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02-12-2021, 05:19 PM
(This post was last modified: 02-12-2021, 05:19 PM by Wildreamz.)
So as of yesterday's move, the Short ARKK ETF (SARK) delivered >20% returns in the past month, right after Michael Burry unwind his position.
Market timing is hard indeed.
(not vested in SARK or ARKK)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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Stocks are almost uninvestible now with the general market coming down unless you believe that certain individual stock can withstand the pull ( crash) of the general market.
Gold might be a good investment but I think in the short term it might be pull down by the general market. But the long term trend for gold is bullish as fiat currencies become worthless. Buying gold miner companies will amplify the gain in price of gold ( by the way forget about Singapore cxxx...it is a donkey.....look overseas) During this time I will be adding my shorts( indices) while accumulating gold miners....
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(25-04-2022, 10:59 AM)Behappyalways Wrote: Stocks are almost uninvestible now with the general market coming down..
..
Interesting, I find that that's when most stocks get more "investible" not the other way around.
2c, peace.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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11-05-2022, 12:59 PM
(This post was last modified: 11-05-2022, 01:01 PM by weijian.)
@wildreamz, I totally agree with you. The principles of value investing will keep things busy (and interesting) at all times. If an investor thinks like a business owner, and the latter welcomes the hustle and possibilities are always there everyday regardless of "sentiment", then it should be no different for an OPMI like me or you.
Moving back to the "poor general market"...I thought Ben Carlson has a nice table of historical S&P500 bear markets, to remind us (or keep us) in perspective. What do VBs see? The years before Alan Greenspan's put had deep and long bear markets. And since then, we had relatively short bears, with the dotcom crash+911 giving everyone a sucker punch in between.
To quote from Morgan Housel's recent article - "About once a decade, people forget that bubbles form and burst about once a decade".
How Long Do Bear Markets Last?
As of the close on Monday the S&P 500 is now down almost 17% from all-time highs. The technical definition of a bear market is down 20% but we’re close enough for me to call it.
It’s a bloodbath out there. The Nasdaq 100 and Russell 2000 are both already there
https://awealthofcommonsense.com/2022/05...kets-last/
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.
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1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Good to know. I will still be loading up on gold and commodity stocks though...
