You are so disingenuous. You CONVENIENTLY left out what it is I expect. I'll add it to erase your bogus spin.
"...27% of calendar years are down years, 73% of calendar years are up years historically, and NO ONE can tell you with any degree of certainty what the current or upcoming year will be."
But you exclude all the factors that skew the statistics. That is the real sin, and bogus spin. And so ill informed. Extreme valuations require Flagpoles.
Have a good Labor Day.
Also, skewed statistics are baked in. I have explained this to you before. Our country and countries around the globe have their thumb on the scale. That's a given. YOU need to understand that. Actually though, it's too late for you. You should have learned that 30 years or more ago.
You can say there are skewed statistics, but the fact is that you (and no one else either) can do any kind invested based on that to make that adventageous for them. The ONLY thing you can do (well again, not YOU because your income-making time is over, so other people who are still working), is to put in money that you don't need today so that you have money later on when you no longer have an income.
News out today about the new iPhones and it sounds exciting. It is the iPhone 15, with four different models, starting at $799. Improvements are impressive, and "Apple iPhone 15 Pro Price Increases Warranted, Goldman Sachs Says", as per Investor's Business Daily.
Look for faster processors, more memory, and increased power efficiency. I also heard elsewhere that new phones will be capable of USB-C charging.
Sept. 12 is the date set for a media event to announce the release.
Yippee! the new iphone will have improvements of 0.002% faster processors, 0.00053% more memory and 0.00023% increased power efficiency. You won't find me standing in line for that. The new iphone is pretty much the same as the previous version which was the same as the previous version which was ....
Yippee is just the start! But hold that enthusiasm. Because pre-ordering isn't possible until Sept. 12, apparently.
Dude, you are SOOOOO wrong. I GUARANTEE you that I have made more money in the stock market than you have...absolutely for sure, and if I were to guess how much more, I would say it is at least 10 times more...well, to be fair, my value is at least 10 times more (and based on the way you fret over the market all the time, it's probably MUCH more than that)...I for sure invested more money than you too since you're such a permabear. You chase tops and bottoms and make declarations about the market here that almost NEVER come true. Your problem is that you THINK you know stuff. You don't know sh!t.
That’s not much of a stretch. It’s not hard to believe that Igy’s investments have done anything but lost him money over the years. Why else would he have had to work until he was 70 and still retire with a mortgage and a car loan? And he wants us to believe he was a financial planner! 😂
But you exclude all the factors that skew the statistics. That is the real sin, and bogus spin. And so ill informed. Extreme valuations require Flagpoles.
Have a good Labor Day.
Dude, you are SOOOOO wrong. I GUARANTEE you that I have made more money in the stock market than you have...absolutely for sure, and if I were to guess how much more, I would say it is at least 10 times more...well, to be fair, my value is at least 10 times more (and based on the way you fret over the market all the time, it's probably MUCH more than that)...I for sure invested more money than you too since you're such a permabear. You chase tops and bottoms and make declarations about the market here that almost NEVER come true. Your problem is that you THINK you know stuff. You don't know sh!t.
I GUARANTEE you that I have made more money in the stock market than you have...absolutely for sure, and if I were to guess how much more, I would say it is at least 10 times more...well, to be fair, my value is at least 10 times more…
At the risk of repeating myself, you are a narcissistic blowhard.
Also, be careful not to assume you know how much somebody else has in their pocket.
Dude, you are SOOOOO wrong. I GUARANTEE you that I have made more money in the stock market than you have...absolutely for sure, and if I were to guess how much more, I would say it is at least 10 times more...well, to be fair, my value is at least 10 times more (and based on the way you fret over the market all the time, it's probably MUCH more than that)...I for sure invested more money than you too since you're such a permabear. You chase tops and bottoms and make declarations about the market here that almost NEVER come true. Your problem is that you THINK you know stuff. You don't know sh!t.
That’s not much of a stretch. It’s not hard to believe that Igy’s investments have done anything but lost him money over the years. Why else would he have had to work until he was 70 and still retire with a mortgage and a car loan? And he wants us to believe he was a financial planner! 😂
I don't disbelieve that he was a financial planner. There are a LOT of bad financial planners out there. It's not hard to plan your financial life, and unless you are a nimrod, you don't need a financial planner.
1) Get rid of debt so that your outgo is low. Make sure to be completely debt free including having housing set the rest of your life (either own a home outright or have enough money that is ONLY earmarked for rent the rest of your life).
2) Invest 15% or more of your income as soon as you become an employed person in your adult life, and do that until you retire. Don't EVER stop investing while working, and put it in diversified stock mutual funds
Do those two things, and you'll be better off than 95% of Americans. There is NOTHING else that is needed. You don't jump in and out of the market. You don't invest a LITTLE bit, waiting for the "right time" to start investing more. You don't look at the VIX or inflation or who is in office or cyclicals or ANYTHING that "experts" spew at you. That nonsense allows them to have jobs, but it's all garbage. Those things CAN explain what MIGHT happen or what DID happen, but they have ZERO value in telling you what to invest in and how much do invest and WHEN. NO ONE on the planet can tell you when and what and how much with ANY regularity, so the ONLY reasonable choice is to:
1) Get rid of debt.
