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Expert investors...they should just STFU.
Expert investors...they should just STFU.
By Vegas
30 Aug 2024 9:06 am in No Holds Barred Political Forum
31 Aug 2024 10:03 pm
I don't have one dime of debt.DeezerShoove » 31 Aug 2024, 9:42 pm » wrote: ↑ I ended up at the "break even" level. Also said "**** that" to the boring yet nerve-wracking crap.
That took about 18 months (hopefully you read "The Art of the Deal" with less time wasted.
I get a shiny new pick up once in a while because I hate breakdowns and rattles.
That's my biggest treat to myself. I hate being in debt of any kind.
Like you - what else do I need? I'm good.
ps
One of the wisest things ever said in a movie came from Al Czervik in Caddyshack:
To paraphrase - "I could keep working and have a $60 million funeral."
But then again my riding lawnmower is worth more then my car.
31 Aug 2024 11:39 pm
sootedupCyndi » 31 Aug 2024, 10:03 pm » wrote: ↑ I don't have one dime of debt.
But then again my riding lawnmower is worth more then my car.
A pessimist would say "That's a **** car."
An optimist would say "That's a great lawn mower."
Being out of debt is its own reward. That's nice.
Please seat yourself.
I like the very things you hate.
I like the very things you hate.
1 Sep 2024 12:41 am
Way oversold stocks bounce violently. You inadvertently executed the right move.DeezerShoove » 31 Aug 2024, 9:57 pm » wrote: ↑ I had one stock that taught me a HUGE lesson.
I lost pretty much all of my savings on some "advice".
The stock eventually had dropped to a penny stock in a very short time frame.
I figured "oh **** it" and dropped the last of my account's balance on the **** stock. Way unwise thing to do.
Unbelievably it bounced back to almost exactly where my books balanced out. The next week I sold it all and called it a lesson learned. I lucked out big time.
That company was nonexistent in about 2 months. I was almost $100 to the good. whew...
I'm already knee deep in this **** but here's my POV:
If someone REALLY wanted to get rich trading stocks, which is very unlikely but not impossible (AS IT HAS been done before), they would have to be inhumanly patient.
Like, you'd have to wait months, sometimes years, to just execute ONE move. Or a sequence of moves from that one move. Trading day in and day out or every week = almost guaranteed failure.
Wait for a crash and go all in on options (like at the bottom in 2009 or 2020), or track a small set of stocks (like 3-5 stocks) and wait for the bottom. Alternatively, wait for a top (<- we are close to one as of today) and do the opposite.
Obviously the question is "how do you know it's the true bottom and not some dead cat bounce?" There is an "art" to this which I don't think a single person on planet Earth has perfected.
-------------------------------------
Ironically, I have not been following this very sage piece of advice myself. But thank you for reminding me of the inherent dangers.
1 Sep 2024 7:20 am
LowIQTrash » 01 Sep 2024, 12:41 am » wrote: ↑ Way oversold stocks bounce violently. You inadvertently executed the right move.
I'm already knee deep in this **** but here's my POV:
If someone REALLY wanted to get rich trading stocks, which is very unlikely but not impossible (AS IT HAS been done before), they would have to be inhumanly patient.
Like, you'd have to wait months, sometimes years, to just execute ONE move. Or a sequence of moves from that one move. Trading day in and day out or every week = almost guaranteed failure.
Wait for a crash and go all in on options (like at the bottom in 2009 or 2020), or track a small set of stocks (like 3-5 stocks) and wait for the bottom. Alternatively, wait for a top (<- we are close to one as of today) and do the opposite.
Obviously the question is "how do you know it's the true bottom and not some dead cat bounce?" There is an "art" to this which I don't think a single person on planet Earth has perfected.
-------------------------------------
Ironically, I have not been following this very sage piece of advice myself. But thank you for reminding me of the inherent dangers.
Pretty much every time I think I'm ready to immerse myself, learn the fine art of options trading, etc. I think of that experience.
As you said patience is a key factor which I apparently do not possess while I wait for the money I've risked to finally make its decision to multiply or disappear.
Please seat yourself.
I like the very things you hate.
I like the very things you hate.
1 Sep 2024 7:49 am
This reminds me of a survey taken years ago. I have mentioned it here before.Cannonpointer » 31 Aug 2024, 9:49 pm » wrote: ↑ They will find themselves forever on one or the other margin. And they will never be happy, so long as they have that mindset. That is my opinion in the matter.
