7 Responses to “August 29, 2019”

1. jimmy says:

   August 29, 2019 at 7:30 pm

   The buy decision on these sort of reminds me of the orange juice futures floor scene in the movie ‘ Trading Places’ .

   As the price becomes more and more attractive we are all waiting for the absolute bottom asking “now ? ” then saying ” Not yet” as more lousy news hits the market and they fall even further.

   Getting pretty close now I think to where we have hit rock bottom and there can’t be any more lousy news and it is time to start buying

   Maybe someone could be the Lewis Winthorp and yell ” buy em” but we have to be close now.

   Actually he yelled “Sell 30 April 142” (their market was buying options to sell at $1.42/lb knowing the oj crop was ok and the price would fall – short selling) lol

2. mbarbon says:

   August 29, 2019 at 8:32 pm

   I couldn’t find anything out there that would would have triggered today’s rise. Maybe it was Lewis Winthorp…

3. Nestor says:

   August 30, 2019 at 6:54 am

   rather than trying to pick the bottom, why not wait until it’s clear things have turned around?

4. Nestor says:

   August 30, 2019 at 6:56 am

   or, as James would prefer, don’t bother timing anything. have an allocation, and stick to it. i mean, he’s said it here so many times.

5. mbarbon says:

   September 1, 2019 at 4:03 pm

   I just don’t like how its trended down so badly in the past few months… However GIC rates have done the same thing.

   I believe outlook and your current weighting is of major importance. If your already near your allocation I believe you should wait for the trend to reverse (after all principle is important no matter the rate).

   If you have a very low weighting and lots of room to buy than I would consider buying, but with caution.

   Of course its only one persons opinion who bought the before the bottom last time and was contemplating selling months ago because of the gains, but I now back to where I was years ago…

6. skeptical says:

   September 1, 2019 at 8:54 pm

   There are no free lunches. If risk free rate is say 3%, best case(at CDIC insured tier 2 and tier 3 banks/FIs), then how can one expect close to 5.5 or 6% with no volatility?
   In this case, it’s actually more like 7.5 to 8%.
   So we want to get about 2.5 to 3x the return but are not willing to happen volatility of even 5 to 10% in prices?
   Just ain’t happening!
   Volatility is the price for higher returns.

7. skeptical says:

   September 1, 2019 at 8:55 pm

   but are not willing to happen volatility of even 5 to 10% in prices?

   correction:
   but are not willing to Accept volatility of even 5 to 10% in prices?