Birchtree's Account Talk

[Corepuncher]

Re: Birchtree's account talk

I visited the candy store on the open this morning and bought another 16 dull wall flowers. If we get another leg down I plan to enter the candy store again.

Birch, just so you know, printing your own money is illegal. I may have to report you!

 

[malyla]

Re: Birchtree's account talk

Birch, just so you know, printing your own money is illegal. I may have to report you!

Yah! Stop bogarding that magical goose and share the golden eggs. Umm, I guess you are sharing - in a way:toung: (That goose must be exhausted by now).

G.L. Birchtree. I am routing for you - really. Let's compare notes in 2012.

 

[fabijo]

Re: Birchtree's account talk

Birch, just so you know, printing your own money is illegal. I may have to report you!

:nuts: We need to arrest Ben and his gang!! :nuts:

 

[Birchtree]

Re: Birchtree's account talk

Birchtree enters where angels fear to tread - I'm vacuming up some bargains. In 2006 my broker told me my oceanic account had appreciated 123% - in 2007 I made more than I did in 2008 but I don't remember exactly how much - I'd have to dig out my tax statement. So far in 2008 I've made a profit of $140K and I don't plan to do any more selling, only buying from this point. I have several hundred thousands of dollars to kiss away. As an example: If I had $50K in dividends to reinvest that would be for sure another $500K invested over the next ten years. But actually it will be more than that because most companies increase their dividends every year and when one reinvests a dividend it buys more stock so in the next quarter cycle because there is now more stock the dividend payout is increased - a self feeding system that is on autopilot. Never, ever, cut and run - that's what the market expects.

 

[Steadygain]

Re: Birchtree's account talk

Never, ever, cut and run - that's what the market expects.

This is what most fundamentally seperates one who has much due to patience and confidence over the years and the one who is driven by inpatience and fear.

For the MOMENT you appear to be well under 30% - and this is a moment that feels like it has stretched out for years - and every financial brief continues elaborating on "declining conditions"

But you know it's a a crock of s*** and whatever we are going through (no matter what is involved) will work itself out and when we rise you will gain all the more.

So you have your peace of mind by staying in the game at all costs.

I hope you the best Birch; but for me (and mine) enough is enough and not being involved is even more gratifying.

 

[Birchtree]

Re: Birchtree's account talk

I ended up making 22 individual purchases today trying not to be greedy - afterall there is next week to look forward to. When one can buy a company like AA yielding 7% - that's golden in my book. Another downside next week would be fine with me because my sacrifice is to accumulate more base with income - dividend reinvestment is the redeemer. My last porfolio peak came very close to $2M - the next peak after my recent accumulations will be past that mark on the way to $3M and I feel conbfident about that measure.

 

[Birchtree]

Re: Birchtree's account talk

The best opportunities will come when people are most fearful and pessimistic. It will never feel comfortable to invest after a 40% decline. I did get my C fund at $10.06 on Friday - how great is that. So far on this bottom I've made 124 individual stock purchases and I spent three hours today pricing my next truck load. I've decided not to list my stock purchases because that seems to irritate a few folks so I'll keep the slinky details to myself. But I am having fun absorbing all this pain of golden prices - actually thinking about moving back into some of my favorite commodity plays for another round trip. Profitability resides in the ride ahead.

 

[Birchtree]

Re: Birchtree's account talk

I've been tracking and nibbling on one of my stocks for the last four years - it peaked out at $59 a number of months back and recently closed at $12.50. I doubled down at $15.48 and again at $11.80. This company this week posted an earnings gain up 107% and provided a positive guidance for the future. This market currently is not recognizing any fundamentals but I am. It will be a pleasure to track this puppy all the way back to $59 - I just hope it takes its' time because money is not open ended. But it's a beautiful thing.

 

[Corepuncher]

Re: Birchtree's account talk

Birch, this iphone screensaver was made for you...

 

[Rod]

Re: Birchtree's account talk

Birch, this iphone screensaver was made for you...

He should have a "balls of steel" one too!

