80-100% cash & bonds is a good place to be right now.
I think my grandmother’s expression to today’s market turmoil would be, “Lawd have mercy!”.
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It is really a shame Wealth Manager magazine doesn’t do a better job with their website because James Picerno has an excellent overview of the listed hedge fund space.
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A short seller thinks we have seen the worst in financials.
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I can’t imagine investor money will be at risk here, but I still would close out any Lehman ETN positions. (Which is too bad because they had probably the best private equity ETN.) The three Opta Lehman ETNs are RAW, EOH, and PPE.
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I live about a mile from work, so this doesn’t really apply to me, but most people in LA spend about 72 hours a year commuting.
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It always amazes me to hear how often these once-in-a-century events happen.
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I’m pretty sure I will not be picking anyone up via Avego.
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Greenblatt (Gotham fund manager and “Little Book that Beats the Market” author) has an interesting website called Value Investors Club. You have to apply for membership, and Greenblatt awards $5,000 per week to the best idea. While $260,000 may seem like a lot of money, it certainly is less costly that hiring an analyst, and you have the benefit of much greater information flow.
I think someone should start a new site that is open to everyone. Toss up some ads, but let members submit their detailed investment ideas. Give away 50% (or whatever) of the revenue from the ads on the pages from the members writeups. Then, allow other members to vote on the best long and short ideas. Naturally, the best ideas will be viewed the most often. The best analysts will also develop a following. I certainly think this is a better (and easier) idea than Covestor, Vestopia, and PersonalRIA.
Leave a comment if you have a good name for the site. I wanted longorshort.com but the owner won’t sell it to me. . .
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Having a rough go of it in the markets? Top 25 Calvin and Hobbes comics. (Hat Tip: Sea)
