Down goes the Dow

Ghost of Igloi wrote:

Bummbull wrote:

Are you serious? You have totally lost it if you think I mocked you from day one. God, that’s hilarious. You’ve been criticizing about how I invest and how anyone else does.

Bummbell,

OK, day three, five whatever. The car thing, working until I am 70. You sere pretty smug and nasty young man.

Igy

You’re an idiot if you think I even brought those things up without you criticizing my portfolio or myself.

Man, I can’t believe you are acting like you’re the victim here. That’s just hilarious.

You’re acting just like someone’s annoying little brother that keeps egging on the older brother. Then finally, the older brother just punches the little brother on the nose to shut him up. Then the little brother cries to his mommy that the older brother punched him for no reason. Pathetic.

The Unkle wrote:

[quote]Bummbull wrote:

I’m fine with stocks going up or down. Hope it goes down so I can buy more. I hate it on the up days bc I can’t buy anything.

You're a genius. Love losing money on the stocks you hold so you can buy more

Maybe bc you think you can time the market is the reason why you haven’t made much money in the stock market.

This guy who “loves losing money” is doing quite well.

See, here’s the reason why I don’t mind the market going down. I believe in the long run, the equity that I’ve purchased will go up. However, in the short term, I cannot predict. So, do you know what I do? I use this thing called asset allocation between equity and bonds. When equity goes down, I rebalance it by moving my bonds to equity. If equity goes up, I rebalance it and buy bonds.

I think you criticized about asset allocation in the past so I hope you really understand it this time.

I tend to avoid in buying things that I think will have long term downward trend. For example, I’m not in energy sector. I think in short term, it could go up bc they’ve been hammered so much. However, in the long term, I don’t really see it going up in the next 5-10 years. I think it will be more of sideways with slight downward trend in long term.

Bummbull wrote:

[quote]The Unkle wrote:

[quote]Bummbull wrote:

I’m fine with stocks going up or down. Hope it goes down so I can buy more. I hate it on the up days bc I can’t buy anything.

You're a genius. Love losing money on the stocks you hold so you can buy more

Maybe bc you think you can time the market is the reason why you haven’t made much money in the stock market.

WTF are you talking about?

Another reason I don’t care if market goes down is that I’m in contribution phase of my life. I’m a net buyer. So if stocks go down, I’m buying at cheaper prices.

The Unkle wrote:

Bummbull wrote:

[quote]The Unkle wrote:

[quote]Bummbull wrote:

I’m fine with stocks going up or down. Hope it goes down so I can buy more. I hate it on the up days bc I can’t buy anything.

You're a genius. Love losing money on the stocks you hold so you can buy more

Maybe bc you think you can time the market is the reason why you haven’t made much money in the stock market.

WTF are you talking about?

Bummbell,

OK, fair enough, but I felt you were needling me. At the time I was under attack from several posters. Going forward I will drop the “Bummbell Model Portfolio” nonsense in deference you.

My apologies.

Don’t hit me though, my bones are brittle with age.

Igy

The Unkle wrote:

Bummbull wrote:

[quote]The Unkle wrote:

[quote]Bummbull wrote:

I’m fine with stocks going up or down. Hope it goes down so I can buy more. I hate it on the up days bc I can’t buy anything.

You're a genius. Love losing money on the stocks you hold so you can buy more

Maybe bc you think you can time the market is the reason why you haven’t made much money in the stock market.

WTF are you talking about?

Well, do you think you can time the market? Also, have you actually performed better than S&P500? Have you actually been making money? It doesn’t seem like it from your posts.

On the other hand, I have made money and I don’t time the market. I just utilize asset allocation and adjust my allocation where I’m happy if stocks go down so I can sell my bonds and buy more equity.

For you to not understand this, perhaps that’s the reason your performance has been literally crap.

Bummbell,

Copied the wrong dialog, but you got it.

Best,

Igy

Ghost of Igloi wrote:

Bummbell,

Copied the wrong dialog, but you got it.

Best,

Igy

Ok fair enough. Truce.

Ghost of Igloi wrote:

.At the time I was under attack from several posters.

Having someone disagree with you is not an “attack” and certainly not worthy of name calling.

Maserati wrote:

Love the anti-AMZN diatribe.

But where does Costco rank on the lower-than-whale-shiit scale?

Costco is awesome. You know you can get a mortgage from them (sorta)? There's all sorts of amazing random discounts, totally worth the membership fee in my opinion.

Igy, now that you're retired the only sensible thing is to dump the Caymen and get a real Porsche: air-cooled, maybe a 964 or a 993.

If you think stocks are an insane overvalued market, try bidding on a basket case 964 on Bring-A-Trailer and you'll see some true overpriced lunacy. Good investment value though.

Racket,

I think I may have told you the son and I restored a ‘59 Chevy Impala when he was in high school. Took a couple of years and far too much money. It still leaks oil after multiple attempts. It has one of the early power steering assists that constantly has issues. So, I have had my share of auto tinkering. Currently glad to have the creature comforts of a somewhat staid, yet late model sports car.

At the moment just getting accustomed to the fact that I don’t have to fit all my personal chores on the weekend. I just finished reading some of the Rise and Fall of the Third Reich with nothing else planned requiring actual labor. I really haven’t done that often on a Saturday in years.

Igy

Ghost of Igloi wrote:

Racket,

I think I may have told you the son and I restored a ‘59 Chevy Impala when he was in high school. Took a couple of years and far too much money. It still leaks oil after multiple attempts. It has one of the early power steering assists that constantly has issues. So, I have had my share of auto tinkering. Currently glad to have the creature comforts of a somewhat staid, yet late model sports car.

At the moment just getting accustomed to the fact that I don’t have to fit all my personal chores on the weekend. I just finished reading some of the Rise and Fall of the Third Reich with nothing else planned requiring actual labor. I really haven’t done that often on a Saturday in years.

Igy

I thought you were a financial advisor.

Retired former DI track coach and Certified Financial Planner....

I thought that was a pretty cushy job, especially if you’re any good.

Rise and fall is ok as far as it goes, but for some really excellent insight into what went on—and into what is going on in the US today—read The Nazi Seizure of Power by William Sheridan Allen.

I found the understandable Jewish ire easy to filter out. It’s a fascinatingly detailed historical account of one town’s experience of the rise of the Nazis.

Bummbull wrote:

Another reason I don’t care if market goes down is that I’m in contribution phase of my life. I’m a net buyer. So if stocks go down, I’m buying at cheaper prices.

Simple math.

You lifetime holdings go down in value while you get to buy a few cheaper stocks,

Since you presumably have a lot more in lifetime savings than you are investing each week or two, you are losing money when the market goes down.

You are just repeating sales nonsense propagated by modern day snake-oil salesman

Bummbull wrote:

The Unkle wrote:

Maybe bc you think you can time the market is the reason why you haven’t made much money in the stock market.

WTF are you talking about?

Well, do you think you can time the market? Also, have you actually performed better than S&P500? Have you actually been making money? It doesn’t seem like it from your posts.

On the other hand, I have made money and I don’t time the market. I just utilize asset allocation and adjust my allocation where I’m happy if stocks go down so I can sell my bonds and buy more equity.

For you to not understand this, perhaps that’s the reason your performance has been literally crap.

You are arguing with the voices in your head.

Totally divorced from reality