Down goes the Dow

They will continue buying agency MBS’s, etc.

No kidding.

They are buying $120B per month...FOR NOW...of mbs and t’s

Yes, you will be able to pay more for a house, but guess what? So will everyone else, so prices go up, and you can still only afford the same house you could afford before, but more money goes into the pockets of the seller.

If low interest rates are a reason to inflate the stock market, logic says the same for home prices. In fact that has been what is happening. Works fine as long as the trajectory is always higher. Or, as in 2009 you have a big fat mortgage, but your house becomes worth 30% less.

That John Hussmann, what a card... :-)

VS-SJW-IR-TS idiot wrote:

That John Hussmann, what a card... :-)

He’s an epic moron and so is anyone who takes investment advice from him.

Just took my stock exposure to 59% - that's the lowest ever for me.

Which is not crazy since I've never been this old before , but feels significant.

I'd just rather have a quieter portfolio right now. Even if it may cost me money.

Although I have some tech funds, which is increasing the volatility of my portfolio...I might sell some of those and put the money in more generic indices.

Am also building a larger position in emerging markets. I just can't believe we'll have another decade of underperformance from those young, fast growing nations. I dont' know what will change, but the odds are that they won't underperform for 20 years. I want to be there when the tide changes.

9/3/2020

Ghost of Igloi wrote:

Maserati,

I actually think agip should bookmark the last week of posts. Especially the Bummbell model portfolio.

Igy

Ghost of Igloi wrote:

9/3/2020

Ghost of Igloi wrote:

Maserati,

I actually think agip should bookmark the last week of posts. Especially the Bummbell model portfolio.

Igy

That I'm up close to 100% for the year? That at worst case scenario, I will still have more than your CD portfolio bc of my bond holdings?

I don't know how dumb you have to be to keep attacking my portfolio when I have stated many many many times of my high bond holdings that I am fine either if market goes up or down.

I won. You lost. I welcome more downturn. I am well prepared.

Any down day, sky is falling for you.

I hope I don't have to repeat again about my bond holdings, but I doubt it as your financial illiteracy is beyond sad. What financial advisor is so bad with their money that they have to work in their 70s?

Bummbull wrote:

Ghost of Igloi wrote:

9/3/2020

That I'm up close to 100% for the year? That at worst case scenario, I will still have more than your CD portfolio bc of my bond holdings?

I don't know how dumb you have to be to keep attacking my portfolio when I have stated many many many times of my high bond holdings that I am fine either if market goes up or down.

I won. You lost. I welcome more downturn. I am well prepared.

Any down day, sky is falling for you.

I hope I don't have to repeat again about my bond holdings, but I doubt it as your financial illiteracy is beyond sad. What financial advisor is so bad with their money that they have to work in their 70s?

One who follows the investing philosophy of John Hussman.

agip wrote:

Just took my stock exposure to 59% - that's the lowest ever for me.

Which is not crazy since I've never been this old before , but feels significant.

I'd just rather have a quieter portfolio right now. Even if it may cost me money.

Although I have some tech funds, which is increasing the volatility of my portfolio...I might sell some of those and put the money in more generic indices.

Am also building a larger position in emerging markets. I just can't believe we'll have another decade of underperformance from those young, fast growing nations. I dont' know what will change, but the odds are that they won't underperform for 20 years. I want to be there when the tide changes.

What do you go into for emerging markets?

Bummbull wrote:

Ghost of Igloi wrote:

9/3/2020

That I'm up close to 100% for the year? That at worst case scenario, I will still have more than your CD portfolio bc of my bond holdings?

I don't know how dumb you have to be to keep attacking my portfolio when I have stated many many many times of my high bond holdings that I am fine either if market goes up or down.

I won. You lost. I welcome more downturn. I am well prepared.

Any down day, sky is falling for you.

I hope I don't have to repeat again about my bond holdings, but I doubt it as your financial illiteracy is beyond sad. What financial advisor is so bad with their money that they have to work in their 70s?

Bummbell,

How about my car? You missed that.

