s****y
发帖数: 44 | 1 说的是他们管理的基金吧？他们的个人帐号是不是表现好得多？有了解的吗？ |
s********n
发帖数: 1962 | 2 是真的。他们没有个人帐号，有也好不到哪去。
市场上真正能够长期稳定beat spx的人凤毛麟角，大部分人都是靠着两三年运气忽悠。
【在 s****y 的大作中提到】
: 说的是他们管理的基金吧？他们的个人帐号是不是表现好得多？有了解的吗？
|
g*****g
发帖数: 34805 | |
m**U
发帖数: 543 | 4 小声问一下：什么是SPX？
是S&P500 index吗？
谢谢！ |
z********i
发帖数: 568 | 5 还是有25% beat spy吧。如果同散户个人比较，又有多少的个人投资者beat spy？就算
买index，扣除费用外，能beat spy不？
不过我看有不少基金过去十年还是比spy强2%左右。
【在 s****y 的大作中提到】
: 说的是他们管理的基金吧？他们的个人帐号是不是表现好得多？有了解的吗？
|
S*******s
发帖数: 10098 | 6 "不过我看有不少基金过去十年还是比spy强2%左右。"
对，尤其是板块和中小型资产， 海外基金也很厉害。
【在 z********i 的大作中提到】
: 还是有25% beat spy吧。如果同散户个人比较，又有多少的个人投资者beat spy？就算
: 买index，扣除费用外，能beat spy不？
: 不过我看有不少基金过去十年还是比spy强2%左右。
|
w***n
发帖数: 1519 | 7 输给SPX的基金里有多少是股票基金？笼统的说个75%、80%太误导了。
你总不能要求债券基金也要beat SPX吧？
【在 s****y 的大作中提到】
: 说的是他们管理的基金吧？他们的个人帐号是不是表现好得多？有了解的吗？
|
r*******y
发帖数: 290 | 8 Bond does beat stock in the last 10years! Very rare but it can happen.
【在 w***n 的大作中提到】
: 输给SPX的基金里有多少是股票基金？笼统的说个75%、80%太误导了。
: 你总不能要求债券基金也要beat SPX吧？
|
y****i
发帖数: 778 | 9 Not rare at all. 1803-1871, 1929-1949, 1968-2009, bonds beat stocks in 68,
20 and 41-year span. However, we all know the treasury bond bubble will
burst after Big Ben retire or sooner. Pay more attention to individual bonds
instead of bond funds can avoid capital loss because you can hold them
until maturity and use money to buy new issue with higher interest rates.
【在 r*******y 的大作中提到】
: Bond does beat stock in the last 10years! Very rare but it can happen.
|
r*******y
发帖数: 290 | 10 I don't see there is an economic difference between individual bond
and bond ETF if we ignore the relative value. It's just HFI vs. FV
accounting treatment. Can you elaborate?
bonds
【在 y****i 的大作中提到】
: Not rare at all. 1803-1871, 1929-1949, 1968-2009, bonds beat stocks in 68,
: 20 and 41-year span. However, we all know the treasury bond bubble will
: burst after Big Ben retire or sooner. Pay more attention to individual bonds
: instead of bond funds can avoid capital loss because you can hold them
: until maturity and use money to buy new issue with higher interest rates.
