RealMoneyIssues' Account Talk

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Intrepid_Timer said:
It's a true honor to have beaten the best in the biz outside of TSP last year, again................... I'd love to see what these guys would do with our IFT limits.......;)
Click to expand...

[TABLE="class: grid, width: 250"]
[TR]
[TD="width: 104, align: right"]2012 Thru:[/TD]
[TD="width: 75, align: center"] 12/31/12[/TD]
[/TR]
[TR]
[TD="align: right"] Intrepid T:
[/TD]
[TD="align: center"] +13.13%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD="align: right"] C Fund:
[/TD]
[TD="align: center"] +16.07%[/TD]
[/TR]
[TR]
[TD="align: right"] S Fund:[/TD]
[TD="align: center"] +18.57%[/TD]
[/TR]
[TR]
[TD="align: right"] I Fund:[/TD]
[TD="align: center"] +18.62%[/TD]
[/TR]
[TR]
[TD="align: right"] L2040:
[/TD]
[TD="align: center"] +14.27%[/TD]
[/TR]
[TR]
[TD="align: right"] L2050:[/TD]
[TD="align: center"] +15.85%[/TD]
[/TR]
[/TABLE]

You are right, some of the top 40 on this list did not beat the S&P-500. And yes, I doubt they could have done as well as THEY did with the restrictions of the TSP, but some on the AT did...



And some of the returns of the top 10 of that list.

David Tepper

Rank: 1
Firm: Appaloosa Management
Earnings: $2.2 billion
Tepper, 55, continues to make a good case that he is one of the great hedge fund investors of all time. While most hedge funds underperformed the U.S. stock market in 2012, Tepper trounced it. His flagship hedge fund successfully bet on stocks and other securities at key moments in 2012, posting a net return of nearly 30%. His $15 billion Appaloosa Management has been knocking out annual net returns of about 30% since 1993. Tepper gave back some cash to his investors at the end of the year. He has continued to focus his philanthropy on educational efforts like Teach for America and feeding the hungry in his home state of New Jersey, where he has donated significantly to food banks over the past five years.
Click to expand...

Carl Icahn

Rank: 2
Firm: Icahn Capital
Earnings: 1.9 billion
At 77, Icahn enjoyed another strong run in 2012, beating the U.S. stock market and most hedge fund managers. The investment pool he manages for himself and his employees returned 28% in 2012, thanks to bets on Hain Celestial Group and CVR Energy.
Click to expand...

Steven Cohen

Rank: 3
Firm: SAC Capital Advisors
Earnings: $1.3 billion
The federal government is breathing down his neck with an insider-trading investigation that has spooked some of his investors, but that did not stop Cohen, 57, from making money in financial markets. In 2012, his Stamford, Ct., SAC Capital Advisors, which manages $14 billion, posted gross returns in the 25% range. That was not enough for Cohen to deliver a U.S. stock market beating performance for his investors after he charged them his customary steep fees, but a net return of 13% was still better than the vast majority of hedge fund managers.
Click to expand...

Ken Griffin

Rank: 6
Firm: Citadel LLC
Earnings: $900 million
The 44-year-old founder of Chicago-based Citadel, which manages $14 billion, is on a winning streak. After battling back from a catastrophic year in 2008, Citadel’s flagship Kensington and Wellington funds blew past their high water marks at the end of 2011, a year in which the funds returned more than 20% net of fees. The trend continued in 2012, as the pair finished up an impressive 25%. Though the firm is best known for its hedge funds, Citadel also houses a growing securities business, which currently accounts for 14% of U.S. consolidated equity volume.
Click to expand...

David Shaw

Rank: 8
Firm: D.E. Shaw & Co., LP
Earnings: $625 million
Shaw’s D.E. Shaw & Co. continued to perform well in 2012. The firm’s flagship Oculus fund closed the year up 18% net of fees, with the slightly smaller Composite International fund finishing just behind it at 15.6%. Though Shaw is no longer involved in day-to-day operations at D.E. Shaw & Co., the Stanford PhD continues to oversee higher-level decisions affecting the fund manager. Shaw also serves as an Adjunct Professor of Biomedical Informatics at Columbia University’s medical school.
Click to expand...

Leon Cooperman

Rank: 9
Firm: Omega Advisors
Earnings: $470 million
At age 69, Leon Cooperman outperformed the vast majority of money managers in 2012, guiding his $6.6 billion Omega Advisors hedge fund to net returns of more than 25%. Cooperman grew up in the South Bronx and started his career as a Xerox quality control engineer in 1965. After earning his MBA at Columbia University, Cooperman joined Goldman Sachs, where he rose to the head of the bank's asset management business. He departed in 1991 to found Omega, his own fund management company.
Click to expand...

Daniel Loeb

Rank: 10
Firm: Third Point
Earnings: $425 million
The founder and head of hedge fund firm Third Point had a fabulous year in 2012. His flagship hedge fund beat the U.S. stock market, which most hedge funds failed to do, with a 21.2% net return. His smaller leveraged fund was one of the best-performing hedge funds in 2012. The New York investor has enjoyed big years before, but now he is managing $10 billion. He made money betting on Greek sovereign debt and on a couple of activist positions. Loeb led a successful effort to dislodge Scott Thompson from the CEO position at Yahoo and replace him with Marissa Mayer. The stock has been a winner for Loeb as has his activist position in Murphy Oil. Now 51, Loeb made news early in 2013 by taking a position in Herbalife, the nutritional supplements seller, shortly after another prominent hedge fund manager, William Ackman, called the company a pyramid scheme.
Click to expand...
 
