I did not realize that Nathan with run the online portfolio as a free one. If that is the case, I may not have to sell some of the GG stocks I was considering selling.I love the free portfolio idea. I have always hated exclusiveness but can certainly appreciate why a business has to do it to pay its bill. But if it is free, I don't see any downside for the consumers. Exceptions are few such as options services where you want a small audience. But something like this is totally fine. Anurag
Hey Anurag --Now we can exchange roles and I'll be the grumpy guy and you can be the optimist!In the free portfolio, Nathan is only going to pick one stock a month, and, since he is starting from scratch, it is going to be a LONG time, if ever, for any significant portion of our GG-based portfolios to get any coverage. I think we will be stuck either trying to stumble along on our own, or just selling. Unfortunately, a lot of the stocks in the GG universe are very hard to find information about or analyze.Also missing will be the message board community, as dysfunctional as we were.Unlike you, I didn't see this coming. If I had, I wouldn't have invested money in companies I didn't feel confident following on my own. This was a risk about Motley Fool I didn't foresee, but now will always be in the back of my mind, like, for example, when I look at HG stocks.I'll probably end up eating my words and joining you with ETF investing!Jim
Wow! I just realized we are losing all the great postS on the GG boards.We will lose all commentary of all the recs, not good.Nate, Nathan, please explain what will happen to all the posts.Mark
In the free portfolio, Nathan is only going to pick one stock a month, and, since he is starting from scratch, it is going to be a LONG time, if ever, for any significant portion of our GG-based portfolios to get any coverage. I think we will be stuck either trying to stumble along on our own, or just selling. Unfortunately, a lot of the stocks in the GG universe are very hard to find information about or analyze.Hi Jim,The plan is a minimum of one pick a month. The odds are very good I'll be more active than that to start and I will be bringing over a subset (12 to 15) of stocks as a watch list as well. This group probably won't cover all of the stocks you own, but based on the boards you post on often it will cover at least some of them, I think.Best,Nathan
Great. That's good to hear, Nathan. Thanks.Jim
Hi Jim,You have to realize that ultimately nothing is forever. Think what might happen if TMF1000 and Dave Gardner were to vanish one day from the boards as it will indeed happen one day. We can only hope it is long enough that we have had our fill of the elixir. Just like investing in a company, you need to have an exit strategy even with investment advice. That a seasoned investor like yourself got blindsided puzzles me.I saw it coming with GG and I wrote about it many times over my last 4-5 years at GG. I have seen the subscribership steadily declining based on the number of active board posters. I see the same happening at HG. GG had no chance anyway as its returns were not of the quality that will keep people loyal or even attract many. Beating MSCI by 10% in a volatile fashion over 6 years and losing out to SP500 is not going to win it members. I cannot believe some people using the term "thrash" for 10% better performance over 6 years. It needs to be 40-50% to call it thrashing. HG shot itself in its foot. Who would ever want to subscribe to HG based on its advertised portfolio returns? The quality and quantity of discussions have fallen too. Pay dirt closed for the same reasons - rapidly dwindling subscribership coinciding with not so great returns. MDP is doomed for failure as well based on its very poor performance independent of the reasons. I cannot believe Jeremy defending MDP with 1.5% over SPY in 4 years by saying that mutual funds managers do worse. Defending MDP for having all its funds invested into SPY during crash does not work either. That may be an excuse for poor absolute returns but not poor relative returns to SPY. The kind of winners MDP sold early makes my head spin. I got the MDP access notice, but I have no desire to even visit the boards. As far as access to ideas is concerned if I have the best of TMF in SA, RBS, HG (superb picks still despite a lacklustre portfolio), MFO, Odyssey and II. Why do I need MDP? Odyssey is a much better deal. The portfolios are being managed by none other than superstars such as TMF1000 and TMFSarahgen both with proven records of great personal success (like retire at 40) that radiates in their posts. I am sure Odyssey will be a resounding success.TMF has taught me that overtime only the best products run by superb managements succeed. On that standard - GG, MDP, HG portfolio, PD - did not stand a chance. Each of these products have some really good people and their failure does not reflect on all the individuals associated with the product and its management. I have tremendous regard for Nathan and Nate as individuals and analysts although I may not agree with many of their decisions. I don't blame them for GG failure. I will start a separate thread on this issue.Anurag
That a seasoned investor like yourself got blindsided puzzles me.Well...yes...if only I were a smart as you, it wouldn't have happened.Sigh.
.if only I were a smart as you Is that a compliment or sarcasm? LOL....I am glad you subscribe to other TMF newsletters. We will get plenty of opportunities to lock horns.Anurag
Anurag,What is this Odyssey portfolio you mention? I would love to follow more of Tom E.'s picks. Is this a new MF service that I missed? (I usually ignore much of the MF marketing blitzes...)Thanks.
HongKongFoolie,It is Supernova - a new portfolio service with 2 live portfolios - Odyssey and Phoenix. This service is based on only Dave Gardner picks from SA and RBS.Anurag
It is Supernova - a new portfolio service with 2 live portfolios - Odyssey and Phoenix. This service is based on only Dave Gardner picks from SA and RBS. As mentioned it consists of only D. Gardner picks from SA and RB. If you subscribe to those newsletters you get in at the ground floor. The teams assembled for SN build a portfolio on those picks. TM1000 does not add picks outside those already selected in the 2 newsletters. The value will come in the portfolio management although I don't expect much trading....if we follow David G's philosophy anyway.If you subscribe to SN you get a subscription to both RB and SA.The essence of TMF is D. Gardner and they are (rightfully) leveraging that. Keep the price of SA low and supersize the customers to premium services.So far SN is a lot of fun but there is a fair amount of rah! rah! going on right now with the market rocking and rolling. I wish there was a bit more caution.RMM
I am glad you subscribe to other TMF newsletters. We will get plenty of opportunities to lock horns.Well good. Something to live for. I guess I won't slit my wrists after all.Jim ;-)(I actually enjoy you. A little.)
Thanks Anurag and RMM. Will have to keep an eye out for it next time SN opens up. TMF1000 and Sarahgen's insight alone might be worth the price of admission.
Best Of |
Favorites & Replies |
My Fool |