About all that tells me is that you missed out. Sorry.
Just confirms that he's a permabear. He already has called for an S&P 500 of 3000 by year's end, and it has done nothing but go up since he said that. He's just a permabear and knows nothing about how to predict the market...I don't know how to predict it either (not in a microscale), but I don't pretend that I do.
The ONLY thing that is foolproof is to do regular investing without fail into diversified mutual funds. You can't time the market. You just need to invest until you are ready to retire at which time you will begin to draw from your pile (while still keeping it invested i the market). You should invest money today that you don't need so that you have money later on when you no longer have an income.
Every new investor should read what Flagpole says here and adhere to it. Very good advice.
Just confirms that he's a permabear. He already has called for an S&P 500 of 3000 by year's end, and it has done nothing but go up since he said that. He's just a permabear and knows nothing about how to predict the market...I don't know how to predict it either (not in a microscale), but I don't pretend that I do.
The ONLY thing that is foolproof is to do regular investing without fail into diversified mutual funds. You can't time the market. You just need to invest until you are ready to retire at which time you will begin to draw from your pile (while still keeping it invested i the market). You should invest money today that you don't need so that you have money later on when you no longer have an income.
Every new investor should read what Flagpole says here and adhere to it. Very good advice.
I agree, but I don't think I am being overly pedantic in questioning his assertion that such a strategy is "foolproof". Any investor should know that investing carries the risk of loss, and this should be understood.
Every new investor should read what Flagpole says here and adhere to it. Very good advice.
I agree, but I don't think I am being overly pedantic in questioning his assertion that such a strategy is "foolproof". Any investor should know that investing carries the risk of loss, and this should be understood.
You DO have to do other things other than JUST invest. If you eliminate debt as quickly as you can other than a mortgage and a VERY BIG student loan, you just can't go wrong at all with buying and buying and buying diversified mutual funds. The risk of loss is nearly non-existent...this assumes you just buy and don't sell until you are ready to retire and need the money.
I agree, but I don't think I am being overly pedantic in questioning his assertion that such a strategy is "foolproof". Any investor should know that investing carries the risk of loss, and this should be understood.
You DO have to do other things other than JUST invest. If you eliminate debt as quickly as you can other than a mortgage and a VERY BIG student loan, you just can't go wrong at all with buying and buying and buying diversified mutual funds. The risk of loss is nearly non-existent...this assumes you just buy and don't sell until you are ready to retire and need the money.
Igy - nice post but you missed Hussman Strategic - down 10%!
Sally, I think the main thrust of that tweet is that nearly nothing is positive YTD other than those big eight tech stocks. I don’t know to what degree that is true; I worked part way down the list of biggest components of the DOW and didn’t find anything positive on the year until I got to CAT, which flashed green today after a big daily jump. Everything bigger was red on the year. I only went 7 or 8 deep, though, so not a deep dive. Curious to know, though, if anyone can say… how many SP500 stocks are down, YTD?
Igy - nice post but you missed Hussman Strategic - down 10%!
Sally, I think the main thrust of that tweet is that nearly nothing is positive YTD other than those big eight tech stocks. I don’t know to what degree that is true; I worked part way down the list of biggest components of the DOW and didn’t find anything positive on the year until I got to CAT, which flashed green today after a big daily jump. Everything bigger was red on the year. I only went 7 or 8 deep, though, so not a deep dive. Curious to know, though, if anyone can say… how many SP500 stocks are down, YTD?
Deceptive how? Pretty simple statement of a verifiable fact. You don’t get to create your own reality, Igy.
Speaking of disparity in performance, I have shown this graph before, since HSGFX's inception in 2000, $10,000 invested in HSGFX would be worth $12,000 today.. $10,000 invested in the S & P would be worth $44,000 today.
