Rod's Account Talk

[Rod]

On August 16th, 2007, our intraday low was 1370.60.

I do not know everyone on here very well yet so forgive me if you are joking and I am not getting it :toung:

Yes, you are correct.

Judging from the post though, it seemed you were speaking of today.

But yeah, I was referring to closing price.

 

[Rod]

According to my calculations, these are the gains/losses so far for 2008:

EFA (If you care) : -4.30%

AGG (If you care) : +1.32%

DJIA: -5.02%

NAS: -8.40%

S&P 500: -4.63%

^DWCPF: -7.40%

NIKK 225: -8.04%

NIKK 300: -6.50%

DOLLAR: +.13%

TOTAL INTERNATIONAL (IAW THE EXCEL CALCULATOR): -4.94%


God Bless

 

[Rod]

Although the (S) Fund price dropped below its 2007 low (18.58) this week, it still ended the week .24 below that low. It now sits at 18.34.

There are bargains out there if you want to take that chance.

I think I'll wait it out a bit more... at least until 30 Jan when the Fed makes its decision on the interest rate.

God Bless

 

[nnuut]

I think I'll wait until the price of real estate hits its bottom!

 

[Birchtree]

When real estate hits its' bottom no one will lend you money to buy. I'm shopping some up around Lake Keowee and may just have to use cash for the best bargain. The banks are really shy right now.

 

[Rod]

I sure wish I was in the market for a home NOW instead of 2004 when I was.

 

[Silverbird]

No you don't want to be buying a house now. Getting a new loan is like getting a security clearance. :cheesy: At least in the area I am in (south of DC in PW county Virginia), sellers are still "offering" prices that are rather laughable; as a result a lot of the houses that were for sale are now "For Rent" :notrust:. And if you already have a loan, and qualified for a flat rate, don't be surprised if your lender calls up offering a possible lower rate refinance.

 

[vectorman]

Although the (S) Fund price dropped below its 2007 low (18.58) this week, it still ended the week .24 below that low. It now sits at 18.34.

There are bargains out there if you want to take that chance.

I think I'll wait it out a bit more... at least until 30 Jan when the Fed makes its decision on the interest rate.

God Bless

The rumor is that the Fed will cut at least .5% next meeting. Soooo if the market starts to buy the rumor, then on Jan 30 it may be time to sell the news. :laugh:

 

[James48843]

I don't know if the FED is going to wait until the end of month meeting. There are also rumors out there that they will make a cut before then.

Could be interesting.

 

[Rod]

No you don't want to be buying a house now. Getting a new loan is like getting a security clearance. :cheesy: At least in the area I am in (south of DC in PW county Virginia), sellers are still "offering" prices that are rather laughable; as a result a lot of the houses that were for sale are now "For Rent" :notrust:. And if you already have a loan, and qualified for a flat rate, don't be surprised if your lender calls up offering a possible lower rate refinance.

I'd have no problem getting a VA loan, plus my credit score is tops.

I'm talking about negotiating an outstanding price because there are many desperate buyers out there... at least in my corner of the woods.

 

[Rod]

The rumor is that the Fed will cut at least .5% next meeting. Soooo if the market starts to buy the rumor, then on Jan 30 it may be time to sell the news. :laugh:

Yeah... the more I think of it, that is probably factored in at this point.

IMO, the market bought then sold the rumor last week after Ben spoke.

 

[Rod]

I don't know if the FED is going to wait until the end of month meeting. There are also rumors out there that they will make a cut before then.

Could be interesting.

It'll be a roller coaster ride whenever it happens.

 

[Rod]

For those of you stuck in this downtrend, it can become very discouraging and quite scary. I was there myself in the summer of 2006 (see previous posts in this thread during that period).

My advice would be not to give in and sell-off (like I had done). Stick it out, and actually DCA in with new monies... if that's your piece of cake.

Once this market takes off, it'll take off big. And if you are currently registering a loss, you don't want to miss that rebound.

We don't know when that rebound is going to come, or what will be its catalyst. But it will come.

