sugarandspice
TSP Pro
- Reaction score
- 31
Re: Birchtree's account talk
Another informative but not TSP related post.
Another informative but not TSP related post.
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Birchtree's Account Talk
- Thread starter Birchtree
- Start date
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
My dear, TSP is a fiduciary account and when you' re a known buy and holder there ain't a whole lot one can say. My small blessing is that I'll probably get another 56 shares down in the $14.00 range next week and that satisfies my greed component. I wish I could stay in that range for the next twelve months and simply accumulate those shares - but I'm throwing in the working towel sometime this year. Even a few buys in the $13.00 range would please me. There is such an abundance of fear in the market now that we may be getting close to a bottom. A few more months would please me and then all accounts will rebound with a vengence. Be right and sit tight is the mantra.
My dear, TSP is a fiduciary account and when you' re a known buy and holder there ain't a whole lot one can say. My small blessing is that I'll probably get another 56 shares down in the $14.00 range next week and that satisfies my greed component. I wish I could stay in that range for the next twelve months and simply accumulate those shares - but I'm throwing in the working towel sometime this year. Even a few buys in the $13.00 range would please me. There is such an abundance of fear in the market now that we may be getting close to a bottom. A few more months would please me and then all accounts will rebound with a vengence. Be right and sit tight is the mantra.
malyla
Analyst
- Reaction score
- 36
Re: Birchtree's account talk
I am constantly amazed at how different we are on this website. This has been an education on so many levels. I hope you were joking. If not, please consider the following:
Proverbs 13:22 says, “A wise man leaves an inheritance for his children’s children.” One has to ask if spending your child's inheritance is a privilege or an irresponsible act. By leaving your children (or grandchildren) nothing, you doom them to repeating many of your own errors and hardships and risk placing them at a much lower standard of living that you yourself enjoyed. I do not think that many of our accomplished leaders and business people were without the benefit of their parents support. Many parents see the wisedom in giving their children and grandchildren a leg up either through more education or some help with a business.
This inheritance also includes natural resources. The poorest countries lack natural resources either due to explotation, mismanagement, or just plane scarity and there is little hope that children will better their parents. Spending our children's inheritance by drilling for 6 months worth of oil in the nature reserve of ANWAR when oil companies have millions of acers of leased land they have not utilized is just plane irresponsible to future generation(s). When we solve our energy problem (and we will) and oil is no longer the most precious natural resource, I believe that it will be the natural landscapes and parks that will be the most precious resource we have. They will be precious not for the wood and minerals that they may have, but precious for the diversity of life they hold. Let's not rush to spend our children's and grandchildren's inheritance.
I am constantly amazed at how different we are on this website. This has been an education on so many levels. I hope you were joking. If not, please consider the following:
Proverbs 13:22 says, “A wise man leaves an inheritance for his children’s children.” One has to ask if spending your child's inheritance is a privilege or an irresponsible act. By leaving your children (or grandchildren) nothing, you doom them to repeating many of your own errors and hardships and risk placing them at a much lower standard of living that you yourself enjoyed. I do not think that many of our accomplished leaders and business people were without the benefit of their parents support. Many parents see the wisedom in giving their children and grandchildren a leg up either through more education or some help with a business.
