Page 33 of 33
Re: No where to hide
Posted: Sat Jan 25, 2020 11:35 am
by Kbg
vnatale wrote: ↑Fri Jan 24, 2020 10:01 am
iwealth wrote: ↑Fri Jul 10, 2015 9:23 am
On the bright side, at least in this forum, the people that complain most about the PP don't actually hold their entire portfolios in the 25/25/25/25 allocation. So yes, it'd appear that the rest are happy and/or not paying attention to the daily ebbs and flows.
There's not a single person around here that uses a 25/25/25/25 allocation that has lost money if they've held for longer than 12 months. What else can be said?
STILL a TRUE statement?
Vinny
No, in fact that very year the classic PP lost ~3% and in 2018 lost ~2%
In the last 11 full years 4 of them have had slightly negative returns.
Re: No where to hide
Posted: Sat Jan 25, 2020 11:38 am
by Xan
Kbg wrote: ↑Sat Jan 25, 2020 11:35 am
vnatale wrote: ↑Fri Jan 24, 2020 10:01 am
iwealth wrote: ↑Fri Jul 10, 2015 9:23 am
On the bright side, at least in this forum, the people that complain most about the PP don't actually hold their entire portfolios in the 25/25/25/25 allocation. So yes, it'd appear that the rest are happy and/or not paying attention to the daily ebbs and flows.
There's not a single person around here that uses a 25/25/25/25 allocation that has lost money if they've held for longer than 12 months. What else can be said?
STILL a TRUE statement?
Vinny
No, in fact that very year the classic PP lost ~3% and in 2018 lost ~2%
In the last 11 full years 4 of them have had slightly negative returns.
It still technically /might/ be true, if there don't happen to be posters who owned a PP for exactly the wrong set of 12 months.
Re: No where to hide
Posted: Sat Jan 25, 2020 11:45 am
by Kbg
That’s the best you got!?
Re: No where to hide
Posted: Sun Jul 02, 2023 9:46 pm
by vnatale
Tyler wrote: ↑Fri Jun 26, 2015 9:35 pm
I read a decent book recently called "Risk Less and Prosper" by Zvi Bodie and Rachelle Taqqu. One key takeaway is that the way we often define risk in terms of market volatility is fundamentally disconnected from reality. In their terms, "risk is uncertainty that matters" and is measured in life events, not max drawdown or standard deviation. Also they talk at length about how there's a difference between "risk tolerance" that is a purely psychological measure and "risk capacity" which measures your true financial ability to handle inevitable negative events. You might look for it at the library for a fresh perspective.
I started reading the book tonight. I am about 2/3's of the way through it.
It definitely has in it what Tyler states above plus much more.
For me it is one of those books that I race through on a first reading then I turn right around and reread it much slowly taking notes as I'm reading.
Highly recommended to all here (and those not here!).
Re: No where to hide
Posted: Mon Jul 03, 2023 8:46 pm
by dualstow
vnatale_exhumed_and wrote: ↑Sun Jul 02, 2023 9:46 pm
Tyler_in_2015 wrote: ↑Fri Jun 26, 2015 9:35 pm
I read a decent book recently called "Risk Less and Prosper" by Zvi Bodie and Rachelle Taqqu.
I started reading the book tonight
I added it to the book list sticky.
viewtopic.php?f=15&t=12740&p=244321#p244321
Why not.