Minimum time frame for holding PP

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Cortopassi
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Re: Minimum time frame for holding PP

Post by Cortopassi » Tue Apr 24, 2018 6:18 pm

buddtholomew wrote:
Cortopassi wrote:Assuming that is sarcastic, not so much. But what can you do? Even minimally, gold and bonds are buffering the stock drop.

At some point, everyone will realize, oh, maybe the economy isn't doing as good as we thought, and bonds will benefit.

Gold is always the wildcard.
Yes definitely sarcastic, but aren’t you the least bit concerned? We’ve been holding our breath for almost a decade now...
Sure, I would love to get 12-15% returns per year. Tell me how, please. All I can do is continue to max out my 401k/IRAs, not spend a lot, and retire in ~10 years with reasonable security.

The only other way I might have been able to better accomplish that was maybe to buy 6 flats 10/20/25 years ago as my investing, vs. being in the market/PP. Probably would have made things better, with a nice steady income as well. But even that has headaches, maintenance, etc.
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Re: Minimum time frame for holding PP

Post by buddtholomew » Tue Apr 24, 2018 6:38 pm

jhogue wrote:I am not concerned.

I am not holding my breath for ten years.

As a store of wealth, gold is supposed to just sit there most of the time-- even for decades.
Not speaking specifically about gold.
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Re: Minimum time frame for holding PP

Post by eufo » Tue Apr 24, 2018 6:46 pm

buddtholomew wrote:How's everyone enjoying their false protection?
Gold and Cash were both winners today. How is that false protection? Honestly, Budd, I don't know whether to pity you or laugh at you. You're about as miserable as it gets.
Don't agree with me too strongly or I'm going to change my mind
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Re: Minimum time frame for holding PP

Post by buddtholomew » Tue Apr 24, 2018 7:05 pm

eufo wrote:
buddtholomew wrote:How's everyone enjoying their false protection?
Gold and Cash were both winners today. How is that false protection? Honestly, Budd, I don't know whether to pity you or laugh at you. You're about as miserable as it gets.
That sums it up succinctly, nice job!
I don’t have $6.00 USD in 3 ETF’s so I don’t expect you to understand.
When I posted earlier in the day all assets were down except gold which was +.31%. UUP was -.17% so I guess cash was positive too.
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Re: Minimum time frame for holding PP

Post by iwealth » Wed Apr 25, 2018 9:20 am

buddtholomew wrote:
eufo wrote:
buddtholomew wrote:How's everyone enjoying their false protection?
Gold and Cash were both winners today. How is that false protection? Honestly, Budd, I don't know whether to pity you or laugh at you. You're about as miserable as it gets.
That sums it up succinctly, nice job!
I don’t have $6.00 USD in 3 ETF’s so I don’t expect you to understand.
When I posted earlier in the day all assets were down except gold which was +.31%. UUP was -.17% so I guess cash was positive too.
It really bugs you that others don't share your PP depression. Misery loves company, I guess, but passive aggressive swipes at someone's wealth is below board.
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Re: Minimum time frame for holding PP

Post by Cortopassi » Wed Apr 25, 2018 9:40 am

iwealth wrote:
buddtholomew wrote:
eufo wrote: Gold and Cash were both winners today. How is that false protection? Honestly, Budd, I don't know whether to pity you or laugh at you. You're about as miserable as it gets.
That sums it up succinctly, nice job!
I don’t have $6.00 USD in 3 ETF’s so I don’t expect you to understand.
When I posted earlier in the day all assets were down except gold which was +.31%. UUP was -.17% so I guess cash was positive too.
It really bugs you that others don't share your PP depression. Misery loves company, I guess, but passive aggressive swipes at someone's wealth is below board.
That's what I hate about comment boards. People think they are anonymous and say things that, God, I hope they would never ever say, or even really think (ZeroHedge is the worst ever). I don't think Budd is that way, I am sure he is a perfectly fine guy, but message boards, comment boards, Twitter, etc. seem to bring out the worst in a lot of people, or at least the immediate emotional, not considered reply.

