chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Jun 17, 2022 19:10:33 GMT 7
At some point I may try to chart the hope and luck trajectories and how they vary based on an investors age. There was a discussion a while back about people remaining invested in equities regardless of their age. TThe things that are happening currently are absolute proof in my mind that is pure folly and that 60/40 or similar remans a sensible way to go, albeit investors will have to find another source for their adrenalin rushes. I am riding it out or HODL. I am hoping that in about 12 months it will have returned to a semblance of where it was. I should have enough cash to live 2 or 3 years once I retire at the end of the year, so hopefully things will have picked up before I need to cash out any investments. I would be happy with 4% a year, so I am looking into what I can do to get that with more security for my initial investment. Haven't found anything yet though. I complained about losses but in truth I've done very well, by comparison. I'm down 5.3% from the peak, much of that was due to an ill timed buy of Mid Wyn a few months ago. I remain very comfortable with using the wealth protection funds such as CGT and PNL, I only wish I'd bought into Ruffer which I was planning to do but didn't, it's turned out to be an excellent performer. Going forward I'm going to stay on the same path and I'll leave the SMT's of this world to those with a greater appetite for risk.
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Post by rgs2001uk on Jun 20, 2022 21:04:51 GMT 7
^^^^ horses for courses.
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chiangmai
Crazy Mango Extraordinaire
Posts: 6,232
Likes: 5,242
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Post by chiangmai on Jun 21, 2022 6:22:40 GMT 7
Good god man, don't tell me you're still holding those lead anchors, whaaaa! 😅
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Post by rgs2001uk on Jun 21, 2022 21:30:44 GMT 7
At some point I may try to chart the hope and luck trajectories and how they vary based on an investors age. There was a discussion a while back about people remaining invested in equities regardless of their age. TThe things that are happening currently are absolute proof in my mind that is pure folly and that 60/40 or similar remans a sensible way to go, albeit investors will have to find another source for their adrenalin rushes. I am riding it out or HODL. I am hoping that in about 12 months it will have returned to a semblance of where it was. I should have enough cash to live 2 or 3 years once I retire at the end of the year, so hopefully things will have picked up before I need to cash out any investments. I would be happy with 4% a year, so I am looking into what I can do to get that with more security for my initial investment. Haven't found anything yet though. Good man.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Jun 22, 2022 6:57:16 GMT 7
I would be happy with 4% a year, so I am looking into what I can do to get that with more security for my initial investment. Have you considered an annuity? For someone British in normal health of age 55 can take out a UK annuity paying 4.6%. If you're older, sicker, or smoke the rate will be higher. I believe other countries have similar products.
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chiangmai
Crazy Mango Extraordinaire
Posts: 6,232
Likes: 5,242
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Post by chiangmai on Sept 27, 2022 15:28:01 GMT 7
, welcome to the club. Large glasses of Mount Gay rum usually help me through moments like this. I'm OK, I've only got about 20% invested right now and most of that is with Capital Gearing IT, the wealth preservation fund. This was a great thread, some of you should go back through and read the things that you said. Another good thread to reminisce in the My Portfolio thread, a series of very different comments back then, compared to today....almost funny in fact, I especially liked the discussion on risky assets. arf arf
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Sept 27, 2022 19:47:44 GMT 7
^^^ More clueless wittering. You have an obsession with short term performance and wet your knickers at the thought of the value of your investments going down for a few months. Other people, who understand how markets work, know that equity investing is for the long term and look at performance over years, not months.
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Post by rgs2001uk on Sept 27, 2022 22:10:15 GMT 7
I was in the bank today, had a quick glance at the exchange rates, pommie rupee 40 baht.
I thought to myself, eff me thats the same as I was getting 30 years ago.
The ex barrow boys and taxi drivers are going into meltdown on their utube channels, never mind my glass is half full.
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chiangmai
Crazy Mango Extraordinaire
Posts: 6,232
Likes: 5,242
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Post by chiangmai on Sept 28, 2022 6:11:10 GMT 7
^^^ More clueless wittering. You have an obsession with short term performance and wet your knickers at the thought of the value of your investments going down for a few months. Other people, who understand how markets work, know that equity investing is for the long term and look at performance over years, not months. In September 21 (that's a year BTW) I wrote on Page 6: "I've finished my upside/downside review. I calculate, based on the past 5 years performance, that my 12-month upside is 11.6%, which when cash holdings are factored in leaves me with an overall total return very close to 6.4% (my goal was 6%). My downside, assuming a 20% fall in markets, is an overall loss of 6.5%, which is acceptable". And so it turned out to be witter, witter, witter, witter.
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