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re: This August downturn has cost me a comma
Posted on 8/21/23 at 8:52 am to thelawnwranglers
Posted on 8/21/23 at 8:52 am to thelawnwranglers
This is the most unsubtle brag ever...
By 3 commas, do you mean 10,000,000+?
If so, damn dude.
By 3 commas, do you mean 10,000,000+?
If so, damn dude.
This post was edited on 8/21/23 at 8:54 am
3
Posted on 8/21/23 at 10:36 am to CAPEX
quote:
By 3 commas, do you mean 10,000,000
Wut
Posted on 8/21/23 at 10:54 am to CAPEX
I think his holdings went from $1,000 to $999.
Posted on 8/21/23 at 11:05 am to JohnnyKilroy
Delete.
I was being stupid.
I was being stupid.
This post was edited on 8/21/23 at 11:06 am
Posted on 8/21/23 at 11:06 am to RoyalWe
quote:
I think his holdings went from $1,000 to $999.
Yeah the OT is where the Big Fish are. We just trying to get by over here.
This post was edited on 8/21/23 at 11:09 am
Posted on 8/21/23 at 7:43 pm to CAPEX
I went from 2 to 1 lol
Joke is from Silicon Valley TV show
He had 3 as in a billion
Joke is from Silicon Valley TV show
He had 3 as in a billion
Posted on 8/21/23 at 8:01 pm to thelawnwranglers
Went over the head of most. Great show.
Posted on 8/21/23 at 8:54 pm to lynxcat
quote:
Went over the head of most. Great show.
Dick to floor - mean jerk time - that show had me rolling
Also this includes wife retirement for my age barely average
Posted on 8/22/23 at 8:56 am to Vols&Shaft83
quote:
Huh? Open end mutual funds have been around since the 20s.
I was talking about retail but since you knew exactly what I was referring to, you knew that
Posted on 8/22/23 at 2:23 pm to Thundercles
quote:The rate is back under some control, but that doesn't mean we go back to the old prices from 2020.
Inflation purports to be down but no one feels any price relief.
quote:Is it? Maybe nominally, but certainly not per capita or real.
Consumer debt is at an all time high but no one seems to care.
quote:What does this have to do with a recession? And a good part of the interest is paid to domestic holders.
Government deficit is insane and we're throwing away over half a trillion dollars a year on interest and not slowing down.
quote:They are? Which "real estate crisis" is that?
Student loan and commercial real estate crises are both coming to a head imminently.
Posted on 8/22/23 at 3:52 pm to bovine1
quote:
Check out a stock chart from the late 40's until 1982. It went basically nowhere.
what? The worst stretch from any year of the 1940s to 12/31/1982 started in January 1946, and stocks returned 5.7% annualized over that stretch in price only. With dividends reinvested it averaged 10.29%.
Basically nowhere though…
Posted on 8/22/23 at 4:44 pm to slackster
quote:
The worst stretch from any year of the 1940s to 12/31/1982 started in January 1946, and stocks returned 5.7% annualized over that stretch in price only
Do you have a link?
Posted on 8/22/23 at 5:13 pm to meansonny
Posted on 8/22/23 at 5:56 pm to slackster
Quick question...
Do you believe that the S&P 500 is the top 500 companies?
Or is it the top 500 companies at a given moment?
It isn't the same companies over the years. It fires the "losers" and "stagnants" and replaces them with the "winners" and "hottest entities".
If you track the same companies without replacing them (like the indexes does), you get no where near the same returns in a prolonged run.
Do you believe that the S&P 500 is the top 500 companies?
Or is it the top 500 companies at a given moment?
It isn't the same companies over the years. It fires the "losers" and "stagnants" and replaces them with the "winners" and "hottest entities".
If you track the same companies without replacing them (like the indexes does), you get no where near the same returns in a prolonged run.
Posted on 8/22/23 at 6:01 pm to bovine1
quote:
I got my time period a little wrong you got me. I'm getting old and think slower. On 3/2/90 the nikkei was at 34,057. Now it's 27385 ish. Dead money for 33 years. Markets don't always go up for long periods historically. That's my point. I'm not trying to start a data war because you young guys can outthink me all day long but I've invested since 1982 in many markets. Stocks, bonds, futures, and currencies. My only point is that I think it's very helpful to constantly question yourself and try to figure out what your missing that could hurt you in the market. That's it and it's my opinion only. Good investing to all here.
Yeah, I recall when Japan became a financial juggernaut and was buying up real estate all over the world, especially in the US. That didn't end well for them.
Posted on 8/22/23 at 6:26 pm to meansonny
quote:
If you track the same companies without replacing them (like the indexes does), you get no where near the same returns in a prolonged run.
So you mean to tell me that if you follow some made up list of companies that isn’t the same list as the SP500 then you will get different returns than the SP500? That’s just crazy.
Posted on 8/22/23 at 6:45 pm to bod312
quote:
That’s just crazy.
It is more realistic a number than dropping all of the loser companies from the list and replacing them with the next Shohei Ohtani.
Are you surprised at the results of the DJIA and S&P when it is continually replacing the shite with shinola year after year?
This post was edited on 8/22/23 at 6:46 pm
Posted on 8/22/23 at 6:50 pm to meansonny
Why is that more realistic? If I buy an index fund it is following the index and dropping the losers and adding the winners just as the index.
Why would the assumption be that you buy a single snapshot of the SP500 and it never changes?
Why would the assumption be that you buy a single snapshot of the SP500 and it never changes?
Posted on 8/22/23 at 6:53 pm to bod312
quote:
Why is that more realistic?
Because the initial post that started this tangent was about a stock chart.
Individual stocks.
Not an index that dumps individual stocks when the next hottest thing rolls along.
Posted on 8/22/23 at 6:53 pm to meansonny
quote:
Do you believe that the S&P 500 is the top 500 companies? Or is it the top 500 companies at a given moment?
It’s neither.
quote:
It isn't the same companies over the years. It fires the "losers" and "stagnants" and replaces them with the "winners" and "hottest entities".
And? I never understand this argument. It doesn’t replace them retroactively. Tesla was added on 12/21/20 and is effectively flat since then, so S&P 500 index funds haven’t benefited from its inclusion at all. In fact, the stock it replaced, AIV, has outperformed it tremendously.
You can very easily track the index, and that tracking would have returned 10%+ with dividends in that “flat” 36 year stretch mentioned earlier.
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