The Long Term Investor

Once again, amen to all of this! Many people owe a lot of their success in the market due to you, myself included. Your constant drumbeat of thoughtful, principled long term investing is an antiseptic to the nefarious hysteria of trading and gambling culture. The consistent success of the regulars here are a testament to the power of your message.

 

I really like the updates from @Lori Myers ! It's pretty neat to get a perspective from across the pond. All the respectful commentary between such a diverse group of people with different experiences and insights. ( Some of you more 'experienced' members are excellent mentors for us)

Some very good posts up here as usual. I agree with @WXYZ that the first $100k is the hardest. It's a grueling uphill battle with many sacrifices for many of us that started at, near, or below $0. When you hit that milestone you really should reflect on what it took to get there, what you did right, what you did wrong and what you would change if you could go back. This is the period I believe you learn who you are as an investor. What is your risk tolerance. What is your end goal. If you are investing based on how many members of this group do, the 2nd $100k will come MUCH quicker. I may be in my own camp on this though but I think hitting the $100k mark is more gratifying than the next mark after it. I think this because that first 100k is sweat equity where the 1mil milestone is a lot of compounding interest.

Financial freedom is a great goal but comes a distant 3rd to health and time with family. I will say that the financial freedom of a great investment portfolio make it very easy for me to walk into work, put in my 8 hours and get out. No staying over. No overtime. Leverage most employees don't have and employers know it. The you need me more than I need you.

 

I'm not going to name names but I think one of our members recent Micron sale has triggered a market wide profit taking day!

 

Here's my bi-weekly AI post for RTN to disagree with.

AMD's ROCm has taken a huge step forward in the last 45 days. ROCm is open source. The massive advancements have come from Meta, not AMD. It's also worthwhile to mention that ROCm is not feature complete for every task. There isn't much left to do, and the remaining tasks are wildly niche for esoteric tasks, but it's not done. For an AI engine, ROCm is done. For a clean sheet SIMD app, also done.

Anthropic is also doing a lot of work on ROCm but I'm not aware they have shared much with the community, at this point. They have shared some stuff, though.

nVidia's CUDA has been extremely stable and it can afford to be. CUDA is excellent. ROCm is the underdog here.

On the software side, it's the world versus nVidia. The score is oddly close with nVidia in the lead by a nose.

AMD has better hardware in the AI space. nVidia dominates in software and also in inter-GPU latency. AMD can show some massive bandwidth numbers but latency matters a whole lot, for some tasks. Latency doesn't matter all that much, for other tasks. Overall, nVidia has a slight edge.

State of the art performance differences vary by task. Recent benchmarks (tm) show nVidia with a 0% to 30% performance advantage. The performance advantage is down to latency and software.

ROCm is advancing quickly. That will bring general parity in the near future.

AMD Helios is built on Meta Open Compute Project network design. There are no real advancements to be made in OCP latency without a massive overhaul. Basically, AMD will have to win with a network latency disadvantage. The actual discrepancy is impossible to quantify, given how different the two systems are.

AMD is absolutely going to blow past nVidia Blackwell and that will happen very soon. nVidia Rubin is said to be design complete and it brings a lot so I expect a couple of performance lead changes in the near future. I hear rumors of people testing on engineering samples. nVidia continues to indicated Rubin will be released in 2H26.

nVidia is having a nasty time getting Rubin product out the door. It's nearly impossible for anyone to get anything done on a timeline, right now. There is said to be shortages of everything from optical fiber to the components used to make plastic. It's ridiculous. I have to wonder if some of these shortages are manufactured, like the power shortages and rolling blackouts of the Enron era.

 

Naturally, I disagree with all of this drivel

 

I'll take the blame, all the BIG brokerage houses look to me for guidance anyway.

 

Have the 30 year Treasury hit the highest rate in 20 years is definatly an ominous sign, in reading the article I also noticed that the 6% PPI number that was thrown around earlier this week, was confirmed. CPI 3.8% , PPI 6% , Treasuries on the rise. ALL together equals stock market DOWN , BIG TIME DOWN And hear I thought it was MY FAULT ,

Well, I was certainly down, I was gone so it wasn't my fault.(Like SOME people on this forum seem to think) Getting eye drops for my Tuesday Cataract Surgery, Yeah , ugh , argh, sucks growing old , then Tuesday after that , the other eye. And then a week after that I have another little surgery. Let's just say that 50 years of swinging a hammer and carrying sheetrock has a way of catching up with your spine. I was first diagnosed with Osteoarthritis at age 30.

Have a good weekend everyone , and I don't know about you, BUT, I am going to go looking for some bargains, or at least something I can't do without. BECAUSE , My Main/First account is such a Hodge Podge of holdings that how can further screw it up.

Balanced Account ................. DN 1.39% UP 13.3% YTD
COVID (all ETF) Account ...... DN 1.62% UP 12.91% YTD
INCOME Account ................. DN 0.42% UP 6.71% YTD
MY First Account (Tech Hvy). DN 2.22% ouch UP 29.66% YTD

Daughters Inv. acct's ........... DN 1.37% UP 12.21% YTD
Daughters ROTH's avg. ........ DN 1.51% UP 13.71% YTD