Search found 197 matches

by dspencer
Mon Oct 28, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

What would you consider to be risk parity with solely UPRO and EDV? According to Portfolio Visualizer it's about 1:2 UPRO:EDV. But that's based on data since 2009 (UPRO inception). Someone could probably do a longer analysis using simulated data. 7:3 using simulated data and VEDTX (the mutual fund ...
by dspencer
Mon Oct 28, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Just depends upon your risk tolerance.... I'm looking for something that is higher risk than 100% equities for a side play. That's far away from risk parity.... but our yield curve issue is such right now, that expected real rates of returns of even long term bonds are near zero. So duration is onl...
by dspencer
Mon Oct 28, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

But every time rates drop, people are extremely happy with their TMFs/EDVs. Rather perplexing to me. I can only assume most following this strategy have much shorter time horizons than my own. I understand your point, but people are happy when the value of their holdings go up. It shouldn't be perp...
by dspencer
Fri Oct 25, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I still have money invested in my less aggressive variant though, but have more modest goal of 1-3% outperformance over the next 20 years. I will not be disappointed if I am wrong. You won't be disappointed? I will be disappointed. However, I won't be financially ruined even if it vastly under perf...
by dspencer
Fri Oct 25, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I still have money invested in my less aggressive variant though, but have more modest goal of 1-3% outperformance over the next 20 years. I will not be disappointed if I am wrong. You won't be disappointed? I will be disappointed. However, I won't be financially ruined even if it vastly under perf...
by dspencer
Fri Oct 25, 2019 10:37 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I still have money invested in my less aggressive variant though, but have more modest goal of 1-3% outperformance over the next 20 years. I will not be disappointed if I am wrong. You won't be disappointed? I will be disappointed. However, I won't be financially ruined even if it vastly under perf...
by dspencer
Tue Oct 08, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I’m fascinated by the number of adoptees of this along with threads popping up to discuss various side angles and questions. Playing devils advocate (since I do hold a variant myself), why does someone posting about large cap growth, FAANG, momentum, or even a single stock like Amazon not garner th...
by dspencer
Thu Sep 19, 2019 9:00 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Took a quick skim of the graphs... great work! Agreed that starting date and time period viewed affects rebalancing, but depending on transactions costs, is volatility managed better through rebalancing? I'm just basing this off the principal from William Bernstein that more rebalancing allows you ...
by dspencer
Tue Sep 17, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28143

Re: Index Funds Bubble? [Michael Burry article]

I've been thinking about indexing and it's implications on the market. Please correct me if I'm way off base, but I have been considering the indexing "bubble" as more of a potential plateau (lower risk/lower return). It seems as though, the more investors favor passive investing, the more constant...
by dspencer
Tue Sep 17, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28143

Re: Index Funds Bubble? [Michael Burry article]

I've been thinking about indexing and it's implications on the market. Please correct me if I'm way off base, but I have been considering the indexing "bubble" as more of a potential plateau (lower risk/lower return). It seems as though, the more investors favor passive investing, the more constant...
by dspencer
Tue Sep 17, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I think I may be one of the remaining few, if not only one(?), to be in the original 60/40 TMF/UPRO allocation. I started Feb 22nd and was up about 50% at one point. The portfolio has taken a bit of a dip the last 10 days though. I'm now up 38% since starting. I'm not sure when/if I'll change the a...
by dspencer
Tue Sep 17, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Off topic question, what did everyone do with their whopping $10 M1 contribution in their taxable account (which was required to open an IRA). I don't plan on putting any money in the taxable account so it just sits there. I tried to buy VFMF but apparently you have to have 1 share before M1 can do...
by dspencer
Fri Sep 13, 2019 12:13 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

