Tick tock tick tock
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What surprises you about that Soon 2 B Gone? For you to be surprised indicates you are either being funny or you are lacking in understanding of risk and compliance.
Stops do not help when a stock gaps down.
[quote=Soon 2 B Gone]
[quote=rightway]Not sure. I never really looked into it. I can see the value in it though. [/quote]
The way I look at it is if an equity is good enough to buy in a cash account it should be twice as good to buy more of it on margin, just use a put to control the risk.
I'm surprised that you're not given the leeway to do it if the client understands what you're doing.
[/quote]What? I would be careful there. You are not a fan of the fee's I charge, yet you see it OK for me to initiate a loan on behalf of the client and charge a high interest rate on top of my management fee? Yikes.
I just keep it simple, its part of my charm
[quote=Malcolm]
What surprises you about that Soon 2 B Gone? For you to be surprised indicates you are either being funny or you are lacking in understanding of risk and compliance.
Stops do not help when a stock gaps down.
[/quote]
Where did I advocate the use of stops?
My mistake. I read stop when you wrote put. I forgot, your name is put not stop. I guess I’m confused.
Well good for you. That’s a nice name. Now tell me something I don’t already know about managing discretionary portfolios. I’m here to learn.
Well that's real deep. So lets say you bought a stock last week and since then it is up 7% on average daily volume of 10 million shares. Today it drops 4% on 2 million shares. Should I sell and take my 3% gain?
Or lets say was up only 4% on average daily volume of ten million and today it drops 6% putting me in the hole 2% on 5 million shares. Should I dump it? Should I margin myself and buy a put?
[quote=Malcolm]
Well that's real deep. So lets say you bought a stock last week and since then it is up 7% on average daily volume of 10 million shares. Today it drops 4% on 2 million shares. Should I sell and take my 3% gain?
Or lets say was up only 4% on average daily volume of ten million and today it drops 6% putting me in the hole 2% on 5 million shares. Should I dump it? Should I margin myself and buy a put?
[/quote]
Down hard on light volume always makes me wonder why the bids are--do others know things I don't?
I step out of the long stock--perhaps buy a near call to hedge being wrong.
Seriously? Well that’s where we differ. For me, generally speaking, volume determines real price.
Have a good weekend. I’m going to take my kids out to the playground and then have a great evening relaxing on my big cushy sofa watching a movie with the wife.
[QUOTE]
I think you’re going to find more and more people who will consider
the idea of ongoing fees to be repugnant.
Somebody said something to the effect of, “His portfolio was up 8%
so my 1.5% was justified.” My response is, no it’s not because
your 1.5% was close to 20% of his portfolio’s increase–and that’s on
top of paying fund managers too.
It really is an obscene idea.
[/quote]Not quite. The 1.5% was charged for about 1/2 the year, which
makes it 9.3% of the gain. The gain, the gain, the gain. I
can’t believe a rep would post such a thing.
You may be right though, I think the notion of taking a commission that
is 110% of the first year gain and 20% to 30% of the entire investment
term gain until you do your annuity flip (to get paid again) is much
better.