A Weekly Newsletter that gives you brief recommendations on ETFs, markets, and investing philosophy. Anything we are enjoying or thinking about is also fair game.
Links on ETFs this week…
This years Inside ETFs conference, is in Hollywood, Florida this week, and includes Hall of Famer Joe Montana. Not sure what Joe knows about ETFs but he knows about winning so cannot hurt to hear him speak.
Delusional ETF Trading with Sarah Newton
This podcast on Bloomberg
The number of ETF’s is extraordinary. One of the reasons we focus on the commission-free ETF’s (besides the free) is that they are also the most liquid ones. Liquidity is an issue not only for your trades but for the ETFs own survival. Legg Mason is closing 3 ETFs this week and analysts believe the number of ETF liquidations could top 1,000 in 2019.
What I’m reading (listening) to this week
The invisible Hands by Stephen Drobny
In the same format as Market Wizards by Jack Schwager, but the interviewee is anonymous. Some of the interviews are more academic in nature as compared to the Market Wizards genre which tends to be more focused on trading. The book is almost 10 years old, so some of the subjects on current events (2011 copyright) are not that relevant. The thought process is what is most relevant. How do these money managers think about markets and structure their trades accordingly.
Market Thoughts…
“A position that is going with you tends to keep going with you and your initial estimate of the move may have been conservative. A loss by overstaying a market is not one of the common mistakes. In fact, holding a profitable position a little longer will win far more often than it will lose. The big risk is closing a good position too soon.”
Amos Hostetter
Founder, Commodities Corp.
If you have thoughts or comments, please click here to reach out to us.
You must be logged in to post a comment.