This inheritance also includes natural resources. The poorest countries lack natural resources either due to explotation, mismanagement, or just plane scarity and there is little hope that children will better their parents. Spending our children's inheritance by drilling for 6 months worth of oil in the nature reserve of ANWAR when oil companies have millions of acers of leased land they have not utilized is just plane irresponsible to future generation(s). When we solve our energy problem (and we will) and oil is no longer the most precious natural resource, I believe that it will be the natural landscapes and parks that will be the most precious resource we have. They will be precious not for the wood and minerals that they may have, but precious for the diversity of life they hold. Let's not rush to spend our children's and grandchildren's inheritance.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
Malyla,
Of course I was joking about spending my kids inheritance. But on a personal note I've been in the work force since I was sixteen and no one gave me any kind of step up since I come from a poverty background. Even the worthless GI Bill was only a pittance and I was forced to work my way through college to achieve any monetary gains I've received. My grandchildren will receive funds in the millions when I hit the wall. My wife will also do just fine - why do you think I'm bothering to buy stock at these super low levels - because I'm simply thinking ahead to the future. Remember this old bullish dog has been doing this for over thirty years and I've learned a few things along the way. I can't help it if only a few on this board see the merits of my experience but my money is where my mouth is. And with my holy grail portfolio I'm truly destined to make some serious money when this current short term nonsense passes into the past. I actually enjoy bear markets because that is where the opportunities are presented at the value level and it's a darn shame that people fear to buy - but that is what the market likes. One has to have the courage to be a contrarian and step in front of the train - trust me when I tell you the pain is refreshing. I enjoy looking at my oceanic account and reviewing some of the buys I made during the last bear market - I'm still way up in value, that's why I have no fear. Break this turkey another one thousand points and I'll still be buying. I never cut and run until I'm ready and I won't be ready until we approach Dow 39,000. Those are my thoughts and thank goodness I do have an inhouse banker just in case.
Malyla,
Of course I was joking about spending my kids inheritance. But on a personal note I've been in the work force since I was sixteen and no one gave me any kind of step up since I come from a poverty background. Even the worthless GI Bill was only a pittance and I was forced to work my way through college to achieve any monetary gains I've received. My grandchildren will receive funds in the millions when I hit the wall. My wife will also do just fine - why do you think I'm bothering to buy stock at these super low levels - because I'm simply thinking ahead to the future. Remember this old bullish dog has been doing this for over thirty years and I've learned a few things along the way. I can't help it if only a few on this board see the merits of my experience but my money is where my mouth is. And with my holy grail portfolio I'm truly destined to make some serious money when this current short term nonsense passes into the past. I actually enjoy bear markets because that is where the opportunities are presented at the value level and it's a darn shame that people fear to buy - but that is what the market likes. One has to have the courage to be a contrarian and step in front of the train - trust me when I tell you the pain is refreshing. I enjoy looking at my oceanic account and reviewing some of the buys I made during the last bear market - I'm still way up in value, that's why I have no fear. Break this turkey another one thousand points and I'll still be buying. I never cut and run until I'm ready and I won't be ready until we approach Dow 39,000. Those are my thoughts and thank goodness I do have an inhouse banker just in case.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
I checked in with one of my contrary indicators this evening. I told my wife the market was coiled to make a one thousand point move to the upside and she actually laughed out loud. Can't get no respect... Investor Intelligence showed that 47.3% of newsletter writers are currently bearish. I'm staying out of this line. This is the highest reading of bearish sentiment since September 1998 when Russia defaulted and Chicago Long Term Capital almost blew apart. Snort.
I checked in with one of my contrary indicators this evening. I told my wife the market was coiled to make a one thousand point move to the upside and she actually laughed out loud. Can't get no respect... Investor Intelligence showed that 47.3% of newsletter writers are currently bearish. I'm staying out of this line. This is the highest reading of bearish sentiment since September 1998 when Russia defaulted and Chicago Long Term Capital almost blew apart. Snort.
Geaux4it
Analyst
- Reaction score
- 5
Re: Birchtree's account talk
I'm sure when Frazier went down against Ali he still held hope.
I'm sure when Frazier went down against Ali he still held hope.
Braveheart
Analyst
- Reaction score
- 12
Re: Birchtree's account talk
I have it at just over 27% are Bullish & over 60% Bearish according to a Bloomberg Report which suggests a rally based on the past the problem is according to the past the rally could be 5 weeks away.
Good Luck - Braveheart
100% G Fund for the next 2 years LoL
I have it at just over 27% are Bullish & over 60% Bearish according to a Bloomberg Report which suggests a rally based on the past the problem is according to the past the rally could be 5 weeks away.
