Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Many Canadians in their 30s, 40s not saving enough for retirement

macker · 04-16-2010, 10:40 PM

Frankly I feel like I'm arguing with a guy who doesn't believe his own arguments though. You were in the stock thread last year telling everyone how they should be looking at companies like AGU, CPG, ECA, SU. At one point you even suggest that you would buy only one stock: BHP! But saving the best for last in this post was the part when you talked about how you valued these companies: Vector Vest!!

So which is it macker? On one hand you are stock-picking and actively trading, and now its passive investing ftw? Surely you aren't a guy who thinks that no professional managers can beat the market, but you can...right?

(To be fair it was that thread where we had this run in, perhaps for the first time. One day you'll just join the dark side though!)[/QUOTE]

Ok....full disclosure. In that thread I recommended AGU which I bought in on December 4, 2008 @ $31 and as of today I am up 100.97%. Better yet in that thread was my recommendation to buy TCK.b which I did on December 23, 2008 @ $4.98 and as of today I am up 739.97% so yes I am outperforming the index and the other active managers out there. Am I just pumping my chest about my winners? No my overall portfolio is up 82% since I started on my own. If you go back and read my posts all that I was saying was that imo the safest/easiest/cheapest/most transparent way for the average investor who doesn't have time to do it themselves to gain diversification in the market today is with ETF's. Cheap and easy. Am I being passive aggressive? I don't think so. I think active and passive management styles have their place and should both be used. I have a bunch of ETF's in my portfolio. If you use the above example a small retail investor could do their homework and buy into TCK.b when it was beaten down whereas fund managers have mandates that won't allow them to so it is advantage small retail investor. If I can beat the index and the fund managers anyone can. Also now is not necessarily the time to invest in the stocks I am referencing above. You use ETF's also so we are good.

04-16-2010, 10:40 PM	#277
macker First Line Centre Join Date: Apr 2007 Exp:	Frankly I feel like I'm arguing with a guy who doesn't believe his own arguments though. You were in the stock thread last year telling everyone how they should be looking at companies like AGU, CPG, ECA, SU. At one point you even suggest that you would buy only one stock: BHP! But saving the best for last in this post was the part when you talked about how you valued these companies: Vector Vest!! So which is it macker? On one hand you are stock-picking and actively trading, and now its passive investing ftw? Surely you aren't a guy who thinks that no professional managers can beat the market, but you can...right? (To be fair it was that thread where we had this run in, perhaps for the first time. One day you'll just join the dark side though!)[/QUOTE] Ok....full disclosure. In that thread I recommended AGU which I bought in on December 4, 2008 @ $31 and as of today I am up 100.97%. Better yet in that thread was my recommendation to buy TCK.b which I did on December 23, 2008 @ $4.98 and as of today I am up 739.97% so yes I am outperforming the index and the other active managers out there. Am I just pumping my chest about my winners? No my overall portfolio is up 82% since I started on my own. If you go back and read my posts all that I was saying was that imo the safest/easiest/cheapest/most transparent way for the average investor who doesn't have time to do it themselves to gain diversification in the market today is with ETF's. Cheap and easy. Am I being passive aggressive? I don't think so. I think active and passive management styles have their place and should both be used. I have a bunch of ETF's in my portfolio. If you use the above example a small retail investor could do their homework and buy into TCK.b when it was beaten down whereas fund managers have mandates that won't allow them to so it is advantage small retail investor. If I can beat the index and the fund managers anyone can. Also now is not necessarily the time to invest in the stocks I am referencing above. You use ETF's also so we are good.