Having been to the party in the penthouse, maybe just back down in the basement for some more booze. Long climb to the top, glad to have a few months to try to make the journey up again.
There's a penthouse in this place? To paraphrase what John Lennon once said, "Everybody just sing along. You in the expensive seats - can just rattle your jewelry."
Q: Are You Printing Money? Bernanke: Not Literally
A market crash later in the year would scramble these all up, of course, and maybe we'll see a nice correction somewhere along the way to see how different asset classes perform
Well, we expected it, and we're getting it! No one thought it would be this soon, or this much, but as cohodk has said, the best cure for high prices is... high prices!
<< <i>no problem wings - i dunno if anyone wants to see these charts right now anyways. post again when we're all +20%! much more fun.
and btw - YTD:
AGQ: 5.9% up SLV 5.3% up >>
Leveraged ETFs are a sure bet to lose money against their index overtime. In the long run, many triple leveraged ETFs will have to do reverse spits just to stay listed. The degenerative decay, is only one problem they have. If I had unlimited funds I would short every triple or more ETF I could find, long and short. The main problem with the strategy is that they can have out-sized moves in the short run that would need large infusions of cash to cover margin requirements, but if you having the other side(long/short) the same index you would be able to offset these big moves to a degree. In the long run, I have no doubt this strategy would produce very nice returns. Any one have a few hundred million dollars?
Of course the average "investor" has no idea how to use these things, which are designed for day trading and hedging and lose their arse when dealing with these things, so eventually I would expect new regs to be placed on them within a few years.
Sorry, folks, no update this weekend. And the way the futures look, this coming week may be a little ugly.
Understandable.
I've noticed an interesting little phenomenon, in my emotions toward investments, upon reflection in hindsight:
Those periods in the market when I'm frequently hitting "refresh" to see how much money I'm making in my portfilio, and daydreaming about even bigger numbers: I should be selling some portion of the big movers
Those periods when I'm dejected, depressed, disgusted and don't want to log on to the computer, and don't even bother opening mailed statements: I should be adding to positions of securities that I like still like fundamentally
I'm trying to do more of the above, as difficult as it is. I sold some stocks and metals in Feb and March, and bought a few big (for me) numismatic coins I had always wanted, did some home improvements, and added to cash reserves
In April and May, buying back some of the very same stocks and PMs at discounted prices, hoping to rinse and repeat one more time this year.
I'm sticking with my silver pick (AGQ), everything going according to plan for a Dec. 31 finish. Rapid decline in euroland is expediting my expected temporary drop in metals and forcing my expected QE3 announcement. Should work out to a good year-end silver high.
For the purposes of this thread, we're all forced to stick with our picks (this is distinct from our "real" portfolios, in which we trade these swings to our advantage, maybe) I agree wholeheartedly that the picture for Dec 31, 2012 is wide open, and I remain full of hope (and have a reasonable expectation) that we'll all be well into positive territory by that time. Best of Luck to All
My picks were based off long-term holds, so hopefully there's no event that drops my 2 down other than normal fluctuations. Would like a little more uptick though, but if 20%+ gain for a year holds...well that's ok by me.
<< <i>For the purposes of this thread, we're all forced to stick with our picks (this is distinct from our "real" portfolios, in which we trade these swings to our advantage, maybe) I agree wholeheartedly that the picture for Dec 31, 2012 is wide open, and I remain full of hope (and have a reasonable expectation) that we'll all be well into positive territory by that time. Best of Luck to All >>
Let me rephrase: I continue to have faith in my sliver pick (AGQ). . .
African oilers have been KILLING it this year. Look at the charts for companies like Africa Oil (AOI), Horn Petroleum (HRN) and Simba Energy (SMB). Retracing a bit in the last couple weeks, but even with that Africa Oil is up 562% on the YTD! These exploratory companies are not for the faint at heart though!
if the guy that was up 60% is now negative, it's not impossible that the guy down 60% could end up on top in December High betas mean high risk but can also bring high reward. Similarly, some entrants will probably spend the whole year and finish between up 2% and down 2%. the interesting spectrum of choices is educational
All I can think of is to watch my mutual funds sink, and buy more PMs with the stock I took out at the top of the dow.
I stuffed my SDB as full as it can go, as it was even tight to squeeze into the slot. They looked at me funny by the way I was carrying it. hah!
Experimenting and learning about the hiding thing. Maybe I'll sell shares of my treasure map.
I'll lend money to 'friends' at 10%. Used to be a terminal thing to do - now less risky and more return then a bank or investments. (ps: alternately, Lending money to family is called giving it away...) I could go back to stealing. Oh, wait, that's called 'goverment' now... I could go back to selling a lot of drugs for hugh profits. Oh, wait, that's called the medical/insurance industry now... I could borrow money from the mob at 25%. Oh, wait, that's called Visa or American Express now...
Borrow money from Romney.. Yeah! buy my vote. (If Ron calls, tell him I'll do it for one gold buffalo..)
I'll take this opportunity to give myself a special pat on the back for picking AMYZF. It's down a mere 86% from just a couple of months ago. I need to invest in darts instead.
