Rod's Account Talk

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On the horizon are much lower mortgage interest rates. Although they are lower now, they will likely be much lower by July/Aug. It will then be the ideal time to refinance a mortgage. Keep an eye on those rates.
 
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Time for capital preservation. I was 100 (F). But, AGG is acting very odd. I don't trust it right now. Therefore...

Effective COB: 100 (G)

God Bless :smile:
 
Rod said:
On the horizon are much lower mortgage interest rates. Although they are lower now, they will likely be much lower by July/Aug. It will then be the ideal time to refinance a mortgage. Keep an eye on those rates.
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I can't wrap my head around negative mortgage interest rates. Why would a lender do that?
 
BTW, I think I will wait for AGG to consolidate some before going back into (F). That will likely occur with those inevitable explosive rallies.
 
Rod said:
Of course, if you mimic my moves, you do so at your own risk! :scared1: But then again, you already know that. :biggthumpup:
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Absolutely, but I have been thinking that way myself too. When dip buyers come in all that money is moving back and I don't want to get caught out there. It makes it hard with our EFT time limits etc... It may not be perfect timing but it's coming.
 
tom4jean said:
Absolutely, but I have been thinking that way myself too. When dip buyers come in all that money is moving back and I don't want to get caught out there. It makes it hard with our EFT time limits etc... It may not be perfect timing but it's coming.
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Yep! We may very well get an explosive relief rally tomorrow, and folks are positioning themselves for it. AGG has now bounced back up from the daily low... when I decided to make my move. Maybe it tricked me into thinking it was acting odd. Especially with the volume now above average. Either way, it's been a rocket that must come to earth. It could go higher before it comes crashing back to earth. But, I did not want to take that chance of being caught in it when it does. Hopefully after today's close, my TSP YTD return will be under (above?) -1%. It is now at -1.21%. I can slowly but surely break even while resting in (G) until I decide to come out of hiding.
 
bmneveu said:
I can't wrap my head around negative mortgage interest rates. Why would a lender do that?
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I think you quoted me at the same time I had edited that comment. I did not mean to say negative mortgage rates, but rather a negative Prime Lending Rate. I left it out altogether as not to cause any confusion. At any rate (pun intented), banks can still make money with negative mortgage rates with fees and other costs.
 
Rod said:
Time for capital preservation. I was 100 (F). But, AGG is acting very odd. I don't trust it right now. Therefore...

Effective COB: 100 (G)

God Bless :smile:
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AGG has been on a roller coaster ride all day long. But, how will it close?
 
Look at that AGG candlestick @ 1535 EST! All the way down to 117.00 (low for the day) then back up to close @ 117.93!
 
I realize everyone has their threshold of pain. But, I noticed a few capitulations on the AutoTracker. A few folks IFT'd to (G) while taking a 7%+ hit today. IMHO, that's what you don't want to do in this environment because you will miss those eventual explosive rallies that will eventually cause you to break even over time, or perhaps in one day. My advice (with a grain of salt) is not to capitulate and sell at a loss that large.

My Two Shiny Lincolns
 
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