I retired very early 26 years ago because of the ideas generated on this board, so want to thank everyone. Unlike other people I don’t market time and I trade weekly. Go MI board!
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I retired very early 26 years ago because of the ideas generated on this board, so want to thank everyone. Unlike other people I don’t market time and I trade weekly. Go MI board!
I retired 22 years ago for the same reason, and took a part time job with TMF for a while, working from home. I’m grateful too. It’s amazing that we’re still here after all this time.
Elan
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To me, there seems to be a disconnect. First, I have gotten a lot out of this board. I have learned a lot, and made a lot of money by switching from traditional bonds, to preferred stocks, and made some money doing sector rotation.
Here is the disconnect. My understanding is the board did really good in the late 90s, but then got crushed in the tech. crash of 2000. At that point, people started to incorporate value into the screens. That worked for a while, but for whatever reason, that too stopped working, so overall, people did about the same as buying spy.
Do I have it wrong?
1 Like
Many canned screens stopped beating the market.
I wasn’t using them.
I viewed the board as a place to gather ideas about backtesting. It all began with the Dows of the Dog for me, and I didn’t use that screen, either. It was the concept of mechanical investing that mattered for me.
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Mark, it’s been explained before. Yes, the growth screens did unbelievably well in the late 90s. And no, the screens and this community didn’t fail 22 years ago.
The bottom line is the big money has become a lot bigger in the last 12 years backstopped by the Fed, and focused on big/megacap growth stocks - not the universe of the stocks in these SIPro screens. And VL’s rating system became irrelevant years ago.
What has disappeared is new screen development and factor innovation. Because it’s hard. And now, with the advent of Robinhood et al, and hundreds of paid services that weren’t there 20 years ago, people have easy ways to trade hot stocks without having to think about why they’re going up, or do difficult work.
3 Likes
Many canned screens stopped beating the market.
I wasn’t using them.
I viewed the board as a place to gather ideas about backtesting. It all began with the Dows of the Dog for me, and I didn’t use that screen, either. It was the concept of mechanical investing that mattered for me.
I am glad you have done so well. You worked very hard on this, and deserve success.