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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST
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To: Winfastorlose who wrote (8087)1/27/2020 1:20:11 PM
From: Kirk ©6 Recommendations  Read Replies (1) of 26710
 
It looks like I'm tied for 3rd place for the past year's timing at Timer Digest.



The bull has been so strong that usually anyone that tries to pick up quarters in front of the steamroller have been crushed. I read a lot of nonsense about how some use stops but I've spoken to a few paid money managers (who are allowed to trade funds because the SEC didn't ban them for churning accounts and other nefarious deeds) and they usually resort to saying they have better "risk adjusted returns" if you can get them to give you their managed returns. When I counter with something like "what about just lowering asset allocation to stocks to reduce risk and save on the fees".... and the discussion can end or what Cramer did after I started tweeting to him "why bother"... switch his marketing to a club rather than portfolio performance.

The truth is a 31% up market made a lot of under performers look great last year. Wall Street is FILLED with big firms that have done it for generations... extracting fees from chumps who didn't know enough or did not have access to index funds. I think the number of us who've actually gone on the record and added value for over 20 years is quite small.
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