w******e
发帖数: 83 | 1 很多中国大学Nature Index的排名都很高，看了它的排名方法之后，发现好像是专门给
中国的大学做门面的。用68个期刊的发表情况来排名，真正的Nature子刊是其中很小的
一部分。一个化学系或物理系在chemical communications or applied physics
letters发表很多文章就可以排得很高，哪怕一片Nature子刊都没有。这个排名忒糊弄
了...弄得很多国内高校吹嘘自己超过MIT,加州理工。
The Nature Index journals
The current 12-month window on natureindex.com includes data from 55,986
primary research articles from the following science journals:
Advanced Materials (1083 articles)
American Journal of Human Genetics (155 articles)
Analytical Chemistry (1575 articles... 阅读全帖 |
|
A****0
发帖数: 1367 | 2 买买提猜想： 张汤姆的h-index大于3
conjecture of maimaiti: Tom's h-index is greater than 3. |
|
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s******d
发帖数: 323 | 4 they compare the index (without expense, or the minimum expense) against
all active funds.
1) many active funds are obviously losers, e.g. very high expense ratio,
high front/back end load funds, poor management, etc. yes, they are
included. If you want a fair comparison, please at least add those
SP500 index funds with 2% expense ratio or more in too.
2) many active funds are not trying to minimize the risk while
maintaining similar performance. they have less standard deviation
and have compar |
|
t***s
发帖数: 163 | 5 1. 我比别人聪明，所以我能beat market。
版上这里的大多是从国内来的尖子，在自己领域都是一把好手。当然是不是自己领域的
Wanner Buffet要打个问号。生活中发现美国老百姓很笨，加减乘除这种简单四则运算
都搞不明白。所以我不是average joes，我比别人聪明。
但是要知道隔行如隔山。在自己的领域牛不等于投资就会牛，从头学起，至少需要时间
吧。美国的精英阶层也是从全世界来的，和你一样的人才。花街那帮人也都不是吃素的
。他们都不能beat market，如果你自学一下就beat market了，可以去花街上班，挣得
更多。真是牛人，应该象Wanner Buffet一样搞股票，30岁就该小成，40岁就该大成了
，不应该在这里搞fund。
2. 我自己不beat market，我是选fund manager 帮我beat market
有些fund manager确实有talent，但事先选中他们得几率很小。发现现在持有那些beat
index的fund的人，20年前总共买过很多种fund，那些其它的fund，卖的卖，关的关，
那个beat index的倒是生存下来了， |
|
s******d
发帖数: 323 | 6 ☆─────────────────────────────────────☆
renxiaoyao (逍遥) 于 (Wed Dec 13 13:13:03 2006) 提到:
有20k在fedelity里面，打算先用10k投资。看了下以前mark的文章里面，有人推荐新手
投资index fund，如果是的话，10k资金如何在良莠不齐的index fund里面选择呢?
此外年底赶上分红啥的，俺现在买还能赶上分一杯羹嘛?
☆─────────────────────────────────────☆
Ringer (vail!!!!!!!!!!) 于 (Wed Dec 13 13:15:56 2006) 提到:
so you have maxed your roth ira?
☆─────────────────────────────────────☆
renxiaoyao (逍遥) 于 (Wed Dec 13 13:19:23 2006) 提到:
yeah, I just opened one.
☆─────────────────────────── |
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a***r
发帖数: 146 | 7 Philadelphia Fed's Factory Index Stalled in August
By Joe Richter
Aug. 16 (Bloomberg) -- Manufacturing in the Philadelphia region stalled
August, as orders and sales cooled.
The Federal Reserve Bank of Philadelphia's general economic index dropped to
zero in August, the dividing line between expansion and contraction, from 9
.2 in July, the bank said today. The gauge averaged 5.8 percent this year
before today's report.
