Search found 160 matches

by jackpullo997
Thu Aug 07, 2014 12:02 pm
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 11445

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

Jack, I'd like to see results from 2009 to current date, but I can't change time. Can you provide those results? thanks, Paul Paul, the Start Date cannot be a weekend. Try adjusting the date, not just the year. Please share your results and reactions, but it's obvious that if you isolate just a mon...
by jackpullo997
Thu Aug 07, 2014 11:59 am
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 11445

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

I changed the date to 1/3/2008 and SPY won. These type of strategies may work sometimes, but other times they don't. You need to check over multiple starting and ending points. And there are thousands of people trying these strategies, including big trading houses with Harvard/MIT grads using all s...
by jackpullo997
Thu Aug 07, 2014 11:41 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

15 years is too short? LOL. The whole point of that website is to backtest MA timing. What do you use the website for? What else can it even do? What do you not understand about month end? If there is a cross, and it holds by month end, make the trade. This reduces daily whipsaws when the security i...
by jackpullo997
Thu Aug 07, 2014 11:11 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

A few posters asked me to clarify my stance on market timing vs. buy and hold. It seems Bogleheads have conflated the advantages of indexing (true) with inability to time the market (false) Well, I can debunk buy and hold and prove market timing works in under 60 seconds. But, this is a buy and hold...
by jackpullo997
Thu Aug 07, 2014 11:04 am
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 11445

Moving Average Backtest destroys Buy/Hold. Try for yourself.

A few posters asked me to clarify my stance on market timing vs. buy and hold. It seems Bogleheads have conflated the advantages of low cost indexing (true) with inability to time the market (false) Well, I can debunk buy and hold and prove market timing works in under 60 seconds. But, this is a buy...
by jackpullo997
Wed Aug 06, 2014 11:53 pm
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 78
Views: 16953

Re: Riding the Rails--my Amtrak trip

If you read jazzTonight's updates in the voice of Forrest Gump, it really is precious.
I love the blunt writing style. Keep it up!!
by jackpullo997
Wed Aug 06, 2014 11:46 pm
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 15156

Re: Attitudes toward inheritances.

MathWizard wrote:Prior to a certain age, I think that huge sums of money are likely to do more harm than good.
I actually wanted 35, but my wife talked me down to 25.
[OT comments removed by admin LadyGeek]
by jackpullo997
Wed Aug 06, 2014 11:39 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

The participants in the market collectively make the market return minus expenses. The more trading you do, the more your friction costs in fees and taxes. As a whole, the active traders will make less than those who buy and hold the broad market indexes. It can be no other way. It is just math, pu...
by jackpullo997
Wed Aug 06, 2014 11:38 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

nedsaid wrote: For heaven's sake, what are you going to know about General Electric that Wall Street doesn't know or what is available to the average investor?
You are confusing investing with trading, yet claim to know the difference.
You do not know what day trading is.
by jackpullo997
Wed Aug 06, 2014 11:36 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

What the big boys have are the most powerful computers available and the best software for trading. They also have the benefit of extensive research resources and sometimes inside information. They also hire Math PhD's. The mutual fund company that I am most familiar with requires their portfolio m...
by jackpullo997
Wed Aug 06, 2014 11:35 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

Jack, I know a heck of a lot about investing. I have worked with different people in the financial industry with my investments and I have invested through several investment firms. I have owned individual stocks, active mutual funds, index funds, ETF's, zero coupon bonds, and Certificates of Depos...
by jackpullo997
Tue Aug 05, 2014 12:26 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

This is your example of how a day trader can make 200% per year? Wall street firms pay exorbitant amounts of money to get direct feeds from news companies http://online.wsj.com/news/articles/SB10001424052702304450904579367050946606562? After the news comes in it is passed through a computer algorit...
by jackpullo997
Tue Aug 05, 2014 12:23 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

Jack, You claim your friends consistently make 1% per day. This is 250% per year. The highest paid hedge fund manager is David Tepper of Appaloosa Management. He took home 3.5 billion dollars in salary in 2013. Here is a summary of the returns of the Palamino Fund "The Palomino Fund from its incept...
by jackpullo997
Tue Aug 05, 2014 9:23 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

