Journal to portfolio afterlife

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Sometimes we look at an indicator and just say, "Whoa". That was out reaction this morning when we saw the latest sentiment survey from the American Association of Individual Investors (AAII). After dropping to an already depressed level of 24.7% last week, this week's reading plummeted to 15.8%. To find a lower reading you have to go back even further than Greg Norman's collapse at the Masters. The last time there were fewer bullish investors in the AAII survey was in September 1992 when Boyz II Men topped the charts with "End of the Road". While the period from 1992 through 1994 wasn't the best time period for the stock market, it certainly wasn't the end of the road either.

Bespoke Interactive

www.bespokepremium.com

 

[portfolioafterlife]

George Costanza At It Again: The Leveraged ETF Episode Elm Wealth

Elm: making sense of your wealth. Take the guesswork out of wealth management with our sensible-yet-sophisticated approach to investing.

elmwealth.com

 

[portfolioafterlife]

The Disruption of Stability

Crypto, housing, Zoltan, dollar dominance, and of course, Elon Musk

kyla.substack.com

 

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Charles Schwab

www.schwab.com

 

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[portfolioafterlife]

Unfortunately, uncertainty prevails when it comes to forecasting the economy and interest rates. If active managers were able to forecast accurately, they would be generating persistent outperformance. However, the evidence suggests they have been unable to time markets well. Thus, smart investors don’t try to time markets. They recognize that risks will show up from time to time, and they build an investment strategy that allows them to live through them with equanimity, avoiding panicked selling during tough times. That means taking no more risk than you have the ability, willingness or need to take. In doing so, instead of panic selling, you can rebalance, buying what has done poorly at now lower valuations and higher expected returns.

https://www.advisorperspectives.com/articles/2022/04/18/stock-and-bond-valuations-are-a-warning-to-investors

 

[portfolioafterlife]