That's why I don't post much, and when I do, I think about it and reread my comments multiple times before hitting submit. Even so, something I think is innocuous can still really piss someone off.
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Re: Minimum time frame for holding PP

Post by buddtholomew » Wed Apr 25, 2018 9:49 am

I always give the benefit of the doubt, but I’m no patsy and shoot first before asking questions for clarification. Eufo has made snarky comments toward me in the past and I am only playing along. Sorry if that bothers you.
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Re: Minimum time frame for holding PP

Post by Kriegsspiel » Wed Apr 25, 2018 9:55 am

SPOILER ALERT I DON'T THINK BUDD IS REALLY SORRY
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Re: Minimum time frame for holding PP

Post by dualstow » Wed Apr 25, 2018 10:50 am

Kriegsspiel wrote:SPOILER ALERT I DON'T THINK BUDD IS REALLY SORRY
O0 You always crack me up O0
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Re: Minimum time frame for holding PP

Post by Cortopassi » Wed Apr 25, 2018 11:06 am

Here's a perfect example. Took me two seconds to find this dick -- this is a comment section on a story of how the husband of the lady who was killed on the Southwest airplane is dealing with it.

If I employed this person, he'd be gone. Far too many people on the internet are assholes.

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Re: Minimum time frame for holding PP

Post by Kriegsspiel » Wed Apr 25, 2018 11:52 am

POSTED: If management doesn't get your humor, termination will result.
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Re: Minimum time frame for holding PP

Post by buddtholomew » Wed Apr 25, 2018 12:48 pm

You’re right...sorry, not sorry.
I openly post how I feel albeit far too much and noticeably to others disdain.
It’s my nature to refine until I have a product I am comfortable using and the PP just gives me so much angst.
I love the concept but in practice it’s frustrating to own.
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Re: Minimum time frame for holding PP

Post by stuper1 » Wed Apr 25, 2018 1:51 pm

It's also frustrating for us to hear you whining about the PP doing things that it has done many times previously.

Take 5 minutes to go over to portfoliovisualizer.com and look at the PP performance from 1972 to 2018. You will see many times where the PP has had drawdowns, and the current drawdown is no worse than the previous drawdowns. Some of these drawdowns even happened at times when stocks were going down. So what is the big deal? Just that you didn't do any due diligence before you bought into the PP? You thought that it only went up, never down?
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Re: Minimum time frame for holding PP

Post by buddtholomew » Wed Apr 25, 2018 1:54 pm

stuper1 wrote:It's also frustrating for us to hear you whining about the PP doing things that it has done many times previously.

Take 5 minutes to go over to portfoliovisualizer.com and look at the PP performance from 1972 to 2018. You will see many times where the PP has had drawdowns, and the current drawdown is no worse than the previous drawdowns. Some of these drawdowns even happened at times when stocks were going down. So what is the big deal? Just that you didn't do any due diligence before you bought into the PP? You thought that it only went up, never down?
Here’s a prime example of being attacked after explaining my point of view.

I’m familiar with the drawdowns.
Just don’t want to dupe others into believing this is the holy grail to investing.
I’m stock heavy so doing fine.
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Re: Minimum time frame for holding PP

Post by eufo » Wed Apr 25, 2018 5:11 pm

iwealth wrote:
buddtholomew wrote:
eufo wrote: Gold and Cash were both winners today. How is that false protection? Honestly, Budd, I don't know whether to pity you or laugh at you. You're about as miserable as it gets.
That sums it up succinctly, nice job!
I don’t have $6.00 USD in 3 ETF’s so I don’t expect you to understand.
When I posted earlier in the day all assets were down except gold which was +.31%. UUP was -.17% so I guess cash was positive too.
It really bugs you that others don't share your PP depression. Misery loves company, I guess, but passive aggressive swipes at someone's wealth is below board.
I appreciate the backup, iwealth.

