Donald I, emperor of the world.

[Psamathe]

There is absolutely no way Trump could walk 50 miles.

He could walk 150% of 50 miles (using Trǔmpomathics).

(I appreciate I'm something or a bore harping on about Trûmp and his failure to understand basic maths and %ages but I can't believe or understand how a (self-)acclaimed businessman can get anywhere without being able to work out basic %ages, beggars belief and either maybe he wasn't the business success he declares or maybe well progressed along age related cognitive decline or probably both?).

 

[First Aspect]

I was going to say that if he can walk 5 miles playing golf, there's zero difference.

 

[icowden]

(I appreciate I'm something or a bore harping on about Trûmp and his failure to understand basic maths and %ages but I can't believe or understand how a (self-)acclaimed businessman can get anywhere without being able to work out basic %ages, beggars belief and either maybe he wasn't the business success he declares or maybe well progressed along age related cognitive decline or probably both?).

If you are very rich, you employ other people to do that stuff.

He got $413 million from his dad. He was very good at setting up sham organisations to dodge taxes. It's estimated that Fred and Mary Trump dodged about $500m in taxes.

Trump's next wheeze was just to make up his net worth and overvalue assets to get loans and secure deals. The only real money he ever made was through the Apprentice. Everything else has been dodgy. His current wealth is the result of insider trading and from "donations" for favours or because he knows where bodies are buried. He was happy to be used by people as long as they stroked his ego and gave him money. An easy way for people to legitimise their own dodgy dealings.

 

[BoldonLad]

The key here is that because the markets are so high staying in will reap little gains whereas staying in too long can mean huge losses.
Everything depends on when you ultimately sell. Stay in for years and it’s just a temporary dip.
Unless you sell now and reinvest in something that’s going to rise. Hard to tell what that would be as both oil and gold are high.

Like I said, it is knowing WHEN is the trick. Index trackers often out perform “experts” over time.

 

[All uphill]

Like I said, it is knowing WHEN is the trick. Index trackers often out perform “experts” over time.

True.

I'm comfortable to wait a year or more and buy back in during a crash or adjustment. "When there is blood on the streets"

 

[Pblakeney]

Like I said, it is knowing WHEN is the trick. Index trackers often out perform “experts” over time.

The "trick" is to understand that there is no "trick". Selling the day before a crash is pure luck or insider trading.
The real "trick" is to be fluid enough to buy in when "there is blood on the streets". That is a slow moving target.

 

[All uphill]

The "trick" is to understand that there is no "trick". Selling the day before a crash is pure luck or insider trading.
The real "trick" is to be fluid enough to buy in when "there is blood on the streets". That is a slow moving target.

It takes a contrarian nature to buy when all the pundits are wailing and moaning.

Luckily for me, that's exactly the way I'm made.

 

[Psamathe]

True.

I'm comfortable to wait a year or more and buy back in during a crash or adjustment. "When there is blood on the streets"

Whilst I'm no pundit, I wonder if in part it depends on how much control you have over where your money is invested "in the markets".

eg I have some investments and earlier this year I decided to check how much (if any) was invested in AI companies as I felt that whilst they were probably not going to crash they were not going to make returns anywhere near the levels of investment and that many investors were not understanding what they were and more pouring in money for "Fear Of Missing Out".. Fund managers response ran to over a page of A4 but bottom line was that a year ago they'd decided that the US stocks were "unreliable" and had been slowly pulling out and were to only 8% in broad "US tech stocks" ie AI and more traditional technology (so I didn't bother to adjust my own investment funds).

 

[BoldonLad]

True.

I'm comfortable to wait a year or more and buy back in during a crash or adjustment. "When there is blood on the streets"

Yes, my gamble (or, reasoned assessment) is similar 😂