Jkenjohnson's Account Talk

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RealMoneyIssues said:
Wow, wish I had 10k in my TSP when I was an E-5... I would have a lot more now ;)
You are starting off well, don't worry about it... btw, I haven't been an E-5 since 1993...
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I don't worry about it too much since I'm only 26. I have seen how quickly I can gain back my losses if things go in my favor since I was down big time by the end of last year. I have recouped a bit of my losses so far this year, but those "gains" are dwindling slowly by me getting back into the market at bad times. It seems a lot of us are struggling with making good decisions the last couple weeks...

When one system gives a buy it is typically a day too late it seems...maybe I need to do the opposite of the OCD chart you make lol.
 
MaStA said:
I don't worry about it too much since I'm only 26. I have seen how quickly I can gain back my losses if things go in my favor since I was down big time by the end of last year. I have recouped a bit of my losses so far this year, but those "gains" are dwindling slowly by me getting back into the market at bad times. It seems a lot of us are struggling with making good decisions the last couple weeks...

When one system gives a buy it is typically a day too late it seems...maybe I need to do the opposite of the OCD chart you make lol.
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You should already be doing the opposite... the title is now contrarian...

Well, congrats on getting started so early... I am sure many of us wish we had :D
 
MaStA said:
Heck I don't even have $20,000 invested...I don't know where some of you guys get so much money to invest lol...maybe civil service makes a lot more than my big E-5 pay. I have a bit in savings, but I'm not putting my entire savings into the stock market because I already see how terrible I am with my $10,000 or so in TSP. I put 5% into TSP monthly and with how they are with limiting me with my money I may one day stop TSP all together. I have money in my Roth IRA as well, but it is on the sidelines right now.

Either way as long as the $20,000 you "lost" was money that was all from gains anyhow you didn't really lose anything. Seems like you are up big time already for the year so that just means you gained a little less, but you still aren't under what you actually put into it.
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MANY YEARS OF WORKING AND SAVING.
 
jkenjohnson said:
MANY YEARS OF WORKING AND SAVING.
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Gotcha. Maybe I look at your avatar and think you are a younger guy in your 30s or maybe 40s. Maybe you are older than I think lol. I just don't see me ever having a million dollars invested in the stock market...I don't even see me having that much money just laying around period. I am a cheap penny pinching person as well, but I just don't make enough money to ever have that around at any given time. Until I learn more about how this stuff works I probably won't be making much either :( It seems every move I make I lose money.
 
I started investing in 1973 with $1K - my oceanic account long market value is now better than $4.3M. Patience and perserverence is required. My tugboat is also doing just fine. I took a $68K hit yesterday and may take another one today - it's all in a day of investing. I suspect my long market value will be better than $6M by the end of the year.
 
Birchtree said:
I started investing in 1973 with $1K - my oceanic account long market value is now better than $4.3M. Patience and perserverence is required. My tugboat is also doing just fine. I took a $68K hit yesterday and may take another one today - it's all in a day of investing. I suspect my long market value will be better than $6M by the end of the year.
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Birch, have you ever thought about writing a short paper or article on how you have and do invest your money? Everytime I read the above, and I know I've seen it several times, it makes me want to know about the path you took in investing from that first 1k to where you are now. I think it might be an interesting read. What do ya think?
 
I'm a totally boring investor - I have a learned habit as a contrarian to buy stinky stuff when no one likes the smell. Time is the investors best friend.
 
Birchtree said:
I started investing in 1973 with $1K - my oceanic account long market value is now better than $4.3M. Patience and perserverence is required. My tugboat is also doing just fine. I took a $68K hit yesterday and may take another one today - it's all in a day of investing. I suspect my long market value will be better than $6M by the end of the year.
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How much of that money is actually yours though? If I remember correctly you said you borrow money to invest so you take big risks with someone else's money and hope to make money on it. I'm sure you do well though since you seem to know what you are doing. I do poor enough with my own money and wouldn't trust myself with someone else's money lol. Thanks!
 
