Mike's Account Talk

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15 G
50 S
35 I

Effective at the end of today... I've been waiting for the I-fund to drop back a bit so I could buy more of it. Today looks like a good day to do that, with the dollar gaining some strength and the foreign markets dropping a bit.
 
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At the end of today, I'll be 15 C, 50 S, 35 I.

As much as I hate the C fund, it *will* start outperforming the S at some point - it always happens as an economic expansion matures. Whether or not it will happen this month, I don't know. So, this is a hedge play... plus with the market dropping, it's a buy-in opportunity (though I really hate myself for not bailing on Monday to buy in now - *sigh*).
 
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Effective at the end of today:

20 C
50 S
30 I

I'm moving 5% I into the C fund (this is purely a profit-taking move)... knowing that the euro is up big against the dollar (1% at last check :shock:). Our own market has turned slightly red, so perhaps I can catch the C fund on a reversal day and get a lower buy-in point. That's the thinking, anyway.

The I fund could push above $15 today based on current EAFE and currency movement. Terrible day to buy into the I but a nice day to sell some.
 
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Mike I don't think it's thatterrible of a day for those who may buy in to the I fund, at least for the short term. After going through it correction we can now more clearly see which way the market wants to go.Look at this chart, using the one month time frame, to see more clearly. Look how high theEFA went on Dec. 6.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=EFA

The money is there, so if the conditions continue to be positive, we should see a new high for the I fund. I saw where one person thought the I fund was getting to high. But that is all relative. As longasinvestors are willing to buy and invest hoping to get some return, then price is really not the issue. Just look at google,people are still willing to buy in!
 
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It certainly has room to move up, there's no question about that. However, I'd always rather buy into something on a down day rather than a big up day. This is the second double-digit gain in the I fund this week. :shock:
 
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Sure it's great to buy low , then sell high. But you and I both know that with the system we have to work with through TSP, things sometimes don't happenperfectly. I had noticed where some members had diversified and were planning on putting somein the I fund. I was just just trying to make them feel better, especially if they had just read your comment about a terrible day to buy into the I fund. I was just pointing out that I believe it may go a little higher. The potential is definitely present.It's over $15.00 a share now. Are you selling all, or will you hang in there a little longer. Ifthe answer is hang in there a little longer, then you must also believe the I fund will go higher.;)
 
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Effective at the end of today:
15G
20C
50S
15I

Check out the article I posted in the "More on the I fund" thread. It points out some very interesting information that I think anyone currently holding shares in the I fund ought to read. The gist of it is each time there's a flood of cash going into the overseas markets (as there is now), those markets tend to drop ~4+% in the following 3 months. That's not good.

So, with that said, I'm reducing my exposure to the I fund. The fact that it went over $15 per share again made the decision a lot easier. I'll likely unload my remaining shares in the I fund on the next big up day or shortly thereafter.
 
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Effective at the end of today:

100 G

I'm locking in my profits. I also think the market will pullback some, and I want to take advantage of that if it happens. If not, I'll just merely buy back in next week and ride the market 'til year's end.
 
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Effective today:
40C
60S

C fund went up $0.01 after I sold it, and the S fell $0.07. Hopefully, today will be relatively flat.

The two funds are neck-and-neck this month in gains, so I'm hedging my bets here. I'm going to avoid the I fund 'til it corrects... probably.
 
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Mike wrote:
Effective today:


Did you put this order in yesterday for today???

If so, just wondering why you didn't post this yesterday:

Effective tomorrow:

40C

60S

Wedon't want you leaving us in the dust, now!:D
 
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No, it was for the end of today... as usual, a day late and a dollar short on my end.
 
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Fool me once, shame on you. Fool me twice, shame on... shame on... can't get fooled again. :^
 
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I'm continuing to hold my 40 C / 60 S allocation. The I fund has once again joined the party with big gains in the past few days. There are now serious rumblings out of Japan regarding an intervention to stop the slide of the Dollar v. the Yen, though.

The S fund continues to look better than the C, but it also shows its trademark volatility at times.
 
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S and C climbed a bit, though not as much as I would've liked, and I fell due to the continuing dollar rally. All in all, not a bad move (yet). :^
 
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Mike wrote:
S and C climbed a bit, though not as much as I would've liked, and I fell due to the continuing dollar rally. All in all, not a bad move (yet). :^
I'm really beginning to think of that I for Monday. Hmmmm...
 
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Well, the jobs report was mixed, which will calm fears of inflation and a more aggressive federal reserve policy - this will hurt the dollar and help the I fund.

US markets are down a bit right now, but they could easily finish up on the day (have been both in positive and negative territory thus far, but not moving much either way).

I am contemplating lightening up some more on the S fund, but I may just sit tight for a day. I'll figure something out in the next hour.
 
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