Good Luck - Braveheart
100% G Fund for the next 2 years LoL
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
The C fund is still the place to be if one is thinking an inflationary bull market when it does reappear. The energy sector in 2002 carried a paltry 6% weighting in the S&P 500. In 1980 energy and basic materials together made up nearly 40% of the S&P 500's weighting, today they make up a little less than half that. It's also interesting to note that corporate insiders have not been selling their company stocks during this decline - do they presumably know more than the gullable herd - I certainly thinks so. Nobody around this thread needs luck, all we need is to be positioned correctly and fate will take care of the rest.
The C fund is still the place to be if one is thinking an inflationary bull market when it does reappear. The energy sector in 2002 carried a paltry 6% weighting in the S&P 500. In 1980 energy and basic materials together made up nearly 40% of the S&P 500's weighting, today they make up a little less than half that. It's also interesting to note that corporate insiders have not been selling their company stocks during this decline - do they presumably know more than the gullable herd - I certainly thinks so. Nobody around this thread needs luck, all we need is to be positioned correctly and fate will take care of the rest.
James48843
TSP Talk Royalty
- Reaction score
- 765
Re: Birchtree's account talk
Agree 100%.
These are the times when significant gains can be made. I'm not to the point where I am willing to ride things down, but I firmly believe that these actions make remarkable buying opportunities that those are are unwilling to take the risk can miss.
The trick is to be able to figure out when you are more likely to make gain than you are to loose. I.E. Step in front of the train is fine, provided that you gave the train a little room to get up a head of steam before you jump onboard.
I'm thinking today is a good day to board the train, at least to take it to the next station.
Agree 100%.
These are the times when significant gains can be made. I'm not to the point where I am willing to ride things down, but I firmly believe that these actions make remarkable buying opportunities that those are are unwilling to take the risk can miss.
The trick is to be able to figure out when you are more likely to make gain than you are to loose. I.E. Step in front of the train is fine, provided that you gave the train a little room to get up a head of steam before you jump onboard.
I'm thinking today is a good day to board the train, at least to take it to the next station.
Corepuncher
TSP Pro
- Reaction score
- 40
Re: Birchtree's account talk
Today, or tomorrow? With freddie/fannie down so much, and oil up, today might end deep in the red. Then again, if that occurs, tomorrow may follow.
Today, or tomorrow? With freddie/fannie down so much, and oil up, today might end deep in the red. Then again, if that occurs, tomorrow may follow.
JTH
TSP Legend
- Reaction score
- 993
Re: Birchtree's account talk
I agree and here's the kicker.
FED Bails out banks + Print money + devaluation of the dollar + high oil
= falling market
I agree and here's the kicker.
FED Bails out banks + Print money + devaluation of the dollar + high oil
= falling market
James48843
TSP Talk Royalty
- Reaction score
- 765
Re: Birchtree's account talk
I am thinking perhaps I MAY do it yet today. Still got 15 minutes to decide. I like how things are stacking up right now. Got to flip a coin and make the decision one way or the other.
I am thinking perhaps I MAY do it yet today. Still got 15 minutes to decide. I like how things are stacking up right now. Got to flip a coin and make the decision one way or the other.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
Well this is one bull that continues to put his money where his tendentious mouth resides. I liquidated my AGU at $100.91 and that capital gains tax is going to leave a mark for next year. But I'm putting those funds right back to work. I just bought: MER, FNM, LEH, T, WB, BAC, RF, BGG, BMY, EAT, BRO, BWS, BW, BLG, CDI, CHG. I still have available cash so I'll probably continue later today to do more buying - there are just so many good opportunities that need my attention.
