Just sold MMM and AAPL I bought in May—nothing really on the MMM, but the AAPL I bought under $190
Just sold MMM and AAPL I bought in May—nothing really on the MMM, but the AAPL I bought under $190
DGTD Historian wrote:
From 12/20/2018:
Ghost of Igloi wrote:
No, smart investors know this is not a buy on the dip opportunity.
More relevant history:
https://www.zerohedge.com/s3/files/inline-images/2-4_1.png?itok=4ob_4BN7With my very few trades this year, I am once again beating the markets, even if I were to liquidate my b&h and HD right now. I am tempted to do so, and call it a day. Maybe hold the HD which is a small position, but sell the b&h. I will keep some LETRX and others, just sold 50% of my LETRX for about 8% gain. I am winding down for the year, I might end up buying it back next year, and then some.
I don’t believe in diversification in the markets, I believe in a broader diversification outside the markets. A few good trades is all you need—and I totally avoided the chaos of the 20% dip.
Glad I didn’t move on that dividend portfolio I was considering. Also, I would note that my stock picks vastly outperformed my b&h, even though the b&h has had roughly one more month to grow, and is entirely US mega-caps and Alibaba.
This has been a super-duper year, up 34% for me in equities since May, a bit less if I sell the b&h experiment. Unbelievable. The machine continues.
I claim no genius. I am just tinkering around the edges, constantly trying to avoid a potential bear market. I know guys who are up twice what I am on the year. Yes they lost some last year, but so far this is their best year, ever. Insane.
Ghost of Igloi wrote:
purple martin wrote:
WOW! We've never heard that before.
How about this chart bird man? Have you seen it before?
https://www.zerohedge.com/s3/files/inline-images/2-4_1.png?itok=4ob_4BN7
Proves your mind set that purchases since 2011 will not do well was all wrong.
DGTD Historian wrote:
From 12/20/2018:
Ghost of Igloi wrote:
No, smart investors know this is not a buy on the dip opportunity.
Classic Igy.
purple martin wrote:
Ghost of Igloi wrote:
How about this chart bird man? Have you seen it before?
https://www.zerohedge.com/s3/files/inline-images/2-4_1.png?itok=4ob_4BN7Proves your mind set that purchases since 2011 will not do well was all wrong.
I would expect that response from a naive and inexperienced investor.
Market action today:
So the top decile is 20% below 2000 bubble territory. Isn’t that good?
Huh?? wrote:
So the top decile is 20% below 2000 bubble territory. Isn’t that good?
Ha, ha, ha, ha.....
Huh?? wrote:
So the top decile is 20% below 2000 bubble territory. Isn’t that good?
“Enjoy it while it lasts, but think of how artificial it all really is and how to prepare yourself, at these lofty price levels, for the reversal that is as inevitable as night following day and vice versa.”
"The stock market surely remains on wheels and is being driven by concentrated gains in certain large-cap names and a major shift in economic sentiment, with views that a 'phase one' trade agreement is coming our way soon.”
—David Rosenberg
Look, everyone knows the market will go down. It always does and the reasons don’t matter. It will happen.
The real question is “when”? If you can’t tell us with reasonable specifity, then save the hot air and the bandwidth.
Voice of Reason wrote:
Look, everyone knows the market will go down. It always does and the reasons don’t matter. It will happen.
The real question is “when”? If you can’t tell us with reasonable specifity, then save the hot air and the bandwidth.
It started today, and you are not prepared.
Going back and reading the first page of this thread from 2013 is amazing. Those first posters, such as Klondike 5, patting themselves on the back for getting out at DOW 15,000, and warning of impending doom with the same certainty that Ghost of Igloi is doing on page 1776 of the thread.
If they just kept their money invested, they'd be up almost double (without reinvesting dividends).
I, like all of you, have no clue if the DOW will hit 30,000 or 20,000 next. As a young novice back in 2009 and 2010 I used to listen to doom and gloomer Peter Schiff. I missed out on several years of this record expansion because I "felt" the market was overvalued. I was sure the market was only propped up by the Fed printing money and lowering interest rates. Around 2011 I wised up and read as much as I could--Bogle. Malkiel. Ellis. Ferri.
I still "feel" the market is bloated at DOW 28,000. But I hope to live for decades more, and barring disaster, the DOW should be over 100,000 when I am old. Lots of volatility in the meantime. I plan to keep throwing in money so I don't kick myself for passing on DOW 28,000 just like I now kick myself for missing DOW 14,000.
Ghost of Igloi wrote:
Voice of Reason wrote:
Look, everyone knows the market will go down. It always does and the reasons don’t matter. It will happen.
The real question is “when”? If you can’t tell us with reasonable specifity, then save the hot air and the bandwidth.
It started today, and you are not prepared.
Stop being and ass and pretending you know everything about everyone else. I’ve read your posts and you’re not as smart as you think you are.
Ghost of Igloi wrote:
Voice of Reason wrote:
Look, everyone knows the market will go down. It always does and the reasons don’t matter. It will happen.
The real question is “when”? If you can’t tell us with reasonable specifity, then save the hot air and the bandwidth.
It started today, and you are not prepared.
what qualifies as "prepared"? I would argue that ytd unrealized gains north of 30% make me as prepared as I need to be.
I was just going to post that this upcoming year, I think that takeover targets will provide great returns if you can find them...and then I turned on the TV and see that Schwab is considering buying Ameritrade.
M&A...I will be looking for likely targets for next year.
Hey Seattle yep, with annual gains like this, one could “afford” a 25%, or 40% dip. I still hope it happens, I will be buying with both hands!
What a year.
Ghost of Igloi wrote:
"The stock market surely remains on wheels and is being driven by concentrated gains in certain large-cap names and a major shift in economic sentiment, with views that a 'phase one' trade agreement is coming our way soon.”
—David Rosenberg
We don’t usually hear such optimism from Igy.
Ghost of Igloi wrote:
naive and inexperienced investor.
I'm sure that's what you tell your clients they are to convince them to invest with you.
So sad for them!
Voice of Reason wrote:
Look, everyone knows the market will go down. It always does and the reasons don’t matter. It will happen.
The real question is “when”? If you can’t tell us with reasonable specifity, then save the hot air and the bandwidth.
Oh, he's told us! "SOON"
He's told us for the last 5 years.
