I decided to take advantage of a training course that is priced better than some of the ones that I have been trying out lately. It is all online video and all available immediately upon signing up... with the typical 30 day money back guarantee, so why not?
I passed on almost every other one that I have seen as there has been nothing new in any of them, or if there was it was only new to me and I have since found a free or very inexpensive resource that has provided the very same information. I will grant that some of the training packages would have bee great had I not had the inclination to do lots of research so they would have been a faster method to have a structured training plan that I could follow.... but at $2500 a pop they certain give some drive to do some self teaching.
This one is straight down my line of thinking about sector rotation. So I am finding a few tidbits mixed in with the general stuff but nothing groundbreaking. In fact, so far I have written, even if not specifically posted, something on each facet of the program and I am 70 % through it now. I will admit that they have put the various pieces together nicely but I might have taken a month more to do the same. So I need to decide if the support after the fact is worth anything to me as that is possibly the only advantage.
I find this plan very similar to a plan formulated by a fellow by the name of Pankin many years ago. He developed a medium term strategy that took advantage of mutual funds with a particular broker that accommodated the delayed service charges, or back end loads, that decreased after a certain time. He compared the relative performance of the 26 or so funds in such a way that he was only ever in the two or three top performers based on 3 and five week performance and only stayed in those same trades past the commission expiry if they remained in the top 50% of the group.
I was working on modifying his work to suit the sector ETF field. I stopped when I hit in to options and have still been using some of the charts that I set up for that as I recognised the potential as a plan to return to in future.
More later.
Jeff.
Questrade, My direct access discount broker.
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