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Missing the good old days!
06-08-2017, 09:20 AM
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#1
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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Missing the good old days!
When you could do some selling and harvest some losses.
Not wishing for a 25% down turn (knock on wood)...But this money making balanced index funds thing is profitable, low risk and boring!
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
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06-08-2017, 09:26 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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 Quote:
Originally Posted by ducky911
Not wishing for a 25% down turn (knock on wood)...But this money making balanced index funds thing is profitable, low risk and boring!
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Boring assets are better than being a boring person. 
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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06-08-2017, 09:46 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 2017
Location: City
Posts: 10,351
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Quote:
Originally Posted by ducky911
When you could do some selling and harvest some losses.
Not wishing for a 25% down turn (knock on wood)...But this money making balanced index funds thing is profitable, low risk and boring!
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I've traveled, raced sports cars, flown light airplanes, and competed in bullseye pistol to alleviate boredom. The idea of entertaining myself by doing stupid things with my investments faded and died as I learned how really stupid it is to try to beat the market. So, .... boring is good. We look at rebalancing about once a year and in many years we do nothing.
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06-08-2017, 09:54 AM
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#4
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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I'd much rather have the "boring days" of portfolio gains and taxes than the ol' days" of tax loss harvesting. There is nothing good about a portfolio loss and those nice big tax losses came with a real bad feeling in the pit of my stomach. 
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06-08-2017, 07:33 PM
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#5
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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 like boring, i remember being scared to open up the monthly statements. Late 2007-early 2009.
__________________
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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06-08-2017, 07:37 PM
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#6
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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: 17,930
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Boring is good. Tax loss harvesting is making the best of a bad situation. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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06-09-2017, 03:40 PM
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#7
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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I also would rather see minuscule gains with dividends ( if any) instead of crush. I am sure there are people who withdrew from the Market in anticipation of crush so they are ready to get in again. What worries me that if the crush would happen, the Fed's, with $4.5 trillion balance sheet will not be able to save the economy like after 2008.
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06-09-2017, 04:35 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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I like boring, but it won't last forever.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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06-09-2017, 06:30 PM
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#9
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Administrator
Join Date: Apr 2006
Posts: 23,041
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To quote Billy Joel --
"the good ole days weren't always good
and tomorrow ain't as bad as it seems".
__________________
Living an analog life in the Digital Age.
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06-09-2017, 11:22 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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The excitement you crave is just around the corner.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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06-09-2017, 11:52 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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This too shall pass.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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06-10-2017, 06:53 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by Jerry1
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He doesn't sing a doom and gloom tune in the video interview below the article.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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06-10-2017, 08:08 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 1,226
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Quote:
Originally Posted by Dawg52
He doesn't sing a doom and gloom tune in the video interview below the article.
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The editor wasn't looking for a doom and gloom story that day. 
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06-10-2017, 08:55 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,941
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Quote:
Originally Posted by Ed_The_Gypsy
The excitement you crave is just around the corner.
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I'm afraid you may be right, but then again, I've been expecting it for a while now. 
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06-10-2017, 02:58 PM
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#16
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Moderator
Join Date: Nov 2014
Posts: 9,182
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Quote:
Originally Posted by Dawg52
He doesn't sing a doom and gloom tune in the video interview below the article.
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I realized that too. It's like the write up, which quoted him, was a completely different conversation from the video interview.
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06-10-2017, 03:19 PM
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#17
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Quote:
Originally Posted by Jerry1
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Similar statement we heard from other permanent bears like Peter Schif, Mark Faber, Jim Rickards, David Stockman etc. So far the Feds actions are keeping inflation and Market stable, yet there is $4.5 trillions on their balance sheet with only talk that they somehow in a future will sell those "bad assets" , purchased to avoid much greater disaster in 2008. Most economists agree that they will not be able to bail out the system in case of next major financial crises. Only IMF has a clear balance sheet and capable of bail out similar or greater then 2008. Most likely the US$ will plunge and in that case high inflation will keep assets at present or higher dollar value.
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06-10-2017, 04:13 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
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Quote:
Originally Posted by Jerry1
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I never heard of this guy. From a Google search it looks like he started as a rich kid, then got lucky for a few years 40 years ago. After that it looks like he makes so many forecasts that once in a while he hits.
Wikipedia says he started a fund "Rogers Global Resources Equity Index" about 5 years ago. It seems to be gone. The closest I can find is "Taishin Rogers Global Resources Equity Index Core Index," which has been a spectacular loser.
Interestingly Nate Silver's data ( the signal and the noise) says that guys like this typically make worse than average predictions. Silver's speculation is that they get air time because they make extreme forecasts and are thus more entertaining than better forecasters.
Is there a track record that says his predictions are more accurate than any of the other chattering monkeys? People listen to him because ??
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06-11-2017, 06:34 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
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People listen to him because ??
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.. because he might be right someday and profit from his forecasts
__________________
May we live in peace and harmony and be free from all human sufferings.
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06-12-2017, 07:30 AM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Don't worry. I have been wrong more than I have been right.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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