To answer your question $2.6M is mine and I pay an interest rate of 2.75% which is tax deductable - the interest paid off sets my dividend income. I was forced into running from margin calls last year and had to do crisis selling and the profits resulting boosted my tax payment to around $71K. Talk about paying fair share.
 
MaStA said:
Gotcha. Maybe I look at your avatar and think you are a younger guy in your 30s or maybe 40s. Maybe you are older than I think lol. I just don't see me ever having a million dollars invested in the stock market...I don't even see me having that much money just laying around period. I am a cheap penny pinching person as well, but I just don't make enough money to ever have that around at any given time. Until I learn more about how this stuff works I probably won't be making much either :( It seems every move I make I lose money.
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I would have had more, but my first wife got half. On 11/11/11, when I remarried, I took Donald Trump's advice and got a PRENUP! Thank's Mr. Trump, with your comb over hairdo.

My avatar is my hobby. I slalom ski on a course 2-3 times a week all year round. And yes I am older than you think, but I forgot my age. :D
 
Birchtree said:
To answer your question $2.6M is mine and I pay an interest rate of 2.75% which is tax deductable - the interest paid off sets my dividend income. I was forced into running from margin calls last year and had to do crisis selling and the profits resulting boosted my tax payment to around $71K. Talk about paying fair share.
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Your "fair share" will never be enough. Because you are "successful", Robin Hood (aka POTUS) wants to TAKE what is rightfully yours, and give it to those who are too lazy (or dumb) to do it on their own. Socialism 101, plain & simple.

The voters love it, (legal or otherwise) and are gulping at the pigs teats as fast as they can.

As Yakov Smirnoff used to say... "What a country!"
 
MrJohnRoss said:
Your "fair share" will never be enough. Because you are "successful", Robin Hood (aka POTUS) wants to TAKE what is rightfully yours, and give it to those who are too lazy (or dumb) to do it on their own. Socialism 101, plain & simple.

The voters love it, (legal or otherwise) and are gulping at the pigs teats as fast as they can.

As Yakov Smirnoff used to say... "What a country!"
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Wow, how hateful to those of us gulping... dang

“To those whom much is given, much is expected.” ― John F. Kennedy

From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked.
Luke 12:48 (NIV)
 
Lost 1.64% today - that is more that 3% in two days. And that's all I'm going to say about that. :mad: I bought some TNA for the deadcat bounce next week.

System is 8.13% YTD.
 
MaStA said:
Heck I don't even have $20,000 invested...I don't know where some of you guys get so much money to invest lol...maybe civil service makes a lot more than my big E-5 pay. I have a bit in savings, but I'm not putting my entire savings into the stock market because I already see how terrible I am with my $10,000 or so in TSP. I put 5% into TSP monthly and with how they are with limiting me with my money I may one day stop TSP all together. I have money in my Roth IRA as well, but it is on the sidelines right now.

Either way as long as the $20,000 you "lost" was money that was all from gains anyhow you didn't really lose anything. Seems like you are up big time already for the year so that just means you gained a little less, but you still aren't under what you actually put into it.
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You're doing just fine. Thanks for serving.

RealMoneyIssues said:
Wow, wish I had 10k in my TSP when I was an E-5... I would have a lot more now ;)
You are starting off well, don't worry about it... btw, I haven't been an E-5 since 1993...
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Wow, wish I HAD a TSP when I was an E-5... I would have a lot more now ;)
You are starting off well, don't worry about it... btw, I haven't been an E-5 since 1985...

Birchtree said:
I started investing in 1973 with $1K-
A thousand bucks? In 73? How much were they paying you at the Hood House?

Just trying to yank your chain Birchtree. Not sure where you were at in 73 but a thousand bucks was a quite handsome sum back then (to me).

...btw I was an E-1/2/3 that year.

Time and place everyone, we all do what we can. Being on this MB implies that you are or were employed. My TSP is less than 15 years old, so therefore not EVEN close to $1M. Another 10 years...

Peace and Regards

PO
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