ROTH IRA VS. TRADITIONAL IRA Part 2

[Guest]

imported post

jgpalmerdds wrote:

The profunds are good for one thing and one thing only: timing! Mike seems to have a good "system" which I don't know any of the particulars and he can explain, but it is probably dealing with market conditions, etc, a form of "timing". Go to http://www.profunds.com , go to prices/performance and click on performance data. You will see that all the Ultra Profunds have neg returns since their inception. That's not good for a buy/holder. Now again, I don't know Mike's particulars, but he is set up to get in and out of these Ultra pro funds with his timing "system". If the system is halfway right most of the time (which it seems to be) he makes a killing. I would not use these funds for long term buy/holding. That's my opinion. You will lose money this way

If you want a good buy/hold strategy I have a real eye opener of an article. go to

http://www.fundadvice.com/FEhtml/BHStrategies/0108/0108a.htmland check this out. I have no vested interest in this site. They stess for buy/holders the asset classes (small cap, large cap, international, growth vs. value, etc) to be involved with versus the funds themselves and the timing. This is just a suggestion if you don't want to follow a "system". I am in no way inferring it is better.

My suggestion:

look into Mike's system for your personal IRA's, he uses Scottrade and the Profunds. Paper trade it (practice on paper) for a little and then go for it. He does post his buy/sell signals under his accountor:

Check out the buy/hold article above and diversify into those 8-9 different asset classes or:

take the advice of someone else on the board.

Only trying to help, I don't have all the answers.

Joel

Joel, if you have been following along, you should have read that I have the backing of a CEO with me now. That being said, I have more money to "play" with now instead oh having to wait to save mine up.

You should know better than anyone that you can't "play" the mutual funds like we do our TSP funds, just doesn't work.........Yes I have a strategy for the mutuals, but this is a govt. funds site. If you want my advice on mutuals, it'll cost ya.

BTW, did you notice that the timing service you use to be with advertises on this site? Interesting huh?...............

 

[Guest]

imported post

Gee Wiz, Mike:

Can I go out and play, now?

Who told you about Scottrade and the Profunds? That's what I thought. And no, I'm not following your every post or anyone else's for that matter. Sometimes we "peasants" have to be updated a little with snide comments from our investing "elders", especially since we don't live on this site.

Lastly, let me know when you and the CEO go "public" on the exchange with this mutual fund thing and maybe I'll be the first in line to sign up.

No need to replybecause:

1-you're ignoring me, remember?

2- I'm done with this site, so I won't see it anyway

remember- Matthew 6:19-21, Romans 1:16, Matthew 7:22-23

I'm out

jgpalmerdds

 

[tsptalk]

imported post

 

[Guest]

imported post

jgpalmerdds wrote:

Gee Wiz, Mike:

Can I go out and play, now?

Who told you about Scottrade and the Profunds? That's what I thought. And no, I'm not following your every post or anyone else's for that matter. Sometimes we "peasants" have to be updated a little with snide comments from our investing "elders", especially since we don't live on this site.

Lastly, let me know when you and the CEO go "public" on the exchange with this mutual fund thing and maybe I'll be the first in line to sign up.

No need to replybecause:

1-you're ignoring me, remember?

2- I'm done with this site, so I won't see it anyway

remember- Matthew 6:19-21, Romans 1:16, Matthew 7:22-23

I'm out

jgpalmerdds

Testy, testy....................Isn't there a verse in Matthew that says "Don't pray in false churches"? This look like a church to you?

 

[pyriel]

imported post

Thanks guys for all your help. There are lots of good info presented and I really want to try some of them later. But for now, I am a buy and hold person. The reason for this is that I just can't devote as much time as I want it to be with stocks. With my job and my business and raising our kids, it takes alot out of me. Additionally, if I really want to time the market, I have to wake up at midnight to get in and out. I live on Guam and as you can all see I am like 18+ hours ahead of everyone.

I know, I know, I know that buy and hold and usually not the best thing for a person to do, but I wish I can just duplicate myself so that I can do all these things I wanted to do like market timing.

I hope I didn't start something between you guys. I'd like to apologize in advance if I did.

 

[Rod]

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You just do what you feel comfortable with.

BTW, no need to apologize. Those rants are now commonplace in the forum, and no one's fault but their own.

God Bless:^

 

[tsptalk]

imported post

pyriel wrote:

I know, I know, I know that buy and hold and usually not the best thing for a person to do

Actually, it might be... for the average investor. To do what some of us heredo, you have to be willing to put in some time and that certainly doesn't guarantee better results. So consider buy and hold in a diversified account.You'll sleep better.

 

[Mike]

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Buy and hold is boring. Don't you want to be cool like us?

 

[Rolo]

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hehehehe, Mike.

Investing is not so Black-and-White. You can buy and hold ("Fire and Forget"), you can day-trade, or you can find something in-between that fits your time and inclination. It's dynamic, so you can shift styles whenever you like.

