Poolman's Account Talk

[poolman]

http://www.youtube.com/watch?v=xTQcYRTmRwM&feature=subscription

 

[poolman]

http://www.youtube.com/watch?v=vlcjxx3vdks&feature=subscription

 

[poolman]

http://www.youtube.com/watch?v=gBEmOZ2q3qA&feature=channel

http://www.youtube.com/watch?v=DedK0Rvdnro&feature=channel

 

[poolman]

http://www.youtube.com/watch?v=xjfHSLnkWXQ&feature=subscription

 

[poolman]

At this point if you have been a Buy and Holder type of person,

you have lost everything for the last 11 1/2 years of year investment.

The DJIA is back to where it was in June/July of 1997.

Buy and Hold and DCA'ing into the market has made you nothing to this Date exept holding more shares.

What a Shame that that investment style was drilled into million's of peoples minds.

IMO, We will drop from these levels. There is No Catalyst..

 

[Warrenlm]

You forget that we are being right and sitting tight so that we don't miss out on the roaring 20% comeback!

 

[Prozium]

You forget that we are being right and sitting tight so that we don't miss out on the roaring 20% comeback!

You missed: Snort!

 

[350zCommTech]

You forget that we are being right and sitting tight so that we don't miss out on the roaring 20% comeback!

You missed: Snort!

Hey..Hey...lets be fair guys.

Buy and Hold is a strategy.

It's a strategy that doesn't involve looking at charts, following news, reading sentiments, doing homework, or making money for that matter.

But, it's a strategy nonetheless.

Actually, some even refer to it as a contrarian strategy, because it's the total opposite of any other kind of investment strategy.

 

[WorkFE]

If you were actively following your account early on during the down turn then you no doubt minimized any losses.
However if you were not following your account and before you new it the value had dropped 50%, changing from a buy and hold stratedgy at this point means you accept those losses, but save yourself from any future losses.
These are tough choices, but if the sky is truly following any losses you think your saving won't be worth dog crap.
Don't hate the player, hate the owners of the game:nuts:

 

[350zCommTech]

If you were actively following your account early on during the down turn then you no doubt minimized any losses.
However if you were not following your account and before you new it the value had dropped 50%, changing from a buy and hold stratedgy at this point means you accept those losses, but save yourself from any future losses.
These are tough choices, but if the sky is truly following any losses you think your saving won't be worth dog crap.
Don't hate the player, hate the owners of the game:nuts:

Being caught off guard because you weren't following it is one thing, but what if you were following it day after day, week after week, month after month, year after year, etc..? But didn't do a damn thing about.

 

[WorkFE]

Maybe they were dillusional and hopefully understand that it will be along time to recover that value. (Possibly they have time on their side)

 

[JTH]

Hey..Hey...lets be fair guys.

Buy and Hold is a strategy.

It's a strategy that doesn't involve looking at charts, following news, reading sentiments, doing homework, or making money for that matter.

But, it's a strategy nonetheless.

Actually, some even refer to it as a contrarian strategy, because it's the total opposite of any other kind of investment strategy.

Hey now I thought we were being fair

Seriously though, me & my dad got into a heated discussion and I got tired of his Buy & Hold lectures, so I flat out told him he was wrong! I'll have to remember to call him and ask him how that strategy is working for him. :suspicious:

 

[mojo]

http://en.wikipedia.org/wiki/Denial

 

[poolman]

http://www.youtube.com/watch?v=NnuexkK6wm8&feature=subscription

 

[Prozium]

Buy and Hold is a strategy.

Buy and hold is a mutual fund created scam that has been packaged and sold to the masses to enhance their expense spread.

When the greed of "not to miss out" overtakes common sense you end up with another road kill victim that Mr Market has just speed bumped.

The bigger fool theory of investing. Sooner or later a bigger fool is going to come along and take those precious pieces of paper off your hands. Problem is based on previous market returns - it is going to take you 28 years just to get back to even from 2007 - not counting inflation.

Good luck with dat.

 

[Prozium]

Hey now I thought we were being fair

Seriously though, me & my dad got into a heated discussion and I got tired of his Buy & Hold lectures, so I flat out told him he was wrong! I'll have to remember to call him and ask him how that strategy is working for him. :suspicious:

Typically the argument ends up with them questioning your patriotism. They throw the "I'm an optimist" like it is the f bomb.

My year to date return is 38% for 2009, in less then 8 weeks that is beating the 13 year return of the S&P 500.

 

[Diesel]

Have to admit I was one of those DCA'ing Buy and Hold kind of people. After reading up on that strategy, and losing 40% of my purchase price since starting in 2005, I locked in the loses and vowed never again.

Luckily, I've got 18-22 years left to make it up and got a great place here to learn.

IMHO, DCA'ing is just a validation utilzing math.

 

[Steadygain]

My year to date return is 38% for 2009, in less then 8 weeks that is beating the 13 year return of the S&P 500.

Amazing - you're not on the Auto Tracker ....

why is that??.... so you can talk a lot of garbage??

Seems to me that someone getting 38% in 2009 would want to make himself known ... :notrust::suspicious:


Sorry Poolman .... some things grate me a little more than others

 

[nasa1974]

Buy and hold is a mutual fund created scam that has been packaged and sold to the masses to enhance their expense spread.

When the greed of "not to miss out" overtakes common sense you end up with another road kill victim that Mr Market has just speed bumped.

The bigger fool theory of investing. Sooner or later a bigger fool is going to come along and take those precious pieces of paper off your hands. Problem is based on previous market returns - it is going to take you 28 years just to get back to even from 2007 - not counting inflation.

Good luck with dat.

"BUY and HOLD" is what Mr. Long our illustrious FRTIB leader preaches all the time. I wonder how he manages his retirement fund

 

[nasa1974]

My year to date return is 38% for 2009, in less then 8 weeks that is beating the 13 year return of the S&P 500.

Sure would like to follow your investment strategy. I am almost -9% YTD