clutch
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Posts posted by clutch
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Wilshire 4500 did outperform s&p500 since last March but perhaps not because of the premise wabuffo lays out.
If you look at the top 10 holdings of VXF (the closest thing to invest in W4500), they are:
1 Square Inc.
2 Uber Technologies Inc.
3 Zoom Video Communications Inc.
4 Snap Inc.
5 NXP Semiconductors NV
6 Blackstone Group Inc.
7 Twilio Inc.
8 DocuSign Inc.
9 Lululemon Athletica Inc.
10 Workday Inc.
A lot of top names are actually big name tech comapnies that have not made into S&P500.
Or am I mistaken?
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More MO. I'm sure eventually the BTS crowd will figure out it's undervalued but it'll probably be one of the last ones. Until then I'll just clip the divvy.
BTS?
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The Legend's investment process is right up this board's alley:
This action hero also ran a 4 minute mile. Legend!
Dude's definitely going to get a movie one day. "The Big Short Squeeze"
And Christian Bale should play this guy. Completes his Wall St trilogy. He kinda looks like him too.
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Ray Dalio taking a deep dive into Bitcoin.
His conclusion: Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldn’t mind losing about 80% of.
Aka he’s willing to place a bet on it
https://www.bridgewater.com/research-and-insights/ray-dalio-what-i-think-of-bitcoin
What many BTC bulls have been saying for years now...
But what prompted him to revisit his stance? I think it's obvious due to the rise in the BTC price and sustained momentum... He cannot ignore it anymore. Isn't this the same as a person jumping on to some mania bandwagon?
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I'd like to see the SEC investigate Discord.
To find what? Rocket ship emoji’s? Bloomberg terminals have a built in chat function, why is that?
I think he's talking about Discording banning WSB.
Yeah.
"...hate speech, glorifying violence, and spreading misinformation."
LOL
I soon expect some of my mundane emails getting bounced from servers due to the same reason. ::)
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moving onto precious metal bets?
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I'd like to see the SEC investigate Discord.
To find what? Rocket ship emoji’s? Bloomberg terminals have a built in chat function, why is that?
I think he's talking about Discording banning WSB.
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YOLO!! Well lived.
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If I was a veteran fund manager I'd feel like Tommy Lee Jones in No Country for Old Men.
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Could you imagine what Prem will say regarding BB as a meme stock in the annual letter? LOL
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On a side note, there are insane bidding wars going on for detached houses in GTA suburbs. 50+ offers and 20%+ above asking price is common. Everyone expects to WFH forever so seems to be moving out of the city.
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20 years from now, people will scavenge for encrypted hardwares that contain BTC private keys... just like deep sea treasure hunting :-)
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Disagree on the classification on #1. They will sell when their life goals are met and they realize that to buy a home, car, etc....all will need dollars. I read a post on Reddit a few days ago, guy made a few 100k on Bitcoin over 8 or so years and sold to pay off his parents mortgage, buy them a car, give them a nest egg, plus some for himself. Maybe a moot point in the grand scheme but just saying, you may be a monetary anarchist until you need a roof :)
I half agree with LC. Being in #1 myself, I will certainly sell some at some point. Everyone has a price. My price is when I can sell half of my crypto, and after taxes pay off both of my houses + take out my cost basis (which is tiny and practically not significant anyway). That will be less than a double from here.
As stated earlier, my price is when I can buy a brand new 911 with half of my BTC investment. ;D Still a bit long way for me as I only got into this in 2017.
At the same time, I also think of it as schmuck insurance. Because of this thinking, I have trimmed it a couple of times (once recently) when it got above 10% of my liquid asset. Also, I will buy if another significant dip occurs based on its value compared to my asset.
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Reminds me also of French philosophy ::)
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He probably doesn't give a shit whether other people understand him or not. ;D
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I got about a 3rd of the way through it, and sort of got bored and moved onto something else. Maybe I should revisit it. I found his writing pretty boring, and thought he included way too much useless information. I don't like how it's a full year-by-year summary of the company.
Interesting because that's kind of what I liked about it. It definitely got more boring near the end when it was less about the scrappy startup and more about the massive company.
