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Tradestreaming’s Best Retirement Book of 2011: Less Risk, More Return

Posted on December 27, 2011 at 5:12 pm

I don’t know about you, but most of the retirees have only one requirement for their investments:

Make some money and try not to lose any…

Come to think of it, I think many of us now have that same investing mindset.

Most investment managers — particularly, mutual fund managers who judge their performance against an arbitrary benchmark — are subject to the whims of the market.  Sure, they’d like to limit losses but if they’re an emerging market find manager and the BRICs get slammed, the fund is going to get slammed.

For do-it-yourself investors who practice buy-and-hold, the theory is that by manning the hatches during poor investment periods and holding tight, returns will be better than if we attempted to buy and sell our way through the investing storm.

That may be true but the trip is really nauseating, as we ride the ups and downs of the market.

This year’s best book on retirement planning plots a different course.

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  • Savings tools to prepare for a rainy day

    Posted on January 10, 2012 at 1:44 pm UTC

    The trick to saving for a rainy day is that you have to do it before the rains come…

    That means putting short-term gratification aside (skip the extra latte, push of the vacation, put in more hours at work) in favor of the long term.

    Investors understand this process as well as anyone. Putting money away long-term into a 401(k) or IRA means removing it from daily circulation. This seems much tougher to do in strenuous economic times, like today.

    So, this tweet from Mint.com caught my eye yesterday:

    Continue Reading »

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  • Bringing affordable, institutional-grade investment strategies to everyone – with Mike Kane

    Posted on January 9, 2012 at 2:05 pm UTC

    Individual investors have had to wait patiently to get access to low-cost, high-transparency investment products that employ similar strategies to what hedge funds use to make their money.

    The waiting is over as firms like Hedgeable provide powerful investment management that the rest of us can afford. Minimums are low, fees are low and transparency is high.

    Oh, and Hedgeable returned over 10% in 2011, a year when most stock markets were flat or down.

    On this week’s episode of Tradestreaming Radio, I speak with Mike Kane, co-founder and CEO of Hedgeable about his strategy, why investors benefit from hedge fund strategies, and how he can afford to price his fees so low.

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  • Who do you think are finance’s top thought leaders?

    Posted on January 6, 2012 at 2:53 pm UTC

    There’s a lot of second-rate financial information and poor financial advice floating around online. These people rise above the noise, helping themselves and those around them make better investment decisions.

    So, who do you think is making a difference? Who’s a thought-leader helping us understand more about investing or finance?

    The list below is TOTALLY incomplete but it’s a start of some of my favorite investing voices. Who are yours?

    Who do you think is a big thinker in finance (ideas, tools, strategies)?

    Zack Miller Who do you think is a big thinker in finance (ideas, tools, strategies)?

    Zack Miller | 16 items | 2312 views

    There's a lot of second-rate financial information and poor financial advice floating around online. These people rise above the noise, helping themselves and those around them make better investment decisions. Who do you think should be on this list?

    Source: http://www.tradestreaming.com/2012/01/06/who-do-you-think-are-finances-top-thought-leaders/

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    1. 1. Terrance Odean

      Terrance Odean

      Do Day Traders Rationally Learn About Their Ability? with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu. The Cross-Section of Speculator Skill: Evidence from Taiwan with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu. Once Burned, Twice Shy: How Naïve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold with Brad Barber and Michal Strahilevitz, forthcoming Journal of Marketing Research.

    2. 2. David Merkel

      David Merkel

      Author of the Aleph Blog:
      David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments. I manage separately managed stock and bond accounts for upper middle class individuals and small institutions. My minimum is $100,000

    3. 3. Jason Zweig

      Jason Zweig

      JasonZweig.com seeks to help investors maximize the odds of reaching their goals. This site preaches the virtues of investing patience and condemns bad logic and bad behavior.

    4. 4. Richard L. Peterson

      Richard L. Peterson

      Inside the Investor's Brain (Wiley, 2007) MarketPsych: How to Manage Fear and Build Your Investor Identity (Wiley, 2010) Neuroeconomics Post-Doctoral Studies - Stanford University, 2003-2004. Psychiatry Residency - San Mateo Medical Center, 2000-2004. M.D. (Doctor of Medicine) - University of Texas Medical Branch, May 2000, with Honors. B.S.

    5. 5. Michael Mauboussin

      Michael Mauboussin

      Legg Mason's Chief Investment Officer and author of investment books

    6. 6. Richard Thaler

      Richard Thaler

      Of best-selling Nudge fame.

    7. 7. Tom Brakke

      Tom Brakke

      Tom Brakke, CFA, is president of thomas j. brakke, llc, and its affiliated entities, including tjb research, a consulting firm specializing in helping investment firms in the areas of investment process, the use of external research, and the communication of investment ideas within a firm and to its clients.

    8. 8. Mebane Faber

      Mebane Faber

      I get a ton of emails with ideas and questions about trading systems. We put together a research piece that answers a lot of these questions and will likely publish it in the coming weeks on the blog or in a white paper.

