JimmyJoe's Account Talk

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JJ
i'm with you on letting your money work for you pre and post retirement. i plan to go out in May and i have been fully invested for many years and plan to stay that way until a definite shift (bear market) in the market. i look at it this way. At the end of your career is when one will have the most money and potenial to earn money. i realize that you can loose also. but i look at it like a marathon. When you start gettting close to the finish line you dont stop and start walking you put in the kick and start sprinting. i also plan not to touch my TSP and strickly live off my CSRS pension (thats my plan). i will retire at age 55 so i dont believe my TSP will be available to me until 62 1/2 anyway. so i will just watch it grow until the BEAR move in then i willl shift it to G fund. i'm glad i'm not by myself on the thought of leaving it in risk funds. like they say (money loves company). good luck to you. i did not know you were retired already, how long and how you like it?
JimmyJoe said:
Seasonally, this upcoming Thanksgiving week, to include tomorrow, is all green. I think I'll earn 3.5% from this month's stocks. Add to that the 5% we earn in December, and there you have it. A 33% gain total, for the year. It pays to stay in to win. After decades of playing it safe with the market, I've finally learned to trust my standing with equities. It took that long and a loss of a third of my principal during these two years of my retirement to finally give in to the old saying, you have got to be in it to win it. I literally had nothing to lose. Timing the market was destroying my base. I just put all my chips in and let the dice roll. I know that many say you have to stay in the G fund when you retire, and that could be true, but where is the fun in that? More importantly where are the gains in the G fund? There is nothing like laying it out there and making money from money, and one's hard determination to stay in a challenging place like the stock market. I think being a member of Fers will make you a smooth operator and strong person. Is it a stretch being on your toes while at the same time being a govt worker? I don't know but I've always been one to play it just outside the box. I went from making maps on paper to a GIS man. Now thats a stretch. I'll use my personality to easily make it through to a productive end, with substantial earnings, with this stock market. I don't have much principal but I'll make it work for me and next year, from the knowledge I've gained this year, I'll make more than I take, by a long shot. And btw, 2014 will be another banner year in the stock market so everybody, into the pool!
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You have a great plan. You'll be swimming in clover. I've been retired, (independently wealthy), for about 3 years and I've never been happier. I know you'll be happy in retirement. Live forever, if not literally, then figuratively. FERS, I've come to realize, has several facets that make it as good as CSRS. Both allow the opportunity to be in the market and it's times like these that makes life exhilarating.
 
There is a term that Birchtree has used in the past regarding the market, hot with afterburners, shooting skyward towards outer space, with less and less gravitational pull. This market is set up for such a moon shot.
Is your choice of his term... a:Parabolic. b:Reaching escape velocity. c:Hot. All three would be good choices, however the term I'm looking for is b:Reaching escape velocity. Used in a sentence, "This market is so hot that it is going parabolic, reaching escape velocity, as it is unrestrained, rocketing to the moon." Have a great weekend and I'll see you again on Monday when we will all see the Nasdaq at 4k, take center stage singing, "Fly me to the Moon".
 
Tom, Mr Ross,
It is nice to clear up the confusion as to what some will do to turn this market up thinking they're turning the market down, however, what about my chips being on the table? Contrarian when some may now put their chips in, well I'm contrarian too and have been this year, for different reasons. This market has been placed on its ear by many talking heads throughout the year and has remained very healthy, while I have been in it. I am in for 2014 because I plan to make at least 35% next year. 2014... Sounds like a profitable year doesn't it? I enjoy being a small time player (now) and getting 30% for the year, and so do most/all on the tracker leaderboard, while this gain is usually reserved for the very rich in circles outside the TSP. Well, I like just the thought of having such a well heeled base and yet it is well under 100k. But I think like the rich. In this world, one has nothing to lose. Just play with the rich and you won't lose. Trust me.
 
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JimmyJoe said:
Again. Who knows.
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Who knows? I know. It was fat finger Frieda that walked by the big board on the exchange and bam, laid it down. Either that or it was her brother big thumb Charlie. Well, it'll shake some leaves off the tree. Tomorrow, the day before Thanksgiving you all better have your space suit on because we're going to Saturn. Boom. Off like a rocket 9:30 am est. Dow adds another 100 points. 200 points.
 
S&P and Dow keep their century number highs. 1800 and 16008. The Nasdaq standing tall, looking good. A bounce tomorrow for all three.
 
OBGibby said:
I hope you're right, but I'm not counting on it. I'll be happy to see half that.
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Earnings. This year's Christmas will blow the doors off of years past. Both mid range stores and especially high end stores will bring in a lot of revenue by year's end. The excitement will carry over into the stock market. S&P will see a 5% increase this December. If my pip gets me 30% tomorrow I'll be on my way to a 35% gain this year. That's chopping some wood. We need to see a bounce tomorrow. Not totally necessary but it would start the race nicely.
 
Now that we got that 1% or 2% loss behind us for this week were going to see the place jumping. The next three weeks are going to pop. Amoeba, better get yourself in. Start with 40% S, or C. Then after you get in when it goes up you'll be playing with house money and can afford to invest more. This December is going to be the biggest boom month ever. Don't believe me? Look at the seasonality bar chart for December. It might go up and down for next week but I think mostly up. Then look for the boom for the last 10 trading days for the month. There is not a better time to get in than right now.
 
JimmyJoe said:
S&P and Dow keep their century number highs. 1800 and 16008. The Nasdaq standing tall, looking good. A bounce tomorrow for all three.
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Not exactly JJ. I appreciate your enthusiasm though.

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Thought the quote would include time and date. 2/12/13 at 2:07 PM.

PO
 
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She's rising. She's up. She's popping. She's above the 1800/16000/4000 mark. It's like hanging around some great guys, gathering in all the nearby babes. Rarified air. Just being in it.
 
I remember the old days, a couple of years ago. I'd have gotten out by now. The market can be a thief as well as a giver. Get out now and you are getting robbed. Stay in and she'll rewarded you for standing with her.
 
This market has still got some legs so me getting out would be crazy. Still room for S&P to reach 1850 by the end of the year. Then 1950 by Spring.
 
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