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Thread: coolhand's Account Talk

  1. #6253

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    Default Re: coolhand's Account Talk

    Re: Your comment about CBOE P/C, what exactly is "bearish (bullish)"?

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  3. #6254

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by evilanne View Post
    Re: Your comment about CBOE P/C, what exactly is "bearish (bullish)"?
    The CBOE P/C is the options dumb money. When they are bearish, it should be viewed as bullish and vice versa.

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  5. #6255

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    Default Re: coolhand's Account Talk

    Thank you for the explanation


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  7. #6256

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    Default Re: coolhand's Account Talk

    So, I am inclined to sell today...that's the dumb money.. so I'm holding..

    Sent from my SAMSUNG-SM-N910A using Tapatalk
    100% G fund COB 12/22/2023 Was 80%G 20%C

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  9. #6257

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by kb9nvh View Post
    So, I am inclined to sell today...that's the dumb money.. so I'm holding..

    Sent from my SAMSUNG-SM-N910A using Tapatalk
    The problem is that no one indicator can predict market direction consistently. We are oversold, however, and other indicators do support a rally, so a bullish CBOE P/C does help the bull case.

    I bought some TZA this morning to hedge my TNA position. My biggest concern remains the toxic political environment.

    Today is OPEX. That makes it a crap shoot today of sorts. Any rally may not come till next week.

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  11. #6258

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    The problem is that no one indicator can predict market direction consistently. We are oversold, however, and other indicators do support a rally, so a bullish CBOE P/C does help the bull case.

    I bought some TZA this morning to hedge my TNA position. My biggest concern remains the toxic political environment.

    Today is OPEX. That makes it a crap shoot today of sorts. Any rally may not come till next week.
    Wow, you're overall comments and analyses the last week till now seem pretty good. As always thanks for sharing! ... BTW I appreciated your little side comment a couple days age about "turning 59 and moving your TSP to other Retirement Fund"... Congrats on your past Bday; and I'll be 59 in a year and thinking same thing. Did you move your funds to Self-Managed IRA or to a Managed Fund? Did you do Roth conversion, or perhaps saving that to later when your taxes may be lower? THX again!

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  13. #6259

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by FAAM View Post
    Wow, you're overall comments and analyses the last week till now seem pretty good. As always thanks for sharing! ... BTW I appreciated your little side comment a couple days age about "turning 59 and moving your TSP to other Retirement Fund"... Congrats on your past Bday; and I'll be 59 in a year and thinking same thing. Did you move your funds to Self-Managed IRA or to a Managed Fund? Did you do Roth conversion, or perhaps saving that to later when your taxes may be lower? THX again!
    We are in somewhat uncharted waters right now. The indicators are all we have to go on, but politics and banking interests can wreak havoc if they get properly aligned to do so.

    I moved my funds to a self-directed IRA. I will not convert to a ROTH. I see no advantage there. The tax structure may change significantly depending on how the political winds blow. Yeah, it's really all about politics these days. Sad, really.

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  15. #6260

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    Thumbs up Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    We are in somewhat uncharted waters right now. The indicators are all we have to go on, but politics and banking interests can wreak havoc if they get properly aligned to do so.

    I moved my funds to a self-directed IRA. I will not convert to a ROTH. I see no advantage there. The tax structure may change significantly depending on how the political winds blow. Yeah, it's really all about politics these days. Sad, really.
    Thanks for your reply. Curious what (and maybe a comment on "why them") self-directed IRA fund you chose? ... Just for my consideration if you care to share, as I'll be looking for one, haven't check-contrasted them recently, don't have experience with them (just invest some via "Robinhood" and not doing great in that since yesterday)... I have a low-fee "family plan" Directed (with input) IRA option that has done very well for some family members and I'd think about splitting mine between that and the Self-Directed IRA. Thx again!

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  17. #6261

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by FAAM View Post
    Thanks for your reply. Curious what (and maybe a comment on "why them") self-directed IRA fund you chose? ... Just for my consideration if you care to share, as I'll be looking for one, haven't check-contrasted them recently, don't have experience with them (just invest some via "Robinhood" and not doing great in that since yesterday)... I have a low-fee "family plan" Directed (with input) IRA option that has done very well for some family members and I'd think about splitting mine between that and the Self-Directed IRA. Thx again!
    My self-directed IRA is simply one of my Scottrade accounts. I generally trade 3X funds such as TNA, TZA, SPXL, etc. I don't trade much except when I get good set-ups with risk decidedly in my favor.

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  19. #6262

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    Default Re: coolhand's Account Talk

    Coolhand, would it not be beneficial to convert to a Roth before you turn 70 1/2 to avoid Minimum Required Distribution? Depending on your balance of course. I am retiring at the end of the month and am in the process of setting up my account to slowly transfer the traditional IRA into a Roth so I can control my tax liability. Am I missing something. Thanks

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  21. #6263

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by rspring View Post
    Coolhand, would it not be beneficial to convert to a Roth before you turn 70 1/2 to avoid Minimum Required Distribution? Depending on your balance of course. I am retiring at the end of the month and am in the process of setting up my account to slowly transfer the traditional IRA into a Roth so I can control my tax liability. Am I missing something. Thanks
    When it comes to money and taxes, everyone's situation is different. There are a lot of variables and laws change every year. I was a tax consultant more than 15 years ago and I remember that every year the government would make more than 1,000 tax code changes. I am only going to be 60 at the end of the year and plan to sit down with my CPA in the next few months to map out the next 10 years financial strategy. There are just too many moving parts in an ever changing tax environment and we may need to make adjustments as necessary. Professional help is something most folks should seek out even if you're pretty savvy when it comes to all things financial.

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  23. #6264

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by rspring View Post
    Coolhand, would it not be beneficial to convert to a Roth before you turn 70 1/2 to avoid Minimum Required Distribution? Depending on your balance of course. I am retiring at the end of the month and am in the process of setting up my account to slowly transfer the traditional IRA into a Roth so I can control my tax liability. Am I missing something. Thanks
    If you transfer ALL of your Traditional funds (TSP, IRA, whatever) to a Roth before you are 70.5, there would be nothing to have an RMD on. However, as you transfer the funds, you will be taxed as ordinary income. So I am not sure how you are controlling your tax liability.

    It is true that GOING FORWARD you will be controlling your tax liability on whatever your Roth starts earning. Not sure if that is what you had in mind.

    But I had a related question. What if you took your RMD and instead of just taking the $$, you rolled it over to a Roth? The Gov't gets their taxes, and you would get to enjoy future earnings tax free. I have a feeling that is not allowed, but I haven't seen it specifically ruled out anywhere.

    I am NOT a tax consultant (but I sure have paid a lot of taxes in my 63 yrs!!), So maybe Coolhand, you know more about that(?).
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!


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