As one of the few retirees I will make a couple comments on my experience. If you want to travel I would do that as soon as you can since health can determine your ability to do that. Even if you live a moderate lifestyle, exercise, and eat well genetics or the roll of the dice can determine the trajectory of your health. I have found it is important to remain active, that includes household chores. In my working years I walked miles each day, that needs to be compensated for some way in retirement. It is important to have good medical coverage. In the last couple of years my wife and I have had medical expenses that at the wholesale level would cost close to $1 million. Our out of pocket expense have been under $10,000 the past four years. Our AARP low deductible medicare insurance plan run $388 a month for the two of us. We each have AARP prescription drug coverage at $35 each per month. We could perhaps go lower on the prescription drug coverage since we both require little in that regard currently, but future needs would be a concern. I am most surprised by the time spent seeing physicians, tests, and undergoing various procedures. None of this was at the front of our mind at age 65.
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For all the anti-hussmanites out there this is worth reading.
Brief article about a black swan fund. Explains the reasoning behind hedging against disaster.
It's basically a 'life insurance' argument: 'You most likely won't die in the next 10 years but if you do it would destroy your family. So spend a little on insurance, just in case.'
Most of Hussman's investors understand they will likely lose money in the fund, or at least trail the market by a significant margin. but if there is an economic trainwreck, the Hussman insurance policy should pay off.
It's a valid argument.
https://finance.yahoo.com/news/black-swan-manager-spitznagel-says-233855712.html
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agip wrote:
For all the anti-hussmanites out there this is worth reading.
Brief article about a black swan fund. Explains the reasoning behind hedging against disaster.
It's basically a 'life insurance' argument: 'You most likely won't die in the next 10 years but if you do it would destroy your family. So spend a little on insurance, just in case.'
Most of Hussman's investors understand they will likely lose money in the fund, or at least trail the market by a significant margin. but if there is an economic trainwreck, the Hussman insurance policy should pay off.
It's a valid argument.
https://finance.yahoo.com/news/black-swan-manager-spitznagel-says-233855712.htmlchoice quote:
Spitznagel said he doesn’t believe in trying to time the market. Instead, Universa tells clients to think of hedges not as a source of profit but rather as a kind of catastrophe insurance they should have at all times. With the knowledge that they’re protected in the event of a meltdown, those investors can, in theory, take risk without the need for traditional diversification in the form of Treasuries, gold or hedge funds, he said.
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agip wrote:
For all the anti-hussmanites out there this is worth reading.
Brief article about a black swan fund. Explains the reasoning behind hedging against disaster.
It's basically a 'life insurance' argument: 'You most likely won't die in the next 10 years but if you do it would destroy your family. So spend a little on insurance, just in case.'
Most of Hussman's investors understand they will likely lose money in the fund, or at least trail the market by a significant margin. but if there is an economic trainwreck, the Hussman insurance policy should pay off.
It's a valid argument.
https://finance.yahoo.com/news/black-swan-manager-spitznagel-says-233855712.htmlThe difference is that I don't pay life insurance premiums with the expectation that I'll make annual gains from it.
The Hussman thing is just a bear fund. There's dozens of bear funds with various leverage ratios out there that are probably better run and have lower fees.
Hussman is just the anti-ARKK. I wouldn't buy either when I can just buy the index ETF or anti-ETF and get more liquidity and less overhead.
How often do actively managed funds in either direction actually hit anyways
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Speaking of ARKK, it's up 11% in three trading days.
Risk ON, baby.
Starting to look like this was yet another early-earnings-season freakout that is resolving as earnings come in very strong. Again.
VIX 20.4...almost low already.
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Prof. Racket wrote:
agip wrote:
For all the anti-hussmanites out there this is worth reading.
Brief article about a black swan fund. Explains the reasoning behind hedging against disaster.
It's basically a 'life insurance' argument: 'You most likely won't die in the next 10 years but if you do it would destroy your family. So spend a little on insurance, just in case.'
Most of Hussman's investors understand they will likely lose money in the fund, or at least trail the market by a significant margin. but if there is an economic trainwreck, the Hussman insurance policy should pay off.
It's a valid argument.
https://finance.yahoo.com/news/black-swan-manager-spitznagel-says-233855712.htmlThe difference is that I don't pay life insurance premiums with the expectation that I'll make annual gains from it.
The Hussman thing is just a bear fund. There's dozens of bear funds with various leverage ratios out there that are probably better run and have lower fees.
Hussman is just the anti-ARKK. I wouldn't buy either when I can just buy the index ETF or anti-ETF and get more liquidity and less overhead.
How often do actively managed funds in either direction actually hit anyways
Hussman isn't really an anti-ARKK...The sales pitch is something like 'When the market is up the fund will likely lose less than the inverse return of the market , and when the market is down the fund will make more money than it loses in the other years.'
An 'anti-ARKK' would not lose a small amount when the market is up.
If Hussman were better at this, he'd break even when the market was up. that would be a better sales pitch.
And for pete's sake...having the world 'growth' in its title is pretty misleading.
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The wild rumpus is over😷
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agip wrote:
Prof. Racket wrote:
The difference is that I don't pay life insurance premiums with the expectation that I'll make annual gains from it.
The Hussman thing is just a bear fund. There's dozens of bear funds with various leverage ratios out there that are probably better run and have lower fees.
Hussman is just the anti-ARKK. I wouldn't buy either when I can just buy the index ETF or anti-ETF and get more liquidity and less overhead.
