WoV stock portfolio

Quote: odiousgambit

Rooster, I still wonder if you think you need to be the site Cassandra, this time warning about taking too much risk with momentum stocks

I apologize for my excessive reaction some time back when you defended yourself, that was excessive

but where does this come from?
link to original post

I haven't always been so conservative
when I was much younger I got creamed thinking I could do very well in the market
but again, point taken - I'm done with this now
time to move on
not many here seem to find my point of view useful
that's okay - each to his own - I'm not going to change and I guess that those who disagree with me won't change either
thanks for your comment




.







in other news which is very interesting to me; Kalshi is now offering stock trading and it's scaring some of the big brokerages
from NYT - behind a paywall

without knowing I would guess that a person can make very small "bets" which might be appealing to many

"The C.F.T.C. is also permitting Kalshi to list other types of stock-related trades, including bets on how the stock market indexes like the Nasdaq 100 will perform and on key corporate indicators that help drive individual stock prices.

Kalshi is now offering perpetual trades on at least 50 individual stocks, including some of the country’s biggest companies, such as Google, Apple, Nvidia, Microsoft and Amazon. Since the C.F.T.C. authorized the product on Nov. 3, the platform says it has seen particularly brisk trading volume, amounting to billions of dollars.

“Stock market exposure is the next step towards Kalshi becoming a full-service financial exchange, "


and Jensen Huang the Nivida CEO who I posted about earlier has now resigned (breaking news)

.

Quote: lilredrooster

Quote: billryan

Let's start with the most obvious. What would happen if everyone simply invested in the S&P 500? Would we see a golden age of newfound wealth after a few years?

Many people want income or a mix of growth and income.

not a good question
I never recommended that everybody should invest only in that
I do agree that many people want income and more importantly feel the need to avoid short term risk

I never stated or implied that all of a person's holdings should go into it - although the vast majority of mine do

I don't want to be guessing with momentum stocks

.
link to original post

The S&P, as currently composed, is way overweight in momentum stocks.
The top ten stocks represent more than a third of its holdings. For every dollar you invest in an S&P fund, 20 cents goes into chip stocks and 5 cents goes into Tesla.

Quote: odiousgambit

Quote: AutomaticMonkey

Quote: billryan

I wonder how Plato found the time to write if he was busy building the Parthenon. Much of what you call constructive work might also be called slave labor.
link to original post

Was not all writing done with the hand, in Plato's time?

And what's so bad about slave labor? It's just labor, that happens to be done by a person who is not free to leave. I don't mean that we should return to that system of labor management, as it is very inefficient compared to modern methods. But there was nothing bad about the labor itself, nor about the people doing it, nor about the products of that labor. So what about it do we reject?
link to original post

You are sometimes just trying to be provocative I think, which is disappointing


link to original post

No not my intent at all. Are we talking about slaves in the classical world building what we now call the ancient wonders, as they did in the time of Plato? We're all aware of that and are content to take those works for what they are without worrying too much about the norms for labor management in those times. Or we could be talking about our present time and place where slavery does not exist in any meaningful way. It seems all the fuming and fretting about it has to do with a mere four score and seven years of our own history.

But that actually has something to do with this thread, as it was disruptive technologies (in that case, the steamship, railroad, and McCormick's reaper) that made the system of plantations and "labor as capital equipment" obsolete and led to economic upheaval, war, and then more economic upheaval. What all those emancipated slaves were going to do, and will it be worth enough for them to support themselves or for someone else to support them as a plantation owner did, was a bigger concern than most history books let on. Today that same thing is happening, as the Great Replacement is coming for the Cubicle Class and LLMs are now doing the jobs that many people have graduated deep in debt intending to do, and what do we expect the results of that to be? That's why I don't believe the crusade against data centers to be about the physical plant of the data centers at all, but about the disruptive technology they enable.

Especially interesting being when we did this in the 19th century it was about replacing a system of captive laborers who don't have rights with the labor of free citizens, and now it is reversed, where we are replacing citizen laborers with something you can own, and that does not have rights.

Quote: billryan

The S&P, as currently composed, is way overweight in momentum stocks.

The top ten stocks represent more than a third of its holdings..

that would mean that about 65% of the index is not in what you call "momentum stocks"; and the following professionals are saying they are not momentum stocks

from Dimensional Fund Advisors

"The "Magnificent Seven" (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) are fundamentally large-cap growth and mega-cap tech stocks, rather than pure momentum stocks by definition"

it's a completely different thing when you buy an index of stocks compared to picking out a few on your own

here are some qualifications for a stock to be in the S&P 500 which would not hold true for the vast majority of the hundreds of momentum stocks out there:

from Charles Schwarb:

"Market Capitalization: The unadjusted market capitalization must meet the current threshold (typically updated periodically, such as $22.7 billion or higher)."

from Equities Lab:

"Profitability: The sum of the most recent four consecutive quarters of GAAP earnings must be positive, and the most recent single quarter must also be positive."

from Investopedia:

"Liquidity and Trading Volume: The stock must demonstrate adequate trading activity, with a minimum number of shares traded (typically at least 250,000 shares in each of the previous six months) and an annual dollar value traded that meets or exceeds its market cap."

.

I'd suggest you take the time to read and digest what you just posted. it might put an end to these ridiculous arguments.

Do you know anything about the first fund you posted about? It's been likened to a cult by more than a few people.

Quote: AutomaticMonkey

Today that same thing is happening, as the Great Replacement is coming for the Cubicle Class and LLMs are now doing the jobs that many people have graduated deep in debt intending to do, and what do we expect the results of that to be? That's why I don't believe the crusade against data centers to be about the physical plant of the data centers at all, but about the disruptive technology they enable.
link to original post

'Microsoft offers voluntary buyouts to 60,000 employees as AI leads to efficiency push'

Quote: billryan

Do you know anything about the first fund you posted about? It's been likened to a cult by more than a few people

more cults?

re the Magnificent 7

"According to Boston Partners, the Magnificent 7 are classified as mega-cap, growth-oriented technology stocks that have largely lost their uniform momentum, rather than serving as an attractive momentum trade"

from Fidelity Investments:

"Official Classification: In its Fidelity Smart Money guide, Fidelity defines the group primarily by scale and growth characteristics rather than price momentum. They are characterized as large-cap tech and consumer growth companies with massive market capitalizations, global operations, and high valuations."

do you know anything about the ridiculous arguments you're posting about?

.