Financial literacy would not recommend your portfolio. I found it stunning. You may want to re-visit my comment that you are leveraged; work for AMZN, company 401k match in AMZN stock, then own triple leveraged tech ETFs. As if it is a smart thing to do.

A couple of comments, when I was your age I was a Division I head track coach at the University of Texas-Rio Grande Valley. You chose to work at AMZN. It was not like God ordained you to be lucky in investments, or wealthy.

In regards to my financial advisor career, my partner and I manage $160 million. We deal with millionaires all the time. Some have personalities like your CEO, others are the kindest and most humble people you could meet. The same contrast can be found in clients with no more than a couple of nickels to rub together. Money does not define a person unless you want it to.

My career as a financial advisor ends October 1st. I will have to suffer driving my Porsche Cayman well into my 80s. The good thing is, I am still flexible enough to get in and out of it. I hope you are able to do the same at my age, young whipper snapper.

Igy

Ghost of Igloi wrote:

Money does not define a person unless you want it to.

Igy

So says the status seeker who is up to his ears in debt so that he can own a Porsche and a home on a golf course (and he doesn’t even play golf).

Go Pats!

Swaglord_the_real_one_1_1 wrote:

agip wrote:

Just took my stock exposure to 59% - that's the lowest ever for me.

Which is not crazy since I've never been this old before , but feels significant.

I'd just rather have a quieter portfolio right now. Even if it may cost me money.

Although I have some tech funds, which is increasing the volatility of my portfolio...I might sell some of those and put the money in more generic indices.

Am also building a larger position in emerging markets. I just can't believe we'll have another decade of underperformance from those young, fast growing nations. I dont' know what will change, but the odds are that they won't underperform for 20 years. I want to be there when the tide changes.

What do you go into for emerging markets?

I'm a plain vanilla investor - the cheapest, most generic ETFs get my money.

In emerging markets I use SCHE and VWO.

agip wrote:

Swaglord_the_real_one_1_1 wrote:

What do you go into for emerging markets?

I'm a plain vanilla investor - the cheapest, most generic ETFs get my money.

In emerging markets I use SCHE and VWO.

except for my 51 shares of Crocs, which are up 10% in the month since I bought them.

And no one. No one. Gives me any credit for.

I also bought 1 share of Amazon on March 18, 2020. That one's up 65%.

Do you keep forgetting about my high bond holdings?

Sure, it's so stunning to be leveraged when I was younger with very little asset to be working for Amazon, getting AMZN shares, and 401K match from Amazon. I never thought it's stunning to take risks at that time of my life. Actually, I didn't feel like a huge risk because I live so frugally and live way below my means. So, yes, I did take a risk of holding a lot of AMZN shares that I bought at around $350/share.

But now that my portfolio has gotten bigger, I have allocated a lot into bonds. So, you see, I have already collected some of my winnings and even if Amazon turns out to be the next Enron, I will be fine. Just fine.

Financial literacy would not recommend anyone to be taking your advice. What kind of financial advisor would continue to cherry pick some dates like end of March and say that their portfolio did so much better than the benchmark. When that is literally the only date that it did well. yea, if all of your clients only care about is asset preservation, then maybe. But that is even risky of continuously underperforming against the benchmark.

I don't get your point about coaching during my age. I never stated that I'm some genius in investing, but I took advantage of opportunities that's presented for financial gains. You're the one who continuously attack anyone's portfolio that's actually seen gains. You have continuously made wrong predictions over and over again. It's quite sad actually.

[quote]agip wrote:

Just took my stock exposure to 59% - that's the lowest ever for me.

Which is not crazy since I've never been this old before , but feels significant.

I am at 15% in equities.

All Tesla.

David Wowie wrote:

[quote]agip wrote:

Just took my stock exposure to 59% - that's the lowest ever for me.

Which is not crazy since I've never been this old before , but feels significant.

I am at 15% in equities.

All Tesla.

heh that's ah not a statistically probable success.

But it's working today, that's for sure.