How often do actively managed funds in either direction actually hit anyways
Hussman isn't really an anti-ARKK...The sales pitch is something like 'When the market is up the fund will likely lose less than the inverse return of the market , and when the market is down the fund will make more money than it loses in the other years.'
An 'anti-ARKK' would not lose a small amount when the market is up.
If Hussman were better at this, he'd break even when the market was up. that would be a better sales pitch.
And for pete's sake...having the world 'growth' in its title is pretty misleading.
I think that is fair criticism. It is not a fund for a less sophisticated investor. You better understand his methodology and be willing to accept the consequences.
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Ghost of Igloi wrote:
The wild rumpus is over😷
There's the wild rumpus, and then there is the Wild Grumpus.
Not mentioning any names, but if the shoe fits, ....
Was the wild rumpus the bull market or the correction, btw?
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The Wild Grumpus will continue on his bear market crusade!
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seattle prattle wrote:
Ghost of Igloi wrote:The wild rumpus is over😷
There's the wild rumpus, and then there is the Wild Grumpus.Not mentioning any names, but if the shoe fits, ....Was the wild rumpus the bull market or the correction, btw?
Haha. “Not mentioning any names….”
That’s so Seattle talk. Very passive aggressive.
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Twostitch wrote:
seattle prattle wrote:
There's the wild rumpus, and then there is the Wild Grumpus.Not mentioning any names, but if the shoe fits, ....Was the wild rumpus the bull market or the correction, btw?
Haha. “Not mentioning any names….”
That’s so Seattle talk. Very passive aggressive.
You must forgive me, and I want to apologize in so far as I am learning the details of a nefarious plot of which I fear I am a victim.
I'm not a believer of right wing conspiracy theories, but given what I am learning, I don't know what else to believe.
Briefly, I am learning that Seattlites, including myself, are being force fed left wing liberal radio without choice. This has happened to me and I can only surmise it's effects, given that I was forced to listen to it as recently yesterday in my car, and the station I was forced to listen to, without my choice, is a notorious left-wind NPR station.
Here are the details, see link, and please be patient with me as I seek out some professional intervention therapy.
Simply said, I am not myself, and we have the left to blame for this.
link:
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agip wrote:
Speaking of ARKK, it's up 11% in three trading days.
Risk ON, baby.
Starting to look like this was yet another early-earnings-season freakout that is resolving as earnings come in very strong. Again.
VIX 20.4...almost low already.
Time to buy SARK again?
A 539k starter home just sold in my town. My friend is a realtor and his clients offered 590k and willing to go up to 600k. The seller's realtor told them not to bother, as they had over ten offers higher. It probably sold for 100k over.
There are now 5 houses for sale in my town. If your price range is below 700k then you basically get two options to choose from.
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Yes on SARK.
On housing, clearly bubble behavior, Of course one can believe there is always an exponential climb, which would be watered down by inflation in everything else.
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seattle prattle wrote:
Twostitch wrote:
Haha. “Not mentioning any names….”That’s so Seattle talk. Very passive aggressive.
You must forgive me, and I want to apologize in so far as I am learning the details of a nefarious plot of which I fear I am a victim.I'm not a believer of right wing conspiracy theories, but given what I am learning, I don't know what else to believe. Briefly, I am learning that Seattlites, including myself, are being force fed left wing liberal radio without choice. This has happened to me and I can only surmise it's effects, given that I was forced to listen to it as recently yesterday in my car, and the station I was forced to listen to, without my choice, is a notorious left-wind NPR station. Here are the details, see link, and please be patient with me as I seek out some professional intervention therapy. Simply said, I am not myself, and we have the left to blame for this.link:
https://www.kuow.org/stories/we-didn-t-mean-to-ruin-your-mazda-s-stereoHahaha that’s funny
I live in Pacific Northwest as well and constantly make what’s considered passive aggressive comments to east coasters all of the time.
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Twostitch wrote:
seattle prattle wrote:
You must forgive me, and I want to apologize in so far as I am learning the details of a nefarious plot of which I fear I am a victim.I'm not a believer of right wing conspiracy theories, but given what I am learning, I don't know what else to believe. Briefly, I am learning that Seattlites, including myself, are being force fed left wing liberal radio without choice. This has happened to me and I can only surmise it's effects, given that I was forced to listen to it as recently yesterday in my car, and the station I was forced to listen to, without my choice, is a notorious left-wind NPR station. Here are the details, see link, and please be patient with me as I seek out some professional intervention therapy. Simply said, I am not myself, and we have the left to blame for this.link:
https://www.kuow.org/stories/we-didn-t-mean-to-ruin-your-mazda-s-stereoHahaha that’s funny
I live in Pacific Northwest as well and constantly make what’s considered passive aggressive comments to east coasters all of the time.
Nice.
I like the PNW a lot, and that station is my favorite, btw. It was really odd, though, when I couldn't change the station. And yes, literally, one cannot change the station. They are looking for a patch they can release to remedy the problem.
It's the kind of thing that the conspiracy theorists would have a field day with, Too funny.
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DIsney up 9% after hours...here we go again
(cue up gente and his debbie downerish - yet accurate - talk about conference calls)
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Looks like Uber and Lyft got some big spikes upon earning announcement after market close as well.
Interesting you said that - I was on the verge of selling some Amazon after his dire take on their numbers. I didn't, and looks like their gains have been holding at least for now.
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Ghost of Igloi wrote:
None of this was at the front of our mind at age 65.
Sounds like you could have benefited from the services of a good financial planner.
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Seattle, I am in the middle of Step 2 of the 7 Step single rattan cane weave. Going well so far.
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