Thread: clester's Account Talk

Things got real interesting this week. I agree that it's not "run for cover" yet. Worth watching closely, tho.

I believe this is the third time my tsp balance has gotten this high and then 1-2 % profit is taken! I have to get prudent here as I am probably going to withdraw half my balance to purchase 4 small houses for rental income. Is anyone familiar with tspkey.com services?

No, I'm not, but good luck. I think that's a good investment choice, especially since the real estate market now has great upside potential and little downside, in addition to the rental income.

Originally Posted by bjean

I believe this is the third time my tsp balance has gotten this high and then 1-2 % profit is taken! I have to get prudent here as I am probably going to withdraw half my balance to purchase 4 small houses for rental income. Is anyone familiar with tspkey.com services?

I don't know anyone who uses TSPKEY, but I am aware they offer a service. They are one of many available outside of our Premiums available on this site. There are others, you can do a search to see them.

Rental Property is a good idea if you can get ones at the right price with a good market for tenants $$$$. My parents have a few. My mother says it is a full time job managing them and doing fix-ups and repairs.

Put a few bucks away each month in a slush account for unforeseen repairs. You can write them off, but you still have to pay for them before you write them off.

We need a bounce from here or I will need to exit. I can never figure out how news events play out in the market. We had a bad ADP report and a fed person saying they could stop QE and north Korea saber rattling. If traders are worried the fed may stop easing the bad adp and today's unemployment report should stop any worrying. QE is going to continue forever it seems. So, that should be good for the market..right? I guess if things are too bad then it's bad but just a little bad is good.

Anyway, that's why I don't figure news events into my system. We are at the 50dma on the s fund and that is usually good support. If it breaks I'll get out. It's do or die for me today. I also have class this morning so any decision will take place by 11.

Originally Posted by clester

We need a bounce from here or I will need to exit. I can never figure out how news events play out in the market. We had a bad ADP report and a fed person saying they could stop QE and north Korea saber rattling. If traders are worried the fed may stop easing the bad adp and today's unemployment report should stop any worrying. QE is going to continue forever it seems. So, that should be good for the market..right? I guess if things are too bad then it's bad but just a little bad is good.

Anyway, that's why I don't figure news events into my system. We are at the 50dma on the s fund and that is usually good support. If it breaks I'll get out. It's do or die for me today. I also have class this morning so any decision will take place by 11.

Thank goodness we got our bounce today. The markets seemed much more normal today as small caps outperformed again.

Originally Posted by clester

Thank goodness we got our bounce today. The markets seemed much more normal today as small caps outperformed again.

Based on futures we just had a "dead cat bounce" so I am on watch again for an exit. I would think dip buyers would come in but they haven't yet. I have an IFT to burn so if I get out I would expect to get back in soon. We'll see. Maybe the jobs report will help but I doubt it. Profit taking seems to be in control for now.

You know how futures can be. Maybe the rumor being sold will be followed by the news being bought.

Originally Posted by Sensei

You know how futures can be. Maybe the rumor being sold will be followed by the news being bought.

Yep. It could easily turn around. I expected more bounce and maybe we'll get it. Dip buyers may come in. Or is it a repeat of last April? I remember getting nervous back in november and the bears were out. We sold off pretty good. But when it was not expected it started rallying again. It seems pretty bearish out there to me. Very few bulls saying buy the dip. So, maybe that means we will get our bounce. Just watchIng it closely.

Originally Posted by clester

Yep. It could easily turn around. I expected more bounce and maybe we'll get it. Dip buyers may come in. Or is it a repeat of last April? I remember getting nervous back in november and the bears were out. We sold off pretty good. But when it was not expected it started rallying again. It seems pretty bearish out there to me. Very few bulls saying buy the dip. So, maybe that means we will get our bounce. Just watchIng it closely.

Today is shaping up to be very interesting. How the market reacts...big dip to buy, if you were inclined to buy. Or will it be one of those down all day days and a beginning of the "spring swoon" as they're calling it.

Originally Posted by clester

Today is shaping up to be very interesting. How the market reacts...big dip to buy, if you were inclined to buy. Or will it be one of those down all day days and a beginning of the "spring swoon" as they're calling it.

Just in case anyone cares, a s&p move over 20 points is an automatic sell in my system. Looks like it will kick in today