Home › Forums › Financial Markets/Economics › Calling start of new Fool’s Rally – this morning
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lonestar2000.
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October 20, 2008 at 8:13 AM #290422October 20, 2008 at 3:22 PM #290290
CoronitaParticipant[quote=desmond]”I’m out this morning. $66.9. We’re back about 9000 (for now)”
I am much more interested on how you lost over $400k in your wife’s account.[/quote]
Not my wife’s account. My own..
And it’s pretty simple….All my “passive” accounts (401k and post tax vanguard accounts) track all the major indexes (S&P,international indexes etc), and I never touch. Indexes are down approximately 38-40% from peak. That’s what I consider a loss. Yes, I know, it’s probably an overstated loss, because one never ever sells at peak. But still…Cost base wise, it’s probably closer to 20% loss. But I like to consider having a bigger loss, because I’m a massocist. Feel the pain…Yeah…Wheee…
I never thought active management would do better than passive management, because I generally stink at active management.
My wife probably lost less, be cause she has more cash positions and precious metals. Didn’t look at her account.
October 20, 2008 at 3:22 PM #290599CoronitaParticipant[quote=desmond]”I’m out this morning. $66.9. We’re back about 9000 (for now)”
I am much more interested on how you lost over $400k in your wife’s account.[/quote]
Not my wife’s account. My own..
And it’s pretty simple….All my “passive” accounts (401k and post tax vanguard accounts) track all the major indexes (S&P,international indexes etc), and I never touch. Indexes are down approximately 38-40% from peak. That’s what I consider a loss. Yes, I know, it’s probably an overstated loss, because one never ever sells at peak. But still…Cost base wise, it’s probably closer to 20% loss. But I like to consider having a bigger loss, because I’m a massocist. Feel the pain…Yeah…Wheee…
I never thought active management would do better than passive management, because I generally stink at active management.
My wife probably lost less, be cause she has more cash positions and precious metals. Didn’t look at her account.
October 20, 2008 at 3:22 PM #290606CoronitaParticipant[quote=desmond]”I’m out this morning. $66.9. We’re back about 9000 (for now)”
I am much more interested on how you lost over $400k in your wife’s account.[/quote]
Not my wife’s account. My own..
And it’s pretty simple….All my “passive” accounts (401k and post tax vanguard accounts) track all the major indexes (S&P,international indexes etc), and I never touch. Indexes are down approximately 38-40% from peak. That’s what I consider a loss. Yes, I know, it’s probably an overstated loss, because one never ever sells at peak. But still…Cost base wise, it’s probably closer to 20% loss. But I like to consider having a bigger loss, because I’m a massocist. Feel the pain…Yeah…Wheee…
I never thought active management would do better than passive management, because I generally stink at active management.
My wife probably lost less, be cause she has more cash positions and precious metals. Didn’t look at her account.
October 20, 2008 at 3:22 PM #290638CoronitaParticipant[quote=desmond]”I’m out this morning. $66.9. We’re back about 9000 (for now)”
I am much more interested on how you lost over $400k in your wife’s account.[/quote]
Not my wife’s account. My own..
And it’s pretty simple….All my “passive” accounts (401k and post tax vanguard accounts) track all the major indexes (S&P,international indexes etc), and I never touch. Indexes are down approximately 38-40% from peak. That’s what I consider a loss. Yes, I know, it’s probably an overstated loss, because one never ever sells at peak. But still…Cost base wise, it’s probably closer to 20% loss. But I like to consider having a bigger loss, because I’m a massocist. Feel the pain…Yeah…Wheee…
I never thought active management would do better than passive management, because I generally stink at active management.
My wife probably lost less, be cause she has more cash positions and precious metals. Didn’t look at her account.
October 20, 2008 at 3:22 PM #290642CoronitaParticipant[quote=desmond]”I’m out this morning. $66.9. We’re back about 9000 (for now)”
I am much more interested on how you lost over $400k in your wife’s account.[/quote]
Not my wife’s account. My own..
And it’s pretty simple….All my “passive” accounts (401k and post tax vanguard accounts) track all the major indexes (S&P,international indexes etc), and I never touch. Indexes are down approximately 38-40% from peak. That’s what I consider a loss. Yes, I know, it’s probably an overstated loss, because one never ever sells at peak. But still…Cost base wise, it’s probably closer to 20% loss. But I like to consider having a bigger loss, because I’m a massocist. Feel the pain…Yeah…Wheee…
I never thought active management would do better than passive management, because I generally stink at active management.
My wife probably lost less, be cause she has more cash positions and precious metals. Didn’t look at her account.
October 20, 2008 at 5:34 PM #290351peterb
ParticipantEveryone should take a quick read on Jesse Livermore and William O’Neil for how to be invested in stocks. Does not take long and these two guys span 1900 to today and both were very successful in the markets over multiple decades.
October 20, 2008 at 5:34 PM #290660ParticipantEveryone should take a quick read on Jesse Livermore and William O’Neil for how to be invested in stocks. Does not take long and these two guys span 1900 to today and both were very successful in the markets over multiple decades.
October 20, 2008 at 5:34 PM #290666ParticipantEveryone should take a quick read on Jesse Livermore and William O’Neil for how to be invested in stocks. Does not take long and these two guys span 1900 to today and both were very successful in the markets over multiple decades.
October 20, 2008 at 5:34 PM #290698ParticipantEveryone should take a quick read on Jesse Livermore and William O’Neil for how to be invested in stocks. Does not take long and these two guys span 1900 to today and both were very successful in the markets over multiple decades.
October 20, 2008 at 5:34 PM #290702ParticipantEveryone should take a quick read on Jesse Livermore and William O’Neil for how to be invested in stocks. Does not take long and these two guys span 1900 to today and both were very successful in the markets over multiple decades.
October 20, 2008 at 5:37 PM #290355Allan from Fallbrook
Participantpeterb: What’s your take on Ben Graham?
October 20, 2008 at 5:37 PM #290665Participantpeterb: What’s your take on Ben Graham?
October 20, 2008 at 5:37 PM #290670Participantpeterb: What’s your take on Ben Graham?
October 20, 2008 at 5:37 PM #290703Participantpeterb: What’s your take on Ben Graham?
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