Quote:
Originally Posted by Sunset
You are smarter than me.
I finally realized, every time I invest in something "safe" it ends up losing money. Maybe it's simply because if I invest in something risky, I really put effort into the decision making and pick better.
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Likely not smarter. Likely just different experiences. The other one I sold was THOPX. Good fund is a normal market. Lost 10% or so in 2015 which was related to the oil crashing. Oil price is diving again. This fund has lower quality investment grade bond.. a fair amount was in oil company bonds at that time. I'm guessing same thing now.
The market is not random. It more ebbs and flows. Most of the last month was a pretty clear down trend in stocks. Not random... that is every day jumping or falling arbitrary amounts. Seeing a trend even after the fact would be rare if it was purely random. But I'm not good at predicting the moves.
Now if I buy a fixed interest rate bond and the rates rise, I loose value in my bond. Someone will only pay me enough to get the present going rate of interest. Same thing in a bond fund... but they are trading and have to sell for redemption.
I'm sure someone much smart will point out my failings