mlk_man's account talk

[Guest]

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Mike wrote:

Horse race talk is probably a lot safer than what I just described. :shock:

75% split equally three ways with 25% set aside in alcohol securities... not a bad strategy. It looks like I'll be able to make a major play on the stable ES fund near the end of the month - that breakout in interest got my attention. :^

I think you should come up with a system that backtests for women. I thought I had one a couple years ago, but my own apathy killed it before it got off the ground.

Edit: that risk tolerance is easier to deal with in the stock market. :shock:

I already developed that system, it's called "don't take your best friend to dinner with your investment". He might decide he likes the investment also and put in a higher bid!! I was gonna say "bigger" bid, but I know that's not true.......

Oh well, things have a way of working themselves out. They entered into a "mutual partnership" and as things go, her price dropped because of "insider trading" and his account shrank. Although his "assets" did grow!! Is this contrarian?

 

[Mike]

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I don't have any contrarian impulses on this one. I get nothing but buy signals with the occasional yellow light after I buy. :shock:

 

[Guest]

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Mike wrote:

I don't have any contrarian impulses on this one. I get nothing but buy signals with the occasional yellow light after I buy. :shock:

Have to remember not to abuse those alcohol securities.......:^ Could lead to legal mediation...............

 

[Mike]

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I was thinking of having a lawyer draw up a legally-binding "release of responsibility" form. Both parties sign at the beginning of the evening, and then whatever happens (if not criminal) cannot be held against either one later.

Alcohol securities are nice. They have stable and predictable returns. The inherent flaw in them is that they make junk bonds look increasingly appealing. :shock:

I made a short-term play on one a few years ago due to that... luckily for me, when I regained my senses, I noticed she was still hot. :^

 

[Guest]

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Mike wrote:

Alcohol securities are nice. They have stable and predictable returns. The inherent flaw in them is that they make junk bonds look increasingly appealing. :shock:

Ah yes, the ole' "at 2am i bought a stock for $10 then found out at 10am it was only worth $2" syndrome............:shock:It's also hard to unload sometimes because no one wants it...............Hopefully your friends don't find out about it and start saying "hey, been to the junk yard lately?"

 

[Guest]

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Moving back to 100% G for tomorrow.

 

[Mike]

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Oh, they're forgiving. Like here, we learn from each other's mistakes. That's why I don't buy Tequila shot securities anymore. :^

Pet peeve: stock funds advertising themselves as being rated C-worthy, then I later find out they're barely pushing B. I should have some recourse as an investor! :X

 

[Guest]

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The best way to tell how afund is gonna turn out, is to look at the "fund family"....ie, Rydex, Profunds, the Johnsons, the Smiths, etc..................

 

[Mike]

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I don't look at the Johnson fund family. I'm not at all interested in that fund class. :shock:

I highly recommend the Oliver Closehoff fund family, though. :^

 

[Guest]

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Mike wrote:

I don't look at the Johnson fund family. I'm not at all interested in that fund class. :shock:

I highly recommend the Oliver Closehoff fund family, though. :^

Low maintenance fees? High returns?

 

[Mike]

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Depends on the area of funds within the family you choose to pursue. The "Stripper -growth" funds within this family are purchased at $1 per share, for example. This group is unique in that investors get extra kickbacks when purchasing shares in $20 increments. :^

The other funds within this family generally require varying stakes purchased in alcohol securities as a precondition of securing the fund. Sometimes, they check the type of car you drive and the type of place you live in to verify your income before giving you access. :shock:

 

[Guest]

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Mike wrote:

Depends on the area of funds within the family you choose to pursue. The "Stripper -growth" funds within this family are purchased at $1 per share, for example. This group is unique in that investors get extra kickbacks when purchasing shares in $20 increments. :^

The other funds within this family generally require varying stakes purchased in alcohol securities as a precondition of securing the fund. Sometimes, they check the type of car you drive and the type of place you live in to verify your income before giving you access. :shock:

Hmmm, I do need to diversify my portfolio a bit...........how many funds are in this family and are they relatively new funds or have they been around awhile? Also, since these funds sound more like funds you would want to day trade as opposed to buy and hold, can you switch between the funds daily or is there a 3-day waiting period once you pull out?

