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How do you pick funds - REALLY!

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Apr 15, 2007 1:42 pm

[quote=bankrep1] Philo out payout if your doing over 400K is 38% +

bonuses starting at 500K [/quote]



You’d better get a move on if you’re going to try to hit $400 K this year.

Apr 15, 2007 1:55 pm

[quote=Philo Kvetch] [quote=bankrep1] Philo out payout if your doing over 400K is 38% +
bonuses starting at 500K [/quote]

You'd better get a move on if you're going to try to hit $400 K this year.[/quote]

Especially with the haircut that the bank worker never sees.

Apr 15, 2007 2:16 pm

[quote=Bobby Hull]

[quote=Philo Kvetch] [quote=bankrep1] Philo out payout if your doing over 400K is 38% + bonuses starting at 500K [/quote] You’d better get a move on if you’re going to try to hit $400 K this year.[/quote]



Especially with the haircut that the bank worker never sees.

[/quote]



Are you a moron. There is no haircut. There is at Merrill though. E.g. I do a 7 yr. annuity I get paid 7.25% if the guy at Merrill writes the same biz he gets like 5% to his grid.
Apr 15, 2007 2:43 pm

[quote=bankrep1] [quote=Bobby Hull]

[quote=Philo Kvetch] [quote=bankrep1] Philo out payout if your doing over 400K is 38% + bonuses starting at 500K [/quote] You'd better get a move on if you're going to try to hit $400 K this year.[/quote]


Especially with the haircut that the bank worker never sees.

[/quote]

Are you a moron. There is no haircut. There is at Merrill though. E.g. I do a 7 yr. annuity I get paid 7.25% if the guy at Merrill writes the same biz he gets like 5% to his grid.[/quote]

Since you make more money than any bank worker in the history of the world, I have to believe that you don't get haircuts. The bank wouldn't want to upset someone as productive as you.

Apr 15, 2007 3:42 pm

Bobby shouldn’t you be out knocking on doors finding your next victim.

Apr 15, 2007 3:50 pm

[quote=bankrep1]Bobby shouldn't you be out knocking on doors finding your next victim. [/quote]

No. I'd rather hover at the teller window waiting for somene to deposit a 4 figure check that could go into a CD or fixed annuity.

Apr 15, 2007 4:03 pm

C’mon boys… good natured jabbing is OK. This personal s*it has got to stop.

Apr 15, 2007 5:10 pm

[quote=Ashland]C’mon boys… good natured jabbing is OK. This personal s*it has got to stop.[/quote]



Why do people respond to Bobby? Why hasn’t forum mod banned him?

Apr 15, 2007 5:35 pm

Me and Bobby go way back 5 or 6 screen names for him at least. Your’re right no one with any money goes to a bank…

Apr 15, 2007 5:47 pm

[quote=AllREIT] [quote=Ashland]C'mon boys... good natured jabbing is OK. This personal s*it has got to stop.[/quote]

Why do people respond to Bobby? Why hasn't forum mod banned him?
[/quote]

I'm usually good for a month or so before I get banned. Then I come back as someone else. I won't be hard to spot when I come back and then we start the cycle all over, again.

Apr 15, 2007 6:11 pm

"You bring up Calamos, do you think he was preparing for a crash that never happened?"

I think Calamos and his son are fine managers.  They have a good track record through many market cycles, with fine proprietary research and trading disciplines.

Calamos Growth has lagged severely due to a couple factors in my opinion. First, the asset bloat in recent years (the fund has exponentailly increased in asset size) has made it more difficult for them to properly invest these new dollars. Some managers can handle the large inflows- Calamos has shown that they havent been as adept as others.

The other big factor is that they went heavliy into technology a couple years ago, with the thought that the sector would rebound. Also, they were predicting that LC Growth would begin to emerge again as a market leader. Still waiting for that to gain traction...

All in all, I have been slightly trimming positions in the fund, but am hoping that they regain their prowess for making the NAV rise...

Apr 15, 2007 8:43 pm

[quote=Bobby Hull]

[quote=AllREIT] [quote=Ashland]C’mon boys… good natured jabbing is OK. This personal s*it has got to stop.[/quote]

Why do people respond to Bobby? Why hasn’t forum mod banned him?
[/quote]

I'm usually good for a month or so before I get banned. Then I come back as someone else. I won't be hard to spot when I come back and then we start the cycle all over, again.

