JayT Posted August 17, 2008 Report Share Posted August 17, 2008 ...wish I exchanged a couple of mill Wish I had a couple of mill Link to comment Share on other sites More sharing options...
buffalo_bill Posted August 18, 2008 Report Share Posted August 18, 2008 Gentlemen , I recommend you better spend your retirement time by gardening or chasing pre op kathoys at the Beach Road than thinking about forthcoming currency movements . If you care to study analyst's thoughts about the weak Euro two years back you will laugh your arse off . As much as they said the oil will go up to 200 USD til August , instead it's going down each day . Fishing is also a good alternative . BuBi Link to comment Share on other sites More sharing options...
dullnight Posted August 18, 2008 Report Share Posted August 18, 2008 "If you care to study analyst's thoughts about the weak Euro two years back you will laugh your arse off ." What are those people paid for actually ? it seems you are right and that most fund managers can't beat their comparative index, hence again the question of why do we need them ? Talked recently about this topic with two acquaintances who had a very different view, but one of them is working like crazy on a MBA spending quite a bit of time on financial analysis and he wouldn't want to consider those efforts might be futile, and the other one is working for a major investment bank and is implicitely looking for investors, arguing that well connected managers will beat the indexes because of insider trading... hhmmm...now I only need a few millions euros cash... Link to comment Share on other sites More sharing options...
buffalo_bill Posted August 18, 2008 Report Share Posted August 18, 2008 Sir , the Heidelberg university maybe 5 years back interviewed 100 people they met on the road about what they think is the stock market going to do . Almost all people asked did not know what the stockmarket does and what it is . Anyhow they were asked to answer questions they did not understand at all like : Where will the Merceds shares be in 6 months a) 34 â?¬ , 44 â?¬ , 54 â?¬ and they did kind of a lucky draw . The result was that they came closer to the reality than the analysts of the 3 leading German banks on day x. I do not have exact details any more . Over to you . Link to comment Share on other sites More sharing options...
dullnight Posted August 18, 2008 Report Share Posted August 18, 2008 Well, those findings also reflect my impression on the issue. It's a wonder then how come analysts can get away with high incomes, or any income at all. Link to comment Share on other sites More sharing options...
Dexi Posted August 18, 2008 Report Share Posted August 18, 2008 predicting index levels at some time in the future is notoriously difficult,but surely fund management is about more than just that... The managers of some funds do seem to beat the relevant benchmark index on a consistant basis but only by a fairly small margin. Link to comment Share on other sites More sharing options...
khun_khon_neua Posted August 19, 2008 Report Share Posted August 19, 2008 Back in days when I was actively investing, one of my favorite ongoing features was the WSJ Dart Board Contest . In fact, that was probably one of the reasons I quit paying that much attention and went with a variety of index funds. I also sleep much better now. Link to comment Share on other sites More sharing options...
Neon Ninja Posted August 22, 2008 Report Share Posted August 22, 2008 Well, those findings also reflect my impression on the issue. It's a wonder then how come analysts can get away with high incomes, or any income at all. Can they PLEASE fire that loud "Boo-yah" jagoff annoying stock guy that my father insists on watching every day! The fact that dad is losing his hearing and has the TV cranked all the way up makes that douchebag intolerable! -=/NN Link to comment Share on other sites More sharing options...
Weird Posted August 30, 2008 Report Share Posted August 30, 2008 got 34.03 or something on my last exchange : ) Link to comment Share on other sites More sharing options...
unit731 Posted August 30, 2008 Report Share Posted August 30, 2008 If you had placed US $30,000.00 under your mattress 20 years ago, you, today would have US $20,000.00! Go figure! Link to comment Share on other sites More sharing options...
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