The Lost Decade Average Season: 74-88
2014-22 Average Season: 71-91
I put all my money in frozen concentrated orange juice futures. Got a feeling about this crop report....
Raisor (12-08-2017),Redsfaithful (12-08-2017),wolfboy (12-15-2017),WrongVerb (12-08-2017)
To make a living? Yes. To actually come out ahead versus the electricity charge? No.
Unless things have changed dramatically in the last week, my system would generate, roughly $45 of profit per month when factoring in electricity costs.
Of course, mining other cryptocoins may be better at this point in time.
That's not the point. Of course it's far more profitable to go in a different route than my setup. The point was that my setup can actually turn a profit right now. Not a big one at all, and the break even point to pay it off is about 225 days (including electricity).
Sure it is. But it's also just a flat guess if those tilts will over-perform.
The portfolio I referenced above in my very first quote was a Bill Bernstein portfolio earmarked toward absolute newbies, which Doug indicated he was. I don't follow those exact allocations myself (though I'm close). But if someone doesn't know what they're doing that's an easy way to beat 90 percent of investors while knowing nothing and spending about 15 minutes per year managing things.
The Lost Decade Average Season: 74-88
2014-22 Average Season: 71-91
Isn't that what has happened year in, year out (most of the time, at least), for quite a while?
Imo, there is more than one way to do better than most, even if you're a 'newbie' and if you don't want to spend a lot of time on it. Your way is one way which WILL do better than most (just like kaldaniels and his approach, and mine, and so on and so on . . . (There's almost always more than one way to get things done)
What's most important is that people actually do SOMETHING (the biggest problem that people have made, including myself, is neglect).
Last edited by redsfandan; 12-08-2017 at 10:08 PM.
Got an email from Coinbase (I had no idea I still had an account) basically saying when it crashes don't expect to be able to trade out on their platform immediately.
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
I got it at 7 PM.
Bud Selig: "I'm the worst commissioner ever"
Rob Manfred: "Hold my beer"
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