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Post by jongaltiii on Jul 25, 2021 22:21:14 GMT
roi2020 #4 and #5 especially actually… all 1-5 … +1000
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Post by paulr888 on Jul 25, 2021 22:29:00 GMT
roi .. traders also use fundamental analysis too. But the ones I see are dealing with individual securities. My participation meter on this topic has expired.
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Post by roi2020 on Jul 25, 2021 22:38:36 GMT
roi .. traders also use fundamental analysis too. But the ones I see are dealing with individual securities. My participation meter on this topic has expired. paulr888, Thank you for the correction!
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Post by jongaltiii on Jul 25, 2021 23:22:54 GMT
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Post by retiredat48 on Jul 26, 2021 4:30:41 GMT
Hi R48 .... Pyramid Up buying is not without risk. Suppose you wait for buying signal from stock market and you take some of your safe money and buy stocks and then the market goes down some more to test the bottom. A couple of cycles like this and you can get whipsawed and blow up your portfolio. R48 IN BOLD: I suspect you do not understand Pyramid Up investing. In the case you sight one ABSOLUTELY DOES NOT BUY MORE IF THE MARKET GOES DOWN...PERIOD. One buys in buckets and never buys more if any buy price is below the previous one...no ifs, ands or buts.
If you do nothing, your equities will eventually recover. The stock buying will juice your returns over the do nothing approach but you have to weigh the risk of extra returns vs blowing up your portfolio. If you Pyramid Up while employed and make mistake your paycheck can help correct mistakes. In retirement, there is no correction help if you make a blunder. R48 reply: Look, it's in the math. The following is the case 100% of the time: If anything becomes a down market "blowing up" a portfolio, then:
--Dollar cost averaging always beats lump sum buys.
--Pyramid Up investing beats both lump sum and DCA...always.
Of course, in up markets, Lump Sum will beat Pyr Up. But the purpose of Pyr Up is both PROTECTION (giving up slight gains for a downside insurance policy)...and to enable one to pull the trigger...the behavioral part of investing.
R48
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Post by paulr888 on Jul 26, 2021 5:47:12 GMT
R48 ... Thanks for the additional information which is helpful. You are obviously comfortable implementing this strategy after the fit hits the shan and the first sign of a recovery. However, I am not.
In a rising market, when my targets get too high I re-balance and/or scrape off profits.
In a declining market, like March 2020, I get anxious and worried. Buying into a declining market (or even at the first sign of a recovery) is hard and unsettling for me. I understand you don't buy in a declining market. But who knows how long the decline will last. We got lucky last year in that the market recovered quickly. What if we get another 2007-2009? I am a dedicated bucketeer with an ample bucket 1 of bond OEFs and a 4% portfolio yield that I can live off and not do anything. I can try to relax and ignore the market and focus on my golf game. And not wait for the unknown rebound to buy first bucket back and so on and so on. Just a lot more work that I don't have to do. If I have a choice of doing work or not doing work, I pick the latter. Besides, the whole raison d'etre of being bucketized is to buy me time for natural market rebound and not force me to act. Why shouldn't I take advantage of it instead of trying to do something to muck it up? If it isn't broke, don't fix it.
As a retired person, I want a solid portfolio AA and IPS that tells me what to do. I feel comfortable with that. I am uncomfortable relying on your Pyr Up.
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Post by Karen on Jul 26, 2021 12:38:13 GMT
* If you want to be a trader then be a trader and be sure it has been working for you for years for real, just be honest with yourself. Nowhere in the above I recommended anybody to be a trader. For years, I posted hundreds of times that most investors should know their goals and risk tolerance, find the proper asset allocation and hardly trade. My retired/disabled husband with decades of real world experience in the investment business wants to know: Is that because you have proven that even a self-proclaimed "great trader" like yourself STILL significantly underperforms a dummy investor who invests 100% in a Total Stock Market Index fund?
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Post by Norbert on Jul 26, 2021 13:37:03 GMT
Hi R48 .... Pyramid Up buying is not without risk. Suppose you wait for buying signal from stock market and you take some of your safe money and buy stocks and then the market goes down some more to test the bottom. A couple of cycles like this and you can get whipsawed and blow up your portfolio. R48 IN BOLD: I suspect you do not understand Pyramid Up investing. In the case you sight one ABSOLUTELY DOES NOT BUY MORE IF THE MARKET GOES DOWN...PERIOD. One buys in buckets and never buys more if any buy price is below the previous one...no ifs, ands or buts.