I worked for a fellow some 30 years back, and he was one hard working son of a bitch. He was not nearly as smart as I am. But he more than compensated by how diligent he was, whereas I was more of a flighty fellow - insouciant. Dabble here, raise rabble there - to one thing constant never.
Anyway, he shared his goal with me. He wanted to have a million dollars worth of equity in commercial property, and then he would retire and live the good life. I decided to make it my mission to help him realize his dream, as he had always been square with me, and I loved him as a brother. And I did. And all the things that he had told me he wanted to do - WOULD do - once he had reached his goal? He put them all on hold, because he set a new goal. A million was not enough. I asked him what WOULD be enough, and his face was pained when he told me, "I don't know."
Several years back, I sat with him. We met up in Mexico, down in Baja. And I went over with him what he had told me, and I asked him what was his new goal. And he sat there - we were drinking and playing with magic powders, but only as tourists and not as degenerates or anything - and he got it. He literally got it. And he made a radical change. He chose to be content. He was not at a level to excite envy or invite robbery. He was just living a nice, upper middle class existence, taking in perhaps 200k per year. And he just stopped being acquisitive.
Whereas he had been doing all of his own work on his properties, jealous of any penny he might have to pay a tradesman, he made the decision to never step on another ladder and never tar another roof and never lift another paint brush or frame-out another interior to suit a new tenant. He chose to pay others for that work. He chose to be content.
When I was down in Brazil in early Summer, I invited him to come on down and spend a few weeks with me. He came for ten days, and we relaxed and drank a few beers and saw some sights. I have never seen him so light on his feet, so **** carefree. I was delighted for him. I AM delighted for him. I still smile each time I think of him - each time I picture him at last at home with himself and happy with his lot.
The same advice that I gave to him, I would give to you. The middle ground is the easiest to hold, and is marked by the least care. Poverty and immense wealth are flip sides of the same coin. One has plusher pillows than the other, but both are hard roads,
One of the main conclusions drawn from the results was very simple:
No matter what your economic level is, that to which you've become accustomed, more is needed.
How much? Twice whatever you have is where you'd "be happy".
The survey found that on average is you asked a person with $20K in the bank or $20M in the bank,
the multiplier was roughly the same: 2X.
So, once your millionaire buddy broke free of his "it's never enough" chains, he settled that part of his brain.
Sounds like wisdom crept in on him.
Please seat yourself.
I like the very things you hate.
I like the very things you hate.
1 Sep 2024 9:29 am
There "Was" an art that not a single person on planet Earth has perfected .....LowIQTrash » 01 Sep 2024, 12:41 am » wrote: ↑ Way oversold stocks bounce violently. You inadvertently executed the right move.
I'm already knee deep in this **** but here's my POV:
If someone REALLY wanted to get rich trading stocks, which is very unlikely but not impossible (AS IT HAS been done before), they would have to be inhumanly patient.
Like, you'd have to wait months, sometimes years, to just execute ONE move. Or a sequence of moves from that one move. Trading day in and day out or every week = almost guaranteed failure.
Wait for a crash and go all in on options (like at the bottom in 2009 or 2020), or track a small set of stocks (like 3-5 stocks) and wait for the bottom. Alternatively, wait for a top (<- we are close to one as of today) and do the opposite.
Obviously the question is "how do you know it's the true bottom and not some dead cat bounce?" There is an "art" to this which I don't think a single person on planet Earth has perfected.
-------------------------------------
Ironically, I have not been following this very sage piece of advice myself. But thank you for reminding me of the inherent dangers.
The advent of advanced AI has turned that "Art" into a science which is now being used by the global giants of investment which has totally destroyed what was once a level playing field of speculation.
In a few more years those global giants of investment will remove for themselves the word "risk" ......and when that becomes the norm The market will become nothing more than a controlled "Racket" which they and their vast financial resources will eventually make redundant.
1 Sep 2024 10:57 am
Precisely. He simply chose to be content now rather than at some future moment. And his health turned around. He had been in a bad way. Once he stopped focusing on beating more and more out of himself, he started focusing on his health. I used to preach to him about the **** he took in and the good stuff he SHOULD be taking in. I turned him on to things like Qunol, which helped him greatly. When we chill together now, HE is schooling ME, introducing me to **** I didn't know about.DeezerShoove » 01 Sep 2024, 7:49 am » wrote: ↑ This reminds me of a survey taken years ago. I have mentioned it here before.
