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4 years ago 12/27/2020 12:56am EST

re: Flagpole

Flagpole wrote:
Maserati wrote:
I have beaten “Flagpole” every year that we have both been investing, because I have beaten the markets every year—until this year, depending on how you measure. Heck even this year I have had only PYPL, AAPL, MSFT, TSLA, and only now a bit of AAL, in addition to a broad spectrum of megacaps, no financials. I did sell some miners at a loss, but made money on others. I haven’t yet figured things out for the year, but I might be ahead of some US markets. With my int’l currency exposure I am way ahead, but I don’t count that.
“Flagpole” isn‘t all that. He’s a self-important dullard, like a decaying floating body, bloated with hubris. He’s one of those guys who seems to be succeeding, despite his best efforts. Typical hack, chances are he also is public sector, or somehow nurses at the public teat. Zero respect, because even to the extent that he has ever been “right”, it has been for no really valid reasons. And as someone upthread pointed out, he can’t even maximize returns on whatever sheep thesis he appears to have.
To everyone else, happy holidays! May we all progress prosperously through the coming times, and may our workouts be GREAT!?
Ha! You don't know what I have returned every year since I started investing in 1989. How could anyone take you seriously with that comment? I have beaten the Dow now every year except ONE since 1989, including this year, so I guess at least we know I beat you this year, because you said you didn't.
I actually had a HUGE year this year, it being the biggest beating I have put on the Dow ever.
So far YTD, the Dow has gone up 5.82%. My investments are up 32.69% YTD this year.
Now, as I always say, my gains have NOTHING to do with brilliance on my part. I just invest religiously and sometimes put in extra money with the market drops a lot. I did NOT do that this year. This year's big winner for me were my mid-cap funds...they went up over 60%! That's what made the year so good for me. My dividend funds actually did worse than the Dow this year. Large cap did well too at over 31% for me.

Then in that case, you're investments are not the highest on this thread as claimed.

Good night, bud.

(THere's always Monday)

4 years ago 12/27/2020 12:56am EST

re: Maserati

Maserati wrote:
I have beaten “Flagpole” every year that we have both been investing, because I have beaten the markets every year—until this year, depending on how you measure. Heck even this year I have had only PYPL, AAPL, MSFT, TSLA, and only now a bit of AAL, in addition to a broad spectrum of megacaps, no financials. I did sell some miners at a loss, but made money on others. I haven’t yet figured things out for the year, but I might be ahead of some US markets. With my int’l currency exposure I am way ahead, but I don’t count that.
“Flagpole” isn‘t all that. He’s a self-important dullard, like a decaying floating body, bloated with hubris. He’s one of those guys who seems to be succeeding, despite his best efforts. Typical hack, chances are he also is public sector, or somehow nurses at the public teat. Zero respect, because even to the extent that he has ever been “right”, it has been for no really valid reasons. And as someone upthread pointed out, he can’t even maximize returns on whatever sheep thesis he appears to have.
To everyone else, happy holidays! May we all progress prosperously through the coming times, and may our workouts be GREAT!?

To comment on the rest of your nonsense. I own my own consulting business which has done loads better than I ever needed it to or imagined it would. I am in my early 50s right now and work just 30 hours a week by design. I end my contract with my biggest client in about 18 months, and when they are done, I do not plan to replace them or sign another contract with them. I will then be down to about 15 hours of work per week, and I will probably end those contracts then and just retire. No firm decision yet. I have zero debt including a paid for house, more money today than we need for retirement, and my wife is a college professor (same age as me) who wants to work until age 60. She took 15 years off when the kids were little. Now, I plan to take time off from working. I might join a blues band or do some session work or something like that for fun, but once the career job is done, that's it for me doing any real work.

4 years ago 12/27/2020 12:59am EST

re: seattle prattle

seattle prattle wrote:
Flagpole wrote:
Ha! You don't know what I have returned every year since I started investing in 1989. How could anyone take you seriously with that comment? I have beaten the Dow now every year except ONE since 1989, including this year, so I guess at least we know I beat you this year, because you said you didn't.
I actually had a HUGE year this year, it being the biggest beating I have put on the Dow ever.
So far YTD, the Dow has gone up 5.82%. My investments are up 32.69% YTD this year.
Now, as I always say, my gains have NOTHING to do with brilliance on my part. I just invest religiously and sometimes put in extra money with the market drops a lot. I did NOT do that this year. This year's big winner for me were my mid-cap funds...they went up over 60%! That's what made the year so good for me. My dividend funds actually did worse than the Dow this year. Large cap did well too at over 31% for me.
Then in that case, you're investments are not the highest on this thread as claimed.
Good night, bud.
(THere's always Monday)

What? I'm not even sure what you are saying. My investments are not the highest on this thread? What does that mean? Do you mean I have said I have the most money in investments here? If so, I have never said that. Also, nothing I said there would prove that I DON'T have the most money in investments here. I really have no idea what you're saying.

