ETF for the Rich!

A new ETF has started which might hold some interest for people who think the retail industry will do well. This ETF called the ROB is investing in strictly rich peoples buying habits. The rich will always have money to spend so this might hold some interest for a small portion of your portfolio. The rich will always spend so why worry about Walmart appealing to customers and other retailiers who cater to the middle and average joe! and invest in companies that will probably not get hurt regardless of which way the economy runs!.

"The fund tracks the Robb Report Global Luxury Index, an index made up of companies whose primary business is to provide luxury goods and services.

There are just over 40 holdings in the index, including Mercedes manufacturer DaimlerChrysler (NYSE: DAI), high-end retailer Nordstrom (NYSE: JWN), Polo Ralph Lauren (NYSE: RL), and casino/resort operator Wynn Resorts (Nasdaq: WYNN). Companies from the U.S., France, and Switzerland dominate the index."



This is fairly new and has little track record so your play would be if you are a beleiver in the rich and their propensity to spend regardless of the economy.

Just sharing!

Good call! If one thing is certain, there will not be a shortage of rich folks! How'd you do with your Russian plays, CCB?

TMRFX and EUROX both are up nicely. Over 23 % so far but on any given day you know!!!! But I'm pleased and I really hate to pay the big fee on the TMRFX but , from its track record over the fpast 10 years I felt it worth a try. EUROX much cheaper and doing very well. I got one report tto sell it as this analyst felt that it has run its course. But from its history it has performed very well and I feel its worth staying the course for years. Of course time will tell but I tend to hang in there if it has a great record. It appears to me, from reading much of the Russian reports that their is alot of oil and other metals that need to be developed over the years to come and so I am very bullish, just hope our country's keep talking! I also like RIO and PRLAX which has done very well but I'm out of money. With RIO I first saw it in the 30's and I am still kicking myself, but I am afraid to borrow on a hunch to invest. So I keep track and when the time is right re-evaluate at that time.
Thanks for asking and sorry for the extra adlibs!

I just thought the Rob fund looked like fun and if you have "extra " cash might make some sense if you beleieve that the rich will always have their money to spend! Ffor me, without a track record to review I personally have trouble investing and I'm sure I miss alot too!
OH Well....
Take care!

Sounds like a couple of choice funds. I went with CEE and it is up 19.28% since I purchased it on 05/31! The shares are supposedly still offered at an 11% discount compared to its fund counterpart, XCEEX. It offers a lot of Eastern European (Poland and Turkey) oil exposure, which a Morningstar X-ray showed I lacked, even between owning PRIDX as well as int'l holdings in my 401(k).

http://finance.yahoo.com/q?s=cee
http://finance.yahoo.com/q?s=XCEEX
http://finance.yahoo.com/q?s=pridx

CEE looks great, over past 5 yrs returned 398% and over past 3 years 150%, so hang in there. Thanks for heads up. When money comes around will check it out. I don't care for closed end funds XC... Rio also still a great play, wtih great returns over past years too!. I just need more money, maybe time to sell some clunkers!
See ya and thanks

Which RIO are you speaking of? I thought it was the mining company, until you said you first saw it in the 30s. The one I am thinking of is currently in the 30s http://finance.yahoo.com/q/pr?s=RIO

Sorry for confusion but Rio just split in high 50's i think in Sept. and is again on its track. This ADR likes to split when it starts getting in high 50s or 60's, just its nature. So hang on and again sorry for the confusion.
Just to wet your whistle over 3 yrs grown 555% and over 5 yrs 1710%!!!!
I guess it would have been worth borrowing money to invest!!!! Hind sight is always clearer. Kick myself!

I couldn't do it. It is bad enough whenever I lose my own money, so I couldn't imagine losing it and then having to pay someone back!

That's why you shouldn't buy stocks on margin if you live and/or work above the 4th floor :)

CCB,

Have you heard of BIK? It is relatively new (I just came across it on another forum today). Outperforming CEE even!

http://finance.yahoo.com/q/bc?t=6m&s=BIK&l=on&z=m&q=l&c=cee

Hi Dingobiscuit,
It looks good and yes it has done well out of the box. But CEE has a great track record and I did notice that BIK has a bigger drop in early Sept., whch I was surprised by as they almost mirrored each other and then Bik took off. I will watch it, but I still prefer mutuals as I can track their total returns easier. But I can change if these funds can handle some shaky days as well as the good days.
ANd yes I can't borrow money to play my hunches, as I have been burnt over the years as well and during those days... I Knew everything!!! So, I feel more comfortable looking at track records over years, even though I could still get caught like if I had bought the Magellan fund back when. But thanks for the heads up and maybe someone else can use all these good tips.

I think, you don’t find these stocks trading in the market even, if you have enough money to invest in the stocks of such leading companies. If you really want to buy these stocks, you need to catch the right person; owning these stocks and who is also willing to sell them (which ppl usually don’t want to) or you have to wait for the next announcement from company's management. But still it’s not sure that they want to issue in near future or not and if they want to then when these companies will announce new issuance of stocks, . In short, you would be lucky enough, if you found such a great opportunity to be one of their share holders.

I think, you don’t find these stocks trading in the market even, if you have enough money to invest in the stocks of such leading companies. If you really want to buy these stocks, you need to catch the right person; owning these stocks and who is also willing to sell them (which ppl usually don’t want to) or you have to wait for the next announcement from company's management. But still it’s not sure that they want to issue in near future or not and if they want to then when these companies will announce new issuance of stocks, . In short, you would be lucky enough, if you found such a great opportunity to be one of their share holders.
In short, I don't follow your logic. :D

Come on, Dingo! It's all about the tagline... ;)

Hold on what a ride!
Well Dingo! looking back to some funds of interest back when....
BIK past 1 yr is +15%
TMRFX +10%
RIO + 98%
CEE 1 %
ROB -13%
EUROX -1%

Well, certainly not an easy time but some calls back when are doing ok and I don't think its any time to bail but to keep buying at these lower prices, but not for the faint of heart. I guess the ROB fund tracking the purchases of the rich didn't fare as well as initially thought and that the rich would buy regardless of the economy.

Looking for the bounce back and we should be fine but when......
Like we have said before you need the 5 yr. window to operate within otherwise having to pull out your money during this type of market could hurt you!

haha! ah man! yeah I was in CEE at one time, I actually did pretty well with it. Who else was in CEE?