April 4, 20205 yr 8 minutes ago, Loco said: I'd love to see that chart... I've had brkb forever... always seemed to closely match S&P over any significant period of time. Sure they could be up vs SPY for a month or so, then the opposite. I am not an active investor so I didn't follow it closer than ever 6 months or so I'd see how things are going. I know I was hoping brkb would pop comming out of 2008 but it didn't seem to happen to a greater extent than the market. The bigger they are the harder it is to beat the market by any meaningful % So effectively an index fund with no management fees? How would $10k grow in BRKB vs $10k in SPY? Struggling to find a legit comparison chart on my phone. Thanks in advance
April 5, 20205 yr 1 hour ago, B00M said: So effectively an index fund with no management fees? How would $10k grow in BRKB vs $10k in SPY? Struggling to find a legit comparison chart on my phone. Thanks in advance What period(s) are you interested in?
April 5, 20205 yr Not to be "Debbie Downer" but BRKB also has additional market risk due ages of Munger (96) and Buffet (89)... FYI: Good breakdown comparison of BRKB portfolio in this article https://www.marketwatch.com/story/quiet-warren-buffett-has-three-ways-to-win-in-this-market-2020-04-02?mod=home-page
April 5, 20205 yr 1 hour ago, B00M said: So effectively an index fund with no management fees? How would $10k grow in BRKB vs $10k in SPY? Struggling to find a legit comparison chart on my phone. Thanks in advance 26 minutes ago, Wally Fairway said: What period(s) are you interested in? Here are the 1 year & 5 year comparison
April 5, 20205 yr 3 hours ago, B00M said: So how are you getting back in? upped all my contributions to buy more cheap shares, i only have a few singles everything else is etf
April 5, 20205 yr Are we gonna be up or down tonight? Will the collapse of Saudi/Russian oil price fi...supply talks send equities down?
April 5, 20205 yr 2 hours ago, Parliament said: Are we gonna be up or down tonight? Will the collapse of Saudi/Russian oil price fi...supply talks send equities down? 10 minutes ago, 52-80 said: Yes 5 minutes ago, Shaggy3.0 said: I’m up and down on south austin’s mom every night.
April 5, 20205 yr what are yalls take on forex? the dollars been going quite strong, and i dont know if itll reverse that trend soon? ive got some dineroos in other currencies that arent doing much good. thinking of it swapping it back into USD and plowing more into the US stonk market
April 5, 20205 yr 9 minutes ago, 52-80 said: what are yalls take on forex? the dollars been going quite strong, and i dont know if itll reverse that trend soon? ive got some dineroos in other currencies that arent doing much good. thinking of it swapping it back into USD and plowing more into the US stonk market I know jack shit about it, but was looking a into it some last week. All trades on FOREX are currency pairs, as the relative value of one currency must be gauged against another currency. The most heavily traded currency pair is the EUR/USD, which was the basis for my investigation as I think the 'rona may disproportionately strain the EU economically. But then I stumbled onto the fact that you can buy currency ETFs that mimic the same trades and make things easier (no need to setup forex account), but introduces the cost of management fees. I ultimately got sidetracked and still need to read up more on the pros/cons of these ETFs. https://etfdb.com/etfdb-category/currency/
April 5, 20205 yr 20 minutes ago, Blotto said: I know jack shit about it, but was looking a into it some last week. All trades on FOREX are currency pairs, as the relative value of one currency must be gauged against another currency. The most heavily traded currency pair is the EUR/USD, which was the basis for my investigation as I think the 'rona may disproportionately strain the EU economically. But then I stumbled onto the fact that you can buy currency ETFs that mimic the same trades and make things easier (no need to setup forex account), but introduces the cost of management fees. I ultimately got sidetracked and still need to read up more on the pros/cons of these ETFs. https://etfdb.com/etfdb-category/currency/ You need to learn about contango. It’s a real problem with all futures-based ETFs.