This guy is not in even a semipro investing category. He has a history of previously daytrading in a gambling style down to near zero the college accounts for his kids set up by the grandparents (this makes me sad for the kids that this opportunity for them was not preserved). Actually, I believe s...
by jackpullo997
Tue Aug 05, 2014 9:17 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

prudent wrote:Where are the day traders' yachts?
I know quite a few day traders who have been trading since the mid 90s SOES days.
They live a very comfortable $500k caliber lifestyle, and their kids attend the best school districts.
And yes, some even own boats and planes.
by jackpullo997
Tue Aug 05, 2014 9:14 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

I am skeptical that day trading is as easy as described above, there are Wall Street firms and professional traders doing the same exact thing. The trouble with this type of reasoning is that stocks sometimes go UP on bad news or go DOWN on good news. If the bad news wasn't as bad as the market pla...
by jackpullo997
Sun Aug 03, 2014 1:42 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

Let me give you a very simple example of what sort of trading a day traders does. While you're at work with your index ETFs invested in the general SPY, a professional day trader is watching a real time news feed. Actually, he's not, b/c today, his feeds are automated. Now, let's say the CEO of XYZ ...
by jackpullo997
Sun Aug 03, 2014 9:19 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: Best simple reference to dissuade a day trader

Lafder: Do Day Traders Make Money? Best wishes. Taylor That link is about 15 years old, and totally outdated. They are discussing SOES trading in the days before decimlization. SOES market making was the advent of the first wave of electronic day traders. Yes, day traders were market makers. Let's ...
by jackpullo997
Sun Aug 03, 2014 8:43 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: Best simple reference to dissuade a day trader

Lafder: For the typical retail investor, day trading isn't investing, it's gambling. If you want to gamble, go to Las Vegas; the food is better. The following would be more accurate, based on the professional traders I know. For the typical professional trader, trading isn't gambling, it's trading....
by jackpullo997
Sat Aug 02, 2014 3:02 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

What does gambling have to do with daytrading? Do you think they are they playing stock bingo? They just pick a random stock, close their eyes, set a timer for 5 minutes to sell, and and cross their fingers it goes up in that time? To be blunt, I have a distinct impression most people here don't eve...
by jackpullo997
Sat Aug 02, 2014 12:44 pm
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

meowcat wrote:The bottom of the ocean is littered with sunken day trading ships. Very few remain afloat even after a very short period of time. I do not believe there are many long term day trading ships afloat.
Do you have actual evidence for this, or are you just parroting what you heard everyone else say ?
by jackpullo997
Sat Aug 02, 2014 12:32 pm
Forum: Personal Consumer Issues
Topic: Any other travel freaks?
Replies: 117
Views: 12307

Re: Any other travel freaks?

We are travel freaks and are travelling extensively with our now 1 year old. Went to NYC, France, Las Vegas, Boston, India, PHX, Austin, Turkey, Greece, Toronto last year. Trips booked for Puerto Rico, SFO, Denver, Ireland, Poland, Sweden, NYC so far this year. More trips planned - we spend a lot o...
by jackpullo997
Sat Aug 02, 2014 11:58 am
Forum: Personal Consumer Issues
Topic: Riding Mower Help Needed
Replies: 59
Views: 15548

Re: Riding Mower Help Needed

FOR JUST MOWING? $1499 new
http://www.homedepot.com/p/John-Deere-D ... /204780321

OR FOR HAULING?
by jackpullo997
Sat Aug 02, 2014 11:44 am
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 7389

Re: ? Best simple reference to dissuade a day trader

Some people make $10,000,000 a year running restaurants. Others just get by. Others lose money. This is an index investing forum, and you will never get truly objective advice here. Most people here probably don't even know what real daytrading entails. What do you think HF trading is about? When th...
by jackpullo997
Sat Aug 02, 2014 11:28 am
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 11918

What is your most memorable 1 week vacation?

I need vacation ideas.
What is your most memorable 5-7 day vacation?
One that truly was worth it, and why?
by jackpullo997
Fri Jul 18, 2014 2:01 pm
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 19314

Re: High end purses

Go for it. Some people prefer to have a 7-figure portfolio, while presenting themselves to the world as homeless bums. Your wife sounds like she has a little more style than some generic geek wearing pleated khakis and Crox. You might like this thread http://www.bogleheads.org/forum/viewtopic.php?f=...
by jackpullo997
Thu Jul 10, 2014 6:28 pm
Forum: Personal Consumer Issues
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 107
Views: 21207

Re: A $1000 lesson on how manipulative salespeople can be?

What exactly did this girl buy for $4000 ??
by jackpullo997
Thu Jul 10, 2014 6:28 pm
Forum: Personal Consumer Issues
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 107
Views: 21207

Re: A $1000 lesson on how manipulative salespeople can be?

