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Thread: sniper's Account Talk

  1. #757

    Join Date
    Jul 2012
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    Default Re: sniper's Account Talk

    My TSP account probably hit 100k with today's move. 1/10 to my goal, I have 20 years to make it happen

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  3. #758

    Join Date
    Sep 2007
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    Illinois :(
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    Default Re: sniper's Account Talk

    Nice work!

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  5. #759

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    Default Re: sniper's Account Talk

    Another low volume up day, so I don't see the trend changing at the moment. However, I believe we're at interesting levels right now, and wouldn't be surprised if the road got a little more shaky.

    IWM is touching the 200MA, and also at the previous November high.
    2019-02-20-IWM.png

    SPX is also near my 2800 target, and honestly I expected to see more volume and whipsaws around this point, but it's still in cruise control. Maybe soon, but I'm going to be a little more wary of potential reversal signs.
    2019-02-20-SPX.png

    Still leaning bullish as there hasn't been any price action / volume anomalies that stick out to me. Pretty much has been a boring low-volume melt up all year, but I don't mind that. Slow and steady wins the race!

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  7. #760

    Join Date
    Jul 2012
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    Default Re: sniper's Account Talk

    Took a break from trading in the last month or so, because I was house shopping. Finally bought a condo in Hawaii (gotta start somewhere, cost of living here is crazy high), and pretty stoked on it. Though the searching and then moving has been exhausting, so I haven't been looking at the market much, other than weeklies / long term outlook. Soon I'll get back to my trading routine again, maybe next month since I'll be out of country most of this month. It'll be nice to be on vacation after moving, finally get a chance to really relax

    Seems like I bought at a good time, the interest rate dropped right before I pulled the trigger

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  9. #761

    Join Date
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    Default Re: sniper's Account Talk

    Back from my trip to Sri Lanka. It's a beautiful country and possibly one of the best trips I've ever been on, up until ISIS punks started bombing churches. My gf got a little freaked out and we ended up coming home a little earlier than supposed to. Better safe than sorry, and a lot of the locals are upset there. Since the bombings there has been a shooting and a fight break out between a Muslim and Sinhalese group near the capital. Doesn't sound like a great place to be now. Disappointed that the great vacation ended sooner than I wanted it to, but glad to be back home safely. Despite the craziness, that country felt safer than anywhere else I've traveled to, and the people are some of the nicest people I've ever met. I'd like to go back someday.

    Just found out I was #5 on the tracker, 2nd time that's happened, and 2nd time it happened during a time I wasn't paying any attention to the market at that time (might have been on vacation then too lol). Hoping to collect those coffee mugs like trophies before retirement

    Also I guess I'm officially 'middle age', I hit 40 at the end of last month. A comedian said it best, if you can double your age and die at that age without it being a disaster, you're officially middle aged. Yup, sounds about right.

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  11. #762

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
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    12,151

    Default Re: sniper's Account Talk

    Welcome back safe and sound. Middle age is 50 when you qualify for AARP.
    May the force be with us.

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  13. #763

    Default Re: sniper's Account Talk

    Anyone over the age of 18 can be an AARP member. You just don’t qualify for any of their medical related benefits until you are older.

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  15. #764

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    Default Re: sniper's Account Talk

    Quote Originally Posted by nasa1974 View Post
    Welcome back safe and sound. Middle age is 50 when you qualify for AARP.
    Thanks Idk 40 does seem the right age for middle age. Too young to be called old, but too old to be young

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  17. #765

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    76,396

    Default Re: sniper's Account Talk

    Quote Originally Posted by sniper View Post
    Thanks Idk 40 does seem the right age for middle age. Too young to be called old, but too old to be young
    If we could, I'd trade ages with you!




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  19. #766

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    Default Re: sniper's Account Talk

    Crazy 2020 year! I had a lot going on in my life, so I decided (after reading a few books especially) to go the BirchTree route and buy and hold (yeah I know, everything against what this site says haha). I stayed in the C fund throughout the crash and kept my allocations there to collect some wallflowers at golden prices, and through that bumpy ride my account has done well! I figured since I'm still 16 years away from retirement eligibility, I have way too much time left to play anything conservative.

    Hypothetical question though, if you're say, 50 years old with a net worth of 2 million+, would you retire or keep working until retirement age? I always have wrestled with the idea of the scenario if you made that FU-money, to quit the actual job and possibly work in something that you always wanted to do, even if it's lower pay, or maybe doesn't even pay if you're able to live off your nest egg + passive income.

    Just curious on what you guys would do. Well I'm not in that position now, but it's good to dream

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  21. #767

    Default Re: sniper's Account Talk

    Quote Originally Posted by sniper View Post
    Crazy 2020 year! I had a lot going on in my life, so I decided (after reading a few books especially) to go the BirchTree route and buy and hold (yeah I know, everything against what this site says haha). I stayed in the C fund throughout the crash and kept my allocations there to collect some wallflowers at golden prices, and through that bumpy ride my account has done well! I figured since I'm still 16 years away from retirement eligibility, I have way too much time left to play anything conservative.

    Hypothetical question though, if you're say, 50 years old with a net worth of 2 million+, would you retire or keep working until retirement age? I always have wrestled with the idea of the scenario if you made that FU-money, to quit the actual job and possibly work in something that you always wanted to do, even if it's lower pay, or maybe doesn't even pay if you're able to live off your nest egg + passive income.

    Just curious on what you guys would do. Well I'm not in that position now, but it's good to dream
    I'd retire now and I'm over a decade under that.
    Assuming house and any other debt (I don't have any but if I did) was paid off, I would be comfortable with it.
    Taking 2% would give me $40,000/year and, without a mortgage or other bill, could comfortably live on that. And that's a conservative withdrawal. I mean, the thing you want to do is make sure you're beating inflation, every percent is another $20,000. I'd probably be comfortable getting up to 4% by the time I was in my 50s so think of all the growth within those 15+ years.

    10-12% average per year gets me another million in that time even as I'm pulling money out.

    And that's assuming I don't start a business to keep me occupied bringing in some extra money. What do you call FU money when you're your own boss???

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  23. #768

    Join Date
    Mar 2020
    Location
    Cape Cod
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    352

    Default Re: sniper's Account Talk

    I look at it like this: if I have enough money to not work when I am in my 50s, I am in much better health to enjoy the fact that I am not working. I look at my mom and my dad (before he passed) and it is clear that while they are retired, their health limits much of what they can do to enjoy retirement. Had my dad retired younger, when his health was better, I think they would have enjoyed retirement more. So if I can bank enough to retire early, I will. It is clear that an aggressive strategy is about the only way for me to get there, so I am all in while the market is bullish. Even if it crashes, that just means I don't retire early and I am back to plan A, work until 63+ and retire at the "normal" time. Time is your friend in the market but not in your health. So if you can comfortably do what you want at an earlier age, grab the brass ring and get off the merry-go-round and explore the park. Just my thoughts.

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