In Bob Brinker's absence today, here are some investing tips, ingenious analysis and great humor sent by top-notch gurus on this blog - for your enjoyment and entertainment:
TODAY'S "WORN-OUT RETREAD" PROGRAM, COPYRIGHTS AND BANANAS:
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Could hear the deafening whine generated by those worn-out retreads on the greasy Clinker Highway today. Gosh, even the roadkill and the empty beer cans were stale leftovers from days of yore. Could feel a snooze or an oil change coming on rapidly, whichever arrived first.
But then my head jerked back, as if yanked into the present rudely by an audible screech, by a comment seemingly spliced and diced into the trailing entrails of the radio show's first hour. It was a pin prick heard 'round the world, "From the islands of... to the shores of... (you know the drill)"
The radio DJ said, with an intentional Hollywood dramatism (quoted loosely, haven't seen the instant replay yet) "...and our broadcasts are...(insert drama) copyright...(more drama) protected."
What's that supposed to mean? Is it that people can't discuss what he said because if someone didn't hear the original broadcast with its commercials then it's a copyright steal to tell them? That sounds like dumbass logic to me, as is his statement.
If he's not reading the latest M* thread and intentionally commenting on it, I'll be a monkey's uncle. Got a banana?
LOOK AT PERCENTAGES, NOT NUMBERS:
Could hear the deafening whine generated by those worn-out retreads on the greasy Clinker Highway today. Gosh, even the roadkill and the empty beer cans were stale leftovers from days of yore. Could feel a snooze or an oil change coming on rapidly, whichever arrived first.
But then my head jerked back, as if yanked into the present rudely by an audible screech, by a comment seemingly spliced and diced into the trailing entrails of the radio show's first hour. It was a pin prick heard 'round the world, "From the islands of... to the shores of... (you know the drill)"
The radio DJ said, with an intentional Hollywood dramatism (quoted loosely, haven't seen the instant replay yet) "...and our broadcasts are...(insert drama) copyright...(more drama) protected."
What's that supposed to mean? Is it that people can't discuss what he said because if someone didn't hear the original broadcast with its commercials then it's a copyright steal to tell them? That sounds like dumbass logic to me, as is his statement.
If he's not reading the latest M* thread and intentionally commenting on it, I'll be a monkey's uncle. Got a banana?
LOOK AT PERCENTAGES, NOT NUMBERS:
I have informally advised more than a few folks over the years about investing and an saddened with the lack of basic mathematic knowledge that has been heard.
Investors may hear on the news "the Dow fell 100 points." Is this bad? Terrible? No big deal? As I say, you need to look at the percentage change. Had the Dow been at 1000, that would represent a ten percent decline, a financial earthquake for a market index. With the Dow currently over 25000 it would take a 250 point drop to represent only a one percent slip.
Unless you trade equities (as I did in a former life), and have a long term term outlook with your retirement account, look at market moves on a weekly or quarterly basis. Forget the day to day gyrations. More often than not after five days of wild swings the index you follow will be close to where it started.
Thank you for attending. Class dismissed.
Trees said:
I read of the benefits of pivoting from growth stocks when they are high priced to value and dividend paying stocks. This is the category wherein Wellington lies.
Also, we read that bonds may have a weaker future given the expected interest rate increase over long term future. It may be better to be 70% stocks with bonds reserved for safe money.
We know how hard the bond market or income producing investments are, given Bob's costly investment advice to stay ultra short duration for some years now. From my personal research, my faith in knowledge of the income investment market is weak, but my faith in the Wellington's expertise is high. An active managed fund has better return in this category. May be do to the knowledge of real risk vs return and not just some radio host's easy talking point.
Also, these balanced funds have return opportunity to increase the bond or stock percentage within appropriate time periods. The one referred to does typically have low a percentage of foreign stock for same purpose to increase yield and lower volatility. Rebalancing the funds investment occurs not upon some random year anniversary, but upon intelligent time frame. For example, best to let winning bets run. Yet, it is wise to pull money from winners to invest in value such as our lower priced bonds at some point that I'm clueless to know.
I've moved some investments and have 50% of portfolio in cash. There isn't much cost to be in cash, now, since markets are going sideways. Better for the short term to be in the low interest trading account. Not for the long term, but for some buying opportunity if such appears. I think a boatload of investors are doing likewise and as a result no opportunity will appear unless? No one knows. My retirement plan was to spend down taxable IRAs before Social Security and that is a 5 year span. Most will advise to stay in safe investments for this short time period.
I'm thinking that the economy could do extremely well during the Trump reign and if so could be another 8 yrs after that. So, many good things that know one could have thought were possible. This Energizer bunny is pushing hard to MAGA. Those aren't empty words, apparently. We'll see in the long term if he can be successful. IMHO, everything is spot on. Early in the political campaign I liked the guy after hearing his management philosophy. Get the best you can get to do a good job and empower them to do so. This is good management to delegate and hold these people accountable, Trump knows how to market and manage the Left and their press. Politicians in general can't delegate as they have crafted their popularity and career gains by grabbing all the credit.
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