For my IRA's, I spent about two weeks researching funds and found quite a few excellent ones that I like. I only trade one fund for another if I have a compelling reason to, which is onlyeveryseveral months, like when a fund is lagging, I find a sector that is performing very well, or when the market takes a dive and I go to a junk bond/contrarian mix. I really like RSFunds (RSPFX, RSNRX, RSCOX right now, and I am holding RSPFX as it is now closed).

Spend time on MorningStar.com and Kiplinger.com to learn about investing and to research funds.

 

[pyriel]

imported post

Mike wrote:

Buy and hold is boring. Don't you want to be cool like us?

Hehehe:dude:AsI write this, I just put my baby to sleep. I'd like to be cool but I also want some sleep:shock:. Tom is right, boring as it might be, at least I am getting some sleep ( I really need it). :zz Someday, when my kids are not keeping me up, I will take you on with timing the market. So you better get some rest because once I get started you'd never get rid off me so easily. I'll be bugging you to death to teach me what you guys do...:#

 

[sailor]

imported post

Milk man

I'd like to tap into some of your knowledge regarding your 4 times the TSP returns in your roth account if you'd be willing to share. I'm just becoming a more active trader myself. There seems to be a huge (greater now than has been for years) divide between the advice of the Bulls and the Bears, so unfortunately am drawn into inactivity in the middle.

Help.

Thanks!!!!

 

[Guest]

imported post

Sailor

May as well go to Vermont and tap into a tree and get sap...you will be further ahead.

Buy and hope does not work. Simple timing system below with great results. Now is the time to be fully invested in the STOCK FUNDS!