2) Invest 15% MINIMUM of your income UNWAVERINGLY while working so that you have income when you are retired.
I GUARANTEE you that I have made more money in the stock market than you have...absolutely for sure, and if I were to guess how much more, I would say it is at least 10 times more...well, to be fair, my value is at least 10 times more…
At the risk of repeating myself, you are a narcissistic blowhard.
Also, be careful not to assume you know how much somebody else has in their pocket.
1) Not a narcissistic blowhard.
2) I FOR SURE have a LOT more money than Igy. FOR SURE. He knows it's true also. Now, that doesn't in and of itself make me right, BUT, the reason I have so much more than he does is ONLY due to my investing unwaveringly for the long term than he condemns. He's wrong about everything he says about investing. As someone else here said, we should listen to what Igy says and then DON'T do that (or do the opposite...can't remember exactly what was said...but the sentiment is understood).
Dude, you are SOOOOO wrong. I GUARANTEE you that I have made more money in the stock market than you have...absolutely for sure, and if I were to guess how much more, I would say it is at least 10 times more...well, to be fair, my value is at least 10 times more (and based on the way you fret over the market all the time, it's probably MUCH more than that)...I for sure invested more money than you too since you're such a permabear. You chase tops and bottoms and make declarations about the market here that almost NEVER come true. Your problem is that you THINK you know stuff. You don't know sh!t.
three months ago this big house was 'skeptical' of the tech rally.
QQQ is up 9% since their call. Ouch.
Carl Quintanilla @carlquintanilla BTIG: “.. we remain skeptical on the big picture sustainability of this rally. .. We just saw the largest weekly inflow into $QQQ of the year .. typically contrarian as [it] signal investors have 'FOMO' into the tail end of a move.” @jkrinskypga
1:44 PM · Jun 4, 2023 · 87.5K Views
BTIG: “.. we remain skeptical on the big picture sustainability of this rally. .. We just saw the largest weekly inflow into $QQQ of the year .. typically contrarian as [it] signal investors have 'FOMO' into the tail end of a move.” @jkrinskypgapic.twitter.com/4tTNsufZFa
— Carl Quintanilla (@carlquintanilla) June 4, 2023
At the risk of repeating myself, you are a narcissistic blowhard.
Also, be careful not to assume you know how much somebody else has in their pocket.
1) Not a narcissistic blowhard.
2) I FOR SURE have a LOT more money than Igy. FOR SURE. He knows it's true also. Now, that doesn't in and of itself make me right, BUT, the reason I have so much more than he does is ONLY due to my investing unwaveringly for the long term than he condemns. He's wrong about everything he says about investing. As someone else here said, we should listen to what Igy says and then DON'T do that (or do the opposite...can't remember exactly what was said...but the sentiment is understood).
Your boasting that you have more wealth in paper assets may be true. I likely have more wealth than you in art, precious metals, jewels, or automobiles. It is also true I may have a lot nicer house, a prettier wife, and certainly a more pleasant personality. I may even have a higher net worth than you.
None of that has any relevance to the financial maxim that what you pay for an asset matters, or once you reach a certain age, or wealth, capital preservation should dominate growth. In summary, most of my comments are directed toward asset valuations, a Benjamin Graham like view. In a world of expensive assets my views would slant heavily bearish, but in recent years I touted oil energy, and lately EM Bond ETFs. I comment on things I find interesting, or disagree with. I find your posts largely uninteresting.
A sober investor would realize the many unrepeatable, and destructive policies that took the market to all time highs in late 2021 and early 2022. The set-up is far more distorted today than March 2000. Not only distorted, but designed to push investors to take on more risk, without adequate price discovery. You say none of that matters, I say for someone 60, and with significant wealth, it does. Following the March 2000 high, the ten year return for the S&P 500 Index was -47.502%, annualized at -6.910%; with dividends reinvested -38.545%, annualized -5.266%. Historically, a similar experience should not be discounted. That already has happened to some extent in bonds, and commercial real estate, for example.
As a former Certified Financial Planner I understand the responsibility and information gathering required to give proper advice. I give no advice, I merely comment on markets. You are the pedantic one with 32 out of 33 years beating the Dow.
CoreWeave: Is backed by $NVDA Buys $2.3B in $NVDA chips With $2.3B LOC financed by Blackrock Using the the $2.3B $NVDA chips as collateral Blackrock owns 182M shares of $NVDA $NVDA claims $2.3B data center beat $NVDA gaps up 11% in AH - of which ALL was unwound during RTH?! This is more than a closed loop. It's #SoldToYou
Now, insiders at CoreWeave trying to sell 10% of the company at 12 times sales. Seems like a Lucent type relationship similar to the Tech Bubble. For those of you not around at the time, Lucent, as well as other companies, were selling internet backbone products to startups, backed by their own financing arm. Booking profits on one hand, disguising the true nature of the transaction on the other. Is that what is going on here?
