Steadygain's Account Talk

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No apologies needed dude! You were just expressing your feelings and that is what this MB is for.

I'm Cool.....You're Cool ....We're all Cool :cool::cool:
 
WIND HUNTER said:
No apologies needed dude! You were just expressing your feelings and that is what this MB is for.

I'm Cool.....You're Cool ....We're all Cool :cool::cool:
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Thanks WIND HUNTER - but Debbie and many others are right. :embarrest:

I need to be a lot more careful in the manner I express my feelings as some of my thoughts have caused tremendous uproars: the greatest by far are those pertaining to accepting the rules we're obligated to follow and equal to that is the competitiveness.

So I really need to promote an approach that's all inclusive and all accepting - and not focus so much on the ones most likely to rise to the top when the Markets take off.

Over the weekend my wife and daughter helped with the Polar Plunge - an event where people jump in the lake to raise support for the Special Olympics. One team had 150 people which was formed to support a couple with a 3 year old Down's Syndrome girl. That team is so big they have their own shelter. Carrie described the big crowd going down to the lake and all these people jumping in as the father came behind the crowd holding the 3 year old.

They would have won an award for raising the most money and the mother immediately told them to take their names off the list for any type of competition - stressing 'We are not here for US or for any kind of RECONITION - we are here for THEM'. That's the kind of attitude we all should have.

Got the Income Taxes done over the weekend - and the government is paying for our Property Tax - which is over $4,000. Despite raising my exemptions to 9 - I still get over $4,000 back. My property tax is cheap in relation to my home because the land is declared as Farm.

75% of our Mortgage Payments go to Principal - and over the next 4 years that percentage will get even higher.

Our Charitable Contributions are only 3 x average - but Emily's college was rated the #1 Mid West College by U.S. News and World Reports for 2 years in a row - and that cost about $30,000. She came home for the weekend so I changed her oil and filter.

Sarah went to China briefly and now is back in South Korea teaching all the kids until she comes home in 7/09.

Well that's about all from my end of the world. I'm still 100% S Fund and was hoping to say 'If you're in you WIN - and if you out You LOSE' - but playing in this Market is a dangerous game.

Well - it's possible I'll put some back in safety - or I may just leave it all where it is??? Decisions... decisions...

GL to everyone
 
Be BOLD and COURAGEOUS

But don't be STUPID

I'm lucky - very lucky I have not lost a lot more than I did....

Tomorrw am back to 100% G Fund




Tom's comments today expresses it well. For those of us with a tendency to jump in and out - the overwhelming odds are - YOU WILL GET BURNED. :(
 
Ah the wonder of it all - I actually bought three stocks today as a DCA: ABB, ALB and OLN and had several dividends hit my account for reinvestment. I have really no reason to sell out at this point - the majority price has already been paid. Indeed, the lower the market goes, the more compelling is the case for increasing risk, even over shorter time periods. I would remind myself that even during the depths of the Great Depression, some of the sharpest gains occurred soon after the market bottomed in 1932. And if the politicos decide to suspend mark to market accounting - watch out. It was the banks and financial that saved my skinny today. For the young board members and middle aged, the sharp drop in their net worth is at worst irrelevant, and at best cause for celebration. They will never see these prices again - this is generational in valuation.Our members should be saving as much as they can now and putting it into the stock market at these depressed levels. Given the sharp drop that has already occurred, the long-term outlook for stocks and many other riskier assets is better than it's been in years. Now aint't that right Rochester?
 
"I would remind myself that even during the depths of the Great Depression, some of the sharpest gains occurred soon after the market bottomed in 1932. And if the politicos decide to suspend mark to market accounting - watch out. "

I've been waiting over 50% for that 20% rocket. Buy high and wait for a century is a problem like buy high sell low. There's definitely a big role for a trustworthy advisor who can predict market peaks because it's certainly true what you say about being too low to sell, once you get there.
 
