We should change the name of this thread from "I'm Done!" to "Gettin' It Done!"
The gold I bought back in the end of January has finally gone up some (some 4% for the day!!). Though it's still down 3-5% overall. Being gold was the hardest pill to swallow of the HB PP, it's been tough going watching it drop over the last 4 months....
Just wanted to say thanks to 'you guys' for keeping me levelheaded and reminding me that these are all short term fluctuations, which are to be expected in a portfolio that is based on such volatile investments.
We should change the name of this thread from "I'm Done!" to "Gettin' It Done!"
The gold I bought back in the end of January has finally gone up some (some 4% for the day!!). Though it's still down 3-5% overall. Being gold was the hardest pill to swallow of the HB PP, it's been tough going watching it drop over the last 4 months....
Were you okay buying LT treasuries?
That's been harder for most people than gold in recent years.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
We should change the name of this thread from "I'm Done!" to "Gettin' It Done!"
Today should be a good day for book sales.
I am so incredibly thankful that I diversified out of an all-stock portfolio.
Amazon currently has us ranked at 617,000, so we are not yet in Harry Potter territory.
On the topic of the book, we are just getting the final manuscript finalized and Craig and I are both very excited with how it's all coming together. I think it will be a very useful book for lots of investors.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
We should change the name of this thread from "I'm Done!" to "Gettin' It Done!"
The gold I bought back in the end of January has finally gone up some (some 4% for the day!!). Though it's still down 3-5% overall. Being gold was the hardest pill to swallow of the HB PP, it's been tough going watching it drop over the last 4 months....
Were you okay buying LT treasuries?
That's been harder for most people than gold in recent years.
To be honest, I didn't give them nearly as much thought. They are much more like things I'd been invested in already. Gold is just so different and 'useless' compared to all the concoctions that we humans have come up with to try and get other peoples' money
I have found that I tolerate lagging market returns in periods of stock out-performance much better than I tolerated the volatility of a stock heavy portfolio (the downward volatility, that is, had no problems with upward). That said, I can guarantee that we will have many more of these I'm done threads. And not because the authors are weak, or do not understand the concepts. We all need positive feedback, and we want it sooner, rather than later. Everything is simple, until it is your skin in the game.
MikeK wrote:
The gold I bought back in the end of January has finally gone up some (some 4% for the day!!). Though it's still down 3-5% overall. Being gold was the hardest pill to swallow of the HB PP, it's been tough going watching it drop over the last 4 months....
Were you okay buying LT treasuries?
That's been harder for most people than gold in recent years.
To be honest, I didn't give them nearly as much thought. They are much more like things I'd been invested in already. Gold is just so different and 'useless' compared to all the concoctions that we humans have come up with to try and get other peoples' money
And yet I assume you noticed that this "useless" asset has been the one that kept the whole portfolio afloat for the last 10 years, right?
I think that the PP will always be partially about holding your nose and buying the asset(s) in the portfolio that you hate. It's just a small piece of cosmic humble pie that these hated assets are often the ones that keep the portfolio performing strongly after you buy them. Recently this asset has been LT treasuries, but over the last decade it has definitely been gold.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
MediumTex wrote:
Were you okay buying LT treasuries?
That's been harder for most people than gold in recent years.
To be honest, I didn't give them nearly as much thought. They are much more like things I'd been invested in already. Gold is just so different and 'useless' compared to all the concoctions that we humans have come up with to try and get other peoples' money
And yet I assume you noticed that this "useless" asset has been the one that kept the whole portfolio afloat for the last 10 years, right?
I think that the PP will always be partially about holding your nose and buying the asset(s) in the portfolio that you hate. It's just a small piece of cosmic humble pie that these hated assets are often the ones that keep the portfolio performing strongly after you buy them. Recently this asset has been LT treasuries, but over the last decade it has definitely been gold.
Cash seems pretty weaksauce too, at least for me. That's been the hardest one to swallow while setting up my PP.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
6 Iron wrote:
...
That said, I can guarantee that we will have many more of these I'm done threads.
...
Definitely. Michael Cuggino has spoken many times about the outflows during lean years.
There's a temptation to rebalance the long bonds before they hit 35%, which is a natural feeling to have.
For many, there will certainly be a temptation to flee the pp altogether.
Monstres and tokeninges gert he be-kend, / And wondirs in the air send.
MediumTex wrote:
On the topic of the book, we are just getting the final manuscript finalized and Craig and I are both very excited with how it's all coming together. I think it will be a very useful book for lots of investors.
The release of the book might also mark a peak of sorts for the PP for a few years.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
MediumTex wrote:
On the topic of the book, we are just getting the final manuscript finalized and Craig and I are both very excited with how it's all coming together. I think it will be a very useful book for lots of investors.
The release of the book might also mark a peak of sorts for the PP for a few years.
MediumTex wrote:
On the topic of the book, we are just getting the final manuscript finalized and Craig and I are both very excited with how it's all coming together. I think it will be a very useful book for lots of investors.
The release of the book might also mark a peak of sorts for the PP for a few years.
The irony of the markets is not lost on us!
No doubt.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
I think the hardest environment for the average investor to stay in the PP or PRPFX is a bull run in equities. That will test the average investor's commitment in most cases. This current environment is actually easy to stay committed to the portfolio
clacy wrote:
I think the hardest environment for the average investor to stay in the PP or PRPFX is a bull run in equities. That will test the average investor's commitment in most cases. This current environment is actually easy to stay committed to the portfolio
This was certainly my experience, especially during the late 1990's.
That's one of the uses for the variable portfolio: You can invest more in equities during a bull run in stocks, but not in the permanent portfolio itself.
Out of curiosity, is there any portfolio allocation that is up today? Perhaps leather chaps...
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
smurff wrote:
Leather chaps are always up. But they don't replace gold in the PP.
Maybe since I'm still relatively new to this forum it's an inside joke that I was never a part of, but is there an origin to where this love of leather chaps came about from?
smurff wrote:
Leather chaps are always up. But they don't replace gold in the PP.
Maybe since I'm still relatively new to this forum it's an inside joke that I was never a part of, but is there an origin to where this love of leather chaps came about from?
smurff wrote:
Leather chaps are always up. But they don't replace gold in the PP.
Maybe since I'm still relatively new to this forum it's an inside joke that I was never a part of, but is there an origin to where this love of leather chaps came about from?
Haha, thanks for reminding me where it all came from, AdamA... I love you guys for this... If we ever have a PP meetup in about 20 years from now when we're all retired, I'm personally buying leather chaps for everyone.
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
