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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (47845)	5/8/2012 3:18:21 PM
From: Spekulatius	2 Recommendations Read Replies (4) \| Respond to of 78666

re BDC - Aren't BDC just crappy junk bonds with leverage in disguise. They have nothing to do with private equity, although there are a few that take stakes in smaller companies as well. Based on my observations, BDC are mostly a Ponzi scheme catering to investors reaching for yield a bit too far. in most cases, the yield is just a return on capital, either directly, or the loans are so risky that a default rate erodes the principal. These are not stocks you want to own if there are any problems in the credit market.

To: Sergio H who wrote (47845)	5/8/2012 3:35:14 PM
From: E_K_S	Read Replies (1) \| Respond to of 78666

Thanks Sergio - Somewhat OT but if I can duplicate even 50% of Yale's long term performance, it will surpass some of my best value plays. I have several Vanguard Funds, in fact moved 1/3 of my S&P 500 and 1/3 of my International Growth Fund into their Tips fund today. If you know of any of their specific funds that track Yale's endowment holdings, I might consider moving the proceeds there. My last trade in these was in March 2009 where I added to my S&P 500 and International Growth Fund positions. Do not trade these but simply hold and reinvest dividends. The Funds consist of GNMA, S&P, Tips & Int Growth. I really like Vanguard as they have low cost funds, are very efficient and even their brokerage side has treated me well ($7.00 trade w/ good execution). I use them both for personal and IRA money and these account have grown over the years. Therefore, any links and/or ideas on how to duplicate Yale's endowment portfolio, this would be the best place (for me) to set it up. EKS