If you do nothing, your equities will eventually recover. The stock buying will juice your returns over the do nothing approach but you have to weigh the risk of extra returns vs blowing up your portfolio. If you Pyramid Up while employed and make mistake your paycheck can help correct mistakes. In retirement, there is no correction help if you make a blunder. R48 reply: Look, it's in the math. The following is the case 100% of the time: If anything becomes a down market "blowing up" a portfolio, then:
--Dollar cost averaging always beats lump sum buys.
--Pyramid Up investing beats both lump sum and DCA...always.
Of course, in up markets, Lump Sum will beat Pyr Up. But the purpose of Pyr Up is both PROTECTION (giving up slight gains for a downside insurance policy)...and to enable one to pull the trigger...the behavioral part of investing.
R48
I don't agree that PyrUp offers "protection". There's zero guarantee that prices can't decline below my purchase prices in the future. And the higher my average cost, the bigger my loss will be. I fundamentally don't understand why it makes sense only to buy at higher prices. If there's a stock or fund I want to own, I should be delighted if the price crashes ... like in March 2020 ... and I can buy it cheap. "Buy when others are fearful." (Rousseau)
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Post by paulr888 on Jul 26, 2021 14:47:02 GMT
Norbert ... I see some practical application. My biggest investing blunder was buying the stock of a company I worked for. I drank the kool aid that the stock may be worth $500 a share someday. I bought some at a certain price and when it went down I bought more. Hey, if I believed in it at $X it is a great buy at <$X. Company stock eventually went to zero and Ch 11. So, I would have been spared the pain if I followed Pyr Up. Pyr Up avoids the value trap. This example was during my working accumulation stage where I was greedy and wanted to hit a home run and Pyr Up would have protected me from myself.
Now in retirement, I am more conservative and willing to accepts singles and doubles. My older self is not inclined to make my younger self mistakes. Compound this with the distinction there is a stock market and a market of stocks. Using Pyr Up in retirement means I would not only have to follow the stock market but also the pricing on my individual holdings. Way too much work and complication for my retired mind. IN BUCKETS I TRUST. A much simpler, more serene life for me if done properly.
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Post by Norbert on Jul 26, 2021 17:07:28 GMT
Paul,
That makes sense. PyrUp helps us avoid disaster with really bad trade ideas. I guess that's something.
N.
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Post by anitya on Jul 26, 2021 17:08:07 GMT
I have not been following this thread lately but as I scroll through Recent Posts, I see a lot of discussion about methods of buying to succeed in investing. That is OK for investing in broad indices like SPY or now QQQ. Most posters also allocate sizable portions of their ports to active OEFs. Success in those (and individual stocks) may also require methods / timing of selling which is hardly ever discussed at length than the occasional lip service. May be at some point you guys would not mind discussing / sharing your secrets in selling.
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Post by rhythmmethod on Jul 26, 2021 17:26:07 GMT
I have not been following this thread lately but as I scroll through Recent Posts, I see a lot of discussion about methods of buying to succeed in investing. That is OK for investing in broad indices like SPY or now QQQ. Most posters also allocate sizable portions of their ports to active OEFs. Success in those (and individual stocks) may also require methods / timing of selling which is hardly ever discussed at length than the occasional lip service. May be at some point you guys would not mind discussing / sharing your secrets in selling. When I'm buying a position in a "forever hold" OEF such as VWIAX, FMSDX, VGWAX, PRWAX, etc I'm counting on the manager(s) to rebalance, trade, etc. In those instances I usually just buy it initially because I want to own it. Subsequent purchases I do try to buy the dips because if I know I want to own something, I want to buy it as cheaply as possible. Of course conditions may change and my "forever hold" may not perform as I expect/hope. In those cases I'll be buying/trading to a similar type of OEF. I'll also rebalance an OEF for a less risky OEF if I think it has gone too far too fast or my personal circumstances prefer less risk. I'll also go the other direction in a downturn and sell a loser to buy a worse loser (as pony would say). If I were trading CEFs and/or ETFs I might PyrUp, but frankly, while I can appreciate some benefit, it seems counter-intuitive to me. In theory I try not to sell, just accumulate and trim. But like MATFX, for example that I did sell, I just didn't want the hassle of China drama currently. However if BABA keeps falling...
