Commoner wrote:
1. Never said I put it in cash. Dishonest
2. Now cash is paying negative returns in your argument? Dishonest and stupid.
Anyone out there who is honest and can think just a bit?
Can you show me somewhere USD cash can get me a real return?
dumb wrote:
Commoner wrote:1. Never said I put it in cash. Dishonest
2. Now cash is paying negative returns in your argument? Dishonest and stupid.
Anyone out there who is honest and can think just a bit?
Can you show me somewhere USD cash can get me a real return?
Define how you are using "real return".
The widely accepted financial definition of nominal return minus inflation, of course. My liquid cash balance is earning about 0.5% and inflation stands at 1.5% right now.
dumb wrote:
The widely accepted financial definition of nominal return minus inflation, of course. My liquid cash balance is earning about 0.5% and inflation stands at 1.5% right now.
I suspect real inflation is double that (food, health care, education, clothing, transportation)
Historically, one could expect a return on a saving account = inflation plus 1.5% to 2.0%. The Fed's printing tons of money and lending it out to the big banks with no interest charge for the last several years has now reversed this relationship and fixed income returns are now 2% less than inflation.
Savers and retirees are getting effed.
[quote]dumb wrote:
The widely accepted financial definition of nominal return minus inflation, of course.
Why refer to nominal instead of effective in your equation?
I spoke carelessly but the difference between nominal and effective rate compounding daily at 0.5% is miniscule, about 0.003% I believe
dumb wrote:
I spoke carelessly but the difference between nominal and effective rate compounding daily at 0.5% is miniscule, about 0.003% I believe
Yes, you do speak carelessly. In fact, I would say you talk out of your a$$
dumb wrote:
I spoke carelessly but the difference between nominal and effective rate compounding daily at 0.5% is miniscule, about 0.003% I believe
No, once again you spoke dishonestly. Insisting non -equity investment returns be discounted by investment in comparing them to equity returns that are not
K5, why do you change your name from post to post?
Who dat? wrote:
K5, why do you change your name from post to post?
I don't.
You are dumb as dirt
K5 wrote:
Who dat? wrote:K5, why do you change your name from post to post?
I don't.
You are dumb as dirt
Oh yes you do. I'm not as dumb as you think.
dumb wrote:
The widely accepted financial definition of nominal return minus inflation, of course. My liquid cash balance is earning about 0.5% and inflation stands at 1.5% right now.
That's what I suspected.
It seems inappropriate to insist K5 subtract inflation from his returns, when he was comparing it to the returns agip posted, which had not subtracted inflation. Doncha think?
K5 wrote:
dumb wrote:I spoke carelessly but the difference between nominal and effective rate compounding daily at 0.5% is miniscule, about 0.003% I believe
No, once again you spoke dishonestly. Insisting non -equity investment returns be discounted by investment in comparing them to equity returns that are not
That wasn't me, but if you're earning dividend or interest returns on cash or other reasonably liquid instruments that compares to S&P dividends I'm interested to hear about it.
breadcrumbs wrote:
That's what I suspected.
It seems inappropriate to insist K5 subtract inflation from his returns, when he was comparing it to the returns agip posted, which had not subtracted inflation. Doncha think?
The only insistence I have seen from agip is to include dividends in S&P returns. K5 seems to think that is unfair because apparently he is earning large dividends elsewhere while not being exposed to market risk.
I am half sure that all this ping pong 'you, no you' 'debating'is one guy with a serious sociopathic problem.
How is all this worth your time? Anyone?
I love a good grammar argument, or something with some beef to it... but this is just useless.
If someone misrepresents you, just walk on. K5 misrepresents me all the time - frankly I couldn't care less. In fact, a disagreement from k5 is almost a guarantee that you are right. I think of it as the godwin's law of lrc.
He will now, for some reason unclear to anyone but him, cut and paste from stormfront or prison planet some anti-jewish propaganda, and I am ready for that. And I will ignore it.
Care to keep it on topic gents?
and yes, I understand that there are multiple k5s and multiple bigfoots and god knows what else.
[quote]agip wrote:
I am half sure that all this ping pong 'you, no you' 'debating'is one guy with a serious sociopathic problem.
How is all this worth your time? Anyone?
I love a good grammar argument, or something with some beef to it... but this is just useless.
If someone misrepresents you, just walk on. K5 misrepresents me all the time -
No need to do so. You consistently make a fool of yourself; I merely help point it out.
For example, "a serious sociopathic problem". Is that really how we refer to sociopaths in English? Only in AgipLand, where the sh&t gets piled on in an attempt to appear intelligent, accomplishing just the opposite.
Whiny defenders of Apartheid, your day is ending
agip wrote:
I am half sure that all this ping pong 'you, no you' 'debating'is one guy with a serious sociopathic problem.
How is all this worth your time? Anyone?
Yes, it is all one guy. It is the fellow who claimed to be using 'poto' as a handle but apparently is incapable of having his own words attributed to him rather than someone else.
How is it worth his time? Good question. It appears that his time is not worth very much.
agip wrote:
here are the end of January numbers:
From the start of the thread on 8/27:
Dow Jones Industrials: +7.1% including divs
Vanguard Total World Stock Index: +8.2% incl divs
From Dow 15,000:
Dow + around 5.7% incl divs, but that is approximate. 4.7% without the dividends.
So the bears got something back in January, but K5's bet is still substantially in the red.
Market has been volatile and we havn't had a real drop for a long long time. Keep in mind that the average drop in any calendar year is 14%.
And this is what you get if you were trading Comex gold. I am on record here going short GC on Feb 15 (about the same time that George Soros and much "smart money" sold). I'm also on record calling an intermediate term bottom during the last week of December. The technical chart is on two different threads around the end of the year. I had a buy stop to by 4 limit 1190 (to go from short 2 to long 2, which was hit on 12/31:
Maintain short 8/27: 1414.80
Reverse Long 12/31: 1190.00 (bottom on 12/31 was ~1180)
1/31/2014 closing fix: 1243.20
Total gain: $278/troy ounce
percentage gain: 19.7%
Total profit on 2 contracts: $55600.00
Now, I'm not a frequent trader: I think of any position held less the 5 years as "short term" so I'm kind of like the market timing version of Warren Buffett (the average commodity trader would probably describe my trades as "geologic timeframe"), but this is why, if you know what you're doing, you do some trading.
Oh, and BTW Flagpole, In January, I made ~$10600 on my 2 gold contracts in January. How much did you make?
Gonna Have to Agree wrote:
agip wrote:I am half sure that all this ping pong 'you, no you' 'debating'is one guy with a serious sociopathic problem.
How is all this worth your time? Anyone?
Yes, it is all one guy. It is the fellow who claimed to be using 'poto' as a handle but apparently is incapable of having his own words attributed to him rather than someone else.
How is it worth his time? Good question. It appears that his time is not worth very much.
Not me, my friend. My handle is registered. Try again.
BTW, you are?