DreamboatAnnie's Account Talk

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DreamboatAnnie said:
Hi Maricar19, I am determining that I do not know what the heck is happening. I just read MJR's post and it makes so much sense. Aging bull... I just keep hoping the shoe does not drop when I am in it 100%. Right now, I feel I should be out of this market. But I am going to stay in it until at least Friday.

If I can get out relatively unscathed, I may take a rest, regroup and try to execute with more discipline. I tell you one thing.... I am definitely NOT going to be in the market in September. By mid-June I want to be out and then only go in when indicators are fairly clear---but I am afraid this market is just so on edge that it will continue to have great fluctuations and very short upward trading days.

Best wishes to you and to everyone on their investments!!!!! :smile:

P.S. Commentators keep saying the market has more room for upward growth, but my gut says no. Oh well... if I am wrong it certainly would not be the first time.
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Hard for me to get out unscathed..it's a looooong climb up!
 
Maricar19 said:
Hard for me to get out unscathed..it's a looooong climb up!
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Yep... I feel your pain. Let's see what tomorrow holds. Even with the drops today, I am thinking we were lucky it did not drop much more. We need some very positive economic news. I think that is really what is driving the market right now. Wish you the best on your investments and to everyone !!!!!! :smile:
 
DreamboatAnnie said:
Thank you for the articles... very informative and much appreciated!!! :D
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You're quite welcome. Please know that I enjoy your entries and am always learning new stuff.
20/20 hindsight now but I wished I had gotten out in mid-April. Looks like I ignored 'Sell in May and go away' at my own peril. Live and learn. :rolleyes:
 
Gosh. Even weeklies show downward... I think it will continue. Will watch market this morning. I really want to bail from S and C..... As for I fund... Hum...
I may ride on with it ..down more?? But really this is insane. Take the loss and buy in later at a clear bottom??? Just don't know at this point. Will make a last minute decision this morning.
 
DreamboatAnnie said:
Gosh. Even weeklies show downward... I think it will continue. Will watch market this morning. I really want to bail from S and C..... As for I fund... Hum...
I may ride on with it ..down more?? But really this is insane. Take the loss and buy in later at a clear bottom??? Just don't know at this point. Will make a last minute decision this morning.
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Same here.

Sent from my XT907 using Tapatalk
 
DreamboatAnnie said:
Gosh. Even weeklies show downward... I think it will continue. Will watch market this morning. I really want to bail from S and C..... As for I fund... Hum...
I may ride on with it ..down more?? But really this is insane. Take the loss and buy in later at a clear bottom??? Just don't know at this point. Will make a last minute decision this morning.
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Finding that clear bottom is very difficult, if not impossible.
 
I ended up staying in....maybe yesterday was just spurred on by Yellin. I think someone needs to yell at her to keep quiet! :sick:

Well... I decided to stay in because I keep remembering that the last two years, there is a drop typically near start of May (about this time) and then it recovers... then I think a drop again towards end of month and then up again into about mid June. AS for June, that is because the Fed talks around the 17th or so... or least that is what I recall. But will see. Please don't clobber me for not having my crystal ball... its been rolling in the mud for quite some time now!!! :D

Best wishes to everyone on your investments!!! :smile:
 
jkenjohnson said:
It's like dying a death of 10,000 cuts.
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That is exactly right! That is how I was feeling late last night when I started trying to look at the charts. Agony! But you know, I just need to get back to a straight clear cut strategy and try to not think tooooooo hard on it. But then again, you have to...no choice..... you almost can't count on the indicators because they are soooooo skewed by what the Fed says, and because the market is very skittish right now. I know I feel that way, so it doesn't take much to make me want to shoot for the exit door. CAUSE: Bad memories and the trauma of 2008/2009---DEEPLY embedded in memory and it will never go away!!! :cool:

okay... but I really shouldn't cry. :rolleyes: I stayed in it and recovered it back in about a year or so as I recall ... :banana: ... I know... still not as good as it could have been if I had exited in July 2008 (.....as I thought I had, but actually hadn't ...brain was on vacation... long story... don't ask). But any how....sooooo glad I was not actively managing my account at that time because I probably would have pulled it and lost out on the recovery.
 
Dreamboat, if we had unlimited IFT's, the decision to exit would be easy. I will be moving my TSP out to a self directed IRA as soon as I retire because of the limitations placed on us. The best thing about managing you own account is that you don't have to wait til the end of the day to determine your buy and sell price. Good luck with your decision, I hope the bottom is close and maybe we will see a rally start by mid week.
 
rspring said:
Dreamboat, if we had unlimited IFT's, the decision to exit would be easy. I will be moving my TSP out to a self directed IRA as soon as I retire because of the limitations placed on us. The best thing about managing you own account is that you don't have to wait til the end of the day to determine your buy and sell price. Good luck with your decision, I hope the bottom is close and maybe we will see a rally start by mid week.
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Yes.....can hardly wait for that retirement day! You hit a key point: Gotta have a stop.

I like using crossovers as my Stop. But even with a set dollar amount, or SMA, or % drop, it gets difficult to execute when you must pause to try to figure out if the drops might be temporary/short-lived because it is artificially caused. Yep...the limited IFTs and 4-hour lag in locked-in execution are really just beyond what any of us should need to put up with. Plays heavily into the equation.

Look forward to when I can self direct my retirement funds in an IRA. I must admit that I have not yet looked into the actual terms we must operate under. I need to get on that. I'm sure there are lots of strings.

Will see what happens tomorrow with the unemployment numbers. Hope you do well too! :smile:
 
A bear market is miles and miles and miles away - a good consolidation is always a positive for a contrarian like myself. I'm always buying something essentially every day. The best thing about an IRA is the IRS doesn't care what the heck you do unless you take money out - then they are in your pocket. I currently have around 876 dividend hits/year - that's money like an income stream.
 
Birchtree said:
A bear market is miles and miles and miles away - a good consolidation is always a positive for a contrarian like myself. I'm always buying something essentially every day. The best thing about an IRA is the IRS doesn't care what the heck you do unless you take money out - then they are in your pocket. I currently have around 876 dividend hits/year - that's money like an income stream.
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Hi Birchtree, That's awesome. Dividend paying stocks are kinda like rental property providing an income stream without the headache of collecting rent and making large capital improvements. Just need to pick reliable healthy companies to invest in long term. You've obviously done very well!! Best wishes and thanks for the information.
 
Birchtree said:
A bear market is miles and miles and miles away - a good consolidation is always a positive for a contrarian like myself. I'm always buying something essentially every day. The best thing about an IRA is the IRS doesn't care what the heck you do unless you take money out - then they are in your pocket. I currently have around 876 dividend hits/year - that's money like an income stream.
Click to expand...
Who do you have your IRA through and what kind? I have a Roth through USAA in a Cornerstone Aggressive fund. It's got good potential for growth since it's just starting out, but not sure there's many dividends. So far I've only see Year-end dividends...
 
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