to be fair, Igy has been long at times over the past couple of years and timed the market quite well. Not 100% of course but pretty good really. Short term stuff, but still, credit. I'm sure he's done better than any of us since the 2021 highs.
He is probably knows more about investing than any of us here but his adherrence to Hussmannn and the "market is going to collapse" philosophy has cost his investors lots and I mean lots. The market over the last 12 years has gone bonkers and it seems his investors have missed out on that.
Knowing about investing and actually DOING PROPER INVESTING are two different things. Some things are NOT worth knowing a lot about, and just because you do doesn't mean that knowledge is valuable. Chiropractors for example...they know more about being a Chiropractor than I do, but it is nonsense knowledge. Now, knowing a LOT about investing only gets you so far as the Law of Diminishing returns kicks in early and hard.
There REALLY isn't much to know about investing:
1) Pay off small debts (not a house or a HUGE student loan) ASAP.
2) Invest 15% MINIUMUM of your income into diversified mutual funds within retirement accounts. Do this from the time you start making money either out of HS or college depending on your path. You invest, invest, and invest some more. You never stop, no matter what the market is doing until you are either within 5 years of retirement (I'm ok if you are cautious at that point), OR you decide you have enough and you want to take it all out...I mean, if you have $6 million dollars in the market at age 60 and just want to be done with the ups and downs of the market, take it all out if you want. Not what I will do, but to each his own.
3) Really, the above 2 are the backbone of it all, but beyond that, you can up your contributions (still to mutual funds in retirement accounts) and then even non-retirement mutual funds if you want. For complete financial freedom and diversity, you should eventually get rid of your mortgage and plan to be 100% debt free including owning a home outright by the time you retire.
That's really it. Buying individual stocks should ONLY be done if you are 100% debt free including owning a home outright, you are STILL putting 15% minimum into diversified mutual funds in retirement accounts, and you buy a minimum of 5 individual stocks that you spread out evenly into different sectors of the market.
1) What is his sentiment on the market long term? Permabear.
2) What is his investing philosophy? Permabear.
3) What cute name does his wife call him? Permabear.
4) What is his favorite breakfast cereal called? Permabear.
All things Permabear, 24/7.
I see with a market up day you crawled out of the bunker.
Nope! I don't pay attention to the daily moves of the market and had no idea that was an UP day. I check the markets these days a handful of times a year and then at year's end, and I don't make ANY comments about the market based on how it did on a specific day...unless it was an historic rise or fall or something interesting like that.
I have no fear, no concerns, no nothing about the stock market, about how I am perceived here or anywhere else...just absolutely nothing. For me, the hay was put in the barn a long time ago (and still is as we are still investing a portion of my wife's earnings even though we definitely don't need to...it's just habit at this point). Also, what are we going to do with a ton of extra cash sitting around anyway? We have zero debt, the kids are out on their own. We go on a few trips each year, we have a dog, and we pay for 6 streaming services...that's where we spend our money, and that's just next to nothing.
Anyway, absolutely no joke, I had NO IDEA that that day was an UP day, and even now I'm just taking your word for it. I'm not a fair-weather fan, and I'm not filled with fair-weather integrity either. 100% integrity, 100% of the time.
I see with a market up day you crawled out of the bunker.
Nope! I don't pay attention to the daily moves of the market and had no idea that was an UP day. I check the markets these days a handful of times a year and then at year's end, and I don't make ANY comments about the market based on how it did on a specific day...unless it was an historic rise or fall or something interesting like that.
I have no fear, no concerns, no nothing about the stock market, about how I am perceived here or anywhere else...just absolutely nothing. For me, the hay was put in the barn a long time ago (and still is as we are still investing a portion of my wife's earnings even though we definitely don't need to...it's just habit at this point). Also, what are we going to do with a ton of extra cash sitting around anyway? We have zero debt, the kids are out on their own. We go on a few trips each year, we have a dog, and we pay for 6 streaming services...that's where we spend our money, and that's just next to nothing.
Anyway, absolutely no joke, I had NO IDEA that that day was an UP day, and even now I'm just taking your word for it. I'm not a fair-weather fan, and I'm not filled with fair-weather integrity either. 100% integrity, 100% of the time.
OK. Of course none of that has anything to do with the likelihood stocks will go nowhere over the next ten years. It is naive believe starting valuations do not matter. I suspect you will learn differently. I know, you don’t care. You are wealthy, frugal, so you will be fine.
He is probably knows more about investing than any of us here but his adherrence to Hussmannn and the "market is going to collapse" philosophy has cost his investors lots and I mean lots. The market over the last 12 years has gone bonkers and it seems his investors have missed out on that.