Well this is one bull that continues to put his money where his tendentious mouth resides. I liquidated my AGU at $100.91 and that capital gains tax is going to leave a mark for next year. But I'm putting those funds right back to work. I just bought: MER, FNM, LEH, T, WB, BAC, RF, BGG, BMY, EAT, BRO, BWS, BW, BLG, CDI, CHG. I still have available cash so I'll probably continue later today to do more buying - there are just so many good opportunities that need my attention.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
A few more purchases because I'm having so much fun in the danger zone: BYD, RT, KEY, GM, UFS. Now we'll see where I take the hits and I'll be forced out of habit to double down for even more pain. Yes, I'm planning on being rich before I hit the wall.
A few more purchases because I'm having so much fun in the danger zone: BYD, RT, KEY, GM, UFS. Now we'll see where I take the hits and I'll be forced out of habit to double down for even more pain. Yes, I'm planning on being rich before I hit the wall.
Braveheart
Analyst
- Reaction score
- 12
Re: Birchtree's account talk
FATE = LUCK
The dictionary defines luck as 'believing that whatever happens, either good or bad, to a person in the course of events is due to chance, fate or fortune. Everything that happens has a specific cause or causes and there must be some relationships between the cause and the effect. Whatever happens does so because of a cause or causes and not due to luck, chance or fate. People who are interested in luck are always trying to get something - usually more money and wealth.
Best of Luck - Braveheart
FATE = LUCK
The dictionary defines luck as 'believing that whatever happens, either good or bad, to a person in the course of events is due to chance, fate or fortune. Everything that happens has a specific cause or causes and there must be some relationships between the cause and the effect. Whatever happens does so because of a cause or causes and not due to luck, chance or fate. People who are interested in luck are always trying to get something - usually more money and wealth.
Best of Luck - Braveheart
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
You are absolutely correct. When I take the risk I should weep the rewards. I sold off my position in AGU this morning to raise funds to further my asset collection - most stuff is toxic and unloved - but that's how I shop. My first purchase of AGU was at $13.88 when it was a totally dumb move and now I weep the rewards. I say weep because I really hate selling but I do it when I need to make a sacrifice and that's usually to acquire more dull and boring wall flowers that will some day turn into beautiful roses. If more pain is on the way - I say bring it because I'm prepared to buy even more at even lower prices. I'm currently at number 154 on the tracker - I'm really trying to catch Griffin.
You are absolutely correct. When I take the risk I should weep the rewards. I sold off my position in AGU this morning to raise funds to further my asset collection - most stuff is toxic and unloved - but that's how I shop. My first purchase of AGU was at $13.88 when it was a totally dumb move and now I weep the rewards. I say weep because I really hate selling but I do it when I need to make a sacrifice and that's usually to acquire more dull and boring wall flowers that will some day turn into beautiful roses. If more pain is on the way - I say bring it because I'm prepared to buy even more at even lower prices. I'm currently at number 154 on the tracker - I'm really trying to catch Griffin.
Silverbird
Market Veteran
- Reaction score
- 27
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Re: Birchtree's account talk
The Aden sisters seem to be in panic mode - is the bottom here. "The Adens point to a semi-log chart of the Dow since 1982. Note that it's been in a solid uptrend since then, but now the Dow is breaking below this 26-year uptrend. The Dows percentage growth is changing. That is, the booming stock market days since 1982 are over and if the Dow were to eventually retrace 50% of its huge bull market rise from 1982 to 2007, then it cpild theoretically drop to near the 7,500 level, which would be similar to the bear market drop in 1974."
http://www.marketwatch.com by Peter Brimelow - Aden see the bear necessities
The Aden sisters seem to be in panic mode - is the bottom here. "The Adens point to a semi-log chart of the Dow since 1982. Note that it's been in a solid uptrend since then, but now the Dow is breaking below this 26-year uptrend. The Dows percentage growth is changing. That is, the booming stock market days since 1982 are over and if the Dow were to eventually retrace 50% of its huge bull market rise from 1982 to 2007, then it cpild theoretically drop to near the 7,500 level, which would be similar to the bear market drop in 1974."
http://www.marketwatch.com by Peter Brimelow - Aden see the bear necessities
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