One of the main conclusions drawn from the results was very simple:
No matter what your economic level is, that to which you've become accustomed, more is needed.
How much? Twice whatever you have is where you'd "be happy".
The survey found that on average is you asked a person with $20K in the bank or $20M in the bank,
the multiplier was roughly the same: 2X.
So, once your millionaire buddy broke free of his "it's never enough" chains, he settled that part of his brain.
Sounds like wisdom crept in on him.
It really turned his whole existence around - his entire quality of life. And it was his decision to be content that did it. He would be a lot richer today if he had stayed the course he was on. And a lot poorer. It's all in what you value.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
1 Sep 2024 11:50 am
You are 20 years behind the intellectual bell curve. 10 generation gaps beyond the corruption already here.Majik » 01 Sep 2024, 9:29 am » wrote: ↑ There "Was" an art that not a single person on planet Earth has perfected .....
The advent of advanced AI has turned that "Art" into a science which is now being used by the global giants of investment which has totally destroyed what was once a level playing field of speculation.
In a few more years those global giants of investment will remove for themselves the word "risk" ......and when that becomes the norm The market will become nothing more than a controlled "Racket" which they and their vast financial resources will eventually make redundant.
1 Sep 2024 12:13 pm
This is what I was referring to , actually. ^^^Cannonpointer » 31 Aug 2024, 8:51 pm » wrote: ↑
Of course, again, there are limits. I am not talking about people who live in trailer parks and have broken-down cars. Theirs is not an insouciant life. Theirs is a life marred by care and want and indignity. But in most matters, the middle ground is the safest and easiest to hold; and in most matters, life on the margin gets tricky.
Blackvegatble's hypcorisy summed up in one post:
[/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
1 Sep 2024 4:18 pm
Well, that's just dumb.
Of COURSE it'd be better to be obscenely wealthy than to be obscenely impoverished. That observation and 2 bucks'll get ya bad coffee somewhere.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
1 Sep 2024 5:14 pm
Vegas » 30 Aug 2024, 9:06 am » wrote: ↑ I read a lot of how so called 'expert investors' invest. I monitor their stock suggestions. I have followed their advice, because they are supposed to be experts. Of all the stocks that I invested from their advice, the total amount of positive returns has been $0.00. Their stocks are ****. Why do they incessantly recommend companies that don't profit? **** these guys.
I do well in crypto. However, I like to dip into the public companies as well.
If you know of any good stocks that are worth a ****, please let me know. Not so much the S & P. The little guys are worth monitoring also.
Less than 5% of active equity managers demonstrate persistence.I read a lot of how so called 'expert investors' invest. I monitor their stock suggestions. I have followed their advice, because they are supposed to be experts
Those who do don't share their strategies on the innertubes for free.
If someone is touting an individual issue in an email, they are likely pumping it to dump it.
1 Sep 2024 6:09 pm
I don't see why anyone would pay for investment advice when they can just shadow one of the most brilliant businessmen of the past and present century, Donald Milhouse Trump.Blackvegetable » 01 Sep 2024, 5:14 pm » wrote: ↑ Less than 5% of active equity managers demonstrate persistence.
Those who do don't share their strategies on the innertubes for free.
If someone is touting an individual issue in an email, they are likely pumping it to dump it.
When he buys, you buy. When he sells, you sell. You'll be a billee-yonaire in a matter of months.
Or heck, just read his book. It's all RIGHT THERE, if you apply it. Just be "artful" in your dealings.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
2 Sep 2024 12:41 am
Oh boy, they clearly haven’t surveyed the likes of me. Twice is child’s play.DeezerShoove » 01 Sep 2024, 7:49 am » wrote: ↑ This reminds me of a survey taken years ago. I have mentioned it here before.
One of the main conclusions drawn from the results was very simple:
No matter what your economic level is, that to which you've become accustomed, more is needed.
How much? Twice whatever you have is where you'd "be happy".
The survey found that on average is you asked a person with $20K in the bank or $20M in the bank,
the multiplier was roughly the same: 2X.
So, once your millionaire buddy broke free of his "it's never enough" chains, he settled that part of his brain.
Sounds like wisdom crept in on him.
20x? Yes!!