RealMoneyIssues said:
[TABLE="class: grid, width: 250"]
[TR]
[TD="width: 104, align: right"]2012 Thru:[/TD]
[TD="width: 75, align: center"] 12/31/12[/TD]
[/TR]
[TR]
[TD="align: right"] Intrepid T:
[/TD]
[TD="align: center"] +13.13%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD="align: right"] C Fund:
[/TD]
[TD="align: center"] +16.07%[/TD]
[/TR]
[TR]
[TD="align: right"] S Fund:[/TD]
[TD="align: center"] +18.57%[/TD]
[/TR]
[TR]
[TD="align: right"] I Fund:[/TD]
[TD="align: center"] +18.62%[/TD]
[/TR]
[TR]
[TD="align: right"] L2040:
[/TD]
[TD="align: center"] +14.27%[/TD]
[/TR]
[TR]
[TD="align: right"] L2050:[/TD]
[TD="align: center"] +15.85%[/TD]
[/TR]
[/TABLE]

You are right, some of the top 40 on this list did not beat the S&P-500. And yes, I doubt they could have done as well as THEY did with the restrictions of the TSP, but some on the AT did...



And some of the returns of the top 10 of that list.
Click to expand...

I'm pretty sure I said "outside of TSP", so shouldn't we compare apples to apples?

Thanks for the reminder of how "terrible" I did last year though.............:laugh:
 
RAMFNLclr-022613-sequestrat.jpg.cms
 
I liked your post because the picture communicates so much truth. But I hate the underlying facts, that we're spending ourselves into collapse, and dumping the mess on our kids and grandchildren so we can keep our "stuff".
 
Once again, looks like I made a stupid decision to go to the sidelines... should have stayed in since Birchtree has been spreading his BS again...

I really do need to follow my Rule #3 - Don't fight the Fed

Oh, well... I will see where we are on the 1st and decide to go in or not.

Looks like being safe this year paid off just like last year :nuts:
 
RealMoneyIssues said:
Once again, looks like I made a stupid decision to go to the sidelines... should have stayed in since Birchtree has been spreading his BS again...

I really do need to follow my Rule #3 - Don't fight the Fed

Oh, well... I will see where we are on the 1st and decide to go in or not.

Looks like being safe this year paid off just like last year :nuts:
Click to expand...



Too funny LOL.
 
In my IRA I am in a short ETF but down around 1% or so...

If the market dips I will probably put a stop in, for better or worse since the bulls have convinced me that we are going to all time highs and I don't want to lose any more...

If the market doesn't dip, I will probably stop the pain really quick as this position (and my heart) cannot survive another +175 day...

TSP is in G because I have been overly conservative. We'll see how the backlash from Sequester is reflected in the market and decide next week what I am going to do with TSP.

Not of any importance, just wanted to put it in writing.
 
I agree with jth. We need to make our millions now so we can afford cheese meat and other basic food stuffs in our retirement.
 
Birchtree said:
As long as the Dems support bad behavior like illegitimacy for welfare - we're wasting money.
Click to expand...

That is pure Reich wing nonsense.
Wasting money is what we are doing with Military spending.
Destroying the economy is what the GOP is doing by filibustering every single jobs bill in the past 3 years.
The deficit is dropping faster in the past 4 years than is has ever in history and that is even without ANY help from Tpublicans.
The sole reason the Tpublicans are literally giddy about letting the sequester go through is because that is exactly what they want, it is their agenda is to destroy the economy and kill as many jobs as humanly possible.
 
Nunyabiz said:
That is pure Reich wing nonsense.
Wasting money is what we are doing with Military spending.
Destroying the economy is what the GOP is doing by filibustering every single jobs bill in the past 3 years.
The deficit is dropping faster in the past 4 years than is has ever in history and that is even without ANY help from Tpublicans.
The sole reason the Tpublicans are literally giddy about letting the sequester go through is because that is exactly what they want, it is their agenda is to destroy the economy and kill as many jobs as humanly possible.
Click to expand...

Um, wow... very interesting first post. Welcome to the board.

How about the Senate pass a budget?

Also, there is a distinct difference between the Republicans and the Democrats and they believe you can foster job growth.

I find it hard to believe that anyone who thinks the Republicans are all for big business could possibly think they want to kill as many jobs as humanly possible... I would think that would hurt big business, right?

Anyway, if you really, really want to discuss all of this, use this link to enter into the realm of the political forum:
http://www.tsptalk.com/mb/site-news-announcements/12570-new-politics-forum.html#post370282

Thanks for stopping by and good luck with your TSP trades!!
 
Nunyabiz said:
That is pure Reich wing nonsense.
Wasting money is what we are doing with Military spending.
Destroying the economy is what the GOP is doing by filibustering every single jobs bill in the past 3 years.
The deficit is dropping faster in the past 4 years than is has ever in history and that is even without ANY help from Tpublicans.
The sole reason the Tpublicans are literally giddy about letting the sequester go through is because that is exactly what they want, it is their agenda is to destroy the economy and kill as many jobs as humanly possible.
Click to expand...

LOL need that dislike button!
 
RealMoneyIssues said:
In my IRA I am in a short ETF but down around 1% or so...

If the market dips I will probably put a stop in, for better or worse since the bulls have convinced me that we are going to all time highs and I don't want to lose any more...

If the market doesn't dip, I will probably stop the pain really quick as this position (and my heart) cannot survive another +175 day...

TSP is in G because I have been overly conservative. We'll see how the backlash from Sequester is reflected in the market and decide next week what I am going to do with TSP.

Not of any importance, just wanted to put it in writing.
Click to expand...

I guess I should have sold right at the open. Too much Fed money and too many sheeple buying at the market highs. Oh well, time to add another number to my rulez...
 
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