Barnaby, how are those shorts working out?

[TheBreeze]

I’m still dollar-cost averaging. I get paid every two weeks and I contribute the max to my 401(k) and that goes automatically into a few index funds. I also make periodic investments in the SPY outside of my 401(k).

More importantly, I haven’t pulled out of any of the investments I’ve made over the last several years. Slow and steady wins the race.

And yes, I did say 10K on Monday. That’s how low I think the market could go before this is all over. It doesn’t mean I’m selling though. Since I’m not a trading genius like Barnaby, I plan to continue dollar cost averaging over the next 15 years regardless of how the market does in the short term.

I’ve yet to see any of the trading geniuses say what they are doing in real time. It’s always “I’m up 200% for the year” or some BS like that.

[kewp]

I’ve yet to see any of the trading geniuses say what they are doing in real time. It’s always “I’m up 200% for the year” or some BS like that.

I’ll say what I’m doing real time. Its the same as what I’ve done for the last decade. I stay in cash/gold until I see a sure thing then I go for it. I bought SKF as soon it was available and despite todays beating is still the top ETF performer of the last year.

Dollar-cost averaging has proven an ineffective strategy. It’s hyped by the private equity firms as it provides liquidity from the herd to finance the quant funds. We’ll see how your 401k is doing a year from now. And even if it recovers and you end up in the black in the long term, it doesn’t mean it was good idea to throw your money away in the interim.

Todays action was an example of one the few sure things in the financial markets, the ‘short squeeze’. Its also a lesson that shorts of individual investment houses/banks is bad juju. This is like trying to beat the house while playing against a stacked deck.

All the banks have to do is call up one of their billionaire buddies when they see record shorting of their stock and have them put in a big buy order. This forces a short-covering rally and drives the stock updwards. The banks and their cronies then sell off the rally, pocket the gains and the stock resumes its descent. This can be repeated many, many times.

[kewp]

I’ve yet to see any of the trading geniuses say what they are doing in real time. It’s always “I’m up 200% for the year” or some BS like that.

I’ll say what I’m doing real time. Its the same as what I’ve done for the last decade. I stay in cash/gold until I see a sure thing then I go for it. I bought SKF as soon it was available and despite todays beating is still the top ETF performer of the last year.

Dollar-cost averaging has proven an ineffective strategy. It’s hyped by the private equity firms as it provides liquidity from the herd to finance the quant funds. We’ll see how your 401k is doing a year from now. And even if it recovers and you end up in the black in the long term, it doesn’t mean it was good idea to throw your money away in the interim.

Todays action was an example of one the few sure things in the financial markets, the ‘short squeeze’. Its also a lesson that shorts of individual investment houses/banks is bad juju. This is like trying to beat the house while playing against a stacked deck.

All the banks have to do is call up one of their billionaire buddies when they see record shorting of their stock and have them put in a big buy order. This forces a short-covering rally and drives the stock updwards. The banks and their cronies then sell off the rally, pocket the gains and the stock resumes its descent. This can be repeated many, many times.

[kewp]

I’ve yet to see any of the trading geniuses say what they are doing in real time. It’s always “I’m up 200% for the year” or some BS like that.

I’ll say what I’m doing real time. Its the same as what I’ve done for the last decade. I stay in cash/gold until I see a sure thing then I go for it. I bought SKF as soon it was available and despite todays beating is still the top ETF performer of the last year.

Dollar-cost averaging has proven an ineffective strategy. It’s hyped by the private equity firms as it provides liquidity from the herd to finance the quant funds. We’ll see how your 401k is doing a year from now. And even if it recovers and you end up in the black in the long term, it doesn’t mean it was good idea to throw your money away in the interim.

Todays action was an example of one the few sure things in the financial markets, the ‘short squeeze’. Its also a lesson that shorts of individual investment houses/banks is bad juju. This is like trying to beat the house while playing against a stacked deck.

