Changing your handle again slimmy troll.
Changing your handle again slimmy troll.
Ghost of Igloi wrote:
Investors lose their discipline when central banks distorted markets.
Ignoring for the moment the mathematical conundrum this suggests, today I coincidentally read an article highlighting the inherent bias and predictable human behaviors expressed by John Hussman’s actions as a fund(s) manager. It’s not just (some) investors that become undisciplined.
OK, fair point. The question now is what will do better over the next two years from here. In my view it will not be index ETFs. Hey if you believe differently fine, it is your money. Place your bet.
Ghost of Igloi wrote:
Changing your handle again slimmy troll.
Oh, the irony!
Oh the boring troll with nothing else to say!
Ghost of Igloi wrote:
OK, fair point. The question now is what will do better over the next two years from here. In my view it will not be index ETFs. Hey if you believe differently fine, it is your money. Place your bet.
There's a big difference between the two. Are you for Hussman or not? One can avoid passively traded ETFs and still not have any desire to jump on the Hussman train-wreck funds.
"whatever, it is your money..."
So, what is it to you? You don't invest in that either. And apparently you can't even string together an endorsement for it for more than a half-dozen posts.
I suspect what you really mean is that you respect his views but would be very wary of recommending his funds to any of your actual clients. Put that way, we could have saved a lot of wasted vitriol.
Seattle,
Large investment firms have sales agreements with money managers but not all. At my firm there is no sales agreement with the Hussman Funds for client purchases. By securities regulations we are not permitted to have accounts held away or with other firms. I actually tried to get an exception to buy this fund personally last summer and have it transferred to my in house annount. I was planning a $50,000 purchase it was not permissible.
I don’t find my view expresses vitriol any more than your and other comments that disparage Hussman or my negative market view. It is just an opinion, and it this point that view looks correct.
Igy
If you or anyone could buy Hussman funds, it's a total crapshoot. My suspicion is that it's a bit late now, and conversely, on the tail end (when to sell), it will be equally dicey.
If you bought it last summer as you allude to in your post, you would probably still be down at this time. Case in point.
And it is not that your posts express vitriol, it is that they provoke it , and that is precisely becuase you are vague and ambiguous about whether you are advocating buying hussman funds or just endorsing his way of thinking.
If i may be frank, you spout general investment philosophy but then cherry pick very specific timeframes and funds to support the validity of your views. In hindsight, it is not too hard to cherry pick data to support a view. It's a lot harder to actually act on those beliefs in real time amongst various options, and over the correct amounts of time.
Seattle,
OK, my view is pretty clear that we most likely started a Bear Market. Of course no one knows if that is correct. Since I am up 4% over the past 52 weeks I have acted on my beliefs.
I am not getting panicked investor calls like what has been expressed on this thread lately. I have already said where I think your current portfolio is headed. So there take it anyway you wish.
Still I wish you no ill will and hope you make tons of money.
Igy
It's a bloodbath out there.
From Wall Street to the streets of Paris.
New World Order is under assault.
You claim his portfolio is heading down, yet you know virtually nothing about what is in there. Then you profess that you wish him no ill will. Those remarks are in stark contrast to each other.
[quote]Unbutu wrote:
You claim his portfolio is heading down, yet you know virtually nothing about what is in there. T
Is he in equities at all?
Then his portfolio is heading down.
Not rocket science, Sir Isaac
R U Dum? wrote:
Is he in equities at all?
Then his portfolio is heading down.
Not rocket science, Sir Isaac
That’s exactly the point...Igy doesn’t know the first thing about the portfolio. Neither do you.
Nice handle. Very appropriate for someone who cannot properly use the simple quote function.
Unbutu wrote:
[quote]R U Dum? wrote:
Is he in equities at all?
Then his portfolio is heading down.
Not rocket science, Sir Isaac
That’s exactly the point...Igy doesn’t know the first thing about the portfolio. Neither do you.
Really? R U claiming no equity exposure? If not, then his portfolio has been heading down.
U R dum
Actually we had discussed some of his holdings, that was the source of my comment. And the poster is correct, with only a few exceptions equities are down for the year. The point is having a negative view on the market is an opinion, it does not make you a bad or evil person, but that is the attitude some have. I suppose some consider it preaching against the religion.
You know what sucks? Capital gains tax. Now that I'm out of the market and all cash, it just occurred to me that I'm gonna lose like a 1/4 of my investment to Uncle Sam which means I'm gonna be slightly below my target. Good thing I didn't spend it all yet.
1/4? That seems high.
Helio wrote:
1/4? That seems high.
28% actually (hey look at me and my fancy tax bracket everyone). These are all gains from day trading. When I said investment, I basically meant gambling winnings. Also if anyone knows a bank in the Cayman Islands I can run this money through then blink twice.
Racket wrote:
You know what sucks? Capital gains tax. Now that I'm out of the market and all cash, it just occurred to me that I'm gonna lose like a 1/4 of my investment to Uncle Sam which means I'm gonna be slightly below my target. Good thing I didn't spend it all yet.
Tell me about it!
I've owned TNA in cash accounts since it first came onto the market- many years ago - and ran up something like 300% and 400% gains. And yes, i sold most of it on the way down along with the triple everaged S&P 500 ETF (SPXL). My cap. gains taxes this year will be through the roof. I am going to use the occassion to unload some i am down on like some chip stocks that are underwater, but there's no way to make up all that gain.
Just the cost of doing business, i suppose.
If i am forced to sell FANG stocks, that's going to be a field day for Uncle Sam.
Like another poster said, 25% sounds a little high and in my case it will be long term cap gains, so i guess-timate maybe 18% or so.
There's other considerations to factor unique to triple leveraged ETFs that i will spare you, like high fees, but i'll spare you.
It's always something, isn't it?!
Ha! I actually held TZA for like two months and that was fun. But yeah, it's always something. I thought if you hold less than a year then it just counts as regular income? I know you can write off or deduct losses which I looked into until I gained it all back