I've been surpassed by wood, milk and forever stamps. Donch'a know? Time to pack up the guns, ammo, water purification equipment, dried food and head for the mountains.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
I took the money I made selling half my HGSI when it doubled last week and put it into GSK.
If we just wait a while. No tears for us"
Volatility: Trader's dream, buy-and-holders' nightmare!
Liberty: Parent of Science & Industry
I knew it would happen.
Im positive, but last. Whew that was close.
and btw - YTD:
AGQ: 5.9% up
SLV 5.3% up
A market crash later in the year would scramble these all up, of course, and maybe we'll see a nice correction somewhere along the way to see how different asset classes perform
Well, we expected it, and we're getting it! No one thought it would be this soon, or this much, but as cohodk has said, the best cure for high prices is... high prices!
Hang in there
Liberty: Parent of Science & Industry
<< <i>no problem wings - i dunno if anyone wants to see these charts right now anyways. post again when we're all +20%! much more fun.
and btw - YTD:
AGQ: 5.9% up
SLV 5.3% up >>
Leveraged ETFs are a sure bet to lose money against their index overtime. In the long run, many triple leveraged ETFs will have to do reverse spits just to stay listed. The degenerative decay, is only one problem they have. If I had unlimited funds I would short every triple or more ETF I could find, long and short. The main problem with the strategy is that they can have out-sized moves in the short run that would need large infusions of cash to cover margin requirements, but if you having the other side(long/short) the same index you would be able to offset these big moves to a degree. In the long run, I have no doubt this strategy would produce very nice returns. Any one have a few hundred million dollars?
Of course the average "investor" has no idea how to use these things, which are designed for day trading and hedging and lose their arse when dealing with these things, so eventually I would expect new regs to be placed on them within a few years.
Understandable.
I've noticed an interesting little phenomenon, in my emotions toward investments, upon reflection in hindsight:
Those periods in the market when I'm frequently hitting "refresh" to see how much money I'm making in my portfilio, and daydreaming about even bigger numbers:
I should be selling some portion of the big movers
Those periods when I'm dejected, depressed, disgusted and don't want to log on to the computer, and don't even bother opening mailed statements:
I should be adding to positions of securities that I like still like fundamentally
I'm trying to do more of the above, as difficult as it is. I sold some stocks and metals in Feb and March, and bought a few big (for me) numismatic coins I had always wanted, did some home improvements, and added to cash reserves
In April and May, buying back some of the very same stocks and PMs at discounted prices, hoping to rinse and repeat one more time this year.
Liberty: Parent of Science & Industry
I knew it would happen.
Give Me Liberty or Give Me Debt
I agree wholeheartedly that the picture for Dec 31, 2012 is wide open, and I remain full of hope (and have a reasonable expectation) that we'll all be well into positive territory by that time.
Best of Luck to All
Liberty: Parent of Science & Industry
<< <i>For the purposes of this thread, we're all forced to stick with our picks (this is distinct from our "real" portfolios, in which we trade these swings to our advantage, maybe)
I agree wholeheartedly that the picture for Dec 31, 2012 is wide open, and I remain full of hope (and have a reasonable expectation) that we'll all be well into positive territory by that time.
Best of Luck to All >>
Let me rephrase: I continue to have faith in my sliver pick (AGQ). . .
Give Me Liberty or Give Me Debt
Give Me Liberty or Give Me Debt
Maybe next year.
Maybe next year. <<
chart/graph would be much easier if everyone picked just one Yahoo tracked security
Example Chart/Graph comparing relative performance over time
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
Special recognition to TwinTurbo who achieved a whopping 7X increase on his balance!!!
High betas mean high risk but can also bring high reward. Similarly, some entrants will probably spend the whole year and finish between up 2% and down 2%.
the interesting spectrum of choices is educational
Liberty: Parent of Science & Industry
Give Me Liberty or Give Me Debt
I knew it would happen.
I stuffed my SDB as full as it can go, as it was even tight to squeeze into the slot. They looked at me funny by the way I was carrying it. hah!
Experimenting and learning about the hiding thing. Maybe I'll sell shares of my treasure map.
I'll lend money to 'friends' at 10%. Used to be a terminal thing to do - now less risky and more return then a bank or investments. (ps: alternately, Lending money to family is called giving it away...)
I could go back to stealing. Oh, wait, that's called 'goverment' now...
I could go back to selling a lot of drugs for hugh profits. Oh, wait, that's called the medical/insurance industry now...
I could borrow money from the mob at 25%. Oh, wait, that's called Visa or American Express now...
Borrow money from Romney.. Yeah! buy my vote. (If Ron calls, tell him I'll do it for one gold buffalo..)
maybe took a step or two up this week
Liberty: Parent of Science & Industry
<< <i>Long road back to the top
maybe took a step or two up this week >>
Our time will come
Give Me Liberty or Give Me Debt
WHEW. Finally.
I knew it would happen.
Crazy times, but not yet halfway over
Liberty: Parent of Science & Industry
Here are the results for the first half of the year. Let the analysis begin...