Birchtree's Account Talk

[Callme_CO]

Re: Birchtree's account talk

Birch,

I thank you for regurgitating the information you find. I don't care if you do it word for word it still bring me the information. I thank you and everyone else on this board for the help. Otherwise i'd be less of the little investor i am.

Jeff

 

[fabijo]

Re: Birchtree's account talk

as long as you remain bullish.... don't go gerbilish on us.

 

[Birchtree]

Re: Birchtree's account talk

Callme CO,

I will tell you that perhaps as many as 60% of my clients are State of Florida correctional officers - this includes two colonels, several captains and lieutenants and many sergeants as well as a bunch of CO 1s. They are a very tight group. Several of them work part-time as deputy sheriffs. They got a great retirement plan that as a high risk category provides 20% of their salary on a monthly basis - my best client a lieutenant made over $447,000 in three years but recently gave back $60,000 on a temporary basis and is content to continue to purchase shares at a much reduced discount. They understand the value of the buy and hold strategy on a longer term basis and believe me it's a hard discipline to hold out for. I tell them since they are in their saving and investing years any kind of correction or bear market is truly a gift and the longer it lasts the better off they will be to accumulate more shares - after all it's the number of shares that make you rich in retirement. Instead of running from the bear - just give him a great big hug. These are real people with real money on the line and all this recent irrational financial panic will pass and they will zoom right on back because disciplined dollar cost averaging is the redeemer of many an investment mistake. I also got a number of clients that ride the ambulances - they are also high risk and I just picked up a dentist that made his conversion over to the defined contribution plan with very close to $600,000 - we've invested $300,000 of it already and will track the market a little lower on a piecemeal basis. This is a great time to throw money down the well.

 

[Callme_CO]

Re: Birchtree's account talk

Callme CO,

I will tell you that perhaps as many as 60% of my clients are State of Florida correctional officers - this includes two colonels, several captains and lieutenants and many sergeants as well as a bunch of CO 1s. They are a very tight group. Several of them work part-time as deputy sheriffs. They got a great retirement plan that as a high risk category provides 20% of their salary on a monthly basis - my best client a lieutenant made over $447,000 in three years but recently gave back $60,000 on a temporary basis and is content to continue to purchase shares at a much reduced discount. They understand the value of the buy and hold strategy on a longer term basis and believe me it's a hard discipline to hold out for. I tell them since they are in their saving and investing years any kind of correction or bear market is truly a gift and the longer it lasts the better off they will be to accumulate more shares - after all it's the number of shares that make you rich in retirement. Instead of running from the bear - just give him a great big hug. These are real people with real money on the line and all this recent irrational financial panic will pass and they will zoom right on back because disciplined dollar cost averaging is the redeemer of many an investment mistake.

I'm extremely new to tsp and investing and i'm doing research in all aspect. Looking at cd laddering to possible real-estate and stocks. I've read up on you and a few others talking about that same thing. Buying more while a bear market to get the most shares and hold out for the bull market. If it wasn't for this MB and this group of people i wouldn't have an inkling of an idea about wise investing. TY for you time. I don't do the job I do for fun. Squalebear can tell you there aren't many fun days. I do it for the pay and retirement. Again TY for your time i really enjoy reading your thoughts and ideas, as well as ideas you get from other sources.

 

[Guest2]

Re: Birchtree's account talk

I'm extremely new to tsp and investing and i'm doing research in all aspect. Looking at cd laddering to possible real-estate and stocks. I've read up on you and a few others talking about that same thing. Buying more while a bear market to get the most shares and hold out for the bull market. If it wasn't for this MB and this group of people i wouldn't have an inkling of an idea about wise investing. TY for you time. I don't do the job I do for fun. Squalebear can tell you there aren't many fun days. (YES I CAN) I do it for the pay and retirement. (NO ONE EVER GROWS UP WANTING TO BE A C/O) Again TY for your time i really enjoy reading your thoughts and ideas, as well as ideas you get from other sources.

