A place to discuss all things ADM
08-05-2021 | 07:24 PM
#496
Pro
Joined: Jan 2021
Posts: 552
Likes: 219
Thanks. To clarify, I'm not looking for an allocation. Trying to get a sense of whether I should move my existing allocation (early build touring), my 991.2 (which I love), or just hold tight until the 992 touring arrives and make a final decision then (most likely).
Giving up potential tax savings of the trade if I go the final route but I don't want to have any regrets, as I plan on keeping the winning car for a long time. Nothing for certainty like driving them both back to back.
Giving up potential tax savings of the trade if I go the final route but I don't want to have any regrets, as I plan on keeping the winning car for a long time. Nothing for certainty like driving them both back to back.
08-06-2021 | 02:51 PM
#497
Racer
Joined: Jul 2013
Posts: 458
Likes: 319
Hoping it reduces the risk a bit but I'm guessing the 991.2 market will soften as we head into winter. Seems like it already has a bit after the recent gold rush, with pretty decent supply out there now. Latest PCar/BAT auctions haven't been quite as insane.
08-06-2021 | 06:50 PM
#498
Race Director
Joined: May 2013
Posts: 10,234
Likes: 1,976
From: Hypercar Invitational
Originally Posted by seatactony
Thanks. To clarify, I'm not looking for an allocation. Trying to get a sense of whether I should move my existing allocation (early build touring), my 991.2 (which I love), or just hold tight until the 992 touring arrives and make a final decision then (most likely).
Giving up potential tax savings of the trade if I go the final route but I don't want to have any regrets, as I plan on keeping the winning car for a long time. Nothing for certainty like driving them both back to back.
Giving up potential tax savings of the trade if I go the final route but I don't want to have any regrets, as I plan on keeping the winning car for a long time. Nothing for certainty like driving them both back to back.
Originally Posted by seatactony
Hoping it reduces the risk a bit but I'm guessing the 991.2 market will soften as we head into winter. Seems like it already has a bit after the recent gold rush, with pretty decent supply out there now. Latest PCar/BAT auctions haven't been quite as insane.
Ergo... unless you get fantasycamp pricing for your car (in which case that is GREAT!)... hold on to it and enjoy it until you can make your trade.
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09-17-2021 | 10:16 PM
#506
Burning Brakes
Joined: Nov 2020
Posts: 819
Likes: 742
From: San Diego california
I have been managing stock portfolios as a RIA since 1977. For some perspective- in 1977 the Dow average was at around 700 — with only three characters. The market going down is generally for those speculating on the short run and who concentrate in a small number of positions.
if 1% scares you - I have seen market collapses that would put you into a coma - and everytime the smart move would have been to buy.
if you are buying “fad” stocks of the moment, trading options or you believe you can say trade off charts - trust me- you will be sorely disappointed.
I buy Porsche’s because I have made client’s money over the last forty plus years by investing in companies- not “stocks”.
if 1% scares you - I have seen market collapses that would put you into a coma - and everytime the smart move would have been to buy.
if you are buying “fad” stocks of the moment, trading options or you believe you can say trade off charts - trust me- you will be sorely disappointed.
I buy Porsche’s because I have made client’s money over the last forty plus years by investing in companies- not “stocks”.
09-17-2021 | 10:31 PM
#507
Pro
Joined: Jan 2021
Posts: 552
Likes: 219
I have been managing stock portfolios as a RIA since 1977. For some perspective- in 1977 the Dow average was at around 700 — with only three characters. The market going down is generally for those speculating on the short run and who concentrate in a small number of positions.
if 1% scares you - I have seen market collapses that would put you into a coma - and everytime the smart move would have been to buy.
if you are buying “fad” stocks of the moment, trading options or you believe you can say trade off charts - trust me- you will be sorely disappointed.
I buy Porsche’s because I have made client’s money over the last forty plus years by investing in companies- not “stocks”.
if 1% scares you - I have seen market collapses that would put you into a coma - and everytime the smart move would have been to buy.
if you are buying “fad” stocks of the moment, trading options or you believe you can say trade off charts - trust me- you will be sorely disappointed.
I buy Porsche’s because I have made client’s money over the last forty plus years by investing in companies- not “stocks”.
Last edited by NYCGT3; 09-17-2021 at 10:46 PM.
