The Dangers of Market Timing

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Anybody who predicted I think the NASDAQ is up the most it's been up in the first six months of the year since something like 1983. The people that missed this kind of rally which was over six percent in just June are the ones that are going to underperform the market. Typical classic amateur hour for somebody to have changed their allocations to go more to cash, take money out of stocks and then turn around and watch the stock market climb nearly seven percent in a month. If you miss things like that, you're going to have a portfolio that underperforms its own holdings. And we all know better than that, don't we? Ha ha ha ha haha ha

In this episode we answer emails from Thurston Howell VI, MyContactInfo and Keith. We discuss DBMF and managed futures funds generally, my family's rapture with the sport of rowing and how to make basic asset location decisions to minimize taxes.

And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.

Additional links:

Barry Ritholtz Interview of Andrew Beer (DBMF) (2021): Andrew Beer on the Hedge Fund Industry (Podcast) - Masters in Business - Omny.fm

DBMF Web Page: iMGP DBi Managed Futures Strategy ETF | iMGP Funds

DBMF Current Holdings Link (download): https://partnerselectfunds.com/wp-content/uploads/Holdings/DBMF-Holdings.xlsx

Taxation of Gold -- CNBC Article with links: Gold, silver ETF owners face 28% top tax rate on capital gains (cnbc.com)

Asset Swap Tutorial from Justin/Risk Parity Chronicles: How to Do an Asset Swap - YouTube

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