Trader leaves financial turd on news anchors desk
- Thread starter nobbie48
- Start date
Just because he's saying exactly what tickles your ear, doesn't make him right.
http://www.telegraph.co.uk/finance/...tani-Im-an-attention-seeker-not-a-trader.html
http://www.forbes.com/sites/emilyla...rankster-we-called-alessio-rastani-and-asked/
http://www.telegraph.co.uk/finance/...tani-Im-an-attention-seeker-not-a-trader.html
http://www.forbes.com/sites/emilyla...rankster-we-called-alessio-rastani-and-asked/
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Some interesting bits in the Forbes interview. In my books he shoots himself down when he talks timing.
What I find interesting is the "Who controls" scenario and with the markets fishtailing like a car on ice one does wonder if whoever is behind the wheel can regain control before they hit the ditch.
What I find interesting is the "Who controls" scenario and with the markets fishtailing like a car on ice one does wonder if whoever is behind the wheel can regain control before they hit the ditch.
Interesting read. His investment philosophy seems to be based on the notion that there is only one strategy that should be used in all perpetuity. Inevitably then, his strategy is diversity. What I want to know is where to put my money to minimize loss in the face of another recession. Then when that storm passes I will move it elsewhere. From what I can tell, the best bet given those goals would be a so-called high-interest savings account... for a few years.
A high interest account is about 1.5%. All the govs say to keep it low to stimulate the economy.
You're HIS account is at 1.5%. Inflation (most recently calculated) is 3.1%.
Saving your money, in the traditional sense, has you losing out as you're not even keeping up with inflation.
A properly diversified portfolio, over the same time frame (5yrs), will yield 6-7%.
Marathon, not sprint.
I am the last person to ask about money and what to do with it, but now that I actually have some $ to play around with, I'm at least trying to get as informed as possible. Best advice so far, came from my old man: "you should be closer and more open with your financial advisor, than you are with your brother"
Ymmv.
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Saving your money, in the traditional sense, has you losing out as you're not even keeping up with inflation.
A properly diversified portfolio, over the same time frame (5yrs), will yield 6-7%.
Marathon, not sprint.
I am the last person to ask about money and what to do with it, but now that I actually have some $ to play around with, I'm at least trying to get as informed as possible. Best advice so far, came from my old man: "you should be closer and more open with your financial advisor, than you are with your brother"
Ymmv.
Sent from my ZX6-R using Premium Unleaded
Historically, sure. But this guy is foretelling a possible deflationary recession, so in light of that the best performance I think I could get is to PIITB, even at 0.0%!