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Post by ignatz on Jul 26, 2021 17:33:31 GMT
................ methods / timing of selling which is hardly ever discussed at length than the occasional lip service. May be at some point you guys would not mind discussing / sharing your secrets in selling. I'd agree and have asked for selling details on several occasions. "Exit strategies" if you will.
To little avail. All I get is generalities re signals, opinions, "when the market tells me", etc. Nothing specific. Lip service as you say.
There's 3 broad possiblities:
1: sell in anticipation of a decline. Before the fact.
2: sell following a decline of some degree. After the fact.
3: don't sell, ride out all declines.
I assume the lack of details on this critical topic is either because it's uncomfortable to think about or because no one wants to spell out a strategy only to be proven wrong at a later date.
Historically....I haven't sold in anticipation, but am unfortunately subject to emotion during declines. Sometimes I've ridden it out, sometimes I've even bought during declines...with varying degrees of success. None of it disciplined enough to be called a "strategy".
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Post by paulr888 on Jul 26, 2021 18:22:30 GMT
In retirement, I am doing things a little different than during my working years. I keep track of all my investments on a 1 page Excel spreadsheet. Bucket 1, Bucket 2 and Bucket 3 investments are identified. I have target % allocations for everything. During good markets, I will rebalance as I like to keep to tight %s. So this sheet tells me what I should trim and what I should increase, i.e., covers my selling and buying decisions. During market corrections, I do not rebalance, I just wait for market recovery. It helps that my portfolio is generating 4% yield that covers my gap expenses. And I have about 10 years of gap expenses socked away into Bucket 1 bond OEFs in case of Armageddon and all my distributions dry up I can sell my bond OEFs to help meet expenses.
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Post by richardsok on Jul 26, 2021 18:32:44 GMT
Respectfully ignatz, I have posted such comments many times. I regard selling discipline at least as important as "when to buy".
The discipline works best on assets with low volatility chart patterns, but they do work with a relative high probability of success. The trade indicators are neither vague nor rocket science. They are simple to observe & follow for anyone with the will and self-discipline to effect them consistently.
Every major position you own should be readily accessible on a three month "mountain" chart. Overlay that with the PARABOLIC SAR indicator. You own only assets the P-SAR shows as bullish. When the indicator moves to bearish, you sell at once and avoid it so long as the signal remains bearish. You disregard and distrust your opinions, hunches, judgment, or anything you read. You follow the signal, not some narrative..
If your asset is too volatile or if you feel you may be trading too much, use the P-SAR on a six-month or even a one year chart.
Net effect; you let your winners run, your losers are cut early, and your emotions are never part of the mix.
There are other specific trading signals you can use: the MACD historigram, the RSI, moving average crossovers, to name a couple. I haven't described anything new, but you asked for specifics and I provided.
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Post by anitya on Jul 26, 2021 18:38:29 GMT
Paul, That makes sense. PyrUp helps us avoid disaster with really bad trade ideas. I guess that's something. N. So, I guess this provides some discipline in speculative / less diversified buys? Well, we also need some sell discipline after speculative / less diversified buys. Paul’s company stock investment demonstrates the importance of this nicely. Without the sell discipline, one might at best lose the first bucket (tranche) entirely but if it can be avoided, why not.
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Post by uncleharley on Jul 26, 2021 19:16:11 GMT
I use the fundamentals to determine what charts to look at. Then I use charts & chart patterns of various durations to alert me to what may be a buying or selling opportunity. The primary indicators I use are price & volume. The trends in those 2 indicators are of primary importance because all or nearly all technical indicators are derivatives of price and/or volume. You have to understand what that indicator is made up of if you want to understand what it is telling you. That being said I rely heavily on moving averages of both price & volume. I also rely heavily on RSI & MACD & Bollinger Band width as well as the Accumulation/Distribution indicator for buy or sell alerts. I also use the correlation tool on Stockcharts to alert me to something that may be out of step. I do not rely on one indicator or system for a buy or sell decision. When I get an alert I confirm that signal with another method or indicator. I may even give consideration to whatever fundamentals that may have changed. I have found that there is no single method or system that works all the time on everything. Confirmation of an alert is of huge importance.
