Hey agip, are you going, or have seen Wicked. Wouldn't surprise me that you've seen the play. Saw it yesterday with the grand-kids. All of us enjoyed it and I'm not fond of musicals (only ones I liked were the original West Side Story and Cabaret). We can't wait for Part II.
Glad to hear you liked it - seems like a giant hit. Did the theater kids sing along at the show you went to? Not sure if that would be charming or annoying but I hear it's common.
I'm not a huge musical fan, but maybe like you, West Side Story, My Fair Lady, Sound of Music, Anything Goes, Grease and a few others are some of my favorite things. So to speak, if you know what I mean.
I haven't seen Wicked in any form...maybe when it comes out on streaming.
I view people with industry experience as better than the so-called “experts” who have a phd. Just look at what happened during covid - the “experts” constantly called for lockdowns and mask mandates. He’s an incredibly accomplished investor. Yellen isn’t terrible. Lisa Cook, on the other hand, is a complete DEI pick. Just like Buttigieg as secretary of transportation.
I view people with industry experience as better than the so-called “experts” who have a phd. Just look at what happened during covid - the “experts” constantly called for lockdowns and mask mandates. He’s an incredibly accomplished investor. Yellen isn’t terrible. Lisa Cook, on the other hand, is a complete DEI pick. Just like Buttigieg as secretary of transportation.
I can compare my YTD to the Dow in any manner I choose.
Tell me you're a rank amateur without telling me you're a rank amateur.
I'm not going to bother with your misuse of passive and diversify. It seems, this applies to some other poster, I can explain it to you but I can't understand it for you.
Define me in any way you like, but I have invested a TON of money since 1989 and have more money than I will ever need or ever dreamed possible as a result. I have ONLY invested in mutual funds other than when I was forced to have a company match early on by two companies that matched in company stock. Initially (still in my 20s) I had some bonds in there because I was told that was a good idea, but then I got away from them, and now my mutual funds are ONLY stock-containing.
I do not misuse passive and diversified. I have money in mutual funds, and over about the last 10 years, I have just dumped money into them and really done nothing else (passive). I am diversified because I have money in just about every sector of the market...domestic stocks, international stocks, small cap, mid cap, large cap, etc.
Investing is all about setting yourself up for a glorified retirement. In my case, mission accomplished.
Decided to check again this morning since yesterday was such a big day. I am now losing to the Dow YTD. Oh no, what ever will I do? To any of you who think I care, HA! I just care about how much I make (well, how much I have made over time...I don't need to make any more).
I view people with industry experience as better than the so-called “experts” who have a phd. Just look at what happened during covid - the “experts” constantly called for lockdowns and mask mandates. He’s an incredibly accomplished investor. Yellen isn’t terrible. Lisa Cook, on the other hand, is a complete DEI pick. Just like Buttigieg as secretary of transportation.
Bessent is not an accomplished investor.
He had a couple big wins when working for Soros, then went out on his own and had a mediocre to bad record as a portfolio manager. Investors are fleeing his fund. But he looks the part of a Secretary of the Treasury and gave a million dollars to Trump so he got the job. Sad for the country. I'll stick with actual experts rather than mediocre investors with no actual experience who buy their way into government.
"Key Square has experienced a sharp drop in its assets under management to just over $800 million in the first quarter of 2023, according to analysis of public filings by AUM 13f. The macro hedge fund has achieved inconsistent returns since being started almost a decade ago that have seen it post a series of significant losses, including in 2017, 2018, and 2021, according to disclosure from the New York City Police Pensions Fund."
Soros pulled his investments out of Key Square in 2018, according to Reuters.
Decided to check again this morning since yesterday was such a big day. I am now losing to the Dow YTD. Oh no, what ever will I do? To any of you who think I care, HA! I just care about how much I make (well, how much I have made over time...I don't need to make any more).
Dow YTD: UP 18.70%
Flagpole YTD: UP 18.58%
Dow is actually up 20.48% year to date total return.
which is the correct benchmark, unless for some reason you don't count the dividends received into the Flagpole Fund.
DIA Performance - Review the performance history of the SPDR® Dow Jones Industrial Avrg ETF Tr to see it's current status, yearly returns, and dividend history.
Learn the difference between an index's price return and total return. Yes, it's easy to beat an index price return when you're comparing it to your current portfolio value. The portfolio value is generated by the reinvestment of dividends and capital gains (plus the timing of funds added or subtracted). Thus the proper comparison is the total return of the chosen index (and equivalent additions and subtractions). If my sole investment was VINIX, I could say I've beaten the S&P 500 Price Index each year, but not the S&P 500 Total Return Index. Using the ETF DIA, the DJIA Total Return is now +20.42% for the year!
I can compare my YTD to the Dow in any manner I choose.
What le gente is saying - I am not even sure Flagpole understands and it is quite embarrassing for him. Flagpole's calculation of his portfolio for the year includes reinvested dividends plus the capital appreciation. When he is looking at the Dow's performance, he is only looking at the index value and how it has done for the year. He is not considering dividends. And over the last 100 years, dividends of the S & P (for example) have accounted for 40% of the index total return.
Decided to check again this morning since yesterday was such a big day. I am now losing to the Dow YTD. Oh no, what ever will I do? To any of you who think I care, HA! I just care about how much I make (well, how much I have made over time...I don't need to make any more).
