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Great randomized. You made $20,000 in 30 years in your 401k. Haha

Fund managers are there to beat market returns and risk beta. Passive investing has our earned money managers and hedge funds for the last decade. Seems you know so little for someone who thinks they know a lot.

@kingdroid, I’m not a trump guy, but I’m anti-piece if shit PC liberals who whine like bitches. I’m anti-socialist. And the hypocritical left.

ssorenn wrote: ↑

Wed Jun 27, 2018 12:37 am

Great randomized. You made $20,000 in 30 years in your 401k. Haha

Fund managers are there to beat market returns and risk beta. Passive investing has our earned money managers and hedge funds for the last decade. Seems you know so little for someone who thinks they know a lot.

@kingdroid, I’m not a trump guy, but I’m anti-piece if shit PC liberals who whine like bitches. I’m anti-socialist. And the hypocritical left.

so... you're a trump guy?

Nope. He’s by far a better choice than hiltard. That’s easy.

ssorenn wrote: ↑

Wed Jun 27, 2018 12:37 am

Great randomized. You made $20,000 in 30 years in your 401k. Haha

Fund managers are there to beat market returns and risk beta. Passive investing has our earned money managers and hedge funds for the last decade. Seems you know so little for someone who thinks they know a lot.

@kingdroid, I’m not a trump guy, but I’m anti-piece if shit PC liberals who whine like bitches. I’m anti-socialist. And the hypocritical left.

I made more than that in my worst year and divide by hours spent to earn that I make more per hour than almost everyone here. My retirement fund has done worse than my active investing, but I don't have much in it and doubt that Trump will not change the tax code to make it have less value.

Most fund managers fail to even equal the market or the bench mark for their fund's investment style. That's a repeated fact which is used to justify just buying index funds.

Earning money for fund companies and their managers isn't the same as earning money for the investors that put their money into funds. If you compare index fund returns with the index being represented, then you see most earn less. The Wall Street Journal has the numbers in their annual fund review issue and some quarterly issues to show that not all funds deliver.

Fun fact
Fund managers have out preformed the bench mark for ~3 years or so. There are a significant percentage that don’t because they either run long/short or just short funds.
So you are a passive investor randomizer? It’s really not hard to make money that way. Especially for the last decade. So i fail to see how this gives you any more credibility to markets, than just being a relatively average investor. Who’s done some studying. I always like to hear when people win. People in general should take responsibility for themselves and their assets. Good for you to not be a burden to social programs.

@Randomizer.
If you really take your finances seriously and have the desire for market action, you should learn about options trading

Option trading has two drawbacks:

You sell options against stocks you own and can lose them if they have a huge price increase that makes the option worth exercising. Whereas if the stock isn't that good, then it's hard to sell options that are really profitable.

You buy options and they expire as worthless. This happens quite often because even when you are right on the direction you can keep losing over the timing. Martin Zwieg still mourns over the 1987 crash where he didn't believe his models and missed out on buying enough options because the only way they would pay off was the market falling like it did.

I'm still trying to remember the economist I read in the 1980s who pointed out from his own stock trades these types of problems. Being right and being able to profit requires lots of money that you don't need for years to survive when it takes longer than expected for it to happen. He did day trading back before it had a name for a client when he was a stock broker using a successful model for IBM stock until his client died. He couldn't afford to do it himself.

Beating a benchmark for 3 to 5 years is easy since that doesn't cover a full market cycle. You don't know if they can deal with a down turn and minimize losses. It also doesn't tell you if the fund will keep doing well if it gets too large.

Peter Lynch had a great record running Fidelity's Magellan fund, but most of the gains came it the early years when it was small and unknown whereas after it got over a billion dollars in assets he had an extremely hard time finding things to buy that could produce the same percentage gains. He started buying market sectors to be able get results.

Passive investing in funds is great for some sectors like small capitalization where finding the better ones out of 1000s of companies isn't practical. However I still do better with actively researching about 20 stocks where I can monitor them.

You have any extremely limited knowledge of options

I have a much greater knowledge of options, but didn't go into naked options and other types where if they go wrong you can lose more because you don't have the stock and need to buy it after it's already gone up past the option call price.

The safest is selling short term calls against a stock you own since all you lose is future gains if it goes up and you can make a profit if it never reaches the call price. However with the current volatile market it's easy to have a swing that pushes through the call price and go back a few hours later. Now back in the 1990s when it was recommended the market stayed flat for months.

The best advantage to options is that you don't need as much money to invest in some types.

Again. Limited knowledge. It’s ok to admit it.

Randomizer wrote: ↑

Thu Jun 28, 2018 9:40 pm

The safest is selling short term calls ...

Selling options when it's your own money at stake is crazy. That's something you do when you're betting other people's money and need to show steady modest profits to collect a bonus (until your trades eventually blow up, but you can collect some nice bonuses until then.)

.

To randomizers credit, selling calls while owning the underlying stock is a safe way to take in premium. It’s a hedge. Outside of that, he has limited knowledge

Actually I semi-regret the level of sarcasm in my previous post - not everyone selling options is trading irresponsibly. But it still seems nuts for an individual to be doing - unless you're already rich, making a relatively safe premium on whatever money you haven't spent by actively writing options... doesn't seem worth the risk/reward/effort tradeoff.

Everyone has a different tolerance for risk.

No.

CommanderByron wrote: ↑

Fri Jun 29, 2018 4:38 am

No.

Fool

ssorenn wrote: ↑

Fri Jun 29, 2018 4:56 am

CommanderByron wrote: ↑

Fri Jun 29, 2018 4:38 am

No.

Fool

Yes.

CommanderByron wrote: ↑

Fri Jun 29, 2018 5:18 am

ssorenn wrote: ↑

Fri Jun 29, 2018 4:56 am

CommanderByron wrote: ↑

Fri Jun 29, 2018 4:38 am

No.

Fool

Yes.

Well, at least you know yourself. Kudos

Trump apparently tried to convince France to leave the EU.
He has no understanding of the French president nor the people that elected him.
How would the US feel if European ppilitixians would try to convince California to leave the US?