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@pmchem I am about to start a small project comparing a bunch of ETFs for the firm I work for with a view to adding the best of them to the portfolio of investments the advisors might recommend to clients. It’s not going to be too in depth and what I’m doing won’t be the only input, just focusing for now on historical performance and a very short analysis of the screen/methodology behind each. What I’m wondering about is how to compare the historical performance of ETFs that were established at different times. Obviously the performance since inception of something established in 2010 is going to be far less influenced by the last 12 months than something established 2 years ago. It may be a non issue because they may take a conservative approach and not want to touch anything that doesn’t have at least a 4-5 year track record. The flip side is that I think it is quite handy having a big crash so recently because it’s going to be easy to compare how they each held up in a crisis. Anyway, I’m interested in hearing your thoughts and if you had come across any tricks for comparing these things in your own ETF research.
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May 13, 2021 12:47
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gay picnic defence posted:@pmchem I mean, for my own personal research, I just do overlapping plots on the daily. e.g.: https://stockcharts.com/freecharts/perf.php?SPY,VUG,VTV&n=450&O=011000 You can adjust the size of the window and slide the window at that site. It's important to use a site that is giving you total return, not price return. If you're doing something more professional you could get historical time series directly from your broker's API, or perhaps from the googlefinance API, and create fancy plots and calculate all sorts of stats. Kinda like https://www.portfoliovisualizer.com/backtest-portfolio Also some ETF indexes will have historical index data that predates inception of the ETF, but that will be more effort to acquire. If you're just looking to screen things for performance, you could use a screener in tradingview or thinkorswim, etc. etfdb.com also has a fairly flexible screener.
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May 13, 2021 13:16
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Jobless claims roughly in line, April PPI double expectations and the market seems to like it
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May 13, 2021 13:37
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Combat Pretzel posted:That "visionary" twatwaffle didn't know about the energy requirements of Bitcoin? Really? Could be the case he didn't know that Tesla buying Bitcoin wouldn't improve the company balance sheet since BTC's an asset and not sheer profit (or so a snarky tweet told me).
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May 13, 2021 13:58
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Tokyo Sex Whale posted:Jobless claims roughly in line, April PPI double expectations and the market seems to like it Yeah, pre-market looks decent. It'll take a while to recover from the first half of this week, though. I especially got loving clobbered yesterday.
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May 13, 2021 14:02
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Red posted:Yeah, pre-market looks decent. It'll take a while to recover from the first half of this week, though. I especially got loving clobbered yesterday. I didn’t feel poor last Tuesday but I’m about at the level I was last Tuesday and I feel poor
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May 13, 2021 14:19
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Ooooh I'm getting a 'Sensitive Shareholder Information' mailing from Endra today! Wonder what it could be!
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May 13, 2021 14:30
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Omne posted:Ooooh I'm getting a 'Sensitive Shareholder Information' mailing from Endra today! Wonder what it could be! 
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May 13, 2021 14:33
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cr0y posted:I bought a couple puts so I basically saved the market. You are welcome y'all 😔
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May 13, 2021 14:36
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I guess is RH holders don't get it?
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May 13, 2021 14:42
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Wait, does number go down... or number go up?? I'm so confused anymore.
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May 13, 2021 15:03
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How do wash sales apply to options? Is a different strike and expiry date "different enough"?
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May 13, 2021 15:21
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Omne posted:Ooooh I'm getting a 'Sensitive Shareholder Information' mailing from Endra today! Wonder what it could be! Aw I didn’t get no notice. I’m NDRA’s biggest shareholder at 1500 shares right?
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May 13, 2021 15:30
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cr0y posted:How do wash sales apply to options? Is a different strike and expiry date "different enough"? Mostly yes but sometimes no and there’s not a clear rule as far as I know. It shouldn’t be relevant unless you have things with expiries into next year that you plan on holding.
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May 13, 2021 15:32
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Tokyo Sex Whale posted:Mostly yes but sometimes no and there’s not a clear rule as far as I know. It shouldn’t be relevant unless you have things with expiries into next year that you plan on holding. Mostly thinking about some calls that I dumped (this week) at a loss and if I can get back into a similar option when things calm down (maybe next week) assuming a different strike and expiry. I thinkkkkk I am in the clear but I love how something as concrete as numbers have vague rules with the IRS 🤨
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May 13, 2021 15:42
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Pilfered Pallbearers posted:Aw I didn’t get no notice. Im at 7,000 shares. No shareholder news for me on Fidelity yet. Decided to take a gamble on this goonstock a week ago. The market makes 0 sense anymore so figured the info here is as good as any other.
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May 13, 2021 15:46
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Pilfered Pallbearers posted:Aw I didn’t get no notice. I have a lot more. At like 2.35 average.
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May 13, 2021 15:56
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bad boys for life posted:Im at 7,000 shares. No shareholder news for me on Fidelity yet. Decided to take a gamble on this goonstock a week ago. The market makes 0 sense anymore so figured the info here is as good as any other. 5214 shares myself, Just picked up a bunch more at 2.05 because it seems as good of a dip play as anything else and has good upside if approval comes through.
