NSurf9 Account Talk

[Birchtree]

That's exactly what they did the last time they broke oil to ten dollars - destroying the economy of Texas and putting many drillers and drilling rigs to rust unused. It took over ten years before that situation reversed - I wish we could dump the Saudi ragheads and be done with them. I mean will built their infrastructure and now the Chinese are polishing up the rest. Iraq may be able to help and provide some relief.

 

[nsurf9]

Hey, look. Sound familiar - is Long and the TSP Board in Pakistan?


http://www.bloomberg.com/apps/news?pid=20601087&sid=aVZ47MTtPsPY&refer=home

 

[luv2read]

Hey, look. Sound familiar - is Long and the TSP Board in Pakistan?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVZ47MTtPsPY&refer=home

Sounds more like Ben, Paulson and the big boys to me.

"There has been some level of mismanagement by the authorities,'' said Habib-ur-Rehman, who manages the equivalent of 6.5 billion rupees in Pakistani stocks and bonds at Atlas Asset Management Ltd. in Karachi. ``This may be due to their misperception that they can prevent the market from falling. Investors have to learn to bear losses as they do gains.''

``We demand that all stock prices be frozen at current levels,'' said Kauser Javed, who heads the Small Investors Association. The regulators always favor big brokers and investors.''

 

[nsurf9]

Yea, I had to re-read the actions. My thought was that the Pakistani Gov held them up with the 1 percent restriction, just long enough in the bad market, to get crushed by selling wave. Similarly, once the US downturn ends, maybe the TSP Board will loosen up the IFT limits.

 

[Birchtree]

I wouldn't count on any lifting of the IFT limits - TSP is a fiduciary long term investing account not a trading account. I've always felt this way and did not get involved in trying to change the rules. I'm staisfied with my account even though I'm experiencing temporary devaluations - been there many times before over the years and I still expect to hit $1M before I'm finished at 70 years old.

 

[nsurf9]

Birch,

Well I'm not happy with the new rules. Just because its long term doesn't mean you have to straight-jacket the IFT to 2 trades a month - 4 or 5 would do just fine.

The TSP fund just dropped a whole lot of money because of member's apathy/ignorance, which the 2-IFT limit re-enforces, and that the TSP Board's focus is misplaced on strictly saving small costs vs making members' money and needless exposing them significant risks.

In my opinion, just eliminating the whole darn equities and saving all of the darn "costs" of the TSP Board might just be the better option - especially, if the Board decides to invoke (ram) some other rule in favor of some other corporate entities' interest.

Oh, yea, I like to make that $1 mil in the next five years.

 

[Birchtree]

I've always wished that Uncle would provide us the option to select a defined contribution plan to save with under our own management rather than the annuity plan for retirement. That would make me a lot happier and I'd save some money on taxes.

 

[Fivetears]

Great age to go jet skiing, surfing, biking, camping, filling 18 holes every other day. You know... retire and really ENJOY life. :laugh: 70. :laugh: Yep; 1 million at 70, Dennis. Me 2.

... and I still expect to hit $1M before I'm finished at 70 years old.

 

[nsurf9]

Birch, I agree whole-heartely agree with a retirement fund that the owner's do have the ultimate say. That is, tax deferred or upfront, regardless of whether its real estate, bonds, equities etc. - you just couldn't spend it until a certain age. The only problem is how to get the volumn discounts that a $1B-a-buy can get you.

 

[nsurf9]

7/17/08, 3:59 pm - GO Rally-Monkey, go! ! ! !

 

[Gumby]

nsurf9,

Glad to see your back on board in the I fund. I rode it all the way down and would like at least a short ride back up before unloading it.
Do you have a price target to sell?

 

[Birchtree]

I know you didn't ask me, but I don't plan to sell my 30% I fund until $26.31. If my C fund out performs going forward I will eventually shift some more money to the I fund.

 

[Gumby]

I know you didn't ask me, but I don't plan to sell my 30% I fund until $26.31. If my C fund out performs going forward I will eventually shift some more money to the I fund.

I think there will be a whole lot of volitility between now and $26.31...and of course maybe even a couple years of time. I would bail out if I hits $23.00/share if oil looks like it might rise again.....which I think it will.
I wanted to diversify on Tuesday and go all in on the C fund.....but I had squandered all my IFT's already to go 100% I. Damn shame I (or anyone else) can't even buy an IFT.
Birch- I may have to learn how to somewhat buy and hold. What kind of tranquilizers do you need to approach this strategy? Do I have to start drinking Stag beer....the beer of choice in this German community?

 

[Birchtree]

You really only need three characteristics - tenacity, patience, and perspective. And the ability to DCA your contributions to acquire more shares of your favorite fund at lower prices. And you have to ignore the pain and the silly criticisms. Be right and sit tight.

 

[nsurf9]

& info. - lots of info. And, a few more IFT would hurt.

 

[nsurf9]

Dear OPEC, Oil Majors and the US Federal and State Goverments.

Ultimately, which can you live without? - food and water; or, a million barrels of oil.

Not a sermon, just a thought.

 

[presskh]

Dear OPEC, Oil Majors and the US Federal and State Goverments.

Ultimately, which can you live without? - food and water; or, a million barrels of oil.

Not a sermon, just a thought.

I'd say a bushel of wheat/corn for a barrel of oil would be a fair trade. Heck, I'd even be generous and offer a two-bushels-for-the-price-of-one special!

 

[Silverbird]

I'd say a bushel of wheat/corn for a barrel of oil would be a fair trade. Heck, I'd even be generous and offer a two-bushels-for-the-price-of-one special!

Yes, but after they deduct the cost of oil for delivery, your bushel of wheat/corn isn't enough. Are you going to deliver by camel? :cheesy: Anyway, OPEC's ministers want the money, if food prices go up, oh well!

 

[nsurf9]

Just a hunch. People are deciding this very issue right now. I know I am. People can't buy as much oil as they used to, especially with necessities inflating. Wait until Tuesday for the DOE crude tally. Refiners are already accruing a distolate surplus - but the crude valve is still wide open. The whole greedy crude pipeline is full and now a back-up wave from a fundamental change in customer consumption (can't buy as much) is going to shutter back-up thru the system.

The whole lot of them may have been too greedy, too long, at a time when technologies may be able to step into the void.

Just keep the hurricans away from the Gulf of Mexico.

 

[luv2read]

Just a hunch. People are deciding this very issue right now. I know I am. People can't buy as much oil as they used to, especially with necessities inflating. Wait until Tuesday for the DOE crude tally. Refiners are already accruing a distolate surplus - but the crude valve is still wide open. The whole greedy crude pipeline is full and now a back-up wave from a fundamental change in customer consumption (can't buy as much) is going to shutter back-up thru the system.

The whole lot of them may have been too greedy, too long, at a time when technologies may be able to step into the void.

Just keep the hurricans away from the Gulf of Mexico.

Great post. And yes, please, no hurricanes.