Birchtree's Account Talk

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Hedge fund manager Tepper says he's worried (fear) that he's not long enough in the market. There is probably a lot of thinking like that going on - I know my anxiety levels would be increasing like JTHs and would have to think damn I'm missing this train. But I've been long for so long I'm just resting on my base as gains are built. If you read my Merrill post there is a guy in comments that thinks the S&P 500 will get near 8000 by the end of this secular bull. I'll take it one year at a time but I do plan to make several more $Ms in the next few years.
 
Well gosh my TWC is on fire today - just wish I had accumulated 10,000 shares. SPX finally above 1800 and will close there. The market today feels like the slow but powerful lift off of a Dreamliner. Plenty of time for the buyers to provide some strength.
 
Birchtree said:
Well gosh my TWC is on fire today - just wish I had accumulated 10,000 shares. SPX finally above 1800 and will close there. The market today feels like the slow but powerful lift off of a Dreamliner. Plenty of time for the buyers to provide some strength.
Click to expand...
Here they come. The after lunch bunch. S&P 1807 at the end of the day.
 
Jeffrey Saut: Portfolio managers still in the disbelief phase of this bull market. That is music to my ears.

My oceanic managed to take a small hit this week: -$53K, -$29K, -$19k, +$60K, +$28K for a give back of -$13K. I'm still up +$101K MTD. So next week will be the tell.
 
Birchtree said:
Jeffrey Saut: Portfolio managers still in the disbelief phase of this bull market. That is music to my ears.My oceanic managed to take a small hit this week: -$53K, -$29K, -$19k, +$60K, +$28K for a give back of -$13K. I'm still up +$101K MTD. So next week will be the tell.
Click to expand...


Birchtree


In regard to your oeanic account. How much did you have to save up (and how many years did it take) until you felt that the nest egg started to produce significant income/returns?

Thanks

Parsox
 
I started investing in 1972 with $1000 and it has taken many years and tribulations to build my base learning and churning as I went along. My long market value is currently very close to $6M and that's what is working for me. I am a margin guy so some of that does belong to Merrill. I'm deeply leveraged and plan to stay that way until the world blows up. Investing is a long term adventure and does require some courage - over the years my experiences have created a renegade contrarian and that's how I function. It was totally unintentional how things turned out. I've had the fortunate pleasure to have ridden several cyclical and secular bull markets and they all are different - but there remains a certain feeling to throwing money at the bull. I could probably go on vacation for a year in 2014 and still make over $500K just letting my base capital appreciation and dividend reinvestments do the heavy lifting - but I plan to really raise some cane in 2014 to boost my long market value to over $8M - it should be wicked fun.
 
Birchtree said:
I started investing in 1972 with $1000 and it has taken many years and tribulations to build my base learning and churning as I went along. My long market value is currently very close to $6M and that's what is working for me. I am a margin guy so some of that does belong to Merrill. I'm deeply leveraged and plan to stay that way until the world blows up. Investing is a long term adventure and does require some courage - over the years my experiences have created a renegade contrarian and that's how I function. It was totally unintentional how things turned out. I've had the fortunate pleasure to have ridden several cyclical and secular bull markets and they all are different - but there remains a certain feeling to throwing money at the bull. I could probably go on vacation for a year in 2014 and still make over $500K just letting my base capital appreciation and dividend reinvestments do the heavy lifting - but I plan to really raise some cane in 2014 to boost my long market value to over $8M - it should be wicked fun.
Click to expand...


Thanks Birch, I still have many more years yet to go.
 
"Stock market bears can't get going."

http://www.marketoracle.co.uk/Article43287.html

I read a recent article regarding how QE was ruining the retirement potential for people that rely on interest rate increases and how poorly they were doing. I decided not to post it because it was so sad. I on the other hand now have 144 dividend increase announcements ytd - with another month to go. My retirement is going just fine and my dividends are growing - the next ten years should be gracious.
 
"For years like this one, when the S&P 500 is up 20% or more in the first 11 months, the December gain has been 1.8% with an increase 73% of the time."
 
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