Son of If You Can Draw a Straight Line . . .

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Quote from dbphoenix:

Sounds like you need to revisit your goals. There are SIFI ETFs (set it and forget it) like SDY and XLV. And there are a number of dividend ETFs, whether RE or preferred stock or ordinary dividend-paying which will pay you while you wait if they aren't particularly volatile. If you enjoy the trading as opposed to raking in the money, you can always find something interesting to trade and let the rest work for you in something you don't have to babysit.
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From what I have gathered, you are suggesting, larger funds in place where less interference is required, and some funds where one can play around.

What I don't understand is why not trade most capital using the same skill set? Considering the market has been in the bull phase for over half a decade wouldn't it be wiser to wait for a crash - if it comes - and then start employ funds with longer term objectives? Why leave in one direction when one has the ability to take advantage of trends in both directions? Or is there something else you are trying to tell me that I failed to understand? It could be that the funds available to me are not so large as to set aside a chunk. Perhaps, with a larger pot of gold I would be forced to think differently.

Gringo
 
Quote from Gringo:

From what I have gathered, you are suggesting, larger funds in place where less interference is required, and some funds where one can play around.

What I don't understand is why not trade most capital using the same skill set? Considering the market has been in the bull phase for over half a decade wouldn't it be wiser to wait for a crash - if it comes - and then start employ funds with longer term objectives? Why leave in one direction when one has the ability to take advantage of trends in both directions? Or is there something else you are trying to tell me that I failed to understand? It could be that the funds available to me are not so large as to set aside a chunk. Perhaps, with a larger pot of gold I would be forced to think differently.

Gringo
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If you want to use the same skill set, fine. But you were expressing dissatisfaction about how the Q moves and how much attention must be paid. So I suggested that you find something that moves differently and requires less attention. You could always wait for a crash, but there have been only two in the last 26 years, if one can call '87 a crash.
 
Quote from dbphoenix:

If you want to use the same skill set, fine. But you were expressing dissatisfaction about how the Q moves and how much attention must be paid. So I suggested that you find something that moves differently and requires less attention. You could always wait for a crash, but there have been only two in the last 26 years, if one can call '87 a crash.
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Thanks Db. I think I understand your point now.
 
One can call '87 a crash.

Quote from dbphoenix:

If you want to use the same skill set, fine. But you were expressing dissatisfaction about how the Q moves and how much attention must be paid. So I suggested that you find something that moves differently and requires less attention. You could always wait for a crash, but there have been only two in the last 26 years, if one can call '87 a crash.
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Quote from Swan Noir:

One can call '87 a crash.
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Depends on how one defines "crash". It fell for a variety of reasons then began recovering almost immediately (like in '98). And even though the Dow lost only a third of its value during that brief period, the Naz lost 80% of its value in 2000-03. Now THAT'S a crash.

Point is that they don't happen often since the Fed decided to control the level of the stock market. And there's no sign that they intend to stop doing so.
 
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