Steveg's Account Talk

steveg

Member
I am new to this forum, and don't have a ton of financial knowledge. But, I am trying to maximize my returns and lean on Corepuncher!
 
Re: Steveg's thread...

Thanks Mojo :)...

I have a question that is probably going to sound ridiculous, but...

Is there anyone else here who, when trying to "protect" your TSP (during an anticipated market drop), feels at times that even the "safe" position, i.e. G-fund -- given that G is an investment in our hovering-dangerously-near-bankrupt government -- is not necessarily all that "safe" either?

In other words, sometimes the options for moving around money seem to range from bad to worse! Maybe the TSP needs some sort of "commodities" fund...

Steve
 
Re: Steveg's thread...

Thanks Mojo :)...

I have a question that is probably going to sound ridiculous, but...

Is there anyone else here who, when trying to "protect" your TSP (during an anticipated market drop), feels at times that even the "safe" position, i.e. G-fund -- given that G is an investment in our hovering-dangerously-near-bankrupt government -- is not necessarily all that "safe" either?

In other words, sometimes the options for moving around money seem to range from bad to worse! Maybe the TSP needs some sort of "commodities" fund...

Steve

If I could take all mine out I would. I don't think the question is ridiculous at all.
 
Re: Steveg's thread...

DH has filed for disability and if I'm reading the rules right, he can roll over his balance from the tsp to an IRA fund if he is approved. But would this be any safer than the G fund??? It seems like nothing is safe.
 
Thanks all for the welcome and the responses. Someone stated "It seems like nothing is safe..." I think that about sums up my overall, current perspective perfectly!

On the positive side, I have been able to somewhat "minimize" some small amount of my losses by selling at relative high points, and buying at relative low points during this bear market. My goal at this point is more to limit losses, as opposed to making gains. I guess it seems like, to me, that in a down market the best you can do -- aside from a total G position -- is limit losses as best as you can with some positive moves. The problem I have with an "all G" position for an extended time, is that I have taken significant losses. So, while the "all G" would be slightly "positive" in terms of growth, I feel that I can't afford to miss the gains at the beginning of the next market recovery (which I am PRETTY sure must be coming at SOME point!) However, with each "stimulus" package -- i.e. taxpayer money spent by the government, I think we are both A.) pushing that recovery farther into the future, and B.) limiting greatly the "intensity" or "magnitude" of the recovery -- with the massive debt acting as a huge anchor to the economy as what will surely be higher future taxes begin to weigh big-time on the consumer).

Steve
 
tsptalk --

Thanks for the link. Guess I'm getting close to the "post minimum" needed to set up for automated tracking...

Steve
 
I am new to this forum, and don't have a ton of financial knowledge. But, I am trying to maximize my returns and lean on Corepuncher!

Welcome and Good Luck (GL), :)

Getting into the Autotracker is nice but I wouldn't put too much hope in the markets doing a 180 degree turnaround, just cause you joined, but if you can then Please hurry. :D It's is a nice feature for you can read the comments then compare/contrast all the other entries.
DannyBoy
 
S&P down slightly for the day. The lack of any bounce the last couple of days after the drop earlier this week is interesting...and an indicator that we have more downward moves in the short term? Hmm...

Steve
 
Thanks, KevinD.

I'm another one of those guys that Corepuncher brought over here. I think he drug 3 of us in here in the past day or so!

Steve
 
I almost bought another 17% into C today, which would have put me at 50%C, 50%G. I didn't do it at the last minute. At this point, I'm looking either for a small rally above the low 800s in the short term (at which point I'll probably sell back out of C -- bought that 33% in at 789 S&P), or else some more down movement (if we can reach the low 700s or so, I'd be considering buying some more into C). Overall, though, I'm bearish, and FWIW I'm expecting to see lows into the 500s at some point later this year. I don't have anything "technical" to base that on, other than the general feeling that the "BS" has not been shaken out of the markets yet (the lying, fraud, etc.), and until that happens, throwing more "stimulus" money at the problem does nothing, IMO, aside from delaying, and then weakening the strength of, any future recovery. I think a full correction HAS to happen, and will -- either now or later -- IRRELEVANT of how much money our government tries to throw at the problem. Just my thoughts.

Steve
 
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