4 years ago 12/27/2020 1:55am EST

re: Flagpole

Flagpole wrote:
Bummbull wrote:
Hmmm, not sure why you didn’t copy over the entirety of what I wrote as I was complimenting you. I was complimenting you that your tried and true investing is beating out all of these people who comment on this thread as they constantly buy and sell or too many permabears always saying that stocks are overweight and waiting for stocks to fall.
It’s like the saying that people lose more money preparing for the correction than the actual correction.
I didn't miss the compliment, brother, and I didn't purposefully leave that out. I was just stating that it's not sad. It's just typical. It's sad that they are chasing rainbows perhaps. It's not sad that they aren't beating me. I do the thing that has the least amount of risk but yet still with great reward. Yes, there are people out there who make a big score that sets them up for life, but that is very rare. They have the same access to information that I do. They can make the same choices I make, but greed gets in the way. People dream of that big score. You have to leave ego and machoism out of investing. Slow and steady wins this race. Invest, invest, and invest some more all the while getting rid of your debt.

No comment. But see the bolded parts in case you don't know what i am talking about. And if you still don't know, I am talking about ROI YTD if not more (but probably more).

Good night, bub.

4 years ago 12/27/2020 11:18am EST

re: seattle prattle

4 years ago 12/27/2020 11:49am EST

re: seattle prattle

seattle prattle wrote:
Flagpole wrote:
Ha! You don't know what I have returned every year since I started investing in 1989. How could anyone take you seriously with that comment? I have beaten the Dow now every year except ONE since 1989, including this year, so I guess at least we know I beat you this year, because you said you didn't.
I actually had a HUGE year this year, it being the biggest beating I have put on the Dow ever.
So far YTD, the Dow has gone up 5.82%. My investments are up 32.69% YTD this year.
Now, as I always say, my gains have NOTHING to do with brilliance on my part. I just invest religiously and sometimes put in extra money with the market drops a lot. I did NOT do that this year. This year's big winner for me were my mid-cap funds...they went up over 60%! That's what made the year so good for me. My dividend funds actually did worse than the Dow this year. Large cap did well too at over 31% for me.
Then in that case, you're investments are not the highest on this thread as claimed.
Good night, bud.
(THere's always Monday)

Flagpole, I find it very peculiar that your mid-caps are up over 60% ESPECIALLY when you did not market too a huge dive earlier this year. Again, you say your mid-caps are over 60% year-to-date. AND I know you are a huge Vanguard fund guy.

Let's take three of the popular Vanguard mid-cap funds and see how they did this year ....

VO - Vanguard mid-cap index fund ETF - Year-to-date up 18%

VOT - Vanguard mid-cap Growth index fund ETF - Year-to-date up 35.47%

VOE - Vanguard mid-cap Value index fund ETF - Year-to-date up 1.24%

So these very popular Vanguard mid-cap index funds are up 18%, 35.47% and 1.24% this year. How the heck did you mid-cap index funds return over 60% this year? Please show us which mid-cap funds YOU have that are up over 60% this year? I am very curious about this.

4 years ago 12/27/2020 11:50am EST

re: Sally Vix

Sorry for the poor wording ... I meant when Flagpole did not buy on the huge dip earlier this year.

4 years ago 12/27/2020 12:04pm EST

re: Sally Vix

Sally Vix wrote:
Sorry for the poor wording ... I meant when Flagpole did not buy on the huge dip earlier this year.