09-17-2021 | 10:59 PM
#508
Burning Brakes
Joined: Nov 2020
Posts: 819
Likes: 742
From: San Diego california
But you would be wrong. Charts show the past but provide nothing about the future.
do this test - I have asked “chartists” to do this for 40 plus years but never had any to attempt this exercise.
take a chart book from say five years ago and take say 20 charts or so and lay a piece of paper over the charts and show that your “algorithm” tells you where the chart goes a reasonable amount of the time.
as Broker with a major brokerage firm for decades - the brokers would use chart lingo to get clients to do trades and would laugh about it all the time. Charting was invented by the brokerage business to get clients to trade and because it encourages more trades and is easier than looking at markets, balance sheets and income and products.
Companies see their stock prices rise because in the long run they are making more money for their shareholders and retaining some of those dollars and paying eventually some in rising dividends.
stock price changes are not just random without any connection to business performance.
for every buyer each day there is an equal amount of sellers -
just my 45 years of experience of managing portfolios worth many many millions of dollars every single market day and having watched probaby a couple thousand pros and clients try every mystical investing strategy - always to avoid doing the hard work of looking at companies as businesses.
The past does not tell you logically anything about the future movement of a companies value.
do this test - I have asked “chartists” to do this for 40 plus years but never had any to attempt this exercise.
take a chart book from say five years ago and take say 20 charts or so and lay a piece of paper over the charts and show that your “algorithm” tells you where the chart goes a reasonable amount of the time.
as Broker with a major brokerage firm for decades - the brokers would use chart lingo to get clients to do trades and would laugh about it all the time. Charting was invented by the brokerage business to get clients to trade and because it encourages more trades and is easier than looking at markets, balance sheets and income and products.
Companies see their stock prices rise because in the long run they are making more money for their shareholders and retaining some of those dollars and paying eventually some in rising dividends.
stock price changes are not just random without any connection to business performance.
for every buyer each day there is an equal amount of sellers -
just my 45 years of experience of managing portfolios worth many many millions of dollars every single market day and having watched probaby a couple thousand pros and clients try every mystical investing strategy - always to avoid doing the hard work of looking at companies as businesses.
The past does not tell you logically anything about the future movement of a companies value.
09-17-2021 | 11:24 PM
#509
Pro
Joined: Jan 2021
Posts: 552
Likes: 219
But you would be wrong. Charts show the past but provide nothing about the future.
do this test - I have asked “chartists” to do this for 40 plus years but never had any to attempt this exercise.
take a chart book from say five years ago and take say 20 charts or so and lay a piece of paper over the charts and show that your “algorithm” tells you where the chart goes a reasonable amount of the time.
as Broker with a major brokerage firm for decades - the brokers would use chart lingo to get clients to do trades and would laugh about it all the time. Charting was invented by the brokerage business to get clients to trade and because it encourages more trades and is easier than looking at markets, balance sheets and income and products.
Companies see their stock prices rise because in the long run they are making more money for their shareholders and retaining some of those dollars and paying eventually some in rising dividends.
stock price changes are not just random without any connection to business performance.
for every buyer each day there is an equal amount of sellers -
just my 45 years of experience of managing portfolios worth many many millions of dollars every single market day and having watched probaby a couple thousand pros and clients try every mystical investing strategy - always to avoid doing the hard work of looking at companies as businesses.
The past does not tell you logically anything about the future movement of a companies value.
do this test - I have asked “chartists” to do this for 40 plus years but never had any to attempt this exercise.
take a chart book from say five years ago and take say 20 charts or so and lay a piece of paper over the charts and show that your “algorithm” tells you where the chart goes a reasonable amount of the time.
as Broker with a major brokerage firm for decades - the brokers would use chart lingo to get clients to do trades and would laugh about it all the time. Charting was invented by the brokerage business to get clients to trade and because it encourages more trades and is easier than looking at markets, balance sheets and income and products.
Companies see their stock prices rise because in the long run they are making more money for their shareholders and retaining some of those dollars and paying eventually some in rising dividends.
stock price changes are not just random without any connection to business performance.
for every buyer each day there is an equal amount of sellers -
just my 45 years of experience of managing portfolios worth many many millions of dollars every single market day and having watched probaby a couple thousand pros and clients try every mystical investing strategy - always to avoid doing the hard work of looking at companies as businesses.
The past does not tell you logically anything about the future movement of a companies value.
Last edited by NYCGT3; 09-18-2021 at 06:10 AM.
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