Gyroscopic Investing

Posted: **Fri Jun 01, 2012 1:59 pm**

MediumTex wrote: HB PP up .95% today.

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.

mike

Posted: **Fri Jun 01, 2012 2:12 pm**

MediumTex wrote: HB PP up .95% today.

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.

Posted: **Fri Jun 01, 2012 2:39 pm**

MikeK wrote:
MediumTex wrote: HB PP up .95% today.

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.

Posted: **Fri Jun 01, 2012 2:43 pm**

dualstow wrote:
MediumTex wrote: HB PP up .95% today.

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.

Posted: **Fri Jun 01, 2012 3:01 pm**

MediumTex wrote: Amazon currently has us ranked at 617,000, so we are not yet in Harry Potter territory.

For those familiar with the mythology, I should add that unloved but powerful long bonds belong in the House of Slytherin.

Posted: **Fri Jun 01, 2012 3:31 pm**

MediumTex wrote:
MikeK wrote:
MediumTex wrote: HB PP up .95% today.

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

Posted: **Fri Jun 01, 2012 4:28 pm**

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.

Posted: **Fri Jun 01, 2012 4:32 pm**

MikeK wrote:
MediumTex wrote:
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.

Posted: **Fri Jun 01, 2012 4:43 pm**

MediumTex wrote:
MikeK wrote:
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.

Posted: **Fri Jun 01, 2012 6:56 pm**

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.

Posted: **Sat Jun 02, 2012 4:58 am**

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.

Posted: **Sat Jun 02, 2012 9:21 am**

MachineGhost wrote:
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!

Posted: **Sat Jun 02, 2012 5:26 pm**

craigr wrote:
MachineGhost wrote:
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.

Posted: **Sat Jun 02, 2012 5:53 pm**

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

Posted: **Sun Jun 03, 2012 8:53 pm**

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.

Posted: **Sun Jun 03, 2012 10:34 pm**

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.

Posted: **Mon Jun 04, 2012 5:57 pm**

Lousy day for the PP. Seems we had one of those rare days when the stock market did less badly than everything else!

Posted: **Thu Jun 21, 2012 10:02 pm**

Anyone?

SPY down 2.25%, GLD down 2.55%...

Posted: **Thu Jun 21, 2012 11:21 pm**

AdamA wrote: Anyone?

SPY down 2.25%, GLD down 2.55%...

Out of curiosity, is there any portfolio allocation that is up today? Perhaps leather chaps...

Posted: **Thu Jun 21, 2012 11:47 pm**

Storm wrote:
AdamA wrote: Anyone?

SPY down 2.25%, GLD down 2.55%...

Out of curiosity, is there any portfolio allocation that is up today? Perhaps leather chaps...

100% long bonds

Posted: **Fri Jun 22, 2012 1:28 am**

Leather chaps are always up. But they don't replace gold in the PP.

Posted: **Sat Jun 30, 2012 7:51 pm**

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?

Posted: **Sat Jun 30, 2012 10:08 pm**

1NV35T0R wrote:
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?

No, we all just love them.

http://gyroscopicinvesting.com/forum/ht ... ic.php?t=2

Posted: **Sun Jul 01, 2012 10:11 pm**

AdamA wrote:
1NV35T0R wrote:
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?
No, we all just love them.

http://gyroscopicinvesting.com/forum/ht ... ic.php?t=2

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.

Posted: **Mon Jul 02, 2012 9:18 am**

AdamA wrote: No, we all just love them.

http://gyroscopicinvesting.com/forum/ht ... ic.php?t=2

That's awesome, AdamA. Thanks for finding that original leather chaps banter. The "chapsbug" term that MT coined still gets me.

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