Birchtree's Account Talk

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The oceanic account was asleep this week: -$4K, -$61K, -$40K, +$54K, 0 , for a give back of -$51K. I really can't complain about that - now I'll have to make a gain of +$155K during the next three trading weeks to garner the infamous +$1M for an eight month run. I'll hold out hope that anything is possible.
 
I was only about +$29K away from nirvana awhile back and before I knew what hit me I was on my way to being -$300K down the wrong street. I just have to remain patient - I know what is in store for me. The many wall flowers are waiting for deliverence...a big throw over day would do it. I like having some extra spill money to go back and lend a reaching hand to my less fortunate wall flowers - they all deserve a chance to shine and become roses. Pimco says interest rates not to increase until 2016 so now is the time to leverage up and acquire debt - but even so debt has to be earned - there isn't anything for free accept an Obama phone. My oceanic took in +$308K in July and that would easily translate into +$300K of buying power and plenty of wall flower purchases. Here I sit waiting for my opportunity to seek fortune or bankruptcy which ever one comes first. Once margin opens up I'll be on the ride of a lifetime and I'm ready. Snort.
 
What I'm about to say is totally none of my business - but I just don't want to see an opportunity lost. I would wish and hope that Christine would transfer the decedents TSP account out of the G fund back into 100% C fund and let it ride in memorial for the next 26 years. Mike was looking for safety in preparation for his family - nothing wrong with that. That would be my idea of a living memorial to Mike. Mike was a patriot for his country and now his country has the potential to reward him some for his sacrifices - at least that's how I perceive things.
 
The dog days of August are upon us and are welcomed from my perspective because lower golden prices are always a joy. I only have 1 dividend paying today but have 7 tomorrow and 15 on the 15th - so bring me flower power pricing. My goal has always been to accumulate shares in both my oceanic account and the tug boat account and allow the capital gains to take care of themselves. And as margin begins to kick me up the stairs I'll be adding shares to my sacrificial lamb chop account just in case the girls in the back office margin dept call - got to keep the income stream intact. I'm looking forward to the next four years to really maximize my opportunity - no looking backwards.
 
I just checked the temperature in Cashiers, N.C. at 65 degrees and 93 here. I'll probably be living there next year.
 
I have a question about your divident payouts and your flower buying power....
I think you mentioned in the past that your dividends are automatically reinvested. So how do you buy more? Is it that your dividend payouts increase your marging buying power or something else? Small minds get easily confused. :toung:
 
There are several ways to increase margin buying power. You can always add cash and that's what dividends do, you can get buying power by selling something and get dollar for dollar or you can get buying power by having equity above the margin balance and that is also dollar for dollar. As the market provides growth the margin buying power increases proportionately. You can also pull cash from a margin account which is a nice benefit. My interest rate charge is currently 2.75% and helps to offset my dividend income taxes. But of course there is risk and if interest rates increase my cost will increase - so it often is a race against time. My dividends are reinvested and help to compound my shares purchases but also add to my margin balance. I plan to leverage up to my nostrils so I'll still be able to smell that sweet superlative bull manure. I'm prepared to have loads of fun. Snort.
 
Darn market isn't cooperating with your dividends, keeps wanting go up. I jumped back into deep end of pool last week. People waiting on the sidelines for that "5% pullback" might miss a dull market that does two steps forward, one step back all summer.

Birchtree said:
The dog days of August are upon us and are welcomed from my perspective because lower golden prices are always a joy. I only have 1 dividend paying today but have 7 tomorrow and 15 on the 15th - so bring me flower power pricing. My goal has always been to accumulate shares in both my oceanic account and the tug boat account and allow the capital gains to take care of themselves. And as margin begins to kick me up the stairs I'll be adding shares to my sacrificial lamb chop account just in case the girls in the back office margin dept call - got to keep the income stream intact. I'm looking forward to the next four years to really maximize my opportunity - no looking backwards.
Click to expand...
 
Anything I can purchase this month will most likely only be more expensive next month - it's all in the sacrifice. With dividend reinvestment I'm guaranteed to be buying no matter the conditions - and I'll buy all the way to the top of the mountain and then again down into the valley. Don't you now wish you could get $10 C and S fund shares again.
 
Here's an example how margin works. When eligible, and I need to make +$33K more, margin would work like this. If I get a gain of +$100K in a day that amount goes right into margin buying power and +$50K goes into cash allowed to withdraw on margin. The more one buys the greater the prospects to pyramid those gains into more gains. But you must remember you are playing with house money and they charge an interest rate. Margin allows me to purchase larger positions without having to sell existing positions and pay capital gains taxes - that has been my strategy this year and I'm now at the point where the bull is mine. If I can spend +$1M in the next five months - oh, happy days are here again.
 
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