Search found 122 matches

by broadstone
Thu Jan 07, 2021 10:22 am
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 30477

Re: If you bought Bitcoin, when do you plan to sell?

I won't be selling for the next 10 years. I see BTC going as high as $500k with possibilities of $1m+ being achieved. A severe correction and panic sell will likely happen once the $50k price is hit, I'll be buying more at $20k and holding for life. The reward to risk for Bitcoin is insane. Probably...
by broadstone
Sun Jun 21, 2020 3:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I went 100% cash several weeks ago as I have friends who work the financial markets in Hong Kong who had warned me about the China signs. I thought the worse that happens is I hop out and hop back in if it turned out to be noise about nothing. Well, I haven't bought back in yet. Turns out these fin...
by broadstone
Wed Jun 03, 2020 10:44 am
Forum: Personal Investments
Topic: Thinking of investing in VGHCX and/or Biotech - good or bad?
Replies: 16
Views: 1773

Re: Thinking of investing in VGHCX and/or Biotech - good or bad?

According to https://investor.vanguard.com/mutual-funds/profile/performance/vghcx , VGHCX has been doing very well since 1984 returning 16% annually which is far better than VTSAX: https://i.ibb.co/DMdfJ0H/Screen-Shot-2020-06-03-at-11-37-57-AM.png So what's the downside of this fund other than the o...
by broadstone
Thu Apr 21, 2016 11:09 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

...But you're entitled to your opinion... I can't resist putting my 2 cents in here. Broadstone, I commend you on keeping a pretty dang consistently civil discourse in this thread. I also commend the majority of other posters expressing opinions directly apposed to yours. They have been quite stron...
by broadstone
Thu Apr 21, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

packet wrote:
broadstone wrote:...Ok HomerJ this makes sense to me...
I can't remember if I've posted one of my favorite links in here or not... and I'm too lazy to search... so...

Please take 5 minutes and read this: Bob, the world’s worst market timer

:beerCheers,
packet
Thanks, that is a terrific article
by broadstone
Wed Apr 20, 2016 10:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Yes, but it could be 30/70 or 70/30 or you could substitute CDs for some bonds, etc. If the crash does happen like you think it will, you can still exchange cash or bonds for stocks, and if a crash doesn't happen, you'll get to participate in the rising stock market with at least some of your money...
by broadstone
Wed Apr 20, 2016 4:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Either outcome is good for the Bogleheads. If the markets continue to steamroll up, your IRA's will be worth more, my cash will be eaten away by inflation and you can tell me how wrong and foolish I am, and if the markets correct, it will present a great buying opportunity for you to buy more and b...
by broadstone
Wed Apr 20, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Problem for me is I don't have time on my side as I was late to the investment party. You're in your 40s... You have plenty of time. Options: (1) Invest 50/50, market drops 50%, then slowly heads back up... In 10-20 years, you still end up (very likely) with some decent average returns. (2) Invest ...
by broadstone
Wed Apr 20, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I never wanted to be a market timer as I don't have the stomach for it and in my heart, I'm a true Boglehead. But there are so many warning sayings, proceed with extreme caution, that I can't ignore them anymore. The warning signs were there in 2007 and they're back now. History will repeat itself....
by broadstone
Wed Apr 20, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

(April 19, 2016) I never wanted to be a market timer as I don't have the stomach for it and in my heart, I'm a true Boglehead. But there are so many warning sayings, proceed with extreme caution, that I can't ignore them anymore. The warning signs were there in 2007 and they're back now. History wi...
by broadstone
Tue Apr 19, 2016 1:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Sometimes there are so many warning flags waving that you have to pay attention, other times not so much. Now is a time where technical analysis, and economic logic are screaming, hey, it's June, the ice is melting but you're still standing in the middle of the lake like it's mid winter. I never wan...
by broadstone
Mon Apr 18, 2016 6:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

US economy seems alright . If the economy was alright, the interest rates wouldn't be low and the GDP wouldn't be almost flat (soon to be negative). The bright-side is for those who have the financial ability, a once in a lifetime buying opportunity is coming. For everyone else who's fully invested...
by broadstone
Mon Apr 18, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

sharpjm wrote:
broadstone wrote:S&P on its way to 1600. I'm still 100% cash.
S&P on its way to 2100. Are you still 100% cash? If not, may I ask at what point and why you chose to buy back in?
Yes, still 100% cash. I'm happy to sit on the sidelines for this one.
by broadstone
Thu Feb 11, 2016 10:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