MotoTrojan, Are you essentially considering EDV as a leveraged fund even though it is technically not leveraged? What are you considering it's effective leverage to be? Essentially yes, although the 22% calc is simply the reduction in UPRO exposure. On the equity side you are leveraging to boost re...
by dspencer
Fri Sep 13, 2019 8:36 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Can some explain to me what the corresponding VTI/EDV ratio would be to match the 55/45 upro/tmf 60/40 VTI/EDV is risk parity 40/60 UPRO/TMF is risk parity New allocation based on historical data : 55/45 UPRO/TMF ?/? VTI/EDV To answer your original question though it looks like 70% S&P500 (VTI shou...
by dspencer
Mon Sep 09, 2019 8:08 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

To everybody: What's the proposed end game of Hedgefundie's strategy (or its variations) if U.S. rates follow the pattern of Japan and Europe? Would you still play this strategy if 10-year treasuries are at -1% and 30-year at -0.5% nominal, -2.5% and -2% real interest? If not, at what point would y...
by dspencer
Wed Aug 28, 2019 12:51 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Is anyone considering:

1. Lowering the total leverage because you believe it's too high for optimal returns and/or to reduce risk?
2. Adding any assets that would protect against an inflationary environment?
by dspencer
Fri Aug 23, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Honest question to people invested. How does it feel to know that your funds will be selling stocks today? And will load up by buying more treasuries (which have lower yields)? I'm asking from a purely psychological perspective. Doesn't it bother you? Why/why not? All I'd want to do is the exact op...
by dspencer
Fri Aug 23, 2019 8:46 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I've been a longtime lurker on this forum but this thread has gotten me to finally register. I'd like to thank HEDGEFUNDIE and others for their great ideas and contributions. I wonder if people have considered optimizing the leverage ratio together with the stocks/long term treasuries ratio. Simila...
by dspencer
Mon Aug 19, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

If we having a discussion that moves away from risk parity, and just trying to find a better way to hold equities.....how about this? https://www.portfoliovisualizer.com/test-market-timing-model?s=y&coreSatellite=false&timingModel=5&startYear=1985&endYear=2019&initialAmount=10000&periodicAdjustment...
by dspencer
Mon Aug 19, 2019 9:09 am
Forum: Investing - Theory, News & General
Topic: Confused, bummed, and concerned
Replies: 74
Views: 10911

Re: Confused, bummed, and concerned

Hi all and thanks for reading, Since getting my undergrad degree and subsequent first job 2 years ago, I immediately delved into the topic of personal finance to better understand investing/not blowing my paycheck every other week and letting my lifestyle increase. ( Doing a good job of this overal...
by dspencer
Fri Aug 16, 2019 11:23 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Sounds like 43/57 UPRO/EDV could fall in the Kelly sweet spot :). For lower levels of leverage, is there a particular rationale for leveraging the stock or bond side? Well, 43 X 3 is > 100 so some degree of leverage would be required on the equity side for my particular example. I could have replac...
by dspencer
Fri Aug 16, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

MotoTrojan wrote:
Fri Aug 16, 2019 9:57 am

Sounds like 43/57 UPRO/EDV could fall in the Kelly sweet spot :).
For lower levels of leverage, is there a particular rationale for leveraging the stock or bond side?
by dspencer
Tue Aug 13, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Can we get a "show of hands" of those posters who are participating in this excellent adventure? I'm out (for now), but this is the most intriguing thread I've ever read on this forum (market timer's classic is a close second). I am doing the original 40% UPRO/ 60% TMF using my Roth IRA which is a ...
by dspencer
Tue Aug 13, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107546

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Anyone who changed their allocation yesterday with me was rewarded for it today. UPRO up 5% with TMF flat. I haven't changed my allocation, but I did decide to rebalance to get from roughly 30/70 (UPRO/TMF) back to 40/60. Unfortunately, due to the M1 trading window I missed the 1 day gain. Oh well,...
by dspencer
Mon Aug 05, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

fellow travelers might benefit from an impromptu rebalance today. Cheers :greedy I have been fighting the urge to rebalance early for the last week as TMF grows to a larger and larger share. So far doing nothing has paid off, but I can't help but wonder if at some point I am losing the risk parity ...
by dspencer
Wed Jul 24, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Ok, I bought into this around end of May. 60/40 TMF/UPRO. Now I’m about 50/50. When should I rebalance - once a quarter? So do I wait until end of august or rebalance now since it’s deviated a bit? There's many posts devoted to how often to rebalance and there's not a consensus but I'm guessing qua...
by dspencer
Tue Jul 23, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