It's all good. Budd has gotten a snarky remark or two from me, but he asks for it. It's a forum and that's going to happen sometimes. I can't be offended, and I'm sure Budd has a thick skin too.

Most of us here are well off and have no reason to complain about anything. Having a bad day/week/month/year in the market is something we ALL experience. Shoving it in peoples' faces that you think their allocation sucks is just rude and demands some kind of retort.

The PP is NOT for everyone. In fact, it's not for me. I am 40% equities, 20% long bonds, 20% gold, and 20% cash. That said, what beef would I have with the PP? It's way more stable than my allocation and will certainly outperform it during our next serious bear market.
Don't agree with me too strongly or I'm going to change my mind
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Re: Minimum time frame for holding PP

Post by buddtholomew » Wed Apr 25, 2018 6:47 pm

Thanks for taking the high road eufo.
I’ll try to simmer down myself.
Cutting for a show so no carbs equals unhappy guy.
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Re: Minimum time frame for holding PP

Post by eufo » Wed Apr 25, 2018 8:20 pm

buddtholomew wrote:Thanks for taking the high road eufo.
I’ll try to simmer down myself.
Cutting for a show so no carbs equals unhappy guy.
No worries. I understand your frustrations. I was able to follow the PP for about 5 months or so before I figured out I couldn't stick to it. I needed more growth. I didn't want to stray too far, since I believe in the concept.

I like your honesty, Budd. And no one can say you're afraid to speak your mind.
Don't agree with me too strongly or I'm going to change my mind
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Re: Minimum time frame for holding PP

Post by blue_ruin17 » Wed Apr 25, 2018 8:22 pm

Wait, what? Budd, you're a BODYBUILDER?

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Re: Minimum time frame for holding PP

Post by Xan » Wed Apr 25, 2018 8:45 pm

blue_ruin17 wrote:Wait, what? Budd, you're a BODYBUILDER?

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For those on non-Chrome browsers, which don't yet support the "WebP" image format, that was a head-explosion animation.
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Re: Minimum time frame for holding PP

Post by dualstow » Thu Apr 26, 2018 7:21 am

blue_ruin17 wrote:Wait, what? Budd, you're a BODYBUILDER?
Indeed.
I miss that avatar, Budd!
RIP Marcello Gandini
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Re: Minimum time frame for holding PP

Post by buddtholomew » Thu Apr 26, 2018 8:03 am

dualstow wrote:
blue_ruin17 wrote:Wait, what? Budd, you're a BODYBUILDER?
Indeed.
I miss that avatar, Budd!
Me too DS.
It disappeared following the move to a new host.
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Re: Minimum time frame for holding PP

Post by Xan » Thu Apr 26, 2018 9:08 am

buddtholomew wrote:
dualstow wrote:
blue_ruin17 wrote:Wait, what? Budd, you're a BODYBUILDER?
Indeed.
I miss that avatar, Budd!
Me too DS.
It disappeared following the move to a new host.
Actually it was the switch to phpBB from whatever software was running the board before that killed those avatars. They were gone before the move to the new host.
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Re: Minimum time frame for holding PP

Post by l82start » Thu Apr 26, 2018 9:13 am

if you have a copy of your avatar on your own computer it should be possible to upload it to the new software, i lost mine briefly after the changeovers but had no problems putting it back up..
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Re: Minimum time frame for holding PP

Post by buddtholomew » Thu Apr 26, 2018 9:19 am

DS, do you still have the Avatar?
He provided to me previously, l8start.
Thanks for the clarification Xan.
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Re: Minimum time frame for holding PP

Post by dualstow » Thu Apr 26, 2018 10:11 am

buddtholomew wrote:DS, do you still have the Avatar?
If this is too small, I can take a screenshot from the video this weekend, as they probably have the clip on youtube.
(attached). I forgot there are no attachments here, so I uploaded it to tinypic:

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