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.

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

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.

anyone have any patrick casey gaming streams?