Search results

Even for someone investing very long term (20-30 years) in an S&P500 index tracker? Using stops and other market timing strategies could prove counterproductive for the average investor. After all, beating the market isn't easy, even for the professionals.

More for trading than long term investing? The trouble with long term investing (if you invest unwisely like I did) is it can turn from buy & hold to buy & hope. :(

No but it's something to cling to when investments go bad. :D

Hopefully up, not down. In 2013, I (stupidly) bet my pension on gold and mostly silver investments. :banghead: (I made the fatal mistake of listening to gold bugs predicting a resumption of the PM bull market because of ZIRP/QE.) Having already endured one multi-year bear market, I'm not sure...

Oh well, maybe the lousy gold & silver investments I bought 9 years ago might finally show some kind of return. :)

The Bank of England has already raised rates twice. I can't help thinking that rate rises coupled with soaring inflation, energy costs and tax rises is going to knacker the UK economy. The future looks anything but rosey.

Hasn't that already happened (bitcoin going from a few bucks to nearly $70k)?

I found this an interesting read, especially the part about how Nakamoto never intended Bitcoin to be an appreciating asset, but I doubt it will appeal to diehard crypto fans. https://investorjunkie.com/investing/crypto-crash

It's a bit of a catch 22. Gold won't enter a roaring bull market until joe public gets on board, but joe public won't get on board until it's already in a roaring bull market. It will take something massive to lure joe public away from crypto, tesla, tech/meme stocks.

Seems gold's a bit like me. A boring old has-been. :D https://www.fxempire.com/forecasts/article/golds-technicals-look-terrible-881930 "But given the paradigm of today wherein Gold ownership has been relegated to the Old Timers’ League, price performance — rather than a firework — is but a...

He has a lot to learn if he thinks a company posting good results should immediately equate to a rise in its stock price. Over the long term (years), a company's performance will be reflected in its stock price. But in the short term, price can do anything for any number of reasons, and not...

Looking at that chart, I reckon it's due to break quite soon. Hopefully up, not down.

If so, then maybe they ought to be more concerned about bitcoin. :D One thing with gold that's playing at the back of my mind is this: 1970s - secular bull 1980s - secular bear 1990s - secular bear 2000s - secular bull 2010s - secular bear 2020s - secular bear? Within the 1980-2000 secular...

I suspect this will be crunch year. Either the bull market resumes within the next few months, or we could be slipping into another bear market.

All true. Out of interest, is there a price, if it keeps falling, where you'd take a punt on it? $20k, $10k? Or would you never touch it, no matter how cheap it gets?

With the stock market you can have a high degree of confidence that it will keep going up, over the long term, because there are hundreds of years of data to support this. Gold is less reliable but has an even longer track record as a preserver of wealth. With bitcoin, you've only got a dozen...

Yep, it's just hit 50% drawdown from the 10-Nov high. https://bitcoincharts.com/charts/bitstampUSD#igHourlyzczsg2021-11-09ztgCzm1g200zm2g25zp That's two 50% drawdowns in under 12 months.

A quick look at the chart shows that bitcoin isn't the NGU it used to be. If you'd bought at the peak in Dec 2013, which would have seemed like very bad timing, and held for 4 years, you would achieved a 20x return. If you'd bought at the peak in Dec 2017 and held for 4 years, you would have...

Could be heading for the second 50% drawdown in less than a year. https://bitcoincharts.com/charts/bitstampUSD#rg360zczsg2021-04-12ztgCzm1g200zm2g25zlzp You definitely need balls of steel if you have a big chunk of your net worth invested in this.

And it's a valid strategy "buy high and sell higher" but you don't ever want to risk too much on a single investment. Otherwise it can be hard to cut your losses if, instead of continuing to go up, the thing starts going down. I learned that lesson the hard way. :banghead: