hpowders wrote:
I've been investing since 1982 and I'm still nowhere close to where I want to be as a "successful investor." Jack Bogle writes of an investor of modest means, never earning more than $25k a year, who began investing in 1974 with $500 here and there, who kept accumulating stocks and funds and NEVER sold. He followed Mr Bogle's advice to "stay the course". In 2004, his accumulated assets were worth $1,391,407. There's the role model.
I'm sorry. I should have said 10-years on average to become a successful trader. A hobbyist investor is unlikely to ever grok it without sustained and serious overeffort.
For me, $1.3 million after 30 years is woefully insufficient. After adjusting for inflation, that is worth only
$364,314.43 in 2004 dollars. But then I have higher ambitions than to be "an investor of modest means".
"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!
hpowders wrote:
I've been investing since 1982 and I'm still nowhere close to where I want to be as a "successful investor." Jack Bogle writes of an investor of modest means, never earning more than $25k a year, who began investing in 1974 with $500 here and there, who kept accumulating stocks and funds and NEVER sold. He followed Mr Bogle's advice to "stay the course". In 2004, his accumulated assets were worth $1,391,407. There's the role model.
I'm sorry. I should have said 10-years on average to become a successful trader. A hobbyist investor is unlikely to ever grok it without sustained and serious overeffort.
For me, $1.3 million after 30 years is woefully insufficient. After adjusting for inflation, that is worth only
$364,314.43 in 2004 dollars. But then I have higher ambitions than to be "an investor of modest means".
To me it's all play money since I have a very good monthly pension plus SS and no debt.
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.
We all remember what happened after August, last year. The PP turned out to be the one of the best portfolios in the market right after you posted that.
It all comes down to the fear/elation factor...
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I've obviously been reading lots of old posts in this Forum and have learned certain things about certain people.
Budd started this Topic almost 8 years ago. As Gumby pointed out above this had already been a recurrent theme with Budd. Budd seems to have remained active until nearly a year ago. Therefore, another 7 years passed from when Budd started this Topic. From memory it seems that this continued to be a recurring theme with Budd?
If all I've said is true, then would Budd be the "Doubting Thomas" of this Forum? Although my analogy fails when I cannot name who is the "Jesus" in this Forum who successful stopped Budd from doubting.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
vnatale wrote: ↑Mon Jan 20, 2020 11:23 am
I've obviously been reading lots of old posts in this Forum and have learned certain things about certain people.
Budd started this Topic almost 8 years ago. As Gumby pointed out above this had already been a recurrent theme with Budd. Budd seems to have remained active until nearly a year ago. Therefore, another 7 years passed from when Budd started this Topic. From memory it seems that this continued to be a recurring theme with Budd?
If all I've said is true, then would Budd be the "Doubting Thomas" of this Forum? Although my analogy fails when I cannot name who is the "Jesus" in this Forum who successful stopped Budd from doubting.
Vinny
I don't think anyone quite stopped him from having his doubts and worries about the PP -- particularly gold.
He unfortunately was banned, so that's why you don't see any lamentations coming from him anymore.
vnatale wrote: ↑Mon Jan 20, 2020 11:23 am
If all I've said is true, then would Budd be the "Doubting Thomas" of this Forum?
His posting conduct was more troublesome than that. He clearly had a lot of critiques of the PP, which is fine, but he posed them in an accusatory combative way. He was asked a few times, if you hate the PP so much, why don't you just stop using it and leave us alone? He'd ignore that and go back to needling. I'm not sure whether it was trolling, or if he found it therapeutic to beat up on volunteer forum members.
A recurring theme was a strawman argument where he'd say the PP failed because it didn't do X, where X is something that was never actually promised. E.g. he seemed to believe that it should never have a down day, then on every down day come in and post a sky-is-falling rant. No one ever claimed the PP is immune to down days, just that it has relatively low volatility. Etc.
Mathjak did the same thing before his (temporary) ban. It appears that the ban has been lifted and his tone has changed, which I'm happy to see. Mathjak what brought on the change of heart?
Budd’s posts began as contrarion takes on the HBPP performance, but ended up as personal attacks. Our moderator gave him every opportunity to retract, but he refused.
Mathjak posted prolifically all over the place. Some people felt he was hijacking conversations. That problem seems to have been resolved when he was given his own thread in the Variable Portfolio section.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
sophie wrote: ↑Thu Feb 06, 2020 8:01 am
Mathjak did the same thing before his (temporary) ban. It appears that the ban has been lifted and his tone has changed, which I'm happy to see. Mathjak what brought on the change of heart?
I simply brought facts , data and a view from the outside to the forum ..I still do as I am not convinced rising rates as a trend will not eventually be kryptonite to the pp in the modern day investing world .....so nothing changed
sophie wrote: ↑Thu Feb 06, 2020 8:01 am
Mathjak did the same thing before his (temporary) ban. It appears that the ban has been lifted and his tone has changed, which I'm happy to see. Mathjak what brought on the change of heart?
i was never banned ...
I simply brought facts , data and a view from the outside to the forum ..I still do as I am not convinced rising rates as a trend will not eventually be kryptonite to the pp in the modern day investing world .....so nothing changed
I use it more as my variable portfolio ... i think gold and TLT are about timing the markets not time in the markets once the interest rate trend is not your friend . .
Mathjak took a sabbatical. Documented on the final page of Mathjak’s Market Calls, a thread I don’t remember at all, but it’s the predecessor to the current Daytrading thread. viewtopic.php?f=1&t=7712&hilit=mathjak+banned&start=144
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
dualstow wrote: ↑Fri Feb 07, 2020 6:47 am
Mathjak took a sabbatical. Documented on the final page of Mathjak’s Market Calls, a thread I don’t remember at all, but it’s the predecessor to the current Daytrading thread. viewtopic.php?f=1&t=7712&hilit=mathjak+banned&start=144
yes , i was using no components of the pp at that time
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