8 ms·

Horrrrible advice. Wow

SirLJ 9y ago
Best advice ever, wish someone gave it to me 20 years ago. the is the best life stile business, location independent, no employees, no clients, no bosses
- Keyframe 9y ago
  no money (soon enough) too
- ThrustVectoring 9y ago
  Let me be perfectly blunt about this: your trading system is probably the equity equivalent of picking up nickels off of train tracks. A year's worth of living expenses isn't enough to get average investment results, live off the gains, and not engage in high-risk behavior.
  - SirLJ 9y ago
    Let me be blunt as well: I have been doing this for years and it changed my life forever in a sense that my family will never have to worry about money and talking generations here... and it cost me almost nothing, but time to develop...
    - ThrustVectoring 9y ago
      The typical investor cannot get above average results - the market as a whole is the sum total of everyone trying to beat the market. People aren't as special as they think they are. Investment strategies are littered with the ruined portfolios of folks trying to "beat the market".
      - SirLJ 9y ago
        Please stop, if you don't want to try, it doesn't mean it is not possible... the truth is that the market efficient hypothesis is not valid and there are plenty examples of people beating the market consistently
        ThrustVectoring 9y ago
        Maybe I need to make some background assumptions more explicit. Have you heard of reference class forecasting [1]? The "outside view" of historical results of similar activity is significantly more effective in predicting the results of your actions compared to using the "inside view" of analyzing the details of your plan. Everyone who chooses to buy and sell individual stocks does so because they think it's better than their other choices, so the proper reference class, by default, is "active investors as a whole". The average result of active investors as a whole is the overall movement of the market. Since that's what I expect any stock-picking scheme to yield, I might as well pick the least risky and lowest cost system for it. Efficient market hypothesis has nothing to do with my opinions here. Whether or not it's possible to beat the market has nothing to do with it either. It's simple averaging - I expect than if I pick individual stocks, I'll get an average result for stock pickers as a group, and that average result is the same as the market as a whole. Want to know my investment strategy? It's taking every dollar from working that's in excess of my expense budget, immediately putting it long a total stock market index, and sitting on it for about two decades. I don't look at the news, I barely look at the index price, and I'll continue doing this if I lose half my money over the next year. I'll get as good of an expected return, except paying less money in fees and leaving my deferred capital gains invested. [1] https://en.wikipedia.org/wiki/Reference_class_forecasting https://en.wikipedia.org/wiki/Reference_class_forecasting
        SirLJ 9y ago
        I bet the Japanese felt the same way 20 years ago when Japan was the second largest economy in the world... let me give you a great quote from a so so book: "When you went to medical school did you ever want to graduate with a C average?” The doctor said, “No.” Vandergrift replied, “Do you want to send your kids to a C school?” He said, “No.” Vandergrift countered, “Then why are you doing that with your money? The S&P is an average. It’s an average of the 500 largest companies in the United States. It’s an average. It’s a C index. Why would you want to invest to get average returns?”
    - logicallee 9y ago
      I feel if you want to participate in this community you should have the courtesy to add a disclaimer to your comment that you run a trading school (the link in your profile) when you make comments like this. Also, to me personally, it seems like you're kind of making up what you just said (to get people to go to your trading school). Can you post some proof that your family is set for "generations"? (For example can you show the order of magnitude of your accounts via an anonymous screenshot?) By the way I don't share the view of others in this thread who say that your advice is "terrible", the only thing that bothers me is that you did not add a disclaimer and have an incentive to make up what you've written (to generate traffic to your school). Thanks for understanding.
      - SirLJ 9y ago
        Are you kidding me? All trading schools are scams ran by con artists - this is what my profile says in a nutshell...
        logicallee 9y ago
        All right. If you want to send anonymous proof (you can blank out your details) of the size of your accounts, you can email me at the email in my profile. I'll then post here saying I've verified your claim, if you want. Until then it seems like you are still primarily trying to promote your web site here and I don't have any reason to believe your claim about how much money you've made trading. Overall your claims seem false to me at the moment, since nobody else spends as much time promoting their approaches here on HN as you do. (Of course, you could just be enthusiastic.) You seem to have a very direct conflict of interest which you don't mention at all in your comments, unlike everyone else who posts on questions related to their projects or work.
        SirLJ 9y ago
        Are you that naive in real life as well? I can photoshop a statement showing gazillion dollars in my account, but how about first you go into my profile and show the community exactly how I am running a trading school, because this is how you came out swinging at me unprovoked 2 posts ago... I don't like bullies in real life and even less hidden on the net...