Birchtree said:
Ah the wonder of it all - I actually bought for reinvestment. I have really no reason to sell out at this point - the majority price has already been paid.

Birch,
My dear wonderful brother - YOU ARE NOT A PART OF THE CANCER that has ruined the U.S.A. You see Birch before the days of 'political correctness' I remember well how the Teacher showed how fortunate we were to be U.S. Citizens - because we had access to 90% of the world's resources and that's what we used. So we had it good Birch - in fact we lived a standard so far above everyone else that we had all the reason in the world to celebrate.

I remember well how incredibly 'blessed I felt' and with great joy I shared all this with my mother. She responded with a deep look of sorrow and said that meant the rest of the entire world only had 10% left over to divide for everyone else. SO THAT HIT ME HARD BIRCH - PROBABLY MY FIRST GREASTEST 'A HA' MOMENTS.

The CANCER that destroyed the world was created by the way the U.S.A. has lived and continued to live for decades upon decades. Spending beyond their means became the way of life - having the biggest and the best whether you had money or not was the 'model' that drove our society to live the way they lived. DEBT was a given and regarded as insignificant and LOOPHOLES dominated almost every family out there. This is what has destroyed our country Birch and the government simply did what they had to do to support it. SO IT IS NOT THE HOUSING BUBBLE AND EVERYTHING THAT EVERYONE POINTS TO - THAT IS JUST A SYMPTOM OF A LONG RUNNING CANCER THAT HAS BEEN ACTIVE AND SPREADING FOR YEARS.

So Birch - you're probably like me: Credit 832; never had a late payment and have no balance to pay off; everything except the house is paid for in FULL; Kids have no college loans or any debt; we have only what we could afford; income has always been greater than outgoing; Now we have everything but it took years and years to get where we are and WE AVOIDED DEBT throughout. We worked hard to live right and do the right things.

THAT IS WHAT SETS YOU APART BIRCH. IT'S WHY MY BIGGEST ACCOUNT IS GUARANTEED TO NEVER FALL BELOW 4% RETURN EVER; IT'S WHY MY SECOND BIGGEST ACCOUNT HAS ONLY GAINED OVER THE PAST 2 YEARS; - SO THAT'S WHY YOU HAVE REASON TO CELEBRATE BIRCH - BECAUSE YOU DID NOT ALLOW YOU AND YOUR FAMILY TO BE PART OF THE CANCER.

Indeed, the lower the market goes, the more compelling is the case for increasing risk, even over shorter time periods. I would remind myself that even during the depths of the Great Depression, some of the sharpest gains occurred soon after the market bottomed in 1932.

All this is trivial to me Birch - I simply look at the PRICES and I know the PRICES are excellent. BUT - they will be even better in the months to come.

I'm IN for the RALLY starting RIGHT NOW - that's what lead me in and that's why I DID NOT SELL to soon. ;)

And if the politicos decide to suspend mark to market accounting - watch out.
We've been over this - you know my view.

It was the banks and financial that saved my skinny today. WRONG Birch, it is the way you have lived over the years. It's being responsible and planning accordingly that saved you.

For the young board members and middle aged, the sharp drop in their net worth is at worst irrelevant, and at best cause for celebration. They will never see these prices again - this is generational in valuation.Our members should be saving as much as they can now and putting it into the stock market at these depressed levels. Given the sharp drop that has already occurred, the long-term outlook for stocks and many other riskier assets is better than it's been in years.
THAT IS THE MOST SIGNIFICANT BOTTON LINE TRUTH IN THIS WHOLE PICTURE - FOR THOSE WHO HAVE MUCH - MUCH MORE WILL BE GAINED - AND FOR THOSE WHO HAVE NOTHIING 'Don't cry on my shoulder'
Now aint't that right Rochester?
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Birch - you are where you are because of your grounding and Capt. Buzz has the same grounding :)

Warrenlm said:
"I would remind myself that even during the depths of the Great Depression, some of the sharpest gains occurred soon after the market bottomed in 1932. Here I would simply remind EVERYONE on the MB that over the past year we have all said 'The BOTTOM is NEAR' and we went LOWER AND LOWER.

