gmbhardy Posted December 31, 2022 #51 Share Posted December 31, 2022 3 hours ago, dolfan1980 said: Does anyone Canadian know if they get $100 US OBC? Hopefully that is the case. Yes, for a seven day cruise. Link to comment Share on other sites More sharing options...
SleeStack1 Posted December 31, 2022 #52 Share Posted December 31, 2022 (edited) 10 hours ago, Cruise5life said: Spit it out. What’s your point of this back and forth ? I presume its general disdain for anyone trying to time the market which almost never works in the long run. I wouldn't take it as a personal attack...more a warning to newbies who might not be able to afford the strategy. To those that can afford to gamble and enjoy it, have at it! Edited December 31, 2022 by SleeStack1 1 Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted December 31, 2022 #53 Share Posted December 31, 2022 1 hour ago, SleeStack1 said: I presume its general disdain for anyone trying to time the market which almost never works in the long run. I wouldn't take it as a personal attack...more a warning to newbies who might not be able to afford the strategy. To those that can afford to gamble and enjoy it, have at it! Yep. You explained it better than I would have. 😎 I didn't answer the question because it would be like a Ford truck owner trying to explain to the Chevy truck owner why his choices are wrong. Or, more relevant to this sub-forum, why Coke is not the better strategy. I do miss the good Casino threads that come up from time to time. 🤣 Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #54 Share Posted June 7, 2023 I'm happy I finally did this. I bought 200 shares of nclh last November for around $11.40 and now have $100 obc for my upcoming Joy sailing. It doesn't hurt that nclh hit $17 today but I'll hold these shares so I continue to get the obc for future cruises. 2 Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #55 Share Posted June 7, 2023 36 minutes ago, bkrickles1 said: I'm happy I finally did this. I bought 200 shares of nclh last November for around $11.40 and now have $100 obc for my upcoming Joy sailing. It doesn't hurt that nclh hit $17 today but I'll hold these shares so I continue to get the obc for future cruises. You could sell 100 of the shares and still get OBC for future cruises. 1 Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #56 Share Posted June 7, 2023 7 minutes ago, ChiefMateJRK said: You could sell 100 of the shares and still get OBC for future cruises. I know that. I bought 200 because it was so cheap and knew I wouldn't lose $$. Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #57 Share Posted June 7, 2023 I've known people who bought individual stocks because "they were so cheap and they knew they wouldn't lose $$$." It doesn't always work that way. To each their own. As I've posted, I own 100 shares simply because of the shareholder OBC benefit and I would never otherwise buy individual shares of any company, especially one with the significant financial challenges of the cruise industry. Last I checked I'm actually up a few bucks on my 100 shares, but that's just noise. 😎 Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #58 Share Posted June 7, 2023 4 minutes ago, ChiefMateJRK said: I've known people who bought individual stocks because "they were so cheap and they knew they wouldn't lose $$$." It doesn't always work that way. To each their own. As I've posted, I own 100 shares simply because of the shareholder OBC benefit and I would never otherwise buy individual shares of any company, especially one with the significant financial challenges of the cruise industry. Last I checked I'm actually up a few bucks on my 100 shares, but that's just noise. 😎 I've worked as a financial advisor for 30 years, so I'm aware that "it doesn't always work that way". With that being said, I purchased shares in a company that is under some duress and does face significant financial challenges, but I purchased those shares at very close to it's all time low and short of NCL going out of business, it will be nearly impossible for me to lose money in this very small investment. At $11.36 nclh was a solid investment opportunity and it got me $100 obc. I believe I've won on both fronts!! 1 Link to comment Share on other sites More sharing options...