Always a valuable source of information and experience, Birchtree has a
unique way of sharing the massive amounts of knowledge he holds for us.
Forever greatful, I too wish to add my appreciation to his thread as well.

 

[Callme_CO]

Re: Birchtree's account talk

SB i always thought of you as the type that when the teacher asked you what you wanted to be you would say " i want to be a mean ol correctional officer"

 

[Guest2]

Re: Birchtree's account talk

SB i always thought of you as the type that when the teacher asked you what you wanted to be you would say " i want to be a mean ol correctional officer"

If it was my English Teacher in high School, alls I wanted was to be her
boyfriend. I never planned on being a mean CO, but it beats becoming a
member of the KGB. (Kinder and Gentler Bureau). :laugh: Life takes us down many
paths. At this stage of the game, the road leads to retirement benefits.

 

[nasa1974]

Re: Birchtree's account talk

Callme CO,

I will tell you that perhaps as many as 60% of my clients are State of Florida correctional officers ... This is a great time to throw money down the well.

Edited for space.:notrust:

Birch you are a piece of work. You do know how to work a crowd.:laugh:


May the force be with us.

 

[Birchtree]

Re: Birchtree's account talk

"Bank write-offs have been staggering, and many analysts believe some of the writ-offs will later be recaptured as the markets unfreeze and normal business activity returns to banking and real estate. Thus, the earnings we are seeing today for the major indicies are understated significantly from what they are likely to be two or three years down the road. Having said this, we believe the Dow is undervalued even using 2008 projections for dividends and earnings. We have computed the 'fair value'....using these assumptions, we ran the data through our valuation model, and we arrived at a fair value of 13,500.

An important truth that most people miss is that the 30 companies in the Dow will likely raise dividends nearly an average of 10% for 2008, including Citigroup (C) which cut its dividend 40%. That is a clear signal that these major multinational companies do not believe that the economy is going to fall off a cliff."

http://www.stockpickr.com/problog/943

While you are there please see at the same link: Eight Reasons to Buy This Market

What if Braveheart is right and the Fed cuts rates at their 9/16 meeting? Rocket fuel...

 

[Steadygain]

Re: Birchtree's account talk

Birch, my brother, you really worry me sometimes.

You get off on such a tangent - it just drives you crazy and essentially EVERYONE is wondering WTF is going on.

This ordeal with some BS negative (positive) reputation comments. Forgive me Birch, I know it meant a whole lot to you, but to all of us it didn't mean anything - yet you go on and on all over the place until you finally get it out of your system.

Then this latest ordeal - is why I'm even on the MB right now; because I couldn't go to sleep worrying about you BECAUSE OF THE WAY you've been acting. But in some ways I guess I'm just getting to know you and NOW I KNOW when something ticks you off or gets your attention WATCH OUT - CAUSE HELL WILL BREAK LOOSE.

So you can't imagine how thrilled I was to read your post. Birch, there is no way possible I'd ever think of you as MY BROTHER if I didn't know through and through you are a top notch solid guy that knows his s***; and does "his thing" because his way is ultimately the right way and that's why you have what you have and why so many others feel honored to have you deal with their assets.

Birch, it's obvious the information you've blessed us with comes from various sources: they are historical facts, profound insights, and usually "with a bias towards THE BULL". But all of us appreciate your input and the last thing you need to do is get in drawn out wars - but maybe somehow they're therapeutic for you. I see them creating a lot of stress and bad vibes - which makes me wish you'd could just blow it off and move on.

Well anyway, if I become your Client some day -PLEASE DON'T EVER tell anyone how much I have. I don't want anyone to know anything about me - BUT I UNDERSTAND the need to share that and as always you have my deepest respect and admiration.

I really am glad the Birch I've come to love and appreciate is back to his usual form. Thank my friend, your post has really put me at peace.

Your little brother,
Steady

 

[Barney]

Re: Birchtree's account talk

Birch,
I do not post much but I read here a lot. Thanks for posting information that sometimes helps me understand what is going on in the $ world. Keep up the good work.

