Springfield Posted December 29, 2017 Share Posted December 29, 2017 1 minute ago, No Excuses said: In before Grandpa Predicto comes in to lecture you. Nah, that’s PeterMP or tyou techboy. I forget who, but one is heavy in low risk mutual funds. Link to comment Share on other sites More sharing options...
Metalhead Posted December 29, 2017 Share Posted December 29, 2017 20 minutes ago, Springfield said: I kinda feel like crypto’s are the millenials “intro to investing” course. I hope people aren't using crypto as investment, or as their only investment. A co-worker and I are having fun with crypto but we treat it as fun money that we are willing to lose. But you still need to research what you are putting money into. I've wasted more money on crap worth less over the years. I mean, how many times have I bought Terminator 2 and The Fifth Element on the newest format? And I haven't gotten the sweet looking 4K black cases yet! Link to comment Share on other sites More sharing options...
ExoDus84 Posted December 29, 2017 Share Posted December 29, 2017 29 minutes ago, No Excuses said: In before Grandpa Predicto comes in to lecture you. You need to get yourself some railroad bonds, whippersnapper! Link to comment Share on other sites More sharing options...
techboy Posted December 30, 2017 Share Posted December 30, 2017 1 hour ago, Springfield said: Nah, that’s PeterMP or tyou techboy. I forget who, but one is heavy in low risk mutual funds. It's usually me that shares that the optimal approach to investing is long term passive investing in broadly diversified low cost instruments, which are almost always index funds, yes. The research is very overwhelmingly one sided and very clear. I haven't commented much here because nobody's actually asked about investing. For the record, though, buying into Bitcoin and the like is not investing. It's rank speculation and a classic "greater fool" play where one buys in and hopes that a greater fool comes along later to pay more. Even the proponents and experts can't explain what underlies the pricing. At least tulips could beautify a room. And yes, it actually scares me that this is many people's first exposure to "investing". I'm not sure whether doing well or bombing out would be worse though, in terms of what is learned long term. Link to comment Share on other sites More sharing options...
Metalhead Posted December 30, 2017 Share Posted December 30, 2017 22 minutes ago, techboy said: It's usually me that shares that the optimal approach to investing is long term passive investing in broadly diversified low cost instruments, which are almost always index funds, yes. The research is very overwhelmingly one sided and very clear. I haven't commented much here because nobody's actually asked about investing. For the record, though, buying into Bitcoin and the like is not investing. It's rank speculation and a classic "greater fool" play where one buys in and hopes that a greater fool comes along later to pay more. Even the proponents and experts can't explain what underlies the pricing. At least tulips could beautify a room. And yes, it actually scares me that this is many people's first exposure to "investing". I'm not sure whether doing well or bombing out would be worse though, in terms of what is learned long term. You may be able answer some questions on a mutual fund I'm looking at - HJPSX (Hennesssy Japan Small Cap Fund Investor Class). I have various common stock on TD Ameritrade and was digging around for funds to invest in and came across this one. Its five-star, below average risk, high reward. Its returns at one-year are high, 44.95%, but drops to 21% at 3 years, and 11% at 5 years. It's heavy into Japanese industrials and technology, with some investment in consumer cyclical and basic materials. I don't have my heart set on it in any way but it is intriguing. How would you approach a fund with these returns? Invest the minimum $2.5k or maybe $10k? For how long? Three years and jump out? Link to comment Share on other sites More sharing options...
Springfield Posted December 30, 2017 Share Posted December 30, 2017 My own opinion, is that past performance does not guarantee future success. Those numbers look great. You’d probably find a lot of stocks that are up 40% over the last year though, so don’t automatically assume that you’re making 40% on your investment from today. Aside from that I know nothing at all about that specific fund. Link to comment Share on other sites More sharing options...
techboy Posted December 30, 2017 Share Posted December 30, 2017 50 minutes ago, Metalhead said: You may be able answer some questions on a mutual fund I'm looking at - HJPSX (Hennesssy Japan Small Cap Fund Investor Class). Okay, but remember, you asked. That is the kind of fund that would make me run away screaming. As I noted earlier, the academic research is overwhelming that the optimal approach is to make a long term investment in a broadly diversified, very low cost, passively managed portfolio. Usually, that means index funds. My personal portfolio, for example, has thousands of stocks from both US and global companies, and it has a blended expense ratio of around .1%, The fund you bring up has an expense ratio of 1.85%, and is narrowly concentrated into a very few stocks in a very small part of the market. Adding a bit more, the research shows that the two biggest drivers of returns are allocation and cost. That 1.85% will KILL you. The research also shows that it is virtually impossible for an active manager to beat the market over long periods, and that it is virtually impossible to predict the ones that will. Those returns are impressive, but they are also meaningless, because you can't eat past returns and the best predictor going forward is cost. Survivor bias guarantees that most if not all of the funds that you look at now will have good returns, because the ones that slip shut down when people don't like their returns, so those returns might as well be random. If you have a stadium full of people flipping coins 10 times, someone is going to get 10 heads in a row. That doesn't mean he is skilled at flipping heads. If you want a funny (but still pretty good) take on the dangers of costs: Start at about 8:00 if you want to skip to the parts about fees and active management. I'll stop there to avoid derailing the thread, but if you want to read more I posted about it on the first page of this thread: Link to comment Share on other sites More sharing options...
Metalhead Posted December 30, 2017 Share Posted December 30, 2017 13 minutes ago, techboy said: Okay, but remember, you asked. Thanks for the response! I have much to consider and I need to educate myself on expense ratio. And thanks for the John Oliver link, looking foward to watching it. And now to get this thread back on the rails Ripple is dancing around 2.27 on Binance. Link to comment Share on other sites More sharing options...
