Hi All,
Just curious how folks are managing their investments. Is everyone doing it themselves?There are a lot of robo-advisors like Vanguard Digital Advisor and robo-advisor hybrids like Personal Capital and Vanguard Personal Advisor Services.
Warren Buffet has said it makes the most sense for most people to just invest in the S&P 500 but I know folks on here are not most people :)
I have been managing everything myself so far but have been considering using something more hands-off but high-growth potential so I can focus more energy on hobbies.
Thank you in advance!
Who manages my money? TQQQ has been managing my money for the last 7 years. Almost exclusively at this point given the fact that every other position now pales in comparison.
Fuck everything but tech in your long term long vol PA. The best of the best companies at unfortunately the highest of the high valuations. Who cares - it’s still what will be the clear winner 20-30 years from now.
We’re not pension funds, we don’t have constant liabilities or need nice sharpe ratios and low volatility/smooth monthly/annual returns. We need pure % and $ returns. Fuck alpha and fuck beta.
Can you please explain why TQQQ is safe long term? Because I asked this question a month back and was roasted for even considering a levered ETF for long term holding? They started talking about decay and all this stuff. Also I suppose a 33% fall in the index would wipe you out but can this be mitigated with stop loss or something? Thank you
congratulations on your success! I'm curious about the psychological aspects of this. unless you desire to own a fleet of rolls royces and boats, you've hit fuck you money, you no longer have to work, so I've got some questions for you. no judgment, I think there's plenty of money to go around for everyone and I hope everyone has the same success you've had
Yes money will cease to be free in a years time…and QE will most likely end in November, equities have not priced this in AT ALL. For those that made money in this insane bull market, that’s great. For new investors, this is not sustainable in a stagflationary environment. Terrible time to buy TQQQ, great time to buy MZZ
Your problem is you're trying to use your finance education and theory to impart some logic on things. That logic would tell you to short things and buy bonds and shit. That is all fucking wrong and you know it. Over any 30 year period, equities, going balls to the wall long, has been much much more lucrative than any other asset class. You go ahead and short the market, see how well that takes you.
I used to do long/short in my PA. I used to look at value stocks and short RX plays and do options and all that shit. And you know where it got me? couple points above the market some years, couple points lower other years. Am I a bad long/short investor? Maybe Maybe not? - most l/s portfolios return low single digits Is long/short the way to maximize returns? Fuck to the no.
Ultimately - people should not be trading in and out in their PAs running long/short hedge fund portfolios. You don't have risk limits, duration limits, max drawdown constraints, volatility targets, fucking pensioners to pay for. You are NOT a hedge fund. Your job is to make $ in any way by possible by X age without regards to how and when that happens. No one cares about the sharpe or the path dependency.
I manage cash, taxable accounts and retirement accounts for myself (~$1mm), my father (~$5mm) and my father-in-law (~$10mm+). They handle their own real estate investments.
I started off trying to act smart by buying individual stocks, options, allocating some cash to international and certain sectors. In a couple of years I finally learned the lesson that Warren was trying to teach us. The vast majority of all that money is in vanguard 500, vanguard total stock market and vanguard extended market.
With the ten year bull run we have been on my dad and fil think I am some sort of investing genius and I have out performed 85% of my active investor friends.
The truth is that unless you work for a hedge fund or something you have no chance. You’re not going to discover the next google and you’re not going to win the lottery. The retail investor is at a large disadvantage compared to the funds that get all that inside info.
Another benefit of passive investing besides owning 75% of active funds is that it requires none of your free time to manage. Active investing is like sex, poker or fashion sense, everyone thinks they are awesome when in reality most people suck at it.