The figures run counter to Fed reports yesterday showing gains in New York
m |
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t***s
发帖数: 163 | 8 [原创]Index investing思辩未名版之三
之二贴出去以后，反响强烈（感谢包子），偶索性疯狂打字，把之三也写了
版主mark一个，看客送个包子吧，呵呵
先回复一下讨论
1. Who cares about alpha?
Index investor！我们关心！其它投资style不需要关心！
我从“之一”就很小心，给其它playor足够的空间（这也是老大制版方针多元化），我
再强调一遍：看清我的限定词
大多数 = 80%以上（你可能不是，你完全可以选择其它方式 ）
散户投资者 = 不是以金融分析为职业的个人投资者(aka大多数investment版读者)
达成投资目标 = 养老，孩子上大学（而非getting rich quickly）
最佳方式 = 结论是压倒性的，没有其它方式超过它
其它投资style有20%的空间（抱歉稍微狭小了一点，但是我们是有根据的），在那里你
们有freedom。Yes，all the freedom you want！Forget about asset allocation,
Forget about diversification，Forget |
|
s******d
发帖数: 323 | 9 ☆─────────────────────────────────────☆
tonys (基因决定人生) 于 (Wed Nov 14 23:39:27 2007) 提到:
偶出于服务new cop的目的，疯狂打字一晚，版主mark一个，看客送个包子吧，呵呵
1. Index investing不是个人投资中最重要的问题
对，你没有看错，“不是”最重要的问题！
最重要的是：
Asset allocation
Buy and hold for long term
Low cost
没有上面三条，一切免谈
如果你做到上面三条，但是用了active managed fund，请放我一马，咱们下次再讨论
2. 对大多数散户投资者而言，index investing是达成投资目标的最佳方式
看清我的限定词
大多数 = 80%以上（你可能不是，你完全可以选择其它方式 ）
散户投资者 = 不是以金融分析为职业的个人投资者(aka大多数investment版读者)
达成投资目标 = 养老，孩子上大学（而非getting rich quickly）
最佳方式 = 结论是压倒性的，没有其它方式 |
|
s******d
发帖数: 323 | 10 ☆─────────────────────────────────────☆
tonys (基因决定人生) 于 (Thu Nov 15 15:59:51 2007) 提到:
[原创]Index investing思辩未名版之三
之二贴出去以后，反响强烈（感谢包子），偶索性疯狂打字，把之三也写了
版主mark一个，看客送个包子吧，呵呵
先回复一下讨论
1. Who cares about alpha?
Index investor！我们关心！其它投资style不需要关心！
我从“之一”就很小心，给其它playor足够的空间（这也是老大制版方针多元化），我
再强调一遍：看清我的限定词
大多数 = 80%以上（你可能不是，你完全可以选择其它方式 ）
散户投资者 = 不是以金融分析为职业的个人投资者(aka大多数investment版读者)
达成投资目标 = 养老，孩子上大学（而非getting rich quickly）
最佳方式 = 结论是压倒性的，没有其它方式超过它
其它投资style有20%的空间（抱歉稍微狭小了一点，但是我们是有根据的），在那里你
们有freedom。Ye |
|
b*********e
发帖数: 2642 | 11 ETF的一些优点,是不是如果长期持有的话(比如在roth ira里放个十几年),
和Index MF比起来就没什么特别优势了.反而因为不是自动重新投资,不如Index MF? |
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k**f
发帖数: 372 | 12 ETF is good if you want do a one time big investment and leave it alone. MF
is good if you want to build up your position over time, because you don't
have to pay commission each time you add more money into it, which is
required by ETF.
Both index MF and ETF have the unique benefit of tax efficiency, that is
they distribute little capital gain along the way.
So it is recommended that you invest in index MF or ETF in a taxable account
. Roth IRA is tax free, so the tax efficiency advantage of in |
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b*********e
发帖数: 2642 | 13 谢谢啊。我现在就那么点钱，只能填满每年我和ld的roth ira，暂时不考虑外头的了
买index一是省心，二是收费也低，虽然index税收的优势在roth ira里被缩小了
等有空了再钻研一下买个别的MF吧
你指出的这几点，都说明长期持有的话，ETF没有超越MF的优点，是这样吧。
MF
account |
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f****t
发帖数: 1063 | 14 Spartan 500 Index Fund - Investor Class (FSMKX)
or
Spartan U.S. Equity Index Fund - Investor Class (FUSEX)
(actually what are the differences between these two?)