April 5, 20205 yr Let's just cut the bullshit and drop to 2100 so we can all push our chips in and ride this fucker to 2800.
April 5, 20205 yr 16 minutes ago, TonyTexas said: You need to learn about contango. It’s a real problem with all futures-based ETFs. And backwardation (which is the opposite of a problem).
April 5, 20205 yr 25 minutes ago, TonyTexas said: You need to learn about contango. It’s a real problem with all futures-based ETFs. Im aware of contango, and don't hold futures based ETFs for that reason. I do however entertain options on these ETFs for an occasional gamble here and there. I did just that with USO Jan 22 leaps recently. Unfortunately, I just realized after looking at daily volumes for most of these currency ETF options that liquidity would be a real issue. Probably better off figuring out the Forex thing if I ultimately want to speculate.
April 5, 20205 yr 40 minutes ago, ChiTownDoc said: Let's just cut the bullshit and drop to 2100 1600 so we can all push our chips in and ride this fucker to 2800. 1234
April 5, 20205 yr 6 minutes ago, Parliament said: 1234 Shit, hope you're right. I'd bail on bonds and whatever the fuck else I have to put more in if it drops to 1600.
April 5, 20205 yr 2 minutes ago, ChiTownDoc said: Shit, hope you're right. I'd bail on bonds and whatever the fuck else I have to put more in if it drops to 1600. Ummm... no. we don’t need that. 2100 is plenty
April 5, 20205 yr 22 minutes ago, Incredulity said: Ummm... no. we don’t need that. 2100 is plenty Was kind of tongue in cheek. I do not want to see that much carnage - my point was if it does go there, I'm certainly not going to be scared off.
April 5, 20205 yr 41 minutes ago, bluto said: And futures up 1% early on bc it is ALL priced in, all of it
April 5, 20205 yr Of course they are because I got distracted adn forgot to close out some leveraged short ETFs before close on friday.
April 5, 20205 yr As soon as someone can show a peak has passed in NY, there’s going to be a huge bounce. I think containment has worked, though we’ll still see catastrophic death tolls for another few months as this runs its course. The 100-200k toll seems likely and, yes, probably priced in by end of last weekWill the market go much lower in the 1-2 weeks before then? I’m running out of “new” bad news to drive it any lower than the unemployment slap already did. That will of course get worse over the next 6-8 weeks but we will become numb to it quickly, as we see new virus cases flatten and begin to assume most will return to their job shortly. Maybe a domestic travel ban would crush the markets, but then again the airlines are already fucked, so perhaps it would do nothing.We’re down 30-35% from market highs, so to the extent we were due for a correction, that’s been thoroughly executed. Avg bear market, in full, is around that mark.All that said, I’d guess we bottom with a few more of these “regular” 1-2% declines this week, probably not matching those mid-March lows.I’m thinking buy late this week or early next, expect a 10% bump within 2-3 weeks when NY shows something for us to feel like we see a light at the end of the tunnel, then a slow ride another 10% up through election as unemployment slowly recovers. There will be downturns as each subsequent big city gets hits, but the markets will not give them the weight of NY’s impact. This was a reality check for sure, but not as dire for the economy as it initially looked to me. I don’t think we’ll see those highs again for several years, but we will get there in time. This didn’t break too much long term other than businesses already in trouble.I’m currently 90/10 sidelines/S&P. I’m thinking I’ll go 50/50 Thurs so it executes before the weekend./$9.95
April 5, 20205 yr 5 hours ago, Parliament said: Are we gonna be up or down tonight? Will the collapse of Saudi/Russian oil price fi...supply talks send equities down? just remember 2 things that I've found to be true the last week or so a) all news, especially bad, is already priced into the market ii) the futures market is not an indicator of what will happen in the market when it opens
April 5, 20205 yr 5 minutes ago, Lurch said: ... This didn’t break too much long term other than businesses already in trouble. ... Zombies... EAT BRAINS!
