Dumped F and bought in 15% C and S. The Financials are close to or at earlier lows and though I might get hit another 10-20 %, I'm hoping for a small pop. I'll try to DCA in a bit slowly but it's pure gamble. It's really getting a balance of playing the Roth for short gains off the TSP. I haven't made many comments on the limitation of transfers but I think we really need to lobby for the option to roll monies in and out of TSP (in service withdrawals) rather than argue about number of transfers. I'm retired and can play with my Roth monies while I continue to follow the board for my wife and daughter. That said. I'm in better shape with my Roth than I am with my TSP transfers. Having an option to roll $50-$100k of contributions to a simple IRA (and again to have the option to roll that money back into TSP when better times are here) would benefit investors that wish to have hands on management. Anyone have any idea how successful we would be in lobbying for such an option?
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Offtrack's Account Talk
- Thread starter EW_ret
- Start date
Greed got me in early but I'll absorb hit. Should see more of a sell-off this afternoon and maybe Monday, but we should have support for a bounce by then. next up financials start reporting mid-may and the potential accompanying sell-off. Which means if we don't get another little bounce soon, I'll be out for long term because I want no part of any rise that starts in May after 1987. My wish would be for small bounce mar-apr and then to trade sideways or loss of another 10-20 % over summer allowing me to come back in for Oct.
Been profiting the over the last couple of weeks trading daily volatility in mortgage financials especially FNM. I'm not buying in today. FNM taking a hit on Barron's story and probably won't bounce as easily today.
Here's a link: http://seekingalpha.com/article/67748-fannie-may-fail-barron-s
(Barron's has harped on GSE's before and I doubt very much that the companies will become insolvent unless it's already been decided to sacrifice these by the powers that be.)
Here's a link: http://seekingalpha.com/article/67748-fannie-may-fail-barron-s
(Barron's has harped on GSE's before and I doubt very much that the companies will become insolvent unless it's already been decided to sacrifice these by the powers that be.)
I'm retired and I can't find a damn thing I want to spend my money on anyway so the heck with it. It will rattle the kid's cage if I drop a few per cent and I can use the loss as a teaching lesson. :cheesy:
BTW I have to go long I'm naturally bearish and if I roll with this bearish trend I'll get too depressed and start looking for high bridges.
BTW I have to go long I'm naturally bearish and if I roll with this bearish trend I'll get too depressed and start looking for high bridges.
Today could be bloody with Carlyle news. We may be getting close to bank failures which more than a few have predicted as necessary before we bottom. But I still think there may be a play to pump these markets before end of March. Lot of liquidity going in next week and potential for squeezing shorts into covering going into Thursday.
Silverbird
Well-known member
All he says is, "We support a strong dollar!" Yeahright.
I'm finally out of jail where I can make transfers again in my TSP account but a lot has changed. This is a different market and I am still a stunned investor after the Bear events. Although I did not lose money, I was discouraged by the Fed manipulations and I haven't a lot of faith in the future.
Hello all, Been lurking since my last post since the more I thought about what I saw as a Bear Stearns sacrifice and the restrictions on tsp trading, the more I thought I needed to fundamentally alter my outlook and approach to life. My doom and gloom personality has me waiting for death and destruction at any moment, round any corner. It also allows me to compensate in fun little ways that befuddle many that know me. So these past few months have had me trading little and spending more time away from the stock tickers, walking in the woods or other such cheap enjoyable activities, changing my diet from expensive, high caloric restaurant foods to healthier, smaller, cheaper meals prepared at home. I didn't spend much on vacationing and my most expensive vices have been my wine and beer which is probably the largest daily outflow from my wallet. As a result of my behavioral changes I managed to drop 60 pounds ( in spite of beer and wine consumption) and financially I paid off the house lin July leaving me debt free.
This past weekend got the gambler in me excited so I shifted some tsp monies to equities, but I am moving too early. I was hoping for more of a Monday selloff which would lead Tuesday to another FED manipulation with liquidity injections and changes in regulation, accompanied by SEC change in regulations on shorting. But that isn't looking the case so I'm not sure what I'll do. Don't forget triple witching Friday and I expect a little bounce tied to short squeezing before then. But if I was early and don't catch it, I'll take lumps and look for a turnaround Tuesday in October following another bloody Monday.
For those of you taking losses and fretting yourself sick that aren't retired--- stop worrying! I find money to be one of the least of my priorities since I retired since so may enjoyabel things are still relatively cheap. Don't forget that taxes are going to be eating a great portion of your retirement income through payment of deferred taxes on your account and the accompanying 85% taxes on Social Security because you'll have too much taxable income.
This past weekend got the gambler in me excited so I shifted some tsp monies to equities, but I am moving too early. I was hoping for more of a Monday selloff which would lead Tuesday to another FED manipulation with liquidity injections and changes in regulation, accompanied by SEC change in regulations on shorting. But that isn't looking the case so I'm not sure what I'll do. Don't forget triple witching Friday and I expect a little bounce tied to short squeezing before then. But if I was early and don't catch it, I'll take lumps and look for a turnaround Tuesday in October following another bloody Monday.
For those of you taking losses and fretting yourself sick that aren't retired--- stop worrying! I find money to be one of the least of my priorities since I retired since so may enjoyabel things are still relatively cheap. Don't forget that taxes are going to be eating a great portion of your retirement income through payment of deferred taxes on your account and the accompanying 85% taxes on Social Security because you'll have too much taxable income.
justbizness45
Member
Offtrack, would you mind IM'ing some specifics on this? I am a FERs guy and social security is supposed to be one of the 3 parts of my retirement. Your statement about the 85% tax worries me. Thanks, JB45
Won't last long if I can get a $200-300K home loan under 6% during the credit-tightening this fall. I figure we can help the kid by buying another house and pooling our income to pay it down quicker to offset potential falling prices. Though home prices are falling, the cost of building is high enough to make home prices in east TN reasonable I think. And the land can be bought at less than $10 K an acre. Better than peeing away her inheritance on too many vacations at todays prices.
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