Not my neighborhood

[Guest]

Re: Not my neighborhood

Clarification "CRAFTY" - R.B. has no relation to the KRAFT CHEESE family. (No offence to Kraft Cheese! One of America's most woefully under-appreciated contributions to "The Cheeseburger" and the international cultural reputation of "American World-Class Cuisine").

[rabot10]

Re: Not my neighborhood

Clarification "CRAFTY" - R.B. has no relation to the KRAFT CHEESE family. (No offence to Kraft Cheese! One of America's most woefully under-appreciated contributions to "The Cheeseburger" and the international cultural reputation of "American World-Class Cuisine").

Lukester are U upset that I think that U R Peter the great ?

[rabot10]

Re: Not my neighborhood

Just so no one thinks that I am full of myself with my "crafty" mortgage to metals play, I thought that i would give U a little more info on how "crafty" I really am.

I took 40% of the money and invested it in PMs that were hard to trade (goldmoney and Perth mint) the other 60% i put in my MAN futures account (Becouse U see I know how to spot the tops and bottoms in any market lol) now if U take the losses from the futures account I am up about 50% of what I would have been if I had just invested - now that is crafty.

I think the thread 315% over bla bla thread covers it all

[Guest]

Re: Not my neighborhood

Rick I was just blathering (I like to post anarchic "left field" comments).

You've done really, really good. You have to expect some degree of net worth backdraft from keeping an upper end home in a hard hit state like Florida to please your family - and that is a wealth of "human" factors which have nothing to do with investment. What you did with equity extraction and moving a large chunk of those assets to gold shows strength of conviction, and hard headed wisdom.

It it were me, I'd just close down the futures account and double down on gold, with a mental stop to pile out at 100% profit and you'll make out like the bandit you were born to be.

[rabot10]

Re: Not my neighborhood

Rick I was just blathering (I like to post anarchic "left field" comments).

You've done really, really good. You have to expect some degree of net worth backdraft from keeping an upper end home in a hard hit state like Florida to please your family - and that is a wealth of "human" factors which have nothing to do with investment. What you did with equity extraction and moving a large chunk of those assets to gold shows strength of conviction, and hard headed wisdom.

It it were me, I'd just close down the futures account and double down on gold, with a mental stop to pile out at 100% profit and you'll make out like the bandit you were born to be.

lol based on the performance of Euro Pacific I will be liquidating that bull shit account and putting it into something that will at least keep up with inflation - tell Peter I said hi

[jk]

Re: Not my neighborhood

lol based on the performance of Euro Pacific I will be liquidating that bull shit account and putting it into something that will at least keep up with inflation - tell Peter I said hi

are you closing the futures account and/or the europac account?

[rabot10]

Re: Not my neighborhood

are you closing the futures account and/or the europac account?

lol i think both

[Guest]

Re: Not my neighborhood

Like I said JK - this RB guy is a crafty so and so. I agree with him (about that brokerage and also the wider picture). All this prancing around cycling through a dozen different investment strategies and myriad exquisitely devised tactical plays. It's is just a lot of heavy activity, kicks up a lot of dust without any real life-changing results at the end of the day.

If you find the one right button to push for the decade, you just push the darn button and act like the Buddha - you sit (stock brokers hate people like that), which in other words means just get on with the rest of your life. Much of the rest seems like one giant, hyperactive hobby-horse sometimes.

[jk]

Re: Not my neighborhood

Like I said JK - this RB guy is a crafty so and so. I agree with him. All this prancing around with a dozen different investment strategies is just a lot of heavy activity, kicking up a lot of dust without huge results at the end of the day.

If you find the one right button to push for the decade, you just push the darn button and act like the Buddha - you sit, which in other words means just get on with the rest of your life. Much of the rest seems like one giant, hyperactive hobby-horse to me sometimes.

this reminds me of marc faber's once-a-decade trader: bought gold as soon as he could in the early 70's, switched to japanese equities in the early 80's, sold around 12/31/89 and moved the proceeds into american tech stocks. sold on 1/2/00 and bought..... what?

jesse livermore said he made the most from sitting on his correct investments, "be right and sit tight."

do you have the conviction to put it all into something and not think about it again for a few years? i suppose if i had to put it all in something it would be gold. i track my investments weekly, not just in aggregate dollars but divided by the price of gold, and also multiplied by the dollar index. i've only been tracking this carefully a little over 6 years, and my graph versus gold is, not surprisingly, negatively sloped. but i consider my 30% pm allocation about all i can tolerate. perhaps you have the cojones to take a more concentrated position, in gold or whatever you think is the investment of the decade, and ignore the volatility. if so, i salute you.

[Guest]

Re: Not my neighborhood

JK - I just don't enjoy having a ring through my nose and being tethered to "the markets". I also think very few people make life changng wealth consistently by ever shorting anything (well maybe Bart, but he ain't human).

Richard Russell (who can't get any respect in some quarters these days) says he long ago learned to ignore shorting opportunities in true bear markets. In an ugly bear, you're hard pressed to avoid getting squashed and Russell says the serious investor is "long only" at the right times, or "out of the markets" at the inopportune times. You can be shorting, but that's strictly for your "playing around money".

Of course "out of the markets" does not have to mean "out of everything".

Speaking for myself, I find stock investing a dreary business. In my view it tends to produce people with the emotional depth of an insurance actuary, or maybe a career mortician or a parking warden. I don't give up on trying to build wealth, but I try to keep the engrossment with stock markets down to a minimum. It's just a personal quirk - and of course everyone else certainly has a right to be enthusiastic about it, and many certainly are.

[jk]

Re: Not my neighborhood

i find what's going on in the u.s. economy one fascinating part of what's going on politically AND economically AND culturally around the globe. i think we are living through a profound global transition, a transition that is fraught with dangers but no less fascinating for that fact. the markets are just a piece of that larger system.

as for the role of shorts, i've been shorting on and off for a long time, and did a lot of it in the early '90s and then again earlier this decade. i've since learned to keep my exposures controlled, and mostly to use puts instead of shorts. most of my profits in the last few years are from my pm's, but the shorts reduce the overall volatility of my portfolio, hedging my exposure in canadian income trusts mostly. so, by virtue of reducing volatility, they actually reduce stress instead of increasing it. i'm not even sure i'm making any money from short positions - of course i am LATELY, but i mean overall. but frankly i don't mind if i'm losing a little if it reduces overall volatility sufficiently. i'm interested in risk-adjusted returns more than overall returns.

[c1ue]

Re: Not my neighborhood

It all depends on what your definition of 'life changing' is.

Even the mythical, magical Faber trader would have a hard time keeping up with Sir Warren's record over the past 40 years.