Crash of 2011 happening now?

[dpmp]

Okay, guys. I'm just a total N00b without a clue. I just started on this site yesterday. I've got a fair bit of dough in my TSP and it is all sitting divvied up between C, I, S. I'd like to know what you think I should do right now - TODAY - just to get things set so I can begin to study the situation and make smart moves. I thought I would start by putting everything in G, directing my future payday purchases into G and THEN begin to actually think. What do you say? Is it reasonable?

If I were you, I wouldn't do anything to the current arrangement until I know exactly what I supposed to do. Or follow the daily commentary here. I use the commentaries as a starting point to gather ideas on what to do.

Back in the days of unlimited interfund transfers, I did a lot of transfers just to feel good. Then, 5, 6 years ago, when I sat back and looked, I found that I was doing worse than not doing anything at all. You see, back then, I had no idea.

So now, seeing that you are in the same boat, my recommendation is for you to start learning about charting, technical analysis, understanding resistance and support, market indicators... Then make your decision on where to put your money. And do accept the risk you are taking. That's part of the game. I would also recommend that you have an Excel line chart of the TSP funds, then watch and manage your money daily. The first year will drive you nuts, but you'll get over it.

If you like a certain distribution such as those in the L funds, then you distribute your money accordingly, manually. That way, a good fund will continue growing without anyone messing wth it. I don't like using the L funds because of the automatic distribution/rebalance. It's on autopilot and you have no control over that. A good running fund would skew the distribution percentage and somebody would rebalance your money according to their schedule. You would end up losing the advantage. L funds are for your "convenience", not your "best interest".

 

[Birchtree]

rkbarry,

If you buy now you will be buying very close to a real nasty bottom - the best time to throw money at the C fund. Buy it and forget it for awhile - but please continue to dollar cost average into it. You should be more concerned about accumulating shares over time.

 

[malyla]

Okay, guys. I'm just a total N00b without a clue. I just started on this site yesterday. I've got a fair bit of dough in my TSP and it is all sitting divvied up between C, I, S. I'd like to know what you think I should do right now - TODAY - just to get things set so I can begin to study the situation and make smart moves. I thought I would start by putting everything in G, directing my future payday purchases into G and THEN begin to actually think. What do you say? Is it reasonable?

Some things to consider when putting an investment/trading strategy together....

http://www.tsptalk.com/mb/showthread.php?4422-Malyla-s-Account-Talk&p=326699#post326699

This decision is individual and unique for everyone here. Some use paid services and some use a system they developed and share for free. Only you can decide if you are a Buy&Holder like Birchtree; and Trend trader, Swing trader, or TA trader (daily, elliott, etc...) like JTH, Uptrend, and others.

You are on the right track in coming here for info, however, beware fast and easy answers. Education is the key and this website can provide a great deal of info to help you figure out what is best for you and your retirement portfolio.

 

[zacattacker]

Hey everyone,

I traded all of my I funds to the G back when it maxed out at around 22.00, should I transfer it back now that it is back down to 16 or do you think it might keep descending? Thank you

 

[nnuut]

Nobody knows, but it is always better to wait until it hits the BOTTOM and turns around, and that my friend is the hard part.
Best of luck

 

[Elgallo]

Hey everyone,

I traded all of my I funds to the G back when it maxed out at around 22.00, should I transfer it back now that it is back down to 16 or do you think it might keep descending? Thank you

Depends on the size of ones stones! You may want to wear a cutlery glove if ya do.

 

[FAB1]

Nobody knows, but it is always better to wait until it hits the BOTTOM and turns around, and that my friend is the hard part.
Best of luck

If I only knew where every bottom and top was and had 8 ifts a mnth I could rule the world!!

 

[cowboy]

Howdy!! Cowboy here! I have not posted for some time. But enjoy reading the posts. I was wondering if some of the old posters were still on. It is getting to October and usually things begin to pop! I continue to watch the market. You will never hit the low or know where it is the key is to ride it out and score big. If you feel it is bottoming than make a move if not hide in the corner of the arena and let everyone else take the risk and risk is money!

 

[rikarus]

Did the Dow just go below it's lower resistance line?

 

[starfox182]

CAC 40 down 1%, at 2753, close to bypassing the 2009 low at 2702 then the 2003 low at 2618! After that we hit price levels not seen until 1997! Is buying ADR's of the companies in the major indicies a wise decision?

Europe is now all red!

 

[starfox182]

I goofed big time, I was looking at the week of view and not the actual day. The CAC 40 2009 low was actually 2519 and the 2003 low was 2403!