I have not been invested during that time period. I am up quite nicely, thank you. You could be invested in the QQQ, which has been horrible this year and about to get a lot worse.
Enough said, period.
You still own an investment that is down 30% since inception. It doesn't matter when you bought it - you bought a big piece of crap. Enjoy it!
I have been in and out of SOXS; bought at $37+ market open and sold at $44 at today’s high.
Anyway, HGSFX is not down since inception, up 1%. Evidently like iLOL not understanding CEFs, this poster does not understand mutual funds. Amazing how many stupid posts acting like they know something. I guess that is how you get dopes to buy NFTs, and crypto.
I have not been invested during that time period. I am up quite nicely, thank you. You could be invested in the QQQ, which has been horrible this year and about to get a lot worse.
Enough said, period.
You still own an investment that is down 30% since inception. It doesn't matter when you bought it - you bought a big piece of crap. Enjoy it!
I have been in and out of SOXS; bought at $37+ market open and sold at $44 at today’s high.
Anyway, HGSFX is not down since inception, up 1%. Evidently like iLOL not understanding CEFs, this poster does not understand mutual funds. Amazing how many stupid posts acting like they know something. I guess that is how you get dopes to buy NFTs, and crypto.
LOL Why don’t you tell everybody exactly what I don’t understand about CEF’s, in particular EMD? (-0.41% on the day), especially since you are nothing but the resident hypocrite fanboi (negative eps, share buybacks, return of capital)
Damn, I'm going to agree with flaphole, you don't understand math very well, do you?
If a mutual fund/investment is down 30% over 20 years, does it really matter when you bought it? It is a clunker and any savvy investor should stay away.
If you bought HSGFX virtually any time after April 2017 and held on, you would be in the money today.
As one simple example...
Coming back for more...? You a sucker for punishment?
I am not talking about buying HSGFX in 2017. I am saying how poorly it has done since 2000 and compare that to Dow or Nasdaq during the same time. Any one who would buy Hussman after the last 20 years is an idiot.
“This is the real McCoy. It seems to be playing out pretty close to 2000. The four great bubbles, are characterized by nearly hysterical behavior – accelerated price moves on the upside, and by a weird deviation, on the upside, between the blue chips going up and the risky stocks going down, and that is rare as hen’s teeth – it happened in 1929 and it happened during the year 2000 again, in spades, with the S&P ex-growth continuing to go up until September of 2000, and the growth stocks basically going down 50%, and the internet stocks dropping maybe 60-70% by then. So that was spectacular, and we saw a very handsome deviation between the S&P rising last year and the Russell dropping quite handsomely. I’ll tell you what it describes. It describes Mr. Prince’s ‘I’ve got to keep dancing, because the music is still playing.’ And we understand that completely, the enormous commercial imperative of the industry to play up to, and over the edge… That’s the phenomenon that causes this very rare indicator of impending doom. Impending doom – in other words now. We’re in it. I believe the declines will be very substantial.” – Jeremy Grantham, May 19, 2022
“This is the real McCoy. It seems to be playing out pretty close to 2000. The four great bubbles, are characterized by nearly hysterical behavior – accelerated price moves on the upside, and by a weird deviation, on the upside, between the blue chips going up and the risky stocks going down, and that is rare as hen’s teeth – it happened in 1929 and it happened during the year 2000 again, in spades, with the S&P ex-growth continuing to go up until September of 2000, and the growth stocks basically going down 50%, and the internet stocks dropping maybe 60-70% by then. So that was spectacular, and we saw a very handsome deviation between the S&P rising last year and the Russell dropping quite handsomely. I’ll tell you what it describes. It describes Mr. Prince’s ‘I’ve got to keep dancing, because the music is still playing.’ And we understand that completely, the enormous commercial imperative of the industry to play up to, and over the edge… That’s the phenomenon that causes this very rare indicator of impending doom. Impending doom – in other words now. We’re in it. I believe the declines will be very substantial.” – Jeremy Grantham, May 19, 2022
well that one I'm definitely saving for review in 12/22
Nah. You're clearly upset that you haven't done as well as I have. Don't use me as your measuring stick, brother. Invest what you need to to have the retirement that YOU want. It's not a competition.
Flaphole, you don't know the first thing about me. I have no idea how much money you have for retirement, and you have no idea what I have. I don't participate in online portfolio measuring contests, have never shared an estimate of net worth nor asked it of others. I participate here in a discussion about investing and money concepts with a quirky and interesting group of anonymous people (and maybe bots; the jury is out on C9...).
The reason I challenge you on your claim is its sheer brazen ridiculousness. It is so clearly untrue, and yet you trumpet on and on and on and on and on about it.... Just taking a bit of hot air out of you, is all. Mind you, my efforts are clearly wasted as you seem to have an unlimited supply, which I'll admit is impressive in its way.
I most certainly DO know even MORE than the first thing about you. I didn't say I know how MUCH money you have. Maybe you inherited a lot. Maybe you make a lot more than I have. I said you haven't done as well in the market as I have, and that much is clear, because you can't fathom my correct claim here. People mostly can't fathom something when that same thing hasn't happened for them, ESPECIALLY if they consider themselves somewhat of an expert in said thing (and like I said, I'm NOT a smart investor beyond just being smart enough TO invest and to do so diversely -- with an aggressive bent).
I used a similar example before, but I will do so again.
To BEAT the Dow or any index, you just need to beat it by a the smallest amount. IF you are one who is well-diversified (as I am...more and more so each year even), it is likely that you will trend toward the average. A little luck, a little dumping in extra when the market was down, and it is EASY to see how a dart throw could land JUST above the line.
So, let's say an index averaged 11% over a given period, and you happened to be right on the average but just SLIGHTLY over each year so that on average YOU averaged 11.01% overall and beat it yearly by the same small margin. Well, you beat the Dow then, all of those times IF you JUST missed the Dow for some weird reason and finished at 10.99% you would have LOST to the Dow.
It's really the overall percentage that means anything long term. If I had told you all that I LOST to the Dow each year by 0.01% you would all buy that, but for some reason if that loss turns into a win by 0.01% (to be accurate, it IS a little higher than that), then you cry foul. The difference between a loss and a win here is infinitesimal. This means your reaction to this is emotional and not mathematical or logical.
It is NOT the mathematical anomaly most of you have said it is. I don't deal with hot air. I deal in facts only. The only reason some of you even know about this is because I brought it up this year because I am LOSING to the Dow by so much so far. I was focusing on my LOSING not my past winning. And I'm 100% serious when saying this ---that is my humility and self-deprecating nature to have done that.
I'm sorry that the fact is that I have done better than you in the market. You don't have to have done as well as I have to be wealthy if you invested enough for long enough.