Hell, I gave up trying to time the market years ago. As its all emotional you just cannot "time" the markets.
As far as investment strategies, so many varieties exist, all I'll say is Good Luck in picking a winning strategy. The old staples of; fundamentals, buy and hold, invest for the long-term, and, the most important "diversification" not keeping all your eggs in one basket, do apply.
Played the market for a couple of decades, win some, lose some, over the course of time about broke even, slightly positive but the cost of the trades and taxes put me slightly negative. Mad money so of no consequence. It's really just too damn much work to be a "trader" - due diligence on the thousands of possible investment vehicles - forget about it.
Today my portfolios are under the control of an active investment brokerage firm using their conservative retirement strategy. The investment broker employs dozens of analysts and God only knows what they use as triggers. A gross overview of my portfolios diversification provides roughly a third in each of cash, bonds and equities. Over the past twenty years this trading platform has provided myself returns averaging 6-8% per annum. Very satisfactory performance in my eyes.
And the best part - I can ignore it entirely.
ahh yes, just sittin' pretty and lovin' the life amen and hallelujah
Good morning fellas, should be another crazy day. As for paying people to make decisions on my financial future I don't. As for advice ( and I've never used one) they say it's best to trust a fee only not % type bone thrower. 6% ain't bad but I have enough mouths to feed.
Best of luck, gotta run.
the fish
Indeed that is the best part. My assets are mostly real estate. I will admit that I lucked into them thanks to my grandfather but they are far more valuable than the investments I created for myself through my own work efforts thanks to Seattle being an explosive real estate market over the last twenty years. I basically just run a property management biz and these properties generate substantial revenue. A big reason why I only work part time doing consultancy work. I am very cheap and do not even allow myself the luxury of a new car. I sock it all away.
^ Getting older will do me...
why is sh1tpaper being stockpiled ?
wrong thread
Post removed
Last edited by Dragonfly; 03-03-2020 at 02:56 PM.
from the advices of the medical professionals it would seem that rubber gloves would be the prophylactic best stocked up on
I thought the wife was in a pretty safe place, being up in the sticks of Isaan. However, she has heard rumours of a couple returning from Korea being pretty sick and refusing to go to the hospital. That's in the market town about 20km away. Lots of villagers calling for them to go to the hospital so they'll either go or be lynched by morning. If they are infected then it won't take long before it has spread around the province...
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She has stocked up on baby food and pampers...the adults can look after themselves.
In a place where people often sit in circles eating with their fingers and sharing the same dish I'd opt for the rubber gloves. There are those on the board that could use the pampers though.
Good luck with it.
Fishy
I think the US is going to take off like a wildfire unfortunately, California specifically due to its diversity in population. Our society is loaded with retirement communities and nursing homes. Those all have medical nurses in and out. if one or two bring it in, it could cause complete havoc. I spoke with my Dad this morning and told him he needs to cancel any doc appts for the near term. They only go for check ups on and off, those can wait.
^ if you had rubber gloves on I would say that you would more likely remove them to scratch your gonads which would keep the gloves away from your eyes
No need to stock up here. All we need we grow or raise but I may run over to Makro and stock up on tortillas and corn chips.
I heard a similar story, a local returnee from Korea, in Nongbualamphu.
Just wondering if it is the same story or another one.
^ That's interesting and quite likely the same people that they had heard about. However, the talk was of a couple in the same Amphur, which has worried the wife. She has decided not to take her mother to the hospital for her monthly check-up any longer. Better to not take the risk unless some major problem arises.
Do you believe the central banks cutting interest rates, it seems to their tool of choice, will succeed?
Some are suggestion, as the real problem is a global inability to create the situation of workers returning to their workplaces. To refill the grid locked supply chains. As well as getting the buyers back and into spending mode.
That financial smoke and mirrors utilised previously, will fail.
Dead Cat Bounce: Central Bank Easing Sends Stocks Into the Stratosphere
https://www.unz.com/mwhitney/dead-cat-bounce-central-bank-easing-sends-stocks-into-the-stratosphere/
A tray full of GOLD is not worth a moment in time.
This sould do for a couple of days..haha.
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