Interesting Tweet from two weeks ago, for sure.
Interesting Tweet from two weeks ago, for sure.
Ralph Nader is still alive?
I don't know about you, but I'm not taking investment advice from Ralph N.
https://finance.yahoo.com/quote/TSLA/Ghost of Igloi wrote:
Interesting Tweet from two weeks ago, for sure.
Buy! Buy! Buy!
:-)
Futures are pointing to another big day. I feel like the idiot hedge fund gamblers shorting TSLA, sitting on a pile of cash, waiting for the crash... :-)
While the initial break in the market occurred in October 1929, it would fall by another 85% following this speech.
And it’s up about 67,000% since then. Your point?
Financial Advisor wrote:And it’s up about 67,000% since then. Your point?
I guess if we live long enough to hang around another 90 years, we too can be up 67000% after the next market correction / crash. :-)
(what an inane observation - maybe I mean yours, maybe I mean mine...)
All eight indexes on our world watch list posted losses through February 3, 2020. The "top" performer is our own S&P 500 with a loss of 0.27%. Germany's DAXK is in second with a loss of 2.55% and in third is Tokyo's Nikkei 225 with a loss of 2.89%. Coming in last is China's Shanghai with a loss of -10.97%.
Portia wrote:
All eight indexes on our world watch list posted losses through February 3, 2020. The "top" performer is our own S&P 500 with a loss of 0.27%.
The Toronto index is up 2.3% on the year as of yesterday. I know it's not on your list, but still. It's been the weak distant cousin to US markets for many years.
Back at within a whisker of all time highs on the SPX.
Clearly, the invisible investing hand is seeing some very strong economic numbers coming in over the summer.
I'm still selling a bit every day..not feeling great about it since it's cost me money, but fact is the big 2019 rally made my stock allocation too high so I'm rebalancing. I should be happy to have high prices to sell at. I'm not.
agip wrote:
2019 rally made my stock allocation too high so I'm rebalancing. I should be happy to have high prices to sell at. I'm not.
although I did read one study that found rebalancing every year is a mistake, because of market momentum. Markets that go up tend to keep going up, so selling stocks every year is a mistake. The study found that rebalancing every five years was a smarter strategy.
Once again, showing that doing nothing is usually the best investment strategy.
TSLA. ?♀️
agip wrote:
agip wrote:
2019 rally made my stock allocation too high so I'm rebalancing. I should be happy to have high prices to sell at. I'm not.
although I did read one study that found rebalancing every year is a mistake, because of market momentum. Markets that go up tend to keep going up, so selling stocks every year is a mistake. The study found that rebalancing every five years was a smarter strategy.
Once again, showing that doing nothing is usually the best investment strategy.
That is why investors’ averaged 2.73% annualized over the past 20 years. But good for the investment firms to give that advice.?
Ghost of Igloi wrote:
agip wrote:
although I did read one study that found rebalancing every year is a mistake, because of market momentum. Markets that go up tend to keep going up, so selling stocks every year is a mistake. The study found that rebalancing every five years was a smarter strategy.
Once again, showing that doing nothing is usually the best investment strategy.
That is why investors’ averaged 2.73% annualized over the past 20 years. But good for the investment firms to give that advice.?
The investment firms are the ones that promote annual rebalancing. Financial advisors that make money off commissions promote these kinds of transactions to fatten their own wallets. As agip pointed out, it has nothing to do with sound financial advice. Too many ignore their fiduciary responsibility.
This writer thinks the opposite. Oh! That’s right you’re “the financial advisor.” Generic term I might add. ?
https://www.zerohedge.com/markets/we-are-dump-stock-masses-phase-bull-market
Ghost of Igloi wrote:
agip wrote:
although I did read one study that found rebalancing every year is a mistake, because of market momentum. Markets that go up tend to keep going up, so selling stocks every year is a mistake. The study found that rebalancing every five years was a smarter strategy.
Once again, showing that doing nothing is usually the best investment strategy.
That is why investors’ averaged 2.73% annualized over the past 20 years. But good for the investment firms to give that advice.?
There we go again, back to 2000, 2001 and 2002. Igy - are you a one-trick pony? The market is up close to 500% in the last 11 years. Were you in on that?
Sally guess what? Peloton is down on “earnings.”
Ghost of Igloi wrote:
This writer thinks the opposite. Oh! That’s right you’re “the financial advisor.” Generic term I might add. ?
https://www.zerohedge.com/markets/we-are-dump-stock-masses-phase-bull-market
That article has exactly zero to do with what I wrote. But don’t let that stop you from you from pushing stuff from a discredited web site. It’s good for a laugh.
Of course it does,. No matter, you will likely rides your clients all the way down. Then with ashen face, sell. ?