This is just one of a million examples of why you should NEVER act based on what ANY "expert" says about the market. Investing is just one piece of the financial puzzle. You need to get out of debt as soon as possible and stay there, and then invest uninterrupted into stock-containing mutual funds until you are ready to retire and no longer have an income from a job.
Flagpole is correct on this. Index funds beat actively managed (managed by "experts") mutual funds about 80% of the time. You want a portfolio with diversified mutual funds and then sprinkle in individual stocks (for me the Mag 7 and other stocks that I like. You mainly want to match the market. You can incorporate bonds into your portfolio with target date retirement mutual funds that transition to more and more bonds as you near your retirement date.
Follow-up ... you want to match the market because the market DOES go up over time.
This is just one of a million examples of why you should NEVER act based on what ANY "expert" says about the market. Investing is just one piece of the financial puzzle. You need to get out of debt as soon as possible and stay there, and then invest uninterrupted into stock-containing mutual funds until you are ready to retire and no longer have an income from a job.
No real disagreement with this. Index / mutual should be the VAST majority of everyone's portfolios.
TSLA up 80% from this prediction 4 years ago. but to be fair, there were enormous losses taken by tesla shareholders, and kass put no time limit on his prediction.
Dougie Kass @DougKass On @realmoney this morning: "On Tesla - it is my view that, in the fullness of time, I still believe the company will be the biggest bust in stock market history. Just don't know when. It won't go bust but people will lose more money on this stock then any other stock ever...I am 10:50 AM · Dec 22, 2020
Especially now, I believe Tesla will do incredibly well in the next few years. You can't put a specific dollar value on it, but having the full support of the world's most powerful man is incredibly helpful for a company.
Tesla sitting at P/E of 103, not the most profitable business around.
I chose to pass and will watch the 2 super ego personalities come to a battle and end their lovefest of each other.
By Ismaeel Naar, Eric Lipton, David Yaffe-Bellany and Tamir Kalifa
Speaking at a Middle East conference, President-elect Donald J. Trump’s son said his family had embraced cryptocurrency because some banks stopped doing business with them after Jan. 6.
I would be hard pressed between Saylor and Bidenomics, so you are half-right. Clearly spending wildly on fiscally unsound social agenda does more economic harm both short and long term. Saylor represents the same thinking, there are no consequences for promoting experimental financial projects. Likely true for the promoters.
The current issue of Vanity Fair has a profile of William Ackman, the billionaire hedge fund manager who’s trying to bring down Herbalife. Ackman’s friends and enemies call him Bill; I know him as Billy. You see, Billy Ackman...
"Bill Ackman a Harvard educated (magna c*m laude) billionaire New York hedge fund manager bet over a billion dollars on a short position (imperiling his fund and his reputation) without checking the facts. And he did not check the facts because he was so rigid with a misplaced silver spoon that he could not stoop to sit on a subway for thirty minutes and talk with poor people for ninety minutes."
Plus recently there was his CEF kerfuffle this past summer.
A comment about Saylor, regarding a UNH executive assassinated in NYC. The assassination that launched a 1000 substack posts, or as Sean Tuffy posted;
“Details are sketchy and we only have partial information provided the cops. No one really knows what happened or why. So, here’s a two thousand word substack that definitively explains why Mangione killed Brian Thompson, which, coincidentally, fits with my priors and worldview”
There was one substack that did make a poignant point;
"In the wake of this shooting every media organization commenting on it has had to grapple with the waves of public enthusiasm for Luigi’s actions. Right-wing media figures condemning the left for celebrating this assassination have been criticized by their own readers and listeners. Insurance companies have pulled down lists of their executives from the Internet. This is because they too understand the shooter culture of the United States. Like anyone else, they know that any mass shooting that meets with massive media coverage and interest will spawn copycats. The assassination Luigi is believed to have carried out was new and exciting; it demanded the public’s attention in a way most mass shootings don’t. At almost the exact same time the United Healthcare CEO was assassinated, a gunman walked into a religious school near Oroville California and shot two young children before killing himself. This shooting drew almost no national attention. It was entirely drowned out by the execution of an insurance industry CEO. The armed and disaffected young men who are most drawn to this sort of thing will not miss this fact. I believe Luigi Mangione was radicalized by pain. The shooters who follow him will all have their own reasons for what they do, their own journeys to that violent end. But ultimately, they’ll do what they’ll do because Luigi proved it’s what gets attention."
