Gegors Account Talk

Sort by newest Sort by date
G

gegor1957

Member
Don't post much but I figured I should stop hijacking others threads out of courtesy. About me, for anyone that cares. I follow multiple premium service here, best value in the finance world I believe..."in the multitude of counselors there is safety". I have found the forum filled with some excellent insight, especially some of the chartists like JTH and Bquat, thanks for all you folks do. I tend to be better at reading the "noise" than the charts so for the chart readers I am grateful. Not sure how much I'll post or if helps anyone but a word of caution, after 15 years I am still an emotional trader so please read all with that in mind. Good luck to all.
 
My biggest concern going into Tuesday is Jack Lews comment that "we will hold China accountable" referring to their Yuan manipulation after the Chinese markets closed. I have not seen Xi Jinping see a line in the sand that he hasn't crossed just to show that he is not under any foreign countries controls. I believe Jacks saber rattling may be answered once the Chinese markets reopen or shortly thereafter. IMHO
 
Random thoughts
7/1/07 Approx. High of previous bull market.....1526
1/1/15 Approx. High of current bull market.......2067
1921 Currently about 7% off high or 27% retracement
1860 is approx 38.2% retracement with 1797 a 50% retracement or 13% from high.
A 13% correction in a bull or an inflection point in a bear??? No clue and I have no idea if any of this will play out or if it is even accurate, just mindless ramblings for entertainment and profit.
 
I do not trust this market at all and until it picks a side, continuation of the bull or beginnings of the bear, I'm sitting on my hands. I'd rather miss some gains than get caught in the middle. Looking at 1988 and 2000 on the S&P for direction but with HFT a drop could be swift and dangerous. Being a retired old guy preservation is key for me.
 
So will we retest the August lows or was that already an extended retest of the October 2014 low with an expanded 10 months of volatility, consolidation and noise. For me the market is propped up on mergers and QE but it should be a hell of a week.
 
Not sure if this is the best place to post this but here goes. Does anyone have any experience with Ameriprise Financial ? My wife has a 401K with them and it seems that there is a myriad of obstacles to move funds. All her transactions have to be emailed to the adviser followed by a phone call from him and then a follow-up call from his admin. asst. to confirm before transaction takes place sometime in the next 2-14 days. I just switched her to a brokerage account so I can manage her account online for that privilege she has to pay $50 per year and $16+ per trade. Now I am trying to get them to stop putting her contributions into her old mutual fund which will cost me $16+ per week to move the money. Can't withdraw it until she retires and it doesn't make sense to stop contributions with the employer match. Question is:do others have similar issues with 401Ks or am I just not used to services outside of TSP or online brokerage accounts ?
 
gegor said:
Not sure if this is the best place to post this but here goes. Does anyone have any experience with Ameriprise Financial ? My wife has a 401K with them and it seems that there is a myriad of obstacles to move funds. All her transactions have to be emailed to the adviser followed by a phone call from him and then a follow-up call from his admin. asst. to confirm before transaction takes place sometime in the next 2-14 days. I just switched her to a brokerage account so I can manage her account online for that privilege she has to pay $50 per year and $16+ per trade. Now I am trying to get them to stop putting her contributions into her old mutual fund which will cost me $16+ per week to move the money. Can't withdraw it until she retires and it doesn't make sense to stop contributions with the employer match. Question is:do others have similar issues with 401Ks or am I just not used to services outside of TSP or online brokerage accounts ?
Click to expand...

After switching to a brokerage account and preparing for my 1st trade on their platform it shows they actually charge $19.95 plus a $6.00 handling fee for each equity trade. Cancelled the trade, now I have to decide if it better to use the account to hold dividend stocks, mutual funds or just take the $50 hit to buy and sell an equity ? The account may not be large enough for the third option. Any opinions?
 
Made my first trade on my wifes Ameriprise account, bought 2000 shares of an ETF, cost $49.95 + 6.00 handling fee. The same trade in my Scottrade account costs about $7.00. Looking forward to her retirement so I can roll it into her IRA and out of their their control.
 
The August 31st 2011 chart going forward is eerily a mirror of the current market. Where do we go from here is the question ?
 
I agree G. I have noticed that pattern and have had the same thoughts. The difference: in 2011 we were entering a bull market and in 2016 we are entering a bear market. This week showed a a head fake on Tuesday by the smart money and they have made some bucks in Dow and SPX. Notice that the Dow and SPX are making better returns than the other indices right now. That tells me we're more bearish next week. So, I think we have to be very vigilant about reading the technical indicators, being smart about the economic calendar, and very sensitive to the news. I thought 2011 was rotten tomatoes but I think this bear market will teach me some new lessons....and I hope they aren't all painful.:D

Best luck to you in your investing!

FS
 
FogSailing said:
I agree G. I have noticed that pattern and have had the same thoughts. The difference: in 2011 we were entering a bull market and in 2016 we are entering a bear market. This week showed a a head fake on Tuesday by the smart money and they have made some bucks in Dow and SPX. Notice that the Dow and SPX are making better returns than the other indices right now. That tells me we're more bearish next week. So, I think we have to be very vigilant about reading the technical indicators, being smart about the economic calendar, and very sensitive to the news. I thought 2011 was rotten tomatoes but I think this bear market will teach me some new lessons....and I hope they aren't all painful.:D

Best luck to you in your investing!

FS
Click to expand...

Always appreciate your take, thanks for your insight.
 
That 1937 graphic is also amazing. I hadn't seen it before and in my mind is much closer to our current situation than the 2011 simply because of the cycles in place. I've been expecting the bear to show up....had hoped for late January but I think he may decide to wake up earlier. Come On SANTA!!!!Give us our presents before the Grinch steals Xmas!!!

FS
 
Monday morning and Ameriprise is down for maintenance again, odd how they seem to shut it down during high volatility times, guess they don't want traders competing with their "financial scammers". Can't wait until my wife retires so I can pull her money out of this company and put it in a real brokerage firm. These guys have some of the highest fees and slowest execution times, with their online complaints I'm surprised the SEC hasn't investigated this company.
 
Tried to sell 1000 shares of SPXU this morning in my spouses Ameriprise account and was told it would be 2-3 days before I could sell them since they had a 4-1 split and it will be a while before Ameriprise updates. After 2 phone calls, 25 minutes each, they had me talk to a "coach" who tried to blame Proshares until I mentioned I was trading SPXU all morning in my other accounts. This is a new low even for Ameriprise, if it wasn't in an employer sponsored account I would pull the plug. Caveat emptor, this company is bad news. Thanks for letting me vent as I watch profits go out the window.
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - The charts look good, but it could start getting choppy
Replies
0
Views
378
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Did the positive seasonality chart just change?
Replies
0
Views
945
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Where is the October volatility?
Replies
0
Views
201
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Nvidia reported yesterday after the bell and futures are quiet
Replies
0
Views
105
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Fed cuts 50 basis points
Replies
0
Views
2K
tsptalk
tsptalk
Back
Top