Hersh Posted December 30, 2017 Share Posted December 30, 2017 3 hours ago, Metalhead said: Thanks for the response! I have much to consider and I need to educate myself on expense ratio. And thanks for the John Oliver link, looking foward to watching it. And now to get this thread back on the rails Ripple is dancing around 2.27 on Binance. $2.57. I haven’t been able to buy cause coinbase is slow to transfer now. I get the feeling it’s going to go through the roof. Hope to get in ASAP. Link to comment Share on other sites More sharing options...
Sacks 'n' Stuff Posted December 30, 2017 Share Posted December 30, 2017 I’m a stock market wizard... If you looked at my portfolio, you might think that anyway. I’ve done well but not because of any knowledge or skill. Just dumb luck. Link to comment Share on other sites More sharing options...
tshile Posted December 30, 2017 Share Posted December 30, 2017 Stocks have been on a tear. It's not luck, you should have made money 6 hours ago, Hersh said: $2.57. I haven’t been able to buy cause coinbase is slow to transfer now. I get the feeling it’s going to go through the roof. Hope to get in ASAP. I wanted to buy ripple 3 weeks ago but let my buddies convince me to get in on ltc. Yup. Which is fine, I'm just doing it for fun. Coinbase is all around terrible. Link to comment Share on other sites More sharing options...
dfitzo53 Posted December 30, 2017 Share Posted December 30, 2017 10 hours ago, Springfield said: My own opinion, is that past performance does not guarantee future success. It's pretty convenient when your opinions are well known facts! Link to comment Share on other sites More sharing options...
Springfield Posted December 30, 2017 Share Posted December 30, 2017 1 minute ago, dfitzo53 said: It's pretty convenient when your opinions are well known facts! I am always willing to admit that my opinions are wrong and change them to better align with emerging knowledge. Link to comment Share on other sites More sharing options...
Metalhead Posted December 30, 2017 Share Posted December 30, 2017 1 minute ago, dfitzo53 said: It's pretty convenient when your opinions are well known facts! I nearly spit out my coffee. Link to comment Share on other sites More sharing options...
tshile Posted December 30, 2017 Share Posted December 30, 2017 @techboy I just sent that video to the people who selected John hand**** as our company Link to comment Share on other sites More sharing options...
Hersh Posted December 30, 2017 Share Posted December 30, 2017 44 minutes ago, tshile said: Stocks have been on a tear. It's not luck, you should have made money I wanted to buy ripple 3 weeks ago but let my buddies convince me to get in on ltc. Yup. Which is fine, I'm just doing it for fun. Coinbase is all around terrible. I am doing this for fun. All those years I didn’t play the lottery is all I’m spending. Totally content if I lose it all and I have no interest in spending more. Link to comment Share on other sites More sharing options...
tshile Posted December 30, 2017 Share Posted December 30, 2017 7 minutes ago, Hersh said: I am doing this for fun. All those years I didn’t play the lottery is all I’m spending. Totally content if I lose it all and I have no interest in spending more. Yeah I put the mount in that i'd pull from the atm for a night at the casino. Doesn't make me any less bitter to watch ripple and ltc Link to comment Share on other sites More sharing options...
Hersh Posted December 30, 2017 Share Posted December 30, 2017 31 minutes ago, tshile said: Yeah I put the mount in that i'd pull from the atm for a night at the casino. Doesn't make me any less bitter to watch ripple and ltc Not too late to get into ripple using your ltc. I'm going to just let it ride for a long time so when it gets to $1,000 I'll order my Tesla X Link to comment Share on other sites More sharing options...
No Excuses Posted December 30, 2017 Author Share Posted December 30, 2017 In total I think I have around $2000 spread around a few cryptos. I’m either going to lose it all which is no big deal or it will pay down my student loans. Lol Link to comment Share on other sites More sharing options...
tshile Posted December 30, 2017 Share Posted December 30, 2017 43 minutes ago, Hersh said: Not too late to get into ripple using your ltc. I'm going to just let it ride for a long time so when it gets to $1,000 I'll order my Tesla X My luck ltc would run and rippled would fall and I'd just be out $ Link to comment Share on other sites More sharing options...
Metalhead Posted December 31, 2017 Share Posted December 31, 2017 On 12/30/2017 at 9:16 AM, No Excuses said: In total I think I have around $2000 spread around a few cryptos. I’m either going to lose it all which is no big deal or it will pay down my student loans. Lol Same amount and approach for me too. My student loans and car are paid off so it's just the mortgage hanging around. I only put in money I was willing to gamble and lose. Link to comment Share on other sites More sharing options...
Dr. Do Itch Big Posted January 1, 2018 Share Posted January 1, 2018 Where did yall buy ripple? Link to comment Share on other sites More sharing options...
Hersh Posted January 1, 2018 Share Posted January 1, 2018 28 minutes ago, Dr. Do Itch Big said: Where did yall buy ripple? Binance Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted January 1, 2018 Share Posted January 1, 2018 3 hours ago, Dr. Do Itch Big said: Where did yall buy ripple? Bittrex...but they may still be closed to new registration so definitely look at Binance Link to comment Share on other sites More sharing options...
Bliz Posted January 5, 2018 Share Posted January 5, 2018 On 12/29/2017 at 5:18 PM, Metalhead said: I got into Ripple when it was at $0.73, and dumped in a little more fun money since. I'm on Binance, and also have cheddar in XVG, CND, and TRX. When it spiked to $2.12 I was quite happy. with hundreds (thousands?) of coins to choose from, what led you to pick XVG, CND and TRX specifically? Link to comment Share on other sites More sharing options...
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