I'm sure today is nothing but another buying opportunity. :toung:
It's time to buy a few flowers: TEX, MTW, MAS. and I have two dividends due. Better days ahead I'm sure.
I'm sure today is nothing but another buying opportunity. :toung:
Oh the pain of it all means buy until it hurts: HP, BZH, GMT, GBX, TKR, KWR, KMT, TEN, GT, KOL. These golden prices may not come around again - I'm holding all my coal stocks to see what will happen with Russia - we can ship as much coal as we can mine.
Birch, VIX above 15 again. Is the dip done yet?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
When is the 'blood in the streets' part?
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
This market reminds me of a poem we recently taught our granddaughter:
There once was a girl with a very pretty curl,
Right in the middle of her forehead,
When she was good, she was very very good,
But when she was bad she was HORRID.
Happy Trading Birch...
Long time TSPTALK member/lurker
Yes, I caught the royal wipe yesterday knocking -$165K off my base - but no matter. For the month of July I've given back -$343K which wipes out most of my gains for May and June. Ah, but it's still not as bad as May'12 when I gave back -$427K. I still ended up making +$741K for that year, so there is plenty of time left for further gains. And as a long term investor these occassions are actually small blessings that allow me to purchase into my income stream. I have 159 dividends to be reinvested in the next two months mostly I hope at these lower prices - remember income is sustainable. I even caught a 3/2 split on UGI for September. I count my dividend announcement blessings now at 109 ytd with many more to come around. So yesterday will pass into history and I'm still on the trail to wealth. As an investor one has to learn to be tolerant of others' mistakes. I do believe I'll buy some more flowers today.
Secret Squirrel needs some help, please........ considering what happened yesterday please advise if I should change all money into the G fund now? I don't know what all the job numbers mean yet. Thank you
I would not go into the G fund - just keep plugging away with the stock funds. This bull market has years to run yet. You are currently being punished because of others' emotions. This pause is actually refreshing and will allow you to accumulate more shares at golden prices. I bought into the storm yesterday and will probably do more buying today - so many wall flowers to collect.
Come to bulldaddy my little wall flowers, buying: CLF, MT, AA, RPM, BBG, SPN, AGCO, CBI. I'm saving a few dollars for next week just in case there are more golden prices. I do believe that August may cancel out July but I'm probably one of the few that think that - being a contrarian is how I make my money.
Thanks for the quick advice Birchtree. I really appreciate it. Now, if I only have money in TSP, and not in the outside stock market, the way for me to accumulate more shares is by moving more money out of the G funds, correct? If so, which funds do you suggest for me to put more into?
Thank you.
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