Oh, snap!
Oh, snap!
agip wrote:
Ghost of Igloi wrote:
^Fact: performance of fund managers in the bottom ranks of those funds with the poorest returns tend to rise dramatically in subsequent periods.
But: you are inexperienced and are naively relying on 100 year industry statistics for a twenty year time horizon.
That said: good luck.
actually not true. Morningstar did a study on this - they found essentially zero forecasting ability whether the fund is 5,4 ,3 or 2 star. It was a random mix.
BUT
If a fund was one star, then it tended to keep being a poor performer. Having one star did predict bad future performance.
All data is open to interpretation, and data from a market top like today is certainly subject to skepticism. Furthermore, I am not talking about Morningstar or their ratings. I am talking about investment style and reversion of to the mean. For example, all the growth funds that were overweight to FAMANG were killed 4th Quarter 2018, and the Hussman fund was the out performer. Worst performers 2000-2002 and 2007-2009 are the same category, and experiencing the same performance chasing today.
Oh, snap! wrote:
Oh, snap!
^SCIIG
Sally Vix wrote:
nah wrote:
Maybe that is the financial disaster he is trying to quickly forget.
And I forgot to add that it is down more than 10% so far this year. So 7 of the last 8 years it has had significant losses. On top of all the horrendous performance data, it still is charging a 1.3% expense fee and has the lowest Morningstar Rating possible. It is one of the worst funds I have ever seen. Yet Igy touts this fund nonstop.
Can you believe that this guy claims to be a financial advisor? I can’t.
“Tinkering with security valuations doesn’t create aggregate ‘wealth’ – it simply takes future returns and embeds them into current prices. Long-term ‘wealth’ is largely unchanged, because the actual wealth is in the future cash flows that will be delivered to investors over time.”
—John Hussman, July 2019 Market Commentary
Ghost of Igloi wrote:
“Tinkering with security valuations doesn’t create aggregate ‘wealth’ – it simply takes future returns and embeds them into current prices. Long-term ‘wealth’ is largely unchanged, because the actual wealth is in the future cash flows that will be delivered to investors over time.”
—John Hussman, July 2019 Market Commentary
Well done, comrade. The fake news is strong with this one.
^SCIIG
https://m.youtube.com/watch?v=LkCNJRfSZBUFinancial advisor wrote:
Sally Vix wrote:
And I forgot to add that it is down more than 10% so far this year. So 7 of the last 8 years it has had significant losses. On top of all the horrendous performance data, it still is charging a 1.3% expense fee and has the lowest Morningstar Rating possible. It is one of the worst funds I have ever seen. Yet Igy touts this fund nonstop.
Can you believe that this guy claims to be a financial advisor? I can’t.
Maserati wrote:
Come now, agip!
It’s not “secret manipulation “, it’s “overt management”.
And it’s not “vast conspiracy”, it’s “general agreement “.
There is no need to get tinfoil hat over this. It escapes me why you are resistant to the fact that there is a relatively small number of players controlling your markets and your money. When Racket said that these players consisted of a handful of greedy fvcks on Wall St, he was mostly right—there are also some internationally particularly in London, and there is a revolving door between them and government.
This is well-known fact. The difficulty is to figure out the club from the outside. I have glimpsed the inside, and you wouldn’t believe the types of things that drive decision-making.
ok then link to a legit story describing what you have seen in the marketplace. Showing how the government controls the bond market to effect policy,
Other than the fed funds rate and QE/QT.
ANyone watch bitcoin? I know it does some batsh!t crazy stuff, but in the course of the last four hours, it's tanked 15% and then rose 14% from there. That's one huge swing in the course of a few hours.
Ghost of Igloi wrote:
https://m.youtube.com/watch?v=LkCNJRfSZBU
More proof that Igy lives in a fantasy world.
Only Igy would find something negative about positive earnings. And this is the same hypocrite who accuses sciig of using multiple handles. What a loser.
^SCIIG
Whatever! It's all going to be about China and the trade negotiations on Monday.
3,000......
Ghost of Igloi wrote:
^SCIIG
Igy is such a narcissist that he uses his own name as part of my name.
^SCIIG
Thanks, Captain Obvious.
Up goes the Dow - futures indicating a new all time high at the open.
hope the rally extend to emerging markets - that's where I need to make some money. I'm overweight there.