A place to discuss all things ADM
09-18-2021, 01:59 AM
#511
Rennlist Member
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”.
09-18-2021, 06:23 AM
#512
The OP and I have all different types of clients. The more aggressive technical traders very often outperform the S&P handily. Simply because they manage risk,limiting downside and buy issues with favorable technicals with accumulation patterns. I simply wanted to address the OP’s original post, dismissing technical analysis,not open up an entirely new topic…
Last edited by NYCGT3; 09-18-2021 at 06:36 AM.
09-18-2021, 06:38 AM
#513
Race Director
This is probably the most interesting development of a value thread turning into something actually valuable on rennlist. I've always wondered about technical analysis vs. Fundamentals.. there has to be some empirical data which helps answer this age-old argument no?
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rhk118 (09-18-2021)
09-18-2021, 06:48 AM
#514
This is probably the most interesting development of a value thread turning into something actually valuable on rennlist. I've always wondered about technical analysis vs. Fundamentals.. there has to be some empirical data which helps answer this age-old argument no?
SUBSCRIBED!
SUBSCRIBED!
Last edited by NYCGT3; 09-18-2021 at 06:54 AM.
09-18-2021, 07:07 AM
#515
Rennlist Member
Buy Bitcoin and Gamestop
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NYCGT3 (09-18-2021)
09-18-2021, 08:24 AM
#516
checking this out as well, sounds like I need to skip Barron’s
Last edited by Gh0st0; 09-18-2021 at 08:27 AM. Reason: Update
You are late for that
09-18-2021, 10:37 AM
#518
This is probably the most interesting development of a value thread turning into something actually valuable on rennlist. I've always wondered about technical analysis vs. Fundamentals.. there has to be some empirical data which helps answer this age-old argument no?
SUBSCRIBED!
SUBSCRIBED!
The following users liked this post:
NYCGT3 (09-18-2021)
09-18-2021, 10:38 AM
#519
Rennlist Member
The following 2 users liked this post by GarrettSR5:
cadster (09-19-2021),
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09-18-2021, 10:39 AM
#520
Rennlist Member
I give you some insight: buy Chinese stocks in 2021.
2020 was the year to grab US stocks.
Long term opportunities come 1-2 times in 10 years cycle.
When there is fear and blood on the street then you will find opportunities. And shut the outside noises (media, reports, etc).
2020 was the year to grab US stocks.
Long term opportunities come 1-2 times in 10 years cycle.
When there is fear and blood on the street then you will find opportunities. And shut the outside noises (media, reports, etc).
09-18-2021, 10:40 AM
#521
Rennlist Member
09-18-2021, 10:43 AM
#522
Rennlist Member
Yeah I wish. It was on a deep web wallet tied to an email service that I saved in a .txt file. Probably not my smarted move but this was all in 2008-2009
09-18-2021, 12:28 PM
#524
Yes back to ADMs.and my turn to beat the dead horse.
My take: High end car prices are not coming back down. If ADM goes away is because Porsche monetizes the demand and jacks up the MSRP. GT3 is a $200k car plus options, whether a chunk goes to the dealer or not.
Too much money in the system for prices to go down. Pay no mind to CPI, real world inflation is through the roof. A gallon of milk may be 5% higher, but the contractor redoing your deck is charging 3x the price of two years ago, cash payment off the books highly preferred, and he can't wait to get his hands on a nice car himself. And of course many people who own assets are sitting on 50% to 100% gains from 2 years ago.
And mind you I'm not even saying that's a bad thing, overall.
My take: High end car prices are not coming back down. If ADM goes away is because Porsche monetizes the demand and jacks up the MSRP. GT3 is a $200k car plus options, whether a chunk goes to the dealer or not.
Too much money in the system for prices to go down. Pay no mind to CPI, real world inflation is through the roof. A gallon of milk may be 5% higher, but the contractor redoing your deck is charging 3x the price of two years ago, cash payment off the books highly preferred, and he can't wait to get his hands on a nice car himself. And of course many people who own assets are sitting on 50% to 100% gains from 2 years ago.
And mind you I'm not even saying that's a bad thing, overall.
09-18-2021, 02:37 PM
#525
Yes back to ADMs.and my turn to beat the dead horse.
My take: High end car prices are not coming back down. If ADM goes away is because Porsche monetizes the demand and jacks up the MSRP. GT3 is a $200k car plus options, whether a chunk goes to the dealer or not.
Too much money in the system for prices to go down. Pay no mind to CPI, real world inflation is through the roof. A gallon of milk may be 5% higher, but the contractor redoing your deck is charging 3x the price of two years ago, cash payment off the books highly preferred, and he can't wait to get his hands on a nice car himself. And of course many people who own assets are sitting on 50% to 100% gains from 2 years ago.
And mind you I'm not even saying that's a bad thing, overall.
My take: High end car prices are not coming back down. If ADM goes away is because Porsche monetizes the demand and jacks up the MSRP. GT3 is a $200k car plus options, whether a chunk goes to the dealer or not.
Too much money in the system for prices to go down. Pay no mind to CPI, real world inflation is through the roof. A gallon of milk may be 5% higher, but the contractor redoing your deck is charging 3x the price of two years ago, cash payment off the books highly preferred, and he can't wait to get his hands on a nice car himself. And of course many people who own assets are sitting on 50% to 100% gains from 2 years ago.
And mind you I'm not even saying that's a bad thing, overall.