[/quote]

Why don't you pick out your next screen name now and share it with us, say like "Barclay Plager", so we will know it is you!
Apr 15, 2007 10:40 pm

[quote=joedabrkr] [quote=Bobby Hull]

[quote=AllREIT] [quote=Ashland]C'mon boys... good natured jabbing is OK. This personal s*it has got to stop.[/quote]

Why do people respond to Bobby? Why hasn't forum mod banned him?
[/quote]

I'm usually good for a month or so before I get banned. Then I come back as someone else. I won't be hard to spot when I come back and then we start the cycle all over, again.

[/quote]

Why don't you pick out your next screen name now and share it with us, say like "Barclay Plager", so we will know it is you!
[/quote]

Keep an eye out for "joedapolesmoker."

Apr 15, 2007 11:04 pm

His next screen name will be "Stu Grimson" (aka The Grim Reaper).  Keeps with the Chicago Blackhawk theme and correctly identifies what he is doing with regard to the investment options that are in the clients' best interest:

Killing them.

Apr 15, 2007 11:14 pm

[quote=The Judge]

His next screen name will be "Stu Grimson" (aka The Grim Reaper).  Keeps with the Chicago Blackhawk theme and correctly identifies what he is doing with regard to the investment options that are in the clients' best interest:

Killing them.

[/quote]

Actually, I was thinking of using "Stan Mikita."

Apr 15, 2007 11:32 pm

Nah.  Although both were instrumental as far as today's NHL goes.  Story has it that Mikita had his stick get caught in a door and "bend" the blade.  He discovered the bended/curved blade made the puck to crazy things (i.e. drop, curve, etc).  He stuck with it and today you have all different sorts of curves.  In addition, apparently Bobby Hull was clocked at 118 mph on his slapshot.  Never been equaled.  The Golden Jet.....

Hope you had an opportunity to see a game at the old Chicago Stadium.  I wish I would have.  Must of been exceptional.

P.S. Please send me a pizza from the original Uno's; now that's good pizza.

Apr 15, 2007 11:55 pm

[quote=The Judge]

Nah.  Although both were instrumental as far as today's NHL goes.  Story has it that Mikita had his stick get caught in a door and "bend" the blade.  He discovered the bended/curved blade made the puck to crazy things (i.e. drop, curve, etc).  He stuck with it and today you have all different sorts of curves.  In addition, apparently Bobby Hull was clocked at 118 mph on his slapshot.  Never been equaled.  The Golden Jet.....

Hope you had an opportunity to see a game at the old Chicago Stadium.  I wish I would have.  Must of been exceptional.

P.S. Please send me a pizza from the original Uno's; now that's good pizza.

[/quote]

We had season tickets in the late 60's and 70's. The roar during the national anthem never failed to leave me with goose bumps on my arms. I still can't believe it's gone.

The Silo, in Lake Bluff, is the best pizza I've ever eaten. Even better than Uno's.

May 15, 2007 5:53 pm

I prefer the dart board method.

May 18, 2007 9:58 pm

I have picked a set of managers who have strong, lengthy tenure.  For the majority of my clients, I use c-shares.  I use SMA's for the larger clients.  I take about 5% of the portfolio and leave it to 'tactical' allocation, whereby I take advantage of proprietary research using ETF's, structured products, etc.

I turned a prospect away on Wednesday because he had a 300m portfolio that was very well put together using no-load funds and individual bonds.  I don't look to do business with people who can do it for themselves. 

I think we can all agree that only a very small percentage of all investors could invest for themselves and achieve even close to market returns buying individual securities and even, yes, ETF's (commissions, b/a spreads, taxes, emotion, etc.)  [1984-2004, average investor: 5.3% return, institutional investor, 12.x% return, average stock fund 13.x% return, needs a citation]  Similarly, I believe we can all agree that as a whole, financial products are a good thing (if not, I'd suggest you exit the business). 

Boast passive management all you want, but I think we all know that there isn't such an animal as a 'passively managed' index.  Moreover, attaching a 1% wrap fee to an ETF doesn't make you any better than a portfolio manager who consistently laggs his index by 1.2%.

burn me

May 19, 2007 2:33 pm

[quote=drewski803]

Boast passive management all you want, but I think we all know that there isn’t such an animal as a ‘passively managed’ index. [/quote]

No such thing as a 'passively managed' index? Pray that you explain this?

[QUOTE] Moreover, attaching a 1% wrap fee to an ETF doesn't make you any better than a portfolio manager who consistently laggs his index by 1.2%.[/quote]

Sure it does, because the lag is capped to 1.2% vs an active manager who could lag the index by a much greater amount.