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@Epi I have a question: What would your strategy be if you were starting over in your early 20s? Would you allocate 50% to 3xGTAA and 50% to Gold BH and World Momentum? Or would you stick completely to your model? A long-term investment horizon can make up for a lot, and you’d definitely miss out on some gains with that defensive 50%. The security you need as you get older isn’t really necessary when you’re 20.
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@Darkwingduck Well, that’s a tough question. What knowledge would I have to start with again as a 20-year-old?
With all the knowledge I have today, I’d leverage and short market cycles as much as possible—ideally using warrants—since I know roughly when the highs and lows will occur.
Without any of my current knowledge, I’d just start over exactly as I actually did and learn the way I learned.
Neither of those is probably what you wanted to know. So: what knowledge would you grant my 20-year-old self?
With all the knowledge I have today, I’d leverage and short market cycles as much as possible—ideally using warrants—since I know roughly when the highs and lows will occur.
Without any of my current knowledge, I’d just start over exactly as I actually did and learn the way I learned.
Neither of those is probably what you wanted to know. So: what knowledge would you grant my 20-year-old self?
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@Epi Good answer. I'm happy to acknowledge your current knowledge. However, I won't let you push the timeline back. So I'm also granting you a little rejuvenation treatment🤓
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@Darkwingduck Oh, you mean just being 20 again today? So basically, you want to know what I’d recommend to someone who’s 20 today?
All right: I think I’d recommend that he look into rule-based momentum investing. With all the trimmings (criticism of the EMH, behavioral finance, momentum research, backtesting, portfolio management). At the same time, I’d recommend that they develop their own multi-asset momentum leveraged ETF strategy, implement it early on, and in the meantime understand why momentum has the best risk-reward profile in the long run.
And finally, I’d tell him that, in the long run, the two most important financial decisions are his own education and his choice of spouse. Compared to those, everything else mentioned above is negligible. 👍
All right: I think I’d recommend that he look into rule-based momentum investing. With all the trimmings (criticism of the EMH, behavioral finance, momentum research, backtesting, portfolio management). At the same time, I’d recommend that they develop their own multi-asset momentum leveraged ETF strategy, implement it early on, and in the meantime understand why momentum has the best risk-reward profile in the long run.
And finally, I’d tell him that, in the long run, the two most important financial decisions are his own education and his choice of spouse. Compared to those, everything else mentioned above is negligible. 👍
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@Epi Thank you! I think education is an issue that deserves a lot more attention right now. Unfortunately, there isn't much you can backtest in that area🤓
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