so the institution fund is only for big investors? |
|
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c*******a
发帖数: 653 | 16 俺在fidelity开了个ROTH IRA的帐户想买index fund
看来看去和SP500有关的只有这个Dreyfus S&P 500 Index (PEOPX)没有transaction
fee没有load，不知道这个口碑怎么样。。。大家有知道的么？呵呵
放进去的钱是有那个5年限制的吗？contribution要在5年后才能拿出来？
拿出来是指从那个roth ira帐户里把钱提出来吧？不是指把基金卖了吧？是不是只要钱
还在那个帐户里就没事？
谢谢～～ |
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c*****x
发帖数: 429 | 17 https://personal.vanguard.com/us/VanguardViewsArticlePublic?ArticleJSP=/
freshness/News_and_Views/news_ALL_announcement_03192009_ALL.jsp&src=NMC&
returnLink=/freshness/News_and_Views/news_ALL_announcement_03192009_ALL.jsp
Shares of Vanguard's new international small-cap index fund, Vanguard®
FTSE All-World ex-US Small-Cap Index Fund, are now available for purchase. A
two-week subscription period begins March 19 and is expected to end April 2
, after which the fund will implement its long-te |
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s*******d
发帖数: 126 | 18 this is almost impossible. It is the companies in the S&P500 that pay
dividends, and there is no way to own these company stocks (by or close to
index proportion) but somehow refuse to get paid.
Vanguard does have something called Tax Managed funds that track somewhat
similar to the S&P500 (VMCAX and VTGIX). But the tax efficiency does not
come from the savings on dividends, rather than from minimizing unnecessary
trading as an S&P500 index fund is required to do in order to keep
completely prop |
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m*****u
发帖数: 1342 | 19 If he/she was asking index fund, FXI and CAF are the way to go. FXI is
larger I think.
Mutual fund is a totally different animal, most mutual funds can not beat
index or benchmark. Matthew fund has been in the business for a while, but I
don't know what's their main stratety and current investments. Personally I
felt LFC (China Life) is a better proxy to get exposure to China. They main
invest in bonds though (less than 20% in stocks). |
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t******n
发帖数: 28 | 20 【 以下文字转载自 Stock 讨论区 】
发信人: tiankhan (khan), 信区: Stock
标 题: symbol for us dolar index?
发信站: BBS 未名空间站 (Wed Aug 5 17:41:05 2009, 美东)
in scottrade (ELITE), what's the symbol for US dollar index?
Thanks. |
|
t******i
发帖数: 215 | 21 对于刚起步的投资者，ETF更合适。因为 traditional index fund的起步基金都要$
2500(fidelity)或$3000(vanguard)。
现在既然 iShares@Fidelity,还有 All ETF@Vanguard都是 zero transaction fee，那
么很少的钱就可以起步投资了，比如在vanguard买：
1 share BND (total bond) for $82,
2 share VTI (total domestic stock) for ~$62 per share,
2 share VEU (total international stock) for ~$46 per share,
1 share VNQ (real estate) for ~$53,
只花大约$350，就组成了一个“nano”的投资组合，然后再以此为起点慢慢积累，比如
每月买入一两百，非常适合学生或收入不宽裕的来起步投资。
从投资角度讲，ETF的缺点是容易买卖，于是诱使投资者去投机。
traditional fund 很方便做 automatic dol... 阅读全帖 |
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c**B
发帖数: 219 | 22 谢谢大家了
我听大家说感觉就是EFT如果选那些No cost的，似乎比index并没有什么明显的缺陷
至于不能一次买$1000整,分红，是否方便买卖什么的对我影响倒不是很大（基本是打算
买了就放在那里的）
这样看起来这两个都可以吧
顺便弱弱的打听一下你们都有啥index或者no cost eft推荐不？呵呵 |
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c*****x
发帖数: 429 | 23 https://personal.vanguard.com/us/insights/article/fund-announcement-A-
11292010?link=topStories&linkLocation=Position2
Effective today, Vanguard Total International Stock Index Fund offers lower-cost Admiral Shares™ for clients who invest at least $10,000 in the
fund. The expense ratio for the new shares is 0.20%, which is considerably lower than the already low 0.32% expense ratio of the fund's Investor Shares.
ETF Shares of Total International Stock Index Fund are expected to launch in e... 阅读全帖 |
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w*****a
发帖数: 166 | 24 我不大明白,这个index类的有什么好不好的?
比方说,买sp500的话,哪家不一样么?只要是对应sp500的index,都差不多吧.
