Do what you have to do to figure it out. You're never going to be perfect at this, but nobody is going to care about your money as much as you. The good news is, once you start winning the battle, it gets to be fun. It's like watching your favorite team win. |
Five or six months of good markets give people increasing comfort and courage. |
I think it tells you a lot about the confidence you can have investing overseas. And maybe a little about the kind of quarter we had here at home. |
If the market is going to go up next year, it's going to take some rotation of leadership. You can't have the same thing lead forever, people get tired of doing it and whatever it is, it gets overpriced. We see a rotation into tech names, just because it's been a laggard. The other things we see developing is that large will probably outrun small, and we think growth will begin to beat value. |
If you're saying, 'I think this year China, or Japan, is the winning place,' well, you have to agonize over that decision more if you're choosing among mutual funds. |
If you're saying, 'I think this year China, or Japan, is the winning place,' well, you have to agonize over that decision more if you're choosing among mutual funds. And while you may not go into an ETF saying, 'I'm going to trade this thing,' if avian flu breaks out, you can be out of there in 20 minutes. So that takes some pressure off. |
In 2005, investors began to pay attention to gradual improvement in the Japanese economy aided by some long overdue government-driven reforms. |
It shouldn't be a surprise. A company that consistently raises its distribution is a company that's doing fairly well. |
It's a tough area to get information on. Even if you call your broker, it's not likely the thing they're best informed on. |
It's my opinion he will get a green card. I'd be very shocked if he didn't. |
It's the same problem in the insurance business. It's driven by a sales culture where you get compensated for volume, so you don't get a compensation scheme based on performance excellence. |
It's very important to realize that while current gratification and comfort are a lot of fun, nobody is going to take care of you in your older stages of life except you. You've got to be your own angel. |
Like anything else, the time to buy them is when they look the scariest. When they've been going down, when rates have been rising, and you're afraid and there's the threat of recession. ... And if it's been fun for a while, you better think about getting out. |
Number one, long term, they will be a no-load buyer and a more cost-conscious investor and not lean so heavily on the advice of financial professionals. And two, it will force them to do a little self-educating, which is always a good thing. At the very least, if they are going to rely on someone else, they can ask intelligent questions. |
People understand real estate because they either own it or live in it. You ride by those apartment building or those office buildings with a plaque from your REIT and say, 'I own those.' It's kind of like owning McDonald's. |