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Thread: Motley Fool rundown on Vegas

  1. #21


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    This article covers virtually all of the important points.

    https://www.forbes.com/advisor/inves...s-performance/

    Don

  2. #22
    Senior Member drunk's Avatar
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    ...................


    I used to think I was knowledgeable about the market
    I'm not ashamed to say - I don't think that anymore - I don't think I know much of anything
    recession with 10% unemployment and the market goes way up - I don't get it at all

    before John Bogle died I read a story that he was very upset because so much of Vanguard had become about speculation - which was the opposite of what he was about

    it seems like the current generation - the movers and shakers - are all about speculation - not about long term investing
    I haven't sold - I'm still hanging tough - but I haven't got a clue
    believe half of what you see...........and none of what you hear..............Edgar Allan Poe

  3. #23


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    "recession with 10% unemployment and the market goes way up - I don't get it at all."

    Was today better?!

    Don

  4. #24
    Random number herder Norm's Avatar
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    “When the waiter brought the cheese-board, there was a large carrot carved in the shape of a mermaid sitting between the Dolcelatte and the Pecorino. Teo could have sworn that the carrot-mermaid flexed her tail and plunged her little hand inside a smelly Gorgonzola. 'Tyromancy, ye know,' remarked the mermaid. 'The Ancient Art of Divination by Cheese.' Then she pulled her tiny hand out and inspected the green cheese-mold on her tiny fingers. 'Lackaday!' she moaned. 'Stinking! It goes poorly for Venice and Teodora, it do!”
    -- Michelle Lovric, The Undrowned Child

    I trust sports touts more than market touts. Thing is, in the financial markets you are betting against companies with enormous bankrolls who rent spaces from the markets feet away where they have high-speed machines that will beat you on every trade. I'd rather bet against sports idiots that bet on colors and past irrelevancies.

    As for the markets, I buy and hold. Riding the downs is scary. But, a decent holding will recover and meanwhile pay dividends that are better than any current fixed holdings.
    Last edited by Norm; 02-25-2021 at 04:50 PM.
    "Croyez ceux qui cherchent la vérité, doutez de ceux qui la trouvent." --André Gide

  5. #25
    Random number herder Norm's Avatar
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    Quote Originally Posted by Overkill View Post
    Can any of you finance experts comment on Jim Cramer's competence at recommending stocks? I realize he has had some controversy in his past, but is he worth listening to? He apparently has to wait 5 days before acting on recommendations he gives on his show I believe, and on his website is a disclaimer about his Disney and Mastercard charitable trust(s).
    OTOH, didn't Cramer claim to be a card counter? Should we invite him to a chat?
    "Croyez ceux qui cherchent la vérité, doutez de ceux qui la trouvent." --André Gide

  6. #26


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    Quote Originally Posted by Norm View Post
    OTOH, didn't Cramer claim to be a card counter? Should we invite him to a chat?
    Never heard that. Maybe we should send him copies of our books!

    Don

  7. #27


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    Quote Originally Posted by Norm View Post
    and meanwhile pay dividends that are better than any current fixed holdings.
    Ironically, that's what caused today's rout. The yield on the 10-yr. Treasury hit 1.49%, which is now the same as the dividend yield of the S&P 500. So, many fear a flight out of equities and into bonds. Today appeared to be day one. I hope there aren't too many more like this one.

    Don

  8. #28
    Senior Member MJGolf's Avatar
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    Quote Originally Posted by DSchles View Post
    In case you're not aware, Fidelity S&P 500 Index fund and several others, have ZERO fees. See here:

    https://www.fidelity.com/mutual-fund...B&gclsrc=aw.ds

    Don
    Thanks Don, that's the point I was trying to make. Don't pay mutual fund fees. Invest through Index based ETF's. Long run, it adds to your bottom line.
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein

  9. #29
    Senior Member MJGolf's Avatar
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    Quote Originally Posted by drunk View Post
    ...................


    I used to think I was knowledgeable about the market
    I'm not ashamed to say - I don't think that anymore - I don't think I know much of anything
    recession with 10% unemployment and the market goes way up - I don't get it at all

    before John Bogle died I read a story that he was very upset because so much of Vanguard had become about speculation - which was the opposite of what he was about

    it seems like the current generation - the movers and shakers - are all about speculation - not about long term investing
    I haven't sold - I'm still hanging tough - but I haven't got a clue
    The last two days have been fairly brutal. Not correction sort of dip but sizeable. What bothers me in this "new market" is that when a stock beats expectations and revenues/profits are higher than expected, it's almost the reverse of history. Instead of price going UP; it's been going DOWN in the short run. This is VERY frustrating.

    And then Gamestock gains another 100% in one day trading, so if that isn't speculative/gambling, what is? LOL
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein

  10. #30
    Senior Member MJGolf's Avatar
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    Speaking of long term or intermediate term, and not trying to turn this page into a stock touting source, BUT what do you guys think about putting cash into the high yield dividend funds for parking purposes? Money in the bank............even so called high interest savings accounts is just a waste of time. But the yield on these dividend funds is much better than a savings account and hopefully their price is fairly stable to park your funds IF you are of the opinion the market will correct sometime soon and you want to take advantage of a buying opportunity then..................who the F knows? LOL
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein

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