Birchtree's Account Talk

[Birchtree]

There are those times when 4 day trading days just don't work out: -$87K, +$59K, -$19K, -$52K for a give back of -$99K. I still managed to bring in +$38K on the month. My oceanic account is now +$167K ytd - yes I know it's a mere pittance but the year is young yet. I have 105 dividends due in June so I'll take any down days as blessings - still working on building my income stream.

 

[coastalite]

Rolling out of TSP when you can no longer make contributions is a smart maneuver because of the required minimum distribution - you can't choose the fund for distribution - they'll take the money across the board. I've been retired for a number of years and have just let my TSP account run with the wind. There is no tax consequences when you roll directly into an IRA - then you can buy any stocks or funds you want - I prefer the income stocks produce and most can be reinvested

Wow, thanks - great info & very helpful. I didn't realize you were retired!

I'm assuming you're not eligible (YET) to roll your TSP to an IRA - and that's why you're waiting till 2017? Otherwise, I'm not sure I see the benefit of having it sit in the TSP - if you can roll it to an IRA now???


Have you seen this retirement quiz? It asks 30-some questions to test your retirement knowledge. I scored a 47% - a miserable failing grade - but a 60% is considered a passing grade.

https://perception.theamericancollege.edu/perception5/open.php?NAME=Employee&GROUP=Marketing

 

[Birchtree]

I was thinking that with 17.79 million vehicles sold in May that Goodyear should have some nice earnings. Along with many wheel companies and other OEM products.

 

[Birchtree]

Stepping in and chasing the bull with a few greenbacks and buying: BTE, UDR, OSGB, CNQ. There are so many sweet wall flowers to buy.

 

[markmars]

When you reach a certain age everything you do will have tax consequences. Rolling out of TSP when you can no longer make contributions is a smart maneuver because of the required minimum distribution - you can't choose the fund for distribution - they'll take the money across the board. Opening an IRA with a full transfer will protect your capital to a certain extent because you have more flexibility to build an income stream. The income stream in retirement is where you get some protection from market volatility as well as possible capital appreciation. I've already opened an IRA account at Merrill Edge for my wife when she is ready to get out of the saddle. I've been retired for a number of years and have just let my TSP account run with the wind. There is no tax consequences when you roll directly into an IRA - then you can buy any stocks or funds you want - I prefer the income stocks produce and most can be reinvested At some point once your finances stabilize you can gently roll some IRA money into a Roth IRA paying the tax as appropriate. Your life will depend on your adjusted gross income - try and keep as much as you can. A Roth IRA is a great mechanism for heirs when all withdrawals are tax free - but the flexibility is enormous. Your capital may decrease with market volatility but the income stream will remain constant. I've actually received 78 dividend increase announcements ytd - but I suspect I'll get close to 170. Circumventing the tax man is paramount to keep what is yours. Right now with Merrill Edge I have 100 free trades/month and will split those trades once the wife turns over her money. I believe you are on the right track - but I'd concentrate on individual stocks for greater freedom and better payouts. Plus if you need extra capital just sell a stock and keep everyone else working. You'll get the hang of it.

All true but you will pay higher fees. You can't beat the the TSP fees in an IRA. Like you after I retire I'm going to let my TSP ride when I get close to 70 I'll check my options.
Maybe just maybe they will push required minimum distribution past 70 1/2. I'm not holding my breath.

 

[coastalite]

All true but you will pay higher fees. You can't beat the the TSP fees in an IRA. Like you after I retire I'm going to let my TSP ride when I get close to 70 I'll check my options.

Hmmmmm, I'm not so sure about that. Have you seen the fees of the "Admiral" funds over at Vanguard? (VTSAX) for example is .05% w/no other hidden fees. I thought that's about as low a fee as you can get.

Take a look at the attached PDF from APRIL 2015. On page 2 - you will find the TSP fees (expenses) & they are nowhere near as low as Vanguard's .05% fees.

For 2104 TSP Administrative expenses. Net = PER DOLLAR INVESTED.

G F C S I
Gross: .042% .042% .042% .042% .042%
Net: .029% .029% .028% .029% .029%
Other: .0% .017% .03% .020% 0017%

READ THEM AND WEEP!

They are taking a nice little chunk out (if I'm reading this right)
Looks like the least expensive TSP funds are G & C. G total fees = .029% & C = .031%.
S is a whopping .049% in fees!
Even the L Income Fund looks to be .032% "net" + "other" fees - again, if I'm reading this right.

