Down goes the Dow

Prof. Racket wrote:

Sally Vixxxxxxxxens wrote:

So NOW you are saying you typically use actively managed funds? That makes it even more unbelievable of your claim. Index funds routinely beat actively managed funds. In fact, 86% of actively managed funds over the last 20 years underperformed versus the S&P Composite 1500 index, which comprises 90% of all U.S. publicly traded companies. So not only are you saying your portfolio which includes actively managed funds beat the market over the last 33 years but you are saying that it beat the market EVERY YEAR but 1 over the last 33 years. Beyond ridiculous.

Even I agree with Sally here. I was about to say this would be next to impossible with passive funds over 33 years, but actively managed funds? No way. In fact this is a great exercise in forensic accounting because such a return rate is effectively statistically impossible and basically how Ponzi schemes or mob slush/money laundering funds are uncovered.

Prof. Racket wrote:

Sally Vixxxxxxxxens wrote:

So NOW you are saying you typically use actively managed funds? That makes it even more unbelievable of your claim. Index funds routinely beat actively managed funds. In fact, 86% of actively managed funds over the last 20 years underperformed versus the S&P Composite 1500 index, which comprises 90% of all U.S. publicly traded companies. So not only are you saying your portfolio which includes actively managed funds beat the market over the last 33 years but you are saying that it beat the market EVERY YEAR but 1 over the last 33 years. Beyond ridiculous.

Even I agree with Sally here. I was about to say this would be next to impossible with passive funds over 33 years, but actively managed funds? No way. In fact this is a great exercise in forensic accounting because such a return rate is effectively statistically impossible and basically how Ponzi schemes or mob slush/money laundering funds are uncovered.

Prof. Racket wrote:

Sally Vixxxxxxxxens wrote:

So NOW you are saying you typically use actively managed funds? That makes it even more unbelievable of your claim. Index funds routinely beat actively managed funds. In fact, 86% of actively managed funds over the last 20 years underperformed versus the S&P Composite 1500 index, which comprises 90% of all U.S. publicly traded companies. So not only are you saying your portfolio which includes actively managed funds beat the market over the last 33 years but you are saying that it beat the market EVERY YEAR but 1 over the last 33 years. Beyond ridiculous.

Even I agree with Sally here. I was about to say this would be next to impossible with passive funds over 33 years, but actively managed funds? No way. In fact this is a great exercise in forensic accounting because such a return rate is effectively statistically impossible and basically how Ponzi schemes or mob slush/money laundering funds are uncovered.

Flagpole wrote:

Ghost of Igloi wrote:

1) If being against a serial liar President who was impeached twice for egregious behavior and who tried to overthrow a fair election is having a "Trump hard on", then ok. Not a term I use, but whatever.

2) You are beyond nuts to say Biden's Administration is one of the worst. Trump had NEGATIVE job growth during his time in office...meaning that there were fewer US jobs when he left office than when he started (yes, primarily caused by the pandemic, but his stupid tariffs didn't help). Nice. Biden's first year in office brought in more jobs than any other President's first year in office...6.6 MILLION jobs in his first 12 months, by far the best performance in a President's firs year. We also have what is considered to be full employment following the high unemployment and RECESSION Trump left us with. Salaries are up, there's a job for anyone who wants one. Inflation is high. To be expected as a result of pent-up non spending during the pandemic and supply chain issues also caused by the pandemic. Help is on the way there though as The Fed is going to raise rates which will quell the inflation. In addition, Biden is showing tremendous leadership regarding this insipid war against Ukraine. Other countries didn't respect Trump, even the dictators he cozied up to didn't respect him. Biden has brought respect and dignity back to the Office of the President. He wasn't even my top 3 choice for President, but he's WORLD'S better than that dictator wannabe Trump.

chgray wrote:

Flagpole wrote:

1) If being against a serial liar President who was impeached twice for egregious behavior and who tried to overthrow a fair election is having a "Trump hard on", then ok. Not a term I use, but whatever.

2) You are beyond nuts to say Biden's Administration is one of the worst. Trump had NEGATIVE job growth during his time in office...meaning that there were fewer US jobs when he left office than when he started (yes, primarily caused by the pandemic, but his stupid tariffs didn't help). Nice. Biden's first year in office brought in more jobs than any other President's first year in office...6.6 MILLION jobs in his first 12 months, by far the best performance in a President's firs year. We also have what is considered to be full employment following the high unemployment and RECESSION Trump left us with. Salaries are up, there's a job for anyone who wants one. Inflation is high. To be expected as a result of pent-up non spending during the pandemic and supply chain issues also caused by the pandemic. Help is on the way there though as The Fed is going to raise rates which will quell the inflation. In addition, Biden is showing tremendous leadership regarding this insipid war against Ukraine. Other countries didn't respect Trump, even the dictators he cozied up to didn't respect him. Biden has brought respect and dignity back to the Office of the President. He wasn't even my top 3 choice for President, but he's WORLD'S better than that dictator wannabe Trump.

"Biden's first year in office brought in more jobs than any other President's first year in office...6.6 MILLION jobs in his first 12 months, by far the best performance in a President's firs year."

normally your comments are aligned with most of mine but I think you understand that the 6.6m jobs were not new jobs but more appropriately described as a return of existing pre-pandemic jobs.

It would have been great to create 6.6m new jobs plus the ones lost die to covid but that did not happen. Work force participation levels illustrates that they were not new never before counted jobs.

Flagpole wrote:

Um...... wrote:

Credit where it's due... According to this: https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults APHMX comfortably beats DIA since 2000. It has dropped hugely recently and so it's closer but still wins overall.

Good job, FP :)

CORRECT! However, I deserve NO credit for the performance of that fund. I just bought it. I didn't even research it when I did buy it (I don't research ANY fund before I buy). I wanted a small-cap fund and I chose that one. I didn't even research how it did against the Dow when I brought it up again.

Wealth in the stock market comes from doing the investing over time...put in enough. Never stop. Put in more if the market drops a lot and you have extra. How well you do will vary within a range, but you will become wealthy if you do what you should do...no fund or stock research required.