Birchtree's Account Talk

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There will be Market Corrections this is just part of investing.


Birchtree said:
I made enough money in all my accounts last year such that I don't mind giving some back on paper to help cleanse the market - there is no real loss unless there is a sale or IFT. I have 60 dividends due this month so lower pricing is my small blessing to build my income stream - the more shares accumulated the better. So a weak quarter is tolerated for a more promising future. I have no reason to cut and run - none at all. I'm actually glad for this consolidation after which higher highs into uncharted territory are on my map.
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My daughter owns three large cap related funds in her Roth 401K plan with her employer and is going to rake in more shares today - how nice is that. She has a large cap value fund, a 500 S&P index fund and a capital appreciation fund. She has it covered in the large cap arena. Glad I could help.
 
It was not a good week for my oceanic account but that happens: -$120K, +$65K, +$63K, -$126K, -$74K for a give back of -$192K - not pleasant but tolerable. We'll see if I can get some of that back before the month ends. Otherwise it'll be a zero sum gain for the first quarter. If we continue to head lower I may sell a position to raise some cash so I can participate at these golden prices. Big negative weeks and big positive weeks are becoming more common with our volatility - but I remain resolutely bullish.
 
I do believe my greed factor has been awakened from its slumber. I'm excited by the depth of the recent consolidation and will likely parse my oceanic account to find a rose that is ready to be independent. Now that my wife is working fewer hours I am at liberty to take some capital gains without encumbering my AGI and boosting my taxes. There are many stocks that are now in correction territory and my greed factor says now is the time to harvest a gain and put that cash to work. So I will find my little beauty and look for more potential to further my opportunity in making money. It's time to throw caution to the wind and go for golden prices. When you start seeing money flow out of mutual funds right into the depths of the correction you know time has come to step up and swing big. There is no sign whatsoever that this (what people decades from now will look back on as being the greatest bull market in history) bull market is anywhere near being over so I'll chase more wondeful wall flowers that are being tossed aside. I mean slow money from dividend reinvestments is absolutely good money but there are times when I get emotionally excited and just have to show my renegade contrarian colors and then punt into the chaos. Snort.
 
I just finished looking at the tracker with my #275 position and not making any money yet this year in my tugboat. How some of the mighty S funders have fallen and it was predicted. Chaulk it up to karma. Now there are a slew of G funders up ahead blocking the tracker and they too shall render to Caesar.
 
Mindylou and I spent several hours this afternoon parsing through our oceanic account picking out two sales and many buys. So I'll have cash to throw around in the briar patch if we head lower. The direction doesn't matter to us - we only see opportunity and golden prices. No pain, no gain.
 
I've decided to not pull the trigger on my sell orders and will wait for margin buying power to return - so my greed factor has been contained. Will the ECB pump or just talk - if they pump that should help the I fund to my thinking. Let's see where the biotech money goes next.
 
Two index funds at market low. Just walking around money for you. However, I bought in 50% on Friday to L2050 and threw some money at a 2040 target date fund also on Friday. Hung tough today and added to my position when S&P went red today. 100% cash Friday morning to partially invested in two days, good for conservative old me.

Birchtree said:
Some banks, shippers, gold, and a few odds and ends. Nothing real serious at this point.
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