Actual Entry and Exit Dates : DOW












BEST SIX MONTHS STRATEGY + TIMING

MACD
Worst 6 Months


MACD
Best 6 Months


Signal
May-October*
Investing

Signal
November-April*
Investing

Date
DJIA
% Change
10,000

Date
DJIA
% Change
10,000

22-Apr-50
213.90
7.3
10,730

14-Nov-50
229.54
13.3
11,330

10-May-51
260.07
0.1
10,741

13-Nov-51
260.41
1.9
11,545

5-Apr-52
265.44
1.4
10,891

31-Oct-52
269.23
2.1
11,788

30-Apr-53
274.75
0.2
10,913

23-Oct-53
275.34
17.1
13,804

14-May-54
322.50
13.5
12,386

5-Nov-54
366.00
16.3
16,054

29-Apr-55
425.65
7.7
13,340

21-Oct-55
458.47
13.1
18,157

9-Apr-56
518.52
-6.8
12,433

8-Oct-56
483.38
2.8
18,665

9-May-57
496.76
-12.3
10,904

29-Oct-57
435.76
4.9
19,580

16-May-58
457.10
17.3
12,790

6-Oct-58
536.29
16.7
22,849

5-May-59
625.90
1.6
12,994

6-Oct-59
636.06
-3.1
22,141

22-Apr-60
616.32
-4.9
12,358

7-Oct-60
586.42
16.9
25,883

21-Apr-61
685.26
2.9
12,716

9-Oct-61
705.42
-1.5
25,495

23-Apr-62
694.61
-15.3
10,771

10-Oct-62
588.14
22.4
31,205

1-May-63
719.67
4.3
11,234

18-Oct-63
750.60
9.6
34,201

14-Apr-64
822.95
6.7
11,986

9-Nov-64
878.08
6.2
36,322

19-May-65
932.12
2.6
12,298

26-Oct-65
956.32
-2.5
35,414

2-May-66
931.95
-16.4
10,281

17-Oct-66
778.89
14.3
40,478

12-May-67
890.03
-2.1
10,065

21-Nov-67
870.95
5.5
42,704

8-May-68
918.86
3.4
10,407

14-Oct-68
949.96
0.2
42,789

21-May-69
951.78
-11.9
9,169

16-Oct-69
838.77
-6.7
39,923

15-Apr-70
782.60
-1.4
9,040

6-Nov-70
771.97
20.8
48,226

3-May-71
932.41
-11.0
8,046

29-Nov-71
829.73
15.4
55,653

24-Apr-72
957.48
-0.6
7,998

25-Oct-72
951.38
-1.4
54,874

26-Apr-73
937.76
-11.0
7,118

11-Dec-73
834.18
0.1
54,929

26-Apr-74
834.64
-22.4
5,524

10-Oct-74
648.08
28.2
70,419

1-May-75
830.96
0.1
5,529

17-Oct-75
832.18
18.5
83,447

5-May-76
986.46
-3.4
5,341

28-Oct-76
952.63
-3.0
80,943

27-Apr-77
923.76
-11.4
4,732

31-Oct-77
818.35
0.5
81,348

9-May-78
822.07
-4.5
4,519

14-Nov-78
785.26
9.3
88,913

17-Apr-79
857.93
-5.3
4,280

5-Nov-79
812.63
7.0
95,137

20-Jun-80
869.71
9.3
4,678

10-Oct-80
950.68
4.7
99,609

1-May-81
995.59
-14.6
3,995

14-Oct-81
850.65
0.4
100,007

4-May-82
854.45
15.5
4,614

8-Oct-82
986.85
23.5
123,509

13-May-83
1218.75
2.5
4,729

21-Oct-83
1248.88
-7.3
114,493

11-May-84
1157.14
3.3
4,886

17-Oct-84
1195.89
3.9
118,958

1-May-85
1242.05
7.0
5,228

4-Oct-85
1328.74
38.1
164,281

25-Apr-86
1835.57
-2.8
5,081

6-Oct-86
1784.45
28.2
210,608

13-Apr-87
2287.07
-14.9
4,324

4-Nov-87
1945.29
3.0
216,926

10-May-88
2003.65
6.1
4,588

12-Oct-88
2126.24
11.8
242,523

8-May-89
2376.47
9.8
5,037

14-Nov-89
2610.25
3.3
250,527

20-Apr-90
2695.95
-6.7
4,700

22-Oct-90
2516.09
15.8
290,110

26-Apr-91
2912.38
4.8
4,926

17-Oct-91
3053.00
11.3
322,892

11-May-92
3397.58
-6.2
4,620

21-Oct-92
3187.10
6.6
344,203

26-Apr-93
3398.37
5.5
4,874

7-Oct-93
3583.63
5.6
363,478

13-Jun-94
3783.12
3.7
5,055

17-Oct-94
3923.93
13.1
411,094

23-May-95
4436.44
7.2
5,418

23-Oct-95
4755.48
16.7
479,747

17-Apr-96
5549.93
9.2
5,917

17-Oct-96
6059.20
21.9
584,811

27-May-97
7383.41
3.6
6,130

18-Nov-97
7650.82
18.5
693,001

24-Apr-98
9064.62
-12.4
5,370

13-Oct-98
7938.14
39.9
969,509

13-May-99
11107.19
-6.4
5,026

20-Oct-99
10392.36
5.1
1,018,954

13-Apr-00
10923.55
-6.0
4,725

23-Oct-00
10271.72
5.4
1,073,978

11-May-01
10821.31
-17.3
3,907

2-Oct-01
8950.59
15.8
1,243,666

1-Apr-02
10362.70
-25.2
2,923

2-Oct-02
7755.61
6.0
1,318,286

10-Apr-03
8221.33
16.4
3,402

3-Oct-03
9572.31
7.8
1,421,112

20-Apr-04
10314.50
-0.9
3,371

4-Oct-04
10216.54





55-Year Loss
($6,629)



54-Year Gain
$1,411,112



sailor wrote:

Milk man

I'd like to tap into some of your knowledge regarding your 4 times the TSP returns in your roth account if you'd be willing to share. I'm just becoming a more active trader myself. There seems to be a huge (greater now than has been for years) divide between the advice of the Bulls and the Bears, so unfortunately am drawn into inactivity in the middle.

Help.

Thanks!!!!

 

[Guest]

imported post

sailor wrote:

Milk man

I'd like to tap into some of your knowledge regarding your 4 times the TSP returns in your roth account if you'd be willing to share. I'm just becoming a more active trader myself. There seems to be a huge (greater now than has been for years) divide between the advice of the Bulls and the Bears, so unfortunately am drawn into inactivity in the middle.

Help.

Thanks!!!!

Please forgive MT, he was just released from the odd fellows home...........

Not going in too deep into my system, you basically make your extra money by being able to play the "inverse" funds when the market is going down. You can also play 2X and 2X inverse funds which affords you the opportunity to make twice as much profit, but also twice as much loss. I do have to play differently than I do with my TSP because you can't keep getting into and outof the funds every day like we can with TSP. Just play the trends and you'll be fine.............

Good luck,

M_M

 

[Guest]

imported post

A system from 1950 (that works).

November to April be fully invested. May to October be fully out.

However if you sell the last week of January you would even have done better. Of course it is boring to be out of the market February to November so you buy on the downtrends and sale at the peaks...like "we" not MM did this year.

mlk_man wrote:

sailor wrote:

Milk man

I'd like to tap into some of your knowledge regarding your 4 times the TSP returns in your roth account if you'd be willing to share. I'm just becoming a more active trader myself. There seems to be a huge (greater now than has been for years) divide between the advice of the Bulls and the Bears, so unfortunately am drawn into inactivity in the middle.

Help.

Thanks!!!!

Please forgive MT, he was just released from the odd fellows home...........

Not going in too deep into my system, you basically make your extra money by being able to play the "inverse" funds when the market is going down. You can also play 2X and 2X inverse funds which affords you the opportunity to make twice as much profit, but also twice as much loss. I do have to play differently than I do with my TSP because you can't keep getting into and outof the funds every day like we can with TSP. Just play the trends and you'll be fine.............

Good luck,

M_M