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The good news is I always sell at bad times so we’ll probably get a 4th quarter rally now, but I’m just gonna be floating in my pool drinking a margarita and not worrying about it.
When I starting investing in the stock market, I read an article by some guy who claimed that everyone should be fully invested in the stock market at all times. His argument was that over most time periods, the stock market is the highest return asset class. His next argument is that no one can effectively time the market.
Charles Schwab also argued something similar, that the majority of stock market gains happen rather suddenly, and the important thing is to be invested when they happen. If you miss the 10 best market days of the year, you miss half of the year's gains, or something like that.
And finally, I recently learned that "the dead make the best investors". There was some study of people's success in the market, and the most successful people were dead, with their assets in probate court, which can take a year. Being dead, they couldn't trade, they just held what they had. So the argument was to hold and not trade much.
And I had some fr...
To scratch my trading itch, I do use my roth
Mathematically, the vast majority of people must lose value on their "investments".
--- Good luck to all ! ! ! ! !
WookieMan says
You live once.
Buddhists would say you are being too optimistic.
I'm leaning towards YOLOing and taking out a loan ala John Templeton and buy some assets.
1337irr says
I'm leaning towards YOLOing and taking out a loan ala John Templeton and buy some assets.
LOL lemme know how that works out!
Misc says
Mathematically, the vast majority of people must lose value on their "investments".
--- Good luck to all ! ! ! ! !
Not true. Value of the stock should roughly approximate the value of the company. Because the economy has to grow, overtime everyone has to make money if they stay in and are diversified. If you’re talking about crazy trades like selling all stock and going to bonds for a few years then jumping back over to stocks, then yeah, one side of that trade has to lose because you aren’t investing, you’re hoping you get lucky.
I need some accountability to set some trailing stops on a couple of stocks. Anyone have a favorite method? 10%? 11%? 12%?
Already losing the will to do this when I get home..
Pick any reasonable long period of time...let's say 2000 years. Compound 1 gold coin at a reasonable rate of interest...say 3%. You can do the math. How many planet's of gold do you end up with? --- The system simply breaks. This must happen to pretty much everyone.
I am simply stating that for the vast majority of people, they mathematically must lose value on their "investments".
It doesn't matter what a person "invests" in. The system simply collapses.
I am simply stating that for the vast majority of people, they mathematically must lose value on their "investments".
I reinvested my investments in bonds yesterday, and switched my kids’ 529 college savings plan investments to bonds today. So I’m putting my own money on this bet, and I’m going all in.
Keep "saving" and "investing" most people don't like the end results.
As I said, "Good Luck".
DD214 says
As much as some don’t like to admit, this is partially true.
Eman says
DD214 says
As much as some don’t like to admit, this is partially true.
I guess Sam Bankman Fried, Bernie Madoff, Ghislane Maxwell, Jeffrey Epstein, Nancy Pelosi, Joe Biden, Jeff Zuckerberg, Jeff Bezos, Bill Gates, etc are just really good people doing quite well. It's not like they are just criminals or something...
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I reinvested my investments in bonds yesterday, and switched my kids’ 529 college savings plan investments to bonds today. So I’m putting my own money on this bet, and I’m going all in.
BEAR MARKET alert!