Jorgensens on Money - Free Discussion Site
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» DennisL - Jorgensens on Money
Glad to see this thread here. Didn't know it existed, but then I was away from Suite101 for a long time.I listen to the Jorgensens most Sundays. Sometimes they are good, and I like many of the special guests and interviews, such as the one today with that fund manager from Vanguard. Other times though, they make me gag, like last year when someone called to ask what SPYders are. Jim's reply was that he thought SPYders were some kind of a bond. LOL.
I also really like their tips for saving money and getting freebies. It was through Jorgensen's show that I first heard about free long distance calling from a computer to a telephone through services like Microsoft Messenger and Net2Phone. Since then, I haven't paid one cent for long distance calling. This has saved me hundreds of dollars.
All in all, I think the Jorgensens run a pretty good show.
-- posted by DennisL
» DennisL - One More Thing About JJ
Quickly perusing some of the earlier posts on this thread, I see some mention of California Investment Trust, a mutual fund family in San Francisco that advertises on Jim's show.Regulars here know that in some of my posts on the other threads, I mention an unnamed mutual fund family where I have all of my investments that are not in my employer's retirement plans, which use Vanguard. I'll name that unnamed fund family now, because I must give the credit for getting me started there years ago to an ad on JJ's show. The family is, of course, California Investment Trust. I have nothing but good things to say the people there and their funds. When you call the toll-free number, you get a live human being and friendly help. A year or two ago, they put up a Web site where you can review, exchange, purchase, redeem, or do anything you want to with your accounts. They have several stock and bond funds, all pure no-load and with low expense ratios, of course, as well as a couple of money market funds. I particularly like their S&P 500 index fund. Even with an expense ratio two basis points higher than Vanguard's (.20 vs. .18), this year it is slightly outperforming Vanguard's -- ten basis points or something like that.
OK. I am done with the commercial for CIT. Sorry for carrying on a bit too long.
-- posted by DennisL
» Kirk - Predictions of a bottom
Esian Katiar (sp?) co-hosting with Jim Jorgensen today is predicting a bottom for the market. Presented some good historical data that said 17 of 21 (or there abouts...) bottoms occured at the first rate cut and that a few more bottoms were set at the 2nd rate cut...Esian has been bearish for over a year (he wrote for the newsletter a bit when I was writing for Jorgensen) and he announced that he just bought MSFT and thinks if the bottom is not here, then it is very near.
Super-8: Jim did not give performance numbers for his Super-8 portfolio in 2000. It is funny these radio guys don't like to admit anything less than perfection! I have it as down 7.8% but would appreciate verification. He should not be upset with this as it actually beat the S&P500!
Good job to Jim Jorgensen for having a stock portfolio that beat the S&P500!
Here it is: EMC, GE, IBM, INTC, JNJ, MRK, MSFT & PFE
Jim's sponsor funds had great years. They mentioned performace for Sife trust fund (Banks?) and the Kaufman fund (small caps), but I didn't write those down. Banks and small caps had a terrible 1998/1999 but I remember Jim saying he was buying when they were down and he still liked these funds. Looks like they paid off for him.
-- posted by Kirk
» DennisL - Re: Predictions of a bottom
In response to message posted by Kirk:Jim's Super Eight has done very well. I'll give him props for that. One thing that I don't like about Jim, though, is that he comes across to me as one of those rear view mirror guys. He always says to callers something like, "XXX went up YY% last year and ZZ% the year before that, so we've made a lot of money on it. XXX is a good company that people want to own. It should continue to make us good money this year, so I would buy it." I don't know that I would tell callers to buy stocks ONLY because they did well last year, regardless of how much I might love the company.
SIFE Trust fund (ticker: SIFEX) is a fund that invests heavily in U.S. banks. I was in it until 1999. It is a highly loaded and a high expense ratio fund. Click on this link for Yahoo!'s profile of SIFE:
http://biz.yahoo.com/p/s/sifex.html
SIFE carries a 5% front-end sales charge and a 1.25% expense ratio--two of the reasons that I dumped it.
