Stock investment resources

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by The Falcon, 22nd Jul, 2015.

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  1. PKFFW

    PKFFW Well-Known Member

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    I also did not know the PT course had been discontinued. Was hoping to drag my wife along to one soon.

    So do the charts show that the Industrials still outperformed but just by a much smaller amount if you had started investing in 1992 rather than 1979? Or am I missing something more fundamental?
     
  2. Hodor

    Hodor Well-Known Member

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    The other thing previously discussed is the composition of the PT Industrial Index, as it isn't the industrial index most commonly used.
     
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  3. Nodrog

    Nodrog Well-Known Member

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    Visually it looks similar. However someone here awhile back with access to an excellent professional data source / tools determined that Industrials did significantly outperform resources and the All Ords.

    In a nutshell the Thornhill message is that of investing in shares for INCOME and to ignore capital volatility. Whether that’s Industrials or the main index doesn’t matter so much as the concept.
     
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  4. Nodrog

    Nodrog Well-Known Member

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    Yes, that is All Industrials (not sector index) which is everything excluding Resources. Of note is that Listed Property is included in the All Industrial Index.
     
  5. The Falcon

    The Falcon Well-Known Member

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    We also know the start dates of the chart hugely advantage Industrials, with the late 70s being a cyclical resource peak. In my view, the only reliable takeaways are ;

    - Ignore the press
    - take a long term view
    - understand compounding
    - be diversified
    - stay the course
     
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  6. PKFFW

    PKFFW Well-Known Member

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    I'm totally on board with the income aspect and think I have a pretty good understanding of the PT philosophy after reading his book and many threads here. Just wanted to make sure I was understanding the bigger picture of the charts.
     
  7. Hodor

    Hodor Well-Known Member

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    Even if the total shareholder return isn't as favorable as suggested. Perhaps volatility (both price and income) would be lower by excluding miners etc. Which has other advantages, haven't looked at the data, an eyeball suggests it might be the case.
     
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  8. The Falcon

    The Falcon Well-Known Member

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    Sure, but that is back testing. And PT would say he loves volatility as it provides buying opportunities! :)
     
  9. APINDEX

    APINDEX Well-Known Member

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    Charley Ellis - Indexing and Its Alternatives (EP.62) - Ted Seides

    I really got a lot from this interview with Charley have seen/heard multiple interviews and some of the ground covered in this one is little different...
     
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  10. R-Hub

    R-Hub Well-Known Member

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    Not sure if this thread is still kicking... Has anyone read some good material on EQ regards to investing.
     
  11. The Falcon

    The Falcon Well-Known Member

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    James Montiers “little book of behavourial investing” is worth a read. Any overview of cognitive biases would also be useful.
     
  12. R-Hub

    R-Hub Well-Known Member

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    Thanks for the title. Appreciate your great input in the investing threads!

    Downloaded and ready to read:)
     
  13. TMNT

    TMNT Well-Known Member

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    Hey everyone first time poster In this thread.

    I'm looking for some day trading resources for A beginner

    I know it's not easy but I feel I'm disciplined, have the time, willing to put in effort, have the capital

    Been reading a bit and learnt stuff like mindset, discipline etc. But strategy I haven't started
     
  14. Hodor

    Hodor Well-Known Member

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    What are you going to day trade?
     
  15. Nodrog

    Nodrog Well-Known Member

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    I wondered that myself as I thought night Trading is far more profitable:confused:.
     
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  16. The Falcon

    The Falcon Well-Known Member

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    @Alex Straker ......but your might need to extend your patience beyond the intra day.
     
  17. Nodrog

    Nodrog Well-Known Member

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    Yes on a more serious note @Alex Straker is well worth consideration if you wish to take this path.
     
  18. Nick23

    Nick23 Active Member

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    Follow Steve Burns on twitter...

    This is his website New Trader U

    Here is a website to a heap of resources

    /Free Download/
     
  19. dunno

    dunno Well-Known Member

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    Latest from Cliff Asness. Pretty long read but thoughtful and some great foot notes and links.

    Cliff's Perspectives

    If you're titling to value or adding REIT’s etc for non-correlation, or even just investing with an active manager, then Asness’s piece could have something in it for you about the difficulties of staying the course. The thing I like is that it is a real time perspective as he is currently enduring a rough patch with some strategies.
     
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  20. APINDEX

    APINDEX Well-Known Member

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