Just wondering what type of recovery Shiller expects from the Italian financial sector. He recommends buying EWI which has 3 financial companies, UCG BMPS and ISP, as 20% of its holdings. Will these companies have a recovery? These companies seem to have flat-lined at the bottom...
19:15 I disagree. Trading costs are trivial now. You can buy Vanguard ETF's through Vanguard Brokerage, for example, with no trading costs. So he could go into tech, real estate, etc., as he mentioned, the better sectors, with zero trading costs. I think he is conflating two things. The tendency to lose money in a trade by buying too dear and selling too cheap. That is the prime reason for losing while trading and a different issue entirely. But his leaving that out and sticking with "trading costs" is not sound commentary today, I think.
glad to know that Bob also belongs to the church of Ben Graham, maybe the structure and fees for trading have changed in some places, but I tell you what any trading I do through my bank they charge me 29 Dollars for every trade so Bob´s reason is making sense to me.
izaccy Try TD Ameritrade or Schwab. At Vanguard, I pay about $7 per trade, I think, when it's not free for an ETF. Trading costs were significant decades ago, with full service brokers charging 2% or so. Today they are a non-issue, I believe, because they have fallen so.
Defy? do people defy theory, or do theories defy people? Depends which is serving which right, and who's selling corridor passes that lead to the levers of power. And what THOSE people are saying. Then it's anything you say boss (or professor even). Sorry for being snide, but the word Defy, sort of goes hand in hand with Obey doesn't it? A bit brutish for this day and age if you ask me, unless you're talking about obeying human nature. But at this stage, are the numbers obeying humans, or are humans obeying the numbers? What about other values and principles? Can't put a price on security and stability though, especially when it comes with a bit of excitement on the side? What capitalism has always offered right? Who can say no? Sorry my woman run off to be with another man and I still haven't found a job worth the doing, I suppose she couldn't say no either LOL
I want to thank the Wealth Track team for putting out this show. It may not get a million views but it is a very important show.
Indeed
Cheers from Bolivia
Just fantastic! I enjoy these interviews immensely and have watched many of them several times. Peter, 23, Denmark.
Well, we enjoy eating your country's danishes over here, so it all evens out.
Danish pastries in the USA are made in the USA, stupid.
Just wondering what type of recovery Shiller expects from the Italian financial sector. He recommends buying EWI which has 3 financial companies, UCG BMPS and ISP, as 20% of its holdings. Will these companies have a recovery? These companies seem to have flat-lined at the bottom...
19:15 I disagree. Trading costs are trivial now. You can buy Vanguard ETF's through Vanguard Brokerage, for example, with no trading costs. So he could go into tech, real estate, etc., as he mentioned, the better sectors, with zero trading costs. I think he is conflating two things. The tendency to lose money in a trade by buying too dear and selling too cheap. That is the prime reason for losing while trading and a different issue entirely. But his leaving that out and sticking with "trading costs" is not sound commentary today, I think.
glad to know that Bob also belongs to the church of Ben Graham, maybe the structure and fees for trading have changed in some places, but I tell you what any trading I do through my bank they charge me 29 Dollars for every trade so Bob´s reason is making sense to me.
izaccy Try TD Ameritrade or Schwab. At Vanguard, I pay about $7 per trade, I think, when it's not free for an ETF. Trading costs were significant decades ago, with full service brokers charging 2% or so. Today they are a non-issue, I believe, because they have fallen so.
Market Bubbles...
Shiller=)))))
Defy? do people defy theory, or do theories defy people? Depends which is serving which right, and who's selling corridor passes that lead to the levers of power. And what THOSE people are saying. Then it's anything you say boss (or professor even). Sorry for being snide, but the word Defy, sort of goes hand in hand with Obey doesn't it? A bit brutish for this day and age if you ask me, unless you're talking about obeying human nature. But at this stage, are the numbers obeying humans, or are humans obeying the numbers? What about other values and principles? Can't put a price on security and stability though, especially when it comes with a bit of excitement on the side? What capitalism has always offered right? Who can say no? Sorry my woman run off to be with another man and I still haven't found a job worth the doing, I suppose she couldn't say no either LOL
2:56 - "Economics is not an exact Science". 100% correct is Robert Shiller.