Click here for the lowdown on SIFE's performance:
http://biz.yahoo.com/p/mp/s/sifex.html
Kirk, you mentioned that you bought financial sector Spiders awhile ago when bank stocks were in a bear market. I don't have the numbers, but I would bet my bottom dollar that the Spiders have outperformed SIFE since you bought them.
The Kaufman fund (ticker: KAUFX) is another loaded, high expense ratio fund. Click on this link for Kaufman's profile:
http://biz.yahoo.com/p/k/kaufx.html
The Kaufman fund carries a .75% 12b1 fee and a 1.94% expense ratio.
Click here for the lowdown on Kaufman's performance:
http://biz.yahoo.com/p/mp/k/kaufx.html
...DennisL
DISCLAIMER: These musings are the original thoughts and words of DennisL and should not be construed as specific investment advice. Other than dollar cost averaging into boring no-load index mutual funds and buying and holding forever, I know absolutely nothing about the wild and woolly world of high finance and power investing. Please hire a qualified psychiatrist and fortune-teller for specific investment advice.
-- posted by DennisL
» SteveT - SIFEX Chart
http://www.stockmaster.com/exe/sm/chart?...It looked pretty good for a 3 year chart, the XLF had not started yet. The link is for 2 years, a whole new ball game.
-- posted by SteveT
» Kirk - Re: XLF vs SIFEX
In response to message posted by DennisL:I bought XLF last year at $21 or so...
http://www.stockmaster.com/exe/sm/chart?...
I do not plan to sell it as I did it to diversify and I buy sectors that are out of favor...
You are right Dennis!
Clearly, I picked a better vehicle
http://www.stockmaster.com/exe/sm/chart?...
as the chart doesn't even show the load... but Jim does this for a living and recommeds funds that sponsor his show. We gave XLF on the site to build traffic and I was more specific for timing and details in my newsletter.
Neither good or bad, just it DOES lead to under performance.
Thanks for the info on the funds Dennis. It sure goes to show why people really are best to learn for themselves as there WILL BE COSTS for relying on others... newsletter prices, hourly charges, percentage of funds under management or just free advice on the radio that is biased by sponsor input. Nothing new. That is why we have this site...
Jim WAS right... people that bought those funds DID make money. There are usually better alternatives.
-- posted by Kirk
» DennisL - Thanks, Kirk
In response to message posted by Kirk:Thanks for posting the links to those graphs - especially the one plotting XLF against SIFEX. You see how the two graphs move exactly in tandem with each other? The difference is sales loads and expense ratio. We simply cannot over-emphasize the point that loads and expense ratios do make a HUGE difference - especially over longer and longer time periods.
Congratulations on your XLF call. You smacked a grand slam with that one!
...DennisL
-- posted by DennisL
» Kirk - Super-8 up 9.9% YTD
I just checked my Quicken file for Jim's Super-8 portfolio and it is up about 10% YTD.Good contribution from MSFT (48%), IBM (35%), INTC (23%) and EMC (+20%).
Losers PFE( -6%), GE(-7%), JNJ (-13%) and MRK (-14%).
You listen to the show and he suggests buying the stocks that are off highs in his Super-8 so many are getting better results. I didn't catch the show the last two weeks. I wonder if he has people buying the 4 stocks that are down with new money?
[Super-8 lost 7.8% in 2000]
-- posted by Kirk
» DennisL - To Kirk re: Super-8 up 9.9% YTD
In response to message posted by Kirk:I listened to most of this Sunday's show, but not the show the week before. I don't recall Jim mentioning the four losing stocks specifically. He did talk about the Super-8 and the stock market in general terms, saying that he believes 2001 will be a very good year for the market. But that's Jim and has always been Jim--a permabull like Bat Man, but not quite as outspoken as Bat.
One more thought on Jim's show that I might have said before: I find his and Rich's tips on saving money when buying goods and services more valuable and more interesting than their stock market commentary.
-- posted by DennisL
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