We are NOT AT THE BOTTON NOW - 'Not no way, not no how' as the Lion on the Wizzard of Oz would say.

And if the politicos decide to suspend mark to market accounting - watch out. "

I've been waiting over 50% for that 20% rocket. Buy high and wait for a century is a problem like buy high sell low. There's definitely a big role for a trustworthy advisor who can predict market peaks because it's certainly true what you say about being too low to sell, once you get there.
Click to expand...

PLEASE KNOW - I understand your thinking. BUT DO THE MATH.

SELL EVERYTHING NOW AND STAY IN G FUND - HAVE ALL FUTURE CONTRIBUTIONS GO TO G FUND. The Markets GO DOWN another 20% or more before THE REAL BOTTOM is REACHED. THEN BUY AT THE BOTTOM - YOU COME OUT AHEAD. USE ME AS AN EXAMPLE AND SEE HOW MUCH MORE I'LL HAVE WHEN I BUY AT THE BOTTOM AND STAY IN FOR YEARS ON END.
 
Rod said:
What if I'm in with my Roth, and out with my TSP???:confused:

:D
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Then you are 'Da Man' :D

BTW - I noticed you're IFT today and in all sincerity it shook me back to reality. Selling 100% is totally an emotional play - something I try to avoid.

SO - I went 70% G and left 30% in S to pick up a little more.

Thanks man - it's your IFT that made me think twice.
 
Steadygain said:
Then you are 'Da Man' :D

BTW - I noticed you're IFT today and in all sincerity it shook me back to reality. Selling 100% is totally an emotional play - something I try to avoid.

SO - I went 70% G and left 30% in S to pick up a little more.

Thanks man - it's your IFT that made me think twice.
Click to expand...

You call it an emotional play.

I call it an optimistic play.

Furthermore, you of all people should understand emotions.;)
 
Hey Steady,

I watched "Blue Hawaii" the other evening with Elvis Presely filmed in 1962. I called the Buzz to let her know that it was going to be playing - I wanted her to see what the island she is on looked like 47 years ago. Now that was fun and a family moment with distance. Elvis was driving a very sweet Austin Healey registered in 1961. Well I'm off to Lowes to pick up some chicken wire to grow my cucumbers and yellow squash on. I don't know if today is the beginning of something or just an intermission - it matters not until at least the end of the month. I have many more dividends to come in yet and I prefer the lower prices.
 
Corepuncher said:
Steady, with any luck, you will once again have a positive YTD % after today.
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Yeah - I almost forgot we're in the midst of one of the worst BEAR MARKETS ever and got carried away.

So decided at the last minute 'This is my chance to run for PANSY KING' - and went 100% G Fund

Rod said:
You call it an emotional play.

I call it an optimistic play.

Furthermore, you of all people should understand emotions.;)
Click to expand...

I'm optimistic about today

FEARFUL about the next few months

Birchtree said:
Hey Steady,

I watched "Blue Hawaii" the other evening with Elvis Presely filmed in 1962. I called the Buzz to let her know that it was going to be playing - I wanted her to see what the island she is on looked like 47 years ago. Now that was fun and a family moment with distance. Elvis was driving a very sweet Austin Healey registered in 1961. Well I'm off to Lowes to pick up some chicken wire to grow my cucumbers and yellow squash on. I don't know if today is the beginning of something or just an intermission - it matters not until at least the end of the month. I have many more dividends to come in yet and I prefer the lower prices.
Click to expand...

Birch - you just don't know what it is to be a Pansy - so how in the world do you think you can understand me?

Have a good one Bro.
 
Pansy King Aye ! :nuts: Smart move in a Very Long Year. Even if Wednesday
continues to shine. Great job my brother ! ;)
 
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