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You lost on most of your GBTC trades. As other posters told me thru direct message you FIX your buys and sells when you post them here. You are one DISHONEST Clown. Get lost from this forum you HUMAN GARBAGE. How can you even think to post here again?
I fix them ? I will bet as many thousands of dollars anyone wants to bet , who wants to challenge me that those were not my actual trades posted .
What nonsense …I can’t wait for the mods to delete your gibberish.. so no one should be down in a down market and if they don’t time things they are awful investors ..got it
I think you need to let the greatest money managers know this
Too much treating the stock and bond markets like a game, too much technical analysis for me.
IMO technical analysis can only wring out gains in the short term. All markets eventually price discover their way back to the ground truth, which is the productive frontier of the economy.
So much brain power spent on trying to time markets and predict macro outcomes. It's a fine hobby but I can't help think we would all be better off if we used our brains on other things like actual investments, starting businesses, buying capital equipment, educating ourselves further in our professional skills.
Yes, I went heavily short since the begining of this year. My portfolio is up 67.8% since then.
Nothing has changed and those fools who think the FED will pivot are DELUSIONAL. You will NOT see artificaly low interest rates in your lifetime again.
Deflation Season needs to be HONORED and another Great Depression is upon us. The Piper must finally be paid now.
Good Luck!
The beginning of this year? You’ve been howling the market was going to fall since 2016. So even you don’t believe you. Nor surprising.
Too much treating the stock and bond markets like a game, too much technical analysis for me.
IMO technical analysis can only wring out gains in the short term. All markets eventually price discover their way back to the ground truth, which is the productive frontier of the economy.
So much brain power spent on trying to time markets and predict macro outcomes. It's a fine hobby but I can't help think we would all be better off if we used our brains on other things like actual investments, starting businesses, buying capital equipment, educating ourselves further in our professional skills.
Well said but for one exception. It isn't a hobby, it's a gambling addiction that leads to obsessive and destructive behaviour and grave losses.
My main issue with Harry Browne is he has no academic background in finance, and that shows up in his books. He was in sales & marketing then saw he could make more money as a financial advisor and talked his way into that. None of which means his ideas are wrong - but it lacks academic rigor. His portfolio, for example, doesn't correctly (from an academic perspective) incorporate mathematical optimization, the Security Market Line, the liquidity preference function, Pareto-efficiency, personal risk tolerance and the like. And, of course, it completely ignores identified & well-researched "smart beta-based" factor-investing models.
The main thing the Permanent Portfolio does is lower overall portfolio risk - which is neither good nor bad. Its performance isn't better than the canonical 60/40 portfolio, but it does appear to have a better Sharpe ratio. If the objective is to beat the 60/40 while simultaneously reducing risk, Risk Parity appears promising over the long run.
Well that would be me. I retired in March and the market went off a cliff. Kind of par for the course, for me.
I do have a pension - not “fat”, but between that and SS, I can live. No splurges though. It’s gonna be a long time before things get comfy enough for me to loosen the purse strings.
I’m sorry to hear that. I had a few colleagues that retired within the past couple years and they are very stressed right now. Fed policy over the last 15 years has really screwed the baby boomer generation.
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