Annuities?

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mathjak107
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Re: Annuities?

Post by mathjak107 » Tue Jun 05, 2018 3:08 am

ha ha ha , i guess you would be that candidate who would have done better letting someone else do your investing keeping you from yourself . .
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Xan
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Re: Annuities?

Post by Xan » Tue Jun 05, 2018 12:58 pm

Mathjak, you don't get to laugh at people who weren't as lucky as you.
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mathjak107
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Re: Annuities?

Post by mathjak107 » Tue Jun 05, 2018 2:40 pm

noooooooooooo , cortopossi made a joke about his investing prowess . you guys just love to start shit . i am done here trying to bring another side of investing here . you guys can high five each other and just keep believing your own bull shit and arguing with everyone with a different view . i am done here with your forum .
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Cortopassi
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Re: Annuities?

Post by Cortopassi » Tue Jun 05, 2018 3:35 pm

mathjak107 wrote:
Tue Jun 05, 2018 2:40 pm
noooooooooooo , cortopossi made a joke about his investing prowess . you guys just love to start shit . i am done here trying to bring another side of investing here . you guys can high five each other and just keep believing your own bull shit and arguing with everyone with a different view . i am done here with your forum .
mathjak, you are right, I was joking about the lack of my trading prowess, no big deal.

The one thing I want to make clear is I appreciate that there are different methods to try to make money and have a successful retirement. The PP is one method. Your method is another. Saving cash under a mattress is another. Having 90% in gold bullion is yet another. Covered calls, etc, etc.

Whether you mean to or not, you are the one who comes off as a strict evangelist for your method, and the person who is, on the surface at least, most closed off to other views. For example, you asked for a PP to your return comparison for 2007 to 2017 and when the PP was shown to do better, you immediately found a way to write it off.

The main reason I am in this is for some non-standard diversification (gold/silver) and smoothing of peaks and valleys. Take this year, for example. Yellow is S&P500, blue is my allocation. Yes, I am currently a tiny bit negative, and S&P is 3% better return. But I could sleep at night during the >10% drop in late Jan, when the PP shed only about half that amount.

Image

Yeah, I know for a fact I likely won't make as much over the next 20-30 years with this investing style, but it works for me.
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mathjak107
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Re: Annuities?

Post by mathjak107 » Tue Jun 05, 2018 3:50 pm

i picked 2007 to 2017 because that contained the lost decade when we had one of those rare times where bonds beat stocks . that was about as bad as we have had for stocks in decades . so that was one of the worst times for 60/40 so i wanted to see the comparison .

but i am done here with the mods . you were a pleasure to chat with and a real gentleman .
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Cortopassi
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Re: Annuities?

Post by Cortopassi » Tue Jun 05, 2018 4:15 pm

Just one last thing about that lost decade... it wasn't bonds that carried the day for the PP. It was gold. Even after the rout after 2011, gold beat out VTI.

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Even as far back as 2001 to today, the leader is gold. Strange, isn't it, that you won't find virtually any broker recommending holding even a tiny % in gold.

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stuper1
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Re: Annuities?

Post by stuper1 » Tue Jun 05, 2018 5:39 pm

But we're the ones that believe our own group speak. Rich. He couldn't quite understand that some people have different investing philosophies for valid reasons. He gave it lip service, but didn't really believe it.
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Re: Annuities?

Post by jhogue » Tue Jun 05, 2018 11:57 pm

Cortopassi:

1. Terrific charts! So much for the notion that gold has been "dragging down" the HBPP.

2. I can identify with your feelings about living through the crash of 2008. I "stayed the course" while my stock heavy portfolio fell by 41%. I did not sell during that equity depression, but it did dawn on me that I would want a different portfolio with more diversification and less volatility by the time I retired. The past 5 years have certainly been a much smoother ride thanks to the HBPP.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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