Hi Bill; I have a better url than that but have misplaced it,
it has to do with funds. I'll have to hunt it up. But have now
become convinced that "basket" buying is the way to go.
And that I can do it via no-loads. With limited time one can not
follow as much as I've tried to follow. Funds have an Alfa, and
Beta that if understood can let a person ride the waves and beat
the S&P. Were relatively few funds do it on a regular basis, many
do for a short period. Also it offers a good margin of safety,
I discovered that while I thought I was doing OK playing the
SPY some funds were taking off like a rocket. I have much more
work to do in that area. The URL I need to find has some free
stuff but the heart of it is fee based, it is a lot of TA ,
and I'm sure u would like that, with weekly ratings and charts,
along with a floating ALFA & BETA..much more than you can get
from mourning star. As the stuff stays current or is like
dynamic.
BTW do you track ( TA ) BRKa ? seems the old fart is smart and
hedges ahead of market drops. Sometimes late to get going on the
up side, ( conservative ) but most always pulls back before the
market..( likely he's shorting aginst the box as he anticipates
the top.) I'm sure he has more resources than I do so I won't
go bullish if he starts pulling back. Were he makes mistakes
they are not enough to cause me to bet against his trend.
Right now BRKa is still trending up. A small pull back won't
bother me, as some dips are part of the game, but if it's say
3 to 5% , then I will see big warning sign.
It's hard for me to break the habit of picking a stock,
funds don't have the excitement, but more and more I'm seeing
better reasons to switch my focus to market/sector timing via
no loads with high alpha, beta numbers, and surf on them
when they break to the upside. Seems as some of them break
to the down side, others break up. As general market went bearish
August to Xmas some CE bond funds did OK , they don't
often move price wise as much, but many paid very good monthly
dividends, and "the specialty utilities funds" went on a real
roll during that time, meanwhile I was wasting a lot of time
looking for shorts, instead of what was benefiting.
Jim
Now that I've typed this the internet backbone has gone into
a over loaded condition. -( hope I dont lose it before it
posts. |
