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Started By
Message
re: What Is There To Be Bullish About?
Posted on 8/25/22 at 9:03 am to FLObserver
Posted on 8/25/22 at 9:03 am to FLObserver
quote:It is absolutely not a great strategy...what if -25% never comes? When do you get back in? How long do you wait? What if the market goes up from here?
What? you mean sitting on your cash for 2 years waiting for the big crash is not a great strategy?
This is market timing - by definition. Here's a hypothetical for a client with $100k of cash available to put in the market:
--S&P 500 drops 18%
--Me: "Wait until the return gets to -25%..."
--S&P 500 never gets to -25% and is actually up +8% from the bottom several months later.
--Me: "It'll get there. Wait until the -25% comes..."
--S&P 500 is up another 6% a year later.
--Client: "So because you keep telling me to wait, I have lost out on a 14% gain in less than two years? That's $14k I missed out on..."
And that is when I get fired and sued. If a do-it-yourselfer wants to try and do all that themselves, then go for it. As for me, a fiduciary, who wants my clients to make money over a long period of time, that's an absurd strategy to take.
1
Posted on 8/25/22 at 9:46 am to Niner
Why don’t you tell the client the truth?
You know, that we live in a failing banana republic with a fake economy
You know, that we live in a failing banana republic with a fake economy
Posted on 8/25/22 at 9:49 am to I Love Bama
quote:I am that gentleman and I do think the majority of those who actually post on this board are gamblers that try and make money fast on speculative strategies they can't afford. If you think your strategies are "smart" and time tested, I would firmly disagree. Most people who try what you are doing would be ruined financially.
My response was directed to the gentleman who thinks this board is just a bunch of gamblers when in fact most invest the "smart" and time tested ways.
Again, you made some very risky bets and made a lot of money. Just because you came out on the winning side doesn't mean what you did was "smart". If Warren Buffett bought $100 million of Beanie Babies in 1995 because he thought it was a good investment, would you consider that "smart"? Hell no. Can he afford to do it? Hell yea.
Just because you bought X number of Bitcoins when they were worth $5,000 and it paid off doesn't make it smart or time tested. It sounds like you were simply able to afford the risk (though I don't know that for sure).
Posted on 8/25/22 at 9:50 am to el Gaucho
quote:
You know, that we live in a failing banana republic with a fake economy
The truth is painful for most to acknowledge .
Posted on 8/25/22 at 10:23 am to I Love Bama
Boomers parents did like 8 hours at the factory or coal mine and went and got drunk at the bowling alley then hopped in the studebaker and went home to a hot meal
Instead of continuing this amazing lifestyle boomers voted for nafta and sentenced their kids to excel spreadsheet prison for life
Instead of continuing this amazing lifestyle boomers voted for nafta and sentenced their kids to excel spreadsheet prison for life
This post was edited on 8/25/22 at 12:36 pm
Posted on 8/25/22 at 10:29 am to Niner
“Time tested strategies” aren’t going to work anymore because the entire “economy” is people selling junk made in other countries to each other and cooking the books
China steals our technological advancements before we’re even able to use them due to government red tape
Everybody weighs like 300 lbs
It’s joever bruh
China steals our technological advancements before we’re even able to use them due to government red tape
Everybody weighs like 300 lbs
It’s joever bruh
Posted on 8/25/22 at 10:44 am to el Gaucho
quote:Ah - the classic "this time it's different".
“Time tested strategies” aren’t going to work anymore because the entire “economy” is people selling junk made in other countries to each other and cooking the books
China steals our technological advancements before we’re even able to use them due to government red tape
Everybody weighs like 300 lbs
It’s joever bruh
Posted on 8/25/22 at 10:48 am to Niner
We can totally vote our way out of this amirite
Posted on 8/25/22 at 11:01 am to el Gaucho
quote:
We can totally vote our way out of this amirite
Let me get this straight - you advocate for incredibly risky, NOT time-tested investment behavior because...you think our constitutional republic is as good as dead...
I don't know how some folks on this website get sleep with the anxiety that should produce.
Posted on 8/25/22 at 11:18 am to Niner
quote:
Let me get this straight - you advocate for incredibly risky, NOT time-tested investment behavior because...you think our constitutional republic is as good as dead.
I know which premise would be easier to prove.......
Posted on 8/25/22 at 11:38 am to Niner
Just keep buying that ge stock bruh
The safe investing and the risky investing will have the same result. In 5 years they’re gonna give us good boy points instead of money based on your track record of changing your fb profile pic to a black square and support Ukraine
That is, as long as China doesn’t get us first
The safe investing and the risky investing will have the same result. In 5 years they’re gonna give us good boy points instead of money based on your track record of changing your fb profile pic to a black square and support Ukraine
That is, as long as China doesn’t get us first
Posted on 8/25/22 at 11:55 am to el Gaucho
quote:
China steals our technological advancements before we’re even able to use them due to government red tape
This is laughably wrong. Please tell us what sectors that China has higher technological advances than the U.S.
Posted on 8/25/22 at 12:30 pm to el Gaucho
quote:If you believe this, why take more risk? What even is risk?
The safe investing and the risky investing will have the same result.
quote:
5 years
Posted on 8/25/22 at 12:31 pm to Niner
quote:
Let me get this straight - you advocate for incredibly risky, NOT time-tested investment behavior
Most of the guys on this board made their money on speculative penny stocks and crypto. So you have come to the right place . In the end its all about making money so there is that. Can see how a financial advisor could have a heart attack reading most of the post/recommendations on this board
Posted on 8/25/22 at 1:58 pm to FLObserver
The financial advisor would be wondering how he’s gonna get his fees if we think for ourselves
Posted on 8/25/22 at 3:40 pm to el Gaucho
quote:
el Gaucho
Can’t believe people still fall for your trolling.
Posted on 8/25/22 at 3:48 pm to slackster
It’s not trolling
Posted on 8/25/22 at 3:53 pm to el Gaucho
quote:Yea - was pretty astounded when I first started reading the posts here. Every now and then I'll get sucked into a thread and discussion like this one.
Most of the guys on this board made their money on speculative penny stocks and crypto. So you have come to the right place . In the end its all about making money so there is that. Can see how a financial advisor could have a heart attack reading most of the post/recommendations on this board
quote:Not sure I understand. Do you ever pay anyone to do something you don't feel like doing yourself or know you can't do yourself? That defines my entire client base --> investors who have either failed trying to do it themselves or investors who can't take the anxiety and stress of making sure they're invested appropriately to meet their long-term goals. Do-it-yourselfers are terrible clients and I have sent prospects elsewhere if I felt like they were just going to call me every week to tell me how to do my job.
The financial advisor would be wondering how he’s gonna get his fees if we think for ourselves
Posted on 8/25/22 at 3:54 pm to slackster
quote:I am historically bad at recognizing a troll...
Can’t believe people still fall for your trolling.
Posted on 8/25/22 at 3:57 pm to el Gaucho
quote:
el Gaucho
When i mentioned Financial Advisor was referring to El Gaucho. Just imagine what this guy could do with your money.
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