|
|
|
y****i
发帖数: 778 | 11 By carefully choosing individual bonds with higher yield and shorter term,
the interest risks are much smaller than bond ETF. Kicker bond without call
protection but yield to call is higher than normal bond, no risk if the ask
price plus transaction fee is lower than call price, usually $100. For
example, 092840GQ4, 5% federal tax free interest, maturity date 7/1/2018,
bought at 99.92$. My tax free muni bonds have 4-6% yield (6-9% taxable
equivalent yield) with average term less than 12 years, no bond ETF can beat
that. My taxable bonds have 5-8% yield with term less than 7 years, and for
munis, most of them are insured by AGM or MBIA. For corporate bonds, I like
falling angels best. Buy them for better liquidity than muni bonds and sell
them when crisis is over, such as ILFC, AIG, BOA in 2009-2010, Jeffries in
2011, GNW, MS in 2012 and BBY, Dell this year. For bond funds, only multi
sector or emerging market is useful like Daniel Fuss bet Ireland bond last
year. Other than that, I think most of us can DIY individual bonds with
higher yield (not junk bonds, but lower investment grade, especially muni
bonds with insurance) than normal bond fund or ETF, so that the interest
risk is much smaller than bond fund or ETF which usually put too much weight
on treasury bonds, high rating investment grade bonds that are most
sensitive to Fed rate, and yields are too low to offset the risk even you
hold them.
【在 r*******y 的大作中提到】
: I don't see there is an economic difference between individual bond
: and bond ETF if we ignore the relative value. It's just HFI vs. FV
: accounting treatment. Can you elaborate?
:
: bonds
|
j*********n
发帖数: 4116 | 12 是真的 我身边一堆一堆的 个人帐户也很烂 基本堕落到连吃老鼠仓的能力都没有了
对于散户理财投资 我忠心的建议买主流指数的ETF 不要浪费精力了
【在 s****y 的大作中提到】
: 说的是他们管理的基金吧？他们的个人帐号是不是表现好得多？有了解的吗？
|
s**********e
发帖数: 267 | |
t****y
发帖数: 576 | 14 what is 主流指数的ETF?
【在 j*********n 的大作中提到】
: 是真的 我身边一堆一堆的 个人帐户也很烂 基本堕落到连吃老鼠仓的能力都没有了
: 对于散户理财投资 我忠心的建议买主流指数的ETF 不要浪费精力了
|
f****d
发帖数: 3217 | 15 为什么买指数etf而不是指数基金呢？
【在 j*********n 的大作中提到】
: 是真的 我身边一堆一堆的 个人帐户也很烂 基本堕落到连吃老鼠仓的能力都没有了
: 对于散户理财投资 我忠心的建议买主流指数的ETF 不要浪费精力了
|
f****d
发帖数: 3217 | 16 讲的很详细，谢谢！想请教一下，我看到bond里面有Zero Coupon的bond，这种bond什
么意思，不是等于免费跟你借钱吗？为什么会有人买这种bond？
call
ask
beat
for
like
sell
【在 y****i 的大作中提到】
: By carefully choosing individual bonds with higher yield and shorter term,
: the interest risks are much smaller than bond ETF. Kicker bond without call
: protection but yield to call is higher than normal bond, no risk if the ask
: price plus transaction fee is lower than call price, usually $100. For
: example, 092840GQ4, 5% federal tax free interest, maturity date 7/1/2018,
: bought at 99.92$. My tax free muni bonds have 4-6% yield (6-9% taxable
: equivalent yield) with average term less than 12 years, no bond ETF can beat
: that. My taxable bonds have 5-8% yield with term less than 7 years, and for
: munis, most of them are insured by AGM or MBIA. For corporate bonds, I like
: falling angels best. Buy them for better liquidity than muni bonds and sell
|
s********n
发帖数: 1962 | 17 面值一百的zero coupon bond可以卖给你90块钱，到期还你100，你不就赚钱了吗。
【在 f****d 的大作中提到】
: 讲的很详细，谢谢！想请教一下，我看到bond里面有Zero Coupon的bond，这种bond什
: 么意思，不是等于免费跟你借钱吗？为什么会有人买这种bond？
:
: call
: ask
: beat
: for
: like
: sell
|
f****d
发帖数: 3217 | 18 到期还你多少钱在哪里可以看到？
【在 s********n 的大作中提到】
: 面值一百的zero coupon bond可以卖给你90块钱，到期还你100，你不就赚钱了吗。
|
r***e
发帖数: 2539 | 19 到期还你面值，呵呵。
【在 f****d 的大作中提到】
: 到期还你多少钱在哪里可以看到？
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