Mapper's Account Talk

A reminder - any trade you make outside of TSP is being tracked on a 1099B and will be sent to your friends at the IRS - you can't micturate now without them knoiwing about it.

I don't fear taxes. My taxes took about an hour and half this year. It's not tough and I've got more important stuff to worry about. The only person who ever cared when I peed was some POS, micromanaging small business owner I worked for. He wanted us to consider that "break time" I left that gig after less than a year, shortest job run ever.
 
Well I was just saying that the older your get and the more wealth you obtain the closer you will be monitored - we want to make darn sure you pay your fair share.
 
Life sure is rough.
True story:I was just thinking the other day that I should probably get a better 2nd car because I find the seats in my current backup car aren't particularly comfortable and the stereo is a bit weak. Additionally I live in a house that has no outlet in the bathroom, you wouldn't believe how many people view this as a travesty.

Anyway
First World Problems
 
Expecting today will be slightly up to flat. Why? May Day. Whether we want to admit it or not, the market is global.
 
Bought a little TZA today at $17.28. Just for the sake of scalping a little when/if we get a drop, smalls are doing well today and TZA is very near it's 52-wk low ($16.61). That said, I am not going short.

I'm still holding a TNA (long) position that is almost 3x the size of the TZA purchase. In TSP I'm holding 45C 45S 10I. I also hold a lot of longer term dividend investments.

To put this in perspective...in terms of my overall portfolio holdings I am roughly 58% long, 39% cash and 3% short.
 
Geez, well timed. I should have sold my TNA at the same time...actually almost did. Oh well, almost doesn't count. Now I remember why I decided it was silly to hold these split positions!!

I also almost sold the TZA just before the close for a nifty profit. Decided to hold overnight, we'll see how that works.
 
Geez, well timed. I should have sold my TNA at the same time...actually almost did. Oh well, almost doesn't count. Now I remember why I decided it was silly to hold these split positions!!

I also almost sold the TZA just before the close for a nifty profit. Decided to hold overnight, we'll see how that works.

They have medicine for multiple personalities... ;)
 
Expecting today will be slightly up to flat. Why? May Day. Whether we want to admit it or not, the market is global.

Wow, did you ever call it this morning! :blink: On the global scene the EAFE (I Fund) came in at -0.23... I guess with the Nikkei at -1.8 and the FTSE at +1.3 they cancelled each other out.
 
Purchased TNA @ 57.06. That's $0.42 below my last sale price. So in my whimsy account I'm back to where I was last week...except I've got lower cost basis on my TNA and i booked a nifty 6.5% on the my Tues/Wed TZA trade. Looking for a bounce!

Also keeping my eye on AFL again. I missed a good opportunity to purchase a dip on April 20th but prices are coming back down.
 
Can I come out from hiding now? :worried:

Has the storm passed? After taking a hammering on my long positions maybe the sun is coming out...I continue to hold C,S,I AND a bunch of underwater TNA. On top of that the timing of my FB purchase was a mistake. I still think it has mid/long term value but obviously could have got a better price.

To add to my recent financial malfeasance I took in a new rescue/foster Husky, surrendered following a seizure and needing a good deal of deferred vet work (vaccinations, neutering, general checkups); sweet 4yr old boy but definitely an unexpected expense. AND, I'm buying a car :sick:. Definitely not the best couple of weeks for my accounts!

On the other side, I still have a good stock of cash that I raised at higher prices so I'm now thinking about ways to deploy that cash. I finally got a chance to make a big AFL purchase yesterday, that is intended to be a long-term holding.
 
Back
Top