Stock scream room

[Kbg]

With the exception of truly immediate cash needs (you know actual dollar bills hidden under your mattress for quick access), cash is an evil wasting asset and your goal should be to have none of it or the absolute minimum possible. Note, this is not the same as saying you shouldn't have very safe assets that provide a competitive interest bearing return. And, one should be diligent about getting the most you can out of your cash. I'm a Treasury Direct kinda guy, but CDs, ST bond ETFs, whatever, just ensure your cash is working. You leave a lot on the table if you don't and normally you are in fact losing somewhere between 2-3% annually for anything sitting around doing nothing. 10 years down the road, you got 75%ish of what you had in real terms.

[dualstow]

With the exception of truly immediate cash needs (you know actual dollar bills hidden under your mattress for quick access), cash is an evil wasting asset and your goal should be to have none of it or the absolute minimum possible.
...
You leave a lot on the table if you don't and normally you are in fact losing somewhere between 2-3% annually for anything sitting around doing nothing. 10 years down the road, you got 75%ish of what you had in real terms.

But I've held gold for ~ten years! I know- it doesn't work that way, which is why I continue to hold all four assets, but...I feel more positive about cash after reading the Portfolio Charts piece on it. It didn't change how much I hold. I just feel better now about what I do hold.

[Kbg]

Gold is useless for the most part (not counting jewelry) but it’s pretty hard to argue against its usefulness in a diversified portfolio.

[Ugly_Bird]

Stocks good, gold bad

Missing daily reports...

[ochotona]

Just in one month, my stock allocation went from 25% to 25.7%. Market went up, plus adds to my 401(k). I was happy to shave off that 0.7% today. I pretty much distrust this rally, so I'm keeping everything on a tight leash.

[ochotona]

Larry Swedroe is coming in person to talk to Houston TX AAII on June 1st !!! OMG...

[Tyler]

Larry Swedroe is coming in person to talk to Houston TX AAII on June 1st !!! OMG...

Nice!

It looks like it's by webinar (not in person), but it does seem like a nice way to ask direct questions. Could be a very interesting talk.

[dualstow]

How are Texans going to understand that accent?

[ochotona]

How are Texans going to understand that accent?

Webinar? D'UH!

[dualstow]

How are Texans going to understand that accent?

Webinar? D'UH!

{Homer} http://images.fanpop.com/images/image_u ... 24_768.jpg

Can't a webinar include voice? Or is it like Reddit AMA in which (I assume) the host speaks his answers and they are transcribed?

[Tyler]

Can't a webinar include voice? Or is it like Reddit AMA in which (I assume) the host speaks his answers and they are transcribed?

The meeting is still live at a hotel, and I imagine they will be live-streaming his presentation including voice and video ala Webex. It's not the same as shaking hands in person, but it's still a nice way to hear a good talk and meet other like-minded investors.

[dualstow]

Thank you, Tyler. That's what I was thinking. I've only seen Vanguard webinars, and those were as you described.
I've never heard of Webex, but now I know it's not for cleaning spiders out of the corner of my den.

Can't a webinar include voice? Or is it like Reddit AMA in which (I assume) the host speaks his answers and they are transcribed?

The meeting is still live at a hotel, and I imagine they will be live-streaming his presentation including voice and video ala Webex. It's not the same as shaking hands in person, but it's still a nice way to hear a good talk and meet other like-minded investors.

[ochotona]

More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises

[pmward]

More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises

I think we all can agree the market is overdue for at the very least a small pull-back. But, I wouldn't be surprised if it was taken as "Meh" again tomorrow just like it was today. Today was the same behavior we were frequently getting last year on negative trade news, a dip in futures and at the open that reverses back up throughout the day. Last year day traders figured this out and it became a very popular and well known trade to buy the market on the mornings that it gapped down on a Trump tweet/negative trade rumors, because you could consistently sell it at the end of the day for a nice profit. It looks like a lot of those day traders used the same strategy again today, so they will likely do it again tomorrow.

Honestly, I think the only thing the market cares about these days is the Fed. Stocks are pretty much fully correlated to Fed expectations right now. Anything other than Fed rumors or actions (earnings, trade talks, etc) are all just taken as unimportant noise.

[Dieter]

More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises

I think we all can agree the market is overdue for at the very least a small pull-back. But, I wouldn't be surprised if it was taken as "Meh" again tomorrow just like it was today.
<snip>

Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.

Who knows what tomorrow will bring, but tis interesting times.

[pmward]

More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises

I think we all can agree the market is overdue for at the very least a small pull-back. But, I wouldn't be surprised if it was taken as "Meh" again tomorrow just like it was today.
<snip>

Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.

Who knows what tomorrow will bring, but tis interesting times.

Yep, today definitely didn't follow suite. But the S&P still closed just above support at 2880. So no real technical damage has been done yet. But if we lose that 2880 that would definitely signal that we are at the very least in a pull-back. Of course, after the run since late December, I think a pull-back is healthy and constructive long term. I think putting in a higher low through a successful retest of 2880, or even the next support line at 2800 would be good confirmation that the new up trend is legit. If we get a weekly close below 2800 I might start to get a little worried. But we will see.

[ochotona]

Another fine mess the trade kerfuffle has gotten us into...

[Cortopassi]

The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.

[ochotona]

The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.

My Hideout Portfolio is down 0.28% today.

[Ugly_Bird]

The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.

My Hideout Portfolio is down 0.28% today.

-0.21% for my 4x25 HBPP today

[ochotona]

The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.

My Hideout Portfolio is down 0.28% today.

what is a hideout portfolio?

25 equity, 10 gold, 12 cash, 53 intermediate Treasuries. I'm a long bond and gold chicken.

[Kriegsspiel]

Sounds like the newest 007 adventure.

[dualstow]

I'm a long bond and gold chicken.

For a split second I read that as you being long chicken, makes me very hungry this morning.

It seems like you buy gold all the time, though, Ocho. I was cleaning up an old phone -- just bought a new one after five years. Pixel 3a, whoo -- and I saw some offline notes like "Adopt Ocho's idea of a coin a month?"

After I wrote that note, it seemed like you were buying a lot of gold here and there.

[ochotona]

I'm a long bond and gold chicken.

For a split second I read that as you being long chicken, makes me very hungry this morning.

It seems like you buy gold all the time, though, Ocho. I was cleaning up an old phone -- just bought a new one after five years. Pixel 3a, whoo -- and I saw some offline notes like "Adopt Ocho's idea of a coin a month?"

After I wrote that note, it seemed like you were buying a lot of gold here and there.

I was buying, then I hit my target and stopped. No more for now.

[dualstow]

Well, that's not chicken.