    9. 9. Shlomo Benartzi

      Shlomo Benartzi

      Shlomo Benartzi, and Richard H. Thaler. (Summer 2007). Heuristics and Biases in Retirement Savings Behavior. Journal of Economic Perspectives. [ Link ] Shlomo Benartzi, and Richard H. Thaler. (February 2004). Save More Tomorrow: Using Behavioral Economics to Increase Employee Savings. Journal of Political Economy, Vol. 112.1, Part 2, pp. S164-S187.

    10. 10. Meir Statman

      Meir Statman

      Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University and Visiting Professor at Tilburg University in the Netherlands. His research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets. Meir's book, "What Investors Really Want," has recently been published by McGraw-Hill. The book's subtitles are "Know What Drives Investor Behavior and Make Better Financial Decisions," and "Learn the Lessons of Behavioral Finance."

    11. 11. Brad Barber

      Brad Barber

      Brad is the Maurice J. and Marcia G. Gallagher Professor of Finance at the UC Davis, Graduate School of Management. He is also the Director of the Center for Investor Welfare and Corporate Responsibility. His recent research focuses on analyst recommendations and investor psychology. His research has been covered extensively in the financial press, including Business Week, Time, The Wall Street Journal, ABC News, NBC Nightly News, CNN, CNNfn, and CNBC.

    12. 12. David F. Swensen

      David F. Swensen

      As Yale University's Chief Investment Officer, Swensen literally wrote the book about endowment investing.

    13. 13. Jonathan Clements

      Jonathan Clements

      OKAY, OKAY, I ADMIT IT, I don't update this Web site very often. But if you check back occasionally, you're likely to find new stuff. While I am no longer in the column-writing business, I continue to do a heap of writing for Citi Personal Wealth Management-and some of those pieces are now available on Citi.com.

    14. 14. Wesley R. Gray

      Wesley R. Gray

      Wes is a professor at Drexel, runs the Turnkey Analyst site, and got his PhD at Chicago.

    15. 15. Darren Roulstone

      Darren Roulstone

      Director, PhD Program Associate Professor of Accounting & MIS Professor Roulstone conducts research on the role of information intermediaries in capital markets. He publishes in, and is a reviewer for, a variety of accounting, finance, and legal journals. He currently serves on the editorial boards of the Journal of Accounting Research, the Accounting Review, and Contemporary Accounting Research.

    16. 16. Robert D. Arnott

      Robert D. Arnott

      Robert D. Arnott (born 1954) is an American entrepreneur, investor, editor and writer who focuses on articles about quantitative investing. He is the father of Richard Wiles-Arnott, Sydney Arnott, and Robin Arnott. He edited the CFA Institute's Financial Analysts Journal from 2002–2006, and has edited three books on equity management and tactical asset allocation.[1] He is a co-author of the book The Fundamental Index: A Better Way to Invest.[2]

    View more lists from Zack Miller

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  • [presentation] optimizing your portfolio with ETFs

    Posted on January 6, 2012 at 1:49 pm UTC

    Wealthfront is pivoting — away from the marketplace of RIAs model like Covestor employs and towards fundamental, portfolio management delivered over the Internet.

    The firm appears to be joining a growing bunch of firms focusing on the online delivery of financial advice, like:

    • Personal Capital:  a portfolio manager with A-team management, providing portfolio management over the Interwebs (see my interview with the president of Personal Capital)
    • LearnVest: Focused on a younger, female demographic, delivers financial advice, courses, bootcamps, and now, a subscription model that gives clients financial planning and access to CFPs for ongoing advice.
    • Hedgeable: up over 10% in 2011, this upstart — founded by two experienced hedge fundies — provides institutional-type strategies to individuals for insanely affordable fees (some services are free).
    • Jemstep: Plug in your portfolios at different brokers and the Jemstep platform analyzes everything and makes suggestions to help your optimize your holdings. (here’s my interview with Jemstep)
    Wealthfront’s new approach is to emphasize its adherence to MPT (Modern Portfolio Theory) and this is the first presentation from the newly-focused firm. I think it’s pretty sweet.

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  • How to use Twitter to make money in the stock market

    Posted on January 3, 2012 at 1:45 pm UTC

    Being able to predict movements in the stock market – with any level of accuracy — has drawn a lot of attention lately. I’m personally glad to see Professor Bollan – the author of the famous Twitter-sentiment-stock-market-predictor paper - back in the fray.

    Of course, I’m not objective– my Tradestreaming book was early on the scene to take a look at how research and investors are finding ways to use social media to make better — smarter — investment decisions.

    This time, Bollan takes the discussion a step forward in looking for the connecting between social media and investing– by looking at many of the tools investors use to predict future stock market moves.

    These indicators, like the Investors Intelligence or Daily Investor Sentiment, measure investor mood. Behavioral finance stresses that factors like emotion and mood impact investor decision making and therefore, markets.

    Bollan’s new paper, Predicting Financial Markets: Comparing Survey,News, Twitter and Search Engine Data compares a set of best forecasting tools to see which are most accurate and useful for investors.

    How to use social media to invest

    Bollan’s findings include: Continue Reading »

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About Tradestreaming

Tradestreaming is a community of investors learning directly from experts. I’m Zack Miller, investor, entrepreneur, and founder of Tradestreaming.com and I literally wrote the book on how to invest in the age of Facebook and Twitter. Tradestreaming is the resource I’ve created to help me become a better investor.  I believe it will help you … Continue Reading