New Purchases by My Money Manager Puplava Securities
Posted by Frugal on June 23rd, 2006
I forgot to add this comparison in my last post. Comparing to Puplava, they made 3 purchases in my account, and their performance at the closing of this Friday including one-sided buy but no sell commission costs (which is quite significant) is up by 3.52% (while mine is up by 12.61% at closing)
- 8.25%
- 3.55%
- -2.86%
As much as I wish to give more of my money to them for management, when it comes to execution, they’re quite far from my satisfaction despite all of my high respect to their research & analysis. I opened my conservative growth account (which includes about 20% to 25% of precious metal, commodity) before the last bottom of precious metal market in last April. Bottom was in about mid-May. But after more than 1 year, their total gain is less than 10%, while my mutual fund purchase went up by 55%. Because I lump my performance with everything, Puplava certainly has dragged down my overall performance.
I do understand that a bigger firm can’t move as nimble as an individual, but a 9.09% difference is quite a lot to be hand-waved. Comparing my own past execution to theirs, time after time, my execution was usually at least 5%, and sometimes 15% better than their execution. Do you know any good money management companies that you could share with me? If you’re a good trader (like ML) at investing the middle way, I’m even willing to consider and try as long as there are proper platform/channel setup. I am fairly open-minded in general. I started my online banking back in 1997/1998. As long as you can show that you’re good, I am willing to consider.
P.S. I forgot to state that my individual account at Puplava may not be representative as a whole. But going back to the old statements, it appears that the performance in my account is probably not too far from their collective performance.
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June 23rd, 2006 at 4:45 pm
If that’s the case, do it all by yourself!
June 23rd, 2006 at 4:55 pm
If I have enough time, I will probably do it by myself. But my job & my family can be demanding at times. When everything all happens at the same time, the last thing that I will be taking care is my portfolio. When the market goes against me, it’s like there is nobody home. No one is watching, not me, not anyone else, and my portfolio will simply suffer due to the lack of attention.
I do know that with my two kids these days, I simply don’t even have enough time on a consistent basis to study, think, and trade the stock market.
June 23rd, 2006 at 9:19 pm
great site frugal, ill be coming back here to see what you have posted on a daily basis.
Just wanted to ask if you follow the new profund ETFs, they just started trading on june 21st. 4 inverse funds and 4 ultra bull funds that track the nasdaq 100, dow 30, s&p 500 and midcap 400
keep up the good work…..
bob
June 23rd, 2006 at 9:33 pm
Bob,
Thanks for your compliment. I haven’t followed much many of the ETFs that are available out there, except the sectors that I’m interested. ProFund is a great vehicle for traders. They have many different funds for you to bet on 1X, 2X, or -1X, -2X, etc. for many different indexes. I personally have not bought any ProFund, but may consider them for the resumption of the big bear market if it’s not already here. Although Ike Iossif, Frank Barbera, & Jim Puplava are still bullish, I’m very afraid that the bear market is already upon us.
I will be posting on many different topics, so you could pick the posts that interest you.
Thanks again.