It's this simple. The marketplace, whether it be the stock market or the real estate market is just like an online auction place. Like ebay. Whatever people are willing to pay is it's value. Period.
Hussman Strategic is YTD down 10%. NVDA is up 190% YTD. The other 7 or so high tech have been doing great YTD. I don't really care why they are up so much but will continue investing in them. There may be some rough times along the way but I feel confident that 5 years from now my portfolio will have flourished.
Hussman Strategic is YTD down 10%. NVDA is up 190% YTD. The other 7 or so high tech have been doing great YTD. I don't really care why they are up so much but will continue investing in them. There may be some rough times along the way but I feel confident that 5 years from now my portfolio will have flourished.
Today: NVDA .26% HSGFX .31% :-)
And factor in management fees and whatever else Hussman shakes down his customers for and I'm sure his return, even on a day like this, is less.
And factor in management fees and whatever else Hussman shakes down his customers for and I'm sure his return, even on a day like this, is less.
On a price basis from the November 2021 NASDAQ peak to today, the QQQ is down 8% while HSGFX is up 4%. HSGFX also paid large capital gains distribution in both 2021 and 2023, in total about 2%. Some feel the AI narrative driving the Qs in 2023 is a shakedown perpetrated by your tech wonder men (persons, if you will) insiders.
And factor in management fees and whatever else Hussman shakes down his customers for and I'm sure his return, even on a day like this, is less.
On a price basis from the November 2021 NASDAQ peak to today, the QQQ is down 8% while HSGFX is up 4%. HSGFX also paid large capital gains distribution in both 2021 and 2023, in total about 2%. Some feel the AI narrative driving the Qs in 2023 is a shakedown perpetrated by your tech wonder men (persons, if you will) insiders.
That's exactly, right, Igy. And if one were smart enough to figure that out, that just might be smart enough to figure that the circumstances have changed, there are ample reasons for the markets to rebound, and - the important part - with the markets still off their highs, there may very well be time to jump onboard and take advantage of this trend.
As for the AI narrative, and how much further it might go - who knows? We'll see. I'm not married to it.
Tesla- big news today. That one really could have legs...
This post was edited 40 seconds after it was posted.
Hussman Strategic is YTD down 10%. NVDA is up 190% YTD. The other 7 or so high tech have been doing great YTD. I don't really care why they are up so much but will continue investing in them. There may be some rough times along the way but I feel confident that 5 years from now my portfolio will have flourished.
Today: NVDA .26% HSGFX .31% :-)
I don't care what happens day-to-day. I want my funds/stocks to flourish in the long term.
And factor in management fees and whatever else Hussman shakes down his customers for and I'm sure his return, even on a day like this, is less.
VTI has an expense ratio of 0.03%. Hussman Strategic? Expense ratio of 1.21%. They get you coming and going. Hussman not satisfied with screwing you with terrible performance but they also ream you on fees. Double whammy.
And factor in management fees and whatever else Hussman shakes down his customers for and I'm sure his return, even on a day like this, is less.
VTI has an expense ratio of 0.03%. Hussman Strategic? Expense ratio of 1.21%. They get you coming and going. Hussman not satisfied with screwing you with terrible performance but they also ream you on fees. Double whammy.
Here’s your long term savvy investing:
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
VTI has an expense ratio of 0.03%. Hussman Strategic? Expense ratio of 1.21%. They get you coming and going. Hussman not satisfied with screwing you with terrible performance but they also ream you on fees. Double whammy.
Here’s your long term savvy investing:
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
If (Stock A) returns annually 50% for the last 15 years - the only fact that is pertinent is that it has returned 50% for the last 15 years. Nothing else matters.
VTI performance since November 2021 high is around -9%, so actually worse than the Qs. Oh, that is the drag from the 1.61% of the stocks that are outside the United States. Actually a joke of s fund.
VTI has an expense ratio of 0.03%. Hussman Strategic? Expense ratio of 1.21%. They get you coming and going. Hussman not satisfied with screwing you with terrible performance but they also ream you on fees. Double whammy.
Here’s your long term savvy investing:
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
You have your funds mixed up. VTI is not the World Stock Market ETF at all, it is US indices only: "The fund employs an indexing investment approach designed to track the performance of the index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks."
You are probably within the window to correct your error.
Also, maybe Nvidia mentions AI 21 times in conf. call because they are in fact the largest AI company, or nearly so. That is what they do.
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
If (Stock A) returns annually 50% for the last 15 years - the only fact that is pertinent is that it has returned 50% for the last 15 years. Nothing else matters.
Oh, a revolution. “AI” even selected the 98% of the United States stocks in VTI. Sounds revolutionary; world changing.
VTI performance since November 2021 high is around -9%, so actually worse than the Qs. Oh, that is the drag from the 1.61% of the stocks that are outside the United States. Actually a joke of s fund.
VTI is up YTD 16% and will have an annualized gain of 32%.
VTI has an expense ratio of 0.03%. Hussman Strategic? Expense ratio of 1.21%. They get you coming and going. Hussman not satisfied with screwing you with terrible performance but they also ream you on fees. Double whammy.
Here’s your long term savvy investing:
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
This is what they call their World Stock Market Index ETF: VT
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
This is what they call their World Stock Market Index ETF: VT
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
You have your funds mixed up. VTI is not the World Stock Market ETF at all, it is US indices only: "The fund employs an indexing investment approach designed to track the performance of the index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks."
You are probably within the window to correct your error.
Also, maybe Nvidia mentions AI 21 times in conf. call because they are in fact the largest AI company, or nearly so. That is what they do.
NVDA has a current PE of 172, forward 2024 of 67, 48 for 2025, and 38 in 2026. Hardly seems anything other than a hype narrative, even using optimistic numbers. Just saying, as the hipsters mouth.
For fiscal year 2022 the expense ratio for HSGFX was 1.15%, Morningstar lists this as below average. VTI calls itself the Vanguard World Stock Market ETF, but is 98% United States, and 22% of the total is six tech stocks. The downside capture ratio is 100%, and risk above average. No one selects these stocks. No one looks to the fundamentals. So the Nvidia CEO mentions “AI” 21 times on the earnings call, the stock goes up on “rising demand,” but neglects to mention that it might be China advance ordering ahead of export sanctions, or that insiders of the company are selling into the market. You get what you pay for.
This is what they call their World Stock Market Index ETF: VT
You have your funds mixed up. VTI is not the World Stock Market ETF at all, it is US indices only: "The fund employs an indexing investment approach designed to track the performance of the index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks."
You are probably within the window to correct your error.
Also, maybe Nvidia mentions AI 21 times in conf. call because they are in fact the largest AI company, or nearly so. That is what they do.
NVDA has a current PE of 172, forward 2024 of 67, 48 for 2025, and 38 in 2026. Hardly seems anything other than a hype narrative, even using optimistic numbers. Just saying, as the hipsters mouth.
Could be. I can't believe the run-up! I keep saying that, and it runs up a little more. I fiddled around with a couple of smaller AI stocks and they were just too volatile. Big overnight sell-offs that don't give you an opportunity to react until it's gapped way down - not good.
NVDA has a current PE of 172, forward 2024 of 67, 48 for 2025, and 38 in 2026. Hardly seems anything other than a hype narrative, even using optimistic numbers. Just saying, as the hipsters mouth.
Could be. I can't believe the run-up! I keep saying that, and it runs up a little more. I fiddled around with a couple of smaller AI stocks and they were just too volatile. Big overnight sell-offs that don't give you an opportunity to react until it's gapped way down - not good.
Here is a chart for NVDA. Back in 2016 it was at about $8. Now? $424.
