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MrRenev
Sep 21, 2019 5:02 PM

My top 15 dumbest investing advice Education

Dow Jones Industrial Average IndexTVC

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"All you have to do is invest early."

"Throw money into the stock market and then wait. Just hodl, last time they said."

"The US stock market recovered from 2 world wars nothing can stop it. It will keep going up forever."

"If you just throw a few hundreds a month into the coinflip fire you'll magically be a millionaire by 60."

"Look at the past (but not before my lifetime, I cannot understand that past), prices have always gone up, so there is no risk, just hold and enjoy retirement."

"If you look at this very technical data with numbers you can see that if you held for a long enough time in the past 75 years you always ended up fine. If you are about to retire throw all your money into the stock market and have no worries, forget about it, everything will be fine."

"According to some numbers of the past 75 years I can guarentee stock buyers will get 5% returns because that's how my brain works."

"Start saving for retirement early" (at -1% a year you'll be a happy millionaire retired man in no time)

"Diversification is for idiots. Since I am unaware of what is going on I clearly lucked out, and I advice you to go all in just very few companies, and make them all american."

"The best thing you can do is buy shares of a company and then forget about it. Nothing bad will happen because last time they said!"

"Just buy the indice. Easy."

"Here is some advice on short term speculating from someone which smallest holding time frame ever is 15 years: Invest for 30 minutes the same way you would for 30 years."

"Just follow the trend / Buy when there is blood in the street" (Since 99.9% misunderstand this...)

"Investing or even speculating requires no talent no intelligence, any idiot can do it. Do not let professionals manage your money, just do it yourself while having a full time job np. (I myself spend 14 hours a day reading quaterly reports and the news.)"

"I asked one of the biggest pro's (that kept saying no) for a quick easy way to have success in the stock market, to help average people. Here is the Perfect Market Share Formula for a Bullet Proof Nest-Egg (BULLET PROOF!) all weather portfolio: go 30% stocks because they always go up and 55% bonds including 40% long term because they are safe (HAHAHA!) Gold 7.5% and Commodities 7.5%. This has worked for the past 75 years so GGEZ magic formula go relax give yourself a treat nothing bad will happen." No effort required, easy. Can I get more of this? Can you sell me some quick abs? Maybe add some crypto to the formula no?





BONUS ONE, FREE: "Relax give yourself a treat you become a millionaire easy no effort we will all be millionaires by 60. All you have to do is believe in yourself."



As a conclusion today, done never before, I would like to gift you with the 1 bullet proof investment you need: Buy the company that makes kevlar vests. This is not financial advice.
Comments
nsprph
Using log scale and it doesn't look that bad. If the underline current is exponential then any thing it produces will have an exponential look to it. We got to work with what is given to us. The powers that be will do what ever it take to continue the march up the exponential hill. I like you work!
MrRenev
@nsprph, I am glad you mentionned it. I just happened to just have made an inflation adjusted chart.
nsprph
@MrRenev, This is my simple chart from my simple mind. :-
nsprph
@MrRenev, I wish I had your knowledge of charting and all the data access. Awesome work!
Cryptochaos82
You think that the market will just always go up , and what companies would you suggest ? You dont think some companies having valuations that are 250 yrs forward earnings are an issue . I am asking becausre i ahve done ok , but if I put 250gs in something tomorrow what should it be and why. Would I be able to live comfortable with a BS 1g a wk job if i invest 250gs in the market , or wqould you invest in a company and realestrate ???
MrRenev
@Cryptochaos82, Maybe humans go extinct idk. But even after the roman empire "collapsed" their gdp still kept going up. Not that earth population is saturated thought, maybe not as much.
It's possible humans go backwards.
But... since the end of the ice age 10k years ago humans have become civilised, and kept going up. We are still in a glacial period, things should get better. Maybe this is a little too long term (and maybe people got smarter to survive the ice age and now will just get dumber).

The exponential growth of the past 200 years was because of tech revolutions, but we use up now too much of earth ressources and we went to space invented cars planes huge advances what more can we do in that short period of time, sure we have much faster computers but these inventions are not as powerful as somethign completely new, it's just faster and smaller.

Very possible we go back for the next couple decades, which means for us investing won't be as easy. For all of Buffet life the extreme difficulty of it was: 1- Buy a stock 2- ??? 3- profit. Not going to keep being like this in my opinion.

I invest all my time effort and focus in being able to trade short term I think this will be the correct bet, and the mainstream herd that now is going for "buy and wait" is wrong and won't be rewarded.
nsprph
@MrRenev, Just a comment on the Roman collapse , it took centuries to collapse from its peek. If I remember , it was something like 600 years.
MrRenev
@Cryptochaos82, From what little I know on stocks, it's next to impossible to find good cheap buys in the US & EU now, there are some in Japan and some emerging markets. I'd say best to wait (or something else) but at the same time if central banks drop the value of money by 20% ouch.
nsprph
@MrRenev, "if central banks drop the value of money by 20% ouch." I think this is what they will do and all over the world. This is why there will be a massive bubble in the big cap names in the US as funds flow in for safety from devaluation. Gold and commodities should also do very well.
BorisPoff
Don Pedro: Nay pray thee, come;
Or if thou wilt hold longer argument,
Do it in notes.
Balthasar: Note this before my notes:
There's not a note of mine that's worth the noting.
Don Pedro: Why, these are very crotchets that he speaks – Note notes, forsooth, and nothing!
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