Best advice ever, wish someone gave it to me 20 years ago. the is the best life stile business, location independent, no employees, no clients, no bosses

Keyframe 9y ago
no money (soon enough) too
ThrustVectoring 9y ago
Let me be perfectly blunt about this: your trading system is probably the equity equivalent of picking up nickels off of train tracks. A year's worth of living expenses isn't enough to get average investment results, live off the gains, and not engage in high-risk behavior.
- SirLJ 9y ago
  Let me be blunt as well: I have been doing this for years and it changed my life forever in a sense that my family will never have to worry about money and talking generations here... and it cost me almost nothing, but time to develop...
  - ThrustVectoring 9y ago
    The typical investor cannot get above average results - the market as a whole is the sum total of everyone trying to beat the market. People aren't as special as they think they are. Investment strategies are littered with the ruined portfolios of folks trying to "beat the market".
    - SirLJ 9y ago
      Please stop, if you don't want to try, it doesn't mean it is not possible... the truth is that the market efficient hypothesis is not valid and there are plenty examples of people beating the market consistently
      - ThrustVectoring 9y ago
        Maybe I need to make some background assumptions more explicit. Have you heard of reference class forecasting [1]? The "outside view" of historical results of similar activity is significantly more effective in predicting the results of your actions compared to using the "inside view" of analyzing the details of your plan. Everyone who chooses to buy and sell individual stocks does so because they think it's better than their other choices, so the proper reference class, by default, is "active investors as a whole". The average result of active investors as a whole is the overall movement of the market. Since that's what I expect any stock-picking scheme to yield, I might as well pick the least risky and lowest cost system for it. Efficient market hypothesis has nothing to do with my opinions here. Whether or not it's possible to beat the market has nothing to do with it either. It's simple averaging - I expect than if I pick individual stocks, I'll get an average result for stock pickers as a group, and that average result is the same as the market as a whole. Want to know my investment strategy? It's taking every dollar from working that's in excess of my expense budget, immediately putting it long a total stock market index, and sitting on it for about two decades. I don't look at the news, I barely look at the index price, and I'll continue doing this if I lose half my money over the next year. I'll get as good of an expected return, except paying less money in fees and leaving my deferred capital gains invested. [1] https://en.wikipedia.org/wiki/Reference_class_forecasting https://en.wikipedia.org/wiki/Reference_class_forecasting
        SirLJ 9y ago
        I bet the Japanese felt the same way 20 years ago when Japan was the second largest economy in the world... let me give you a great quote from a so so book: "When you went to medical school did you ever want to graduate with a C average?” The doctor said, “No.” Vandergrift replied, “Do you want to send your kids to a C school?” He said, “No.” Vandergrift countered, “Then why are you doing that with your money? The S&P is an average. It’s an average of the 500 largest companies in the United States. It’s an average. It’s a C index. Why would you want to invest to get average returns?”
  - logicallee 9y ago
    I feel if you want to participate in this community you should have the courtesy to add a disclaimer to your comment that you run a trading school (the link in your profile) when you make comments like this. Also, to me personally, it seems like you're kind of making up what you just said (to get people to go to your trading school). Can you post some proof that your family is set for "generations"? (For example can you show the order of magnitude of your accounts via an anonymous screenshot?) By the way I don't share the view of others in this thread who say that your advice is "terrible", the only thing that bothers me is that you did not add a disclaimer and have an incentive to make up what you've written (to generate traffic to your school). Thanks for understanding.
    - SirLJ 9y ago
      Are you kidding me? All trading schools are scams ran by con artists - this is what my profile says in a nutshell...
      - logicallee 9y ago
        All right. If you want to send anonymous proof (you can blank out your details) of the size of your accounts, you can email me at the email in my profile. I'll then post here saying I've verified your claim, if you want. Until then it seems like you are still primarily trying to promote your web site here and I don't have any reason to believe your claim about how much money you've made trading. Overall your claims seem false to me at the moment, since nobody else spends as much time promoting their approaches here on HN as you do. (Of course, you could just be enthusiastic.) You seem to have a very direct conflict of interest which you don't mention at all in your comments, unlike everyone else who posts on questions related to their projects or work.
        SirLJ 9y ago
        Are you that naive in real life as well? I can photoshop a statement showing gazillion dollars in my account, but how about first you go into my profile and show the community exactly how I am running a trading school, because this is how you came out swinging at me unprovoked 2 posts ago... I don't like bullies in real life and even less hidden on the net...