 

[Mike]

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mlk_man wrote:

Hmmm, I do need to diversify my portfolio a bit...........how many funds are in this family and are they relatively new funds or have they been around awhile? Also, since these funds sound more like funds you would want to day trade as opposed to buy and hold, can you switch between the funds daily or is there a 3-day waiting period once you pull out?

Your options in this fund family are nearly limitless. Which ones appeal to you depend on your personal taste and style. My favored ones are the low maintenance fee / fair value alcohol security mix. They tend to be the most stress free investment, usually provide a fair short-term return, and once in awhile, they also pan out in the intermediate term. There's a mix of older and newer funds within the family. I generally prefer those that have been around between 21-35 years, but then again, I'm a flexible investor and don't like limiting myself to the flavor of the month stuff.

The existence or lack of a mandatory inactivity period after selling the fund depends on particular fund class you're interested in. You can generally get away with that going after the less mature aggressive funds. The older funds can basically cut you off from trading them if you try that approach, though. Buyer (or in this case, seller) beware. :shock:

 

[Guest]

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Making a move this morning to 100% S for Friday.

 

[Guest]

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Moved to 100% F this morning, effective at close of business today......let's see what time it goes thru............

This a purely speculative move, only because there is no money to be made in the G for awhile. AS I've stated before, since I'm following a system, this is the only time I get to gamble........G or F.........if your following along and want to preserve your balance either go 100% G or maybe even 50 -50..........OR, you can come play with me..............

 

[Guest]

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I'm So Appreciative of your new bookkeeping techniques
M_M, Not until the last 1.5 wksor so, could I make any sense of your allocations/moves. Thanks so much...

I still can't make that much sense of your excels (haven't looked at the last few though) but that's not so important for me right now.
This is a duplicate because I meant to post here under your account not the general one.

 

[Guest]

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Wonder Woman wrote:

I'm So Appreciative of your new bookkeeping techniques
M_M, Not until the last 1.5 wksor so, could I make any sense of your allocations/moves. Thanks so much...

I still can't make that much sense of your excels (haven't looked at the last few though) but that's not so important for me right now.
This is a duplicate because I meant to post here under your account not the general one.

Thank you WW, I'm trying..................This is a good time to thank Tom for the new spreadsheet he posted. Tom, are you're functions automatically adding our percent gains or losses to a "balance"? They appear to be........if they are, good thinking. I never even thought to do this with my functions, of course I'm still a novice when it comes to spreadsheets, among "other" things......bite your tongue WW, OUCH, not mine!!!! :l

 

[tsptalk]

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mlk_man wrote:

Tom, are you're functions automatically adding our percent gains or losses to a "balance"?

It works out that way, but I can try adding a $10,000 account column and keep track of it on the spreadsheet. I'll work on that. It won't take contributions into account however.

 

[tsptalk]

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Here you go... [url]http://www.tsptalk.com/utilities/newtsp2.xls[/url]
Let me know if this account balance (far right) is helpful or not necessary. It basically gives you that same returns you see on the precentages. If you putyour beginning account balance in the top of that last column, it will keep track of your gains/losses but it won't take your new contributions into consideration.

 

[Guest]

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tsptalk wrote:

Here you go... [url]http://www.tsptalk.com/utilities/newtsp2.xls[/url]
Let me know if this account balance (far right) is helpful or not necessary. It basically gives you that same returns you see on the precentages. If you putyour beginning account balance in the top of that last column, it will keep track of your gains/losses but it won't take your new contributions into consideration.

Perfect! Thanks Tom. That was pretty easy to get you do. Let's try this one........Tom can you give me $10000?