Steadygain's Account Talk

[Birchtree]

Google will turn this market for tomorrow - price was up over $12.00 on the after hours trading. I think there will be more earnings surprises on the way.

 

[Boghie]

Wow, that G Fund is a very Steady Gain...

Youser (probably sic.),

Watching the Autmated Thangy and looking at the daily returns for the folks 100% in the G tells me the Gubmint is going to give us a mighty

2.5%​

Return in the G Fund...

Now, that is something to bank on!!!

Actually, the sad fact is - It does:nuts:

 

[Boghie]

Another Book Recommendation for SteadyGain

SteadyGain,

I got all excited when you started talking about books on finance. I have recently (no folks, not just the past six months) really started to enjoy the mix of economics and social studies.

I was watching C-SPAN (wow, what a life I lead, eh) and saw two long Book-TV discussions. The first with Nail Ferguson regarding a new book titled 'The Ascent of Money' and the other with Amity Shaes on her newish book 'The Forgotten Man'.

Awesome interviews.

Bought them both.

Just read Shaes' book. IT IS A MUST READ.

Now, to Ferguson's...

 

[alevin]

Re: Another Book Recommendation for SteadyGain

I have recently (no folks, not just the past six months) really started to enjoy the mix of economics and social studies.

I was watching C-SPAN (wow, what a life I lead, eh)

I rarely watch C-Span-mainly an NPR person, but I did happen to watch C-SPAN last night about 2 hours worth-the House Appropriations Committee. Boghie, you and I lead really exciting lives, apparently. The biggest thing I took from all the to-ing and fro-ing was....wait for it, wait for it....suckin' up my courage to speak....you heard it too maybe?

A Republican Congressman (don't recall which one)-actually said that if we don't get the economy rolling again quickly and do it the right way (of course)-the U.S. will be a "junk bond nation by the year 2020". Which is of course right about the time I'd be thinking about retiring, or at least within a couple years. Dam. I was already thinking it would be a good idea to work til full SS retirement age-a few years past 2020, and was calculating in about $10K annually of part-time postfed employment between 65-70 before daring to retire for good. If things really do go to H-in-a-H between now and 2020, I may not be retiring fully til I'm 75 or more.

Something for everyone to consider, where are you in your calculations for part-time retiree income to fill the holes? You can use retirement calculators on the web to run some scenarios for yourself to start thinking ahead.....

 

[Boghie]

Re: Another Book Recommendation for SteadyGain

Aelvin,

Here is another 'wonderful' thought.

Common practice for retirees is to draw down their accout by at most 4% a year. That is considered sustainable.

Ummmm...

What happens when your retirement account devalues (depresses) by 4%?

Uuuummmmmm... Do you lose a year of income?

I know we can make it back. Folks with a large G/F holdings can make a killing when things bang up. However, when that happens - me not know. There was NO sustained market growth in the 1930's. NO growth. Spikes, yes. Nothing really useful for moderate traders. And, the growth would occur when FDR Sr. mentioned business possitively. Then it would slam on news of an 'undistributed profit tax'. Comments like that came from the blue and clobbered the market and the economy.

Now we have FDR Jr..

Can't wait for some form of 'windfall profits tax'.

Sure, that's the ticket:cheesy:

 

[alevin]

Got to laugh at the G Fund tag-it hurts. I made a medium-sized booboo Monday a week ago in the real account and haven't managed to be quick enough to backtrack yet. I'm jealous of the one who managed to get back to neutral, that was my plan yesterday but dang it, I got sidetracked once I got to work. Same thing happened today. Those Ichimoku Clouds are hinting maybe I could get most of it back within the next week or 2, if I'm reading them right (daily calcs, not weekly)-but I'm so new at ICs that I'm not sure yet what they're really telling me in the shortshort term. Guess I'll find out.

My retirement calcs for comfort zone rely on 10%/year going into investments and investments earning 10%/year average until retirement. Hmm. These next 10 years may not allow me to get where I'd like to be. I'd like to be able to subsist entirely w/o SS in retirement, but the market....best laid plans, etc. Sure didn't earn 10% last year.

 

[Steadygain]

Alevin,
I need to go to bed....but I'm so glad you're up.

Did you know I only have one sister in real life (and that is you)

My sincerest love and admiration for being such a super wonderful lady.

Good Night and tell Mom and Dad I love them...

