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Thread: PessOptimist's Account Talk

  1. #265

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    Default Re: PessOptimist's Account Talk

    Whew, can you believe that consumer sentiment climbs to the highest level in over seven year - now that makes a statement if you can find the hidden agendas.

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  3. #266

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    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by PessOptimist View Post
    Wouldn't it have been great to go to G COB on the 18th and back to status quo COB on the 25th? Of course like many I would still be in G wondering when to put some back to stocks. Maybe some day I will find that magic solution for a quick % of profit preservation. Assuming the market goes back up. Which I am in the long term.

    News from around the country is astounding and somewhat depressing. Not convinced that some things called criminal acts are not terrorism of some kind no matter what motivated the person allegedly performing the act. Is getting transferred to Hawaii really that bad?

    On to more uplifting if mundane personal victories. I went to Chase Bank today to transfer an old IRA to my Credit Union. The person who looked up the account acted astounded that I was never contacted about other investment opportunities. Then she said they would not be able to transfer (roll over) the account to my credit union. So she cut me a cashier’s check and listed it as a distribution over 59 1/2. Whatever. I was pretty sure and since verified that if I put it in to another IRA within 60 days there is no penalty. I have since re-verified that. While the person at Chase was out "cutting" the check they sent a minion from investments in to try to get me to use one of their financial instruments. I declined. I drove to the Credit Union and deposited it in my IRA account. I am sure this will generate a form 1099 for the IRS but it's OK. CU said up to 10 business days for cashier’s check to clear. Whatever. I am so sick of banks. Supposedly the money will soon be immediately available to transfer elsewhere. It is earning a crappy 0.2% but better than the 0.0009% Chase was giving me for the last 12 years. My bad I admit.

    I searched out this thread
    How to get started outside TSP and read other threads in the Investment Portfolios forum.

    Lots of good info, some old. Suggestions included Scott Trade, Vanguard, USAA, Morningstar (an ETF?), Option House, T Rowe Price. One suggestion I liked was starting out with ETFs that are familiar like SPY, AGG, EFA. I also like the idea of dividend paying stocks and reinvesting the dividends in shares. But baby steps first.
    One question is if I get an oh sh*t moment and want to move it to safety, what would be my options?
    I visited ETF Talk for the first time and though not real active it seems familiar.

    I guess what I am looking to open somewhere is a self-directed brokerage account?

    PO
    You mean a self-directed IRA account, PO? depends. If you want to diversify outside of stocks and bonds into land, rentals etc, there are options outside of brokerages per se-if you google self-directed IRA topic.

    I don't have enough in outside accounts to justify doing that at this point, so I keep mine in a couple old direct-investment mutual fund family IRAs as well as roth and taxable accounts split between Scottrade and OptionsExpress. no, I haven't played with options yet. likely a long time before I will, if ever. the old direct investment mf family iras, haven't put anything new into them in long time, I just shift around between funds in each fund family periodically. One of them has 3 different money market accounts I can dive into if I feel the need. of course money market broke the buck awhile back-briefly. so I keep portion of funds at all times in shortterm bond fund as cash alternative.

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  5. #267

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    Default Re: PessOptimist's Account Talk

    Third Quarter TSP statements are indeed mailed as stated elsewhere. Instead of being filed mine is still sitting out which means the co-owner is thinking about circling the balance and putting a sticky note on it telling me who to give it to. Maybe not because the balance did increase. 8.56% was the PIP listed. If only she knew exactly what happened after August. Someone she has corresponded with has guaranteed 14%+ every year. Not sure what fees might be involved. Not saying I shouldn’t be doing better but am under instructions to never take any risk with co-owners 50%. That 50% gets adjusted to include a portion of anything I manage to increase my 50% by.

    Enough about that, we all have our own investment concerns.

    Quote Originally Posted by alevin View Post
    You mean a self-directed IRA account, PO? depends. If you want to diversify outside of stocks and bonds into land, rentals etc, there are options outside of brokerages per se-if you google self-directed IRA topic.

    I don't have enough in outside accounts to justify doing that at this point, so I keep mine in a couple old direct-investment mutual fund family IRAs as well as roth and taxable accounts split between Scottrade and OptionsExpress. no, I haven't played with options yet. likely a long time before I will, if ever. the old direct investment mf family iras, haven't put anything new into them in long time, I just shift around between funds in each fund family periodically. One of them has 3 different money market accounts I can dive into if I feel the need. of course money market broke the buck awhile back-briefly. so I keep portion of funds at all times in shortterm bond fund as cash alternative.
    That is part of the problem 11, (may I abbreviate your name?) I do not really know what I want to do or what to call it. I think self-directed IRA is what I mean. Something with funds (EFAs?) that are kind of like TSP funds which I kind of understand. Based on the rules and tax implications I am not sure ROTH is the way to go at 62yo. I am happy now that I managed to move $14k from an old money market paying .002% to an account paying 2.4%. I can do better I know but suppose I should look at all the taxes I will save having earned about $3.60 a year on this account.
    OK, I am being sarcastic. With all the other life things going on I doubt I would pay attention to new accounts. Maybe I should just find a 3%+ CD for it and be done with it for five years.
    Thanks for the reply.

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  7. #268

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    Default Re: PessOptimist's Account Talk

    11? methinks something got lost in translation. is that base2 code?

