PP humming along again
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- Pointedstick
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PP humming along again
I notice a distinct absence of threads bemoaning the PP's poor performance now that things are going well. Everyone happy again?
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Re: PP humming along again
Yes and no.
Yes because my current PP investments are doing well. No because I have more money I'd like to move into the PP, but not thrilled about doing it at near-highs for the assets :/
(clearly I'll never be happy)
Yes because my current PP investments are doing well. No because I have more money I'd like to move into the PP, but not thrilled about doing it at near-highs for the assets :/
(clearly I'll never be happy)
Re: PP humming along again
humming along
https://www.youtube.com/watch?v=IGEgY1c9d9M
https://www.youtube.com/watch?v=IGEgY1c9d9M
Last edited by l82start on Sat Apr 09, 2016 9:51 am, edited 1 time in total.
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Re: PP humming along again
Many Shuvs and Zuuls knew what it was to be roasted in the depths of the Slor that day, I can tell you!
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Re: PP humming along again
Could you throw in a toaster?Pointedstick wrote: Everyone happy again?
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Re: PP humming along again
No, because I only look in January. I'll get back to you then.Pointedstick wrote: I notice a distinct absence of threads bemoaning the PP's poor performance now that things are going well. Everyone happy again?
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Re: PP humming along again
Now that's willpower!curlew wrote:No, because I only look in January. I'll get back to you then.Pointedstick wrote: I notice a distinct absence of threads bemoaning the PP's poor performance now that things are going well. Everyone happy again?
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
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Re: PP humming along again
I had the same reservations to adding additional capital with the portfolio doing so promising YTD.drumminj wrote: Yes and no.
Yes because my current PP investments are doing well. No because I have more money I'd like to move into the PP, but not thrilled about doing it at near-highs for the assets :/
(clearly I'll never be happy)
Decided to follow Sophie's lead and invested equally across all assets.
If you ascribe to the PP philosophy, this is the correct way to proceed.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: PP humming along again
Good for you, Budd. If only I took my own advice! I put in limit orders a few days ago for equal amounts of stocks, bonds and gold in a Roth account. Guess which asset purchase went through, and which are still sitting there because the assets took off skyward and left my limit order in the dust.
Argh!!!
Next time I'll just put in market orders and call it a day.
Argh!!!
Next time I'll just put in market orders and call it a day.
"Democracy is two wolves and a lamb voting on what to have for lunch." -- Benjamin Franklin
Re: PP humming along again
Isn August decided that I was going to put 100% of my money in the PP over the next year, so I split it into 4 purchases. Bought in mid august and again in January. I still have two more purchases to go. In hindsight I'd had been better buying all at once as is suggested by HB.
But I'm very happy! 6% gain on 50% of my net worth is way more than the amounts I was getting trying to play the market. More time to focus on business and life too.
But I'm very happy! 6% gain on 50% of my net worth is way more than the amounts I was getting trying to play the market. More time to focus on business and life too.
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Re: PP humming along again
I don't think HB was suggesting you invest your entire nest egg at once (lump sum or dollar cost average).Matthew19 wrote: Isn August decided that I was going to put 100% of my money in the PP over the next year, so I split it into 4 purchases. Bought in mid august and again in January. I still have two more purchases to go. In hindsight I'd had been better buying all at once as is suggested by HB.
But I'm very happy! 6% gain on 50% of my net worth is way more than the amounts I was getting trying to play the market. More time to focus on business and life too.
What's more important is you purchase all 4 assets at once and not leg into the portfolio.
Its a classic example of "the whole is greater than the sum of its parts."
That's what was going through my mind at the time. Sophie provided the inspiration, now just has to act upon it next time!
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
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Re: PP humming along again
I never put in market orders because I'm concerned about a flash crash (or the opposite), or just a really slow market where someone has a "stink bid" in far from the current price.sophie wrote: Good for you, Budd. If only I took my own advice! I put in limit orders a few days ago for equal amounts of stocks, bonds and gold in a Roth account. Guess which asset purchase went through, and which are still sitting there because the assets took off skyward and left my limit order in the dust.
Argh!!!
Next time I'll just put in market orders and call it a day.
Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
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Re: PP humming along again
I understand why you added, "If things are normal." I remember ~1999 something weird happened with a limit order. I called the brokerage house and was told that my limit price was only the trigger, but that the trade would still execute "at market." Normally, that doesn't matter, but things can get screwy.Libertarian666 wrote: Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
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Re: PP humming along again
That's exactly what I did. It's not the first time it's backfired. I have never put in a market order because the price fluctuations can be a bit unpredictable, but this was probably no worse than the occasional flash crash would be.Libertarian666 wrote: I never put in market orders because I'm concerned about a flash crash (or the opposite), or just a really slow market where someone has a "stink bid" in far from the current price.
Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
"Democracy is two wolves and a lamb voting on what to have for lunch." -- Benjamin Franklin
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Re: PP humming along again
I believe that you were told a lie. There is an order type like that, but it is called "market if touched", not "limit". A limit order should not be executed unless you get the limit price or better.dualstow wrote:I understand why you added, "If things are normal." I remember ~1999 something weird happened with a limit order. I called the brokerage house and was told that my limit price was only the trigger, but that the trade would still execute "at market." Normally, that doesn't matter, but things can get screwy.Libertarian666 wrote: Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
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Re: PP humming along again
If you put a limit bid in slightly above the last price, it should have been executed. Was there a big gap?sophie wrote:That's exactly what I did. It's not the first time it's backfired. I have never put in a market order because the price fluctuations can be a bit unpredictable, but this was probably no worse than the occasional flash crash would be.Libertarian666 wrote: I never put in market orders because I'm concerned about a flash crash (or the opposite), or just a really slow market where someone has a "stink bid" in far from the current price.
Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
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Re: PP humming along again
That had always been my understanding, too.Libertarian666 wrote: I believe that you were told a lie. There is an order type like that, but it is called "market if touched", not "limit". A limit order should not be executed unless you get the limit price or better.
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Re: PP humming along again
Fidelity doesn't let you put in limit bids to buy above the price at market close when it's after hours. Not sure why. So I always put it in for just under the current price.Libertarian666 wrote:If you put a limit bid in slightly above the last price, it should have been executed. Was there a big gap?sophie wrote:That's exactly what I did. It's not the first time it's backfired. I have never put in a market order because the price fluctuations can be a bit unpredictable, but this was probably no worse than the occasional flash crash would be.Libertarian666 wrote: I never put in market orders because I'm concerned about a flash crash (or the opposite), or just a really slow market where someone has a "stink bid" in far from the current price.
Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
"Democracy is two wolves and a lamb voting on what to have for lunch." -- Benjamin Franklin
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Re: PP humming along again
Why would you put orders in after hours? You are asking to get a bad price.sophie wrote:Fidelity doesn't let you put in limit bids to buy above the price at market close when it's after hours. Not sure why. So I always put it in for just under the current price.Libertarian666 wrote:If you put a limit bid in slightly above the last price, it should have been executed. Was there a big gap?sophie wrote: That's exactly what I did. It's not the first time it's backfired. I have never put in a market order because the price fluctuations can be a bit unpredictable, but this was probably no worse than the occasional flash crash would be.
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Re: PP humming along again
Probably a lot of people have this issue if they're at work and unable to trade.
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Re: PP humming along again
I know little about the way the exchanges work, but I remember hearing something about limit orders being "visible" to counterparties making it somehow more likely that you get the exact limit price you set and not better... maybe something about your own own brokerage being allowed to execute on that limit price. That said, it's a vague recollection and I still do the exact thing you all mention by setting a limit price slightly above/below the current market price. If I'm not in a hurry I just use the current bid/ask.Libertarian666 wrote:I never put in market orders because I'm concerned about a flash crash (or the opposite), or just a really slow market where someone has a "stink bid" in far from the current price.sophie wrote: Good for you, Budd. If only I took my own advice! I put in limit orders a few days ago for equal amounts of stocks, bonds and gold in a Roth account. Guess which asset purchase went through, and which are still sitting there because the assets took off skyward and left my limit order in the dust.
Argh!!!
Next time I'll just put in market orders and call it a day.
Instead, I put in a limit order slightly above the market price when buying and one slightly below the market price when selling. If things are normal, I get that price or better; otherwise I try again shortly afterwards.
I'm actually running a free service these days to help people who have this problem. Just PM your brokerage login details to me, and the trades you want me to execute. I'll handle it all for you! No need to pay me, I'm just a really nice guy.dualstow wrote: Probably a lot of people have this issue if they're at work and unable to trade.
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Re: PP humming along again
dragoncar,
Will you need my social? I don't usually give it out, but you seem harmless.
Will you need my social? I don't usually give it out, but you seem harmless.
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Re: PP humming along again
Harry suggested doing the PP with the money that you can't afford to lose. The rest can be variable portfolio, which for me is about 3%. The money that I could afford to lose was already lostbuddtholomew wrote:Matthew19 wrote: I don't think HB was suggesting you invest your entire nest egg at once (lump sum or dollar cost average).
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Re: PP humming along again
I think most people could use their smartphones to place a trade during lunch hours.dualstow wrote: Probably a lot of people have this issue if they're at work and unable to trade.
Re: PP humming along again
With a PP I'm not sure dollar cost averaging or spacing out purchases makes a whole lot of sense...it is a pretty good bet one of the three assets will be oinking and another flying...remember the assets are meaningless, it is the portfolio construction that matters.
Last edited by Kbg on Wed Apr 20, 2016 10:04 am, edited 1 time in total.