The fault is yours. You made the deal, and signed the line.

DON"T BUY STUFF YOU CAN NOT AFFORD
In fact, I think you should watch this 2 mins clip right now.

https://screen.yahoo.com/dont-buy-stuff-000000884.html
by jackpullo997
Thu May 22, 2014 4:44 pm
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 28272

Re: "Get out of bond funds"

Manks wrote:For example, how exactly will the 'impending interest rises' affect bond funds influencing people to shy away from or leave this asset class.
Bond prices move inversely with interest rates.
Longer maturity is even more sensitive.

Also, if the economy slows, default risk increases.
by jackpullo997
Thu May 22, 2014 4:38 pm
Forum: Personal Investments
Topic: How to Attack Wife's Student Loans
Replies: 25
Views: 2796

Re: How to Attack Wife's Student Loans

Don't pay off her debts.
Make her work for it.
by jackpullo997
Fri May 09, 2014 6:25 pm
Forum: Personal Consumer Issues
Topic: Computer security -- a paradigm shift?
Replies: 55
Views: 7036

Re: Computer security -- a paradigm shift?

As to banking security, I'm increasingly a fan of SMS/text messages for customizable alerts (I really wish Vanguard had this). A check over a certain amount, get a text, an on-line charge, get a text, etc. I was in a hotel abroad, paid the bill with my CC, and immediately my phone buzzed telling me...
by jackpullo997
Fri May 09, 2014 4:54 pm
Forum: Personal Consumer Issues
Topic: Article on Pricey Wedding Attendance
Replies: 15
Views: 2544

Re: Article on Pricey Wedding Attendance

Don't like it? Don't go.
by jackpullo997
Thu May 08, 2014 9:39 pm
Forum: Personal Consumer Issues
Topic: Should I buy a fun car?
Replies: 59
Views: 6989

Re: Should I buy a fun car?

What sort of fun car?
Used fun cars are very affordable.
Absolutely buy the car.

This forum used to be full of misers clipping coupons, and bashing anyone who didn't,
but it seems the balance is much healthier here now.
by jackpullo997
Thu May 08, 2014 9:38 pm
Forum: Personal Consumer Issues
Topic: Should I buy a fun car?
Replies: 59
Views: 6989

Re: Should I buy a fun car?

Was frugality a mistake? The downsides of saving too much.
http://www.bogleheads.org/forum/viewtopic.php?t=135253
by jackpullo997
Thu May 08, 2014 9:30 pm
Forum: Personal Consumer Issues
Topic: Pay a higher mortgage to get house you want?
Replies: 13
Views: 2451

Re: Pay a higher mortgage to get house you want?

Cosmo wrote:Do they want to live in a half decent school district?
Do they want to live in a lower crime or higher crime area?
Do they want to live near a lot of ammenities and have a relatively short commute time?

Unlike in investing, you really do get what you pay for.

Cosmo
Well said.
by jackpullo997
Sat May 03, 2014 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Why am i stressed after being laid off? (3yr expenses saved)
Replies: 15
Views: 3343

Re: Why am i stressed after being laid off? (3yr expenses sa

You are stressed b/c you have no idea where your next job is coming from
and have no idea what your life will be life in the future.

This will also drastically impact your mating opportunities.

Stress is pretty normal if you ask me.
by jackpullo997
Mon Apr 21, 2014 9:29 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 48721

Re: Frugality regret: What thing do you regret not spending

I regret renting for 10 years from age 20-30, when i could've bought a small condo and made money on it. Or at least broke even. That cost me a lot. I regret not buying the regular honda or toyota, instead of more exotic cars that broke down and cost more money. You don't seem to understand the int...
by jackpullo997
Sun Apr 20, 2014 7:05 pm
Forum: Personal Investments
Topic: Typical fees for an account with Morgan Stanley ?
Replies: 20
Views: 11113

Re: Typical fees for an account with Morgan Stanley ?

Great reply by Les Nessman. So, you got: * obnoxiously costly $100 executions ($10 trades have been around for what 15 years now?) * 1%+ mutual funds expense ratios * charged 1.5% of AUM for an underperforming "tactical" market timing model. In summation, what a steaming pile of dung. Good riddance ...
by jackpullo997
Sun Apr 20, 2014 2:39 pm
Forum: Personal Investments
Topic: Typical fees for an account with Morgan Stanley ?
Replies: 20
Views: 11113

Typical fees for an account with Morgan Stanley ?