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  9. #269

    Default Re: PessOptimist's Account Talk

    I think PO is pronouncing "alevin" as "eleven." Thus the reference to abbreviating your name. Some of us here like play-on-words and don't realize that if we get too cryptic the meaning may not get across.
    Last edited by Cactus; 10-20-2014 at 07:29 AM. Reason: typo
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

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  11. #270

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    Default PessOptimist's Account Talk

    Nevermind


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  13. #271

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    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by Cactus View Post
    I think PO is pronouncing "alevin" as "eleven." Thus the reference to abbreviating your name. Some of us here like play-on-words and don't realize that if we get too cryptic the meaning may not get across.
    Got it, I love plays on words, but can be very visual as well, hence reading the abbreviation as 1-1, this time around, instead of focusing on the out-loud pronunciation of the number. good job, PO. welcome to abbreviate anytime, keeps me on my toes.

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  15. #272

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    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by burrocrat View Post
    ark update: ahh, it's that time of year when i like to look back on what all i am thankful for. i'm thankful for all the interesting and diverse things my tsptalk investment friends bring to the table, god bless you all, every one. a toast, clink.
    Prosit, cheers, and many others celebrating countries I have visited. Interesting and diverse it is, I do love the social family aspect of the MB but it is above all about investing.

    Quote Originally Posted by burrocrat View Post
    pessoptimist/squirrel, 6, 8.99%, m, cherry cheesecake (must be tempting to take some off the table)
    Cherry cheesecake? That may be illegal.
    Yes, very tempting. All the old clichés come to mind. It’s a marathon not a sprint. Yearly ror doesn’t matter lifetime does. Ad nauseum. If it is a marathon I believe I made it through the wall and now am just putting one foot in front of the other to make the finish. Doing just that could mean taking it all out of the market and having faith no one steals the G fund in the next twenty years. Status quo is more likely though there is the possibility of a correction, adjustment, dip, crash or many other bad words used here. The master plan is to make a total withdrawal of monthly payments at some point between 66 and 70 1/2 yo. I hate that it is called total but that is my understanding. I also believe I can change that monthly amount once a year. So total is actually partial but not really as partial is one time and total is not. FRTIB made it simple and wants you to buy an annuity from their favorite sponsor.

    Quote Originally Posted by burrocrat View Post
    crazy stuff this week:
    squirrel is killing it, better than the 8% any commercial investment advisor the so could find, and i bet she still don't appreciate it, probably thinks he just got lucky, which if she ain't careful and shut her yap sometimes he just might.
    I have been lucky. I would like to think that my buy and hold strategy is because I read this MB and don’t see long term doom and gloom for S&P500. That index makes me nervous enough and W4500 drives me nuts with the volatility. I call it “frozen by anxiety”.
    Lucky to me these days is waking up in the morning, convincing myself to get out of bed and not call in “sick”.
    I am somewhat unfair about SOs concerns and ego may come in to play. 50% of it is hers.
    I have been told I may be less than truthful about yearly gains. I do have some proof based on TSP balance less personal contributions. Yes, agency contributions may have saved my a$$ during some years. In particular questioning of gains is last year’s 15%. Include ‘02s -.55% and ‘08s -35% but the advisors have no data on their own performance for that ancient history.
    When pressed I made a statement “only an ******* who didn’t have the balls to be in stocks couldn’t have made money last year”. No response about that being passed on but evidence of TSP statements being looked at. Perhaps the wannabe advisors did less well?
    To those who did not make money in 2013, apologies for any perceived dissing but it is what it is.
    Perhaps I have been sharing too much here?

    Quote Originally Posted by burrocrat View Post
    happy holidays.
    What burro said.
    PO

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  17. #273

    Default Re: PessOptimist's Account Talk

    cherry cheesecake and cherry chapstick are similar but different. although both are legal, you may want to be careful taking either off the table. or on the table for that matter.

    100g

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  19. #274

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    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by PessOptimist View Post
    My point was not to panic yet and that many newer investors or newly aware investors need to learn it does not always go up like 2013.
    That's the mindset I need to keep as well with only having been investing for about a year and a half so far, and still close to 29 years left to go. I'm glad I'm learning the mistakes and the ropes of this all while I'm young and a lower account balance than most in order to avoid major losses that will impact me through my career.

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  21. #275

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    Default Re: PessOptimist's Account Talk

    Yikes! I logged in earlier this morning and looked at the charts at the bottom of the page as usual and thought “cool”. Then I looked again right after 1300EST and thought “OMG, we’re doomed”. Then I looked at the range of the chart. Someone figured out it was .25%. Someone else pushed a button somewhere to make that so? Goes to show you have to look at the big picture sometimes. I am a little nervous about letting it ride and may take some off the table in early January. If that’s not too late.

    My main reason for posting is to say “Merry Christmas” to all. I hope it is still OK to say that here without an asterisk as I expressed that sentiment to my manager when leaving work yesterday and was reminded not to say that phrase and say happy holidays instead. It never stops.

    Just in case Merry Christmas offends some reader, please acknowledge an early winter non religious event or not as you wish.

    PO

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  23. #276

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    Default Re: PessOptimist's Account Talk

    Merrrrry Christmas PO! and the same to everyone else here.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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