S&P on its way to 1600. I'm still 100% cash.
by broadstone
Wed Jan 20, 2016 3:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Homer was paraphrasing, I wouldn't say that make's one foolish. Below is your actual quote, which by the ambiguity of it causes many posters to dismiss any claims you make for having done what now looks good in hindsight. But what should you care if no one on the Bogleheads message board believes y...
by broadstone
Wed Jan 20, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I believe the S&P will fall to about 1600 which is when I'll be re-investing. I am curious though... What will change with the U.S. debt situation when S&P 500 drops to 1600? It was only a matter of time the USA's massive debt sunk the stock market. Lack of confidence is one of the reasons ...
by broadstone
Wed Jan 20, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I believe the S&P will fall to about 1600 which is when I'll be re-investing. Oh, will the U.S. debt problem be fixed when the S&P 500 drops to 1600? That was the reason you gave for getting out of the market in the first place. Still, good that you finally gave a real number... That last p...
by broadstone
Thu Jan 14, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I'm still 100% cash since my last post late 2015. Rubbing hands together waiting for the big correction that fundamentally has to happen. :sharebeer In your last post on this subject in September, you wrote an ambiguous post: "As promised...I will be switching from a cash position Thursday or ...
by broadstone
Wed Jan 13, 2016 5:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I'm still 100% cash since my last post late 2015. Rubbing hands together waiting for the big correction that fundamentally has to happen. :sharebeer In your last post on this subject in September, you wrote an ambiguous post: "As promised...I will be switching from a cash position Thursday or ...
by broadstone
Wed Jan 13, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I'm still 100% cash since my last post late 2015. Rubbing hands together waiting for the big correction that fundamentally has to happen. :sharebeer
by broadstone
Wed Dec 09, 2015 1:55 pm
Forum: Investing - Theory, News & General
Topic: Fear of Bonds...what to do?
Replies: 56
Views: 8246

Re: Fear of Bonds...what to do?

larryswedroe wrote:Iceport

So for me with taxables you buy CDs mainly (if available to you, and they aren't in 401k plans) and add Treasuries/TIPS and government agencies and for munis stick with AAA/AA and ONLY GOs and essential services.

Larry
What bonds to buy in non-taxables?
by broadstone
Wed Dec 09, 2015 1:47 pm
Forum: Personal Consumer Issues
Topic: Boglehead cell phone strategy
Replies: 146
Views: 23444

Re: Boglehead cell phone strategy

1. Buy an iphone on ebay
2. Sign up for Straightalk , buy a cheap simcard and pay $45 per month, no contract, unlimited mins / texts.

Or if you can live without an iphone, Republic Wireless is the way to go.
by broadstone
Wed Dec 09, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to another country - converting currency
Replies: 9
Views: 2038

Re: Moving to another country - converting currency

https://transferwise.com/ is the best I've ever used. I transfer money frequently.
by broadstone
Mon Sep 14, 2015 10:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

As promised...I will be switching from a cash position Thursday or Friday if Fed announces what I think they will. If not, I'll be staying 100% cash.
by broadstone
Thu Aug 27, 2015 5:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

nisiprius wrote: Was this "the calm before the storm" or "the end of the storm?"
Definitely the calm before the storm. You will see a bounce upwards / downwards before the real correction happens.
by broadstone
Thu Aug 27, 2015 10:41 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Bought COP and CVX on Friday, I know a day early and MRO on Monday (expecting them to get taken over eventually).....but hey, I'm planning to be in it for at least the next 25 years........but as you say, if they go down further, I'll be waiting......... But wait, I thought Bogleheads didn't buy si...
by broadstone
Wed Aug 26, 2015 9:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Wednesdays gain will provide false security. It's the calm before the storm (downward).
by broadstone
Wed Aug 26, 2015 10:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

greg24 wrote: I look forward to your announcement two months after the fact.
Such negativity once again.
by broadstone
Wed Aug 26, 2015 10:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

This is not to say what he is saying makes sense (of course it is "possible" that we have flat returns for 10 years. Lots of things are "possible"). I'm waiting for his post telling us when he gets back in! Or maybe a post telling us how he will know to get back in. As promised,...
by broadstone
Wed Aug 26, 2015 10:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Broadstone, There is about a 0.1% chance that you went to cash due to your skill in knowing what was going to happen in 30 days time. Face it, you do not have that kind of skill. No one does, unless they have inside information. The reason your posts are causing so much negativity is because they s...
by broadstone
Wed Aug 26, 2015 9:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

We turn salty because we've seen this EXACT same post numerous times over the years. "obvious red flag warning signs". We see that written every couple of months. We've seen numerous 5%-10% drops, followed almost immediately by people claiming "Oh I went 100% cash last month. It was ...
by broadstone
Wed Aug 26, 2015 8:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Uncle Pennybags wrote:
broadstone wrote: These claims may be old but they are true. I wrote on Aug 12th about this "correction".
Where? Start a thread with your predictions, I can't wait.
Here :D :

viewtopic.php?f=10&t=80065&start=1400
by broadstone
Tue Aug 25, 2015 9:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

We really need a thread dedicated to market timers' predictions made at the time the decision was made. These after-the-fact claims are getting old. These claims may be old but they are true. I wrote on Aug 12th about this "correction". I don't understand why the board turns salty when pe...
by broadstone
Tue Aug 25, 2015 5:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I went 100% cash several weeks ago as I have friends who work the financial markets in Hong Kong who had warned me about the China signs. I thought the worse that happens is I hop out and hop back in if it turned out to be noise about nothing. Well, I haven't bought back in yet. Turns out these fina...
by broadstone
Fri Aug 21, 2015 1:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

These upcoming turbulent times are a good reminder why diversification is so important and why your retirement shouldn't be entirely in stocks and bonds or in the market in general.

