Griffin Account Talk

[pyriel]

Good management? Is making an IFT that is solely based on a tally of top performers good management? If it is then fine, but I don't believe it is.

People have different skills which means that they may be good with one thing but requires help with others. I agree that solely relying on top performers might not be the best management of their funds but for some, it might be the best thing they may have.

To me greed would be the desire to acquire material wealth without sound strategy.

I concur and I also look at greed as a desire to acquire wealth without a requirement for it. I believe that we are all here because we want to help each other and to accumulate wealth so we can retire comfortably (to me that is a requirement). Just by being here alone to me is already a sound strategy vs. those majority who has no idea on what goes on with their TSP and also those who are not even contributing to it.

Accumulation with a good plan is perfectly fine but I think when greed enters then things suffer. Like balances....TSP and soul. You must keep a soul balance or life around you will deteriorate i.e. family, work, TSP.
And if it deviates from what you know then you should determine the reason for the deviation.

I like your thinking about balances. I believe that sometime we lose focus on what we are doing here and we become so involve on what people are saying that it affects our relationship with one another. I like it here. I've learned alot and continue to learn. I just hope that everyone continue to share.

Pyriel
PS... Now how do you make a border out of someones post? ;-)
bracket,quote=name,bracket..........bracket,/quote,bracket

 

[Griffin]

I am not even going to attempt nesting quotes in all of this. Let me first start by saying I completely exhausted my knowledge of the Harry Potter series with the Ravenclaw comment (I have seen all the movies, but never read the books....my wife has though....and every movie comes complete with a running dialogue.....yeah....:blink: )

Am I getting this right:

It's good to accumulate wealth using methods based upon one's skills, knowledge and experience, but the accumulation of wealth through luck is reckless greed?

I can live with that definition and it clarifies some of the things you've said. think about this: I could hire someone to manage my retirement fund, or for free, I could amalgamate a little data from this site and let that be my management technique. I often look at what other folks are doing and adjust my actions accordingly. I don't see that as hedging a bet (gambling), it is simply leaning on the success of others. I'm willing to bet that those that consistently are in the top ten, collectively spend a tremendous amount of time sifting through data and doing analysis which all culminates in an IFT. While we may be blind to the research, we know it's occurring, no one is successful through guessing.....including you. So, I would not characterize the previously proposed method as greed.

PS....There are 115,000 foreclosures on the market right now....I bet you some of them are those 4000 sq ft mansions.....hmmmmmmmm......ooops got to go......three hours to powerball, better start sorting my tickets

 

[Show-me]

LUV THE POWERBALL!!!

 

[Wheels]

First to Griffin. Excellent one day move out of the S and into the I. I fund posted .722% today while the S is currently down almost as much (with 45 minutes to go).

Second. As far as watching the leaders and emulating them. That might have been the way to go today. 4 of the top 6 people in the tally where in the I today. A fifth was partially in the I. Then there was me, stubbornly clinging to the S and getting kicked in the teeth for it.

 

[FundSurfer]

First to Griffin. Excellent one day move out of the S and into the I. I fund posted .722% today while the S is currently down almost as much (with 45 minutes to go).

It will be interesting to see if the EAFE holds onto the gains tommorrow.

 

[Griffin]

It will be interesting to see if the EAFE holds onto the gains tommorrow.

Dave - thank you.

FS - If we get stripped of the gains through FV tonight, I may hang out in the I through Monday. As you mentioned earlier - the foreign markets are riding low in their channels - I really do not see a catastrophe developing here.

This is totally a gut feeling and has no basis in reality but....my crusty balls tell me - the CPI data is going to come out tomorrow and folks are going to realize we are NOT headed for a recession, then the Fed is going to throw us a rate hike, and folks are going to realize that the economy is still trucking along, too fast. I don't want to get all Birchtree here, but in my gut, I feel we are headed for a rally that leaves us a solid 2-3% over May's highs - despite the common logic you would hold for the CPI and the Fed.

 

[sugarandspice]

I am not even going to attempt nesting quotes in all of this. Let me first start by saying I completely exhausted my knowledge of the Harry Potter series with the Ravenclaw comment (I have seen all the movies, but never read the books....my wife has though....and every movie comes complete with a running dialogue.....yeah....:blink: )

Ok see Lord Voldemort has split his soul into seven pieces and sealed each piece with an object. This object is known as a horcrux. Harry must find each horcrux and destroy it in order to destroy Voldemort. The sorcerors stone and the Diary of Tom Riddle were both horcruxes. Also Dumbledore destroyed a ring belonging to the founder of Slytherin's house which was also a horcrux. 4 more to go but they are not defined as of yet. I know I could have saved it. I thought it would irritate you though. Sorry.

Am I getting this right:

It's good to accumulate wealth using methods based upon one's skills, knowledge and experience, but the accumulation of wealth through luck is reckless greed?

Luck is good. Unsound methods are not good. If you get lucky with them then more power to you, but they will burn you in the long run and what would be the reason for using them? Probably like my FV bail in/out conspiracy theory.

 

[Griffin]

......I thought it would irritate you though. Sorry.

Luck is good. Unsound methods are not good. If you get lucky with them then more power to you, but they will burn you in the long run and what would be the reason for using them? Probably like my FV bail in/out conspiracy theory.

Do I detect some hostility? It was not my intention to antagonize you but it does bother me to think that folks might interpret our actions as being motivated by greed....this has been something that has been rolling around in my mind ever since Tom talked about going on that DC radio show.

Thanks for the Harry Potter update. I'll be sure to stun my wife with that little tidbit when the moment presents itself.

