eLab's Account Talk

[elab]

imported post

Hello everyone,

Will here from Monterey, CA working with the DOD/DLIFLC - Civilian Officer.

I've had my fund 50% G and 50% I for almost two weeks.

I'm bit worried about my I funds now, made good money due to the high I returns but due to my busy schedule wasn't able to sell yeterday or today.

Any suggestions? I bought the I at 16.23 and it's worth 16.60.

Thanks...

W.

 

[Birchtree]

imported post

elab,

The purchase from $16.23 to $16.60 is a nice gain, but good money is relative in definition. 30,000 shares x $0.47 = $14,100 in my book would be good money. A position of 30,000 shares would require a commitment of $486,900. If you are not in that deep then may I suggest you relax and contemplate why you made your original purchase - if the reasons are justified, then there is only one solution. Buy more with the remaining G fund reserves. If the I fund goes up more, add to your existing position - if it drifts into a pullback add to your position. Build a position through dollar cost averaging - also use your payroll contributions to dollar cost average. Last year about this time the I fund was up 6% ytd - by the end of the year that gain had turned into a 20% ytd.

Most folks who invest in the I fund swing as the dollar swings - that's too much swing for me. If I were to invest in the I fund it would be because of what is happening in Japan - and the potential for that economy. Also with the possibility that the Fed will pause the financial companies which compose 25% of the I fund companies will rally. Also some of the largest companies in the I fund are oil related: BP United Kingdom (3.1%), Royal Dutch Petroleum (1.7%), Total Fina Elf (1.7%), Shell T&T United Kingdom (1.2%). Good luck.

Dennis

 

[Rolo]

imported post

Those gains show strength. Keep it. Buy more on the slowdown/pullback.

63% I here and will sell some C for I soon.

 

[elab]

imported post

Thanks Birchtree and Rolo for your comments.

I initially bought the I funds due to the fact that the shares were low when I made the purchase. As why I went with the I funds, it was due to my gutt feeling that I funds will increase since the $ value is getting low overseas. My allocation prior to the 50G 50I was 100 G, but making few cents here and there was not enough for my future goal.

By nature, I'm an aggressive investor, risk-taker which means I either win big or loose hard but am definently long term investor.

As I feel from both posts "I" seems to have great potential with its swings. So I'll probably hold on my shares for now.

My question is YTD for I funds since it historically yeilds more than the other funds, so is it a win-win situation leaving funds in the I portfolio? When should I sell?

Thanks a bunch.

W.

 

[Rolo]

imported post

elab wrote:

When should I sell?

When you retire.

or

When there are better investments (you think S will outperform I)

or

When you think I will be in a lull/downtrend long enough to go to cash or seek better pastures.


As it stands now, I think my C portion is poised for a good run-up, so I do not want to risk selling a cheap C for a more expensive I. The plan is to sell my C for what I think will be its best profit at the time and if I isn't in a huge run-up, by it...or buy S if its chart looks more favourable.

The question I have for you is that do you think that 50G is the best option for now? Personally, I think C S and I are all good prospects and I am parial to S. If S shows strength next week, I may change my C to S. I am almost never in G; G is only for when nothing looks good anytime soon.