Financial topics

[Higgenbotham]

In view of this sudden and growing hostility, I wouldn't be surprised
to see a big meltdown in tech in the next few weeks.

Being a technical person, but not being a computer tech guy, I listened to CNBC discuss this a couple days ago. And they would lead somebody like me to believe that since people use facebook to sign into everything under the sun, they would mostly continue to use facebook. That type of information will only make the panic worse if what you suggest is going to happen does happen, which is very likely given everything else that is going on.

[Higgenbotham]

Today’s Demographics Defies Conventional Wisdom

The main example Howe shared is that people in the 75+ age bracket still dominate stock ownership by far. This defies conventional wisdom that people reduce risk as they retire and leave the workforce. Meanwhile, Millennials have lower income and stock ownership levels than previous generations did at the same age.

If "people in the 75+ age bracket still dominate stock ownership by far" this won't go on much longer.

I think this is important. Anybody 75+ should be more risk averse and really shouldn't own stocks, or at least not too many. Now that stocks are dropping like a lead balloon and 6 month t-bills are yielding close to 2%, these folks might start selling quicker than they would have when they were 35 or 55.

[John]

> Today’s Demographics Defies Conventional Wisdom

> The main example Howe shared is that people in the 75+ age bracket
> still dominate stock ownership by far. This defies conventional
> wisdom that people reduce risk as they retire and leave the
> workforce. Meanwhile, Millennials have lower income and stock
> ownership levels than previous generations did at the same
> age.

> If "people in the 75+ age bracket still dominate stock ownership
> by far" this won't go on much longer.

> I think this is important. Anybody 75+ should be more risk averse
> and really shouldn't own stocks, or at least not too many. Now
> that stocks are dropping like a lead balloon and 6 month t-bills
> are yielding close to 2%, these folks might start selling quicker
> than they would have when they were 35 or 55.

I noticed this years ago. In the 1970s, whenever you heard any kind
of investment advice on tv, they always made a remark that older
people make less risky investments than young people. Savings
accounts and certificates of deposit had pretty decent interest rates,
so they were always recommended for those nearing retirement. That
age-based advice was always part of the analysis at that time.

But it's been at least the last 10-15 years since I've heard that
advice at all. It's not surprising, given that the prime rate savings
interest rates are near 0. Now the advice is the same for everyone --
buy the high fashion stocks that we all know are going to go up and up
and up.

[Higgenbotham]

But it's been at least the last 10-15 years since I've heard that
advice at all. It's not surprising, given that the prime rate savings
interest rates are near 0. Now the advice is the same for everyone --
buy the high fashion stocks that we all know are going to go up and up
and up.

What caused me to get back on this topic is, about a year ago, I looked at the investment portfolio of an 83 year old man. Half of it was in stocks and half in cash. Believe it or not, the second largest holding in the portfolio was Facebook, which represented 15% of his total portfolio (including the cash). When I saw your post, I was reminded of that, and my thought was, "That fellow is not going to ride this problem with Facebook out "for the long run" because there is no long run for him - he is going to sell."

[Higgenbotham]

I think Warren Buffett and all the media attention he gets has contributed to older people owning lots of stocks. It has become fashionable. I recently saw an article in Barrons that profiled an 82 year old man who said Berkshire Hathaway is the only stock he owns (implying that's the only investment an older person really needs to have).

[Higgenbotham]

This is irresponsible reporting, given that no disclaimers were made about such a portfolio not being appropriate for a person this age.

Why Edward Thorp Owns Only Berkshire Hathaway

By Leslie P. Norton and Dan Lam March 20, 2018 8:00 a.m. ET

Q: What’s in your portfolio now?

A: One good stroke of good fortune was meeting Warren Buffett in 1968. It led me to realize that I needed to invest in Berkshire Hathaway (ticker: BRK.A), although I didn’t do it until 1982. It’s my single investment in the stock market. It’s like a broad value-stocks equity index. I hold it in lieu of VTSAX [the Vanguard Total Stock Market fund]. It does about as well with no current taxes to pay. VTSAX has dividends that are taxed annually. I also have some hedge funds, but I consider them not as good as Berkshire, so I use them to spend and finance other things I do.

