Down goes the Dow

Almost did some tax loss harvesting on my Boeing shares today. Glad i didn't as it miraculously clawed its way back to break even on the day.

Hey, on those triple leveraged ETFs i keep discussing with Racket, I checked performances since the bottom less December, as compared to their non-leveraged ETF of the same sectors, and their returns are even more than 3x. In fact, a lot more than 3x. So, I guess the non-linear returns of the triple leveraged ETFs can distort in both directions - both as less return or more. Makes me very reluctant to sell them now. (Racket, ...if you are listening)

Gotta love the irony of Igy lecturing agip on how to be a good financial advisor.

Gruntz wrote:

Gotta love the irony of Igy lecturing agip on how to be a good financial advisor.

one thing I've learned in the biz for 18 years is that there is not one way to advise, and not everyone is looking for the same advice.

It's a wide ranging market...lots of ways to be of service to clients.

Gruntz wrote:

Gotta love the irony of Igy lecturing agip on how to be a good financial advisor.

I find agip’s view common, just like yours, and Sally’s and most who post here. Every day on CNBC same thing. Really don’t understand why you and others even post. Well in the case of Detector Dude to satisfy his infatuation. Mostly back slapping with the rest. Market trades down, then silence and fear.

Don’t question the culture of equities. Your future past. You will say nothing at that point.

Ghost of Igloi wrote:

Gruntz wrote:

Gotta love the irony of Igy lecturing agip on how to be a good financial advisor.

I find agip’s view common, just like yours, and Sally’s and most who post here. Every day on CNBC same thing. Really don’t understand why you and others even post. Well in the case of Detector Dude to satisfy his infatuation. Mostly back slapping with the rest. Market trades down, then silence and fear.

Don’t question the culture of equities. Your future past. You will say nothing at that point.

You have no idea what my view is. You are so desperate to push your failed narrative that you literally make up stuff about other posters here. And you wonder why people call you out.

agip wrote:

Ghost of Igloi wrote:

No, I don’t think so, by then the market will be down 65%. You may learn a lesson you have yet to experience as a financial advisor managing other people’s money. It won’t be fun and you will experience many sleepless nights.

Igy, come on. It's me. Agip. We've been doing this for years now.

You used to use 10 year returns, pegged to 2005/7 because they were bad.

Then when you couldn't use 10 year returns anymore because they were pegged to the 2008 lows and suddenly became good, you switched to 20 year returns, pegged to the top of the tech bubble.

And in 2022, when 20 year returns become good, you'll find something else to make the stock market look bad.

You can't pull the wool over this six-legged dragon. It's been too many posts.

Not trying to be hard on you. I just believe, most financial advisors, have little risk management and incorrectly believe they will leave right on time. Then, when things get bad they act surprised when they should know better. That is the continual failure of our profession and industry.

Of course I wish nothing but the best for you and others. Unfortunately investors as a class will be punished in the next downturn. That is not by chance, that is the history of the market, and the timing will not matter.

Gruntz wrote:

Ghost of Igloi wrote:

I find agip’s view common, just like yours, and Sally’s and most who post here. Every day on CNBC same thing. Really don’t understand why you and others even post. Well in the case of Detector Dude to satisfy his infatuation. Mostly back slapping with the rest. Market trades down, then silence and fear.

Don’t question the culture of equities. Your future past. You will say nothing at that point.

You have no idea what my view is. You are so desperate to push your failed narrative that you literally make up stuff about other posters here. And you wonder why people call you out.

Sure I do, you have posted it for years now. I called you out, so there. How does it feel?

Igy, if an investor has chosen to be out of the market for the last several years, they lost out. Can we admit that much? Regardless of what tomorrow or next year may hold.

I think the frustration stems from a perception that you feel anyone who has been invested in the markets these last few years is a loser who just hasn't come to terms with it yet.

few should disagree with that

Seattle prattle (on a different, read: faster, browser) wrote:

Igy, if an investor has chosen to be out of the market for the last several years, they lost out. Can we admit that much? Regardless of what tomorrow or next year may hold.

I think the frustration stems from a perception that you feel anyone who has been invested in the markets these last few years is a loser who just hasn't come to terms with it yet.

I have stated multiple times that it is a mistake to be out of the market. A portfolio of 20% stocks, 15% alternatives, and 65% bonds is up 7% on the year with far less risk than 60% stock and 40% bond portfolio that might be up twice that return with three times the risk.

My view is investors as a class believe they are nibble enough to reduce exposure in advance of a downturn. That is not the history of the market. So, my view is you reduce your exposure at stretched valuations, because the timing will not matter.

The Fed saved the market this year with three rate cuts and $260 Billion in QE. Yet, the conventional view is the market has less risk 12/11/2019 at 3,140 than 12/24/2018 at 2,346. How can that be when they are taking these extraordinary measures? I find people very delusional and don’t mind taking your arguments.

That does not mean I wish you or anyone ill. It is an intellectual argument only. However, there is a poster using my employer’s name, my wife’s name, and my son’s name. Shocking at first, but he only does himself harm.

Igy

Ghost of Igloi wrote:

Not trying to be hard on you. I just believe, most financial advisors, have little risk management and incorrectly believe they will leave right on time.

And what about the financial advisors who failed to get in on time?

what I want to know is where is the "Up goes the Dow" thread? The Dow went UP today. There should be a thread for that too, you are biasing things.

Ghost of Igloi wrote:

However, there is a poster using my employer’s name, my wife’s name, and my son’s name.

Igy

I’m calling BS on this. So someone used “Sally” as part of their username. That’s a pretty common name. I don’t know what your son’s name is, but I’m guessing you’re overreacting on that one too. Similarly in a thread such as this, you’re going to see some investment related companies mentioned.

Methinks your narcissism is getting the better of you. It’s not always about you.

Gruntz wrote:

Ghost of Igloi wrote:

Not trying to be hard on you. I just believe, most financial advisors, have little risk management and incorrectly believe they will leave right on time.

And what about the financial advisors who failed to get in on time?

I would not advocate being out of the market. The facts are you lower portfolio volatility and you compound at a higher rate. The only way you get there is to moderate your equity exposure in favor of bond and alternatives.

Gruntz wrote:

Ghost of Igloi wrote:

However, there is a poster using my employer’s name, my wife’s name, and my son’s name.

Igy

I’m calling BS on this. So someone used “Sally” as part of their username. That’s a pretty common name. I don’t know what your son’s name is, but I’m guessing you’re overreacting on that one too. Similarly in a thread such as this, you’re going to see some investment related companies mentioned.

Methinks your narcissism is getting the better of you. It’s not always about you.

I should care about what you think?

agip wrote:

Ghost of Igloi wrote:

or...

Hopefully by the time you are in your 50s and 60s you realize cherry picking time frames to prove a point is unwise

Someone doesn't understand the concept of cherry picking.

It is not cherry picking to have the end point the present day.

Nor is it cherry picking to review performance over the past 10 years, 20 years, 30 years, etc.

it's 20 year returns you'll use this year

next year you will use 21

then the year after that 22.

Always, you will pick 1999 as your starting point.

How do you know this/ It fits your narrative so therefore it is a fact?

Oops. Your bias is showing

Gruntz wrote:

Gotta love the irony of Igy lecturing agip on how to be a good financial advisor.

How is that irony?

Howz dat wrote:

Gruntz wrote:

Gotta love the irony of Igy lecturing agip on how to be a good financial advisor.

How is that irony?

?‍♂️