 

[tsptalk]

Re: Birchtree's account talk

What if Braveheart is right and the Fed cuts rates at their 9/16 meeting? Rocket fuel...

That can be dangerous...

 

[FogSailing]

Re: Birchtree's account talk

Your thoughts seem about right to me Birch. There needs to be more straight talk about the where the strengths in our economy lie and discussion of how to leverage those strengths in each of the sectors. The financial news has been so sour that I hate reading IBD or the Wall Street Journal these days..One should ask why there isn't a comprehensive strategy...a Marshall Plan that's laid out for our nation..but obviously such matters as the economy require real leadership..I quite certain we have a national brain trust but where is it..it seems pretty clear we need more than the talking heads on MSNBC..

 

[Braveheart]

Re: Birchtree's account talk

Doing my more casual reading I stumbled on the Answer:

http://www.tsptalk.com/mb/showpost.php?p=179872&postcount=17


This is more than likely the basis for such a huge move and it makes a lot of since.

As to the question of this link: Our investments are guranteed and have always been safe.

Well that's it for me - have a great weekend everyone.

Thanks I saw that link but it doesn't explain where the $$ went unless it was spent by the Fed for Freddie & Fannie on some purchase. It did not go into the market, Oil or Silver-Gold etc so anyday out of the blue the F Fund could drop and this would be the only explanation not even rate increases or cuts or inflation. We are taking a ponding from everywhere.

 

[Guest2]

Re: Birchtree's account talk

What if Braveheart is right and the Fed cuts rates at their 9/16 meeting? Rocket fuel...

I heard somewhere on TV that there was a indication that
the Fed could surprise us with a weekend Interest Rate cut.
I'm not sure exactly what they saw, but the behavior was
indicative to a eminant rate cut, possibly over the weekend.

Rocket Fuel ? I certainly hope so. :nuts:

 

[nnuut]

Re: Birchtree's account talk

I heard somewhere on TV that there was a indication that
the Fed could surprise us with a weekend Interest Rate cut.
I'm not sure exactly what they saw, but the behavior was
indicative to a eminant rate cut, possibly over the weekend.

Rocket Fuel ? I certainly hope so. :nuts:

I'm sure that we all realize that our economy is trashed and the Gov't is grasping at straws trying to pull us out of this hole before it's too late. With all this happening I can't see a lasting rebound in the near future, just bounce bounce and drop! Capitulation is a must!

 

[fabijo]

Re: Birchtree's account talk

Well, at least we might one day be responsible for the world fearing a Dollar Carry Trade.

 

[nnuut]

Re: Birchtree's account talk

Well, at least we might one day be responsible for the world fearing a Dollar Carry Trade.

To me the Carry Trade is so close to illegal that it smells!!

 

[Steadygain]

Re: Birchtree's account talk

I'm sure that we all realize that our economy is trashed and the Gov't is grasping at straws trying to pull us out of this hole before it's too late. With all this happening I can't see a lasting rebound in the near future, just bounce bounce and drop! Capitulation is a must!

Norm, if I were a girl I'd give ya a hug and kiss for this. I'm not sure anyone on the MB even knows half the story - but these are my sentiments exactly.

Well Birch, I think it's pretty clear you have a huge support system.

Instead of rocket fuel - I see the ice has thinned out and I'm wondering how it's possible everything hasn't sunk deeper. In my opinion a "Rate Cut" would do nothing; The very best thing is for someone to step up to the plate and lay out all the facts 'the real truth' of where we are and why 'no quick fix is possible'.

 

[Steadygain]

Re: Birchtree's account talk

Thanks I saw that link but it doesn't explain where the $$ went unless it was spent by the Fed for Freddie & Fannie on some purchase. It did not go into the market, Oil or Silver-Gold etc so anyday out of the blue the F Fund could drop and this would be the only explanation not even rate increases or cuts or inflation. We are taking a ponding from everywhere.

Braveheart, I feel I've taken over Birch's Thread more than I should. I'll elaborate a response on my Thread - but out of respect to the "PermaBULL #1" - I won't do it here.