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May 13, 2021 16:08
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Thought my AMC 5/14 $11c were DOA and then some magic struck. Went from down $2000 to up $2000 over night. Gonna hold for a bit longer to see if there's any run left. I have some TSLA 7/16 $720p that I'm not sure what to do with. They're up 90% so I'm tempted to take at least some money off the table, but I have no reason to believe the stock will climb again in the next two months. Then again, I have no reason to believe the correction will continue either...
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May 13, 2021 16:13
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Dipping my toes back into options with LMND 5/21 calls at $64. Considering how hyped that stock has been by rags like Motley Fool I think this will pay off.
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May 13, 2021 16:20
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Sunk cost fallacy and goonstock seem to be going hand in hand. I mean. I hope not. But I definitely don't have thousands of goonstock :dog:
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May 13, 2021 16:39
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Jimong5 posted:5214 shares myself, Just picked up a bunch more at 2.05 because it seems as good of a dip play as anything else and has good upside if approval comes through. Yeah that dip was really deep. Got more in at 2.01. This is cash I can let sit for a while if approval sits for months more. poo poo if it keeps swinging the way it was it’ll be worth it.
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May 13, 2021 16:57
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jeeves posted:Sunk cost fallacy and goonstock seem to be going hand in hand. The entire point of $GOON is that it's a penny stock, it actually works, is approved by the EU, and so the second it gets approval in the US you get free money. Calm people think $5. Evangelicals think $10-12. Dumb people are selling at a loss because panic. But mark my words. I will buy a Sony Bravia X90J with the profits from selling $GOON. Hail $GOON.
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May 13, 2021 16:59
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A HORNY SWEARENGEN posted:The entire point of $GOON is that it's a penny stock, it actually works, is approved by the EU, and so the second it gets approval in the US you get free money. I picked up 500 more on the dip!
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May 13, 2021 16:59
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A HORNY SWEARENGEN posted:The entire point of $GOON is that it's a penny stock, it actually works, is approved by the EU, and so the second it gets approval in the US you get free money. It doesn't seem to be approved anywhere in the EU, though. A CE sign means nothing.
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May 13, 2021 17:03
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Thinking a penny stock is guaranteed profit is a bit ridiculous. If it was such a slam dunk, it would be priced as such.
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May 13, 2021 17:08
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Who cares? It's Europe. The locals have turnip festivals to ward off vampires. They'll do whatever we tell them.
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May 13, 2021 17:08
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Hoop Dreams posted:Thinking a penny stock is guaranteed profit is a bit ridiculous. If it was such a slam dunk, it would be priced as such. Up to 3 dollars with no products is priced as such.
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May 13, 2021 17:09
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Congrats, I bought some Stupid Stock at $2 even. Now it can either gap up or go to zero and we can finally be finished with all this
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May 13, 2021 17:10
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Hoop Dreams posted:Thinking a penny stock is guaranteed profit is a bit ridiculous. If it was such a slam dunk, it would be priced as such. Penny stocks don't have to got to the moon to be worth it, you can also play swings because going from 2.05 to even just 2.25 is a 9.7% gain, something this stock has done multiple times. That's the whole appeal of penny stocks, they don't have to move much in price to be big winners (or big losers but that's part of the fun of being a degenerate gambler)
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May 13, 2021 17:17
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I also got a notification our of the blue of a letter from Goonstock too in my PO Box that I signed up with Fidelity with. (USPS sends out email notification on letters going to boxes). I definitely own less than 1K of the stock (uh, by a lot) so it’s not an issue of it just being sent to peeps with tons of ownership. A FYI for those who have not got this as well. I haven’t picked it up yet, but hopefully the letter doesn’t just say “welp”— cuz the price definitely keeps going down! jeeves fucked around with this message at 17:24 on May 13, 2021 |
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May 13, 2021 17:20
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I got the letter in my physical mail box, it's about nominating people to the BoD and some other random stuff.
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May 13, 2021 17:25
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Is there a name for this system? For example, you have a $50k portfolio (plus 5k in reserve cash). You trade only once a month, and you maintain that 50k balance. If you've gained after a month, you sell your weakest stock to bring the balance back down to 50k, and pocket the earnings. If you've lost, you buy more of your best stock to bring it back up to 50k, using your cash reserve. If there is a name for it, then I can research it, and hear others experience with it. I'm wondering if it could work, with stalwart companies, for the long term, to avoid panic selling, and the emotions that come from news stories and market fluctuation.
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May 13, 2021 17:26
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Financial rank and yank?
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May 13, 2021 17:29
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Losing money?
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May 13, 2021 17:42
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Just stick to index funds
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May 13, 2021 17:46
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ChocNitty posted:Is there a name for this system? lmao
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May 13, 2021 17:51
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ChocNitty posted:Is there a name for this system? 'put that 50K in an index fund and forget about it' seems like a much nicer system.
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May 13, 2021 17:53
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ChocNitty posted:Is there a name for this system? This is assuming your “best stock” will be a winner in perpetuity. Probably a bad thing to assume.
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May 13, 2021 17:56
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BlackMK4 posted:Just stick to index funds I feel like some of you aren't grasping the concept of this whole casino filled with degenerate gamblers thing.
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May 13, 2021 18:11
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