Your boasting that you have more wealth in paper assets may be true. I likely have more wealth than you in art, precious metals, jewels, or automobiles. It is also true I may have a lot nicer house, a prettier wife, and certainly a more pleasant personality. I may even have a higher net worth than you.
I don’t think Flagpole is a racist, homophobe, or transphobe. So you’ve got him on those counts, too!
CoreWeave: Is backed by $NVDA Buys $2.3B in $NVDA chips With $2.3B LOC financed by Blackrock Using the the $2.3B $NVDA chips as collateral Blackrock owns 182M shares of $NVDA $NVDA claims $2.3B data center beat $NVDA gaps up 11% in AH - of which ALL was unwound during RTH?! This is more than a closed loop. It's #SoldToYou
Now, insiders at CoreWeave trying to sell 10% of the company at 12 times sales. Seems like a Lucent type relationship similar to the Tech Bubble. For those of you not around at the time, Lucent, as well as other companies, were selling internet backbone products to startups, backed by their own financing arm. Booking profits on one hand, disguising the true nature of the transaction on the other. Is that what is going on here?
If you are a NVDA investor you may wish to watch this:
In a nutshell. Tough to prove, but there are *BIG* eyes on this now, so maybe they can 😉 $NVDA And the risk to market and Nvidia shareholders… is that they can.
Funny you should say so. We happen to be working with one currently.
Being purposefully pedantic among pedants, erhaps, but I don’t think Igy has ever called himself a financial planner.
On the second point, I see I was in error, as Igy was a certified financial planner. In my brain he had worked as an investment advisor, which wouldn’t necessarily be the same thing, at least where I come from. In any event, apologies to all for misspeaking.
On the first point, I don’t think our choice to work with a financial planner means we are nimrods, but I suppose if we are, we wouldn’t necessarily know, so maybe we are. Why would somebody, nimrod or not, choose to work with one? In our case, I think I’m pretty good with numbers and have done a lot of work to build projections for our money from now until we die in the absence of salaries. Believing myself to be of average intelligence or better (I claim without proof), following a technical career, I think I’m probably as good as anyone I know at this, and yet I recognize there is a lot I don’t really know that a financial planner may know better than me. For example, the tax implications of different investments, estate planning, insurance needs, etc. We will pay a few thousand dollars for advice. If that pays off in saving us more than a few grand in a few years it will be money well spent.
I think the opposite of Flagpole on this; probably most people would benefit from hiring a fee for service financial planner. The only ones who wouldn’t are those who already know everything. Which isn’t the same as those who think they know everything.
Funny you should say so. We happen to be working with one currently.
Being purposefully pedantic among pedants, erhaps, but I don’t think Igy has ever called himself a financial planner.
On the second point, I see I was in error, as Igy was a certified financial planner. In my brain he had worked as an investment advisor, which wouldn’t necessarily be the same thing, at least where I come from. In any event, apologies to all for misspeaking.
On the first point, I don’t think our choice to work with a financial planner means we are nimrods, but I suppose if we are, we wouldn’t necessarily know, so maybe we are. Why would somebody, nimrod or not, choose to work with one? In our case, I think I’m pretty good with numbers and have done a lot of work to build projections for our money from now until we die in the absence of salaries. Believing myself to be of average intelligence or better (I claim without proof), following a technical career, I think I’m probably as good as anyone I know at this, and yet I recognize there is a lot I don’t really know that a financial planner may know better than me. For example, the tax implications of different investments, estate planning, insurance needs, etc. We will pay a few thousand dollars for advice. If that pays off in saving us more than a few grand in a few years it will be money well spent.
I think the opposite of Flagpole on this; probably most people would benefit from hiring a fee for service financial planner. The only ones who wouldn’t are those who already know everything. Which isn’t the same as those who think they know everything.
As for hiring a financial planner, I am of a similar mind. I haven't done so before, and have no regrets about that decision.
But at certain critical junctures like retirement, there are a lot of rules, thresholds, income sources, tax brackets, etc. that change. One can optimize these in various ways, and it is prudent to do so.
That said, I did my best to understand these and create a strategy/plan, and as confident as I am that it is sound and that I haven't missed anything, it certainly would be prudent to enlist the services of a competent financial planner to run a check on my plan and to see if I missed anything.
I really hate doing this but it's probably the smart thing to do.
Last evening I watched On Patrol Live, gives you a good snap shot of life out there. A featured couple, driving in a car with a 14 month old child, vehicle littered with drugs and drug paraphernalia. What is the first thing that comes out of the criminals’ pocket? A smart phone. The mentality is expressed over and over again on these shows. Like the short film winner at Cannes. Funny to me, to my detriment I suppose. :-)
Apple co-founder Wozniak would be worth close to $1 trillion today if he kept all his shares. Trillion with a T.
