Hi GZ, I'm just hove-to awaiting the wind to change,
Do you know why some fund managers have such a hard time keeping
up with the S&P ? well I guess there is a lot of reasons, but
one of them, = a lot of folks like me e-trade in and out of the
no-loads...when an ill wind starts you exit..when it shifts
you go back in.
For each down week a fund has, say they drop from 20 to 18
in a week OR so..that $2 is 10% down, to make it up,
2/18= they have to go back up 11%, most go up more than down
but if you get flop out on ill winds, you get more of the
up side..the vast majority just ride the tide , fund managers
don't like people jumping in and out..but by going via e-trade
the broker sticks my order in with a lot..and as long as I keep
1 share of the fund I don't get off their mailing list.
So right now I got 1 share of two funds..
and one penny stock..that went from 1 3/32 to 1 7/32 for a gain
of 12.5 cent, thats only about 11%, but what else went up
11% today ? ;-)
Jim
PS I'm tracking the WEBS on the AMEX..all 17 of them,
( London ) is EWU , that's the only one that doesn't seem
hit buy this squall..it actully went up a 1/16 ,
do you know what WEBS are ?
Next to her EWK, and EWO were flat, SPY ( S&P Deposit Recpts)
lost 1.70%..big losers were in Asia..most down over 8% today
except for Hong Kong down 3%
But all in all out of 18 countries, ( SPY ) is not a web but
represents the US so I track it too..only one up..
2 flat and 14 down..some of them bad..if that picture stays
that way we are in for a Bear market..untill the WEBS start
averaging more up than down we will go up and down, but more
down than up. When the majority of the WEBS do good we do good.
Jim |
