Down goes the Dow

Seattle,

As you can see from the data investors have done very well on the five year time horizon. Not so well as the time increases. As the full market cycle is completed investors as a group navigated a bear market as you surmise.

Igy

the data to which you refer is not what we are talking about. It indicates investor returns for equity funds. I don't think we are talking about mutual funds. And even if we were, they are all positive returns. Maybe not as high as the S&P index fund, but postive nonetheless. Therefore, one could conclude that being invested in actively managed mutual funds has been generally profitable.

Ghost of Igloi wrote:

Collectively investors can’t avoid the fall in valuations since each share of stock must be owned by someone at each moment in time.

True. Of course, collectively investors cannot avoid the inevitable rise in value.

Focusing on only one aspect of market behavior is the true losing strategy.

Irony Mann wrote:

Oh, the irony!

You are so quick?

How do you consistently come up with such a variety of brilliant retorts?

Autism?

Real K5 wrote:

Irony Mann wrote:

Oh, the irony!

You are so quick?

How do you consistently come up with such a variety of brilliant retorts?

Autism?

Yes.

Irony Mann wrote:

Real K5 wrote:

You are so quick?

How do you consistently come up with such a variety of brilliant retorts?

Autism?

Yes.

A moment of clarity

Real K5 wrote:

Irony Mann wrote:

Yes.

A moment of clarity

You forgot a period.

Irony Mann wrote:

Real K5 wrote:

A moment of clarity

You forgot a period.

I can see why you stick to saying the same thing over and over again if this is what you come up with when left to your own devises.

Real k5 wrote:

Irony Mann wrote:

You forgot a period.

I can see why you stick to saying the same thing over and over again if this is what you come up with when left to your own devises.

Did you mean “devices?”

Irony Mann wrote:

Real k5 wrote:

I can see why you stick to saying the same thing over and over again if this is what you come up with when left to your own devises.

Did you mean “devices?”

What do you "think"?

Financial Advisor wrote:

Ghost of Igloi wrote:

Collectively investors can’t avoid the fall in valuations since each share of stock must be owned by someone at each moment in time.

True. Of course, collectively investors cannot avoid the inevitable rise in value.

Focusing on only one aspect of market behavior is the true losing strategy.

Sure, whatever you say. You’ll learn soon enough what a losing strategy is.

Real K5 wrote:

Irony Mann wrote:

Did you mean “devices?”

What do you "think"?

I think your question mark belongs inside the quotation mark.

Ghost of Igloi wrote:

Financial Advisor wrote:

True. Of course, collectively investors cannot avoid the inevitable rise in value.

Focusing on only one aspect of market behavior is the true losing strategy.

Sure, whatever you say. You’ll learn soon enough what a losing strategy is.

https://www.zerohedge.com/news/2018-07-22/firms-buy-back-shares-record-amounts-look-who-was-selling

For at least the last 3.5 years, your strategy has been the losing one.

Ghost of Igloi wrote:

The time does not matter.

Sure there are those that can be that lucky. [/quote]

You are correct!

And then there are those that can be unlucky. That would be the ones who believed a big drop was about to happen 2, 3, 4, 5 years ago instead of last week and invested based on that theory.

That's where time definitely mattered.

mellon wrote:

Ghost of Igloi wrote:

The time does not matter.

Sure there are those that can be that lucky.

You are correct!

And then there are those that can be unlucky. That would be the ones who believed a big drop was about to happen 2, 3, 4, 5 years ago instead of last week and invested based on that theory.

That's where time definitely mattered.[/quote]

Unlucky is where you will end up. I will be here to remind you.

I don't get you.

Having stocks these last 3, 4, 5 years (or more) that have run-up handsomely is what is called unrealized gains, if one hasn't already taken profits. Unrealized gains that are sold, come a downturn, is what is known as profit taking.

That's the side of the equation i would prefer to be on. Not the side that sat out of the market for several years of appreciation.

Am i missing something?

Ghost of Igloi wrote:

Unlucky is where you will end up. I will be here to remind you.

You told me that 3 years ago.

Remember! "I'll Be Back"

Seattle,

Yes, your over aggressive positioning could be worth 30% of its current value.

That is what you are missing.

Igy

mellon wrote:

Ghost of Igloi wrote:

Unlucky is where you will end up. I will be here to remind you.

You told me that 3 years ago.

Remember! "I'll Be Back"

And I came back several if you recall: August 2015, and November 2016.

I’ll be back for good next time and you will have nothing to add.

So sad.