Comments on: Navellier and Mechel — Cautionary Tale http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 21 Nov 2009 05:52:09 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Carlo http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html/comment-page-1#comment-4845 Carlo Thu, 28 Aug 2008 10:02:45 +0000 http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html#comment-4845 Have a look here... http://investorcrap.blogspot.com/2008/08/louis-navellier-and-solf.html Have a look here…

http://investorcrap.blogspot.com/2008/08/louis-navellier-and-solf.html

]]> By: Tom H. http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html/comment-page-1#comment-4500 Tom H. Sun, 10 Aug 2008 05:32:58 +0000 http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html#comment-4500 I finally canceled my GorillaTrades subscription after 3 years. My results were well under 1% gain over that time period, compared with about 6% return for another (less active) newsletter that was value-oriented rather than momentum-oriented. I think that value and dividend yields are going to be the name of the game over the next few years; we may be lucky if we break even after inflation in the equity sector. I finally canceled my GorillaTrades subscription after 3 years. My results were well under 1% gain over that time period, compared with about 6% return for another (less active) newsletter that was value-oriented rather than momentum-oriented. I think that value and dividend yields are going to be the name of the game over the next few years; we may be lucky if we break even after inflation in the equity sector.

]]> By: StockGumshoe http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html/comment-page-1#comment-4430 StockGumshoe Wed, 06 Aug 2008 23:03:09 +0000 http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html#comment-4430 WWP -- Certainly that's the basic strategy that probably most folks should start with, at least (though it's hard in years like these, the anomaly years when actively managed funds on average beat the index). If your goal is to beat the market, you have to at least start by doing as well as the market, which is surprisingly difficult to do on a consistent basis. WWP — Certainly that’s the basic strategy that probably most folks should start with, at least (though it’s hard in years like these, the anomaly years when actively managed funds on average beat the index). If your goal is to beat the market, you have to at least start by doing as well as the market, which is surprisingly difficult to do on a consistent basis.

]]> By: womanwithportfolio http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html/comment-page-1#comment-4429 womanwithportfolio Wed, 06 Aug 2008 22:52:18 +0000 http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html#comment-4429 With regard to institutions shifting to indexing, here's a recent development. The Massachusetts state pension fund pulled $2 billion in assets from Legg Mason Inc.'s Bill Miller and four other firms as part of a plan to shift all U.S. equity assets from managers who actively pick stocks to buy and sell. The board of the $50.6 billion pension fund approved the switch at a meeting today, citing ``inconsistent performance,'' said Francy Ronayne, a spokeswoman for Massachusetts Treasurer Timothy Cahill in Boston. The money was assigned to portfolios run by State Street Corp. and three hedge funds that are designed to track the investment performance of indexes, or baskets of securities. ``We've determined that active managers add no value over long periods of time,'' Michael Travaglini, director of the Massachusetts Pension Reserve, said in an interview. That doesn't mean that stock pickers are obsolete, just that indexing is a good base for building a portfolio over the long term. One of my husband's longtime from-childhood friends, who is one of the richest men in the country, and who advises huge institutions like state pension funds, told me way back when to start with indexes. And so far he's been proven right. With regard to institutions shifting to indexing, here’s a recent development. The Massachusetts state pension fund pulled $2 billion in assets from Legg Mason Inc.’s Bill Miller and four other firms as part of a plan to shift all U.S. equity assets from managers who actively pick stocks to buy and sell.

The board of the $50.6 billion pension fund approved the switch at a meeting today, citing “inconsistent performance,” said Francy Ronayne, a spokeswoman for Massachusetts Treasurer Timothy Cahill in Boston. The money was assigned to portfolios run by State Street Corp. and three hedge funds that are designed to track the investment performance of indexes, or baskets of securities.

“We’ve determined that active managers add no value over long periods of time,” Michael Travaglini, director of the Massachusetts Pension Reserve, said in an interview.

That doesn’t mean that stock pickers are obsolete, just that indexing is a good base for building a portfolio over the long term. One of my husband’s longtime from-childhood friends, who is one of the richest men in the country, and who advises huge institutions like state pension funds, told me way back when to start with indexes. And so far he’s been proven right.

]]> By: Lawless http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html/comment-page-1#comment-4426 Lawless Wed, 06 Aug 2008 14:15:32 +0000 http://www.stockgumshoe.com/2008/07/navellier-and-mechel-cautionary-tale.html#comment-4426 I got stopped out of Mechel long before Navellier recommended to sell. I'm glad I didn't follow Navellier's recommendation of not using stop losses. I got stopped out of Mechel long before Navellier recommended to sell. I’m glad I didn’t follow Navellier’s recommendation of not using stop losses.

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