IDrinkBloodLOL wrote:I have now lost like 2/3 of this year's gain. Why the fuck cannot even one year work out remotely decent?
It will. It never feels like it at these points, but it will.
What would you have done otherwise? More stock? More active trading? Just curious.
I don't track year to date returns, but I'm up about 6% over the last 12 months with >90% of assets in a PP portfolio. Seems pretty good to me.
The reason I'm in a PP portfolio is 2008. I've never been an aggressive investor, but in 2008 the total assets (accumulated over 30 years of "investing") dropped by about 25%.
If you do the arithmetic, you can easily figure out I'm over 50. This involves a significant amount of money (I'll clue you in that 25% was a mid 6 figures amount).
I've been financially fucked, repeatedly (a long story for a different time). There are certainly no guarantees, but the PP has been the closest I've ever seen to a "don't get fucked" portfolio.
If you want to hit triples every year, you'll strike out (repeatedly). If you're OK with hitting singles, ...
I have serious concerns about whether the PP will survive Trump. I'm seriously considering converting my paper gold (ETFs and CEFs) to physical gold. But the structure of the PP more or less guarantees that I'll preserve at least a significant portion of my accumulated wealth no matter what kind of chaos Trump manages to create.
We could be on the verge of a nuclear WWIII. Gold should do OK.
We could be on the verge of a worldwide depression due to trade wars that makes the 1930s look like nirvana. Short term treasuries and gold should do OK.
We could be on the verge of America being great again (whatever the fuck that means). Stocks should do OK.
The whole point of the PP is that you don't get fucked. No matter what.