How long will you wait for 1000-1500?
You aren’t getting any younger. :)
How long will you wait for 1000-1500?
You aren’t getting any younger. :)
BTW Igy, I neglected to mention that while I have made a big buy, I am less than 5% in US equities. I might bump that up to 10%, but IDK at the moment.
But it’s still a lot of money, and is important. I could afford to lose it, but I won’t.
I still have more in US real estate
And up more today, as NAV calculations roll in
Have you any idea how high they need to goose this thing to make pensions look even remotely solvent?
Maserati,
Trust but verify, even that doesn’t always pan out. Just read how the son of the founder of Softbank lost $130 million dollars buying Bitcoin at the top and selling near the low. That will be followed here as well.
In regards to my motivation it is largely an intellectual argument. I spoke and is discussed briefly Nassim Taleb’s Anti-Fragile portfolio, small out of consensus bets balance by conservative investments. So my current anti-fragile portfolio is 5% long, 5% managed futures, 10% short and 80% laddered CDs. As an adviser I would never recommend this, but would not argue against it either. In my view anyone within five years of retirement in a 70% stock/30% bond portfolio will have a significant loss of principal and would be wise to swap that to 30% stock/70% bond allocation. Any investor that holds the 70% stock/30% bond portfolio will get back to even by 2029. This represents market history at current valuation.
I understand your view point, but don’t buy your conclusions.
As far as my personality, I am well suited to this business emotionally. I have been around two severe Bear Markets. My clients and I have always fared well. The truth of what works and who is suited for this business is tested when things are really bad, not when they are really good.
Hope you make a ton on your business interests and glad to see you back posting.
Igy
Funny you ask...likely S&P 500 5,000....
https://wirepoints.org/chicagos-pension-funds-looking-more-like-a-collapsing-ponzi-scheme/
Oh, snap!
S&P 500 and Nasdaq register new record high closing values fueled by positive earnings reports.
Ghost of Igloi wrote:
Oh SNAP!
https://www.cnbc.com/2019/04/23/snap-earnings-q1-2019.html
Positive news from Igy! That’s a refreshing change.
Maserati wrote:
One thing I bought a bunch of was SPXL, that is how strongly I believe in my own narrative—and not to trade, like I have done in the past.
BTW great to see that this theead is alive. I could check while away, but I have too many other things going on to do so. What did I miss? :^)
Nice to hear from you, Maserati.
Likewise, i transitioned out of TNA for the most part and took a big bet on TQQQ (3x Nasdaq 100) and TECL (3x Technology sector). I still have some TNA and SPXL for a little balance, but not the bulk of it.
Igy, glad all went well with your wife's surgery and hoping she has a speedy recovery.
Seattle,
Much thanks. After surgery, took her to Wendy’s. I fed her a great meal of chicken nuggets, fries and strawberry lemonade. She napped for two hours and is now doing laundry. Talk about marrying well.
Igy
Great to hear. Much to be thankful for, for sure.
She prepared an Easter feast for you and you repay her by taking her to Wendy’s. You’re an old fashioned romantic, Igy.
Ghost of Igloi wrote:
Seattle,
Much thanks. After surgery, took her to Wendy’s. I fed her a great meal of chicken nuggets, fries and strawberry lemonade. She napped for two hours and is now doing laundry. Talk about marrying well.
Igy
It's obvious she's not a Jersey Girl.
Three men were talking about their new wives duties. The first man had an Illinois woman and had told her that she was going to do the dishes and house cleaning. It took a couple of days, but on the third day he came home to see a clean house and dishes washed and put away. The second man had a Michigan woman. He had given his wife orders to do all the cleaning, dishes, and the cooking. The first day he didn't see any results, but the next day he saw it was better. By the third day, he saw his house was clean, the dishes were done, and there was a huge dinner on the table. The third had a beautiful Jersey girl. Her new duties were to keep the house cleaned, dishes washed, lawn mowed, laundry washed and hot meals on the table for every meal. He said the first day he didn't see anything, the second day he didn't see anything, but by the third day some of the swelling had gone down and he could see a little out of his left eye, enough to fix himself a sandwich and load the dishwasher.
For the record; Jersey Guy married to a beautiful Jersey Girl 38 years this September.
Lemons wrote:
She prepared an Easter feast for you and you repay her by taking her to Wendy’s. You’re an old fashioned romantic, Igy.
Lemons,
Yea, her choice. I am picking up dinner from a nice restaurant. I am off all week on vacation looking after her. Also, washing windows and touching up the exterior paint. So we take care of each other. For some reason during my situation a Wendy’s Baconator, fries and Frosty were a hospital day delight. Comfort food I suppose.
Igy
LOL! For sure, that’s not Igy’s wife.
Congratulations. Funny joke muy loca. Wife and I are both from Santa Monica, California married at 19 and 23. We met when she was 16 and me 20. So August will be 45 years married.
It wasn’t a joke.