I'm Done!
Moderator: Global Moderator
Re: I'm Done!
TBV,
MT may have his analogies, but that was one of the most artful pull-backs into a thread's main purpose from a well-intentioned but definite hijacking I've ever seen. Good form, sir.
MT may have his analogies, but that was one of the most artful pull-backs into a thread's main purpose from a well-intentioned but definite hijacking I've ever seen. Good form, sir.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: I'm Done!
Way to give credit where it's due.moda0306 wrote: TBV,
MT may have his analogies, but that was one of the most artful pull-backs into a thread's main purpose from a well-intentioned but definite hijacking I've ever seen. Good form, sir.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: I'm Done!
TBV's technique and execution were masterly.AdamA wrote:Way to give credit where it's due.moda0306 wrote: TBV,
MT may have his analogies, but that was one of the most artful pull-backs into a thread's main purpose from a well-intentioned but definite hijacking I've ever seen. Good form, sir.
Reading his posts is like listening to Thelonious Monk play the piano--subtle rhythms and cool focus on the main theme, no matter how far afield things drift.
Ironically, this whole thing also reminds me of the more accessible rhythms of the Pussycat Dolls.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: I'm Done!
Aww shucks!!MediumTex wrote:TBV's technique and execution were masterly.AdamA wrote:Way to give credit where it's due.moda0306 wrote: TBV,
MT may have his analogies, but that was one of the most artful pull-backs into a thread's main purpose from a well-intentioned but definite hijacking I've ever seen. Good form, sir.
Reading his posts is like listening to Thelonious Monk play the piano--subtle rhythms and cool focus on the main theme, no matter how far afield things drift.
Ironically, this whole thing also reminds me of the more accessible rhythms of the Pussycat Dolls.
- dualstow
- Executive Member
- Posts: 14292
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: I'm Done!
No deal! :D He was born in Massachusetts, but maybe we could send him to Scotland or Ireland, his ancestral homeland(s).gizmo_rat wrote:Thanks Reub, you can keep the tea but only if you have Bob Diamond back.Reub wrote: And happy Independence Day to everyone here. You too, Clive and gizmo-rat.
- dualstow
- Executive Member
- Posts: 14292
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: I'm Done!
haha. Yes! Either that or Mel Gibson's island.Clive wrote: No way for Ireland either. I vote for a halfway measure. Pack him off with a tax exempt non financial bonus of his own island between the two. Bob Diamond Island has a nicer ring and rolls easier of the tongue than does NAGP <-- link
- Pointedstick
- Executive Member
- Posts: 8866
- Joined: Tue Apr 17, 2012 9:21 pm
- Contact:
Re: I'm Done!
Sucky day for the markets; nice day for the PP!
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
- dualstow
- Executive Member
- Posts: 14292
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: I'm Done!
Even though the pp doesn't promise to work out every single day, it's interesting to see VOO or VTI* sink and then see EDV awaken like a sleeping giant and midway through the day, trounce my stock losses. Percentagewise, that is, as I trimmed EDV early on and bought more TLT and real 30-year treasuries. Still, TLT and the 30-YR's are holding up well. No complaints.Pointedstick wrote: Sucky day for the markets; nice day for the PP!
*(S&P ETF and broad US stock market ETF, respectively)
(EDV = extended duration treasuries)
- Pointedstick
- Executive Member
- Posts: 8866
- Joined: Tue Apr 17, 2012 9:21 pm
- Contact:
Re: I'm Done!
Banner day for the PP, or at least one with EDV (+2.54%) and GTU (+1.81)! SHY up 0.06%, too.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: I'm Done!
Has someone produced a list of the highest and lowest days for the PP going as far back as 1971? I only seem to recall those days where the portfolio performed less than expected (whatever that means). This makes sense to me given that investors experience more pain from a dollar lost than they experience pleasure from an equivalent dollar gained.
Nevertheless, I am extremely pleased with the portfolio's performance since crafting the original thread and continue to learn how it responds to an ever-changing economic climate.
Nevertheless, I am extremely pleased with the portfolio's performance since crafting the original thread and continue to learn how it responds to an ever-changing economic climate.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: I'm Done!
I'm happy to hear that you are in a happier place.buddtholomew wrote: Has someone produced a list of the highest and lowest days for the PP going as far back as 1971? I only seem to recall those days where the portfolio performed less than expected (whatever that means). This makes sense to me given that investors experience more pain from a dollar lost than they experience pleasure from an equivalent dollar gained.
Nevertheless, I am extremely pleased with the portfolio's performance since crafting the original thread and continue to learn how it responds to an ever-changing economic climate.
Once it "clicks" it becomes a more pleasant ride.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
- Early Cuyler
- Full Member
- Posts: 81
- Joined: Sun Mar 11, 2012 12:24 am
Re: I'm Done!
As a new PPer, I feel the exact same way. I decided to take the plunge last year and so far its been one of the few truly good decisions I've made!buddtholomew wrote:
Nevertheless, I am extremely pleased with the portfolio's performance since crafting the original thread and continue to learn how it responds to an ever-changing economic climate.
You know how I feel about handouts...cash is much more flexible, hell, cash is king!
Re: I'm Done!
Welcome to the forum. Whether you actually are "that" Emelianenko or you honor him with your nickname you'll have many chances to witness the strength and robustness of HBPP.Emelianenko wrote:As a new PPer, I feel the exact same way. I decided to take the plunge last year and so far its been one of the few truly good decisions I've made!buddtholomew wrote:
Nevertheless, I am extremely pleased with the portfolio's performance since crafting the original thread and continue to learn how it responds to an ever-changing economic climate.
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
Re: I'm Done!
I'm sick of all these monotonous up days. So boring.
