The graph of drawdown seems to show it has always been in single figures? If I have read that correctly then results seem impressive…especially as it would be live results through covid and Ukraine war supply shocks etc and not just a hindsight back test ….whenever i constrain volatility to keep DD low my cagr plumets and I am not yet quite at 33 billion

Well, you mentioned that we weren’t able to get 5% yields from government bonds over the last 20 years, but, now we can. So if they’re going to generate the same returns going forward, then buying Aussie government bonds would be a no brainer in comparison.

I’m not convinced by the focus on drawdowns right now. I know it’s on everybody’s mind at the moment, mine included (17.31% and counting). But a low drawdown isn’t why we were drawn to trading. We aren’t going to be able to use a low drawdown to buy the groceries/property/holidays etc. Of course, we need to generate returns for that.

By the way, nice mention (and fish) in today’s Herald Nick!

https://www.smh.com.au/money/investing/in-defence-of-day-traders-not-all-of-us-are-dumb-money-20231024-p5eeih.html