April 5, 20205 yr 14 minutes ago, Lurch said: As soon as someone can show a peak has passed in NY, there’s going to be a huge bounce. I think that is part of the small bounce we are seeing in the futures tonight. https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-04-05/new-york-reports-first-decline-in-daily-coronavirus-deaths
April 5, 20205 yr What would the market do if Boris Johnson died? Seems like the hard core deniers are the sort that would have an affinity towards him. Major world leader dying: clearly bad. Deniers seeing one of their own go down, pushing them to reconsider reality: maybe good? That’s one bit of news I had not factored in. I’d guess Trump is in a bubble by now, but if he got it, the market would certainly tank.
April 5, 20205 yr 8 minutes ago, Lurch said: What would the market do if Boris Johnson died? rule #1 - the market has already priced that in.....(and wally continues to beat that dead horse)
April 5, 20205 yr 3 minutes ago, Wally Fairway said: rule #1 - the market has already priced that in.....(and wally continues to beat that dead horse)
April 6, 20205 yr rule #1 - the market has already priced that in.....(and wally continues to beat that dead horse) Wait, I thought the first lesson in business is: Don’t get emotional about stock, clouds your judgement
April 6, 20205 yr 28 minutes ago, Wally Fairway said: rule #1 - the market has already priced that in.....(and wally continues to beat that dead horse) Isn't the recovery then priced in as well?
April 6, 20205 yr 1 hour ago, Lurch said: Avg bear market, in full, is around that mark. Thing is, this is nothing like an average bear market.
April 6, 20205 yr Thing is, this is nothing like an average bear market.No, agree. Simply saying if this virus never came along, we could have expected the next eventual bear to occur to about this extent. The question is, did we just fast forward to and through that bear, or is it still yet to come in combination with the virus-driven disruption.
April 6, 20205 yr 1 hour ago, Wally Fairway said: ii) the futures market is not an indicator of what will happen in the market when it opens The first 7 hours of market behavior doesn't seem to be much of an indicator for how it will close.
April 6, 20205 yr 4 hours ago, ChiTownDoc said: Let's just cut the bullshit and drop to 2100 so we can all push our chips in and ride this fucker to 2800. I'm bracing for 1800. However, already nibbling on some positions; Probably go in harder at 2100ish; can't time the bottom.
April 6, 20205 yr 47 minutes ago, RexWilson said: All the oil gains from last week are about to be wiped out. Down 3.8% right now
April 6, 20205 yr 1 hour ago, RexWilson said: All the oil gains from last week are about to be wiped out. For now. Someone is going to blink soon.
April 6, 20205 yr The news is already trickling in about deaths and infections flattening out in different parts of the world. I think the big pain and volatility is mostly over. It'll probably continue to slide further as major earnings report release in 2 weeks. That's around the floor of prior recessions (40ish depending on how you average ?) Question is how quickly the market can climb out. But I think I'll put the remaining 50% of my stash back in at that point since it'll do no worse than stay flat.
April 6, 20205 yr 11 hours ago, Grade of D as in David said: Isn't the recovery then priced in as well? maybe/maybe not - checks magic 8 ball, "ask again later"
April 6, 20205 yr 12 hours ago, Anastasis said: Of course they are because I got distracted adn forgot to close out some leveraged short ETFs before close on friday. That's going to leave a mark. How can you forget about one of those pinless hand grenades?
April 6, 20205 yr 13 hours ago, Anastasis said: Of course they are because I got distracted adn forgot to close out some leveraged short ETFs before close on friday. OH YEAH...
April 6, 20205 yr 1 hour ago, Fudge Nuggets said: That's going to leave a mark. How can you forget about one of those pinless hand grenades? My "investment" "strategy" over the last week or so.
April 6, 20205 yr Jamie Dimon, letter to shareholders: Quote ... we don't know exactly what the future will hold – but at a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008. ... https://reports.jpmorganchase.com/investor-relations/2019/ar-ceo-letters.htm
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.