Davehop21 Account Talk

[nasa1974]

It seems to me that everyone is searching for the answer. I have made 2 profitable trades in the last 2 months but only with 25% of my funds. I believe like Corepuncher says that the only logical thing to do is fund the Gfund. At least you are making money while we wait for a bottom. Some would say why not buy and DCA on the way down. I think you are just losing money that way. When the time comes be ready to move 50% and then 25% more and finally all in as the market warrants. I may be off base but it seems the only way not to let emotions get involved. Why risk anything when there are so many unknowns.

I do think America will come out of this with a vengeance as our spirits always have but until then I am just going to set it and forget it. I too have considered moving future contributions to C,S,I but have managed to resist and been rewarded for it.

Dave at VA

Dave, Good financial strategy. If you where in the G fund or jumped into G just as the market started the tail spin into hell, GREAT move. In my case I would have loved to get into G back in early September but my IFT's where gone. So my only move would have been back to G with very little chance to catch any kind of rally being predicted. I hate using the word lost because I haven't lost anything yet, but my TSP fell so quickly that I felt I had to ride it out just to try and recover some of it back. If I pull everything back to G now I will be loosing shares which will eventually relate to dollars. I am hoping this week will have a sustained rally to allow me to recover some of my losses. Then I will fall back to the G fund for the beginning of November. Just don't have a warm fuzzy for November and December. Good Luck

 

[Steadygain]

Being rather conservative, I prefer to risk only 25%. The whole idea of contributions going straight into the C,S, or I funds is sort of a shotgun strategy and would probably be more stressful and confusing than worthwhile. But don't listen to me I'm just a ditsey broad...:toung:

Oh Mama Mia,
On the contrary...your radiance seeps out like the warm sun's rays basking us in delight. Your words of wisdom reflect an insight and intellect that is often longed for, but rarely encountered. These "shotgun" approaches into C,S, or I are but fleeting moments of anticipated 'JOY' that end in stomach churning 'SORROW'. Being conservative while the Markets are enjoying their 40% OR greater loss is a good place to be. A dip of 25% in uncertain times is excellent advice. I just wish you'd come into our lives a year ago.

But better now - than never.

 

[Moonshadow]

Only a truly creative soul can turn financial chat into something akin to poetry, Mr. Steadygain...thank you.

 

[Steadygain]

Only a truly creative soul can turn financial chat into something akin to poetry, Mr. Steadygain...thank you.

NO - Thank you - honestly I just read something that was very troubling and disheartening - I PROMISE this is really true

and I came to this area hoping to find something to help me end the day on an encouraging note.

You have no idea how much I needed this. THANK YOU so much my sweet and delightful lady...if you only knew.

Good night to all - and have a wonderful evening.

 

[Davehop21]

As long as this is the daily news I don't see how the market can go anywhere but down. Safely in G and waiting for the best opportunity regardless of the # of transfers. I will only need one once I feel we have hit bottom.

Dave at VA

Consumer Confidence Plunges to Lowest on Record- AP Consumer confidence plunged to its lowest on record in October, a private research group said Tuesday, as stock markets dropped sharply and companies laid off workers. The Conference Board said the consumer confidence index fell to 38, down from a revised 61.4 in September and significantly below analysts' expectations of 52.

• Stocks hold gains after consumer confidence falls- AP
• Case-Shiller: Home prices plunge by record 17.7 percent- CNNMoney.com
• European stocks recover; DAX boosted by Volkswagen- AP
• Whirlpool to cut 5,000 jobs by end of 2009- AP
• Fed weighs another rate reduction to limit fallout- AP
• VW briefly world top company as shortsellers caught- Reuters
• Iceland raises rates sharply to 18 percent, others poised to cut- Reuters
• Oil rises near $64 on world stock market rebound- AP
• SPECIAL COVERAGE: 5 Myths About the Election and the Stock Market- BusinessWeek

 

[Moonshadow]

I echo your thoughts Dave. Now if you'll excuse me I have to go water my co-worker's plants; I think he's gone into seclusion or semi retirement or something because no one's seen him for quite a while. He is apparently still alive though, because he occassionally offers his sage financial advice.

 

[Davehop21]

Here is your allowance. Don't spend it all in one place now!

AP
White House tells banks to stop hoarding money






http://us.ard.yahoo.com/SIG=14rn87u...k.net/jump/N5043.yahoocom/B2625737.143;sz=1x1

http://us.ard.yahoo.com/SIG=14r9um0...//ad.doubleclick.net/clk;183831948;22960029;o

 

[Moonshadow]

Good morning...the big day is finally here. It will be interesting to see how the election affects the market over the next couple of days and weeks. Any predictions?
I predict this much...if Obama wins I'm gonna hafta listen to a lot of whining from a couple of people who are near & dear, for the next four years...

 

[Davehop21]

Looks like Wall St is pleased with our new Prez. Man this is buy the rumor sell the news.

Dave at VA

 

[Silverbird]

That was a short little cat bounce - election doesn't do anything for the overall economic situation and the market knows it.

 

[Davehop21]

Trying to get AA for 10.00. Wish me luck.

Dave at VA

 

[Moonshadow]

Best o' luck!!!

 

[Davehop21]

It's for Matt and we got it. I have skin cancer surgery today.

See ya

 

[XL-entLady]

It's for Matt and we got it. I have skin cancer surgery today.

See ya

Dave, don't know if you mean the 'burn it off in the doctor's office' kind or something mroe substantial, but my very best thoughts and wishes go to you and your medical team today!

Lady

 

[Moonshadow]

I hope it's quick & painless as possible. After that, try to enjoy the rest of your day.

 

[Davehop21]

Thank you so much Lady. I have a long history of skin cancer. Too much tie in the sun as a kid. These are 1 inch football size excisions. I have probably had about 50 of them so I have gotten used to it. Thanks for your concern and I am sure it will be fine.

Dave

 

[Davehop21]

Ok, major KUDOs to Squalebear. Tell me if I am wrong please. 10% in C,S,I and rebalance daily would produce these results. If the market goes up you make money. If the market goes down you accumulate more shares at a cheaper price. Now I don't know if we are at the bottom but I think we are near it. I don't see how you can go wrong. Please share any thoughts.

Dave at VA

 

[Moonshadow]

I'm thinking of doing an IFT of 5%-10% into S today.

 

[Davehop21]

Could be a good day for that move.

 

[ezmoney]

Hi Dave, read your post on my post. I live in Greenville, NC but I work at FRCE (Fleet Readiness Center East.) Which is Cherry Point Marine Corps Air Station. I am a Inspector job title is NDI/E Nondestructive Test Inspection/Evaluator. Most people know what we do for those that don't it is Aircraft. I drove it for many years 52 miles one way but I got in a van pool about three years ago and good thing when this gas started skyrocketing. I can retire next June but will probable work seven or eight more years depending on other factors health and finances like most people. Good luck with your investing and take care of those Vets at the VA they deserve it.