bmneveu's Account Talk

Sort by newest Sort by date
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.
 
bmneveu said:
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.
Click to expand...
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.
 
Buying weakness today. Waist deep at 20C 20S 20I 40G. Leaving some out incase I need to DCA down.
 
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.
 
bmneveu said:
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.
Click to expand...

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.
 
bmneveu said:
Everything is lagging the C fund right now. Gains are gains, but it doesn't give me a warm fuzzy feeling.
Click to expand...

Yep it's a tough call. Seasonality comes to the S Fund on Nov 23rd which further muddies the waters...:notrust:
 
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.
 
You must log in or register to reply here.

Similar threads

russ24567
Russ24567's Account Talk
Replies
1
Views
314
tsptalk
tsptalk
TommyIV
New Highs Within Reach: How TSP Investors Are Positioned
Replies
0
Views
122
TommyIV
TommyIV
tsptalk
  • Article Article
After all that, the S&P 500 ends November with a gain?
Replies
0
Views
115
tsptalk
tsptalk
tsptalk
  • Article Article
Stocks near all time highs entering September
Replies
0
Views
354
tsptalk
tsptalk
tsptalk
  • Article Article
The winning streak is over as December gets off to a rocky start
Replies
0
Views
119
tsptalk
tsptalk
Back
Top