Here are all the Vanguard funds. Scroll down to the 9 mid-cap funds and their year-to-date performances. Not a single one is close to "over 60% for the year."

https://investor.vanguard.com/mutual-funds/list#/mutual-funds/asset-class/month-end-returns

4 years ago 12/27/2020 12:25pm EST

re: seattle prattle

seattle prattle wrote:
Flagpole wrote:
I didn't miss the compliment, brother, and I didn't purposefully leave that out. I was just stating that it's not sad. It's just typical. It's sad that they are chasing rainbows perhaps. It's not sad that they aren't beating me. I do the thing that has the least amount of risk but yet still with great reward. Yes, there are people out there who make a big score that sets them up for life, but that is very rare. They have the same access to information that I do. They can make the same choices I make, but greed gets in the way. People dream of that big score. You have to leave ego and machoism out of investing. Slow and steady wins this race. Invest, invest, and invest some more all the while getting rid of your debt.
No comment. But see the bolded parts in case you don't know what i am talking about. And if you still don't know, I am talking about ROI YTD if not more (but probably more).
Good night, bub.

My bad, Flagpole, to drag you back into this toxic investing thread with some of the worst investors. But I guess this thread is a good representation of middle class retail investors where most are just awful at investing.

What some aren’t realizing is that since Flagpole has been investing his way for decades, he has considerable amount of equity in the market that any solid gain of 8%-25% in any given year results in sizable gain. Basically, investing 101 with compounding.

If any of you are actually beating Flagpole on consistent basis, it’s with your play money and not with significant amount. If you are investing significant amount and beating Flagpole, you should be retired or have reached your financial goal years ago.

It’s just like the OP of this thread, Klondike, who brags about timing dotcom bubble as well as the Great Recession. If he actually did that with significant portion of his investments, he should’ve been retired by 2012 and be rich as f*ck by now. But he’s actually a terrible investor and still thinks he can continue to time the market.

4 years ago 12/27/2020 12:52pm EST

re: Bummbull

Bummbull wrote:
seattle prattle wrote:
No comment. But see the bolded parts in case you don't know what i am talking about. And if you still don't know, I am talking about ROI YTD if not more (but probably more).
Good night, bub.
My bad, Flagpole, to drag you back into this toxic investing thread with some of the worst investors. But I guess this thread is a good representation of middle class retail investors where most are just awful at investing.
What some aren’t realizing is that since Flagpole has been investing his way for decades, he has considerable amount of equity in the market that any solid gain of 8%-25% in any given year results in sizable gain. Basically, investing 101 with compounding.
If any of you are actually beating Flagpole on consistent basis, it’s with your play money and not with significant amount. If you are investing significant amount and beating Flagpole, you should be retired or have reached your financial goal years ago.
It’s just like the OP of this thread, Klondike, who brags about timing dotcom bubble as well as the Great Recession. If he actually did that with significant portion of his investments, he should’ve been retired by 2012 and be rich as f*ck by now. But he’s actually a terrible investor and still thinks he can continue to time the market.

Just STFU!

Go cheapen your own sh!thole and leave us alone.

Just go.

4 years ago 12/27/2020 1:14pm EST

re: seattle prattle

seattle prattle wrote:
Bummbull wrote:
My bad, Flagpole, to drag you back into this toxic investing thread with some of the worst investors. But I guess this thread is a good representation of middle class retail investors where most are just awful at investing.
What some aren’t realizing is that since Flagpole has been investing his way for decades, he has considerable amount of equity in the market that any solid gain of 8%-25% in any given year results in sizable gain. Basically, investing 101 with compounding.
If any of you are actually beating Flagpole on consistent basis, it’s with your play money and not with significant amount. If you are investing significant amount and beating Flagpole, you should be retired or have reached your financial goal years ago.
It’s just like the OP of this thread, Klondike, who brags about timing dotcom bubble as well as the Great Recession. If he actually did that with significant portion of his investments, he should’ve been retired by 2012 and be rich as f*ck by now. But he’s actually a terrible investor and still thinks he can continue to time the market.
Just STFU!
Go cheapen your own sh!thole and leave us alone.
Just go.

Flagpole is outright lying that his mid-caps did over 60% this year. Just an outright lie. I already showed how Vanguard (his fave) mid-caps came no where close to 60%. Like WAY lower that that. The onus is on him to show which of his mid-caps performed at about 100% Y-T-D to offset his on average 20% relatively lackluster Vanguard funds. Put up or shut up, Flagpole. Show us your mid-caps that returned about 100% this year.

4 years ago 12/27/2020 1:19pm EST

re: Sally Vix

* To be clear, I was addressing that comment to Bumbull, not Flagpole.

4 years ago 12/27/2020 2:02pm EST

re: seattle prattle

seattle prattle wrote:
* To be clear, I was addressing that comment to Bumbull, not Flagpole.

