Not only was 2022 great. But 2008 was probably the best trading year in the last 35 years. I say 35 years, because i wasn't trading in 1987 they say it was a very good trading year too, so not sure if it was better than 2008 or not. For long only Investors, 2022 and 2008 were bad years, but this is EliteTrader after all, and we are supposed to be traders here..
Cheers to that -the clue's in the title 'Traders' . Anyone who has a problem with that can buy an SPX ETF and leave traders here to make commentary. The infants who don't understand the word market got burned. Morons like JP Morgan managed to lose a bundle of my money, proving again, that the professionals have no new ideas, they just rely on new money.
Global indices managed fund- so they bought some crappy SPX ETF I reckon. I'm an options trader and tried to explain that JP Morgan originated the collar strategy which clearly they don't have the first f**king clue about. On the plus side......it's tax free like every other crappy investment. I know money managers are rubbish but had to prove it for my own amusement. One day these clowns will be breaking even.
their mandate wasn’t to provide you a hedged return, so why would they collar the position and cap your upside? and pay a premium to do that in the form of skew.
Managing means managing to me but hey I'm old fashioned. Their mandate was not to lose my money. Simply buying an ETF and hoping it does ok, is worse than asking a 9 year old how to invest. So-called professionals have insider information which magically gives them enormous salaries, while their customers are crapped on. It has convinced me never to trust these dickwads. JP Morgan are garbage.
Mandate is the investment profile they are targeting. If their mandate was to be long the market via etfs and you were expecting absolute returns then that misunderstanding is on you given that you qualify as a sophisticated investor.
What was the track record of the fund like? Most fund managers cant beat the S&P500 and the even the S&P500 is down 1 in every 3 years on average.
It has no track record but was marketed by a highly reputable UK retailer John Lewis. The word 'managed' is clearly not in their realm of understanding- FFS I could buy superior Vanguard ETFs, but as it was new from a reputable source I thought I'd give them a chance. The fact that JP Morgan is still in business must mean something other than pot luck,which is all this fund was based on.