For the sake of argument, if the stock market has a significant drop and the Fed drops rates to near zero, would you adjust your allocation at that point? You mean the period starting in 2009 when the 40/60 original strategy went on to deliver 29% CAGR for the next 10 years (and counting)? I think ...
by dspencer
Tue Jul 23, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I will not be adjusting my allocation to any of these new approaches, and here’s why. To me, this strategy is a supercharged bet on the long run outperformance of the US economy. To the extent that the future resembles the past, the original 40/60 UPRO/TMF will outperform any alternative allocation...
by dspencer
Fri Jul 12, 2019 8:07 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I really like M1. I currently have 20% of my total portfolio with them - and a quarter of that (5%) devoted to this delightful strategy (experiment?)! I started the transfer of a 3-fund portfolio at Vanguard to M1 on Jun 10th. It's now July 12th and my money is gone from Vanguard and yet not availa...
by dspencer
Tue Jul 02, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 175728

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I had to take my 2017 CR-V in due to a bad battery. The battery dying was annoying, but it was replaced for free under warranty. They also did the A/C controller update. They said that was to get the engine temperature up faster. I asked if that was due to the oil dilution issue and they said "Every...
by dspencer
Fri Jun 14, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308343

Re: Share your story of how you got wealthy

I'd call a 50% hit a windfall loss. As I've understood things, that's the way things typically go. If ever she decides she's done with the relationship, she can lawyer up and leave with 50% of everything you have, plus your car, plus your house, plus your kids, and even your dog... and maybe even a...
by dspencer
Mon Jun 10, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Thanks for posting your idea. It's a tiny part of my overall portfolio, but it definitely adds some excitement. Hopefully it won't be a gateway to day-trading and penny stocks. How much more IRA space do you have outside this allocation :twisted: ? I'm 100% in my Roth and plan to be with contributi...
by dspencer
Mon Jun 10, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

haven't read all 39 pages(!) but somewhere you write that it might be hard not to take money off the table towards the end of your horizon. Agree, and it would surely suck for the investment to be on target after year 18 or 19 years only to experience a high drawdown. I'd want to think about pullin...
by dspencer
Mon Jun 10, 2019 1:24 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Thanks for posting your idea. It's a tiny part of my overall portfolio, but it definitely adds some excitement. Hopefully it won't be a gateway to day-trading and penny stocks. How much more IRA space do you have outside this allocation :twisted: ? I'm 100% in my Roth and plan to be with contributi...
by dspencer
Mon Jun 10, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

So I am planning on getting in on the action with my Roth IRA. I emailed M1 and they apparently charge $25 for conversions so I guess I will have that as a yearly fee to do a backdoor Roth. I think that's still cheaper than Fidelity, but might be worth considering for others in the same boat. After...
by dspencer
Mon Jun 10, 2019 10:01 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

So I am planning on getting in on the action with my Roth IRA. I emailed M1 and they apparently charge $25 for conversions so I guess I will have that as a yearly fee to do a backdoor Roth. I think that's still cheaper than Fidelity, but might be worth considering for others in the same boat. After ...
by dspencer
Mon Jun 03, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299443

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I don’t believe I’m the one being ridiculous here. Here are the Boglehead principles. Please point out which ones I am violating: Develop a workable plan Invest early and often Never bear too much or too little risk Diversify Never try to time the market Use index funds when possible Keep costs low...
by dspencer
Fri May 31, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

https://pbs.twimg.com/media/D7cUENeW0AAu-PN.jpg:large What a ridiculous graphic. An arbitrary starting time with an arbitrarily compressed time frame. Even if the pattern were identical, it wouldn't prove that their projection is correct or even probable. Could it be right? Sure. If it's not, they ...
by dspencer
Fri May 31, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 175728