唯一的区别就是expense
比方说,ivv, vfinx好了,都是sp500,就是total expense is 0.09% or 0.18%, right? |
|
l**********t
发帖数: 5754 | 25 NO. large TE means higher risk of deviating from the prescribed index and
your strategic asset allocation. So even with indexing, you have to make
active decisions on the return/risk trade offs (as anything else in
investing)--- "passive" investing peddled by Vanguard is an oxymoron. |
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p****d
发帖数: 621 | 26 index fund是不是不适合频繁的买卖？
比如像vanguard target retirement 2050一类的，是不是买了以后就不用管了，过三
年五载的优化一下就行了？
还有，应该怎么优化呢？把表现差的index fund卖掉买表现好的？这样岂不是高买低卖
吗？是不是有点傻。
刚开始了解相关知识，很晕。请牛人赐教。 |
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g****o
发帖数: 1284 | 27 给孩子开的Coverdell ESA，想买点Index Fund。问了Scottrade的客服，他们没有自己
的S&P 500 Index Fund。有什么好的推荐？最好能免Transaction Fee和Load Fee。多
谢！ |
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z****7
发帖数: 880 | 28 有公司增发股票,index必须跟着买,比如citi的增发
有公司回购股票,index必须跟着卖, |
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s****p
发帖数: 1087 | 29 （1）
Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index怎
么计算出来的？
这里有个收益率，10年的rate of return是7.02%.要知道过去10年的stock的rate of
return是2%左右。
http://enroll.tiaa-cref.org/resources/ffs/194408506.pdf
提到 Barclays Capital U.S. TIPS Index (Series-L):
1 年: 6.31%
5 年: 5.33%
10 年: 7.02%
但是这个数字怎么计算出来的呢？
是不是计算TreasuryDirect市场上各种TIPS bond的waited price，就可以了。
（2）
Bodie说提倡自己买TIPS，这样省手续费。我似乎不大赞成这个观点。
自己买TIPS的话，比如现在30岁，买30 years TIPS，利率是4%+inflation rate，不错。
但是当55岁的时候，预计65岁退休，买10 years T... 阅读全帖 |
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t*m
发帖数: 4414 | 30 I agree that tracking an index very accurately could be hard. But is it
necessary?
Say, there are two SP500 index funds, denoted as MF1 and MF2.
MF1 has a strong/expensive manager team and tracks SP500 very well, with the
correlation rho^2 at 0.995 (before any fees charged). And it's expense ratio is 0.1%
MF2 has an OK manager team and tracks SP500 fairly good, with the
correlation rho^2 at 0.985 (before any fees charged). It's expense ratio is 0.05%
In long run, will MF1 outperform MF2? |
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k***n
发帖数: 3158 | 31 S&P 500 index includes it all
every investment has its reasons behind it, after DD or not
some succeed and some fail
one has to respect the long term fact that index funds get the average
and that result is above average considering fees. this is just simple math
a |
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s*****e
发帖数: 21415 | 32 所以，理论上说你自己买index的500 member，track index，连fee也省了。
不是更好？呵呵
math |
|
k***n
发帖数: 3158 | 33
you should have included other indices, such as bond, commodities and
so on, in the question. this is a question of asset allocation.
I have never said that investing in S&P 500 index by DCA can beat 50%
of all the investors out there.
I have repeatly said you should compare apple to apple
I have said "the market that particular index represents", not the entire
investment market. Again, you can call it whatever you want if you don't
like the term "average". |
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S**C
发帖数: 2964 | 34 No need to be that difficult, I have said many times, throw out high-fees (e
.g., 20% more than categary average), and closet-index fund (no point to
invest in a high fee index fund), then you have a much smaller subset.
Vanguard actively managed funds demonstrated what they can do, as a good
example. They do not have many star managers (PRIMECAP may be the exception)
, low-fees carried them. |
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S**C
发帖数: 2964 | 35 Well not necessarily. For example, in a prolonged bear market, actvie
managed funds could collectively raise cash and sell equities to ...whom,
yes index funds investors, assuming indexer are all B&H, DCA type of guys. |
|
s********n
发帖数: 1962 | 36 hehe, I don't know who you are and I don't know what you are
trying to say. But I do see the following words from you
"in a prolonged bear market, active managed funds could collectively raise
cash and sell equities to ...whom, yes index funds investors, assuming
indexer are all B&H, DCA type of guys"
And apparently you assumed you or the active fund manager know
when it's a bear market in advance.
mathematically)
is
not |
|
s*******d
发帖数: 126 | 37 "but I will try my best to beat them."
I am not going to comment on how difficult it is to do what you want to do.
