No. of Recommendations: 6
Straightforward question with a tricky nuanced answer
(a) Most people who know me will certify that I am possibly one of the most direct and dont beat around the bush person. Yet this question requires a degree of finesse.
(b) We believe in destiny a lot in our culture - and I think having great returns from markets falls into that category.
(c) Yet , you always need to put in the hard yards to accomplish anything.
My own style: I have over the years developed my own models ( yeah not indicators - but models, inspired by Jim's assertion that I was possible to build statistical models successfully). I look at downside risk a LOT - my own professors taught me that building a good model is to first understand the 20 different ways it can go WRONG!
They are not magic either - closely relates to stuff Jim shares ( if the other guy is a good modeler and JIm's a GREAT one -any good quality model on the SAME DATA is bound to produce similar results)
Following Zee: He's one of the best readers of the market I have seen. Real snippet - just after the 2011 US Debt crisis correction and late 2011 when the Fed stepped into QE he said " I think this has legs to be a MULTI YEAR Rally". A lot of us were skeptical - yet I attended a retirement dinner hosted by one of his followers in 2013 - who trusted and followed it blindly!
So to me - I read and listen to anything he has to say or share purely to understand his perspective. That's the premium I am willing to pay in cost of the research.
Its not that because I am getting some MAGIC INDICATOR!!
So my first advice would be to read thru all the nuggets he has offered on the MI board - for FREE over the years.
The Bewilderment part: YES - this can be a bit frustrating. Because he as I mentioned before typically tends to present a singular concept at a time - while his system is an automated multilayered one. There's transition in markets - its one of the most difficult things to master.
Allocation: Based on what I know, and as Manlobbi asserted if you have a decent sized investment portfolio, you are typically invested most of the time ( markets go up 67% of the time if you extend beyond a 3-4 months outcome) and ability to move stuff around is limited.
Zee himself has a few slivers of rotating assets which he allocates to these shorter term systems he likes to research. IIRC - he mentioned he manages his family 401K mostly with BCC ( that BTW is his nomenclature, one of the founding fathers) and few macro stuff. And he had once shared a Blending system which is his lead allocation I think- which is similar to QTAA ie it rotates and is invested 100% of the time.
NET MSG: Do a tradeoff between the price premium ie whether its prohibitive for you, without thinking you are getting magic poured into your hands. The upside is learning if you are willing to put in the effort.
There's a LOT of good things here for free ..... I would suggest be conversant first with them - before jumping into other stuff
All the best!
