S**C
发帖数: 2964 | 1 Another reason I do not like to use broad cap-weighted index funds, although
I like international much more than US now. |
s********n
发帖数: 1962 | 2 没看懂。。
【在 S**C 的大作中提到】
: Another reason I do not like to use broad cap-weighted index funds, although
: I like international much more than US now.
|
l******g
发帖数: 6771 | 3 哪里没看懂？
【在 s********n 的大作中提到】
: 没看懂。。
|
s********n
发帖数: 1962 | 4 哪都没看懂。而且这个 return 是以 local currency 计算的吧？也就是没有计
算汇率变化或者通货膨胀。
【在 l******g 的大作中提到】
: 哪里没看懂？
|
S**C
发帖数: 2964 | 5 There are no returns in the table, only CAPE aka PE10 on 06/30/2013. |
s********n
发帖数: 1962 | 6 数字我明白了，可是还是没明白你的 point.
【在 S**C 的大作中提到】
: There are no returns in the table, only CAPE aka PE10 on 06/30/2013.
|
D*****t
发帖数: 558 | 7 i guess he's trying to say that in a traditional cap weighted portfolio
tends to overweight US that is expensive based on PE10. and hence he does
not like it.
I could be wrong. I don't understand either. |
S**C
发帖数: 2964 | 8 My points are two folds, 1) The international are more attractive than the
US in general even you consider the macro, and 2) I like EM, but if I own a
broad EM index funds, then I will own something like Columbia, Indonesia
equities, which I may be better off without.
Now I find 3), Japan is expensive now, I am going to get out. |
