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Curse of Years Ending in 7?
07-21-2017, 06:36 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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Curse of Years Ending in 7?
I thought this was a joke at first. Pretty bizarre but hard to dispute. I finally decided it's a wash when you look at the returns for the first half of the following year (e.g. xxxx8).
Beware of the curse of the number 7 in the stock market - MarketWatch
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...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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07-22-2017, 04:29 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,939
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It's just random results.
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"The mountains are calling, and I must go." John Muir
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07-22-2017, 08:04 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,332
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My rate of return for 2007 was 7.2%. Not bad and fairly average for me.
Now, the year ending in "8" was another story!
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Living well is the best revenge!
Retired @ 52 in 2005
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07-22-2017, 09:14 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Nice way to start my Saturday morning, boo. If I remember Id like to see this thread at the end of December see if they were right. I certainly hope not, green arrows on the market ending makes me happy happy.
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Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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07-22-2017, 09:24 AM
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#5
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-22-2017, 10:35 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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I really would mind If this rally becomes the longest bull run in history. I missed all the other great ones.
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Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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07-22-2017, 10:58 AM
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#7
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Full time employment: Posting here.
Join Date: May 2015
Location: Charleston, SC
Posts: 524
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Random. I've always found the Chinese Year of the Rooster to be good to me. Maybe I'm on a 12-year cycle.
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Semiquincentennial -- A Republic, if we can keep it.
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07-22-2017, 11:03 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Quote:
Originally Posted by FiveDriver
Random. I've always found the Chinese Year of the Rooster to be good to me.
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Hahhahahaha
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Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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07-22-2017, 11:10 AM
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#9
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by jazz4cash
I thought this was a joke at first. Pretty bizarre but hard to dispute.
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It is a pretty funny joke. If you try hard enough and you can make a case for pretty much anything producing a "curse".
Even more funny was this advice: "Lyons believes investors should stay vigilant".
Stay vigilant! Now there's some useful wisdom. Let me see if I can find my foil-lined vigilance beanie...
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07-22-2017, 11:47 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Quote:
Originally Posted by joeea
It is a pretty funny joke. If you try hard enough and you can make a case for pretty much anything producing a "curse".
Even more funny was this advice: "Lyons believes investors should stay vigilant".
Stay vigilant! Now there's some useful wisdom. Let me see if I can find my foil-lined vigilance beanie...
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I knew I was in for a long visit, when Id enter an apt and they had tin foil on the door. Sometimes they would be running the water nonstop. I knew about the tin foil. When I finally inquired about the water I was informed by a vigilant person they they were flushing out the evil. I never had investment conversations with these nice people. It would have been interesting.
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Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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07-22-2017, 04:39 PM
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#11
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Recycles dryer sheets
Join Date: Jul 2013
Posts: 317
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Shemitah baby!
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07-22-2017, 11:48 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,707
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Hey, at least it wasn't about a day ending in a "y"
YMMV
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Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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07-23-2017, 05:21 AM
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#13
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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I believe things happen based on unknowable future random events and economic conditions around the World that no one can predict. At some point we will get a bear market and when it does happen there will be people who will come out of hiding and say I told you so! Yet, if today you asked these same people for a guarantee about what will happen they will remain silent. Someone will be right eventually if they are always predicting doom and gloom.
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Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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