're really asking, but the point in diversifying is to reduce risk. Purportedly, the market doesn't pay you for risk that is...
mentesseg@...
Jan 4, 2008 1:35 pm
336
... Just keyword search "Senior" at http://www.etfconnect.com/ for senior secured loan CEF's. The problem I have with buying CEF's is the discounts to NAV are...