Let's just think about how an impossible thing it is just to *figure* out,
number-wise, what it is that you want to beat.
Without creating a clear picture on what "them" looks like, the phrase "beat
them" makes no sense.
It is a daunting task, and here are some (and possibly more) things that you
must do in order to create such a bench for comparison.
* For every new dollar you inve... 阅读全帖 |
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S**C
发帖数: 2964 | 38 Why? Jack uses both index and actively managed funds, such as Wellington, he
also think bond index does not make sense, at least now. I do not find
anything ironic here.
I kinda suspect VG actively managed funds drive some of his acolytes nuts. |
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k***n
发帖数: 3158 | 39 I dislike those brokers who sell actively managed fund to potential
passive investors without disclosing that most of them indeed lose to
index funds in a long run.
But let's face it, index funds are for idiots, who dont need to spend
time and energy but can get an average return, which is actually very good
but treating it like a religion and claiming this passive way is near
unbeatable is another extreme, and plain ridiculous.
from
funds |
|
k***n
发帖数: 3158 | 40 sorry if it sounded offensive to you
but I respect all opinions regardless it is religion-like or not
in fact, my own approach has religion roots
and I suggested many times on the board that people who do not want
to spend extra time and energy should stay with index funds to get
an average return.
by definition, index funds get an average return, so I simply can not agree
that they are unbeatable over long term. It may be my religion-like
argument too, lol |
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s*****e
发帖数: 21415 | 41 市场是自由的。所以大家都是成年人自负盈亏。
至于说投资方式，各自选自己喜欢的，赚钱了各爽各的，赔了各哭各的。
呵呵。。。 你喜欢index只管投资index，我木有问题。 |
|
q****s
发帖数: 97 | 42 Fidelity的DREY BASIC S&P 500
的费用（0.21% exp ratio+0.2mgmt fee ）比
500 Index Admiral Shares（VFIAX）的0.05%exp ratio
高那么多！
Fidelity’s Spartan U.S. Equity Index (FUSEX) fund我们公司401k option又没有
求推荐！！ |
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w***n
发帖数: 1519 | 43 spartan 500 index 那个er 很低了，不错
small cap 的index本身不靠谱，谁知道它成份股怎么拍脑袋选出来的。不过你如果年
轻，不介意风险也完全可以考虑。供你参考：vb的er 是0.16%。 |
|
s*******n
发帖数: 10426 | 44 【 以下文字转载自 Stock 讨论区 】
发信人: swordsman (真の猛士), 信区: Stock
标 题: 现在可以买S&P 500 的index吗？
发信站: BBS 未名空间站 (Thu May 16 14:02:01 2013, 美东)
现在是不是不能买S&P500 index的fund? |
|
c******y
发帖数: 523 | 45 典型保守加懒惰投资者，想选Vangard的index fund。
过来人请推荐个一两个吧。
另外听说他家要求citizen 才能有资格买他的index fund, 是吗？
谢谢。 |
|
E**x
发帖数: 33 | 46 Do you think Bogle has a point on international/bond index? It seems that he
thinks SP500 index is enough, and all others are not necessary. |
|
F******y
发帖数: 97 | 47 【 以下文字转载自 Stock 讨论区 】
发信人: Fridayyy (星期五), 信区: Stock
标 题: index fund
发信站: BBS 未名空间站 (Wed Jun 18 14:30:42 2014, 美东)
想买一个S&P的index fund。这个不同公司的产品有什么大区别吗？
我在fidelity的账号，大家有什么推荐的吗？
多谢了。 |
|
s*******e
发帖数: 257 | 48 我想请教一下：为什么不买index fund对应的ETF，而要买index fund？似乎看起来两
者收益和risk都差不多，ETF expense ratio还更低一些，交易也更灵活一些。 |
|
t**********r
发帖数: 1497 | 49 小白一个，想请教index fund是和股市平均收益率基本挂钩的么？
比如去年return rate是30%左右，那index fund能赚至少20%么？
多谢 |
|
t**********r
发帖数: 1497 | 50 查了一下网上Vanguard 500 Index Fund，貌似去年return rate 16%
请问那是不是如果有笔钱，如果不打算长期放在fund里，比如就放一年，是不是就不用
买index fund了，毕竟这涨了几年之后，很难讲下一年会不会跌？
多谢 |
|
