The GOLD scream room
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Re: The GOLD scream room
https://www.bogleheads.org/forum/viewto ... 0&t=349948
Tremendous gold war going on in the land of the Knuckleheads! Dang.
Tremendous gold war going on in the land of the Knuckleheads! Dang.
MB
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Ruby on Rails rules all
www.allterraininvesting.com
Re: The GOLD scream room
Never thought I would see the day....Smith1776 wrote: ↑Tue Jun 08, 2021 4:54 pm https://www.bogleheads.org/forum/viewto ... 0&t=349948
Tremendous gold war going on in the land of the Knuckleheads! Dang.
As an aside, what are the REAL inflation rates like in Canada? Are prices going up at a great rate?
House prices in Australia are ridiculous, but that is not counted in the CPI. Guess they think people don't live I homes????
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
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Re: The GOLD scream room
Hal wrote: ↑Tue Jun 08, 2021 7:27 pm
Smith1776 wrote: ↑Tue Jun 08, 2021 4:54 pm
https://www.bogleheads.org/forum/viewto ... 0&t=349948
Tremendous gold war going on in the land of the Knuckleheads! Dang.
Never thought I would see the day....
As an aside, what are the REAL inflation rates like in Canada? Are prices going up at a great rate?
House prices in Australia are ridiculous, but that is not counted in the CPI. Guess they think people don't live I homes????
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."
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Re: The GOLD scream room
The ultimate POS
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Re: The GOLD scream room
HAHA, what a piece of crap..buy, buy, buy.
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Re: The GOLD scream room
HAHA, what a piece of crap..buy, buy, buy.
There’s nothing anyone can say on this board that convinces me Gold is worth anything. I feel the same way about the PP - a cowards portfolio that amounts to nothing. What a joke and a waste of time.
There’s nothing anyone can say on this board that convinces me Gold is worth anything. I feel the same way about the PP - a cowards portfolio that amounts to nothing. What a joke and a waste of time.
Re: The GOLD scream room
What happened to the Budd from last December?
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Re: The GOLD scream room
Scenarios similar to March 2020 unfold with irregularity and in-between the PP investor relinquishes too much in equity gains to make 4x25 worthwhile.
The PP would still be treading water today if I hadn’t violated 15/35 bands and increased stock exposure near the March bottom. It was tactical asset allocation rather than the PP that accounted for the outsized gains.
At last glance I am up 80%+ in Gold LTD but have reduced exposure to the point where it no longer matters much to me. One day gold is worth something and the next day it’s worthless. I’d much rather invest in real estate as a store of value that also pays dividends than rely on the greater fool theory when it’s time to sell Au.
The PP would still be treading water today if I hadn’t violated 15/35 bands and increased stock exposure near the March bottom. It was tactical asset allocation rather than the PP that accounted for the outsized gains.
At last glance I am up 80%+ in Gold LTD but have reduced exposure to the point where it no longer matters much to me. One day gold is worth something and the next day it’s worthless. I’d much rather invest in real estate as a store of value that also pays dividends than rely on the greater fool theory when it’s time to sell Au.
Re: The GOLD scream room
How about some platinum? Mmmmm......only 60% the cost of gold and infinitely rarer above ground. It's denser and ohhhh so noble.buddtholomew wrote: ↑Wed Jun 16, 2021 3:37 pm HAHA, what a piece of crap..buy, buy, buy.
There’s nothing anyone can say on this board that convinces me Gold is worth anything. I feel the same way about the PP - a cowards portfolio that amounts to nothing. What a joke and a waste of time.
Not as pretty though.
Re: The GOLD scream room
Yet another Mathjak type, expecting the PP to be the end-all be-all of investing portfolios, waffling back and forth on their feelings about the PP in the space of just a few months, spending their time on the forums blabbering on and on without providing one iota of anything meaningful to the discussions. All we can do is point out their past statements/inconsistencies. Maybe they'll eventually understand they don't know anything about the future of markets, just like the rest of us.
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Re: The GOLD scream room
It’s down almost 3% this morning.dockinGA wrote: ↑Thu Jun 17, 2021 6:55 amYet another Mathjak type, expecting the PP to be the end-all be-all of investing portfolios, waffling back and forth on their feelings about the PP in the space of just a few months, spending their time on the forums blabbering on and on without providing one iota of anything meaningful to the discussions. All we can do is point out their past statements/inconsistencies. Maybe they'll eventually understand they don't know anything about the future of markets, just like the rest of us.
