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Sharing own portfolios

  • 1.  Sharing own portfolios

    Posted 02-06-2025 07:02

    What do you all think about sharing own portfolios and trades preferably with the rationale for the trades and timings? Will it benefit others? Or can someone misuse it? I think, the knowledge of the masses can help everyone.



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    Thanks 🙏
    &
    Good luck with all your investments and endeavors
    InvestorNV | Boston | MA
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  • 2.  RE: Sharing own portfolios

    Posted 02-11-2025 12:01

    I may have suggested something similar to AAII in the past, and in either case wholly endorse this idea. It can be anonymous and share only percentages not absolute amounts possibly, but to have a round table critique would be most educational in my opinion.



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    JAMES ISAACSON
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  • 3.  RE: Sharing own portfolios

    Posted 02-11-2025 12:36
    Edited by BARRY JOHNSON 02-11-2025 12:38

    James,

    AAII already does this.

    Each month the AAII website asks AIIers to update the percentages of their portfolio investments by asset categories and Charles publishes these data in his Charts of Interests posts soon afterwards. 

    In the past, I have compared portfolio asset category percentage trends to the AAII sentiment survey allocation data percentage trends to see if changes in AAII portfolios (actions) align with their sentiments (expectations). It doesn't usually tell me anything useful, but it does show how far we are from being "rational" as a group. It may be the best example to prove the efficient market hypothesis.

    Perhaps you are asking for more granularity?

    James, I hope this helps you.

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    Vinod

    My opinion on this thread. I don't see any merit in this idea.

    What informational value do not see in asking about asset holdings?

    Can someone educate me on exactly HOW they would process these data for, say, 100 AAII member portfolios and expect useful information? I will let you assume the data are accurate, although that's a really bad assumption.

    How would you use it?  (See my history above.)

    Isn't this what Reddit does?  

    Regards and regrets.



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    BARRY JOHNSON
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  • 4.  RE: Sharing own portfolios

    Posted 02-11-2025 15:09
    Edited by Vinod Nair 02-12-2025 12:52

    Hi Barry 

    I like the words 'informational value'. If every viewer insist on informational value, all the comedic financial media hosts will stop screaming buy, buy, buy and sell, sell sell. What is the informational value in a fund manager telling us to buy and then sell the same when he gets to office? Negative? 

    Wouldn't be much more valuable if we are able to see what these folks are buying and selling in real time? That will have more informational value than listening to what they say. 

    The same way, if the rational investors of aaii are willing to reveal what they are buying and selling, as well as the rationale to make that decision, it will be highly valuable to me. 

    Moreover, when we do anything in public, we will think twice if foolish.

    And there is a reward too. If many follow your purchases, that alone can increase the value of what you purchased 

    Eager to know your thoughts.



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    Thanks 🙏&
    Good luck with your investments
    Vinod | Boston | MA
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  • 5.  RE: Sharing own portfolios

    Posted 02-11-2025 17:52

    Hi Barry,

    I was echo'ing what I understood to be Vinod's idea / request. You're right that we do get some macro info from the portfolio allocation survey. More granularity is probably the answer I'm envisioning. What if each month AAII reviewed a subscriber's (voluntary) submission which could include a portfolio amount and allocation, along with the the individual's demographics (e.g. age, married, debt, expenses, etc), and had the AAII team critique the individual's situation? I would find that insightful as they sometimes provide in PRISM articles.

    Jim



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    JAMES ISAACSON
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  • 6.  RE: Sharing own portfolios

    Posted 02-11-2025 18:07
    James
    Thanks for making your position clear

    You may see the list you offered up to be sparse, My wife knows all that information for the rest of the world. It's none of their business.

    I also realize that for the last 25 years, the Internet has been tracking everybody and has all that information down and it's probably selling it to somebody as I talk to you

    But I have no interest and I don't personally understand how anybody cares what I buy what I sell and what I spend
    Regards





  • 7.  RE: Sharing own portfolios

    Posted 02-12-2025 09:33

    James and anyone else supporting Vinod's idea,

    I think Vinod's idea would create a trove of interesting data. Its utility is debatable.

