TFK Capitalist Pigs Thread


#2285

I absolutely believe in dollar cost averaging, along with low cost index investing it’s the best advice for any young person starting out and does well though bull markets where you have periodic corrections.

You can significantly outperform the market though by avoiding bear markets. You won’t get out at the top or in at the bottom but you can avoid the worst of the drawdown. You just need to be disciplined and stick to a strategy. There’s a hell of a difference between a 10% drawdown and a 50% drawdown, you need to gain 100% to get back to even from 50% down.


#2286

Yep cant argue with that. Difficult to do for many in a company pension scenario though. Not sure how possible it would be to park your existing pot in cash and continue to invest in equity with new contributions.

I have three schemes from different employers so have that flexibility thankfully. I bailed into cash on the largest of them about 6 months ago out of extreme caution. Probably right call just months too early


#2287

Dan Carter with his 6 bathrooms and 3 pensions. La-di-dah


#2288

Dont tell me you transferred all your schemes into a new employers scheme when you joined :worried:

Saw you coming kid


#2289

Cashing out a few months too early doesn’t make much difference in the overall scheme of things. I remember 2007/2008 when the shares were falling off a cliff you’d be looking at the indices every day and thinking shit what happens next? Eventually I gave up looking at them and left it off. It recovered within a few years anyway. I wasn’t even aware that there was a dip this week until I logged in here. The Dow has still only retreated to February levels. Invest in companies that generate cash for the long term.


#2290

The dead cat bounce appears to be an actual dead cat.


#2291

Didn’t realise Julian Gough was a stock analyst but he makes fair shit out of Uber here :rofl:

Need to read whole twitter thread.


#2292

You could say he’s Uber Bearish


#2293

It’s mad. I used to think they had this grand vision where the drivers would be replaced by autonomous cars in the near future and they’d own the market but I read the other day that investors want them to spin off whatever IP they’ve generated on autonomous cars. If they do that what’s left? Fuck all. And they think it’s worth two Tesla Inc.!


#2294

The Italian banking crisis hasn’t gone away you know


#2295

Equity markets having a hard time finding any kind of bottom. Global equities now below where they were a year ago and US equities heading there quickly. Wouldn’t be surprised at a flash crash one of these mornings.


#2297

Weird to use cents as your unit of measurement.


#2298

You haven’t a clue pal. Stick to weekend warrior shit and go fuck yourself. Twat.


#2299

We are now officially in correction territory, all US indexes >10% down from their high. Global equities down 15% from the Jan high. This is the beginning of the end.


#2300

A badly needed correction. ''Twas gone mental sure


#2301

The only question now is whether this is a correction like February or a bear market. My money is firmly in the bear camp. When good news like a GDP print of +3.5% is bad news, the party is over.


#2302

Interest rate hikes are badly needed though or they’ll have no wiggle room to act during the inevitable next economic crisis. The Eurozone is absolutely bollixed if it goes south in the next few years as I can’t seem them raising rates in the near term.


#2303

So you’re saying they should hike interest rates to fuck the economy, so they can lower them again to try and unfuck it?


#2304

US economy is going to over heat if they don’t hike rates soon. If it hasn’t already. And if they overheat it and it blows up at these interest rates they are absolutely goosed


#2305

How does this affect Limousin Heifer futures?