Domain: tiger-web1.srvr.media3.us Robinhood traders, led by el Presidente Dave Portnoy, beating hedge funds | Money Talk
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Robinhood traders, led by el Presidente Dave Portnoy, beating hedge funds

Posted on 6/23/20 at 1:10 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/23/20 at 1:10 pm
LINK



You hate to see it for the suits, but portnoy wins again.

Airlines and cruises are taking us to the promised land.

In all seriousness, here's an article with Goldman saying retail investors are beating hedgefunds by 15% since the market bottom.

LINK
Posted by CatfishJohn
Member since Jun 2020
19473 posts
Posted on 6/23/20 at 1:12 pm to
quote:

In all seriousness, here's an article with Goldman saying retail investors are beating hedgefunds by 15% since the market bottom.


I'm one of these retail investors that has crushed it (with small amounts relatively), but it is because of a combination of luck and risky speculation.

These hedge funds play the fundamentals and in the long run, they will easily win out.

Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/23/20 at 1:14 pm to
quote:

I'm one of these retail investors that has crushed it (with small amounts relatively)


I think this is a lot of it. Lots of guys are saying screw it I can't do anything else, ill throw a couple grand in the market.

If they were trading their 401k I'd bet they'd be a lot more conservative.
Posted by truthbetold
Member since Aug 2008
7637 posts
Posted on 6/23/20 at 1:14 pm to
Arbitrary endpoints and small sample sizes are fun, aren't they.
Posted by CatfishJohn
Member since Jun 2020
19473 posts
Posted on 6/23/20 at 1:17 pm to
quote:

I think this is a lot of it. Lots of guys are saying screw it I can't do anything else, ill throw a couple grand in the market.

If they were trading their 401k I'd bet they'd be a lot more conservative.


Exactly. My 10 grand in my brokerage account has been put on risky ETFs and day traded.

Long term degradation and market fluctuations would destroy my profits most likely. The market is crazy over inflated from speculation.

But I do thanks JETS for paying for new patio furniture

Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 6/23/20 at 1:17 pm to
Hedge funds hedge.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/23/20 at 1:18 pm to
quote:

Hedge funds hedge.



And shooters shoot playa
Posted by kengel2
Team Gun
Member since Mar 2004
33658 posts
Posted on 6/23/20 at 1:18 pm to
quote:

Airlines and cruises are taking us to the promised land.



I made money on spirit airlines, but for the most part these suck right now.
Posted by GreatLakesTiger24
Member since May 2012
59607 posts
Posted on 6/23/20 at 1:19 pm to
$AAL
$CCL
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 6/23/20 at 1:25 pm to
NEM in for the day trader.

Done played it twice and looking for a third for today.
Posted by Privateer 2007
Member since Jan 2020
7951 posts
Posted on 6/23/20 at 1:25 pm to
I worry we are in a bubble.
People are buying stocks just based upon the value rising (momentum trading). They're doing this often with borrowed funds (had no idea many of these platforms enable margin trading).
Posted by AUCE05
Member since Dec 2009
45240 posts
Posted on 6/23/20 at 1:26 pm to
Lulz. Those RH investors beating the market are sharks feeding on the inexperienced traders. Tread carefully if you enter those waters.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 6/23/20 at 1:39 pm to
I certainly have outperformed and took some profits off the table to pay down debt before the market noticed and hammered my good fortune. I was doing WAY too well for my level of expertise.
This post was edited on 6/23/20 at 1:40 pm
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 6/23/20 at 2:06 pm to
yup my team is very skilled..hedge funds can not compete with us. a lot of people trying to join our trading army
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 6/23/20 at 2:10 pm to
quote:

These hedge funds play the fundamentals


lmao. "fundamentals" cant believe ppl still buy into that nonsense
Posted by Tigerfan56
Member since May 2010
10526 posts
Posted on 6/23/20 at 2:13 pm to
quote:

think this is a lot of it. Lots of guys are saying screw it I can't do anything else, ill throw a couple grand in the market. If they were trading their 401k I'd bet they'd be a lot more conservative.


Raises hand. This is me to a tee

Haven’t changed anything in my retirement accounts. I had $13,000 in cash saved up for our next home purchase. Said F it and threw it into the market end of March, heavily in retail stocks that I knew were volatile and wouldn’t frick around with if it was retirement. Up 59% to date so far through swing trading those stocks.

ETA: I'm also fortunate enough to know I am a product of timing and circumstance. In no way am I arrogant enough to think I am the next Buffett and that my strategy is sustainable for beating the market.
This post was edited on 6/23/20 at 2:18 pm
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 6/23/20 at 2:18 pm to
Up 40% thanks to Penn, XOM, CIM, among others and I started with a smaller position than a lot of people.
Posted by LSU Tigershark
10,000 posts
Member since Dec 2007
10568 posts
Posted on 6/23/20 at 3:46 pm to
I'm up 229% in the last 6 weeks. Feels good. I like TD Ameritrade
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
137038 posts
Posted on 6/23/20 at 4:17 pm to
quote:

In all seriousness, here's an article with Goldman saying retail investors are beating hedgefunds by 15% since the market bottom.
Odd take, especially for Goldman.
Granted, it's no secret after-cost ROI in 2/20 structured funds struggled in the recent decade.

Regardless though, the whole point of a hedge is to take a bit off the top to protect against downside risk. So hedged performance ascent comparisons artificially originating from an absolute nadir would never be expected to outperform nonhedged accounts.

Why not measure ROI on the year rather than from the bottom?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
137038 posts
Posted on 6/23/20 at 4:28 pm to
As one would expect, it appears HFRI Composite indices outperformed the S&P ~ 2.5-fold thru the end of March.
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