Take the Index Piker Challenge

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Sorry I'm just learning this code stuff and having 2 accounts makes it more cumbersome.

Normally I would not bother posting one day's gains but today's unusual gain of a combined $49,284 apx (6%) should prove that no employer is contributing to my account.

I mean what employer contributes on a daily basis, multiple thousands of dollars?

FYI: I lost apx $80,000 in one day, a couple weeks ago when new home sales tanked. ouch
 
nice trading. And you ARE trading... Without really understanding your risk.

Be careful. Markets punish hubris.

Quote from Index piker:

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Sorry I'm just learning this code stuff and having 2 accounts makes it more cumbersome.

Normally I would not bother posting one day's gains but today's unusual gain of a combined $49,284 apx (6%) should prove that no employer is contributing to my account.

I mean what employer contributes on a daily basis, multiple thousands of dollars?

FYI: I lost apx $80,000 in one day, a couple weeks ago when new home sales tanked. ouch
More...
 
Quote from MandelbrotSet:

Hey Look,

I don't know why a moderator summarily deleted my post, and it's not my fault if none of you can do basic addition, subtraction multiplication and division, but it's obvious to anyone reading this thread that Index piker is:

a) adding in funds that he has collected over at least a decade - if not more,
b) adding in pre-tax dollars from his job/business (just as I stated), and
c) using the addition-of-funds to calculate his TOTAL RATE OF RETURN ... as I also stated in my previous post. :)

Keep the fantasy going IP, maybe you will keep believing it when the S&P500 takes a nose dive off the cliff. :p

P.S. And since you obviously don't want the truth exposed here, Index piker, I won't be wasting anymore of my time with your thread based on innumeracy and lack of basic accounting skills.

Ciao! :D
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a) Not quite a decade.

b) I'm sorry if you or anyone else see's where I've made a mathematical error , I'll be happy to correct it. However looking for deception on my part here is a fool's errand.

c) I'm sorry you have me confused with "the beardstown ladies"



PS. Don't worry , I'm sure a drawdown is just around the corner for your amusement.

Until then continue your ranting and raving, as I find it most hilarious.
 
What a joke!!! Four years of poor performance, you cash out your retirement annuity and invest it during one of the greatest bull market runs ever, and now you think you're a market wizard. And the best part is, we're all fortunate enough to have you "show" us "that index investing over the long term is superior." LMAO!!!! :p
Quote from Index piker:

I didn't do too well the 4 yrs previous to 2008 but then again my money was accumulating while I was learning about investing /trading and the market.

By 2008 I had come to the conclusion that I had learned enough and was ready to implement my plan at an advantageous time. I cashed out of my retirement annuity and put the proceeds to work.


2) Well I'm here,willing to show those with an open mind that index investing over the long term is superior .
Sure it's possible some traders will outperform. The question is WHO KNOWS who that will be beforehand?
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Guys,

It's fine if you don't like Index Piker's method, want to discuss it, or want to take up his challenge. But do it in a civil tone, and no personal attacks or your posts will be removed and you will be blocked from posting to this thread again. Thanks.

Magna
 
Quote from Trader666:

What a joke!!! Four years of poor performance, you cash out your retirement annuity and invest it during one of the greatest bull market runs ever, and now you think you're a market wizard. And the best part is, we're all fortunate enough to have you "show" us "that index investing over the long term is superior." LMAO!!!! :p
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I'm sorry, I fail to see the joke or the relevance of my returns the previous 4 or 5 years prior to the start of the journal.

I don't see it as any more relevant than the 5 yr period prior to neke's journal.

I will however elaborate, in that I did not say I had poor performance , it performed exactly as it was intended to do.
Relatively speaking it didn't do too well compared to now with myself taking more direct control of it's underlying assets.

Previously the IRA was a 412i pension plan which held a tax deferred Equity Indexed annuity (the only other choice was a low fixed rate annuity).

Essentially the contract called for gains to be 90% of the S&p 500 with a guarantee of no loss and a minimum gain of 1% each year. The major advantage for myself was that it allowed me to contribute and deduct 50-70% of my gross income each year to the plan.
http://www.investopedia.com/terms/1/412i.asp

I considered this at the time to be the optimal plan of choice while I learned about investing and the market.

My money was guaranteed , safe from losses and out of my hands so I couldn't do anything stupid (like blowout trying to trade) with it before I learned the best investment approach.


I never intended to keep the policy until annuitization because I knew that was a bad deal. I simply dissolved the pension plan after 5 years and rolled it into an IRA, knowing exactly what to do with it at that time and no it wasn't luck.

In september of 08 just before the depth of the financial crisis I knew I didn't really own any of the s&p 500 but just a contract with the ins company.

If the ins company or it's parent failed I'm sure I would have gotten my money eventually.
Well eventually didn't sound so smart with all the equity bargains , worldwide.
So that's why I liquidated the accumulated cash value and went EQUITY POACHING
 
Quote from MandelbrotSet:

The answer to what he is doing, is obvious ...

He is taking:

1) the value of the index (+/-) its previous week's performance

and

2) his tax deferred contribution from his business/job (that is what the "profit sharing" number he is referencing, really is).

So essentially, he is adding in money to his account AND counting that amount to his grand total!
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You have repeated this allegation several times in various places without any supporting evidence.

I have clearly shown elsewhere in my journal how outlandish this nonsense is in various ways. Below is a recap with additional facts to be presented.

1) If true my employer would need to be either making irregular deposits weekly or my income exceeds 2.5 million /year.

2) I posted an image of a one day's gain (monday 11/9/09) the very next day as that would require a large one day contribution from my employer. Why would an employer make a match for one week then the very next trading day make another contribution for only one day?

3) In case you are unaware there are absolute maximum contributions for profit sharing plans.
( typically 42-47k much too low to account for my gains even if I were doing as accused.)

4) If I have done as you claim , my brokerage company has co-conspired with me to make the exact same fraudulent calculation on my returns for both accounts simultaneously.

5) Problem is the larger account that could supposedly hide such large contributions from my employer is an IRA.
Employers cannot deposit into an IRA at all.

6) The profit sharing account, the one that supposedly my employer is eligible for dumping large sums into in order to boost my gains is less than 1/7 the size of the IRA.
Even if ALL of my gains in that account were due to my employers dumping funds into this smaller account , my gains would still be rather good overall

.
Anybody with half a brain, will see that you baked this accusation up without a shred of proof, due to your own (I presume) jealousy.

http://www.elitetrader.com/vb/showt...6&pagenumber=13

Somehow my success threatens you.
My advice is: you'd better get used to it.
 
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Combined starting value 11/9/09 was $845,808.

Combined ending value 11/13/09 was $883,827 for a gain of 38,019 or 4.49% gain for the week.

The unusual one day 6% gain on monday(which I only posted to show the stupidity of mandies accusations of employer deposits) were not held onto.


I know that index investing is less exciting than watching paint dry but it's the best reward/risk value out there.

If excitement is what you need then I suggest fast women and pretty horses for that and let making money be boring.
 
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