 

[coastalite]

...

 

[OBXTrader]

If you spent equal amounts looks like BTE UDR and CNQ might not offset OSGB drubbing.

I spent all week buying the decline, since I was 75% cash, it was lots of fun spending money. Today moved from L Income to L2020. Not huge, but enough. I am down for the week, but really not that much and you got to be in it to win it. Have some leftover for Monday and beyond if this was not bottom.

Stepping in and chasing the bull with a few greenbacks and buying: BTE, UDR, OSGB, CNQ. There are so many sweet wall flowers to buy.

 

[Birchtree]

Now really, a -5.83% hit on OSGB is not a drubbing-I probably won't make any money on this stock for several years while I accumulate my position. I did however make some real big money in my margin account this week: -$2K, +$32K, +$24K, -$81K, +$28K for a miraculous gain of +$1K. Good thing my dividends are working hard. It would appear that some one is after my DEO sending it up 9 points today - lucky me I know.

 

[Birchtree]

It would appear to me that we are due some serious upside fair valuation for the I fund, probably will show today.

 

[WorkFE]

One of these days we will start a thread titled "Where were you when Birchtree moved to the G"

 

[FogSailing]

This is my new list of IMPOSSIBLE THINGS

LIST OF IMPOSSIBLE THINGS
1. Exceeding the speed of light.
2. Counting to Infinity.
3. Solving the 15 puzzle.
4. Squaring the circle.
5. Doubling the cube.
6. Bench-pressing 100000000000000000000000000 pounds.
7. Finding an even prime number other than 2.
8. Finding a unicorn in your backyard.
9. Traveling back in time through sheer willpower.
10. Eating yourself.
11. Escaping from a black hole.
12. Uncracking an egg.
13. Unburning a piece of firewood.
14 . Two objects occupying the same space at the same time.
15. Traveling at a negative speed.
16. Having a negative mass.
17. Knowing all of the digits of pi.
18. Knowing the last digit of e.
19. Defying gravity outright.
20. Finding two integers whose quotient is pi.
21. Creating a polynomial in one variable x for which the natural numbered values of x will exactly yield the prime numbers.
22. Creating a triangle in Euclidean space for which the sum of the measures of the three angles is not 180.
23. Drinking all the water in the ocean.
24. Surviving with no blood at all in your body.
25. . Dragons existing.
26. BIRCH GOING TO THE "G" FUND.

FS

 

[Birchtree]

Golly gee it's good to make money. I'm waiting on SPX to 2119 to disappear in my rear view mirror. Feed me more.

 

[Nordic]

Golly gee it's good to make money. I'm waiting on SPX to 2119 to disappear in my rear view mirror. Feed me more.

Hoping EFA has a bit more to run from this recent slide.

 

[Wiff007]

Now really, a -5.83% hit on OSGB is not a drubbing-I probably won't make any money on this stock for several years while I accumulate my position. I did however make some real big money in my margin account this week: -$2K, +$32K, +$24K, -$81K, +$28K for a miraculous gain of +$1K. Good thing my dividends are working hard. It would appear that some one is after my DEO sending it up 9 points today - lucky me I know.

Hello

I am just wondering when you mentioned above you lost 81k then made 32K is that from TSP ? Or other nvestments?

Just wondering lol. I'd love to make that amount in a day lol but losing that amount would be so heartbreaking.

 

[Birchtree]

Everything I report is from my margin account on a daily basis. Today I'm +$104K - just need to hang onto it into the close. Money flows in and money flows out.

 

[wavecoder]

Hoping EFA has a bit more to run from this recent slide.

I fund got some nice action today

 

[Rogue]

Have you seen this retirement quiz? It asks 30-some questions to test your retirement knowledge. I scored a 47% - a miserable failing grade - but a 60% is considered a passing grade.

https://perception.theamericancollege.edu/perception5/open.php?NAME=Employee&GROUP=Marketing

63%, passing, but mostly I think because of the glut of questions about Long Term Care, something I deal with daily. Plus a large luck factor.

 

[Tsunami]

63%, passing, but mostly I think because of the glut of questions about Long Term Care, something I deal with daily. Plus a large luck factor.

Hmm, 79% for me. I'm eligible to retire exactly one year from today, so I better start getting some of this stuff down.

 

[Sensei]

Birchtree - where are you? Everything all right? Your profile says you were last active 5 days ago. Disappearing is something I do, not you. I hope you are well.