 

[Birchtree]

Re: Birchtree's account talk

Nah gentleman it's just common sense - I've been through this stuff time and again and we always have the same end result - the world keeps turning while the bull leg returns. The underlying value of most businesses does not hang on what happens in the stock market, and many stocks overseas have become even bigger bargains than U.S. shares. Fear and panic means you are now unusually prone to acting on a gut feeling, instead of thinking. Has anyone been to a Ruby Tuesday restaurant lately? The stock is selling for $2.20. My wife visited one in Pidgeon Forge, Tenn. and had to wait an hour in line. I remember when Checkers was selling at $0.49 and ran to over $13.00 - you can buy on heck of a lot of shares at $0.49. Now that gas prices are dropping people will use the drive throughs more often or sit down. It's good to see OPEC tightening their production - that means they may be serious about holding the oil price around $80/barrel and that should provide incentive to drill and drill. I'm deep in the energy patch.

 

[poolman]

Re: Birchtree's account talk

Nah gentleman it's just common sense - I've been through this stuff time and again and we always have the same end result - the world keeps turning while the bull leg returns. The underlying value of most businesses does not hang on what happens in the stock market, and many stocks overseas have become even bigger bargains than U.S. shares. Fear and panic means you are now unusually prone to acting on a gut feeling, instead of thinking. Has anyone been to a Ruby Tuesday restaurant lately? The stock is selling for $2.20. My wife visited one in Pidgeon Forge, Tenn. and had to wait an hour in line. I remember when Checkers was selling at $0.49 and ran to over $13.00 - you can buy on heck of a lot of shares at $0.49. Now that gas prices are dropping people will use the drive throughs more often or sit down. It's good to see OPEC tightening their production - that means they may be serious about holding the oil price around $80/barrel and that should provide incentive to drill and drill. I'm deep in the energy patch.

Let me give you some advice Birchtree. Wait 8 more trading day's and you will get the Best prices that you have gotten so far.

Wife will be a millionare in her TSP when we hit new High's.

 

[Birchtree]

Re: Birchtree's account talk

Thanks - I'll be buying those next eight trading days all the way down. I just can't resist a bargain while the money holds out. Lower prices mean better yields and better yields mean more shares. More shares at lower prices means an even better yield - at least I'll let the market come to me as long as I have to wait. I don't like the anxiety of chasing a rally move but I tolerate pain real well.

 

[TRAFFIC_DOG]

Re: Birchtree's account talk

Wife will be a millionare in her TSP when we hit new High's.

Reminds me of a saying.

How does Birch's wife end up with a milliion in her TSP?


............... She gives him 2 million to start with.

 

[Birchtree]

Re: Birchtree's account talk

Hey Sniffer,

My wife has a defined contribution plan that is her retirement account - this allows her to take her money on demand in the increments she wishes thus helping to keep our tax basis under our control. It's a more sane way of doing business - don't take it if you don't need it yet. You can't do that with an annuity or military pension. I hope McCain gets to legislate a drop in the RMD (required minimum distribution) attached to TSP - that would also be a big help in tax reduction. She is riding the Pioneer Fund to its lows which tracks the S&P 500 - adding funds every month at these special prices. No panic in this household. I'm sitting on a couple hundred thousand to spend and plan to kiss it all away because I know better days are on the horizon and I want my share - even if I am the last man standing.

 

[poolman]

Re: Birchtree's account talk

Reminds me of a saying.

How does Birch's wife end up with a milliion in her TSP?


............... She gives him 2 million to start with.

Dollar Cost Averaging is a great way of investing in the long run. And recently the long run has been questionable. If you Dollar Cost Average d's for the last 10 year's you have made exactly NOTHING.

I'm sure that Birtch will be fine this time. It seems he has time on his hands.

I'm 46 and I would have been fine myself. I avoided this mess because I saw it coming. I'm sure that we are not out of this for a long time. Minimum being 3 month's.

Problem with Birth's approach is: It does not fit everyone's investment style. When he Say's he is buying every day, HE IS ALSO SELLING TO BUY... You only see what he is doing with his TSP Account.

Hit's upon Hit's selling to buy Lower. Come on...

