Skewering of Leftist Economic "Conventional Wisdom"

[ZeroJunk]

Originally Posted by BlueStreak

Like I did in 2009 when nearly every dumbass Republican in my life was jerking their money out because the "Kenyan Soshialist" was going to "utterly destroy America". As usual, they were panicked, irrational and wrong.

I actually bought $30,000 more stock in 2009.

Should have kept it. But, that was when I decided I was going to be a trader. So, when I made 5% I would take it.

If I had just bought most anything and sat on it I would have been better off.

[Chicks]

Originally Posted by ZeroJunk

I actually bought $30,000 more stock in 2009.

Should have kept it. But, that was when I decided I was going to be a trader. So, when I made 5% I would take it.

If I had just bought most anything and sat on it I would have been better off.

So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.

[ZeroJunk]

Originally Posted by Chicks

So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.

That's bullshit. There are traders that make good money at it and all they rely on are the charts, candlestick patterns, or whatever works for them.

And, shorting is a necessary aspect of the market. Otherwise how would you ever establish the value of a stock if somebody didn't say no, I think it is overvalued.

Subscribing to a real time charting service is expensive and what is really somewhat entertaining in the beginning becomes a job very quickly.

From your post in your case it would be betting and no doubt something you should avoid.

[Chicks]

Originally Posted by ZeroJunk

That's bullshit. There are traders that make good money at it and all they rely on are the charts, candlestick patterns, or whatever works for them.

And over time, they will all lose compared to simple index funds. Warren Buffett just won a $1M bet against a pricey hedge fund over this very issue. But, guys who vote for con artists like Trump clearly aren’t very bright.

[nailer]

Originally Posted by Chicks

So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.

Even with an indexed S&P 500 fund you're speculating too.

[Chicks]

Originally Posted by nailer

Even with an indexed S&P 500 fund you're speculating too.

Which is why you use asset allocation to balance risk and reward, moving toward lower risk as you grow older. Lots of great index funds from Vanguard that make it easy to do this, and, over time, will always outperform the speculators.

[whell]

Originally Posted by Chicks

Which is why you use asset allocation to balance risk and reward, moving toward lower risk as you grow older. Lots of great index funds from Vanguard that make it easy to do this, and, over time, will always outperform the speculators.

Pretty stiff loads in some of those lifestyle mutual funds, though.

[nailer]

Originally Posted by Chicks

Which is why you use asset allocation to balance risk and reward, moving toward lower risk as you grow older. Lots of great index funds from Vanguard that make it easy to do this, and, over time, will always outperform the speculators.

You sound like a Vanguard financial advisor/consultant.

[Chicks]

Originally Posted by nailer

You sound like a Vanguard financial advisor/consultant.

Well, unlike most investment firms, as an investor in their funds, you are an owner of the company, so in a way you’re correct. Wish I could move my 401K there from Fidelity, as well; my Vanguard returns have substantially outperformed the 401K, with its higher fees and limited choices.

[nailer]

Originally Posted by Chicks

Well, unlike most investment firms, as an investor in their funds, you are an owner of the company, so in a way you’re correct. Wish I could move my 401K there from Fidelity, as well; my Vanguard returns have substantially outperformed the 401K, with its higher fees and limited choices.

No thanks, I'll stick with my current investment mix/strategy.