Thread: Skorcher's Account Talk

Welcome Skorcher and best of luck!
Norman

How Much To Contribute to Your 401k?
http://finance.yahoo.com/news/much-c...142628535.html

Basic info for newbies.

Will there be resistance at 5000 for the NASDAQ?
http://finance.yahoo.com/news/don-t-...155105950.html

NASDAQ finally cracks 5000 and the W4500 1100. A breakout day for the S fund.

Stay Away in May (plus the last week in April) is holding up this year. I am looking for the 10% to 20% overdue correction that is needed for a healthy stock market.

TSP.gov at https://www.tsp.gov/keepingscore/ says that your TSP account is protected from creditors whereas your self directed IRA is not. This is one of their ploys to keep new retirees in the system. In 2005 the Supreme Court ruled that IRAs should have the same protection from creditors as 401k accounts and pensions. Before that ruling certain states did allow creditors to go after IRA's. Government agencies like the IRS can go after your TSP or IRA, but only when you receive a distribution from those accounts.

2005 Supreme Court rulling is at https://www.trustetc.com/trustetc/me...nts/ruling.pdf

Went from #480 on the Tracker yesterday to #149 today. These are very risky times indeed.

Yeah, I like moving up in the auto tracker, but not so much when it's due to a major lose of others, prefer it to be because I made a good move to add more than most.... Risky times for sure, but as of tomorrow I'll have some moves available to try and buy at/near bottom to catch the bounce.

Well, I went 100% C COB yesterday, hoping to catch a short term gain. Instead it drops as soon as I buy. GDP numbers are good and stocks head south. Go figure.

Originally Posted by Skorcher

Well, I went 100% C COB yesterday, hoping to catch a short term gain. Instead it drops as soon as I buy. GDP numbers are good and stocks head south. Go figure.

Stocks seem to can't make there mind up today on what to do, maybe the afternoon will bring good things.

200 DMA holding up for SPY - that's a good sign. Also the AT leaders are getting back in the market. Time for a come back.