Quote:
Originally Posted by stomachmonkey
I disagree, vehemently.
My portfolio and risk profile is conservative.
One can make a nice return if one knows what one is doing.
With the markets I don’t so i hire smarter people than me.
Sammy and i don’t see eye to eye on a lot, if anything really, but he’s also someone i consider one of the more intelligent on the board, even if he’s wrong about most things we disagree on, so i have little doubt he knows what he is doing.
And no i’m not taking shots at him, i’m sure (i hope) he’d say the same about me and the areas where i know my poo.
|
If what I posted was taken as a pot shot at Sammy all I can say is it wasn't.
Now of course it would be nice to be able to hand over the portfolio to someone and say, go manage it. As Bill noted the good ones are out there but sadly connecting with them is the difficult part. Like hunting for unicorns lol.
In a portfolio there is typically a sizable portion that is making nothing or next to nothing. There may also be real estate which makes something but no where near the 30-40% return say over 1.5 years. Then there is the portion of the portfolio associated with equities (stocks, funds/etfs, options et al.). My point is, in order for the
portfolio to have a 30-40% return in say 1.5 years, it's got to be coming from the portion associated with equities. That being the case, and further that not comprising 100% of the portfolio or anywhere near 100%, well, I'll let one do the math as to what returns need to be generated from the portion associated with equities so that the
portfolio has a 30-40% return over say 1.5 years. I'm not saying it can't be done, I'm saying is such is done but with elevated risk. Makes my tiny little balls twitch.