Birchtree's Account Talk

Sort by newest Sort by date
I just finished my taxes - my that form 6251 (Alternative Minimum Tax) is simply wicked. Another day of weakness and a small blessing for me - I have 14 dividends due tomorrow and golden prices are in view. So I take it as it comes - no reason for panic. Mom and pop get ready your turn has arrived.
 
Today was a funnt day. Last Tuesday when the Dow was +227 my oceanic account brought home +$119K - today with the Dow -231 my oceanic gave up -$64K. I think it's only one of our usual consolidations that we must experience and an opportunity to buy better pricing. This is not a market to short but some will try and get robbed in the process. I still have many dividends over the next several weeks waiting to go to work. Even if it's an aging bull's favor, it's still cheap to borrow to buy and build. Look to the future and plan accordingly and build positions.
 
I did manage to get some nice dividend reinvestment golden prices this week, I only wish it didn't cost me so much up front. But it has to hurt somewhere to get the long term blessing. Here is what my oceanic did this week: -$35K, -$68K, -$3K, -$64K +$10K for a handsome give back of -$160K. Now I have two more weeks of dividend action so I won't complain because it's all in the sacrifice to build the income stream. At least my taxes are finished and I avoided the obamacare 3.8% extra tax and the 0.9% medicare tax - just have to keep a handle on my AGI. When my wife retires I can take some capital gains.
 
I was sweeping my street gutters picking up leaves yesterday when I found a nickle - so I cleaned it and put it in my pocket. I spent 40 years saving and investing and now I'm ready to tackle the bull and make serious money - I just know there is going to be plenty of opportunity in 2014, perhaps even more gains than 2013 - one just has to remain prepared when the flood gates open and mom and pop rush to get invested. You'll hear the cry from the hinterlands - get me in at any price. Snort.
 
From Jason Zweig of the WSJ: "The pain of missing out on the tripling of the U.S. stock market since March 2009 has become almost unbearable for many investors who have been watching from the sidelines, financial advisers say. Some who got out of stocks five years ago are fixating on how much richer they would have been if they had stayed put. Others are suffering the social distress of listening to friends bragging about their bigger returns. After U.S. stocks returned 32% last year couples are asking themselves, 'Uh-oh, what have we done?' They asked to put at least half their money back into stocks - all at once. Several other financial advisers told me this past week about clients who are chafing to move most or all of their money into stocks. Often, those who lost the most in 2008 and 2009 - and begged to be taken out of stocks entirely - are the most eager to pile back in now. And if you feel you absolutely must buy more stocks to catch up, do so gradually by tiptoeing in over the next year or two in equal monthly installments. That is especially important when you bear in mind that U.S. stocks fell 57% between 2007 and 2009; if you couldn't stand that pain then, you have no business clamoring to buy stocks now." Don't hurry, you'll have years to get whole again while the strong hoofhearted zip forward.
 
If we can get a triple digit gain today, then we only need two triple digit gains back to back for a new record - this might be the week it happens. And if it happens much anxiety will push money faster into the market - let the good times roll.
 
Finally a little sweet rain - bring it to me and my wall flowers. Wall flowers need some light rain for growth - they can't appreciate on love alone.
 
You must log in or register to reply here.

Similar threads

TommyIV
  • Article Article
TSP Talk AutoTracker Insights: TSP Investors Lock in Gains
Replies
1
Views
745
tsptalk
tsptalk
tsptalk
Problem with IFTs on Monday morning
Replies
3
Views
380
FireWeatherMet
FireWeatherMet
tsptalk
  • Article Article
The winning streak finally ends as stocks dip to start the week
Replies
0
Views
200
tsptalk
tsptalk
tsptalk
  • Article Article
Stocks continue to act well despite some obstacles
Replies
0
Views
96
tsptalk
tsptalk
J
TSP beneficiary question
2
Replies
26
Views
1K
evilanne
evilanne
Back
Top