Steady

 

[alevin]

G'night Steady, see you in the am. Mom and Dad know what we're up to and they approve. Mom's told the problem child to listen up.

 

[Boghie]

All is not lost...

SteadyGain is heading off to sleepytime so I would like to be positive if I may... I really am not doom and gloom I think President Obama is very sharp and seems to have some leadership capability...

Regardless, Alevin, keep doing what ya doin. You will be all right. Better than all right. It’s about time we Americans learned to live a bit more like the hardy Americans of old. A bit more frugally, but not in poverty. These are actually good times.

If this kind of economic garbage continues than the cost of living will decrease. Look at housing and fuel even now. Living today is much less expensive than living last year. For us, with good jobs, that is a good thing. And, you are buying new equities (hopefully) at extremely low prices - almost two C Fund shares for the price of one last year.

Your assets in TSP are gold.

They will hold their value.

 

[Steadygain]

Re: All is not lost...

SteadyGain is heading off to sleepytime so I would like to be positive if I may... I really am not doom and gloom I think President Obama is very sharp and seems to have some leadership capability...

Regardless, Alevin, keep doing what ya doin. You will be all right. Better than all right. It’s about time we Americans learned to live a bit more like the hardy Americans of old. A bit more frugally, but not in poverty. These are actually good times.

If this kind of economic garbage continues than the cost of living will decrease. Look at housing and fuel even now. Living today is much less expensive than living last year. For us, with good jobs, that is a good thing. And, you are buying new equities (hopefully) at extremely low prices - almost two C Fund shares for the price of one last year.

Your assets in TSP are gold.

They will hold their value.

THANK YOU Boghie !!

Maintaining a postive attitude is the best thing we can do, especially in light of the financial and personal difficulties many members are dealing with.

With the TSP - I would really encourage everyone to put as much as you possible can put into your account. Also do everything possible to avoid using it for loans.

My 21% (with 5% Matching included) has really added up over the years. RETIREMENT IS CLOSING IN - no matter how many years we have - and it will take a huge sum to stretch out over the years.

 

[Steadygain]

Economics 101 Final Exam.

By using the Black Hole as an analogy - describe the banking industry beginning with your own account.




Answer sheet:
Black Hole: the center of my galaxy is a bank that has my account. The bank draws upon my funds to increase the banks matter. The bank then starts to draw on other funds and becomes a giant bank. Then other banks join in to to become a galaxy. Now when one bank begins to die off, it starts expanding until it collapses in on itself. It draws heavily on the other banks matter once it collapses and drains the other banks of their matter. It draws matter specifically based on real estate exchanges until it drains the other bank's matter. The interaction of this occurs until all matter is contained or redirected elsewhere. This is known as a black hole because not even the light of hope can escape.

Frixxxx - A+

I haven't done The Post of the Week for awhile - so this is it.

 

[Steadygain]

Well everyone - as Boghie says - I'll try to be POSITIVE

Our jobs are secure and the TSP is safe and sound. Regardless of where we stand right now (for the better or for the worse) it is an Account that is not meant for the here and now - BUT FOR THE YEARS TO COME.


As BAD as it is - and as BAD as it's going to get - that is ALL THE MORE WE HAVE TO LOOK FORWARD TO later on.

The S&P dipped below 800 several times this week and that is a very rare buying opportunity. It may fall as low as 600 or even lower - before it's all done - BUT honestly in the long run those are the very best buying opportunities of our life.

The DOWN SWING - will be countered with the UP SWING and what is maybe 650 in the months to come will be at least 1,300 (double that amount) within 2 years maximum.

So focus on the good things and try to take things in stride. Essentially every Member says something worthwhile - lots of super smart people to enjoy - lots of excellent humor - lots of heartfelt concerns and lots of love and compassion to go with it.

So have a GREAT Weekend everyone and if you have a dog then really make a point of having some super quality time - lay down on the carpet and just love it to pieces - rub the tummy for a long time and really sweet talk - go on a long walk and talk with the dog almost the entire trip. Have a few dog bones and break them in half and spoil him/her - and just remind him/her that she's (he's) the greatest thing in the world.

 

[Birchtree]

I took my cat for a walk today as a matter of fact. She is leash trained and going out is the highlight of her days. She is a mother's girl and cuddles with the wife at night and often sleeps between my legs outside the covers. Mindylou is also becoming an avid investor spending a great deal of time resting behind my computer coming around often to get a kiss - talk about a great smoocher. You enjoy your weekend, too.