Index funds + Real Estate rentals + Peer 2 Peer Lending + CD's = a good nights sleep.
by broadstone
Fri Aug 21, 2015 12:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

Shame it's Friday. This lovely correction could have kept going. It was only a matter of time the USA's massive debt sunk the stock market. Add China and you have a potent financial bomb waiting to explode. As I said a couple of weeks ago, this will be a once in a decade buying op so dig up your cas...
by broadstone
Fri Aug 21, 2015 9:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

These "buying opportunities" some are getting so excited about are likely to amount to next to nothing 10 years from now. But hey, if it makes some feel better, I guess.... You don't have to get out in order to make money long-term in the market. Trying to beat the market by being out dur...
by broadstone
Fri Aug 21, 2015 9:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

DougA wrote:
Today, may be a great day to tax loss harvest. Never look a gift horse in the mouth.
What the heck is Tax Loss Harvesting?
by broadstone
Wed Aug 12, 2015 3:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

HomerJ wrote: Also, please post when you get back into the market... I'll go ahead and let you claim you got out 2 months ago... but please real-time post when you get back in.

Good luck to you!
I will post, promise.
by broadstone
Wed Aug 12, 2015 3:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

These "buying opportunities" some are getting so excited about are likely to amount to next to nothing 10 years from now. But hey, if it makes some feel better, I guess.... Well you can continue to think that but you can be sure there will be a large correction at some point. History tell...
by broadstone
Wed Aug 12, 2015 10:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22109
Views: 2944086

Re: U.S. stocks in freefall

I liquidated to cash 2 months ago. The buying opportunity China will cause could be a once in a decade opportunity, so better start digging up the tins of cash from your backyard (gentle nod to Vegas Vacation movie). :sharebeer
by broadstone
Mon Jul 27, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Question about ISA's in the United Kingdom
Replies: 2
Views: 331

Re: Question about ISA's in the United Kingdom

Thanks for the info. When the bonds mature she will have to do something with the money. I presume she will tax on the bond interest just as she would on a savings account. Any other suggestions for where to place the money without placing too much risk? I don't think she needs the money as she has ...
by broadstone
Mon Jul 27, 2015 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question about ISA's in the United Kingdom
Replies: 2
Views: 331

Question about ISA's in the United Kingdom

I wonder if anyone might know anything about a dilemma my mother is facing. She is 78 years old and retired. My dad recently passed away and my mother has little knowledge of financial matters. She has 2 bonds that are maturing and she wants to move them to Easy Access savings accounts temporarily u...
by broadstone
Fri Jul 24, 2015 5:58 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 9668

Re: Why I Said "No" to Peer-to-Peer Lending

jhfenton wrote:I live in Ohio, so P2P lending is not an option. (Ohioans can P2P borrow, but not lend.)
Ahhh America, the land of freedom :oops:
by broadstone
Fri Jul 24, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: Where do you put your cash?
Replies: 73
Views: 14197

Re: Where do you put your cash?

Everbank is offering 1.01% with a 6 mo. bonus raising the rate to 1.4%

https://www.everbank.com/banking/money-market
by broadstone
Fri Jul 24, 2015 10:46 am
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 9668

Re: Why I Said "No" to Peer-to-Peer Lending

I'm a fan of P2P but I wouldn't' lend to any P2P platform offering unsecured loans. I do however invest overseas in some platforms whose loans are secured by real estate and jewelry where I always pick the loans. Returns have been in the 12% range. I would also consider a US platform such as Fundri...
by broadstone
Fri Jul 24, 2015 10:31 am
Forum: Personal Investments
Topic: Investing the proceeds from the sale of your home
Replies: 8
Views: 1214

Re: Investing the proceeds from the sale of your home

You didn't mention your income or job situation, but if it were me (42), I would be paying the mortgage down further. But I don't like debt, $800k of it would keep me up at night, letting the bank play with my money makes me ill. Having a paid off home feels great! And the cash flow it creates for r...
by broadstone
Thu Jul 23, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 9668

Re: Why I Said "No" to Peer-to-Peer Lending

I'm a fan of P2P but I wouldn't' lend to any P2P platform offering unsecured loans. I do however invest overseas in some platforms whose loans are secured by real estate and jewelry where I always pick the loans. Returns have been in the 12% range. I would also consider a US platform such as Fundris...
by broadstone
Thu Jul 23, 2015 10:19 am
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 100
Views: 27158

Re: The "No Bonds" portfolio

So if I'm understanding correctly, within an IRA, only choice is bond funds or no bond funds aside of a mix of Lifestrategy type investments?
by broadstone
Tue Jul 21, 2015 4:40 pm
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 100
Views: 27158

Re: The "No Bonds" portfolio

So if not bonds in an IRA, what is the alternative aside of 100% equities?