Roger Nusbaum

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The Dark Side Of Product Creation

The United States Natural Gas Fund (NYSE: UNG) has a huge premium to its indicative value but we already knew that. Now the DB Double Long Oil ETN (NYSE: DXO) is going to liquidate and IndexUniverse’s Matt Hougan is quoted in several places as saying there will be more of this to come.

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Votes:7
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Fear Not The Currency ETFs

Yesterday on CNBC, Ron Insana (who is now my colleague at theStreet.com even though I’m quite certain he’s never read anything I’ve ever written) commented that individual investors should not be speculating in the currency markets using leverage and futures products. He seemed to be saying that even currency ETFs probably are unnecessary as well.

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Should You Pay Off Your Mortgage?

Over the weekend I had a couple posts (here and here) on my blog that were intended to be theoretical explorations about when, if ever, an investor should ease up on the portfolio gas pedal if they have enough money at some point before retirement.

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Dissecting A Pro's Portfolio

IndexUniverse has an interview posted with Steve Hammers from Compass Advisory Group. In it Hammers gives some particulars about how he has allocated client portfolios. I thought it would be useful to dissect his ideas a little. To be clear every approach to portfolio construction and management can be picked on, including mine but it is useful to understand the drawbacks as well as any benefits.

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Votes:13
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Morningstar Still Doesn't Get It

I have been picking on Morningstar for the odd way they look at ETFs and fortunately, in terms of unintentional comedy, Morningstar still doesn’t get it. I looked at a continue ed piece they put out through SPDR. There was a lot to pick on but for today we can just focus on the following.

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Votes:9
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ETF Sorcery

A lot of noise has been made of late about levered and inverse ETFs. There has always been controversy surrounding them but it seems like the rhetoric has kicked it up a notch in light of the recent Finra warning that pretty much says to run screaming from the room with your arms flailing in the air.

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Votes:14
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Sasquatch, Decoupling and Other Myths

Roger Nusbaum of greenfaucet debunks the myth of decoupling in this brilliant piece.

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