|UNKNOWN||NORTH AMERICAN - LARGE & ETFs||_N/A|
Educational Segment. Measuring Risk and Reward. Within 20 years the vast majority of money in the world will be run by computers. The traditional portfolio manager will be gone. E.g. SU-T, 25% of the sector, a big player. Going back 10 years it has made nobody any money for 10 years. It is up less than the dividend. Buy it when it is cheap relative to the benchmark and the markets. Figure out how much you need in your portfolio. The price of oil is the most important factor in the stock price. Looking at the 5 year chart it is incredibly overvalued.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com