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In the spirit of a book under 100 pages, I'd favor "The Investment Answer". https://www.amazon.com/Investment-Answer-Daniel-C-Goldie/dp/B0096ET3S6 Might be worth pointing them to a page about behavioral biases in investing, too. I personally started with "A Random Walk Down Wall Street"...

Arrived too late to recommend this - and from experience. In 2020 I bought beaten up stocks, 3 of which were tiny oil stocks. The lone survivor made up for the 2 bankruptcies, but my focus is on one of the bankruptcies. A day or two after the bankruptcy ... the stock started moving up. That...

You don't seem to have read my post:

You said "never"[1] which can be disproved with a single counterexample[2]. The thread title is about a bull market starting. People cannot invest retroactively in the past 3 months of stock returns. The "full year" [1] doesn't matter - only returns going forward. Even in the data you...

Yes, 1987 had +2.0% for the "full year", but someone who invested after Q1 lost 18.5%. 1987 shows +20.5% Q1 followed by -18.5% for Q2/Q3/Q4 in the data you provided. Some of those years had higher than average inflation, and Q2/Q3/Q4 only showed 1.4% to 1.8% gains (1971, 1986, 2012). A...

At one point last year, I had options that I believed would take a loss owing to events that day. But you can't sell options in the pre-market... so I bought ETFs opposite to my options to cancel / hedge my exposure. In terms of hedging, it worked really well. When I sold both my options and...

To improve on this, have a margin account. However much someone plans to contribute to their Roth IRA, borrow that on margin and contribute it. Wait for cash to be available in the Roth IRA. Then sell it in the margin account and buy it in the Roth IRA - at the same time. Upon settlement...

When someone quotes the IRS, is your time better spent: (1) digging up what Forbes lead you to believe or (2) finding out what the foremost authority on Federal taxes said?

https://www.vanguard.com/nesteggcalculator I like the few, key parameter's Vanguard uses in their simulator. Note as you pass 98% - 100%, the simulator itself has errors and limits in trying to simulate future stock market returns.

So does the stock market! :coolsmiley: https://www.investopedia.com/ask/answers/042115/what-caused-black-monday-stock-market-crash-1987.asp

I understand my situation is an outlier, but my Roth IRA was not needed for retirement. I decided I could afford my Roth going to zero, which allowed me to take bigger risks (YMMV). Three years ago Covid-19 fears caused a chunk of the stock market to be priced for bankruptcy. For each stock...

Sharpe ratio measures performance over volatility - if an investment has far lower volatility and somewhat lower performance, that's an improvement in Sharpe ratio. I'm not sure that works well in practice, as low volatility portfolios will seem like a waste in long bull markets... and the...

Why 18? Was the record 10 and it got broken... then 15 and it got broken... so now it's 18?

I've also read your later replies, but this post changes the book I want to recommend to you: "The Investment Answer" https://www.amazon.com/Investment-Answer-Daniel-C-Goldie/dp/B0096ET3S6 It's 96 pages, and a small book - it has a blue lightbulb on the front cover. It might be worth looking...

I wish. When do you think that could happen? A decade? In years past I tripped on Vanguard's enforcement of "regulation t", which means you can't do too much buying and selling of the same security before settlement ("free riding", which I solved by having a margin account). I'm happy to see...

This SEC press release from Feb 15 suggests we're going to see ETFs and stocks settle in half the time. I think this even means options trades. https://www.sec.gov/news/press-release/2023-29

My takeaway: it's not useful to predict headline CPI, but may be useful to predict Fed measures like "super core" CPI. Headline CPI forecast was 6.2%, but actual year/year CPI came in above at 6.3% and 6.4%. Yet the market was mixed... instead of a drop, S&P 500 moved up and down. Overall...

T-minus 23 minutes to CPI print for Jan 2023. Forecast is 6.2%. Even if CPI comes in on that target, I think the market gets some indigestion. After seeing back to back 0.6% CPI inflation drops (7.7% 7.1% 6.5% ...), a 0.3% drop could hint at inflation falling more slowly than expected. I'm...

For my safe cash reserves I prefer to stick with Treasuries, so I like SGOV 4.3%. https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf

If I may highlight the importance of the ATM in this comparison, withdrawing money yourself without an ATM is called a bank robbery.

The name of the video matches the name of his book, Debunked, which I read years ago. He had a lot of original views and insights in that book. I read it when I invested passively, and found it valuable and interesting.

Ken Fisher's commentary doesn't match his data. He introduces a slide around the three minute mark which shows "Hypothetical growth of $1,000,000 invested 25 years, 12/31/1996 - 12/31/2021" and then shows $10.25M for investors in theory, and $6.06M for investors in practice. First, Portfolio...

Thanks for the correction. I'm not sure where to find the value of companies 100% owned by Berkshire. Like a company acquired for $22 billion back in 1995, I haven't been able to find the current valuation. I mostly see articles focused on public holdings.

Is Berkshire that private equity firm run by Buffet? Only half joking, because he likes to buy entire companies. Berkshire's biggest drawback is its size, at 2/3rds of a trillion in market cap. When investing, that greatly limits the number of stocks where they can own a small percentage, and...

An entirely separate account sounds like a really idea to limit trading activity. I'm curious about the steps you took to get historical data and simulate trades. What website's historical data did you use? Most stock price data I've seen only show open, close, high and low. I imagine you...