Thread: MrJohnRoss' Account Talk

Originally Posted by MaStA

Thank you for the input all!

Not a problem...

Also, just to scare the hell out of you...

The S&P500 dumped by over 9% on October 14, 2008. Yowser... BT rode it down, but has been made much more than whole. Especially considering his DCA activity. The close on 2008/10/14 was just 908. Yowser. But, we are up 41% since then.

Conversely, the market grew by 23% in the three weeks after March 9, 2008. Miss all of that and you are back to grinding on Alpo in your Golden Retriever Days.

Since I have proven myself to be a crappy market timer I always have something in the market. Right now, if we rebound I'll chomp on 40% of that boom - and maybe have enough time to get back in to a greater extent.

Happy hunting. These are the times where money is made...

I'm sure you mean March 9, 2009 - the gain from that bottom was over 100% in a years time.

Originally Posted by MaStA

I'm in charge of it, but I suck at making the right moves. A lot of people I talk to in the military just say to leave it alone and not mess with it. Can you make more money when not doing buy and hold? Of course, but only if you make the correct moves. I suck at this stuff lol...

and I don't believe any system/technical analysis can predict job numbers, etc. so stuff like that you have to just go with what you think will happen and either get out or stay in I guess. There is too much that affects the market to keep an eye on...

You're right, there is no system that can predict job numbers, etc. But there are trend following systems that do very well when there are strong uptrends (to keep you in the market), and strong downtrends (to get you out of the market). Find one you like and trust, and paper trade it for a while. If it does well, then allocate a portion of your money to it. You don't have to go all or none.

Good luck!

Opinion:

I miss being able to see the first sentence or two of what people are writing on each other's posts in the "Activity Stream" in the main Forum section. Now it only states that someone replied to a thread on someone's Account Talk.

Boo.

I like the old way better. If the conversation looked interesting, you could click on the link if you wanted to read more. Now, you don't have any idea what's being said until you click on every link.

I don't have time for that.

My vote is to bring the old way back.

Originally Posted by MrJohnRoss

.....My vote is to bring the old way back.

I second the motion...

Originally Posted by OBGibby

I second the motion...

I will third the motion...

Originally Posted by crommie

I will third the motion...

The ayes have it. Unless there are any nayes, the motion is carried. (Hahaha!)

Now we just gotta get the boss to agree. :toung:

Gary Shilling Explains Why the S&P 500 Will Fall to 800 This Year / Business Insider

... and his outlook for housing is just as dismal.

Fasten your seatbelts.

John,

Altria Group (MO) seems to be a good buy, but I'm struggling with my inner being to purchase shares of a company that produces something that I HATE. My uncle passed away recently from lung cancer and my mom still smokes. I just find it hard to invest in something like that...but I think I've heard people say don't let your emotions mix with your trading decisions so maybe I need to think of it as a business move. What do you think...?

BTW, my $5,000 is finally in my Roth IRA for this year so I'm itching to invest more lol. Some recommendations I read about on CNBC were MO, VOLC, T, and MCD. I already have some MCD, but I may get more one of these days.

Originally Posted by MaStA

John,

Altria Group (MO) seems to be a good buy, but I'm struggling with my inner being to purchase shares of a company that produces something that I HATE. My uncle passed away recently from lung cancer and my mom still smokes. I just find it hard to invest in something like that...but I think I've heard people say don't let your emotions mix with your trading decisions so maybe I need to think of it as a business move. What do you think...?

BTW, my $5,000 is finally in my Roth IRA for this year so I'm itching to invest more lol. Some recommendations I read about on CNBC were MO, VOLC, T, and MCD. I already have some MCD, but I may get more one of these days.

Since you asked for my opinion...

Your objective with your investments should be to make you lots of money. Period. I hate smoking too, but that's not the point. You're not buying the cigarettes, you're just a smart investor who realizes that MO is making money hand over fist selling their widgets, which just happen to be cancer sticks. It's a business that will thrive in any economic environment, even if the world goes to hell in a hand basket. Pretty much recession proof, in my opinion.

It's a great business, and one that you'd be wise to put into your portfolio. Mighty MO has just been on too much of a tear lately. Waiting to see some price weakness before you snap up some shares might be a good idea.

Good luck!

MaStA & MrJohnRoss,

I don't smoke, and don't condone smoking, but I'm not one to outright condemn it either. I'm sure it's not healthful, and can be annoying to some, but I think it gets a little over-demonized. People smoke like crazy in Japan and S. Korea, yet those are places where people tend to have the longest lifespans. The combination of overconsumption of fast food and potato chips, with sitting around on your azz and smoking cigarettes for 20-30 years is what does you in. In that respect, owning stock in Altria is no worse in my opinion than owning McDonald's or Frito-Lay (do they have stock?). I do DCA steadily into MO as one of my best performing dividend stocks. Just one man's perspective.