WorkFE's Account Talk

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Of all the years I've been doing a Schedule D the IRS has never challenged me. However, starting in January 2011 they will have a copy of every purchase made as well as every sale, thanks to finra regulations placed on brokers. Pretty soon every time you flush Al Gore will know about it.
 
That starts in 2011 but they won't have hard copy info from 10, correct.
It is such a crap shoot anyway but I'm generally the honest broker when it comes to my taxes.
I considered cashing out completely just so I could fill the safe full of $1's and then show the wife and tell her I robbed a bank.:D

I remember when we sold our 1st house. Fixer up'er I paid 10K for plus pumped 20K in. Sold it for 78K after 3 years. Cashed the check for 100 dollar bills and piled them up on the bed. Wife thought I'd lost my mind. Sure was a long time ago.
 
There are those who believe the next few days will provide a better buy in opportunity. IMO I would not count on a drastic pull back anytime soon. The market just is not overly bullish. Generally when caution is in the wind the market will just sit on the fence. It is smarter than us.:D

Given the "Event" early next week, I believe we are in a holding pattern. But that's just me. After tuesday the gloves come off.
 
On 10/14 the I fund was at $19.73 and has gained $0.05 to $19.78. The S fund was at $19.00 and has gained $0.49 to $19.49. The C fund was at $14.13 and has gained $0.30 to $14.43. It would appear that the I fund is undervalued. I pulled 5% off the I fund at $18.76 and another 5% off at $19.53 - not my best moves to date. I may have to chase to get back in.
 
Birchtree said:
On 10/14 the I fund was at $19.73 and has gained $0.05 to $19.78. The S fund was at $19.00 and has gained $0.49 to $19.49. The C fund was at $14.13 and has gained $0.30 to $14.43. It would appear that the I fund is undervalued. I pulled 5% off the I fund at $18.76 and another 5% off at $19.53 - not my best moves to date. I may have to chase to get back in.
Click to expand...

I agree, it is undervalued, but I do have to admit I hate buying the I-Fund. Buying the I-Fund is like buying 2 stocks at once, EFA & the Dollar. Problem is you increase your odds of something going right, wrong, or neutral.
 
I lowered my allocation in the I fund as well some time ago. Luckily I still had contribution going there so I made a weeeee bit. In any event I have way to much sitting on the side and will reevaluate my position.
 
WorkFE said:
In any event I have way to much sitting on the side and will reevaluate my position.
Click to expand...

So I might as well add more to the sideline:confused: I know BT, lack of courage.

G-85
C-5
S-5
I-5

I'm hoping this is a short term move.
 
Investments are not difficult to manage but just in case you are not sure.

Investments that acrue interest: a fee paid to you for saving your money at an institution. They use your money to invest to make money for themselves. Currently, looking at low interest rates, they don't need your money. A necessary evil for diversification but not a great vehicle at the moment. IMO a hefty savings account, regardless of returns is a must.

Investments that appreciate: investments which go up in value, like our TSP funds. These investments do not pay you (without some active participation on your part, like buying low and selling high and the matching contribution) they just go up and down in value. IMHO The matching contributions is what makes this vehicle attractive.

Investments that pay dividends: Payments made to stockholders on a per share basis. Unless you are buying and selling on extreme value divergences you generally hold these for their dividends. Generally more rewarding than interest, depending on the stock.

I encourage anyone who just lurks around here to take the initiative to start with some easy reading (some 101 stuff). If the past couple of years was an eye opener just imagine what you could have accomplished if you were not a wooden Indian. :laugh:
 
Deep inhale, Big exhale. What a day that turned out to be. Everybody having fun yet.
I believe we get some follow through today.
 
I will be high in a tree stand tomorrow and no signal for any comms. To all of the veterans out there, past and present, thanks for all you do. Your sacrifices do not go unnoticed.
 
Just like yesterday when the market was up pretty good and then the selling started it would not surprise me to see some buying going on this afternoon to minimize the damage. Just depends who the buyers are.
 
Everything is green today so far so the potential for a ballistic lift off is extremely possible. Of course it could turn out to be a yawner or, forbid, with all the positive news a (Sell the news).

I say we lift off going into the holidays.
 
Here's hoping that the run continues. I'm back in the top 100 and ahead of Birchtree. :D I'm spending my own time in a tree the next few day's. Hopefully Birchtree won't get back ahead of me while I'm trying to get some jerky.;)
 
Cattman said:
Here's hoping that the run continues. I'm back in the top 100 and ahead of Birchtree. :D I'm spending my own time in a tree the next few day's. Hopefully Birchtree won't get back ahead of me while I'm trying to get some jerky.;)
Click to expand...
good luck i will be a heated hut (wood burning stove):D govment hunter :D, but the jerky is just as good,
and my left big toe dont get cold
 
Cattman,

Hope springs eternal. Your 15% G fund hedge is going to be a head wind that will hold you back - check out my tail lamps I gott'em from ARM (Arvin Meritor). I noticed where #19 lsbeachwx has gone all in S fund COB today. Keep in mind there is a 90 day cycle circling and looking for a date to nest.
 
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