Dow YTD: UP 18.70%
Flagpole YTD: UP 18.58%
Dow is actually up 20.48% year to date total return.
which is the correct benchmark, unless for some reason you don't count the dividends received into the Flagpole Fund.
I can compare my YTD to the Dow in any manner I choose.
What le gente is saying - I am not even sure Flagpole understands and it is quite embarrassing for him. Flagpole's calculation of his portfolio for the year includes reinvested dividends plus the capital appreciation. When he is looking at the Dow's performance, he is only looking at the index value and how it has done for the year. He is not considering dividends. And over the last 100 years, dividends of the S & P (for example) have accounted for 40% of the index total return.
I view people with industry experience as better than the so-called “experts” who have a phd. Just look at what happened during covid - the “experts” constantly called for lockdowns and mask mandates. He’s an incredibly accomplished investor. Yellen isn’t terrible. Lisa Cook, on the other hand, is a complete DEI pick. Just like Buttigieg as secretary of transportation.
Please don't call Mayor Pete a DEI pick. He is much more qualified than that. As mayor of South Bend his biggest accomplishment as mayor was lighting up the bridges.
What le gente is saying - I am not even sure Flagpole understands and it is quite embarrassing for him. Flagpole's calculation of his portfolio for the year includes reinvested dividends plus the capital appreciation. When he is looking at the Dow's performance, he is only looking at the index value and how it has done for the year. He is not considering dividends. And over the last 100 years, dividends of the S & P (for example) have accounted for 40% of the index total return.
Ha! Nothing I don't understand here, brother.
Okay. Then can you explain how you are calculating the total return of the Dow for each year?
I view people with industry experience as better than the so-called “experts” who have a phd. Just look at what happened during covid - the “experts” constantly called for lockdowns and mask mandates. He’s an incredibly accomplished investor. Yellen isn’t terrible. Lisa Cook, on the other hand, is a complete DEI pick. Just like Buttigieg as secretary of transportation.
Bessent is not an accomplished investor.
He had a couple big wins when working for Soros, then went out on his own and had a mediocre to bad record as a portfolio manager. Investors are fleeing his fund. But he looks the part of a Secretary of the Treasury and gave a million dollars to Trump so he got the job. Sad for the country. I'll stick with actual experts rather than mediocre investors with no actual experience who buy their way into government.
"Key Square has experienced a sharp drop in its assets under management to just over $800 million in the first quarter of 2023, according to analysis of public filings by AUM 13f. The macro hedge fund has achieved inconsistent returns since being started almost a decade ago that have seen it post a series of significant losses, including in 2017, 2018, and 2021, according to disclosure from the New York City Police Pensions Fund."
Soros pulled his investments out of Key Square in 2018, according to Reuters.
He was one of the key people who contributed to shorting the pound in the early '90s. He also runs his own hedge fund, and, as I said before, he's a billionaire and went to Yale. He has a great background for it.
good lord. imagine typing that. That where you went to college qualifies you to be Secretary of the Treasury. And the second part.
anyway, the 'dei pick' reference is to the treasury secretary being gay and gay married.
And no, he's not qualified - he's never worked in the dep't of the treasury or the Fed. Being a macro investor does not qualify you to be sec treas.
Bessent's qualification is that he looks the part and is a billionaire mega donor to trump.
Here's a thumbnail Yellen's CV to get an idea of what a Sec Treasury is supposed to know.
Janet Louise Yellen (born August 13, 1946) is an American economist, currently serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers. Yellen is the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Economics at the University of California, Berkeley.
You are correct in your assessment, and yet, at the same time, Bessent is probably the best pick so far...shows how big of a Sh!t Show we are in for.
RFK is a good pick. Rubio is a good pick. DOGE, though not a secretary position, is great.
He had a couple big wins when working for Soros, then went out on his own and had a mediocre to bad record as a portfolio manager. Investors are fleeing his fund. But he looks the part of a Secretary of the Treasury and gave a million dollars to Trump so he got the job. Sad for the country. I'll stick with actual experts rather than mediocre investors with no actual experience who buy their way into government.
"Key Square has experienced a sharp drop in its assets under management to just over $800 million in the first quarter of 2023, according to analysis of public filings by AUM 13f. The macro hedge fund has achieved inconsistent returns since being started almost a decade ago that have seen it post a series of significant losses, including in 2017, 2018, and 2021, according to disclosure from the New York City Police Pensions Fund."
Soros pulled his investments out of Key Square in 2018, according to Reuters.
He was one of the key people who contributed to shorting the pound in the early '90s. He also runs his own hedge fund, and, as I said before, he's a billionaire and went to Yale. He has a great background for it.
the 90s? come on man.
Yellen didn’t have to give a million dollars to Biden to get her job while contributing to the corruption of a nation.
and again, Bessent is not a good investor. Soros pulled out pretty quick when he saw the incompetence.
and again, being a good investor is not prep for being secretary of the treasury. Neither is a BA from Yale.
This post was edited 1 minute after it was posted.
He was one of the key people who contributed to shorting the pound in the early '90s. He also runs his own hedge fund, and, as I said before, he's a billionaire and went to Yale. He has a great background for it.
the 90s? come on man.
Yellen didn’t have to give a million dollars to Biden to get her job while contributing to the corruption of a nation.
and again, Bessent is not a good investor. Soros pulled out pretty quick when he saw the incompetence.
and again, being a good investor is not prep for being secretary of the treasury. Neither is a BA from Yale.
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