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Or you can now use TapaTalk again!Birchtree's Account Talk
- Thread starter Birchtree
- Start date
Bquat
Well-known member
Like this?
Handballer
Active member
Hi Birch. Wondering how many monitors you use with your computer all the time. I image its like a desk of a broker on the Chicage stock exchange.
Birchtree
Well-known member
I'm just a simple investor, nothing sophisticated. I use one Toshiba satellite. The secret to my sucess goes to my investment adviser, Mindylou. She does all the research and lines up the selection of wall flowers. And of course age may make a difference - I've seen a lot of investment water flow under my bridge following some equities for many years. I think we just experienced a false breakdown below the SPX 200 day. It never created any fear here. Now when the VIX gets back to 14 will be the time to get nervous, again.
Birchtree
Well-known member
I asked Mindylou this morning why she never recommends selling - she said I'm a hoarder of equities and should never sell my stuff. She may be right of course. The only time lately I sell equity is when my hands are tied and I'm looking down the barrel of a margin call - that could be a small blessing. I know I make the IRS happy. I don't know if today has the potential to be momentus or not - I'm just going to relax and enjoy doing nothing while my balances shift around. Snort.
Birchtree
Well-known member
Custer's scalped body has too many arrows in it to answer you today .....but you still might get your 300 points.....in the other direction. Tomorrow - and especially next week - doesn't look better and could be much worse.Different paths to the same negative return - not planning to follow you this year
Yup - life in the hedgerows of negatory for us knows no bound:
We can talk smack at each other all we want - but in the end of last year - we both ralphed up negatory 7% last annum; tho in very different paths; you peed away huge early returns from the tsunami call in march, via trader's block which continues. I played the Egypt to begin up 2+%, and crapped them away in the summer bottom; scared to death, I stayed away from the end-of-year rally (which I didn't believe then, and don't now).
So those who make mistakes are bound to repeat them? maybe you - but not me. Once again, your huge return from holding I-fund; gone with the wind. Me? gone conservative; and happy to beat the G-fund.
In fact, if you can guarantee me a 5% return in the G-fund; there will be far fewer complaints about the IFT limit, at least from me.
This year? who knows - it would have been great to beat the G-fund, but it's almost more satisfying beating your -7% with my -6.8%.
Handballer
Active member
Hi Birch. Wondering how many monitors you use with your computer all the time. I image its like a desk of a broker on the Chicage stock exchange.
Just kidding. Wish I had an advisor like Mindylou. All I have is myself and I'm my worst ememy.
Birchtree
Well-known member
I've now received 81 dividend increase announcements so far this year - will there be more rolling down the rails. I currently have 36 dividends due to be paid before the month of June ends - that means I'm buying all the time with a DCA strategy into my base. Yesterday was not nice, but I'm tolerant.can-kicking just won't last forever...
scortched; bortched.....I used to be a believer in the boogey man.....witnessing your precipitous decline after chiding me about my fallen rank; but no more. And if I'm putting the boogey on myself.....then you should benefit and thank me.
But let's be real.....sure....a smidge of the deadcat today is likely....but not a scortcher [I like your spelling, some russian in there, I suppose].....this is summertime. Stimulatory ammo has run out....and all's that's left is the widespread reality check, the fiscal cliff becoming a reality....and we all will just have to deal with it.
That means higher taxes - beginning with the sunsetting of the cap gains tax cut no matter who gets elected. Low interest rates will buoy equities to some extent as long as they last - but in the final analysis - interest rates must rise to provide incentive to banks and holders of notes, and as the safe but fair alternative return to equities they were intended to be.
I know the Fed, and central banks, have kicked the can down the road for what now? 4 years? but can-kicking just won't last forever.
amoeba out.
Birchtree
Well-known member
Re: can-kicking just won't last forever...
amoeba,
You forgot to mention the impact the crude bear market will have on gasoline prices and the consumer. I'm just going to continue my crusade of wall flower rescue - the more I save the more I'll eventually benefit. Watching the technical levels - in a blink of an eye we could be up 10%.
ILoveTDs
Member
Re: can-kicking just won't last forever...
Try the last 100+ years. Our national debt directly correlates with the federal income tax established in 1913. You give the government money they will spend it, look at the EU.
Small government having the purse strings works best. I can talk to my mayor, governor, etc. and if they had the $$ and not the federal gov, they would have more power. Thus vicariously I would have more power over my tax dollars. How it sits now Barbara Boxer could care less on blowing my tax dollars on bull s**t.
Once the EU falls all these countries will all be better off. All Europeans will have more control over their fiscal policy, which will be better off for themSimilar threads
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