Birchtree's Account Talk

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My wife recently had a facelift and when I look at her I actually feel younger myself. It's impossible to stop the money from coming my way and it will roll on for many more years. So bring on the fear and the good times will follow.
 
Birchtree said:
Now for the bulldaddy lesson. Someone on this board once told me that any portfolio with over 10 stocks was too much to handle. The secret is to diversify your assets and take a little less on the gains. Can you imagine dividing up 10 stocks into $7M - that would be a quick road to ruin for someone like myself, beside I like collecting sweet wall flowers. The point is that after 40 years of saving and learning my standard of living will continue to increase because of my acquired asset base - there is nothing magical about that - just a steady discipline with a contrarian approach. As time goes on I'll harvest from my oceanic account garden and do what ever the wife and I want. The money has been earned and will keep making more money - afterall money likes to make more money. Even daring do Mark Faber is turning bullish - that may require attention. We are in the worst hated bull market in history and that is simply delicious for me - I plan to make a lot more unrealized gains as I grow into my old age.
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Hey Birchtree. Thanks for your great views on the stock market. Always appreciate the sage advice from you. Stay as young as you feel.
 
Well sometimes you just get lucky - I'm loaded up with energy stocks and it looks like Russia is going to create a cold winter in Europe.
 
It was another week on the cumbersome come back trail for my oceanic account: +$39K, -$38K, +$47K, +$11K, +$6K for a splendid gain of +$65K. With the ten year Treasury bumping down to 2.31% today the possibility exists that mortgage rates may be dropping again - we'll know after Jackson Hole. I talked with my Wells Fargo guy today about the advantages, if any, of taking a VA jumbo mortgage - the rates and down payment seem well OK. Working on a preapproval for a $800K jumbo loan for when I go shopping.
 
I already have a 20% position in the C fund and my wife currently has a 100% position in a SPX 500 index - we're covered. Now I'm waiting on Draghi to blow open the doors to the ECB and float a massive QE for Europe. Keep your eye on those coal stocks - they're warming up.
 
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