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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: retired retirement portfolios Date: 12/5/2000 1:49 PM
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Greetings, Oloss, and welcome. You wrote:

Perhaps some voting like in coming up with the NOW index by the members could come up with good ideas. To have none is to give up.

LOL. When it comes to whose money is involved here, there's only one vote that counts. I think you know whose vote that is. :-)

The only thing I've given up is the public reporting of a portfolio that I would feel confident in seeing others use. Had there been stronger evidence of a statistical validity to the FF, the old ports would still be here. I have no desire to use any untested method of selection, much less hold one out as a model. My desire is to see a simple system that requires little maintenance yet produces better results than simple index investing.

I thought I had it in the FF, but it turns out the superior returns of the FF cannot be duplicated when one moves beyond the Dow stocks. That connotes a failure of statistical validity, and that means the probablility of superior performance significantly declines. While the FF may be an excellent mechanical approach when selecting stocks for the value component of an overall port, as the only stocks for growth purposes they no longer seem appropriate to me.

That puts me back at square one, which means individual stock selections to try and beat the indices, or an investment in just the indices themselves, or a combination of the two. Anyone can invest in indices, but individual stock selections take work and research at the personal level. Because that's personal, I intend to keep it that way.

Regards..Pixy

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