All the banks have to do is call up one of their billionaire buddies when they see record shorting of their stock and have them put in a big buy order. This forces a short-covering rally and drives the stock updwards. The banks and their cronies then sell off the rally, pocket the gains and the stock resumes its descent. This can be repeated many, many times.

[kewp]

I’ve yet to see any of the trading geniuses say what they are doing in real time. It’s always “I’m up 200% for the year” or some BS like that.

I’ll say what I’m doing real time. Its the same as what I’ve done for the last decade. I stay in cash/gold until I see a sure thing then I go for it. I bought SKF as soon it was available and despite todays beating is still the top ETF performer of the last year.

Dollar-cost averaging has proven an ineffective strategy. It’s hyped by the private equity firms as it provides liquidity from the herd to finance the quant funds. We’ll see how your 401k is doing a year from now. And even if it recovers and you end up in the black in the long term, it doesn’t mean it was good idea to throw your money away in the interim.

Todays action was an example of one the few sure things in the financial markets, the ‘short squeeze’. Its also a lesson that shorts of individual investment houses/banks is bad juju. This is like trying to beat the house while playing against a stacked deck.

All the banks have to do is call up one of their billionaire buddies when they see record shorting of their stock and have them put in a big buy order. This forces a short-covering rally and drives the stock updwards. The banks and their cronies then sell off the rally, pocket the gains and the stock resumes its descent. This can be repeated many, many times.

[kewp]

I’ve yet to see any of the trading geniuses say what they are doing in real time. It’s always “I’m up 200% for the year” or some BS like that.

I’ll say what I’m doing real time. Its the same as what I’ve done for the last decade. I stay in cash/gold until I see a sure thing then I go for it. I bought SKF as soon it was available and despite todays beating is still the top ETF performer of the last year.

Dollar-cost averaging has proven an ineffective strategy. It’s hyped by the private equity firms as it provides liquidity from the herd to finance the quant funds. We’ll see how your 401k is doing a year from now. And even if it recovers and you end up in the black in the long term, it doesn’t mean it was good idea to throw your money away in the interim.

Todays action was an example of one the few sure things in the financial markets, the ‘short squeeze’. Its also a lesson that shorts of individual investment houses/banks is bad juju. This is like trying to beat the house while playing against a stacked deck.

All the banks have to do is call up one of their billionaire buddies when they see record shorting of their stock and have them put in a big buy order. This forces a short-covering rally and drives the stock updwards. The banks and their cronies then sell off the rally, pocket the gains and the stock resumes its descent. This can be repeated many, many times.

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

[sd_bear]

If you really think the Dow is going to hit 10,000 then you’d be a fool to not invest in an ETF that shorts it. Once you hit your bottom you can start dollar cost averaging on the way up. As long as there’s movement, there is money to be made.

In my opinion, this false rally gives me a perfect opportunity to reinvest cheaply in an ETF that shorts the market.

[sd_bear]

If you really think the Dow is going to hit 10,000 then you’d be a fool to not invest in an ETF that shorts it. Once you hit your bottom you can start dollar cost averaging on the way up. As long as there’s movement, there is money to be made.

In my opinion, this false rally gives me a perfect opportunity to reinvest cheaply in an ETF that shorts the market.

[sd_bear]

If you really think the Dow is going to hit 10,000 then you’d be a fool to not invest in an ETF that shorts it. Once you hit your bottom you can start dollar cost averaging on the way up. As long as there’s movement, there is money to be made.

In my opinion, this false rally gives me a perfect opportunity to reinvest cheaply in an ETF that shorts the market.

[sd_bear]

If you really think the Dow is going to hit 10,000 then you’d be a fool to not invest in an ETF that shorts it. Once you hit your bottom you can start dollar cost averaging on the way up. As long as there’s movement, there is money to be made.

In my opinion, this false rally gives me a perfect opportunity to reinvest cheaply in an ETF that shorts the market.

[Author]

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