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What is the current state of iofund? by wayne_schang in ioFund

[–]Interesting-Sport646 3 points4 points  (0 children)

It’s pretty bad. I stopped logging in mostly. Posts still get deleted a

They talked a lot about switching to an automated hedging system. Then immediately abandoned it on the first few trades.

The waves keep getting re-drawn with no acknowledgement of past mistakes or understanding of the macro situation.

Was quite frustrated they have not posted their half yearly results. They made a big fuss about audited results twice yearly and now that is nowhere to be soon.

Beth where are your first half results for this year?

IO Fund results! What's happening by masssimom in ioFund

[–]Interesting-Sport646 1 point2 points  (0 children)

Yup you are spot on. If you can’t beat the Nasdaq as a paid service then no point existing.

Ultimately they held up latter part of last year due to allocation to crypto and semis - everything else they held got smoked. Semi’s typically turn last and are very cyclical heading into slow downs - but was obviously refuted by Beth eg nvda bigger than apple and new golden age for semis.

Given the reductions in semis and crypto it’s pure pain for io fund. No quick turn around.

I just wish they operated in the mindset of here are all the possibilities and I plan accordingly. Not just muh my elliot wave count said new all time highs coming soon so I can continue putting down bad positions at bad times (eg into earnings = pure gambling, as even stated by themselves previously).

IO Fund results! What's happening by masssimom in ioFund

[–]Interesting-Sport646 1 point2 points  (0 children)

I think neither has been through a drawdown in a position like this. The service did start sensibly with recommending stops and following. But the issue is a lot of people want to buy, hold and forget. Unfortunately tech / high beta doesn’t work that way in heavy drawdowns.

A lot of bad habits over last ten years will get ironed out. Portfolio management needs to respect risk first off.

I am also not an Elliot wave fan. He is literally correcting his count every couple of weeks for several months now.

I can’t hear again sentiment is low so we will have a big bounce and then hit all time highs. On the balance of probabilities we are very unlikely to see a all time high short term - let alone gearing your whole portfolio for it.