Cross posting this b/c I am still new here.. Friend is reading some blog called MoneyMustache and is now talking about Index funds and Vanguard. He's wondering about the fees he's been paying on his $350k IRA account there. I said there are 3 layers of fees he might be subjected to: 1) Front end Loa...
by jackpullo997
Sun Apr 20, 2014 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: You can lead a horse to water... [Giving financial advice]
Replies: 50
Views: 7192

Re: You can lead a horse to water... [Giving financial advic

Over the past year, I've loaned them a few thousand dollars for such things as heating oil. I have no expectation of having that repaid. Quick update: They just repaid half of what I loaned to them and have set up a schedule for repaying the balance. It's nice to be surprised like this. :sharebeer ...
by jackpullo997
Sun Apr 20, 2014 2:38 pm
Forum: Investing - Theory, News & General
Topic: Typical fees for an account with Morgan Stanley ?
Replies: 3
Views: 843

Typical fees for an account with Morgan Stanley ?

He's been reading some blog called MoneyMustache He's now wondering about the fees he's been paying on his $350k IRA account there. I said there are 3 layers of fees he might be subjected to: 1) Front end Load Mutual funds. Does anyone know if these slimeball things even exist any more? 2) Probably ...
by jackpullo997
Fri Apr 18, 2014 8:03 am
Forum: Personal Consumer Issues
Topic: How to avoid ads and not get tracked
Replies: 49
Views: 4587

Re: How to avoid ads and not get tracked

If you use AdBlock, who cares about Ghostery?
Tracking software is to customize ads.
But, if you don't see ads, who cares about being tracked?

OP, what are you doing online that you're so worried about?
by jackpullo997
Fri Apr 18, 2014 8:00 am
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 160
Views: 23123

Re: Bogleheads 2014 Hedge fund contest

Sorry, but "no trades for an entire year" is not a hedge fund.
Totally misnamed contest.
by jackpullo997
Fri Apr 18, 2014 7:43 am
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 48721

Re: Frugality regret: What thing do you regret not spending

clevername wrote:I really regret not going inside the Colossium in Rome because I was too cheap to pay the 15 euros to get in. I was 20 doing the whole shoestring backpacking thing but still. :oops:
Maybe this will help
https://www.youtube.com/watch?v=qT3FKR-acIw
by jackpullo997
Thu Apr 17, 2014 8:17 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 48721

Re: Frugality regret: What thing do you regret not spending

protagonist wrote:Except I never recall anybody regretting not making more money.
That may be due to not knowing what they missed out on.
Maybe they would have completed all their undone items if they had more money.
by jackpullo997
Mon Apr 14, 2014 1:23 pm
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 18298

Re: KeePass vs LastPass

How do you access your websites from a PC that isn't yours.
The website redirect blatantly did not work for me, which was yet another deal breaker.
by jackpullo997
Mon Apr 14, 2014 10:35 am
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 18298

Re: KeePass vs LastPass

Total headache that isn't worth the learning curve. I have unique passwords for each financial site and my emails. The rest can all use a junk shared password like forums. If anyone wants to hack into BH and post as me, what do I care. No one's ever gonna do that. Lastpass is NOT worth the massive h...
by jackpullo997
Mon Apr 14, 2014 6:18 am
Forum: Personal Consumer Issues
Topic: Chess.com is The Bomb
Replies: 10
Views: 1861

Re: Chess.com is The Bomb

I prefer the Free Internet Chess Server . It's far less commercial. And that's why it's terrible compared to chess.com I love how chess.com is cross device compatible, and I can export my game history directly into the forums for analysis.. A pro quality tool, not some amateur website slappped toge...
by jackpullo997
Mon Apr 14, 2014 6:12 am
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 18298

Re: KeePass vs LastPass

I tried LastPass and found it to be terrible. It didn't even work right. Totally buggy. Was prefilling the wrong passwords. If you have 2 accounts on the same website, forgetabout it. This thing chokes and confuses itself, and risks locking you out of both accounts. It also was not able to log me on...
by jackpullo997
Sun Apr 13, 2014 8:54 am
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 48721

Re: Frugality regret: What thing do you regret not spending

I should spend more money on having house and yard improvements done. I am always thinking I will do it myself, that it is nonsense to pay other people money for things I can do myself, then the projects drag on forever unfinished, esp. as I get older. The reason we save is to make life easier. Hir...