Message from @RJ
Discord ID: 786676946905464832
<:nice:786143233720713229>
@RJ For the time that I put in, the outcome isn't significant enough.
That's not to mention the industry-specific knowledge that you need too.
I thought you guys were talking about me for investing shittily. Lol Im still up on the day
I'm speaking from experience, from investing in agriculture and commodities.
No, I didn't criticize it.
I just said that I'm not a fan.
we need the stonks channel back
You barely outperform the market unless you find a gem.
When you do, the time invested is far too great.
Fun, yes. Sustainable, no.
Yeah, I just invest into an index fund for my 401k
Soo, if I had little to no knowledge, will that make me more successful in investing?
@CommoditisationShock I think you can find short term value and do frequently
Outpacing the market typically means doing >~5% a year, I think the effort it takes to get more than that through active investing is worthwhile
IPOs however are a trap
If you buy at the beginning
IPOs definitely are.
@RJ It could be.
I'm just saying that it isn't for me, not right now.
In the future, it probably will be.
I didn't mean to discredit any of you.
Anyhow, have any of you heard of Ray Dalio's All Weather Portfolio?
@CommoditisationShock no man I dont take offense to it. Posting my wins means i need to show my losses when they happen
Isn't it similar to the dragon portfolio model?
Well, I'd actually be very interesting in seeing them.
Well, not quite.
Wish I could relate, I never lose 😎
He says while he's down ~2% lmao
There are a bunch of variants.
I like to take risks
Here's one of the most famous ones.
Same here.
Well, just with my "for-fun" portfolio.
So they're not that big of risks.
This would explain why you are up so much; if I make a 10% catch in a month then I'm extremely happy
I mean long term I won’t be doing this. Especially if joe gets in, we have maybe a quarter of good market left
I just can't risk anything now.
I plan to move into fixed income soon or liquid cash