Thread: DreamboatAnnie's Account Talk

Originally Posted by Whipsaw

I like the way you're thinking, though I may take a little more of a wait and see approach... Any insight on the 20% drop of late in China and how that may impact?

Hi Whipsaw! I'm not sure about China. Sometime back, BT listed countries that the I fund is invested in. As I recall, the I fund was not invested in China. But it did include Japan, Singapore and Hong Kong. So based on that, I would think the stock drop in China would not affect the I fund. However, with everything becoming so global, I should think China would effect our large global corporate US based stocks (like C fund) if their economy is effected and they start to buy less. Just the thought of that could have an immedate effect on our market prices.

In any case, i read this article and it explains quite a lot about China. Best wishes to you and everyone on investments!!!!!

China

Link to I fund details and list of countries: (Greece not included)
https://www.tsp.gov/PDF/formspubs/IFund.pdf

Not sure why but each time I try to post, I get thrown out and need to resign in.. I decided to get feet wet. Moved into S fund 40% and C fund 20%. NO to the I fund at this time.... still think it has more downside. Back on Friday, I wanted to enter the S and C fund based on the indicators. So hope that it gets back on track soon. If not, I guess I will be crying in my coffee or beer ! Will see.... Best wishes to everyone on their investments!!!!!!!!

Well let's see. Does it go up or down today. I am kinda tired of looking at this market every day. Think I need to work on a much longer term strategy. I think its very high risk to be in market right now, but indicators were ripe for entry back on Friday. Every time I go against it, I lose.... but then again the indicators do not predict and certainly cannot take into account what is happening in the World.

So here is what my crystal ball is telling me---Greek people will vote for austerity, but PM will NOT bend to their wishes. Some how it just seems like something else is going on behind the scenes with Greece -- China or Russia coming to the rescue. That would cause one heck of a drop as would a terrorist attack this weekend. I am thinking about exiting today, but I will likely stay in with hope that whatever happens will be short lived---but I am setting a bottom/exit point. I can only stand to lose so much. Right now I am doing okay for the year.

I would hope that a Greek exit, if it happens, would have only a temporary affect on market.... then again.... someone is going to eat the costs of Greece not paying and that would be Europe. So I can see the I fund dropping even more if that happens. I should think the European investors would be working very hard to make sure that does not happen... but you can only squeeze so much blood out of a turnip, and the Greek PM does not seem to be interested in paying the money back at this point.

Will be watching markets closely each day. Hope this does not spiral down out of control. Burro would probably love to see that happen because he likes excitement or pain or something crazy like that!! But then again he is out right now so no skin in the game.

Well it would present a possible buy opportunity for the I fund, but I would be cautious on that as well.... no telling how long it takes to rebound. So a buy into I fund mid-next week is a risky possibility. Does anyone have any thoughts they want to share on that? I wonder about that.

Best wishes to everyone on your investments!!!!!!

Then again maybe PM will go with it... latest article I just read.
Markets bounce on leaked Athens bailout memo

Sunday's referendum should clarify the picture.

Some relevant(?) stories:

Greek government 'may resign' if it loses referendum

Greek government 'may resign' if it loses referendum - Yahoo News

Opinion: ‘Spectacular rallies’ await investors who buy Greece now

‘Spectacular rallies’ await investors who buy Greece now - MarketWatch

I think the Greek people will see accepting austerity measures as a way to get the banks back open and the 'referendum' itself is a political maneuver by Tsipras to cover his butt.

Happy Independence Day! love Carrie Underwood's version.

The I fund is getting more attractive. But still wonder iT might come down more tomorrow. Meeting tomorrow by European creditor .. Might not be good for Greece. But it an go either way...still debating! Bestwishes to all on investments!!!!!

Originally Posted by DreamboatAnnie

The I fund is getting more attractive. But still wonder iT might come down more tomorrow. Meeting tomorrow by European creditor .. Might not be good for Greece. But it an go either way...still debating! Bestwishes to all on investments!!!!!

I stayed out of I fund. Will see how tomorrow goes with US stocks. I jumped in last Tuesday at very low prices and with last couple down days I am down about1/10th of 1 percent. Still okay. But with China looming and Greek issue unresolved, not sure
i want to stay in much longer. Will see.... Best wishs to all!!

Originally Posted by DreamboatAnnie

I stayed out of I fund. Will see how tomorrow goes with US stocks. I jumped in last Tuesday at very low prices and with last couple down days I am down about1/10th of 1 percent. Still okay. But with China looming and Greek issue unresolved, not sure
i want to stay in much longer. Will see.... Best wishs to all!!

Probably wise. Have you seen this?

Chinese stock market chaos could be worse than Greek debt crisis

Originally Posted by Old_School

Probably wise. Have you seen this?

Chinese stock market chaos could be worse than Greek debt crisis

Thanks for the article!! I read it yesterday morning and debated exiting my 60% investment in US stocks (40%S/20%C) but got busy at work and only had minutes to get out. Ugghh....decided to just let it ride. Definitely agree China is the giant that can sink the boat.

So... is the perfect storm (Grexit, China, and "computer glitches" ) that will be the catalyst for global meltdown. Is this just the start?????

I'm now right at my stop point. Will debate exit tomorrow. Just don't like thought of jumping out at a bottom. Would still have another IFT to get back in this later month ....but things really not looking good. Will see how tomorrow goes.

Best wishes to everyone on investments!!!!!!!


More on Greece...

Greece submits aid request; still to send full plan

Just FYI:

(btw, Martetwatch, under 'HOT TOPICS' has 'Greece in Crisis' and 'China for investors',
hmmm....wonder if China owns Marketwatch?

"Morgan Stanley, which made a good “sell” call on China weeks ago, now expects Shanghai to fall as low as 3,250 by mid-2016. Citigroup analysts told clients the selloff has a “long way to go.”

I agree, but I think it could go much, much lower."

Opinion: China’s stock-market crash is just beginning

China

Originally Posted by DreamboatAnnie

Thanks for the article!! I read it yesterday morning and debated exiting my 60% investment in US stocks (40%S/20%C) but got busy at work and only had minutes to get out. Ugghh....decided to just let it ride. Definitely agree China is the giant that can sink the boat.

So... is the perfect storm (Grexit, China, and "computer glitches" ) that will be the catalyst for global meltdown. Is this just the start?????

I'm now right at my stop point. Will debate exit tomorrow. Just don't like thought of jumping out at a bottom. Would still have another IFT to get back in this later month ....but things really not looking good. Will see how tomorrow goes.

Best wishes to everyone on investments!!!!!!!


More on Greece...

Greece submits aid request; still to send full plan

Okay... so I am staying in for now. I am absolutely deranged and determined to hit the absolute bottom before I exit.... come one Grexit and China--- give it your ALL!! Come to mama!!! lol