I'm Done!

General Discussion on the Permanent Portfolio Strategy

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MachineGhost
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Re: I'm Done!

Post by MachineGhost » Tue Nov 06, 2012 2:01 am

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!
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Re: I'm Done!

Post by hpowders » Tue Nov 06, 2012 7:19 am

MachineGhost wrote:
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. :)
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Re: I'm Done!

Post by MediumTex » Tue Nov 06, 2012 11:40 am

PP up .59% today.

Anyone see the pattern here?
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Re: I'm Done!

Post by iwealth » Tue Nov 06, 2012 11:45 am

MediumTex wrote: PP up .59% today.

Anyone see the pattern here?
Take gold out of the equation the past few days and we all have a lot less gray hair? I kid, of course.
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Re: I'm Done!

Post by MediumTex » Tue Nov 06, 2012 11:55 am

iwealth wrote:
MediumTex wrote: PP up .59% today.

Anyone see the pattern here?
Take gold out of the equation the past few days and we all have a lot less gray hair? I kid, of course.
Take gold out of the equation the past few years and we all have a lot more gray hair.

As we note in the book, for a PP investor gold is a tool, not a religion.
Only strength can cooperate. Weakness can only beg.
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Re: I'm Done!

Post by vnatale » Mon Jan 20, 2020 11:23 am

Gumby wrote:
Wed Mar 14, 2012 5:48 pm
Budd, you may find it helpful to take a look at your comments the last time you got nervous...

See: Sep 26, 2011: Weather the Storm...
...and: Sep 28, 2011: Hey Look...
...and: Aug 11, 2011: Nauseous

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.

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Re: I'm Done!

Post by Kriegsspiel » Mon Jan 20, 2020 11:38 am

Yea budd was definitely a Doubting Thomas. I think he did settle on an allocation that worked for him (he was a pretty successful dude).
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Re: I'm Done!

Post by Smith1776 » Mon Jan 20, 2020 8:18 pm

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.
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KevinW
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Re: I'm Done!

Post by KevinW » Tue Feb 04, 2020 12:56 pm

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.
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Re: I'm Done!

Post by sophie » 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?
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Re: I'm Done!

Post by jhogue » Thu Feb 06, 2020 3:07 pm

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.
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Re: I'm Done!

Post by dualstow » Thu Feb 06, 2020 3:16 pm

I got nervous when I saw this this morning.
Sophie's not done
Sophie's not done
Screen Shot 2020-02-06 at 1.03.05 PM.png (8.06 KiB) Viewed 1987 times
Gold has passed 1645/oz
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