FYI Alan?
"Posters on this board really loved Alpine International Real Estate when that sector was hot"
Well,I sure didn't and never have.. Went with CGMRX instead..( some of his Reit Stocks as well, like GGP )
Any investment-related content of this message is intended strictly for generalized informational and educational purposes and figures should not be considered as being accurate. Investor should DYOR -DoYourOwnResearch to confirm Figures and Accuracy. Such content is not based on knowledge of any reader's individual needs or circumstances and since an est. 93% of private investors are wrong on their investments, it maybe in your best Interest to consult with a Professional Advisor for a 2nd opinion before investing your own $ on your own.
Individuals should adhere to M* recommendations of always be Skeptical of others information & suggestions. I am Biased towards Owing a Port. of AMBF Balanced & Reit Funds for myself as well as for the Vast Majority of Amature Investors. Of course past performance will not Guarantee the Future, but It has Improved My Odds for me for the past > 5YR /18.8% APY, 8 YR/16.5% AND 10 YR/14% APY periods. Although I am a Retired 60 yr old person and have more than enough $ for my retirement, I prefer to still make as much as I can and not leave $ on the Table to fund my Charities & My legacy account.
board really loved Alpine International Real Estate when that sector was hot."
being a newbie? As M* says > Be Skepitical and Do your own Reserach
1. Not to Discredit my fellow investors, but fact is I would be vary cautious on recommendations and hype.. The posters in here represent a varied group and a small minority % of investors.. many with very differnet backgrounds, hidden agenda's and different objectives and thus if some are Pro on a Sector or fund? Take it with skepticisum..9 Be nice to Have everyone advocating others to have to Post what their Investments are At the Begining of every yr and be rated accordingly ) and this Includes "yours truly"..
2. Since this Board has been running? ( yrs ) It Should have Hundreds, not a hand full of Proven successful people, don't you think? (That is, if they want to really Help Others)
3. While Some have yrs of "actual" experience with their $ and , although are few in #'s and having been pretty good over the yrs.? They all have different "objectives" for their Money and Risk Tolerances..
4. Do your own reaseach is very good, but If you don't know HOW and what to look for? It's useless.. If your of a Anal. type and like spending Hours evaluating Funds and stocks< Good for you.. But if your not or don't want too? Use M* premium and Lipper Services.. and compare notes for openers..
A couple of Good Books for your Libary..of various Investment styles..?
Common Sense on Mutual Funds, by John Bogle and Peter Bernstein
The Four Pillars of Investing, by William Bernstein
What Wall Street Doesn't Want You To Know, by Larry Swedroe
Pabrai also has a new book, The Dhandho Investor ( "Endeavors that create wealth”.)
and ck out> 11 reasons passive investors let Wall Street steal their money - MarketWatch
And if you Think you have a "moderate risk level"? How "Moderate " are you when the Market drops more than 10%, let alone 30%? and how Moderate would you have been during the last Bear market of 2000 thru 1st qtr of 03' when the S&P was down a total of over -50% by that 1st qtr of 03'? Thus Until you actually Have your $ on the Line and go thru this? You best have a Low Risk Tolerance and Set your Expectations Lower and be very happy just to " Beat the Index" and get 10% apy's vs it's 5-6% it has done the past 10 yrs..and if Need to want to make More $? You have to save More and not take more risks... ( Gamblers try to make the Big Score with less $ and end up Loosing in the End . Just take a trip to Vegas and See for yourself..)
I advocate one start with using a AMBF's ( ActiveManagedBalanceFund), such as FPACX,OAKBX,PRWCX and PRPFX for openers and to compare to anyother Ports you want to put together and use at least the past 8 and 10 yrs rnts.. Since as WB says, 'Buy Co.'s that did well in a Bear market, anyone can do Well in a Bull " and I allocate 80% to them and only use 20% to Play & Gamble with in everything else..
And seeing as if the Pro's are 80% wrong and Amatures are 93% wrong ?, the odds tell me that I have Very High Odds against me and I best just Let The Pro's take care of things in those AMBF's until I can prove I can do better than they..over at least the next 5-10 yrs...
After spending my first 10 yrs in the Limo business serving the Financial district and having the ave of 1 hour with alot of top Guru's in this business? ALL told me..
1. Fund your Own Home First.. It will probably end up being your Best Investment
2. Then Your #401k if have one( and into AMBF's if can or make one up with the funds they offer with a 60/40 mix )
3. Then after have all your Retirement Plans are Fully Maxed out, then use any extra $ left over to go Gamble with..( ie: money that you can afford to loose 50% of )
News Flash> Speculators Equal to $70 on a Barrel of Oil ..
"And Blame the PC/Internet for markets being so much more volatile, making it very easy for Amatures to Invest vs even 5 yrs ago..and why Print Newspapers and Magainzes are fastly becomming a source in the past.." > 60 Min.
When it comes to your $? Take everything with alot of Skepticism, even from your Wife, let alone your Teenage Kids...!
It's Jungle out there with alot more predatarors than advocates