Knowing about investing and actually DOING PROPER INVESTING are two different things. Some things are NOT worth knowing a lot about, and just because you do doesn't mean that knowledge is valuable. Chiropractors for example...they know more about being a Chiropractor than I do, but it is nonsense knowledge. Now, knowing a LOT about investing only gets you so far as the Law of Diminishing returns kicks in early and hard.
There REALLY isn't much to know about investing:
1) Pay off small debts (not a house or a HUGE student loan) ASAP.
2) Invest 15% MINIUMUM of your income into diversified mutual funds within retirement accounts. Do this from the time you start making money either out of HS or college depending on your path. You invest, invest, and invest some more. You never stop, no matter what the market is doing until you are either within 5 years of retirement (I'm ok if you are cautious at that point), OR you decide you have enough and you want to take it all out...I mean, if you have $6 million dollars in the market at age 60 and just want to be done with the ups and downs of the market, take it all out if you want. Not what I will do, but to each his own.
3) Really, the above 2 are the backbone of it all, but beyond that, you can up your contributions (still to mutual funds in retirement accounts) and then even non-retirement mutual funds if you want. For complete financial freedom and diversity, you should eventually get rid of your mortgage and plan to be 100% debt free including owning a home outright by the time you retire.
That's really it. Buying individual stocks should ONLY be done if you are 100% debt free including owning a home outright, you are STILL putting 15% minimum into diversified mutual funds in retirement accounts, and you buy a minimum of 5 individual stocks that you spread out evenly into different sectors of the market.
Timing the market is flat out.
What do professional money managers do if not try to time the market?
Knowing about investing and actually DOING PROPER INVESTING are two different things. Some things are NOT worth knowing a lot about, and just because you do doesn't mean that knowledge is valuable. Chiropractors for example...they know more about being a Chiropractor than I do, but it is nonsense knowledge. Now, knowing a LOT about investing only gets you so far as the Law of Diminishing returns kicks in early and hard.
There REALLY isn't much to know about investing:
1) Pay off small debts (not a house or a HUGE student loan) ASAP.
2) Invest 15% MINIUMUM of your income into diversified mutual funds within retirement accounts. Do this from the time you start making money either out of HS or college depending on your path. You invest, invest, and invest some more. You never stop, no matter what the market is doing until you are either within 5 years of retirement (I'm ok if you are cautious at that point), OR you decide you have enough and you want to take it all out...I mean, if you have $6 million dollars in the market at age 60 and just want to be done with the ups and downs of the market, take it all out if you want. Not what I will do, but to each his own.
3) Really, the above 2 are the backbone of it all, but beyond that, you can up your contributions (still to mutual funds in retirement accounts) and then even non-retirement mutual funds if you want. For complete financial freedom and diversity, you should eventually get rid of your mortgage and plan to be 100% debt free including owning a home outright by the time you retire.
That's really it. Buying individual stocks should ONLY be done if you are 100% debt free including owning a home outright, you are STILL putting 15% minimum into diversified mutual funds in retirement accounts, and you buy a minimum of 5 individual stocks that you spread out evenly into different sectors of the market.
Timing the market is flat out.
What do professional money managers do if not try to time the market?
He is timing the market every time he makes a purchase or sale. He just foolishly believes price, age, time horizon, or a variety of other factors doesn’t matter.
OK. Of course none of that has anything to do with the likelihood stocks will go nowhere over the next ten years. It is naive believe starting valuations do not matter. I suspect you will learn differently. I know, you don’t care. You are wealthy, frugal, so you will be fine.
Valuations certainly are important. But they are not the only important metric, not to mention that they are currently in a relatively favorable place when considering the past decade or so.
What do professional money managers do if not try to time the market?
He is timing the market every time he makes a purchase or sale. He just foolishly believes price, age, time horizon, or a variety of other factors doesn’t matter.
It's just gambling.
Every time anyone buys or sells he/she/them/they are timing the market
OK. Of course none of that has anything to do with the likelihood stocks will go nowhere over the next ten years. It is naive believe starting valuations do not matter. I suspect you will learn differently. I know, you don’t care. You are wealthy, frugal, so you will be fine.
Valuations certainly are important. But they are not the only important metric, not to mention that they are currently in a relatively favorable place when considering the past decade or so.
If an investor were to time their transactions so as to occur on some frequency, and that frequency had nothing to do with the fluctuations of the market, it is incorrect to say they are timing the market. For example, if someone buys every time they get paid, that consideration outweighs any timing of the market. Same for sales, if done regularly or done per some determinant other than market fluctuations.
