clester's Account Talk

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clester said:
I am considering selling another 25% today just because I have had a good month already and the risk of a sell off is rising. But I would still have 25% in S fund. Or I could move it to another fund.
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since u recomended 50/50 I have been 25 in G,F,C,S. it has worked well.
it is getting close to go 50/50 G and F for the healthy sell off coming.
 
Valkyrie said:
since u recomended 50/50 I have been 25 in G,F,C,S. it has worked well.
it is getting close to go 50/50 G and F for the healthy sell off coming.
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I'm feeling good about taking some profits today. Although, we could get a little more rally a pullback is coming soon. I think it will start before the end of the month and last into February. But that will be a buying opportunity IMO.
 
clester said:
I'm feeling good about taking some profits today. Although, we could get a little more rally a pullback is coming soon. I think it will start before the end of the month and last into February. But that will be a buying opportunity IMO.
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followed your lead and reduced my exposure

25G, 55 F, 10 C, 10 S

thanks for your accurate moves.
 
Not sure what this week will bring but a pull back will start soon and I'll be looking to get back in. I think we will have a good spring. The clouds seem to be lifting. I definitely want to be in stocks by March. We are overbought in many indexes including $tran and $emw. We could get another percent or so but not much more IMO. I will probably leave my allocation alone until a buying opportunity comes. I have had a good run so I'm not pushing too much.

On a personal note, classes have started again. This semester I'm taking java programming and web design. One of the classes I was going to take got cancelled due to lack of interest (assembly language and computer organization). Glad to be back at it. I'm taking a break from physics this semester to give computer science a try.
 
clester said:
Not sure what this week will bring but a pull back will start soon and I'll be looking to get back in. I think we will have a good spring. The clouds seem to be lifting. I definitely want to be in stocks by March. We are overbought in many indexes including $tran and $emw. We could get another percent or so but not much more IMO. I will probably leave my allocation alone until a buying opportunity comes. I have had a good run so I'm not pushing too much.

On a personal note, classes have started again. This semester I'm taking java programming and web design. One of the classes I was going to take got cancelled due to lack of interest (assembly language and computer organization). Glad to be back at it. I'm taking a break from physics this semester to give computer science a try.
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I would like to learn web design.
 
jkenjohnson said:
I would like to learn web design.
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There are a lot of tutorials on the web if you want to learn on your own. You'll want to look for html5 and CSS topics since its the newest stuff. I'm taking it in a formal setting because I may want to apply for a MS degree. I already have a BS from 1982 but never used it.
 
clester said:
There are a lot of tutorials on the web if you want to learn on your own. You'll want to look for html5 and CSS topics since its the newest stuff. I'm taking it in a formal setting because I may want to apply for a MS degree. I already have a BS from 1982 but never used it.
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Thanks
 
jkenjohnson said:
Since I just got out, it will keep grinding higher.
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It is a very strong market. I think the average investor has finally jumped on board which is making it a dangerous market. People that are looking to buy the dip will keep us from dropping too much probably but profit taking will come.

Its hard to be patient and sometimes waiting to buy the dip is the wrong move. That's why I like the 50-50 strategy. I try to stay at least 50% invested in a bull market. I'm below that now just because of how much we've climbed. The indicator that seems to work the best for me, the RSI, is over 80 in the $tran and it almost never stays up there long. The $emw is at 78. So, my system says sell if it gets to 80 and overrides other signals. I guess well see if it works this time. One thing I keep saying though is that some markets persist longer than you expect and this is a strong run.
 
clester said:
It is a very strong market. I think the average investor has finally jumped on board which is making it a dangerous market. People that are looking to buy the dip will keep us from dropping too much probably but profit taking will come.

Its hard to be patient and sometimes waiting to buy the dip is the wrong move. That's why I like the 50-50 strategy. I try to stay at least 50% invested in a bull market. I'm below that now just because of how much we've climbed. The indicator that seems to work the best for me, the RSI, is over 80 in the $tran and it almost never stays up there long. The $emw is at 78. So, my system says sell if it gets to 80 and overrides other signals. I guess well see if it works this time. One thing I keep saying though is that some markets persist longer than you expect and this is a strong run.
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It is much stronger than I would have ever thought possible.
 
I've been toying with the notion that since taxes have been raised, wouldn't that make it necessary for more money to be put on the table to actually get returns at a competitive rate? I mean sooner or later a nest egg starts to stink if it makes no money. I see many baby boomers trying to get into the retired subset of society and they need to get some money working for them. Thoughts?
 
I'm affraid as more of us boomers retire we will be pulling more money out instead of putting more in. You gotta eat after all and I'm not one for the Alpo plan. I'd just as soon work longer which I think is what most folks will end up doing.
 
Cactus said:
I'm affraid as more of us boomers retire we will be pulling more money out instead of putting more in. You gotta eat after all and I'm not one for the Alpo plan. I'd just as soon work longer which I think is what most folks will end up doing.
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I tend think this way. My parents are in their 70's and refuse to take risk. But they complain about bond returns which are below inflation. I am in my 50's though and retired, but I'm willing to take some risk. So, I think baby boomers will move some to safety I don't think they'll go all ones like my parents. But once retired you start withdrawing for income instead of adding to it.


Whats the bottom line? I'm not sure, but if markets seem safe again folks will give up and hop on board.
 
Cactus said:
I'm affraid as more of us boomers retire we will be pulling more money out instead of putting more in. You gotta eat after all and I'm not one for the Alpo plan. I'd just as soon work longer which I think is what most folks will end up doing.
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That's exactly what I'm saying, alot of the baby boomers need a better cash flow out of their investments. So they will work more, invest more, to achieve more.
 
What an amazing market. it just won't stop. Will it go up everyday this year? I'm getting close to selling my last 25%. If the $emw's RSI gets to 80 thats my sell signal. But an example of how strong this market is, look at $tran. Its at about 85 and still climbing. So, maybe I'll just let it ride until the trend breaks. The trend is your friend.
 
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