Thread: BigJohn's Account Talk

I don't see any reason 1340 can't be reached (and in my opinion surpassed) this year. I think so much of the market is manipulated, news is so scripted, that what will happen is not necessarily what should happen in terms of market direction. My overall sense for the last 6 months is that the European situation is overblown and the housing bubble is working itself out, albeit slowly. I have been in the I fund for months believing that the I fund will start to recover before the US markets. I sure have been wrong before but take solace in the fact that I am a long term investor and know that eventually the levels I bought in at will be surpassed.

BJ

I know you won't move your money until you get back what you lost. However, I and probably others would love to hear WWBJD(What Would Big John Do) if he made some IFTs

JP,

I have been firmly rooted on my keister, and haven't paid much attention to my totals for the last month or so. If it wasn't for a knucklehead I work with who came into my office and congratulated me for being #138 on the tracker...I wouldn't have even looked.

So what would I do??? I would go back to my old strategy of buying in on mornings that see a big drop pre-deadline and then riding it up. The "riding it up" part may take a while, as is the case with me being married to the I fund for a heck of a lot longer than I had planned. But that buy in strategy has always worked well enough for me.

I think so!!

For those who find my "locking in a loss" ideology scandalous...please stop reading.

So, checked the share prices and my buy-in date and am cautiously optimistic that I will have an opportunity (should I choose to take it) in the not too distant future to get out of the market with my 1% gain from buy-in to drop-out dates. Bought in on August 1 when the I fund was at $20.52...closed yesterday at $19.34. I am still over a dollar a share away from breaking even, but it is a heck of a lot closer than at some points over the last few months. When the I fund gets around $20.70 I may pull the trigger...we'll see. I still think the general trend across the markets is up, and I cannot shake the feeling that the I fund has the most room to grow. We'll see if I am right soon.

Best of luck!

Originally Posted by BigJohn

JP,

I have been firmly rooted on my keister, and haven't paid much attention to my totals for the last month or so. If it wasn't for a knucklehead I work with who came into my office and congratulated me for being #138 on the tracker...I wouldn't have even looked.

So what would I do??? I would go back to my old strategy of buying in on mornings that see a big drop pre-deadline and then riding it up. The "riding it up" part may take a while, as is the case with me being married to the I fund for a heck of a lot longer than I had planned. But that buy in strategy has always worked well enough for me.

Originally Posted by BigJohn

We'll see if I am right soon.

JTH,

Well said...and 100% accurate.