Birchtree's Account Talk

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Not a good week for my oceanic account: +$9K, -$9K, -$12K, -$76K, -$12K for a give back of -$100K. Keeping my fingers crossed that August doesn't wipe out my +$308 gain for July. September is a large dividend month and the income stream continues to build so I take what ever the market goddess giveth. Bonds continue on the road to perdition. The hoofhearted are waiting with arms wide open for the cash deliverance.
 
Sorry to hear of your losses -- but you will prevail! I know I am sitting here (100% in the S fund) debating what to do. I seem to remember being here late May (in the same spot) and I jumped out, which was the wrong thing to do.

If you have a moment (and this goes to anyone else out here reading this), we have a new member who would love some perspective on the markets. Here's a link to his thread: http://www.tsptalk.com/mb/member-introductions/17657-hello-japan.html#post419122. Thanks!
 
Money flows like the tides - next week it may all return. Dividends are however mostly in perpetuity and I have more to reinvest this month. My losses don't last long - it's only a distraction on the way to market nirvana.
 
Ok... Wait just a second.... I gotta look up Perpetuity.... Geeez ... Better go ahead, I'm not sure how to spell it. :-)
 
I decidede to do a little buying today: SLI, MT, BZH. Kind of a quiet summer day - also have three dividends working.
 
I'm searching for a small blessing for August and the only hope I have is the remaining 24 dividends that are due for the rest of month. In 2012 August gave me a +$112K gain - that's not going to happen this year. September gave my oceanic account a gain of +$153K - that could happen this year. So I'll just sit tight until September rolls around where I have around 75 dividends paying - at least they keep the skids greased. Holding out for a 1700 SPX by year end. Better times are ahead.
 
I dunno but today felt like light panic capitulation in the last hour - we may be ready to retest the top range the rest of this week. If there is no taper announcement this market could be good to go with the bonds tanking regardless. Who wants to sit in the safety of cash earning 0.01% - not this guy. If we need to go lower then we go lower but when we go higher there won't be any looking back until February.
 
Now that Real Money Issues (RMI) has decided to move on I bought a position this morning in one of my favorite wall flowers in his fond rememberance: GAS. This stock will be many points higher by the end of 2014.
 
I now have 110 dividend increase announcements this year with more to come - my dividend income stream will most likely exceed +$100K by year end. And this income stream will only grow year after year and will undoubtedly continue to grow when I'm dust - that's always been the plan. My wife will probably retire at the end of the year which will free me up to take some capital gains going forwad - and every time I take some of those gains amoeba will smille. I am not going to be taxed to help out with Obamacare. Could we see a rally today - at any moment we could explode because there is so much cash just waiting to get invested. I think the investment environment going forward is going to be fabulous for guys like me - I'll be able to move money around with out sacrifice or penalty - accumulating wall flowers is my passion. Snort.
 
Birchtree said:
I now have 110 dividend increase announcements this year with more to come - my dividend income stream will most likely exceed +$100K by year end. And this income stream will only grow year after year and will undoubtedly continue to grow when I'm dust - that's always been the plan...
Click to expand...

That's a damn good plan, BT. Job well done.
 
Well I am a renegade contrarian and I go where Angels fear to tread - most sentiment surveys operate off contrarianism as well as AAII.

"The high percentage of stocks that are trading over their long term 200 day moving average implies that the bull run for the S&P 500 will continue and that higher levels should be expected. The present level also suggests that any major correction will likely not occur in Q4. As history has shown that it takes at least 3 or 4 months of a less than 50 percent reading before a substantial decline can begin."

http://www.marketoracle.co.uk/Article41908.html
 
Pessimism is now at an unusually high level at 42.9% a spike of 14.7 points in the AAII sentiment survey. The historical average is 30.5%. The bullish sentiment is at 29.0%. It's now below its historical average of 39.0%. It's time to get the buy list ready.
 
It would appear that I collected 1825 views overnight - my first thought was I've been banned again and what did I say this time that wasn't politically correct? We could use a little drama I guess to keep things interesting - afterall you won't find anyone more boring than me. That's one of the 120 reasons my wife married me aside from being parsimonious. My oceanic experienced a +$78K pop yesterday and I could sure use another one like that today. So bring on the dogs of August while we rally.
 
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