We will see when that time comes…if ever O.O
2 Sep 2024 12:46 am
Sorry but I have to disagree. If by “AI” you mean HFT algorithms, then know that they just make the stock move in a more liquid fashion. (Trades execute in microseconds)Majik » 01 Sep 2024, 9:29 am » wrote: ↑ There "Was" an art that not a single person on planet Earth has perfected .....
The advent of advanced AI has turned that "Art" into a science which is now being used by the global giants of investment which has totally destroyed what was once a level playing field of speculation.
In a few more years those global giants of investment will remove for themselves the word "risk" ......and when that becomes the norm The market will become nothing more than a controlled "Racket" which they and their vast financial resources will eventually make redundant.
The reality is that, if you want to use your standard of “rigged,” it’s always been that way. The guys with flow data are always going to have a hand up on Joe Schmoe who watched some YouTube videos on how to read candle charts and indicators like MACD and Bollinger Bands.
as I just told Deezer Shoove:
Trade often (daily, weekly) = disaster
Buy and hold = mediocre
Spend weeks on research, then wait months for your opportunity = phenomenal returns (500% to 10000%)
2 Sep 2024 8:01 am
Congratulations!ROG62 » 31 Aug 2024, 6:42 am » wrote: ↑ It's why it's called gambling...
markets are the ultimate allure of 20/20 hindsight... full of the "if only's"...
I did the "steady Eddie" thingy...you know, the boring ****...yet here I am, a "7 percenter"...go figure, a layman...
People with the top 1% of net worth in the U.S. in 2025 will have $11.6 million in net worthThe top 2% will have a net worth of $2.7 millionThe top 5% will have $1.17 millionThe top 10% will have $970,900The top 50% will have $585,000
https://www.kiplinger.com/personal-fina ... e-you-rich
2 Sep 2024 9:23 am
LowIQTrash » 02 Sep 2024, 12:41 am » wrote: ↑ Oh boy, they clearly haven’t surveyed the likes of me. Twice is child’s play.
20x? Yes!!
We will see when that time comes…if ever O.O
Maybe it's the way they phrased the question... Pollsters are artists.
* Would you be happy with 2x your money?
-
There is a big difference from the similar question:
* How much more money than you currently have would make you happy?
Please seat yourself.
I like the very things you hate.
I like the very things you hate.
2 Sep 2024 9:29 am
After reading, it's closer to 5%...Fuelman » 02 Sep 2024, 8:01 am » wrote: ↑ Congratulations!
People with the top 1% of net worth in the U.S. in 2025 will have $11.6 million in net worthThe top 2% will have a net worth of $2.7 millionThe top 5% will have $1.17 millionThe top 10% will have $970,900The top 50% will have $585,000
https://www.kiplinger.com/personal-fina ... e-you-rich
WOOHOO, I'm somebody now!
JuCo 5 percenter...72
“Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom 
If gender is not sex, why should a gender claim change what sex you shower with?
"Libruls are often fascists on vacation..."
2 Sep 2024 11:28 am
The numbers vary form article to article but they all are similar ball park figures.ROG62 » 02 Sep 2024, 9:29 am » wrote: ↑ After reading, it's closer to 5%...
WOOHOO, I'm somebody now!
For the longest time I thought we were getting left behind, was surprised we actually left most behind. I don't feel very rich but all things considered, even a lowly retired truck driver can do well financially compared to the masses.
That wishing well actually fricken worked!!!!
2 Sep 2024 7:28 pm
LowIQTrash » 02 Sep 2024, 12:41 am » wrote: ↑ Oh boy, they clearly haven’t surveyed the likes of me. Twice is child’s play.
20x? Yes!!
We will see when that time comes…if ever O.O
You so greedy...
Please seat yourself.
I like the very things you hate.
I like the very things you hate.
2 Sep 2024 11:20 pm
It's less about me being greedy and more about the fact there is very little time left before a 100-year supercycle event takes us into very ugly times.
The Dow Jones Industrial Avg (The SP 500 didn't exist back then so we're using this instead) has been trading within a very well defined parallel channel since 1929.
The bottom trendline has not been touched since 1982, and it will touch sooner than most people think (which, admittedly, in their case is "never")
Normalcy bias is going to cost people dearly.
PS. That chart is also why I guffaw whenever I hear ancient stories about the Great Depression generation telling their kids (who grew up in the 60s) to avoid the stock market like the plague.
The universe must have a great sense of humor, now that the older gens (Boomers) are telling their kids to "buy every dip" no matter what.
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