Down goes the Dow

The Dow Jones has an annual return of 9% over the last 10 years. So it has beaten the 5 of Flagpole's mutual funds I looked up 4 out of 5 - and rather convincingly. 80% of his funds lost to the Dow.

5yearcharts.com

Last 10 years’ average return of Dow Jones / DJIA

Kelemen Szabolcs

Average return of Dow Jones in the last 10 years: nominal and annual return, ten years DJIA return year-by-year. Check it out now!>>

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Lanai would still be my first choice. The photos appear to show the resort at the high point lost its quaintness in a remodel, which in my view is a loss. You would perhaps view it as an improvement, if you could compare, before or after. Either way, unusual comparatively to other islands, and a billionaires choice.

Reid said he took profit from his shorts about a week ago hahaha. What an idiot. He’s been able to lose money as a bear and a bull! Hahaha

In addition to being a substance abuser your reading skills are poor. I continued to sell in the premarket when the NASDAQ was down 80+ points. Overall I sold about a 10% position this week maintaining currently at 20% or so.

SOXS lots up as much as 27% and TECS lots up as much as 15%. I will sell more if needed to protect gains, add back in if market rallies to 4,750+. Used earlier sales to partially fund 2024 RMD.

Nope. I advised manufacturing companies what software to use for their businesses, and Oracle software was a common solution for many of them. I used it, tested it, recommended it or not depending on the needs of the customer. Oracle was mainly used by my larger clients.

1) I did not do as well as the S&P 500 in 2023...slightly worse.

2) I shared that information 13 years ago. I do not own all of those funds today, and even 13 years ago, that was not a complete list of the funds I owned at the time. It clearly states that.

What is it that you are accusing me of lying about? I can only GUESS that you have misremembered what I count my yearly gains and losses against...I do that against the DOW only, not the S&P 500. I lose to the S&P 500 frequently. I have not tracked that, but I would guess it's more than half the time on a yearly basis. If it's not you misremembering, then I have no idea what you are accusing me of lying about. I do not lie...not one lie in my adult life.

And yes, there is a difference between a falsehood and a lie. Not sure why you have a hangup about that.

So, what are you accusing me of lying about?

Um...you assume I still own all of those funds that I owned 13 years ago that I randomly picked out of my list to share. You don't take into account that I have never given an exhaustive list of the funds I own. You don't know how much money (so a percentage of my holdings) are or were in any of those funds. And you still have the Dow thing wrong about number of years. So, try again.

ROTFL.

Stop! You're killing me.

pretty wild that Apple has flat revenue and flat profits....and a high PE of 30.

That stock is a big problem for the SP500...hard to see Apple keeping that multiple for much longer unless it comes up with something new and reinvigorates growth.

I've been struggling with this since the start of the new year. Sold a little in the last few days, but that was just a feel good exercise and doesn't make a dent in overall position.

Interesting article about this today in Yahoo Finance Morning Brief. Several analysts lowering their rating of the company.

They make the point that even without increasing revenues in the iPhone segment (people reluctant to upgrade very often anymore and increasing competition in smartphone segment), services are such a major portion of their business model that it may continue to gain for them. Also, they wonder if their lack of AI exposure may ultimately help them if that area fades and they are left as a purer (non-AI) tech play.

We'll see. Apple has weathered a lot.

I’m accusing you of lying about beating the DOW 35 out of the past 32 years. Which is what I think you’ve said, so I’m not lying, just exaggerating for effect. Of course, my version of the claim is exactly as credible as yours.

You can still try to defend yourself with a % breakdown of your current holdings.

Pants on fire…

He's a compulsive liar so it's pointless pressing him for factual information, you'll just get more lies and deflections. I doubt he ever even owned any of those funds that were listed earlier, that's just a lie he was telling on that particular day.

Earnings Scorecard: For Q4 2023 (with 21 S&P 500 companies reporting actual results), 19 S&P 500 companies have reported a positive EPS surprise and 12 S&P 500 companies have reported a positive revenue surprise.

Well, you're wrong. I have beaten the Dow (the easiest of the major indicies to beat) about what you say there (though you have the numbers wrong).

A breakdown of my holdings would not tell you anything about my investing history since 1989 as things have changed a lot over the years for me...getting rid of some funds, adding new ones (mostly that), getting rid of bonds, etc.

If I DID give you what my holdings were in 2023 (a year in which I destroyed the Dow), it would only support my position. So far in this early 2024 year, I am losing to the Dow, but just by a very tiny bit, and of course it is super early yet.

Nope! I have not told a lie in my adult life. Also, if I were a compusive liar, why would I lie about funds I owned? Do you think I don't invest at all and so own ZERO mutual funds? What a weird thing to suggest that someone is lying about.

Flagpole, you are in error as recently as this post of yours (above), see bolded portion. In fact, the Dow Jones has outperformed the S&P 500 in 5 or the last 9 years. That's right - in the last 9 years, the Dow was ahead of the S&P's annual return more often than not. Winner: Dow.

Those years were 2015, 2016, 2017, 2018, 2022.

So, over the last 9 years, the Dow was not the easiest indices to beat.

So, as for your post, one might say:

INCORRECT! (At least recently)