 

[sugarandspice]

No hostility at all. I didn't know if the Potter diatribe would go over well with you. It is factual though. And just for the record for you and everyone else that reads this, if it ever seems like I am mad or hostile it is simply a misunderstanding. No one here can make me mad or upset by anything they say. You are all just hallucinations in my never-ending mushroom ingesting fantasy world. So if you choose to believe your real...well then that's your problem.

 

[Griffin]

......hallucinations in my never-ending mushroom ingesting fantasy world......

One pill makes you larger,
And one pill makes you small,
And the ones that mother gives you,
Don’t do anything at all.
Go ask Alice,
When she’s ten feet tall.

And if you go chasing rabbits,
And you know you’re going to fall,
Tell’em a hookah smoking caterpillar,
Has given you the call.
Call Alice,
When she was just as small.

When the men on the chessboard,
Get up and tell you where to go,
And you’ve just had some kind of mushroom,
And your mind is moving low.
Go ask Alice,
I think she’ll know.

When logic and proportion,
Have fallen softly dead,
And the White Knight is talking backwards,
And the Red Queen’s “off with her head!”
Remember what the Dormouse said.
Feed your head, Feed your head!

 

[nnuut]

The "I" helped me some today, but I got in one day late!!!! It seems that is the way it works lately, big gains for 1 or 2 days and down she goes, hard to time with all the unknowns. Now, I'm sure that everyone knows that GREED should be held in a different perspective for a POAss than for a big money man. Being a PoAss myself Greed is GOOD, for Mr. Gates and such it may be excessive but for me it is respectable and admired by my peers, I would think. What is the big deal, we are all here to make as much money as we can, after you get it give it to charity if you feel guilty, or better to me! DUH!!!!:notrust:

 

[Griffin]

LUV THE POWERBALL!!!

Once again it did not luv me back :nuts:

 

[The_Technician]

The "I" helped me some today, but I got in one day late!!!! It seems that is the way it works lately, big gains for 1 or 2 days and down she goes, hard to time with all the unknowns. Now, I'm sure that everyone knows that GREED should be held in a different perspective for a POAss than for a big money man. Being a PoAss myself Greed is GOOD, for Mr. Gates and such it may be excessive but for me it is respectable and admired by my peers, I would think. What is the big deal, we are all here to make as much money as we can, after you get it give it to charity if you feel guilty, or better to me! DUH!!!!:notrust:

don't know about u Nnutt, but I's one GREEDY SOB, a fair one thou....it's ok if u greedy too!!!!:nuts: :blink:

 

[sugarandspice]

One pill makes you larger,
And one pill makes you small,
And the ones that mother gives you,
Don’t do anything at all.
Go ask Alice,
When she’s ten feet tall.

And if you go chasing rabbits,
And you know you’re going to fall,
Tell’em a hookah smoking caterpillar,
Has given you the call.
Call Alice,
When she was just as small.

When the men on the chessboard,
Get up and tell you where to go,
And you’ve just had some kind of mushroom,
And your mind is moving low.
Go ask Alice,
I think she’ll know.

When logic and proportion,
Have fallen softly dead,
And the White Knight is talking backwards,
And the Red Queen’s “off with her head!”
Remember what the Dormouse said.
Feed your head, Feed your head!

Congratulations Griffin, You have discovered Sugar's investment strategy.

 

[Griffin]

Congratulations Griffin, You have discovered Sugar's investment strategy.

considering the high cost of illegal psychtropic drugs - it's a circular win-win strategy.

If only we did not get whiz-quizzed on a regular basis, I might join you ....only twenty more years to go!

On a different note, I am taking a one day hop to the G given the post quadruple witching day history.

 

[sugarandspice]

If only we did not get whiz-quizzed on a regular basis, I might join you ....only twenty more years to go!

My deterrent to giving the warm apple cider donations is always turn the sample in with a little bit on the OUTSIDE of the container. You can even use water if you want. Wash your hands before the test but dont dry completely. If you can make a drip hold on the bottom of the cup when you turn it in, the image of that will burn in their memory forever. The key is to have a wet container when you turn it in. Works wonders.

 

[Griffin]

My deterrent to giving the warm apple cider donations is always turn the sample in with a little bit on the OUTSIDE of the container. You can even use water if you want. Wash your hands before the test but dont dry completely. If you can make a drip hold on the bottom of the cup when you turn it in, the image of that will burn in their memory forever. The key is to have a wet container when you turn it in. Works wonders.

Thanks for the tip, however, I recommend only one vice at a time, and I'm already way over that quota: I'll stick to my vodka martini's, Vegas, stogies and the ocassional two-step with some eye candy. I'm already pressing my luck

 

[mlk_man]

I guess techy is gonna have to hang onto that I fund for a couple days if he wants his "14th straight" trade without a loss huh?

BTW, the tracker doesn't say 13 in a row...........

Birchy hasn't a had a losing trade all year...............go BIRCHY!!!

 

[Wheels]

BTW Griffin, nice move into the F. You must have sensed me nipping at your heels.

 

[Griffin]

BTW Griffin, nice move into the F. You must have sensed me nipping at your heels.

Dave, I have to pass some credit on to fundsurfer, he's the one that got me looking at the ten year note (^TNX at yahoo finance) and the inverse relationship between the two. Also, I followed Milk's lead on that one.

However, I got tied up in a meeting all day and missed the opportunity to make a move - so now I'm stuck there until tomorrow.

Griffin:
What make the F attractive? What are you seeing?
Thanks - Dell

Dell, the TNX made a nice move and for reason's mentioned above that is why I moved to the F. I forget where I mentioned it, but the F will throw out a bone every now and then. It is unpredictable but in general follow the ^AGG at Yahoo, if you seeing it drop very quickly (-.30%), and you have no other better place to be, it can be good for a penny or two.