MOTOGP At Laguna Seca; Serious Racing By Serious Racers. None Of This Too Hour Too Long Parade Shit Like In F-1 Cage Racing.
Charts and Tables Up!
"The art of investment is the art of selling. Buying is a lesser skill and holding requires no skill at all."
-- Harry Schultz
More of the same. The 401a funds are doing very well. Being long and strong the best performing fundz and almost all stocks all the time for most of three years has been very good to me. Check the chartz. But, if I'd let the inner cowboy loose...If I hadn't played around trying to be responsible since I play with an open hand... If I hadn't tried so hard at being diversified all the time... if I hadn't gone to cash when I felt uncertain, to cut the risk down when it got too uncomfortable... If I'd ridden only the two best performing funds... If I'd bumped my contribution to the max back in '05....
But that's all a load of crap. This is a 401a and the real world I'm talkin' about and I'm investing in funds that have trading restrictions in place, and funds whose holdings I'm not privy to in a meaningful way, and where I've got a 24 hour trading lag between data and allocation, and where the risk/reward is less quantifiable etc, etc, etc..
So sometimes being smart exacts a price. Some times being stoopid extracts a price too. What about the containment of the subprime real estate loans, the CDO's,CLO's, and MBS's? What about interest rate policies at the other nation's central banks? What about the Alt A subprime loans, How far does the CDO risk reeeally extend? Is Bears Stearns the ONLY house on the street with serious leverage, I mean, (way too)serious leverage in hedge fundz? Will LBO and PE loans still be available in the near future? How many banks/investment houses will have to eat bonds or bridge loans over the next six months if the PE deals go south? Was Fortress and BX the top? What did the principals of BX and Sam Zell see? Will BX and Fortress be the pattern for the IPO's in the wings? These are some questions making me seriously consider unwinding my margin and option leverage in my trading accounts. You know, going to straight up long on my way to 50% cash while I'm thinking I might be on my way to 100% cash. I've made three years in 6 months and it looks way too uphill from here. So why am I not thinking that it'd be pretty dumb not to entertain the same thoughts and questions when it comes to my 401a? Nah, I AM thinking that it'd be pretty dumb not to entertain the same thoughts and questions when it comes to my 401a....
I've gone to cash a coupla three four times in the last three years, needlessly, it turns out. I may go that way again. I'll let you knowif and when and how it turns out.
"The art of investment is the art of selling. Buying is a lesser skill and holding requires no skill at all."
-- Harry Schultz
More of the same. The 401a funds are doing very well. Being long and strong the best performing fundz and almost all stocks all the time for most of three years has been very good to me. Check the chartz. But, if I'd let the inner cowboy loose...If I hadn't played around trying to be responsible since I play with an open hand... If I hadn't tried so hard at being diversified all the time... if I hadn't gone to cash when I felt uncertain, to cut the risk down when it got too uncomfortable... If I'd ridden only the two best performing funds... If I'd bumped my contribution to the max back in '05....
But that's all a load of crap. This is a 401a and the real world I'm talkin' about and I'm investing in funds that have trading restrictions in place, and funds whose holdings I'm not privy to in a meaningful way, and where I've got a 24 hour trading lag between data and allocation, and where the risk/reward is less quantifiable etc, etc, etc..
So sometimes being smart exacts a price. Some times being stoopid extracts a price too. What about the containment of the subprime real estate loans, the CDO's,CLO's, and MBS's? What about interest rate policies at the other nation's central banks? What about the Alt A subprime loans, How far does the CDO risk reeeally extend? Is Bears Stearns the ONLY house on the street with serious leverage, I mean, (way too)serious leverage in hedge fundz? Will LBO and PE loans still be available in the near future? How many banks/investment houses will have to eat bonds or bridge loans over the next six months if the PE deals go south? Was Fortress and BX the top? What did the principals of BX and Sam Zell see? Will BX and Fortress be the pattern for the IPO's in the wings? These are some questions making me seriously consider unwinding my margin and option leverage in my trading accounts. You know, going to straight up long on my way to 50% cash while I'm thinking I might be on my way to 100% cash. I've made three years in 6 months and it looks way too uphill from here. So why am I not thinking that it'd be pretty dumb not to entertain the same thoughts and questions when it comes to my 401a? Nah, I AM thinking that it'd be pretty dumb not to entertain the same thoughts and questions when it comes to my 401a....
I've gone to cash a coupla three four times in the last three years, needlessly, it turns out. I may go that way again. I'll let you knowif and when and how it turns out.
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