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Re: Ed / SKF call on shorting Financials
javajoe
07-07-2008, 6:14 PM | Post #2536527
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Our resident T/A experts also made some great calls late last year, early '08 on Commodities (DBA/DJP), Metals-Miners (XME, SLV, GLD), Global Growth (SLX, TRAMX), and Ag (MOO, DBA, RJA). The contribution they make to younger investors like myself is invaluable and I consider myself grateful and thankful to be learning from the pros so early in life.
I would caution any "lurkers," however, that they are very precise in their trades, and even a few hours (let alone days/weeks) can make a big difference when you're putting real money against the volatility of the market we've seen over the last several quarters. Funds like FBRSX are a great example, when someone (DI I think?) captured the upswing in the early '08 rally and then took profits before the dive. Buy-and-hold investors would be down -14% YTD. In my experience, precisely timing trades like this requires significantly above-average experience, tools, and time to monitor and get a reliable sense of the risk/reward trade-off. And, more importantly, to know what you still don't know.
Make sure you understand the difference between trading and buy-and-hold investing before allocating a large portion of your portfolio to some of these themes. I have been tracking a "test portfolio" against some of these themes prior to investing actual money to ensure I have a realistic picture of the risks and volatility of more active trading/investing.
Until then OAKBX and an above-avg stash of cash is treating me just fine.
-JavaJoe
Topics
commodities
learning
OAKBX
volatility
ytd
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