Birchtree's Account Talk

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Technician Ralph Acampora has lowered his correction target to Dow 12,000. Of course I refuse to believe that will happen. I'll simply ride that bump and stay focused on the future.
 
Saved by the bell as they say. My oceanic looked like this: -$70K, +$60K, -$47K, +$78K, +$14K for a positive run of +$35K. I'm now -$20K on the month and if next week doesn't zoom me up I won't be able to snatch that +$1M for August year to date. So we'll see just how close or how far away I can come to getting the +$1M gain - then there is always September and another chance at my destiny - margin is waiting and the buying list is percolating. With margin the more I can spend the more I can make. I haven't had a flameout drive-by in so long I'm starting to feel neglected by those that are envious. Anyway, I picked up another two dividend increase announcements today for a total so far of 112 - that's like getting a cost of living increase.
 
Birchtree said:
Saved by the bell as they say. My oceanic looked like this: -$70K, +$60K, -$47K, +$78K, +$14K for a positive run of +$35K. I'm now -$20K on the month and if next week doesn't zoom me up I won't be able to snatch that +$1M for August year to date. So we'll see just how close or how far away I can come to getting the +$1M gain - then there is always September and another chance at my destiny - margin is waiting and the buying list is percolating. With margin the more I can spend the more I can make. I haven't had a flameout drive-by in so long I'm starting to feel neglected by those that are envious. Anyway, I picked up another two dividend increase announcements today for a total so far of 112 - that's like getting a cost of living increase.
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Hi BT: So here goes my dumb question. I've been reading your posts about "oceanic" accounts. You do mean foreign stock investments right?
 
My oceanic account is my independent account aside from TSP and is also known as my Birchtree 300 mutual fund. I refer to my TSP account as my tugboat because it is smaller. I also have built a sacrificial lamb chop account to save me from any tight spots relating to margin calls. My foreign stock investments are primarily my large cap position in the I fund. The oceanic account is composed of about 95% small cap stocks - my wife has a defined contribution account that is 100% large cap index - as a family unit I think we have it covered.
 
Birchtree said:
My oceanic account is my independent account aside from TSP and is also known as my Birchtree 300 mutual fund. I refer to my TSP account as my tugboat because it is smaller. I also have built a sacrificial lamb chop account to save me from any tight spots relating to margin calls. My foreign stock investments are primarily my large cap position in the I fund. The oceanic account is composed of about 95% small cap stocks - my wife has a defined contribution account that is 100% large cap index - as a family unit I think we have it covered.
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Yep! Looks like you do have it covered. I understand gold is a good thing to invest in to hedge against coming higher interests. too bad our tugboat selection doesn't provide that option. I am thinking to get into nonTsp Roth to see about diversifying that way. Thanks for info on oceanic!:)
 
Birchtree said:
He ain't heavy, he's my brother.

Stock Bear Looms | Adam Hamilton | Safehaven.com
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Just got back in market and read your post. Links therein talk about 90% correction ... So I gotta scratch my head here. Do you think that kind of correction is coming??? Your HUGE into the market. This link is the highest correction prediction I heard of. I heard one the other day on Fix talking about a 50 % correction and thought that was extreme.

The link to an economist talking about future made good points and I do believe a large correction is coming as well but I am only 40% exposed to stock risk right now and plan to watch for start of correction and hopefully pull out in time. Hope there are some signals. Watching for the 50 MA to cross over the 200MA as signal.
 
The time to pull back is when there are few bears in the woods - we are a long way from that point. Right now everyone seems bearish and if they pull out prematurely they'll miss the next ride higher or many rides higher - I'm staying for the long haul but plan to take a few capital gains next year when the wife retires. I believe GFI as a gold stock pays close to a 6% yield.
 
I may have slipped in some bull manure on another thread and if so the possibility exists that I may not be here in the morning - I hope that is not the case but one never knows. If I'm banned again everyone stay long and strong while I'm away.
 
you'll be fine...I'm guessing Tom will be too preoccupied with someone else tonight too worry about you...it's a black tie affair tonight...your front row tickets will be in will call...how can you get banned when the person you supposedly offended gave you
a "like"
 
Well I guess I may be fortunate then that the mask wearing lady is not around to complain. rckn thanks for your response - you knew I was only playing.
 
you are more than welcome to be one of the opening acts tonite...i know you don't like to boast much, but come out of your humble shell and show off your sesquipedalian nature we have all come to love
 
rcknfrewld said:
how can you get banned when the person you supposedly offended gave you
a "like"
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for the same reason why you get arrested for screwing in the park. not everybody wants to see it. some folks don't like it even under the covers with the lights out. and they definately don't want to hear or watch it. to each their own.
 
And the hits just keep coming - feels like American Bandstand. I'll take my pummeling short term for dividend growth long term gains. I have three due today and 13 the rest of the week. So let the Navy boys get to do something fun and bang Syria. I believe QE won't get tapered until sometime in 2014 if then - staying long with our wall of worry. September is a big dividend month for me and weakness means more income added to my income stream with golden prices so I'll just sit back and enjoy my pummeling for now.
 
Birchtree said:
And the hits just keep coming - feels like American Bandstand. I'll take my pummeling short term for dividend growth long term gains. I have three due today and 13 the rest of the week. So let the Navy boys get to do something fun and bang Syria. I believe QE won't get tapered until sometime in 2014 if then - staying long with our wall of worry. September is a big dividend month for me and weakness means more income added to my income stream with golden prices so I'll just sit back and enjoy my pummeling for now.
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BT
I'll just sit back and enjoy my pummeling for now reminds me of "rope a dope" just laying back taking the hits until the foe wears out then the BOOM comes and up we go. with the market moving so fast at the beginning of the year allows for a little profit taking. so i figure i havea little to spare, dont want to be greedy. altho if profits come i will take them with no questions asked.
 
Oops there goes another rubber tree plant. At the end of July my oceanic account was ahead +$800K, August will take a bite out of that. September may give it all back to me - like the tides that roll in and out. The mega trend secular bull remains intact - enjoy the pause that refreshes and buy more golden prices that are waiting.
 
Birchtree said:
And the hits just keep coming - feels like American Bandstand. I'll take my pummeling short term for dividend growth long term gains. I have three due today and 13 the rest of the week. So let the Navy boys get to do something fun and bang Syria. I believe QE won't get tapered until sometime in 2014 if then - staying long with our wall of worry. September is a big dividend month for me and weakness means more income added to my income stream with golden prices so I'll just sit back and enjoy my pummeling for now.
Click to expand...

This will be a good week for you to reinvest your dividends. I'm sure you love buying more shares at lower prices.
 
I just have to ignore the -$100K hit I'm probably going to take today - but the market will have another three days to see the world is still intact and value is available for the longer term investor. I still think my oceanic will clear +$1M some time this fall and margin will provide ample buying power for me to glide into the Christmas rally period.
 
I just looked at the auto-tracker and it appears like band on the run - the premium guys must have the youngsters scared senseless - and I like that. They'll give me a chance to play catchup while they sit in the outhouse. Losing money and still having fun - what a great market. Ferdinand is going to make me wealthy - I can smell it coming in commodities.
 
I reinvested three dividends today at excellent prices - it only cost me -$120K in pain. The $120K will return at some point but my dividend reinvestments create income that may be in perpituity. So I'll remain positive through out the rest of the year, afterall it's not 2008. There's so much cash on the sidelines that we may rebound faster than we went down - if that happens then I'll accept it. But I would like to see a slow progressive rebound so I can participate in further dividend reinvestments in September. Roll the dice and place your bets - this is exciting.
 
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