But I like this kind of book that's more of an autobiography and timeline that some of these other business books that are ego trips about management style more than the business. I just finished Pour Your Heart Into It by Howard Shultz (about Starbucks) and it got really preachy about how wonderful he was in treating employees and staying true to their brand etc. More "look what a genius and nice guy I am" than about the scrappy up and comer trying to carve out a niche. I want to read about the hard parts of building a business that you never knew about when looking at the end result.
I also agreed with this take. This is not really a book about business, rather an interesting life story. One of my favorite autobiographies of all time.
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i think the RE price appreciation may also be due to the same phenomenon we are seeing in car sales— people not able to spend money travelling or on entertainment so instead using that fund towards buying a new home in an ultra low rate environment.
Really? One year saving of travel and entertainment can change one's budget on a new home? That's hard to believe.
Not at all. In the US the poor man(or hand to mouth fella) needs 3% plus closing costs to get into a home. If you save $20k by not dining out and vacationing, thats a down payment for some, or another half mil+ of home they can buy.
I also think there should be entry taxes for states/jurisdictions. Its a big problem here in the US where you have people living in, and supporting the policies and fiscal irresponsibility of one state, and then not liking the bed they've made for themselves, and then collectively moving to, and starting to ruin new states by moving there and bringing their same philosophical issues and problems.
I was thinking of Vancouver prices where gary17 is based in. You need minimum 20% down payment for any homes above 1mil.
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i think the RE price appreciation may also be due to the same phenomenon we are seeing in car sales— people not able to spend money travelling or on entertainment so instead using that fund towards buying a new home in an ultra low rate environment.
Really? One year saving of travel and entertainment can change one's budget on a new home? That's hard to believe.
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+19% in my TFSA.
Big winners: AMZN, MLHR, U, WORK, RL
Big loser: KEG.UN
Pretty happy with the results. This year I really focused on investing in businesses that (I think) I understand. It really narrowed down to tech and brand names. Also, excluding gains from BTC.
Having said that I have sold all my positions at the end of the year and withdrew the money as we are planning to use the cash to buy a bigger place. Probably won't get back to active stock-picking for a couple of years.
My RRSP has been 80-90% VOO and 10-20% cash. So not much to report from there.
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SPY. why? confidence that buying the dips will work with the name.
I have found over past 40 years that buying the dips makes sense. check out the long term chart, through thick and thin the results speak for themselves. of course you need cash to buy the dips, so this requires discipline and a good day job. but my point here is that at least for me, how confident are you that your stock will rebound after a dip translates into how convicted you will be to buy into the dip in the first instance. with an individual name, you have to know that stock very well. with SPY, you just have to know America very well. come the revolution, I am all ears for an alternative.
Def agree with buying the dips. You can shift between SPY and cash depending on the allocation -- what Graham suggested doing between stocks and bonds. On good years as SPY goes up, you free up some cash. On dips, you use the cash to buy SPY.
So simple, but probably the best strategy for 95% of the retail investors.
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we are all assuming vaccine solves everything
i’m not convinced
a new variant may be an unexpected event
Ok but what kind of time frame are we talking about? Do you expect the COVID to persist forever?
I'm very confident that it will be completely resolved (become similar to the common flu) in 1-2 year, which is nothing in a typical RE investing time frame.
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It's really unbelievable. We have a number of events in the past few years that could have potentially ended this boom, and now the pandemic, but the housing market is still going strong.
As for the city of Toronto, condo rental prices are taking a significant hit. Yet, if you look at the resale prices, they don't seem to reflect the crash in the rental market.
Once the vaccines are widespread and borders open up, I suspect an influx of immigrants into GTA again. I predict a sharp bounce back in the condo/rental market then.
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Absolutely hilarious.
What's (not) funny is that I'd bet that those who argue for the strongest measures in a public forum like here all broke rules one way or another.
Hi Ho Silver
in General Discussion
Posted
Actually bought SLV last week anticipating this... even if there is no run-up, not a bad asset to hold. I sort of saw the potential WSB run-up as a free option.