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Thread: Birchtree's Account Talk

  1. #16465

    Default Re: Birchtree's Account Talk

    Quote Originally Posted by Birchtree View Post
    If I can pull in +$24K today I'll have a gain of +$1.5M in my oceanic account for 2013.
    Think back to 10 yrs ago. Could you have imagined saying then what you're saying now?

    Have a blessed 2014, Chief.

    JR
    CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017

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  3. #16466

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
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    Default Re: Birchtree's Account Talk

    I bought everything I could during the triple bottom of 2002-2003 and held everything I could during the 2008 smash and now I have a long market equity of $6M working in my favor. That base provides a lot of power and will help me succeed in 2014. I'll stay on margin building my debt hole until I reach the $10M base and then slowly back'er out taking careful capital gains - at least that's the long term plan. I rode the woolly beast through the 1970s and was there for the 1982 takeoff - and have stayed long through the 1990s and am still confident enough to make $Ms going forward. There is plenty of fear around to make lots of serious money yet.

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  5. #16467

    Join Date
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    Default Re: Birchtree's Account Talk

    I was going to purchase some more wall flowers but decided to wait until Thursday when I pick up 30 free trades/month. That's a total of 360 free trades during 2014 and I plan to make somewhere around 500 trades. The more you have in the more you can win and if 2014 is anything like 1996 there is going to be tremendous potential to acquire further wealth. Time in the market, not market timing, offers the greatest chance for investment success. I wish to thank my dividends for doing most of the heavy lifting in 2013 - and they will continue their role alongside my margin buying in 2014. My wife is retiring in 2014 and this will allow me to take some capital gains and still remain below some of Barack Obozo's taxes - and the best thing is the IRS can't touch me.

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  7. #16468

    Join Date
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    Default Re: Birchtree's Account Talk

    What a nice pop on the close - and Thursday may be a surprise. I believe I made my +$1.5K and a little more. We did have double digit gains in 1996 and 1997.

    There are all sorts of reasons to remain bullish - MarketWatch

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  9. #16469

    Default Re: Birchtree's Account Talk

    Where can I collect free trades!!!

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  11. #16470

    Join Date
    Apr 2005
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    Default Re: Birchtree's Account Talk

    EricDeLee,

    You can collect 30 free trades a month at Merrill Edge, providing you qualify. Normal internet trades are $4.95 each. I think it takes $50K to qualify.

    Here are my weekly balances for December: -$24K, -$93K, +$168K, +$155K, +$43K for a handsome gain of +$249K and a yearly gain of +$1.510M. Now it's on to 2014 and a raucous time it will be. I only missed my December gola of +$400K by $151K - it just goes to prove you can't always get what you want. Now both 1996 and 1997 had double digit gains following 1995. I'm so ready to blow the roof off the barn.


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  13. #16471

    Default Re: Birchtree's Account Talk


    How big is the pile of money starting January 1, 2014?

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  15. #16472

    Join Date
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    Default Re: Birchtree's Account Talk

    The manure pile is growing larger every day - now just a wee bit over +$6.3M. It will grow like a mushroom in 2014 with all the buying I'll be doing - the oceanic is on autopilot and I can't stop it from making money - thanx Janet. I know it sounds easy but I've waited 40 years to reach this sweet spot and I'll harvest as I go. Playing on margin means I can get buying power without having to sell any of my precious wall flowers - yes I play a dangerous game and that's why I'll devote some attention to my sacrificial lamb chop account in case I get hit with a blindside - and those blindsides can be mean.

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  17. #16473

    Default Re: Birchtree's Account Talk


    Where were you in the depths of early 2009 compared to now? Now that's a chart I'd like to see - the explosive growth over the last five years of the Oceanic account!

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  19. #16474

    Join Date
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    Default Re: Birchtree's Account Talk

    Gosh if I recall correctly my long market value was holding somewhere slightly over +$800K and I was -$1M out on the bottom in December 2008. Then I dumped over $8ooK I had in CDs into the market and started buying everything that smelled like a skunk. Damn those were some good cherry picking purchases but it took mucho guts to step in front of that train. I'm so glad I felt no pain and threw everything I had down the wet cold rabbit hole. I made over 1,000 dollar cost trades in 2009 and about the same in 2010. Now I'm just riding the glory and will keep on riding until the bull bucks me off - which may not happen for years.

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  21. #16475

    Default Re: Birchtree's Account Talk


    Great stuff!

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  23. #16476

    Join Date
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    Default Re: Birchtree's Account Talk

    The marvelous wonder of margin is that every time I get a daily gain it goes directly to buying power and also builds cash. Now it's not free by any means - I pay 2.75% interest on my loan which just happens to be tax deductable - sort of like a heloc. This could provide me with ample potential to really get the giddy going as the bull continues to stampede - but then there will be some turbulence along the way - that's accepted as the cost of doing business. So no one should try this until you really know who you are - the back office girls will show you absolutely no mercy - they think the money belongs to them and they are correct.

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