Blog Post: Day 27 of $QQQ short term down-trend; I hope some of you went to cash when I did; When people stop looking for a bottom we may be there. $QQQ and other indexes are in daily BWR down-trends, see chart
2 thoughts on “Blog Post: Day 27 of $QQQ short term down-trend; I hope some of you went to cash when I did; When people stop looking for a bottom we may be there. $QQQ and other indexes are in daily BWR down-trends, see chart”
Yes, I did. I very much appreciate your teaching. You saved me greatly. I wish I could take your full course remotely. I have watched your Video and like your approach very much. I now run my funds for my wife and myself independently. Uon retirement, I was cajoled into moving my money from the company where I worked to a professional Wealth advisor; CFP, CRP. This meant that I could no longer return to my employer’s low cost funds, where I had kept it for my entire career. Of course, once convinced that he would have much greater flexibility in investments at his large firm, I transferred all of my wealth to him where he would receive a very large commision for AUM, even though it would only be 0.5% commission. If the students were to do the math, they could see that at retirement age, that little fee is a significant fraction of the assets upon which they are to live off of. Hence, by embracing your course, they can save themselves many hundreds of thousands of dollars! Children, learn your lessons well. I made the transfer where “we” only lost 20% of my retirement funds, much of which resided in bond funds. This gentleman had never managed funds during a rising-rate environment and evidently did not understand how bond funds worked.
Hence, now I am on a journey of my own and have been devouring investment literature, much of the CANSLIM approach etc., yet still trying to put it all together. I’d rather not sit in and just watch unnecessary draw downs to my accounts, when there are people like yourself who have designed systems that help one gauge risks, participate when markets run, and become conservative when warning signs appear and minimize much of the draw downs. I am thankful for having found your interview, website, and your assessment of the warning signs of the topping market. It looks like over the next period of time, I will stay in cash and less volatile assets as markets heal themselves, as I cautiously attempt to scale back into the market or other area in which I can receive some yield on my remaining capital. Those markets and assets may be different going forward than they were this past 14 years, post financial crisis, where we failed to remove the low-interest, QE punchbowl prior to Covid. Oaktree Capital’s Howard Mark’s paper, entitled “Sea of Change” depicts much of that spirit.
P.S. If your students ever feel bad about paying back student loans for their investment in education, they are making the best investment one can ever make, in themself. Those of us who started at the University in the early 1980’s had a different dilema. We/I received guaranteed student loans in 1981 at the height of an inflationary period. My government insured guaranteed student loan was 9.3%. It was difficult and took more than a decade to fulfill. It was worth it. As I told each of my 4 children, you must be a consumer and ensure that you elect a major that will enable you to repay your financial investment and most importantly the opportunity cost of 4 years of time. Please do not squander it!
Thanks much for your teachings. I truly wish I had an opportunity to take a course like this.
Sincerely,
Greg
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Appreciate you keeping us informed. Would you be able to mention more explicitly on your unloading of your university account for each post. The last I recall you were waiting for bounces and such but hard to really tell. Is it 100% cash now? I am still partial long and tying to decide if its worth exiting now after the tariff news, wait for bounces lr what. Thank you as always.
Yes, I did. I very much appreciate your teaching. You saved me greatly. I wish I could take your full course remotely. I have watched your Video and like your approach very much. I now run my funds for my wife and myself independently. Uon retirement, I was cajoled into moving my money from the company where I worked to a professional Wealth advisor; CFP, CRP. This meant that I could no longer return to my employer’s low cost funds, where I had kept it for my entire career. Of course, once convinced that he would have much greater flexibility in investments at his large firm, I transferred all of my wealth to him where he would receive a very large commision for AUM, even though it would only be 0.5% commission. If the students were to do the math, they could see that at retirement age, that little fee is a significant fraction of the assets upon which they are to live off of. Hence, by embracing your course, they can save themselves many hundreds of thousands of dollars! Children, learn your lessons well. I made the transfer where “we” only lost 20% of my retirement funds, much of which resided in bond funds. This gentleman had never managed funds during a rising-rate environment and evidently did not understand how bond funds worked.
Hence, now I am on a journey of my own and have been devouring investment literature, much of the CANSLIM approach etc., yet still trying to put it all together. I’d rather not sit in and just watch unnecessary draw downs to my accounts, when there are people like yourself who have designed systems that help one gauge risks, participate when markets run, and become conservative when warning signs appear and minimize much of the draw downs. I am thankful for having found your interview, website, and your assessment of the warning signs of the topping market. It looks like over the next period of time, I will stay in cash and less volatile assets as markets heal themselves, as I cautiously attempt to scale back into the market or other area in which I can receive some yield on my remaining capital. Those markets and assets may be different going forward than they were this past 14 years, post financial crisis, where we failed to remove the low-interest, QE punchbowl prior to Covid. Oaktree Capital’s Howard Mark’s paper, entitled “Sea of Change” depicts much of that spirit.
P.S. If your students ever feel bad about paying back student loans for their investment in education, they are making the best investment one can ever make, in themself. Those of us who started at the University in the early 1980’s had a different dilema. We/I received guaranteed student loans in 1981 at the height of an inflationary period. My government insured guaranteed student loan was 9.3%. It was difficult and took more than a decade to fulfill. It was worth it. As I told each of my 4 children, you must be a consumer and ensure that you elect a major that will enable you to repay your financial investment and most importantly the opportunity cost of 4 years of time. Please do not squander it!
Thanks much for your teachings. I truly wish I had an opportunity to take a course like this.
Sincerely,
Greg
Appreciate you keeping us informed. Would you be able to mention more explicitly on your unloading of your university account for each post. The last I recall you were waiting for bounces and such but hard to really tell. Is it 100% cash now? I am still partial long and tying to decide if its worth exiting now after the tariff news, wait for bounces lr what. Thank you as always.