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Post by ignatz on Jul 26, 2021 19:27:02 GMT
Overlay that with the PARABOLIC SAR indicator. You own only assets the P-SAR shows as bullish. When the indicator moves to bearish, you sell at once and avoid it so long as the signal remains bearish. You disregard and distrust your opinions, hunches, judgment, or anything you read. You follow the signal, not some narrative.. Thanks for that tip, Richard. I can't recall hearing about PSAR before.
I've looked around for the last 45 minutes. Info I found says it works OK for longer term clear uptrends or clear downtrends, but can be whiplashy for sideways markets...which I guess is normal for any indicator.
I found this chart for the SP for 2021. Looks like 10 round trip trades using default settings (.02). Round trip roughly every 3 weeks.
Also read it's best used with some other tool as confirmation...like the 200 EMA.
Do you have a link to any site showing PSAR results versus buy and hold for a common asset like SP over say a decade? It's probably out there, but my fumbling hasn't found it yet.
I'm not a trader, but am just looking to get the most of major trends with few whiplashes. Emphasis on avoiding losses. Several years ago, I did a lot of backtesting of the 200 MA and of course ran into the whiplash issue...enough to render it dubious at best.
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Post by retiredat48 on Jul 26, 2021 20:03:43 GMT
R48 ... Thanks for the additional information which is helpful. You are obviously comfortable implementing this strategy after the fit hits the shan and the first sign of a recovery. However, I am not. In a rising market, when my targets get too high I re-balance and/or scrape off profits. R48 in bold…Pyr up is a buy-in strategy. It gives assurance that after last bucket buy, you are in a gain position, and can thus think straight. But from then on, your personal investing style is operative. So if you eventually rebalance, have at it.In a declining market, like March 2020, I get anxious and worried. Buying into a declining market (or even at the first sign of a recovery) is hard and unsettling for me. I understand you don't buy in a declining market. But who knows how long the decline will last. We got lucky last year in that the market recovered quickly. What if we get another 2007-2009? So what? Doesn’t matter how long…so let’s take 2020 bear. You make a bucket buy on what appears to be more than a one day rebound. If the market reverses, you buy no more. If the market goes up, and your fund did also, you buy more…continue till full buy in achieved…at likely a 10 to 15 percent gain.am a dedicated bucketeer with an ample bucket 1 of bond OEFs and a 4% portfolio yield that I can live off and not do anything. I can try to relax and ignore the market and focus on my golf game. And not wait for the unknown rebound to buy first bucket back and so on and so on. Just a lot more work that I don't have to do. If I have a choice of doing work or not doing work, I pick the latter. Besides, the whole raison d'etre of being bucketized is to buy me time for natural market rebound and not force me to act. Why shouldn't I take advantage of it instead of trying to do something to muck it up? If it isn't broke, don't fix it. As a retired person, I want a solid portfolio AA and IPS that tells me what to do. I feel comfortable with that. I am uncomfortable relying on your Pyr Up. So can investors buy a fund today with market hitting new highs? Many cannot. I feel comfortable buying at any time, under any market conditions, using pyr up. Like, I posted all trades of buying pot stock etf, mj, day after Biden elected, at bucket prices of $12/share…then 13, then 14, then 15, then $16/share. I plan to hold a long time.
r48 in bold
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Post by FD1000 on Jul 26, 2021 20:13:49 GMT
R48: --Pyramid Up investing beats both lump sum and DCA...always. FD: I'm not sure at all. Suppose we start investing in 02/2020. You decided to implement buying VFINX(SPY) in 3 buckets. You bought your first bucket at 2/20(top in the first 3 months), the other 2 buckets you bought on 08/2020 when the price was higher by 2-3% each time. I bought 100% in 2/20. I will always be ahead. If you used 4-5 buckets, your situation would be worseSee chart below. Attachments:
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Post by Deleted on Jul 26, 2021 20:13:53 GMT
I was listening to BlackStone Founder's autobiography a year or so back, He clearly said do not buy in declining market on way down. But buy after market has moved up 10% from bottom. It is ok to let go of first 10% of gains.
I believe he was talking of recessions and not twice a year corrections.
I have two friends who bought financials on the way down in 2008, I guess I do not need to say how they fared. One of them is still scared to invest.
