Message from @RJ
Discord ID: 786677482928865281
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.
Fair enough
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.
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
In preparation for the election?
Yeah I don’t want to Blackpill but I need to be pragmatic when it comes to money. Im putting our chances of getting in relatively low.
Biden = stimulus = short term market rally, but after that. More regulation, higher taxes, etc.
No, it makes sense.
That's what I've been doing for the past couple of weeks.
I may even liquidate in the next day or so
I've been moving closer to the all-weather portfolio model.
Sounds fair.