 

[Frixxxx]

Economics 101 Final Exam.

By using the Black Hole as an analogy - describe the banking industry beginning with your own account.




Answer sheet:
Black Hole: the center of my galaxy is a bank that has my account. The bank draws upon my funds to increase the banks matter. The bank then starts to draw on other funds and becomes a giant bank. Then other banks join in to to become a galaxy. Now when one bank begins to die off, it starts expanding until it collapses in on itself. It draws heavily on the other banks matter once it collapses and drains the other banks of their matter. It draws matter specifically based on real estate exchanges until it drains the other bank's matter. The interaction of this occurs until all matter is contained or redirected elsewhere. This is known as a black hole because not even the light of hope can escape.

Frixxxx - A+

I haven't done The Post of the Week for awhile - so this is it.

Thanks Steady! I appreciate the recognition. Maybe I'll start my own Groove and Trip pad and come up with something worthy of the master!

Have a great weekend!

 

[WorkFE]

Thanks for the confidence boost Steady, after this week of volatility and never ending bad news, I feel much better. In fact the wife and I are going down to the Louisville Boat and RV show tomorrow. Time for a bigger travel trailer.
BT I got a tiny black cat, about 3 years old, sleeps right in the middle of my chest from 11pm to 5am.

Have a great weekend.

 

[Steadygain]

I took my cat for a walk today as a matter of fact. She is leash trained and going out is the highlight of her days. She is a mother's girl and cuddles with the wife at night and often sleeps between my legs outside the covers. Mindylou is also becoming an avid investor spending a great deal of time resting behind my computer coming around often to get a kiss - talk about a great smoocher. You enjoy your weekend, too.

Thanks Steady! I appreciate the recognition. Maybe I'll start my own Groove and Trip pad and come up with something worthy of the master!

Have a great weekend!

Thanks for the confidence boost Steady, after this week of volatility and never ending bad news, I feel much better. In fact the wife and I are going down to the Louisville Boat and RV show tomorrow. Time for a bigger travel trailer.
BT I got a tiny black cat, about 3 years old, sleeps right in the middle of my chest from 11pm to 5am.

Have a great weekend.

To all 3 of you - and to the many others on the MB

I had no idea what I would find on this MB and probably thought it would mainly be one strategy challenging another and everyone determined to show they were the best.

Instead I've found the deepest friendships I've ever known. There are so many lives I've stepped into and so many hugely special characteristics that make many of you unique in a very wonderful way.

I would say this site has become a source of inspiration and there is no way possible I could express how grateful I am for everything.

All I can say is it feels wonderful,

Steady

 

[Steadygain]

The Random song after my morning shower was a mix of 2 songs:

I can't stop loving you
..........................ahhh ah ahhh

................I've made up my mind


And a new day
...................ahhhh ha ha ha ha haaaaaaaaaaaaa

................will begin

(fading) Moon light...all alone in the spot light

********************************************************

And now for the Business Report.....

40% of US Companies will make drastic reductions over the next 6 months

Steadygain is stuck in G Fund and will likely disappear until next month when IFTs are once again available.

May this week bring way more than all of you could have hoped for.

 

[Frixxxx]

I had no idea what I would find on this MB and probably thought it would mainly be one strategy challenging another and everyone determined to show they were the best.

Instead I've found the deepest friendships I've ever known. There are so many lives I've stepped into and so many hugely special characteristics that make many of you unique in a very wonderful way.

Steady, thanks again!

But really, my friend, we all are interested in our financial future. We all found this site to discuss our beliefs/ learn new things. We've stuck around during the good and bad times, up and down markets.

We are kindred spirits separated by geography, joined by technology, and friends by choice.

Have a Great Day!

P.S. My German Shepherd, Nina, said thanks for the belly rub....She was very appreciative. We played for an hour on Saturday on your suggestion!:laugh:

 

[Frixxxx]

BTW, Steady

South Korea countdown = 30 days!!!!!

Sing this song:

Big Ole Jet Airliner, Don't carry me too far away!

 

[DCguy]

BTW, Steady

South Korea countdown = 30 days!!!!!

Sing this song:

Big Ole Jet Airliner, Don't carry me too far away!

sorry, I've been living under a rock for the last couple of weeks.
What's going on in S. Korea?