MagnoliaBlossom Posted June 7, 2023 #59 Share Posted June 7, 2023 The beauty of stockholder benefit is, it’s the gift that just keeps on giving. I bought it at its low point, and have thus far used it on six cruises, so I’ve already recouped a great deal of my expenditure, and I still have the original investment plus a few bucks. So, in its own way,it is the proverbial goose that laid the golden egg. 5 Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #60 Share Posted June 7, 2023 1 hour ago, bkrickles1 said: I've worked as a financial advisor for 30 years, so I'm aware that "it doesn't always work that way". With that being said, I purchased shares in a company that is under some duress and does face significant financial challenges, but I purchased those shares at very close to it's all time low and short of NCL going out of business, it will be nearly impossible for me to lose money in this very small investment. At $11.36 nclh was a solid investment opportunity and it got me $100 obc. I believe I've won on both fronts!! Thanks. Go with what works for you! I'm a FA's worst nightmare (i.e. a passive index investor). 🤣 Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #61 Share Posted June 7, 2023 42 minutes ago, ChiefMateJRK said: Thanks. Go with what works for you! I'm a FA's worst nightmare (i.e. a passive index investor). 🤣 I'm guessing you don't understand what a FA does or how they get paid because that makes zero sense. And, what works for me, works for the majority of investors. 1 Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #62 Share Posted June 7, 2023 3 minutes ago, bkrickles1 said: I'm guessing you don't understand what a FA does or how they get paid because that makes zero sense. And, what works for me, works for the majority of investors. Yes, I can assure you that I 100% understand what an FA does and what people pay for it. Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #63 Share Posted June 7, 2023 47 minutes ago, ChiefMateJRK said: Yes, I can assure you that I 100% understand what an FA does and what people pay for it. Apparently not, if you consider a passive index investor a FA's worst nightmare. As I said, that makes zero sense. Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #64 Share Posted June 7, 2023 20 minutes ago, bkrickles1 said: Apparently not, if you consider a passive index investor a FA's worst nightmare. As I said, that makes zero sense. Granted, some FAs might just take the AUM fee and invest in low cost (e.g. index) funds. Those would be the better ones. They likely claim that the added value is through expert advice on such things as asset allocation strategies, rebalancing strategies, safe withdrawal strategies, Roth conversion strategies (rare, because they tend to reduce the assets in the AUM), long term tax strategies, etc. The worse ones are the ones who take the fee and then also invest in actively managed funds with high ERs along with a (un)healthy level of churning. The absolute worst ones are those who claim to know more than the market and are able to pick the winners (which brings us back on topic). I will readily acknowledge that I am a B@%$&h#$d and have zero use for a paid FA. I've been in position to receive totally free advice a few times, and that was largely worth what I paid for it (although a second set of educated eyes is always worthwhile).😎 Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #65 Share Posted June 7, 2023 36 minutes ago, ChiefMateJRK said: Granted, some FAs might just take the AUM fee and invest in low cost (e.g. index) funds. Those would be the better ones. They likely claim that the added value is through expert advice on such things as asset allocation strategies, rebalancing strategies, safe withdrawal strategies, Roth conversion strategies (rare, because they tend to reduce the assets in the AUM), long term tax strategies, etc. The worse ones are the ones who take the fee and then also invest in actively managed funds with high ERs along with a (un)healthy level of churning. The absolute worst ones are those who claim to know more than the market and are able to pick the winners (which brings us back on topic). I will readily acknowledge that I am a B@%$&h#$d and have zero use for a paid FA. I've been in position to receive totally free advice a few times, and that was largely worth what I paid for it (although a second set of educated eyes is always worthwhile).😎 Lmao 😂! You're hysterical! Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #66 Share Posted June 7, 2023 8 minutes ago, bkrickles1 said: Lmao 😂! You're hysterical! Hysterically accurate. 😎 Link to comment Share on other sites More sharing options...
