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ATCJeff's Account Talk
- Thread starter ATCJeff
- Start date
RunningFool
Member
So I deposit some money with a broker then borrow it back plus more
to invest in the stock market? Sounds somewhat risky, especially with my lack of knowledge of the stock market. Like buying a Yugo with no money down.:nuts:
ATCJeff
Well-known member
350zCommTech
Well-known member
Jeff,
I don't mind selling low in order to get out of the way of a Mack truck, but after today's close, the Nasdaq is over-sold and should have a deaad cat bounce. I will probalby exit tomorrow and head to the G fund for the penny on Monday. I'm just hoping to break even tomorrow. Btw, I'm done with the F fund.
TRAFFIC_DOG
Member
[ 5 years, 1 month, 17 days ]
One comment, 2 questions.
I too think we may be in for a drop here, not seeing the oversold.
Are you FERS or CSRS?
Is the size of your TSP balance and the proximity of your retirement date effecting your risk tolerance?
PS- I'm also ATC and with a 7 and 6 year old, I'm going to the bitter end. 56 in 8 years 6 mos and change. - cheers
One comment, 2 questions.
I too think we may be in for a drop here, not seeing the oversold.
Are you FERS or CSRS?
Is the size of your TSP balance and the proximity of your retirement date effecting your risk tolerance?
PS- I'm also ATC and with a 7 and 6 year old, I'm going to the bitter end. 56 in 8 years 6 mos and change. - cheers
ATCJeff
Well-known member
FERS, I can retire at the age of 46.
I have always treated my TSP account as "play" money. So risk has not been an issue. One day that may change. I am young enough and with my college degree and my flying experience, I plan on having a "part-time" second career in the aviation field. Believe it or not, I am considering FAA jobs over at the FSDO. Pretty big pay-cut! Still trying to find a way to retire and be hired as a new employee.
However, I will say that my balance( i'm alot closer to seven figures, than five) is starting to enter into the picture. Do I call that risk? I'm not sure. My favorite fund is still the I fund.
I've been real lucky to have found this career. But as you know, things have changed and I can not wait to get away from this side of the FAA.
Who knows, maybe the Dems will change things. It's pretty tough when your retirement is shrinking because of inflation and there's no more raises to off-set inflation!
TRAFFIC_DOG
Member
Interesting... thanks. My TSP will be 40% of total retirement package, I can't view it as fun money.
Sucks about the high 3 stuck in the mud for sure.
I do believe the risk of being out of the market (unrealized gains) is huge and I will participate in the market all the way through retirement. cheers-
Sucks about the high 3 stuck in the mud for sure.
I do believe the risk of being out of the market (unrealized gains) is huge and I will participate in the market all the way through retirement. cheers-
ATCJeff
Well-known member
I like what Griffin is doing trying to catch the USM then the OSM. I pulled 50% out yesterday and I am going to put that back in today. Right now I'll leave the 25% in the I and put 75% in the S to follow Griffin.
The dollar has been moving sideways now for a few weeks. My best guess is the dollar will break out of this pattern moving down. I just don't know when. Wish I did......
The dollar has been moving sideways now for a few weeks. My best guess is the dollar will break out of this pattern moving down. I just don't know when. Wish I did......
ATCJeff
Well-known member
Maybe that would do the trick. Right now I don't see the C keeping up with the S & I.
On a different note. Many people moved to the G/F funds today. Why? Yes I know people are looking for weakness as some will probably take some profits today and tomorrow. Yes I know bonds yields are moving down and giving the F fund good returns. But, we all know what happens when bond yields get to low. Stocks become more attractive.
Also, the dollar looks to have finally started a down trend. This should make the I fund move higher. Yes we will have down days. But can we/us really afford to miss days like yesterday or even weeks like this week? I say no.
Eventually the market will correct. When and how much? No ones knows. I guess it's a matter of risk. Right now I think being out of the market rather than in is riskier. Watching from the sidelines as the market moves higher is painful. I know. Just look at my account last year. I spent too much time on the sidelines after the summer downturn and lost some possible earnings. But each day we are making new highs across the board and that is why I'm still 100% long.
Just my 2 cents....
Jeff
On a different note. Many people moved to the G/F funds today. Why? Yes I know people are looking for weakness as some will probably take some profits today and tomorrow. Yes I know bonds yields are moving down and giving the F fund good returns. But, we all know what happens when bond yields get to low. Stocks become more attractive.
Also, the dollar looks to have finally started a down trend. This should make the I fund move higher. Yes we will have down days. But can we/us really afford to miss days like yesterday or even weeks like this week? I say no.
Eventually the market will correct. When and how much? No ones knows. I guess it's a matter of risk. Right now I think being out of the market rather than in is riskier. Watching from the sidelines as the market moves higher is painful. I know. Just look at my account last year. I spent too much time on the sidelines after the summer downturn and lost some possible earnings. But each day we are making new highs across the board and that is why I'm still 100% long.
Just my 2 cents....
Jeff
350zCommTech
Well-known member
Very well said Jeff. I'm starting to think that way too.
weatherweenie
Well-known member
That was the point I was trying to make in the latest thread to question Tom sitting on the sidelines. Over the last several months it has cost more to sit on the sidelines than to be in the market.
Birchtree
Well-known member
All Tom has lost is opportunity - fortunately this market will have more opportunities to come. Mike Holland thinks up 20% from here before year end for the Dow = 15,500 something. Bring it. You see Ferdinand, we can't even give away free C fund prospects. Watch what happens when a formidable hint of a slow down arrives - large caps my friends.