I propose, but not advocate, this hypothetical question. Sometime in the future will a MSTR bagholder be emboldened by Luigi's action and attempt to take out the CEO Saylor? I was in Europe for 4 months (Aug-Nov) in 1977. The Red Brigades (Italy) and The Baader Meinhof Gang (Germany) were active and when I left Strasbourg in early Nov on my way to Copenhagen, the train was searched thoroughly at the German border. Schleyer's dead body had been discovered a few weeks earlier in Mulhouse a little over 100 km to the south.
Some Russian over at ZH added Yellen to the charlatan list. As far as Saylor goes, I strategically add to my SMST position. I am still an active member in the Symbionese Liberation Army.
In other words, Janet Yellen has personally overseen $16.7 trillion, or 46%, of all the debt increase in the history of the USA
UNH was the provider of both Morgan Stanley healthcare plan, and my current AARP Medicare Supplement Plan. Any criticism would be centered on how we have created healthcare as big business. Inflation statistics tell us healthcare cost have gone down, but my experience shows increases of more than 10% a year the last two years. In terms of claims handling, I have been very satisfied by UNH. On the other hand, as a cancer patient I was a profit center for the firm.
This post was edited 4 minutes after it was posted.
Some Russian over at ZH added Yellen to the charlatan list. As far as Saylor goes, I strategically add to my SMST position. I am still an active member in the Symbionese Liberation Army.
Some Russian over at ZH added Yellen to the charlatan list. As far as Saylor goes, I strategically add to my SMST position. I am still an active member in the Symbionese Liberation Army.
I was in the Bay Area (Oakland) in April 1974 when Tania (aka Patty Hearst) and the SLA robbed a bank in SF.
Recall the photo of Tania with her beret and rifle on the front of the Hearst paper LA Herald Examiner. Year later Tom Hayden, Chicago Seven, became a city council member in Santa Monica, and for a time was married to Jane Fonda. Angela Davis became a professor at UCLA.
We have UNH (AARP) plan G, premiums dropped a lot when we moved from NY to TX. We've had no problems but everyone I know that went with Advantage Plans have regretted it. Warning to those going on Medicare soon, the insurers are going to push their Advantage plans (due your own DD). My drug plan is with AARP as well and the premium has gone down a little the last couple of years. My wife had Silver Scripts and the premium went from $20-$40 last year. She found a less expensive one for 2025
We have UNH (AARP) plan G, premiums dropped a lot when we moved from NY to TX. We've had no problems but everyone I know that went with Advantage Plans have regretted it. Warning to those going on Medicare soon, the insurers are going to push their Advantage plans (due your own DD). My drug plan is with AARP as well and the premium has gone down a little the last couple of years. My wife had Silver Scripts and the premium went from $20-$40 last year. She found a less expensive one for 2025
Interesting to compare notes on this.
We went with Blue Cross, Plan G, and with added Supplemental Ins. with Premera. For drug coverage we went with Silver Scripts plan through Aetna, and it is dirt cheap premiums but high deductible.
We heard bad things about Advantage Plans and it was not even considered given, well, everything.
A big factor for us was the ability to continue visiting the health care providers we had prior to retiring.
The dental is kind of a pain because our dentist is out of network and we have to pay a little more for that luxury. I think the dental coverage is only through Medicare for us.
AI stocks up a massive 19%since this tweet. Not a great observation I guess.
Markets & Mayhem @Mayhem4Markets ChatGPT website visits are apparently collapsing, according to data from Similarweb, compiled by Goldman. Is this why they were considering that ridiculous $2,000/month subscription and desperately trying to raise funds before the LLM bubble bursts? I do think LLMs have potential, but I also think that their capabilities have been massively overstated in the here and now. We're at the 'peak of inflated expectations'.
here are the all-wrong SP500 predictions from early in the year.
We're at 6,054
Post See new posts Conversation Sven Henrich @NorthmanTrader The most bearish Wall Street call for 2024 is from JPM which sees $SPX ending at, wait for it, November 1 levels (4200). The most bullish calls are for 5000 - 5200 which were the same targets given in early 2022 only to see $SPX close that year at 3839. 11:45 AM · Jan 12, 2024 · 33.4K Views
The most bearish Wall Street call for 2024 is from JPM which sees $SPX ending at, wait for it, November 1 levels (4200).
The most bullish calls are for 5000 - 5200 which were the same targets given in early 2022 only to see $SPX close that year at 3839. pic.twitter.com/nRZoE6i8oy
I have the same plans as gente, just the Idaho version. The drug plan jumped for 2025, explored other options, then the deductible increased. The nice benefit for most of these plans is the free gym membership.
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