Wow...tomorrow's really going to suck when I walk into work.

[Grumpy Old Man]

Private equity has been killer the last few months. My guys are whales that are diversifying and getting out of the market (most of them in Nov last year when oil started to go nuts. They have been buying real estate to hold and doing our throwing money at us. (local WISP expanding rapidly)

The guys that were really hurt are the ones that had all their eggs in one basket so I am told. My stuff is fine cause I lost it all 2 years ago so I started from scratch and have been ultra conservative. Damn I know how all this feels trying to make a living when everyone wants to buy what I don't have to sell.


^^^
ps I have a big house it has appreciated 3.5% the first quarter and 4.8% this quarter. Love big rooms.... Texas RE in most areas has rocked.

 

[75th]

Is it just me or isn't it better to put in stocks right now for when the market returns to it's previous gains? Sure, it looks bad now but statistically it always comes back.

Now is probably a good time to buy though, weather the storm and come out high later on in life.

As long as you have at least 10-12 months to let it sit I would say definately.

 

[75th]

Private equity has been killer the last few months. My guys are whales that are diversifying and getting out of the market (most of them in Nov last year when oil started to go nuts. They have been buying real estate to hold and doing our throwing money at us. (local WISP expanding rapidly)

The guys that were really hurt are the ones that had all their eggs in one basket so I am told. My stuff is fine cause I lost it all 2 years ago so I started from scratch and have been ultra conservative. Damn I know how all this feels trying to make a living when everyone wants to buy what I don't have to sell.


^^^
ps I have a big house it has appreciated 3.5% the first quarter and 4.8% this quarter. Love big rooms.... Texas RE in most areas has rocked.

PE seems interesting. Im sitting for level 1 of my CFA in December. May want to move into either that or Portfolio Management.

If I pass all three levels, that is.

 

[EnderJE]

As long as you have at least 10-12 months to let it sit I would say definately.

That's what I don't get. I couldn't predict what the weather is like tomorrow, much less what the stock market is going to do in a year. Me? I got my money tied up for 5 - 10 years for the investments and for 30d / 60d for emergencies.

I guess I'm not that much of a risk taker.

 

[75th]

That's what I don't get. I couldn't predict what the weather is like tomorrow, much less what the stock market is going to do in a year. Me? I got my money tied up for 5 - 10 years for the investments and for 30d / 60d for emergencies.

I guess I'm not that much of a risk taker.

Average bear market lasts 16-18 months. Were in month 13. Its not going to last forever.

 

[Grumpy Old Man]

PE seems interesting. Im sitting for level 1 of my CFA in December. May want to move into either that or Portfolio Management.

If I pass all three levels, that is.

I doubt you will have any problems doing that. PE is a great place to spend your time. These guys get it and they don't try to run the show. They say, ok here is 250k call me when you know something.

 

[Beaverscratch]

Most of my clients are, but when the markets down 300 points unless you are in 100% individual bonds theres really nowhere to hide.

Plus Ill have to spend 3/4 of my day calling all of my clients explaining whats going on.

I hear ya on that! At least you are a proactive advisor. call them before they even think about calling you and they will be yours forever...Or until you get so big you have to fire them because you now have a new account minimum policy.

Do you read Nick Murray?

 

[Beaverscratch]

Indeed. At the same time the younger folk want to be in a good position when the upswing happens.

Im setting up a SMA tomorrow for a early 30's guy with $500k who wants 100% equity. His idea.

Sounds like the guy knows his shit! We are coming closer and closer to a bottom. In his early 30s he has a long time to recover. That is one you mark "unsolicited!" for sho!

 

[Beaverscratch]

PE seems interesting. Im sitting for level 1 of my CFA in December. May want to move into either that or Portfolio Management.

If I pass all three levels, that is.

Please forgive my ignorance..What is the CFA? a CFP for someone who cant make the newly mandated CFP Bachelor Degree requirements?

You sell any annuities? What do you think of the living benefits, GMIBs, GWB's and such?

Where did you get the "13 months" of bear? Oct was the highest of highs, that would make it approx 11 months deep would it not?

 

[Grumpy Old Man]

Sounds like the guy knows his shit! We are coming closer and closer to a bottom. In his early 30s he has a long time to recover. That is one you mark "unsolicited!" for sho!

Sounds like someone that has no clue. Who are you anyway?