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

So, did Honda's 1.5T warranty extension amount to a "secret warranty", until Consumer Reports got hold of the memo to Honda service departments? Kinda smells like it. Were they going to notify owners of this warranty extension, or will that come about because their cover was blown by CR? If you don...
by dspencer
Fri May 24, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 175728

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Honda had already recalled 591,055 vehicles due to OD in China by 2018 September: https://www.reuters.com/article/us-china-autos-honda/honda-recalls-two-more-models-in-china-due-to-engine-issue-idUSKCN1LT1XE That number was more than just a few. China received a life time extended warranty. Why sho...
by dspencer
Fri May 17, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

A paper loss, that is a temporary reduction of the value of your stock (Total Stock Market ETF), is not the same as an actual loss of stock. Because the stock value is expected to recover its price faster than any other known financial instrument. Whereas an actual loss of the stock (I.e. through d...
by dspencer
Wed May 15, 2019 3:58 pm
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 15103

Re: Help my broker is trying to freak me out

I have about $14, 000 in unrealized gains if I sold everything. I think most of that is long term but hard to get a straight answer. For US stocks I have unrealized gains as follows TBCIX $3,300 the fee is .57 POSKX $5,214. Fee is .66 CIPX $1,600. Fee is .90 BRLIX $2,440 fee is .15 DODGX $260 fee ....
by dspencer
Wed May 15, 2019 3:41 pm
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 15103

Re: Help my broker is trying to freak me out

Thank you everyone for the great advice. I felt I had read and learned a lot about the three fund portfolio but once I was talking with broker I got nervous and him saying such things as — obviously you can do as you want but not the first time I have see clients dump their well managed portfolio o...
by dspencer
Wed May 15, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

Has one person lost money while the other has lost nothing even though they started and remain in identical positions? No one lost money because of the wash rule. If they waited 30 days before buying the same stock at the same price they sold it for then they would have a realized loss. Roth IRA. Y...
by dspencer
Wed May 15, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

I will never understand the "it's not a loss unless you sell and lock it in" crowd. A paper loss IS a loss. It's quite baffling. I can only assume that some of it is just a psychological game people play and some of it is created by how the government taxes capital gains. It's probably hopeless but...
by dspencer
Tue Feb 19, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 175728

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I have spent over 2 hours dealing with Honda...to me any problem that two normal sane people cant solve over a tasty cold beverage in five minutes is something serious. This Honda deal is troubling to me in that Honda I thought was right up there with Toyota in quality and caring about their brand....
by dspencer
Fri Jan 25, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Another frugality/contentment post from Morgan Housel
Replies: 28
Views: 2607

Re: Another frugality/contentment post from Morgan Housel

Love this quote: At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds,“Yes, ...
by dspencer
Thu Jan 03, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

But seriously, suppose someone wants to sell or buy at 2% up or 2% down? What is wrong with using an ETF to get the price you want? Sure you may do better or worse if you had used a mutual fund and taken the closing price but you got what you want so you should be happy right? I don't think there's...
by dspencer
Thu Jan 03, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

Days like today make me thankful that we have ETF alternatives to mutual funds. I guess I am dense. Why does a day like today make you thankful we have ETF alternatives to mutual funds. I hold mutual funds and am a long term buy-and-hold investor. So what difference does it make if you have ETF or ...
by dspencer
Fri Dec 21, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130702

Re: U.S. stocks in free fall

Assuming that the market eventually recovers, would you rather have bought VTSAX at $73.65 (price on 9/20/18) or today's $62.40? I would rather make all my investment decisions with the benefit of hindsight. The real question is should I buy at today's price or the price in 3 months? I'm pretty sur...