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Post by retiredat48 on Jul 26, 2021 20:13:56 GMT
Norbert ... I see some practical application. My biggest investing blunder was buying the stock of a company I worked for. I drank the kool aid that the stock may be worth $500 a share someday. I bought some at a certain price and when it went down I bought more. Hey, if I believed in it at $X it is a great buy at <$X. Company stock eventually went to zero and Ch 11. So, I would have been spared the pain if I followed Pyr Up. Pyr Up avoids the value trap. This example was during my working accumulation stage where I was greedy and wanted to hit a home run and Pyr Up would have protected me from myself. R48 in bold...indeed.Now in retirement, I am more conservative and willing to accepts singles and doubles. My older self is not inclined to make my younger self mistakes. Compound this with the distinction there is a stock market and a market of stocks. Using Pyr Up in retirement means I would not only have to follow the stock market but also the pricing on my individual holdings. Way too much work and complication for my retired mind. IN BUCKETS I TRUST. A much simpler, more serene life for me if done properly. You are making this much harder than needs to be. I make about two strategic buys or sells a year. And with Pyr Up I am often making same day sells of a fund, using bucket proceeds to buy another fund, Pyramiding Up. What's the big deal. Many investors do this.
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Post by FD1000 on Jul 26, 2021 20:22:16 GMT
I was listening to BlackStone Founder's autobiography a year or so back, He clearly said do not buy in declining market on way down. But buy after market has moved up 10% from bottom. It is ok to let go of first 10% of gains. I believe he was talking of recessions and not twice a year corrections. I have two friends who bought financials on the way down in 2008, I guess I do not need to say how they fared. I do 2 things: 1) Sell: Each fund I own has max lose. In markets with high risk (2018,2020), I sold earlier. 2) BUY: I wait until I see a clear momentum and the price clears the 50-100 moving average. Since I start doing in 2103 my biggest losses were...2013 about 3-4%...2018 0.9%...2020 none.
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Post by retiredat48 on Jul 26, 2021 20:36:44 GMT
Norbert posted…don't agree that PyrUp offers "protection". There's zero guarantee that prices can't decline below my purchase prices in the future. And the higher my average cost, the bigger my loss will be.
R48 reply...Pyrup is a buyin technique…once you are in, your personal investing style takes over.
I fundamentally don't understand why it makes sense only to buy at higher prices. If there's a stock or fund I want to own, I should be delighted if the price crashes ... like in March 2020 ... and I can buy it cheap.
Well tell it to Capecod who never averages down (always pup), always buys in buckets, and has posted the following re averaging down:
Here is Capecod in his own words: ---------------------------------------------------- --I will add FI CEFs when stuff has bottomed and is starting up. Regards, Dick
--Phrog, you're a good guy. Don't fall into the feelgood "unrealized loss isn't a loss" nonsense. It's killed even more nice young traders than averaging down! Regards, Dick
-- Capecod, in his own words: 1/8/2013: Dollar cost averaging is the advice provided to retail investors by institutional traders whose First Iron Law of Survival is: NEVER ADD TO LOSERS.
Post #3151468 With global swap spreads blowing out a bit, I'm not buying anything back until it is going up. More fine young traders died averaging down than ......(pick your own rude close!).
Regards, Dick Post #3689344 ...Agree....too many friends suffering with MLPs to be humorous, but these need to stop going down first, bounce then retest lows, and finally start up in earnest before I'll play (if then). Regards, Dick --------------------------------------------------------
And you would be completely ignoring the vast majority of active mutual fund managers, who average-up into their winning stocks...and curtail losers.
Good day.
R48
"Buy when others are fearful." (Rousseau)
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Post by paulr888 on Jul 26, 2021 20:37:45 GMT
R48 .... I am not concerned or talking about now when markets have been kind to us. I am thinking about when we get a major correction and the market loses up to 50%. In that case, I am not going to be watching and deciding when to Pyr Up. I am going to be doing nothing but hunkering down and waiting for the market to recover, whether 1 year or several years. That is the luxery I have as a believer in being properly bucketized.
For clarity, you might want to characterize your buying as tranches instead of buckets as more people follow true buckets of money portfolio construction.
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Post by retiredat48 on Jul 26, 2021 20:47:36 GMT
................ methods / timing of selling which is hardly ever discussed at length than the occasional lip service. May be at some point you guys would not mind discussing / sharing your secrets in selling. I'd agree and have asked for selling details on several occasions. "Exit strategies" if you will.
To little avail. All I get is generalities re signals, opinions, "when the market tells me", etc. Nothing specific. Lip service as you say.
There's 3 broad possiblities:
1: sell in anticipation of a decline. Before the fact.
2: sell following a decline of some degree. After the fact.