Let the Little Guy Know How to do it...:blink:

 

[Birchtree]

Re: Birchtree's account talk

poolman,

I have not sold the first stock in my oceanic account since this break down. I did liquidate some of my commodity stocks back in July to raise cash to buy toxic banks stocks - that now looks to be a prescient move but I also have to contend with $140K in profits. I decided to not take any loss during this acceleration into a verticle descent because I want my asset base fully intact when the turn arrives - I want the portfolio to cheer. I want all the little hands clapping for joy. The heard has been gripped by blind fear that the world is coming to an end - make no mistake I have been pummelled unmercifully and devalued beyond rational scope - but I have lost nothing and am now having my money work even harder buying these golden prices. It is harvest time for those that dare. I've been watching and cheering as the unwashed masses have pushed and shoved and beat their way towards the exits - give me your castaways. I'll gladly take their previously cherished holdings - pusilanimous I''m not. I'm currently waiting on the next 9 to 1 up day. I believe we should view the current trading climate as a technical correction in a longer term bull move but only time and the Shadow know for sure. In the meantime I'm an unbridled buyer and no one can stop me. I cashed in some certificate of deposits that I had in reserve just for times like this - a sacrifice to buy more stocks and eventually the CDs can be replaced.

 

[poolman]

Re: Birchtree's account talk

poolman,

I have not sold the first stock in my oceanic account since this break down. I did liquidate some of my commodity stocks back in July to raise cash to buy toxic banks stocks - that now looks to be a prescient move but I also have to contend with $140K in profits. I decided to not take any loss during this acceleration into a verticle descent because I want my asset base fully intact when the turn arrives - I want the portfolio to cheer. I want all the little hands clapping for joy. The heard has been gripped by blind fear that the world is coming to an end - make no mistake I have been pummelled unmercifully and devalued beyond rational scope - but I have lost nothing and am now having my money work even harder buying these golden prices. It is harvest time for those that dare. I've been watching and cheering as the unwashed masses have pushed and shoved and beat their way towards the exits - give me your castaways. I'll gladly take their previously cherished holdings - pusilanimous I''m not. I'm currently waiting on the next 9 to 1 up day. I believe we should view the current trading climate as a technical correction in a longer term bull move but only time and the Shadow know for sure. In the meantime I'm an unbridled buyer and no one can stop me. I cashed in some certificate of deposits that I had in reserve just for times like this - a sacrifice to buy more stocks and eventually the CDs can be replaced.

I will be clapping along with you when the market turns. As you know the market is still declining. A push to the exit gates has not been to get into the market but out.

The problem is you did not see this calamity coming. And even if you did you would say DCA.

Whatever, I'm Up 85K.

My point being your approach does not fit everyone. And neither does mine.

Other's did.

 

[Birchtree]

Re: Birchtree's account talk

I'm only here to learn from others and to show anyone interested what I'm doing to stay afloat. Certainly I didn't believe the stupid subprimers could cause this mess - and greed would push it along. But we are where we are and tomorrow is another day. I'm glad that you have made $85K now all you have to do is hang on to it. I've been devalued in m y tugboat account about 6 times your gain but my shares are still there and I recently bought 80 shares of the C fund so I'm content to let things alone on auto-pilot. Who knows where the next two months might lead the bottom fishers on the auto-tracker - we have all displayed immense courage in holding our positions - right or wrong. In this business the leaders have a way of fading so best wishes.

 

[poolman]

Re: Birchtree's account talk

I'm only here to learn from others and to show anyone interested what I'm doing to stay afloat. Certainly I didn't believe the stupid subprimers could cause this mess - and greed would push it along. But we are where we are and tomorrow is another day. I'm glad that you have made $85K now all you have to do is hang on to it. I've been devalued in m y tugboat account about 6 times your gain but my shares are still there and I recently bought 80 shares of the C fund so I'm content to let things alone on auto-pilot. Who knows where the next two months might lead the bottom fishers on the auto-tracker - we have all displayed immense courage in holding our positions - right or wrong. In this business the leaders have a way of fading so best wishes.

Leader's either Fade or go Private. I know what your saying. I'm not going anywhere. I promise.

I will be up > 20% next month. I promise...