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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: zeelotes ✹🐝🐝  😊 😞
Number: of 6132 
Subject: Re: What constitutes success?
Date: 04/16/24 9:37 AM
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Jim wrote: I say "worse than useless" because a lot of people go to a lot of trouble to get a smooth ride, and hurt themselves thereby. As the old saying goes, a lot more money has been lost trying to avoid bear market losses than has ever been lost in bear markets. After all, a smooth ride won't get you any higher standard of living the day you retire: only the portfolio balance matters. There is no point at all in seeking a low-volatility, low-drawdown, or low-stress portfolio **EXCEPT** the barest minimum of those features that will allow you with your real-world foibles to stick with the strategy which will ultimately in real life get you the highest CAGR with the highest confidence.

This chart illustrates well the typical individual investor who attempts what Jim describes.

zeelotes.org - Individual Investors Fear Greed

All financial advisors strongly advocate for being invested 100% of the time. Hmmmm.... I wonder why?
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