    Your suggestion that AAII to moderate/manage/oversee and gather and distribute of such a database would severely tax current AAII current FINANCAL and STAFF capabilities. That's a non-starter.

    Handing over personal data to strangers hiding their true identities, intentions, and motivations behind via multiple layers of legalese is something we had have become used to. We click or sign away all our rights every time we log into any internet site. Have you seen the length of those "terms of use" statements we click on? When you hit that innocuous NON_NEGOTIABLE button they (whoever they are and that's another BIG issue) acquire the right to sell all your personal data to anyone they chose to characterize as a "business associate." 

    If you use a cellular device to conduct investment transaction, you are already in someone's database and your investment activities are being captured and stored somewhere by someone.

    AAII legal advisors will nix this idea on the first phone call, but John will never place that call. He values his job too much.

    Regards



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    BARRY JOHNSON
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  • 8.  RE: Sharing own portfolios

    Posted 02-12-2025 13:16

    there is already the necessary functionally to maintain watchlists. it should not be hard to expand it to trades. we will need to capture the decision points such as value, momentum or growth which goes into each of these trades. and we need to make the publishing anonymous, of course for those who choose to do so.



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    🙏
    Thanks
    And good luck with your investments
    InvestorNV | Boston | MA
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  • 9.  RE: Sharing own portfolios

    Posted 02-11-2025 18:13

    Hi James

    When the index gained 25 percent last year, aaii model portfolio lost 5. I think this is a consistent theme every year. In addition to critiquing individual selection, the model itself should be scrutinized in my opinion 



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    Thanks 🙏&
    Good luck with your investments
    Vinod | Boston | MA
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  • 10.  RE: Sharing own portfolios

    Posted 02-11-2025 20:57

    There are a number of websites like Stocktwits that encourage members to share short-term trading actions, but I learn more from the reasoning and the factors that AAII members are using to make investment decisions than in the actual decisions themselves.  






  • 11.  RE: Sharing own portfolios

    Posted 02-12-2025 03:42

    Stock twits are good to measure sentiment but when we consider value or momentum of a stock which are probably the primary considerations there are still no good way to distill those from public websites. Or there are so many ways such techniques are deployed, some are based on sound knowledge but most are superstition masqueraded as knowledge, I fear 



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    Thanks 🙏&
    Good luck with your investments
    Vinod | Boston | MA
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  • 12.  RE: Sharing own portfolios

    Posted 02-12-2025 08:58

    For reference here is The AAII Mission

    AAII is an independent nonprofit corporation formed in 1978 to assist individuals in becoming effective managers of their own assets through programs of education, information and research.

    Our founder, the late James B. Cloonan, Ph.D., started the Association because there was no defender and promoter of the individual investor. All publications, tools and focus went to financial managers and bankers who managed millions or billions of dollars. Those wanting to forge their own financial destiny had no one on their side.

    Cloonan firmly believed that with the right education and information, individual investors have inherent advantages over their institutional counterparts and can regularly outperform the market-and the firms who spend unthinkable sums to beat it.

    This is because you, as an individual investor, have the unique ability to invest where firms cannot. Large institutions generally cannot effectively invest in the stocks of smaller companies or in less-liquid issues, both of which characteristics have generally performed best in the long run. Individual investors can also focus on a broader time horizon rather than needing to meet quarterly goals for the sake of job security or bonuses.

    With the right resources and mentorship, these benefits can amount to substantial extra wealth.

    Cloonan's dedication to empowering individual investors defines AAII and vitalizes our commitment to you. We pride ourselves on remaining an independent voice not reliant on commissions, advertising revenue or kickbacks from large corporations.

    Because of this independence, our revenue and mission align perfectly. We succeed along with our members. If our offerings lose value, we will lose membership and money. But as we stay true to our mission and supply the analysis and tools needed to achieve personal financial goals, our members will continue to stay with us and the Association will thrive. We are entirely committed to you.