Take a look at my post responding to Tortoise and let me know whether you still feel the same way about me not adding anything “meaningful to discussions”. I explain my personal reasoning.
Last edited by buddtholomew on Thu Jun 17, 2021 8:40 am, edited 2 times in total.
Re: The GOLD scream room
Scenarios like March 2020 occur every 5-10 years. You're correct, once the market recovers the PP lags against equities, but during the crash the PP doesn't lose nearly as much as equities. At the end of the day, perhaps equities ends up with a higher return, but that's not guaranteed (if it was guaranteed there would be no risk premium and hence no outperformance) and that doesn't mean that a PP can't be worthwhile considering it does a better job of preserving capital.buddtholomew wrote: ↑Wed Jun 16, 2021 4:56 pm Scenarios similar to March 2020 unfold with irregularity and in-between the PP investor relinquishes too much in equity gains to make 4x25 worthwhile.
The PP would still be treading water today if I hadn’t violated 15/35 bands and increased stock exposure near the March bottom. It was tactical asset allocation rather than the PP that accounted for the outsized gains.
At last glance I am up 80%+ in Gold LTD but have reduced exposure to the point where it no longer matters much to me. One day gold is worth something and the next day it’s worthless. I’d much rather invest in real estate as a store of value that also pays dividends than rely on the greater fool theory when it’s time to sell Au.
I'm still in the accumulation phase, but have no issue with being invested in a portfolio that is more of a capital preservation approach as opposed to pure returns. Crashes like 2008-9 and 2020 are prime times for people to lose their jobs. In that situation, if you're in a more heavily stock portfolio, you're suddenly having to cash out at the bottom in order to stay afloat. Perhaps your home has also lost value, and you're staring down the barrel of financial ruin because you've lost your job, investments have crashed, your crashed investments are dwindling further because you're having to tap into them to survive, your home has lost value (and maybe your mortgage is underwater) and yet you still may have to sell to make ends meet. And heaven forbid you end up with a health crisis or some other type of major emergency that piles on even further.
There are perhaps some with the intestinal fortitude to stay the course during a scenario described above, and those people will likely be rewarded at some point in the future by higher rewards. But there are many who couldn't stay the course, some who know ahead of time they won't be able to stay the course, and even for the ones who can stay the course I imagine the stress they endure during the downtimes might take years off their life and/or wreck marriages.
Re: The GOLD scream room
A PP of VTI, IAU, TLT and SHY returned over 9% between Feb 2020 and May 2021. Max drawdown was -4.55%. What is so bad about that?
Yes 100% VTI was up over 24%. But max drawdown was over 21%. Seems to be classic PP use case. And IAU is up 14.30%, with a max daily drawdown of -13.8%
The obsessive daily performance focus and postings on an individual asset class is what I consider non-productive commentary. Constructive criticism is fine, even the occasional I hate gold or TLT or whatever. To be constructive, the critiques should also include whatever the proposed "better" solution is, with the analysis as to why.
Yes 100% VTI was up over 24%. But max drawdown was over 21%. Seems to be classic PP use case. And IAU is up 14.30%, with a max daily drawdown of -13.8%
The obsessive daily performance focus and postings on an individual asset class is what I consider non-productive commentary. Constructive criticism is fine, even the occasional I hate gold or TLT or whatever. To be constructive, the critiques should also include whatever the proposed "better" solution is, with the analysis as to why.
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Re: The GOLD scream room
So much of investing is psychological and emotional. After hanging out here for a decade or so, I've seen various posters come and go. It's apparent that some folks always need to feel like they're "winning". Like every single day. That's fine, but that mindset is not a good fit for PP-style portfolios because some "worthless" asset will always be holding them back and provoking outbursts on internet forums.
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Re: The GOLD scream room
Oh, the horror, gold fell. Like that doesn't always happen...
You may call me crazy, but my cash balance hit a rebalance point (still contributing to 401k). Which means, for my PP, I bought a crapload of TLT.
But it certainly follows the buying of the lagging asset theory. And the theory of buying stuff that your soul and the media is telling you to run away from.
Hope everyone is well.
You may call me crazy, but my cash balance hit a rebalance point (still contributing to 401k). Which means, for my PP, I bought a crapload of TLT.
