Ghost of Igloi wrote:
wondering wrote:
Igy, did you finally buy HSGFX?
Yes.
The Unkle wrote:
agip wrote:
because the economy is forecasted to grow at a pretty high rate of speed starting in 2Q21.
you say that the forecasts are wrong...but those forecasts are why stocks are doing well.
I mean people are going to start being vaccinated in 5 weeks.
meanwhile we have a growing economy, with companies having shed a lot of dead wood, interest rates at a low, the Fed has their back, the trade wars are likely over....good bullish stuff.
You don't know that stringent and long lasting lockdowns of businesses is coming and our economy will be in tatters in 2021?
How can you not?
Sally Vix wrote:
Ghost of Igloi wrote:
wondering wrote:
Igy, did you finally buy HSGFX?
Yes.
Igy - why would you buy a fund that has the lowest Morningstar rating, has a track record that is historically bad, and has an expense ratio of about 1.23%? You do understand that index funds beat the performance of actively managed funds by a large margin? Yes?
You lose Sally:
https://www.morningstar.com/funds/xnas/hsgfx/performance
Ghost of Igloi wrote:
Sally Vix wrote:
Ghost of Igloi wrote:
wondering wrote:
Igy, did you finally buy HSGFX?
Yes.
Igy - why would you buy a fund that has the lowest Morningstar rating, has a track record that is historically bad, and has an expense ratio of about 1.23%? You do understand that index funds beat the performance of actively managed funds by a large margin? Yes?
Because your index funds will be the absolute worst investment over the next ten years.
Ghost of Igloi wrote:
You lose Sally:
https://www.morningstar.com/funds/xnas/hsgfx/performance
I’ll just continue to remind you of your naivety.
Igy let's compare the Hussman Strategic Growth Fund to VTI (Vanguard total markete- a very popular index fund over the last 10 years or so ...
Hussman - EVERY YEAR Hussman has a negative return
2019
-18.86%0.45%
2018
8.78%-0.26%
2017
-12.72%2.37%
2016
-11.49%2.23%
2015
-8.40%-0.25%
2014
-8.50%0.76%
2013
-6.62%2.92%
2012
-12.62%0.18%
2011
1.64%-0.30%
2010
-3.62%-2.00%
2009
4.63%
VTI
2019
30.80%N/A
2018
-5.13%N/A
2017
21.16%N/A
2016
12.68%N/A
2015
0.40%-0.63%
2014
12.56%11.79%
2013
33.51%31.44%
2012
16.41%14.21%
2011
1.06%1.68%
2010
17.26%17.79%
2009
28.82%32.26%
Past history is not indicative of future performance.🤡
Ghost of Igloi wrote:
I’ll just continue to remind you of your naivety.
Ghost of Igloi wrote:
Past history is not indicative of future performance.🤡
agip wrote:
The Unkle wrote:
agip wrote:
because the economy is forecasted to grow at a pretty high rate of speed starting in 2Q21.
you say that the forecasts are wrong...but those forecasts are why stocks are doing well.
I mean people are going to start being vaccinated in 5 weeks.
meanwhile we have a growing economy, with companies having shed a lot of dead wood, interest rates at a low, the Fed has their back, the trade wars are likely over....good bullish stuff.
You don't know that stringent and long lasting lockdowns of businesses is coming and our economy will be in tatters in 2021?
How can you not?
because politicians don't believe there would be compliance with massive shutdowns.
take a gander at the wire houses' predictions for the 2021 economy. Your 'how could anyone think we aren't doomed' questions would be easily answered.
Ghost of Igloi wrote:
Because your index funds will be the absolute worst investment over the next ten years.
agip wrote:
The Unkle wrote:
agip wrote:
because the economy is forecasted to grow at a pretty high rate of speed starting in 2Q21.
you say that the forecasts are wrong...but those forecasts are why stocks are doing well.
I mean people are going to start being vaccinated in 5 weeks.
meanwhile we have a growing economy, with companies having shed a lot of dead wood, interest rates at a low, the Fed has their back, the trade wars are likely over....good bullish stuff.
You don't know that stringent and long lasting lockdowns of businesses is coming and our economy will be in tatters in 2021?
How can you not?
because politicians don't believe there would be compliance with massive shutdowns.
take a gander at the wire houses' predictions for the 2021 economy. Your 'how could anyone think we aren't doomed' questions would be easily answered.
Btw IMO R’a are a failure, notwithstanding their House performance. IMO T’s campaign sucked except for his personal energy, and the gift of RBG’s death.
When R really blew it was when they were in full control, after voters sent a strong message about Obama/Hillary. They REALLY blew that opportunity. D will not, if they get it, unless they succumb to in-fighting. I think the in-fighting will be fiscally smoothed over at the direct expense of the taxpayer, which is why I am working assiduously to reduce my US tax liability to zero—not only this year, but going forward. I used to be ok with it, but no longer. Someone else can pay now.
Also, money printing will further inflation when—not if—the printed money goes anywhere other than to bank reserves. Full D control will make this happen.
Contrarian Indicator alert wrote:
Ghost of Igloi wrote:
Because your index funds will be the absolute worst investment over the next ten years.
There’s your buy signal, folks.
Ghost of Igloi wrote:
Contrarian Indicator alert wrote:
Ghost of Igloi wrote:
Because your index funds will be the absolute worst investment over the next ten years.
There’s your buy signal, folks.
Remember HSGFX and XLE. This guy is big money.
What does everyone thing about bank stocks? Obviously with low interest rates profits are not looking great over the short to medium term, but many are still down pretty hard. Citigroup and Wells Fargo especially are two mega banks that are still down big time... Wells Fargo has a lot of issues, but it seems like the Fed isn't allowing big banks to fail, so it should survive and come back with time. If it does, a person could earn some pretty substantial profits... But of course there's speculation there.
I took a lot of profits recently when things shot up 15% in a day. Been wanting to get back to where the vast majority of my holdings are in S and P 500 index funds, but I'm still keeping several of my individual stocks and ETFs...
On top of all that, why the hell is the market near all time highs? Shouldn't we have a 10% correction or so? If you had a large sum of cash right now, would you wait to put it in or not?
