bmneveu's Account Talk

Boy am I a sucker for falling knives. I would probably be jumping in today if I had any IFTs left. It's probably best that I don't. Guess I'll hope the rally doesn't happen before April.
 
Boy am I a sucker for falling knives. I would probably be jumping in today if I had any IFTs left. It's probably best that I don't. Guess I'll hope the rally doesn't happen before April.
I've got an IFT. And I'm a sucker. Dangerous combination when falling knives are in play... :blink:
 
At +2.09% for the year, I am now beating the C fund (as well as G and F) after it took today's shellacking. Time to climb to the next rung.
 
Anyone trying to catch this falling knife?

I haven't had my attention on the markets for awhile now but this volatility grabbed me. Hawaii's time zone has made it difficult for me to stay involved. By the time I wake up we are either approaching the IFT deadline or already past it. I'm gonna have to take some time tonight to see if I want to put the rest of my chips in to get these cheaper prices. If nothing else, my contributions are going into C and S, so I'll buy a few shares on discount at the beginning of September if we are still down here.
 
I hit a nice round number milestone in my TSP account this past week. Mostly due to contributions because the market has been so choppy, but the recent climb back was certainly welcomed. I'm sure I'd still be making ~1%/yr in the G fund if I had never found this site and community. You guys are the reason I will be able to retire at a decent age :)
 
Has anyone ever thought about building up an account invested in dividend paying stocks and then living jobless ("retired") off the payouts? The account would need to be pretty big, but could snowball up to it if you reinvest the dividends until it gets there. If you think the account will average 3.5% payouts, that would give you $35K a year on a $1M account. Give 15% to the man and you're somewhere around $30K. I suppose you could live happily on that if your house and kid's college plans were paid off. Not much to travel/vacation on though. It all depends on expenses. If the wife likes shiny things that probably won't be enough. Double everything: $2M account would give you $60K a year. That money would go further in a cheaper area. I don't think it would work in Hawaii. This place is so damn expensive. Thankfully I make most of my purchases on base at government-subsidized commissaries and gas stations. Anyway, I guess I need to find $2M somewhere so I can retire early and live off the dividends.
 
Has anyone ever thought about building up an account invested in dividend paying stocks and then living jobless ("retired") off the payouts? The account would need to be pretty big, but could snowball up to it if you reinvest the dividends until it gets there. If you think the account will average 3.5% payouts, that would give you $35K a year on a $1M account. Give 15% to the man and you're somewhere around $30K. I suppose you could live happily on that if your house and kid's college plans were paid off. Not much to travel/vacation on though. It all depends on expenses. If the wife likes shiny things that probably won't be enough. Double everything: $2M account would give you $60K a year. That money would go further in a cheaper area. I don't think it would work in Hawaii. This place is so damn expensive. Thankfully I make most of my purchases on base at government-subsidized commissaries and gas stations. Anyway, I guess I need to find $2M somewhere so I can retire early and live off the dividends.

that is the 'birchtree' strategery.

it works pretty good if you got $3M laying around. but first you got to get $3M laying around. and that takes time.
 
Everything is lagging the C fund right now. Gains are gains, but it doesn't give me a warm fuzzy feeling.
 
After today I've climbed up to within a tenth of a percent of the G fund. I would like to at least beat that for the year to reclaim a semblance of dignity.
 
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