- dualstow
- Executive Member
- Posts: 14292
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: I'm Done!
LOLdragoncar wrote: I'm sick of all these monotonous up days. So boring.
Re: I'm Done!
Wow, I'm actually on vacation and spent the day at SeaWorld with the family, then came back to my hotel room and calculated that my PP gained $4,226.98 today... For anyone that actually dropped the PP earlier in the year, I'm sorry to say, you lost...
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: I'm Done!
Whoa! This PP thing can go DOWN ? :o S
Last edited by hpowders on Thu Nov 01, 2012 4:25 pm, edited 1 time in total.
I expect to move from 1 star adjunct lecturer to 4 star assistant professor on this forum very soon. Already a 3 star adjunct assistant professor.
- MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: I'm Done!
Will you be singing the same tune when its down $4,226.98 in a day?Storm wrote: Wow, I'm actually on vacation and spent the day at SeaWorld with the family, then came back to my hotel room and calculated that my PP gained $4,226.98 today... For anyone that actually dropped the PP earlier in the year, I'm sorry to say, you lost...
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: I'm Done!
Gold looks down over 1% today. Long govt. bonds look down today too. Today will be a test of resolve for some.
I expect to move from 1 star adjunct lecturer to 4 star assistant professor on this forum very soon. Already a 3 star adjunct assistant professor.
Re: I'm Done!
Ouch. My whole portfolio is down 0.50% I'll stop looking today.
I will stop looking at the markets.
I will stop looking at the markets.
Copy and paste has really ruined school punishments.
I will stop looking at the markets.
I will stop looking at the markets.
Copy and paste has really ruined school punishments.
Last edited by Khisanth on Fri Nov 02, 2012 9:15 am, edited 1 time in total.
- Pointedstick
- Executive Member
- Posts: 8866
- Joined: Tue Apr 17, 2012 9:21 pm
- Contact:
Re: I'm Done!
Down 0.5% in one day isn't really that bad, honestly. A stock-heavy portfolio can easily decline 2% on a totally average day. A non-average day can have you down much, much more. I just try to look at the little dips like these as good buying opportunities for any cash that I was already planning to invest anyway.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
Re: I'm Done!
Once you are satisfied that the strategy is a good fit for you over the longer term, I would ignore these daily movements.
Watching the intraday movements will just suck up your time and energy.
If you don't monitor the value of your house on a daily basis, why monitor your investments that way? They are both long term commitments.
Watching the intraday movements will just suck up your time and energy.
If you don't monitor the value of your house on a daily basis, why monitor your investments that way? They are both long term commitments.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: I'm Done!
I monitor the performance of the PP on a daily basis because I am not convinced that it will continue to perform as it has historically. Yesterday and today's performance solidifies my decision to diversify across several investment strategies. The equity markets were up 130+ points on 11/1 and as of this writing, flat on 11/2. The PP was slightly lower on 11/1 (tracking error is difficult psychologically) and substantially lower on 11/2 (GLD down 2%). Over the month of October and YTD, the PP portion of my investments has been a drag on overall portfolio performance.MediumTex wrote: Once you are satisfied that the strategy is a good fit for you over the longer term, I would ignore these daily movements.
Watching the intraday movements will just suck up your time and energy.
If you don't monitor the value of your house on a daily basis, why monitor your investments that way? They are both long term commitments.
I have additional funds to invest at this time and have decided not to increase my PP holdings.
Last edited by buddtholomew on Fri Nov 02, 2012 11:45 am, edited 1 time in total.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: I'm Done!
To each his own... But, why would you base your decisions on how the PP performs over blocks of hours rather than blocks of weeks or months??buddtholomew wrote:I monitor the performance of the PP on a daily basis because I am not convinced that it will continue to perform as it has historically. Yesterday and today's performance solidifies my decision to diversify across several investment strategies. The equity markets were up 130+ points on 11/1 and as of this writing, flat on 11/2. The PP was slightly lower on 11/1 (tracking error is difficult psychologically) and substantially lower on 11/2 (GLD down 2%). Over the month of October and YTD, the PP portion of my investments has been a drag on overall portfolio performance.
I have additional funds to invest at this time and have decided not to increase my PP holdings.
That would be like making all your health decisions by just reading your pulse.
Last edited by Gumby on Fri Nov 02, 2012 12:28 pm, edited 1 time in total.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: I'm Done!
I would say do what makes you comfortable. The PP clearly doesn't provide you with a durable sense of comfort.buddtholomew wrote:I monitor the performance of the PP on a daily basis because I am not convinced that it will continue to perform as it has historically. Yesterday and today's performance solidifies my decision to diversify across several investment strategies. The equity markets were up 130+ points on 11/1 and as of this writing, flat on 11/2. The PP was slightly lower on 11/1 (tracking error is difficult psychologically) and substantially lower on 11/2 (GLD down 2%). Over the month of October and YTD, the PP portion of my investments has been a drag on overall portfolio performance.MediumTex wrote: Once you are satisfied that the strategy is a good fit for you over the longer term, I would ignore these daily movements.
Watching the intraday movements will just suck up your time and energy.
If you don't monitor the value of your house on a daily basis, why monitor your investments that way? They are both long term commitments.
I have additional funds to invest at this time and have decided not to increase my PP holdings.
For me, the PP is a low risk strategy that does make me comfortable (7% returns YTD are quite acceptable to me). While I appreciate everyone's temptation to look in on the PP regularly, I honestly would probably almost never look in on it myself if it weren't for the discussions here about performance during different intervals. I just don't feel that pulled to look in on it. I used to be, but I'm not anymore. It's like the trees in my yard--I appreciate them and I enjoy them, but I have no temptation to dig them up to see how their roots are doing.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”