Chart of the Week: Everyone Else’s 401K Stock Funds Allocation
With markets at all time highs, have you ever wondered how much of other people’s portfolios are truly dedicated to U.S. Equities? Not only that, but how portfolio allocation to stocks compares to the last 13 years? You’d think it would be at all-time highs with the way stocks are going. Lucky for us, J. Lyons Fund Management has just the chart.
The Surprising Connection That The Worst Performing ETF’s Share
When is enough, enough? That’s the question you have to be repeating to yourself if you’re a Gold Bull. Or maybe, the better question is, that’s what you have to be thinking if you’re invested in a long Gold ETF. Upon surfing the interwebs for useful financial commentary and statistics, we stumbled upon the Worst 10 ETF performer’s YTD from Index Universe… and can you guess what most of them had in common?
Managed Futures Linkfest
Here’s what’s happening in the world of managed futures this week.
Nobody ever lost money in a Spreadsheet
After decades of experience with trading systems and CTA’s, we are comfortable with the phrase (Past Performance is not necessarily indicative of future results), as well as disclaimers for hypothetical performance due to back testing. But what irks us, is when other advisors/investors aren’t held to the same standard. And it seems that back testing is being applied to the $1.7 trillion ETF market. And even if back testing is done correctly (which is a difficult task to accomplish), there are still some pitfalls.
Diversification: Giving up some home runs, to avoid future strikeouts
We love Carl Richards money doodles on the New York Times ‘Bucks’ blog, and noticed this older post, which is even more timely than ever, the topic of diversification. The angle – diversification isn’t all roses and candy canes. It’s hard to stick to because it involves giving up something (hitting home runs) in order to get something (never striking out).
Disclaimers
Managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
The entries on this blog are intended to further subscribers understanding, education, and – at times – enjoyment of the world of alternative investments. Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts. Opinions expressed are that of the author.
The mention of specific asset class performance (i.e. +3.2%, -4.6%) is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.), and investors should take care to understand that any index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
The performance data for various Commodity Trading Advisor (“CTA”) and Commodity Pools are compiled from various sources, including Barclay Hedge, RCM’s own estimates of performance based on account managed by advisors on its books, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor’s disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor’s track record.
The mention of general asset class performance (i.e. managed futures did well, stocks were down, bonds were up) is based on RCM’s direct experience in those asset classes, estimates of performance of dozens of CTAs followed by RCM, and averaging of various indices designed to track said asset classes.
The mention of market based performance (i.e. Corn was up 5% today) reflects all available information as of the time and date of the publication.
The owner of this blog, RCM Alternatives, may receive various forms of compensation from certain investment managers highlighted and/or mentioned within the blog, including but not limited to retaining: a portion of trade commissions, a portion of the fees charged to investors by the investment managers, a portion of the fees for operating a fund for the investment managers via affiliate Attain Portfolio Advisors, or via direct payment for marketing services.
Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.
See the full terms of use and risk disclaimer here.
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