RocketMan275 Posted June 7, 2023 #67 Share Posted June 7, 2023 43 minutes ago, ChiefMateJRK said: Granted, some FAs might just take the AUM fee and invest in low cost (e.g. index) funds. Those would be the better ones. They likely claim that the added value is through expert advice on such things as asset allocation strategies, rebalancing strategies, safe withdrawal strategies, Roth conversion strategies (rare, because they tend to reduce the assets in the AUM), long term tax strategies, etc. The worse ones are the ones who take the fee and then also invest in actively managed funds with high ERs along with a (un)healthy level of churning. The absolute worst ones are those who claim to know more than the market and are able to pick the winners (which brings us back on topic). I will readily acknowledge that I am a B@%$&h#$d and have zero use for a paid FA. I've been in position to receive totally free advice a few times, and that was largely worth what I paid for it (although a second set of educated eyes is always worthwhile).😎 What's the difference between a financial advisor and a fiduciary? A fiduciary financial advisor makes investment decisions with your best interest in mind, while a financial advisor who isn't a fiduciary may recommend products for which they receive a commission or other form of payment. I've done quite well in managing my own assets using mostly low cost index funds. I'm a great believer in Bogle. His book, "Bogle On Mutual Funds" and Malkiel's "A Random Walk Down Wall Street" pretty much tell you all you need to know about investing. I tried a FA once and it appeared that all he did was scatter money across a wide range of actively managed funds. However, as I'm well into my retirement years, I've switched from index funds to predominately high quality corporate bonds. Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #68 Share Posted June 7, 2023 12 minutes ago, RocketMan275 said: What's the difference between a financial advisor and a fiduciary? Nothing. It's marketing and political rhetoric. Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #69 Share Posted June 7, 2023 14 minutes ago, RocketMan275 said: I've switched from index funds to predominately high quality corporate bonds. Many own a diversified portfolio of investment grade bonds in a total bond index fund. I prefer individual treasuries myself. Glad to hear that you understand who Bogle is and how much he has helped us average Joe's. Link to comment Share on other sites More sharing options...
bkrickles1 Posted June 7, 2023 #70 Share Posted June 7, 2023 7 minutes ago, ChiefMateJRK said: Hysterically accurate. 😎 So you say. It must be incredibly tedious always being the smartest person in the room and always getting in the last word. And this all stems from you knocking a very popular investment strategy of buying low on distressed stocks. 2 1 Link to comment Share on other sites More sharing options...
RocketMan275 Posted June 7, 2023 #71 Share Posted June 7, 2023 3 minutes ago, ChiefMateJRK said: Many own a diversified portfolio of investment grade bonds in a total bond index fund. I prefer individual treasuries myself. Glad to hear that you understand who Bogle is and how much he has helped us average Joe's. I avoid bond index funds as I would the plague. Investing in bond funds isn't the same as investing in bonds. I was pretty much in index stock funds. When the fed started raising rates, I went into cash. Now that it appears the rates have reached their peak, I've taken the opportunity to lock in some very attractive rates in a six year ladder. Link to comment Share on other sites More sharing options...
RocketMan275 Posted June 7, 2023 #72 Share Posted June 7, 2023 5 minutes ago, bkrickles1 said: So you say. It must be incredibly tedious always being the smartest person in the room and always getting in the last word. And this all stems from you knocking a very popular investment strategy of buying low on distressed stocks. Have you heard the cliche about trying to catch a falling knife? Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #73 Share Posted June 7, 2023 3 minutes ago, bkrickles1 said: It must be incredibly tedious always being the smartest person in the room and always getting in the last word. Right back at you. 3 minutes ago, bkrickles1 said: And this all stems from you knocking a very popular investment strategy of buying low on distressed stocks. Popular doesn't equal smart. To quote Bogle "Nobody knows nothing." That includes when a stock is "low" or "high." Nobody knows more than the rest of the market (other than insiders, and they risk going to jail.) I offer my wisdom only for the benefit of the casual readers/investors who might start to think that buying more than 100 shares of NCL stock is "smart." Just buy the 100 shares that pays a $100 tax free dividend on every cruise and enjoy your cruise.😎 That's what this thread is all about! Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #74 Share Posted June 7, 2023 1 minute ago, RocketMan275 said: Have you heard the cliche about trying to catch a falling knife? Abolutely! Thanks for reminding me. While often used to describe the entire market, it certainly applies to this discussion about "buying low." Link to comment Share on other sites More sharing options...
ChiefMateJRK Posted June 7, 2023 #75 Share Posted June 7, 2023 3 minutes ago, RocketMan275 said: I avoid bond index funds as I would the plague. Investing in bond funds isn't the same as investing in bonds. While I'm not on the side of the fence that avoids bond funds (primarily because they can't force holding to maturity and/or control duration), as I mentioned, I prefer individual treasuries (in my case bought at auction and held to maturity in a ten year ladder). Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now