    AAII makes its money through membership dues. We supplement this by selling premium products and newsletters (you can learn more about them here).

    This business model is not meant to bait-and-switch members. Rather, regular AAII membership gives most members everything they need to succeed in the market. But some want more: They want investment discovery tools or newsletters and model portfolios that outline a specific investing approach. We don't take this ask lightly.

    We hire developers and analysts to build and run these products. To offset those costs and have dedicated resources for improving our offerings, we need to charge for premium services.

    But unlike other companies, we don't create newsletters for the sake of quick revenue. Each product we put together takes years of extensive research and comes at the behest of our members. We respond to your needs and take the time to do it right.

    And that's the ethos we have at AAII. We promise you no get-rich-quick schemes. There are no stock recommendations to turn you into a millionaire overnight. We will never shout into your ear the possible next Amazon or a stock that will "go to the moon."

    Instead, we believe in investing the right way, building a solid foundation of education, using tools to validate ideas and hunches, letting data and research guide decision-making and investing for the long term-not to meet quarterly goals or change your life by the time the sun again rises.

    Our promise to you: We will be behind you, supporting you, giving you everything you need to succeed at each step in your investing journey.

    Sincerely,

    John Bajkowski,
    AAII President



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    BARRY JOHNSON
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  • 13.  RE: Sharing own portfolios

    Posted 02-12-2025 08:32

    bogleheads.com has been sharing -- and vigorously debating the pros and cons of -- their portfolios and specific investments for years. No injuries or lawsuits so far.

    I find that data very useful as an educational resource to make better informed selection and allocation decisions.

    bogleheads.com may be organized as a different type of legal entity than AAII.

    You need to check this to see if there are legal distinctions or restrictions that creates barriers for AAII.



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    BARRY JOHNSON
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  • 14.  RE: Sharing own portfolios

    Posted 02-12-2025 12:58

    thanks. very active community, hundreds of topics and thousands of posts. but not all investment related, i think. what i gather on a first look is, they are more into index investing and less focused on stock selection. are we not looking for the best horse to bet on?



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    🙏
    Thanks
    And good luck with your investments
    InvestorNV | Boston | MA
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  • 15.  RE: Sharing own portfolios

    Posted 02-12-2025 08:54

    Sandy

    Good observation of the differences between entities like entities like StockTwits and AAII. 

    401(c) 3 NFP that are constituted to operate under specific legal requirements of the Federal government (and several dozen other quasi-governmental international agencies) and others.

    "Organizations" operating as registered internet website are vastly different legal devices that are (1) mostly unregulated because their "legal" status can be purchased from MULTIPLE "licensing" agencies that SELL domain names for profit.

    There may be legal distinctions, too. 



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    BARRY JOHNSON
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  • 16.  RE: Sharing own portfolios

    Posted 02-12-2025 08:19

    Vinod

    Your observation about the longer-term performance of AAII screens trend may be inaccurate due to biased data.

    One reason we can conclude that this is an anomaly is that the market benchmarks were negatively skewed due to the abnormal  valuations of a small percentage of index members versus a majority of AAIII screens being normally weighted to select equities based on fundamental analysis ratios that select in conservative or undervalued performance.    



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    BARRY JOHNSON
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  • 17.  RE: Sharing own portfolios

    Posted 02-12-2025 13:12
    Edited by Vinod Nair 02-12-2025 16:13

    hi barry

    i fail to understand many of these words.😞 what is the 'anomaly'? why do you say it is 'negatively skewed'? what is 'normal weighting'? 'undervalued' because of wrong benchmark?🤔 how did it do compared to value benchmark? RLV gained more than 15% last year. so the age old question, is value the determinant of returns and is our definition of value correct? 🤔



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    🙏
    Thanks
    And good luck with your investments
    InvestorNV | Boston | MA
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