Taking 320K to 3.5million by Year End 2009

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Quote from Index piker:

Advice: Half a million dollars invested in a diversified asset allocation of inexpensive index funds is nothing to sneeze at , don't blow it.
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A 72% YTD return is nothing to sneeze at either.
 
Don't worry about Index piker guys.

He's innumerate (mathematically ignorant) and is going around showing how great "passive indexing" is ... too bad he isn't doing that. What he IS doing is (a) actively trading (on a long-term basis) ETFs, while they are in an uptrend, and then going to cash when they are in a downtrend ... that is not "passive investing". (b) He is also including his 401k and IRA contributions as part of his "total return". I (and several other traders) pointed these things out to him, but he is (obviously) very stubborn as well as ignorant, so I don't want to waste anymore time on him after pointing out what a half-wit he really is

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P.S. It is the greatest irony that he talks about the law of large numbers ... as if he even had a clue! :D
 
Quote from NoDoji:

A 72% YTD return is nothing to sneeze at either.
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True, and I suggest he safeguard some of those gains before he finds them evaporated and a wistful memory.
 
Quote from Index piker:

True, and I suggest he safeguard some of those gains before he finds them evaporated and a wistful memory.
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Kinda like what happend to all of the passive index investors when they held on for the downturn in '00 to '03 and again from '08 to '09 ... right?


Right? :D :D :D
 

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Quote from Index piker:

True, and I suggest he safeguard some of those gains before he finds them evaporated and a wistful memory.
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Same shit you would have said when he was up 20%.
 
Quote from MandelbrotSet:

Kinda like what happend to all of the passive index investors when they held on for the downturn in '00 to '03 and again from '08 to '09 ... right?


Right? :D :D :D
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It may come as surprise to you but bear markets don't scare me, and anyone using periodic investing gets shares cheaper which works in favor of the long term investor.
 
Quote from Index piker:

It may come as surprise to you but bear markets don't scare me ...
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no, nothing you say on these boards surprises me.
Quote from Index piker:


... and anyone using periodic investing gets shares cheaper which works in favor of the long term investor.
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nice theory there johnny ... too bad lots of funds and investors went broke trying to apply it.
 
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