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Two And 20 In 2025
What'd you get for your two and 20 this year so far?
On average, hedge funds have returned 8% YTD,
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I so appreciate this post. It affirms that anyone without training (me) can do this.
My portfolio (half SPY and the other half in about 8 hand picked stocks- all tech and cash flow behemoths, except one *) has handily beat Goldman and also SPY.
The only trade I occasionally have to make is when one of the individual tech stocks becomes more than 10% of my portfolio. I trim that position and reinvest in SPY. When I die (not for decades, hopefully), my intention will be to only hold one position. SPY.
With respect to a “Mulliner”, I recently saw that a custom, hand painted, option is available. Start at one end with one color and transition to the other end with a different color. It just shows me that just because people have money, they don’t necessarily have good taste.
The one other stock is a small position that I hold as a tribute to the greatest living investor.
You used to occasionally post about the flows out of mutual funds and into the ETF space. I would imagine that trend has just continued and grown at an expanded pace.
YTD: $650 billion to equity ETFs, $290 billion from long-only mutual funds.
So yeah: Ongoing.
Not to mention the tax efficiency of an index ETF vs a mutual fund or hedge fund. There is very little reason to own active management in efficient markets like large cap U.S. stocks and now with active ETF’s there is zero reason to own a mutual fund in general.
When it comes to bonds, small cap, and international—i am willing to look at active management but still in the ETF wrapper.
hilarious post, thanks H