Nice,
I have found it too hard to predict or call when is a good time to sell on the way up, so to the extent that i do sell, it's on the way down. I usually try to sell at least at break even. Then otherwise let the winners ride. That;s worked out well for me.
seattle prattle wrote:
Bummbull wrote:
Wow. Didn't think I would need to explain the merits of asset allocation as it's the most important aspect of investing. It guarantees you to sell high, buy low. It protects your asset during downturn by having allocation in bonds. So during downturn, you sell your bonds, and buy equity so you can buy equity at cheaper prices. During good times, you sell some of your equity at higher prices and buy bonds.
So, I've almost doubled my portfolio since beginning of this year. Not from March lows, but actually from February high. About $1 million and my age is mid 30s.
Like I've said in the previously, pigs get fed, hogs get slaughtered. I make sure to have plenty of bond allocation now so I'm fine if market goes up, or goes down as long as market trends up in the next 20-30 years.
Good for you. I am not that smart with timing. And when i've tried it, i usually always end up buying back the shares i sold when they just keep going up.
Seattle - you can not time the market. A study in the 90's concluded your portfolio performance is 96% asset diversification and 4% market timing and stock picking.
Sally Vix wrote:
seattle prattle wrote:
Good for you. I am not that smart with timing. And when i've tried it, i usually always end up buying back the shares i sold when they just keep going up.
Seattle - you can not time the market. A study in the 90's concluded your portfolio performance is 96% asset diversification and 4% market timing and stock picking.
I get that. I have a very small percentage that i actively trade, slowly, and that percent is no more than about 3% of the portfolio.
Basically, i have found that i get as defensive as i need to be on downturns, with the goal of protecting capital. Then rather than trying to pick a bottom, i wait for a bit of the upswing to suggest a reversal on the trend, and systematically buy back in.
I guess that would make me one of the sheep. But i try to be one of the sheep at the front of the herd. Beyond that, I am more of a pig than a hog, a bull than a bear, and will stop beating this dead horse before i turn into a boar.
Good thing you feel that way about timing the market. TQQQ ended the day down, but you’re holding for the long term.
Ghost of Igloi wrote:
Good thing you feel that way about timing the market. TQQQ ended the day down, but you’re holding for the long term.
Who’s holding TQQQ for the long term?
Sally Vixx.
I have a large position in TQQQ,. Currently up 131% on that one.
Again, i advised Maserati to look into it and another one a few weeks ago, and i hope he did.
Of course, as i have come to learn on this site, unrealized gains are a liability, so no cause for contentment here, and if what i am told is true, it is far from it.
Darn!
Ghost of Igloi wrote:
Killing your investments in 2020, like I said it would. Make you look rather stupid, Bob.
So sorry. ?
https://www.morningstar.com/funds/xnas/hsgfx/performance
Yes! Now down only about 41% since inception. At this rate most of my investors will be back to even by 2030. (Of course, if you include my fees and inflation, we’re talking more like 2045.)
Thanks for the shout out, Igy!
?
Ghost of Igloi wrote:
Good thing you feel that way about timing the market. TQQQ ended the day down, but you’re holding for the long term.
Of course it’s down. After you gave it a BUY recommendation this morning, it could only go down.
Ghost of Igloi wrote:
Sally Vixx.
Good for Sally Vixx for being long in TQQQ. Hopefully, he/she bought it several months ago. Then, it's killing it.
I'm in UPRO as I am already heavily in tech. However, next drip, I'll buy into TQQQ.
check out TECL, too, More of a pure tech play than TQQQ.
I would much rather own TECS here.
Ghost of Igloi wrote:
I would much rather own TECS here.
But your too much of a pussy to actually buy some. Right?
You’re the limpy guy. Following me around LRC with your snarky comments. Gets your hard going.
Ghost of Igloi wrote:
I would much rather own TECS here.
and short tesla while you're at it.
seattle prattle wrote:
Ghost of Igloi wrote:
I would much rather own TECS here.
and short tesla while you're at it.
Good bet as well versus buying TSLA.
Ghost of Igloi wrote:
You’re the limpy guy. Following me around LRC with your snarky comments. Gets your hard going.
I’ll take that as a yes.
Visited the wealthy, historic, town of Concord MA 2 days ago.
Saw several empty store fronts as several long term businesses are gone forever due to these devastating lockdowns
seattle prattle wrote:
Ghost of Igloi wrote:
I would much rather own TECS here.
and short tesla while you're at it.
Genius.
As it approaches 2,300.
I have tripled my investment in TESLA over the past few months.