What does cheapen my sh*thole even mean?

It’s just too fun to come on this thread and people trying to predict what’s going to happen and being wrong most of the time. And then, when someone makes a right call once after making 10 wrong calls, they brag about how well they did.

4 years ago 12/27/2020 2:07pm EST

re: Bummbull

Bummbull wrote:
seattle prattle wrote:
* To be clear, I was addressing that comment to Bumbull, not Flagpole.
What does cheapen my sh*thole even mean?
It’s just too fun to come on this thread and people trying to predict what’s going to happen and being wrong most of the time. And then, when someone makes a right call once after making 10 wrong calls, they brag about how well they did.

So you’ve met Igy.

4 years ago 12/27/2020 2:11pm EST

re: Gruntz

Gruntz wrote:
Bummbull wrote:
What does cheapen my sh*thole even mean?
It’s just too fun to come on this thread and people trying to predict what’s going to happen and being wrong most of the time. And then, when someone makes a right call once after making 10 wrong calls, they brag about how well they did.
So you’ve met Igy.

Igy has been repeatedly predicting a 12,000 Dow for like 7 years now. It hasn't happened yet but you just wait!

4 years ago 12/27/2020 2:14pm EST

re: Sally Vix

Sally Vix wrote:
Gruntz wrote:
So you’ve met Igy.
Igy has been repeatedly predicting a 12,000 Dow for like 7 years now. It hasn't happened yet but you just wait!

When the market finally gets around to reacting to the economy, a 12,000 Dow will be but a found dream. You think last spring's lockdowns did massive damage -- and they did -- wait for the next five months.

4 years ago 12/27/2020 2:18pm EST

re: Sally Vix

Sally Vix wrote:
Gruntz wrote:
So you’ve met Igy.
Igy has been repeatedly predicting a 12,000 Dow for like 7 years now. It hasn't happened yet but you just wait!

No, I’m not calling out Iggy. I hope all goes well for him.

4 years ago 12/27/2020 5:36pm EST

re: Bummbull

Bummbull wrote:
seattle prattle wrote:
* To be clear, I was addressing that comment to Bumbull, not Flagpole.
What does cheapen my sh*thole even mean?

I don't know but it made me laugh

4 years ago 12/27/2020 5:51pm EST

re: Sally Vix

Sally Vix wrote:
seattle prattle wrote:
Just STFU!
Go cheapen your own sh!thole and leave us alone.
Just go.
Flagpole is outright lying that his mid-caps did over 60% this year. Just an outright lie. I already showed how Vanguard (his fave) mid-caps came no where close to 60%. Like WAY lower that that. The onus is on him to show which of his mid-caps performed at about 100% Y-T-D to offset his on average 20% relatively lackluster Vanguard funds. Put up or shut up, Flagpole. Show us your mid-caps that returned about 100% this year.

I remember Flagpole showing some confusion and misunderstanding about how dividends work with mutual funds. I'm guessing that the 60% claim might be another expression of that kind of confusion. Just a guess though.

FP, check morningstar to see what the return is on specific funds. THey won't be +60% unless they are some kind of hyper-tech or bitcoiny job.

4 years ago 12/27/2020 6:31pm EST

re: Sally Vix

Sally Vix wrote:
Gruntz wrote:
So you’ve met Igy.
Igy has been repeatedly predicting a 12,000 Dow for like 7 years now. It hasn't happened yet but you just wait!

Sally and The Troll,

Of course that is incorrect. I have rarely used the Dow as a benchmark other than to make fun of you. What I have been consistent on is a fair value for the market. Posters like you have been saved for the moment by the Fed and Congress pumping $Trillions in excess liquidity into the economy, therefore distorting assets prices to the highest valuations ever.

One is free to argue that fair value is a metric that does not apply in this area of central bank monetary policy. I disagree, believing all asset prices are anchored to cash flow. Stocks are just long duration assets, and therefore subject to extended periods of bubble exuberance; today being the most egregious.

So what is current fair value for S&P 500? 2020 GAAP EPS estimate $93.36 x historic multiple of 16 = 1,493.76 or about 60% lower. Keep in mind markets have a tendency to mean invert, so I would not be surprised if we overshoot this mark. Many will be surprised of the carnage, and poor investment performance looking back ten years from today. Or, the mirror opposite of the current environment.

Igy

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