But it certainly follows the buying of the lagging asset theory. And the theory of buying stuff that your soul and the media is telling you to run away from.
Hope everyone is well.
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Re: The GOLD scream room
Holy fuck, we're back at Revolutionary War levels, after hanging around... uh, More Recent War levels for a while!Cortopassi wrote: ↑Thu Jun 17, 2021 3:42 pm Oh, the horror, gold fell. Like that doesn't always happen...
You may call me crazy, but my cash balance hit a rebalance point (still contributing to 401k). Which means, for my PP, I bought a crapload of TLT.
But it certainly follows the buying of the lagging asset theory. And the theory of buying stuff that your soul and the media is telling you to run away from.
I've been trying out the "accumulate in cash" method, with some nibbles at the other assets if I feel like it. It's been pretty pleasant.
I'm amazing, thanks for asking.Hope everyone is well.
You there, Ephialtes. May you live forever.
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Re: The GOLD scream room
Cortopassi wrote: ↑Thu Jun 17, 2021 3:42 pm
Oh, the horror, gold fell. Like that doesn't always happen...
You may call me crazy, but my cash balance hit a rebalance point (still contributing to 401k). Which means, for my PP, I bought a crapload of TLT.
But it certainly follows the buying of the lagging asset theory. And the theory of buying stuff that your soul and the media is telling you to run away from.
Hope everyone is well.
You are back from your self-imposed exile!
Good to see you here again!
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."
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Re: The GOLD scream room
Thanks, man. Not saying I am back on a daily basis, but I do occasionally lurk. I see things have "sort" of quieted down. In any event, I have spent more time reading (sci-fi usually, rereading Ringworld right now for like the fourth time) and consuming almost no news, and feel out of it, in a good way. With the weather good, I am outside as much as I can be either riding my bike or tending the landscape.
And we are starting the college visit process this summer for my younger daughter.
I did pull the trigger on working 4 days a week, been doing it for 3 weeks now. Taking a bit of effort not to look at email on my day off (Wed), but I'm getting better. All our products are currently mature and in production and we should generally be sitting back dealing with small fires, but with semiconductor lead times gone to crazy 52 weeks+ in a lot of cases, my days are filled with trying to find alternate suppliers or ways to get parts of circuits to work with different ICs, otherwise we can't build. It has not been fun!
Finally, I know this is the gold room, but I don't really want to go to the other sections -- just an IL update -- I do not have to carry a mask anywhere anymore. All stores I usually go to, and the library are mask optional. A lot of people out there are still wearing them (their right) but it literally was like flipping a switch. From masks and limited to capacity, to wide open back to normal overnight. I even have had sales people in the office three times this week, hasn't happened in over a year.
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Re: The GOLD scream room
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."
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Re: The GOLD scream room
And there goes a couple months of gains in two days!
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Re: The GOLD scream room
Yea pretty wild. We're all glad that stocks have been pulling serious weight.
You there, Ephialtes. May you live forever.
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Re: The GOLD scream room
Dog shit as usual
Re: The GOLD scream room
Weren't the 1980's/1990's a case of sell some shares to buy more gold only to see the price of gold decline further ... for two decades. One of the assets will always tend to be down and perhaps repeatedly declining for long periods.flyingpylon wrote: ↑Thu Jun 17, 2021 11:17 am So much of investing is psychological and emotional. After hanging out here for a decade or so, I've seen various posters come and go. It's apparent that some folks always need to feel like they're "winning". Like every single day. That's fine, but that mindset is not a good fit for PP-style portfolios because some "worthless" asset will always be holding them back and provoking outbursts on internet forums.
Fundamentally you're rewarded for taking on risk exposure. No risk, no reward. Over the 1980/1990's whilst the price of gold declined rebalancing would have seen you accumulate multiple more ounces of gold. When that down-trend reversed so some of those accumulated ounces of gold were released to buy more stock shares/whatever.
Some say long dated treasury have only one way to go, and have been saying such for years. You could try your luck at selling completely, try and time the market, but that usually doesn't work out as expected. Selling out means having to time re-entry again, better to just hold and where one or more of the assets tends to more than offset the losses of the down asset(s) than it is to completely dump one of the assets and hope that you'll buy back in again at a appropriate time - which more often you wont.