Name: Edward O. Thorp
Age: 85
Education: Ph.D., mathematics, University of California, Los Angeles
Jobs: Math professor, gambler, hedge fund manager, author
Books:
Beat the Dealer: A Winning Strategy for the Game of Twenty One (1962), Elementary Probability (1966), Beat the Market: A Scientific Stock System (with Sheen T. Kassouf, 1967), The Mathematics of Gambling (1985), The Kelly Capital Growth Investment Criterion (with Leonard MacLean and William Ziemba, 2012), A Winning Bet in Nevada Baccarat (with William Walden, 2015), A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market (2017)

https://www.barrons.com/articles/why-ed ... 1521547200

[aeden]

Schwab clients raised zero cash during February decline. t
Complacency meets the square root note H.

trending: failed, final, higher, lower, rally, turning

https://stockboardasset.com/wp-content/ ... aws-16.jpg

[aeden]

"You don't have enough money to pay for a recent trade" in your xxxxxxx Brokerage Account. This email was sent to you in error.

You don't need to take any action. We apologize for any confusion this may have caused.

Good Morning Mr. Bond

51.1% Short-term reserves

She's is an officious little woman and widely disliked in the company.

My view only on current events before we where wiped out H.
The data cults have no clue what we suffered and rebuild from failure and abject ruin.
The pain lingers.
https://www.federalreservehistory.org/e ... of_1981_82

https://mises.org/library/pretense-knowledge

Christ's entire silence about the baptism of infants at this time, when he had such an opportunity of speaking of it to his disciples, had it been his will, has no favourable aspect on such a practice. It is not denied that little children, whether born of believers or unbelievers, which matters not, may be chosen of God, redeemed by the blood of Christ, and have the passive work of the Spirit on their souls, and so enter into heaven; but this is not the sense of this text. It was indeed a controversy among the Jews, whether the little children of the wicked of Israel, , "go into the world to come": some affirmed, and others denied; but all agreed, that the little children of the wicked of the nations of the world, do not. They dispute about the time of entrance of a child into the world to come; some say, as soon as it is born, according to Psalm 22:31 others, as soon as it can speak, or count, according to Psalm 22:30 others as soon as it is sown, as the gloss says, as soon as the seed is received in its mother's womb, though it becomes an abortion; according to the same words, "a seed shall serve thee": others, as soon as he is circumcised, according to Psalm 88:15 others, as soon as he can say "Amen", according (z) to Isaiah 26:2 All weak, frivolous, and impertinent.

When the child misbehave slap the Grandmother.

https://www.youtube.com/watch?v=YtbOr-IerBA

gregoreuo and agrupneo

“Watch therefore, and pray always that you may be counted worthy to escape all these things that will come to pass, and to stand before the Son of Man” Luke 21:36.

[aeden]

Today we shall fade this like a cheap pair of jeans.
https://www.zerohedge.com/sites/default ... k=yw6e1ioP
We will reassess when we feel we are back in Kansas, Toto.

https://www.youtube.com/watch?v=cjMoAf9 ... Fzdu59mp8V

Frequently, in fact, the dollar price of a bond is not even computed until after --------

you will be able to rise above the large majority of investors that get caught in the sinkhole of cyclical thinking.

We see what you did with that point.
https://www.youtube.com/watch?v=X95qte7Pa10

Enjoy that basket of fruit.
The sun is moving... We are moving at an average velocity of 828,000 km/hr.

In Athens, "hubris" (excessive self-regard), whether in dealing with Gods or other mortals, was considered a crime, and always characterized by authors as folly, by which they meant an action that would backfire with disastrous consequences. In other words, for the Greeks, as for us today, arrogance is offensive both on moral grounds, because it involves putting down others, but also on empirical grounds, because it blinds one to reality, including dangerous reality.

pair trade holding H
be carefull

In fact, it is a #stone#cold#lead#pipe#lock

[aeden]

https://www.zerohedge.com/sites/default ... k=Lqrt4Z3B

As we discussed the mid week H.
Working book three list, unplugged four for now. 03/28/2018 at 03:03

https://www.youtube.com/watch?v=YyF1FwiYcoQ


https://www.zerohedge.com/sites/default ... k=yTnM3YWC
As suggested the affairs took longer than we garnered.

"In the case of South Korea, this is absolutely a home run,"
Few remember what was written to the effects.