Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Sometime back I wrote a defense of patient long term investing
Old 04-11-2016, 03:03 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Sometime back I wrote a defense of patient long term investing

I still agree with this. I suppose a successful trend following strategy is possible if one has important money in deferred or tax free accounts. Otherwise, IMO he or she needs to make a choice and commit to seeing it through. The program can't be dumb, and it can be nerve wracking, but it tends to work. I have 2 long term energy related investments, both MLPs and one essentially a royalty trust under a different legal setup, and one midstream. That they are MLPs is why I didn't sell high in 2013 or so when I cut back on other energy.

These two still show a moderate capital loss, but as I tried and failed to explain another time, I am way ahead of where I would be if I had just left this money invested in available savings offerings, due to the very much higher payouts on these two investments. However, I am way behind where I would be if I had invested this money in the S&P. That's the breaks, and this particular game is not yet over. I also sold some losing energy issues that I prematurely bought after the break. This money was re-invested in I think more robust energy issues which are all well ahead of my cost and also of many indexes, so those initial losses have been recouped and then some.

IMO, it is impossible to know if we are past the nadir in crude prices, and clearly natural gas still really stinks and that is not just mercaptans we're smelling. What gives me at least moderate confidence is that I don't think that the world can truly sign off on the fuel that has made all our modern life possible.

One thing for sure, I would invest more in technology, but I think to do this effectively would take skills and knowledge that I do not have and cannot realistically acquire. I remember in the late 90s I realized that I didn't know what any of that was about so I invested elsewhere.


Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-11-2016, 04:17 PM   #2
Full time employment: Posting here.
 
Join Date: Jan 2007
Posts: 585
Quote:
Originally Posted by haha View Post
One thing for sure, I would invest more in technology, but I think to do this effectively would take skills and knowledge that I do not have and cannot realistically acquire. I remember in the late 90s I realized that I didn't know what any of that was about so I invested elsewhere.


Ha
Hi Mikey, Us Bogelheads have pretty much accepted that No one has the "skills and Knowledge" to invest in technology or any other sector for that matter. We use Index Funds and then Go fishing.
__________________

__________________
Cut-Throat is offline   Reply With Quote
Old 04-11-2016, 05:08 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by Cut-Throat View Post
Hi Mikey, Us Bogelheads have pretty much accepted that No one has the "skills and Knowledge" to invest in technology or any other sector for that matter. We use Index Funds and then Go fishing.
LOL, I can see the point in this for sure! Glad life is still humming along for you.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 04-12-2016, 08:58 AM   #4
Thinks s/he gets paid by the post
nash031's Avatar
 
Join Date: Jun 2013
Location: Coronado
Posts: 1,486
Makes me wonder what happened with our 20-something friend who was a FOREX trader with a system his mentor had come up with... I think they've all taken a bath the last year or so. Dunno.
__________________
"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
nash031 is offline   Reply With Quote
Old 04-12-2016, 09:02 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by nash031 View Post
Makes me wonder what happened with our 20-something friend who was a FOREX trader with a system his mentor had come up with... I think they've all taken a bath the last year or so. Dunno.
Well, this swing trading I describe is as far from FOREX as Baghdad is from the Vatican. But all investing is risky in various degrees.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 04-12-2016, 11:08 AM   #6
Thinks s/he gets paid by the post
nash031's Avatar
 
Join Date: Jun 2013
Location: Coronado
Posts: 1,486
Quote:
Originally Posted by haha View Post
Well, this swing trading I describe is as far from FOREX as Baghdad is from the Vatican. But all investing is risky in various degrees.
Oh sure, I don't know why your post sparked that memory or question. It just did.
__________________

__________________
"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
nash031 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Long term loss combined with long term gain dmpi FIRE and Money 9 12-21-2012 04:27 PM
Short term vs Long term Bonds bank5 Stock Picking and Market Strategy 17 03-24-2009 04:40 PM
Sometime life just sucks! whitestick Health and Early Retirement 107 02-01-2009 09:58 AM

 

 
All times are GMT -6. The time now is 10:47 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.