Yes, the market fluctuations may have an impact on those exchanges, but it is not the criteria by which they are made. Therefore, they aren't referred to as "timing the market."
As for me, I do a little of both. It's worked for me and I don't plan on changing.
If an investor were to time their transactions so as to occur on some frequency, and that frequency had nothing to do with the fluctuations of the market, it is incorrect to say they are timing the market. For example, if someone buys every time they get paid, that consideration outweighs any timing of the market. Same for sales, if done regularly or done per some determinant other than market fluctuations.
Yes, the market fluctuations may have an impact on those exchanges, but it is not the criteria by which they are made. Therefore, they aren't referred to as "timing the market."
As for me, I do a little of both. It's worked for me and I don't plan on changing.
Haven't been on this thread for awhile... What are people thinking about the recent bank situation? Interest rates are still being raised higher? Doesn't that suggest economic conditions are likely to get even worse over the next few months? When can we expect to see interest rates start to decrease again? Early 2024? Late 2024? Later still?
Haven't been on this thread for awhile... What are people thinking about the recent bank situation? Interest rates are still being raised higher? Doesn't that suggest economic conditions are likely to get even worse over the next few months? When can we expect to see interest rates start to decrease again? Early 2024? Late 2024? Later still?
Not too much….being overblown by those with little understanding.
Knowing about investing and actually DOING PROPER INVESTING are two different things. Some things are NOT worth knowing a lot about, and just because you do doesn't mean that knowledge is valuable. Chiropractors for example...they know more about being a Chiropractor than I do, but it is nonsense knowledge. Now, knowing a LOT about investing only gets you so far as the Law of Diminishing returns kicks in early and hard.
There REALLY isn't much to know about investing:
1) Pay off small debts (not a house or a HUGE student loan) ASAP.
2) Invest 15% MINIUMUM of your income into diversified mutual funds within retirement accounts. Do this from the time you start making money either out of HS or college depending on your path. You invest, invest, and invest some more. You never stop, no matter what the market is doing until you are either within 5 years of retirement (I'm ok if you are cautious at that point), OR you decide you have enough and you want to take it all out...I mean, if you have $6 million dollars in the market at age 60 and just want to be done with the ups and downs of the market, take it all out if you want. Not what I will do, but to each his own.
3) Really, the above 2 are the backbone of it all, but beyond that, you can up your contributions (still to mutual funds in retirement accounts) and then even non-retirement mutual funds if you want. For complete financial freedom and diversity, you should eventually get rid of your mortgage and plan to be 100% debt free including owning a home outright by the time you retire.
That's really it. Buying individual stocks should ONLY be done if you are 100% debt free including owning a home outright, you are STILL putting 15% minimum into diversified mutual funds in retirement accounts, and you buy a minimum of 5 individual stocks that you spread out evenly into different sectors of the market.
Timing the market is flat out.
What do professional money managers do if not try to time the market?
They DO try to time the market. They just aren't good at it because NO ONE IS. Chiropractors say they are "adjusting" you too when they aren't. Not all professions are legit.
What do professional money managers do if not try to time the market?
He is timing the market every time he makes a purchase or sale. He just foolishly believes price, age, time horizon, or a variety of other factors doesn’t matter.
Absolute BS.
1) I have not made a SALE yet of any of my stocks. Not a single penny.
2) I have only bought, bought, and bought some more, and since 1989, I have had a set amount that automatically went to retirement accounts, and I NEVER pulled back from my set amount (percentage) ever (though the set amount did change a couple times based on our financial circumstances at the time, but still a set amount, AND the set amount was never due to how the market was doing).
3) Once my wife retires, we will no longer buy any stocks at all. I will cease buying and will only take from my pile. If you'd like that say I am timing the market there just because I will be in my 60s at that point and have decided that THEN is the time to take from my retirement pile, then I MIGHT let you slide with that, but that really is NOT the definition of timing the market. Timing the market involves waiting to BUY until the market is at a level you think is good, or waiting to SELL until you think the market is at a level that is good. I have NEVER done that and never will. I will ONLY take money out of the market as I need it or want it. The only way I won't take money out of the market for a while is if there is a HUGE drop...like more than 50%. If that's the case, I will probably just live on SS and cash reserves for a while (I will have at least 3 years of cash reserves saved up when I retire) to give the market a chance to recover...and even then, that's not necessary that I do that...and depending on how old I am if that happens, I might not care and just take what I need anyway.
You make a lot of assumptions and assertions that are just flat wrong.
We've updated our BetterRunningShoes.com web site to make it easier to find good deals on the best shoes. To keep it great we need new shoe reviews from you.