3: don't sell, ride out all declines.
I assume the lack of details on this critical topic is either because it's uncomfortable to think about or because no one wants to spell out a strategy only to be proven wrong at a later date.
Historically....I haven't sold in anticipation, but am unfortunately subject to emotion during declines. Sometimes I've ridden it out, sometimes I've even bought during declines...with varying degrees of success. None of it disciplined enough to be called a "strategy".
OK ignatz...I will provide my selling strategy, but not while pyr up discussion going on...gets confusing. Note we have not even discussed what Pyramid Up investing is, on this thread...yet lot's of comments! BTW I have provided such selling strategy often over the last 15 years, but I am now semi-retired from posting. Like, I don't now offer the "proof" of Pyr Up investing or several other techniques such as momentum investing...but will answer questions, clarify techniques, and provide links to reference where these proofs from the past exist R48
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Post by FD1000 on Jul 26, 2021 21:00:19 GMT
Norbert posted…don't agree that PyrUp offers "protection". There's zero guarantee that prices can't decline below my purchase prices in the future. And the higher my average cost, the bigger my loss will be. R48 reply...Pyrup is a buyin technique…once you are in, your personal investing style takes over.I fundamentally don't understand why it makes sense only to buy at higher prices. If there's a stock or fund I want to own, I should be delighted if the price crashes ... like in March 2020 ... and I can buy it cheap. Well tell it to Capecod who never averages down (always pup), always buys in buckets, and has posted the following re averaging down:
Here is Capecod in his own words: ---------------------------------------------------- --I will add FI CEFs when stuff has bottomed and is starting up. Regards, Dick
--Phrog, you're a good guy. Don't fall into the feelgood "unrealized loss isn't a loss" nonsense. It's killed even more nice young traders than averaging down! Regards, Dick
-- Capecod, in his own words: 1/8/2013: Dollar cost averaging is the advice provided to retail investors by institutional traders whose First Iron Law of Survival is: NEVER ADD TO LOSERS.
Post #3151468 With global swap spreads blowing out a bit, I'm not buying anything back until it is going up. More fine young traders died averaging down than ......(pick your own rude close!).
Regards, Dick Post #3689344 ...Agree....too many friends suffering with MLPs to be humorous, but these need to stop going down first, bounce then retest lows, and finally start up in earnest before I'll play (if then). Regards, Dick --------------------------------------------------------
And you would be completely ignoring the vast majority of active mutual fund managers, who average-up into their winning stocks...and curtail losers.
Good day.
R48"Buy when others are fearful." (Rousseau) R48, with all do respect. Dick is a different trader. When Dick sells to cash, such as 2020, he could be in 50+% Dick doesn't hold CEFs for decades, most not even years because 1) he switches to better funds and/or change the % in each drastically 2) many times he can trade 10-20% very quickly 3) he may be at 20-30-40% cash. 4) he usually owns up to 10 bigger % funds You claimed you hold funds for decades. You own many more funds than 10. When you trade, how much each time? 1-2% of your total portfolio? When was the last time you have cash at 30+%? Sorry, there is a big difference.
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Post by FD1000 on Jul 26, 2021 21:50:51 GMT
Observations:1) US large cap stocks continue to be the easiest place to be invested. 2) Emerging market and especially China are way behind. EEM top was in 02/2021 and after today performance is near zero for YTD. BTW, all Matthews funds that invest in China or Emerging markets and are not SC lag badly. See attachment. 3) Europe(VGK) is not bad, but still lags the SP500 by about 5%. 4) We closed at a new-high today. So, since 2009, diversification was not a good idea. If you were diversified, your portfolio had lower performance + higher volatility than the SP500. It should reverse...but when? Attachments:
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Post by paulr888 on Jul 27, 2021 0:20:42 GMT
FD .... OMG ... When I read "with all due respect" and "Sorry", I had to rub my eyes. Is this the real FD? lol sorry just teasing you .... I agree with your comments and gave you a kudo, probably first from me. Another point about Dick is when he sells and holds cash it seems his crystal ball can have a cloudy day. I would guess half the time he is correct and re-enters bondish CEF land at lower prices and half the time not.
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Post by fishingrod on Jul 27, 2021 2:48:02 GMT
My....my,my,my,my,
People need to learn to be modest here, no need for such animosity.
Nobody is as good as they portend to be.
Except for me.
Fishingrod
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