Your patience and determination will pay off!

God Bless

 

[moneymikem]

Hey Rod , I've been watching the Weather Channel's new series how weather changed the world and they were talking about the Battle of the Bulge. I never realized how bad it was until I saw that. It's on at 8pm. Your grandfather really had it hard over there. They didn't have any cold weather clothes and very little supplies. Snow and cold rain caused a lot of trench foot. Feels like a battleground on Wall Street this year so far. I'm staying in the cave until it warms up some. Maybe Uncle Ben can bring in some relief.

 

[Rod]

Hey Rod , I've been watching the Weather Channel's new series how weather changed the world and they were talking about the Battle of the Bulge. I never realized how bad it was until I saw that. It's on at 8pm. Your grandfather really had it hard over there. They didn't have any cold weather clothes and very little supplies. Snow and cold rain caused a lot of trench foot. Feels like a battleground on Wall Street this year so far. I'm staying in the cave until it warms up some. Maybe Uncle Ben can bring in some relief.

Yeah... I'm fortunate enough to be in contact with someone who served with him and was actually with him when he was killed. They indeed had it rough.

 

[Rod]

Contemplating moving from 50(G) 50(F) to 100(G).

I won't be able to post the move here once I make it, but it'll be on the auto tracker.

God Bless, and hang in there!

 

[Rod]

Got on...

100 (G) COB

God Bless

 

[Rod]

Whenever the market bottoms out and begins to grow legs once again, the IFT limits may very well be in place. Current plans are for it to be in place in April- pending computer system upgrades.

Anyways, back to my point- IF the limits are in place once the market stabilizes, my plans will be to enter equities then DCA "out" of equities into (G) little by little once I feel the market may be hitting resistance.

My overall goal will be to IFT little by little every day back into (G) since we will supposedly have unlimited IFTs to (G).

I'll simply play this cycle with the market cycle.

Then once the market stabilizes again, I'll go all into equities until we again begin to hit resistance, then I'll DCA out little by little every day.

Get the picture?

God Bless & Happy IFT'ing!

 

[qibovin]

Whenever the market bottoms out and begins to grow legs once again, the IFT limits may very well be in place. Current plans are for it to be in place in April- pending computer system upgrades.

Anyways, back to my point- IF the limits are in place once the market stabilizes, my plans will be to enter equities then DCA "out" of equities into (G) little by little once I feel the market may be hitting resistance.

My overall goal will be to IFT little by little every day back into (G) since we will supposedly have unlimited IFTs to (G).

I'll simply play this cycle with the market cycle.

Then once the market stabilizes again, I'll go all into equities until we again begin to hit resistance, then I'll DCA out little by little every day.

Get the picture?

God Bless & Happy IFT'ing!

That sounds like a reasonable plan, but there's one possible technicality and one very real problem with it:

First, the potential technicality. The limited "guidance" that I have seen is that after your two allotted IFTs, you would only be able to go to the G fund. To me, this implies (or more likely, I was reading into it) that you'd have to go 100% G in any moves over the limit. But, then again--rethinking this after your ingenious ideas--I do seem to remember something about "unlimited moves to the G fund, so that does seem to suggest that we would be allowed more than a one time move.

The second obstacle, however, could be more significant. After you've made more than two DCAs out in any particular month, you would not be able to "go all into equities" until the first trading day of the following month, effective the following day. You could IFT from 80% equities to 70%, then 60% on the first and second of the month and be stuck barely half in the market until the 4th of the following month (if the 1st and 2nd fell on Sat and Sun), missing the entire month-long rally.

I do like the idea of somehow putting the "unlimited" moves to the G fund to work for us. Perhaps "resetting" to 100% equities at the beginning of every month would be one way to avoid completely missing a rally early in a month. Just a thought.

 

[Rod]

I do like the idea of somehow putting the "unlimited" moves to the G fund to work for us. Perhaps "resetting" to 100% equities at the beginning of every month would be one way to avoid completely missing a rally early in a month. Just a thought.

That sums up my plan exactly since we should have unlimited IFTs into (G).