You should be way easier on Trump then, if this is how you roll with the truth.
The honest person doesn't double down on an untruth after they've been corrected about the truth by another honest person. Your continued insistence that I envy you has evolved from a misunderstanding to a lie.
1) I do not "roll with the truth" in any way. I use the definition of "truth". It is only a lie if you say something that you know to be false and present it as true. If you BELIEVE something to be true and you state it as true but it isn't, then that is a falsehood. Now, a person shouldn't get into the habit of making a lot of unsubstantiated claims (which I do not do), but there is a difference between lying and stating a falsehood.
2) I didn't use the word "envy" with regard to your feelings toward me, but it is clear to me that you feel some sort of negative reaction about not doing as well as I have in the market. Lots of people have done WAY better than I have over time (which is really all that matters, not some arbitrary yearly milestone). That is my observation. You stating otherwise doesn't make it not true.
3) No way should I be easier on Trump. He IS a serial liar without question. He ALSO states falsehoods, but it is the LYING that is the really bad one of the two there and why I focus on that. Besides that, much of what he says that is TRUE is horrible. He's a POS. He's a dictator wannabe. He's dangerous and a serious threat to our Democratic Republic.
4) You clearly don't understand what a lie is. I'm not surprised. I often find that people don't fully understand the meaning of words.
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.
Flagpole is only 55 and I can see him investing for another 30 years. Let's assume that his porfolio's poor start to the year continues and he ends up losing to the market (Dow). That just means that come 2052, when he is still appearing on this thread, his record will then be having beaten the market 52 out of 54 years. He will go down in the investing annals as the greatest investor of all time.
I have no idea how much longer I will be investing. Unless there is an advantage to NOT doing so down the line that I do not now foresee, I will have money invested the rest of my life. I could die today. I could die in 50 years. No way to know.
I (we...my wife and I) will not be putting any INCOME into the market once my wife retires in 5 more years, but what we have in the market will stay there until we die (unless again, I see some advantage in the future to not having money in the market).
I for sure will not go down as the greatest investor of all time. Who knows though, perhaps I will now lose to the Dow every year from here on out. It doesn't matter. The trend will still be UP...the measure against a random index means nothing. None of this matters. You people are silly to get your panties in a bunch over it.
You do realize he's trolling you, right? It's an older trolling tactic compared to more modern forms of trolling (Flagpole is stuck in the year 2005 basically), but it still checks out.
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.
I do own QQQ and for me it has beaten your cherry picked HSGFX number.
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.
I do own QQQ and for me it has beaten your cherry picked HSGFX number.
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)
I'm tracking this because I need some good news and these days not setting a new low is what passes for good news.
Also, many people get scared in bear markets and say something like 'I'll wait until the turbulence is clear, until things settle down. Then I'll get back in. '
Meanwhile, they never get that clarity and peace and the market climbs out of the pit. And they are still waiting. People are still waiting from 2009 for that clarity. That last shoe to drop.
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)
Tell us. LOL
LOL Crickets LOL
Igy, how is Hussman "Strategic" not down since inception? Here is a chart - It was at $10 at 2000 and now is down around $6.92. It is down!
HSGFX Performance - Review the performance history of the Hussman Strategic Growth fund to see it's current status, yearly returns, and dividend history.
Like I said, you don’t understand closed end or open end funds. Open end funds pay dividends and capital gains in shares (unless shareholder directs otherwise). Over time that dilutes share price.
Quit being silly and work your job, or paint your house. Either way you waste too much time on nonsense. Especially on topics you know very little about.
I feel like I'm wasting some of the precious few breaths I have left, but just one last time I will try, patiently I might add, to explain. Igy's HSGFX, like many other available investment instruments serves as a possible hedge against a falling market. Nobody in their right mind (including, certainly, Hussmann) would counsel anybody to put all (or even most) of their money into it, nor to hold a big chunk for the long term, like since inception.
But, holding some (small) proportion of something like it, or something else that will go up when most everything is going down (lots of examples, but let's use SARK and SQQ as a couple of good examples) can help even out a portfolio and smooth out some of the rough spots when things go to crap. This obviously would come at a cost in lost potential gains.
Over the last five years, HSGFX would have been a much better hedge than, say, cash. In a strong bull market obviously it will weigh a portfolio down. In bad times (2022...?) it can really help take the edge off.
Balancing risks isn't everyone's cup of tea. Just for those who understand risk... :-)
I feel like I'm wasting some of the precious few breaths I have left, but just one last time I will try, patiently I might add, to explain. Igy's HSGFX, like many other available investment instruments serves as a possible hedge against a falling market. Nobody in their right mind (including, certainly, Hussmann) would counsel anybody to put all (or even most) of their money into it, nor to hold a big chunk for the long term, like since inception.
But, holding some (small) proportion of something like it, or something else that will go up when most everything is going down (lots of examples, but let's use SARK and SQQ as a couple of good examples) can help even out a portfolio and smooth out some of the rough spots when things go to crap. This obviously would come at a cost in lost potential gains.
Over the last five years, HSGFX would have been a much better hedge than, say, cash. In a strong bull market obviously it will weigh a portfolio down. In bad times (2022...?) it can really help take the edge off.
Balancing risks isn't everyone's cup of tea. Just for those who understand risk... :-)
I feel like I'm wasting some of the precious few breaths I have left, but just one last time I will try, patiently I might add, to explain. Igy's HSGFX, like many other available investment instruments serves as a possible hedge against a falling market. Nobody in their right mind (including, certainly, Hussmann) would counsel anybody to put all (or even most) of their money into it, nor to hold a big chunk for the long term, like since inception.
But, holding some (small) proportion of something like it, or something else that will go up when most everything is going down (lots of examples, but let's use SARK and SQQ as a couple of good examples) can help even out a portfolio and smooth out some of the rough spots when things go to crap. This obviously would come at a cost in lost potential gains.
Over the last five years, HSGFX would have been a much better hedge than, say, cash. In a strong bull market obviously it will weigh a portfolio down. In bad times (2022...?) it can really help take the edge off.
Balancing risks isn't everyone's cup of tea. Just for those who understand risk... :-)
When Hussman Strat. is compared not to the index but to its category it is compared to similar hedge funds? And when Morningstar gives it a 1-star rating (lowest) it does so knowing that it is a hedge fund and not because of its performance?