There has been some recent discussion about ‘James Altucher’s Top 1% Advisory Report’, which purportedly grants its subscribers access to the same lucrative investments ‘elite’ investors use. Top 1% Advisory, a hugely popular new research letter Each month, multimillionaire investor James Altucher shows you how to make 100% to 500% gains… on the best ideas… Continue reading James Altucher’s Top 1% Advisory Report Review (Don’t Bother)
Tag: finance
Does algorithmic trading work?
There has been a lot of discussion (such as on Reddit, Quora, Hacker News, and other communities) about quantitative/algorithmic trading: Does algorithmic trading really work for individual traders? Isn’t it just another seemingly sophisticated method like technical analysis? Does algorithmic trading really work? What are the potential gains and limitations? What kind of return can… Continue reading Does algorithmic trading work?
Economics Misconceptions, Part 2
From James Altucher: FINANCIAL FRIDAYS: WHY TODAY IS THE DAY YOU HAVE TO REINVENT YOURSELF It’s going to be a shitstorm and I hope I have my umbrella. For the financial elite, it’s the best of times. For everyone else, maybe not so much, but by many metrics, living standards have improved. Never before has… Continue reading Economics Misconceptions, Part 2
The FOMO Stock Market
Form The Reformed Broker: Why Bull Markets Make Everyone Miserable There’s also performance envy, fear of missing out (FOMO) and a whole litany of cognitive issues revolving around whether or not each of us has received our fair share of the bull market. Spoiler alert: No one thinks they have, regardless of how much they’ve… Continue reading The FOMO Stock Market
Evidence of Bubbles and other ‘Anomalies’ Does Not Disprove the Efficient Market Hypothesis
Are markets efficient? The mere suggestion that markets are mostly efficient is sufficient to elicit an emotional rebuke: ‘Doesn’t 2008 disprove the efficient market hypothesis (EMH)?’ No it doesn’t, actually, and to say it does represents a common misunderstanding about the EMH. For years, I have defended the EMH: Defending the EMH Defending Rational Markets… Continue reading Evidence of Bubbles and other ‘Anomalies’ Does Not Disprove the Efficient Market Hypothesis
Gnon Index (turning $10k into $95k)
Amazon, Facebook, and Google stock individually have far out-paced the S&P 500 since Jan. 2013: And when combined (each weighted 33% in the portfolio and re-balanced annually), is up over 200% vs. just 60% for the S&P 500: Investing $10,000 and using 3-1 leverage such as by using options would have turned into $95,000 in… Continue reading Gnon Index (turning $10k into $95k)
Airbnb Files to Raise $850 Million at $30 Billion Valuation
Look like I’m right right again: Airbnb Files to Raise $850 Million at $30 Billion Valuation: Airbnb has been restrained about how much capital it takes on compared with ride-sharing company Uber Technologies Inc., which has raised more than $15 billion in equity and debt. Airbnb and Uber are often discussed together because they were… Continue reading Airbnb Files to Raise $850 Million at $30 Billion Valuation
Right Again: Tech Companies Keep Posting Blowout Earnings
Over and over again, I keep being right. In mid-2015, in the article Why the Web 2.0/Tech 2.0 ‘Bubble’ Refuses to Burst, I wrote: But I am pessimistic about the hardware unicorns (Fitbit, Skullcandy, GoPro, Jawbone) as opposed to the app/website ones, so It’s not like I am emphatically bullish about everything, and these hardware… Continue reading Right Again: Tech Companies Keep Posting Blowout Earnings
Post-2008 Wealth Creation: A Guide, Part 5
Edit: Part 3 contained a mistake in the integration that has been fixed Part 4 discusses the allocation and the past performance of the strategy. In the fifth and final section, I’ll show how to place the orders. To recap, the the method involves using 50% of the capital to short TMV and the other… Continue reading Post-2008 Wealth Creation: A Guide, Part 5
Post-2008 Wealth Creation: A Guide, Part 4
This is the penultimate installment of the post-2008 wealth creation guide. In part three, I discussed shorting inverse leveraged funds like SPXU and SPXS, which are 3x inverse versions of the S&P 500. As of 7/20/2016, SPXU is trading at 23.50. Shorting $10,000 worth would require shorting 425 shares. If it drops 20% to $18.8,… Continue reading Post-2008 Wealth Creation: A Guide, Part 4