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Thread: Boghies Account Talk

  1. #25

    Join Date
    Mar 2006
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    Raleigh, NC
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    3,149

    Default Yup, that's my 'glamour' photo...

    Yup, that's my new 'glamour' photo being used as an avatar.

    The picture didn't cost much at my local Sears. For some reason the staff and customers kept running off and laughing. I couldn’t figure out what was so funny. It took a loooonnnnnnnngggggggggg time to finally get the shot. Very poor customer service

    But now I have a photo that I can send with my next ‘Soldiers Angels’ letter

    That should liven up the troops.

    Anyone have any ideas on touching up more of the rough edges?

  2.  
  3. #26

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    Mar 2006
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    Default 20070919: Allocation Change

    Original:
    • G: 50%
    • C: 30%
    • S: 10%
    • I: 10%


    New:
    • G: 30%
    • C: 40%
    • S: 15%
    • I: 15%


    Not a big move, but one promised in an earlier post. Waited for FedHead to act, sat around for big run-up, and now moving a little more holdings to stock on what should be a little downturn...

    Still wary about September...

    Have no feeling one way or another about October...

    And, obviously very concerned about the actions of Congress in January...

  4.  
  5. #27

    Join Date
    Mar 2006
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    Default You are in that Top 5% - you are rich!!!

    So you have retired...

    You have your;
    • Pension,
    • Your Social Security,
    • And a rather large TSP bucket!!!


    What a joy!

    The Golden Years!

    So, you want to take a chunk of your TSP and buy a condo in Aruba or somewhere. You want no payments.

    You don't need no stinking payments!

    So, you yank the $200,000 out of TSP and buy that condo in cold hard cash. Sipping Mai Tais on the beach from October through April...

    Then, comes the ‘Day of Atonement’. April 15th. But, you are a good retiree and send all the tax stuff to H&R Block in Houston and let them deal with it - in March.

    On April 13th H&R Block calls and leaves a message on your cell phone. Your taxes are done and you owe $30,000 in additional taxes. Oh my… You are rich. You are in that top 5% of Americans who must pay their fair share. And, this is with BusHitler’s evil tax cut. What about next year!!!

    Just pay, baby – just pay…

    That $200,000 put you in the top tax bracket – and, likely in the Alternative Minimum Tax. You are now paying a flat tax. All your deductions simply went away. You don’t even get your new mortgage deduction. And - yuk, yuk - the $30K you are pulling out of TSP on April 13th will be income for this year. You really need to pull out about $45K to break even!!!

    Your TSP withdraws are Ordinary Income. They are not taxed as capital gains or dividends. That is why the Roth IRA is so powerful. Had you invested in one of those you pay no tax – it had already been paid.


    By the way, that is why I don’t think Social Security is going to go broke…
    A sacrilegious statement…

    Here is why: Boomers who started investing in IRAs and 401(k)s are going to be paying income tax at the age of 80. And, since the tax code changes of 1993, they will be paying tax on Social Security income as well – forever. Neither of these was true for current retirees.

    Enjoy…


  6.  
  7. #28

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    65,060

    Default Re: Boghies Account Talk

    Wize words Boghie, very wize.
    Take a little out every month and it won't hurt so bad.
    Transfer to a ROTH a little at a time, but you still end up paying. They got ya and you know where!
    05/09/2021
    LS CRUDE Oil
    =$59.32 a Barrel, Daily Status -$.28

  8.  
  9. #29

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
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    Default Random Thoughts on balancing for November/December

    I am an ignorant lout

    Do not seek advice from me

    But, unless I get very cold feet, I am going to move more of my G Fund holdings into the S and I funds. Maybe a:

    • G: 20%
    • C: 40%
    • S: 20%
    • I: 20%

    I think oil prices, Turkey, and the turkeys in Congress will keep stock prices a bit depressed. Things are on a slow draw down, but why!!! Just rumors of more rumors.

    October is a lousy time to move money into the market.

    This year is probably no different.

    I will still have 20% of my holdings making an amazing 1/2 of 1% per month growth in the G Fund. If the knife falls than I will use that at the ‘bottom’ for dollar cost averaging.

    November is a great time to be in the market.

    Even better than November is December.

    I will be fully invested by 11/1.

    I want to be in there

  10.  
  11. #30

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    Mar 2006
    Location
    Raleigh, NC
    Posts
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    Default Reallocated a bit on market downturn...

    As can be viewed on the 'Automated Tracking Software', I did rebalance my TSP account to:

    • G: 20%
    • C: 40%
    • S: 20%
    • I: 20%


    I completely forgot about my 'promise', but noticed on Drudge that the market was having a very bad day. I noticed it at about 0850 PST and had forgotten my Tracking password - ugggghhhhhh...

    But, this great site emailed my home account the password lickity split!!!

    I got the trade in!!!

    I am planning on rebalancing to stock on dips.

    My goal is to be completely in the market by November.

    I know it is not safe to catch a falling knife - but, we are not talking about individual stocks. We are taling about the 500 companies in the S&P, the 4500 companies in the Wilshire, and a bunch of international companies. And, I still have 1/5th of my holdings in 'cash'. That should soften a deep crash somewhat.

  12.  
  13. #31

    Join Date
    Apr 2005
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    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: Boghies Account Talk

    Now I like your style.

  14.  
  15. #32

    Join Date
    Mar 2005
    Location
    Texas, USA
    Posts
    2,628

    Default Re: Boghies Account Talk

    Quote Originally Posted by Birchtree View Post
    Now I like your style.

    Sy Harding would agree Birchtree.



    http://www.decisionpoint.com/TAC/HARDING.html

    http://www.streetsmartreport.com/sts.html

  16.  
  17. #33

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    Mar 2006
    Location
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    Default The Random Walk of a Chicken...

    Sorry Birchtree...

    Things seemed ok in October, but way too choppy now...

    Things seem rather crappy now. I think this bad loan stuff will wash out - but when. I think the dollar will strengthen - but when. I think oil is overpriced and will retreat - but when.

    Time to take myYTD 12% gain partially off the table.

    I am still bullish on the market, but the choppyness is simply stupid – and, I am not a rapid fire trader.

    60% - G Fund
    20% - C Fund
    10% - S Fund
    10% - I Fund

    By the way, the oil market will damage Europe and China (and even Iran – see China) far more than us. China is forced to subsidize the price of gas because it is a government planned economy - and, thus, 'politicians' define the price of the commodity. Not a good mix. Europe figures in about a 70% tax into their fuel - the better to get everyone on the trains and busses. So, China is going to try to subsidize about $2.00/gallon on every fuel purchase on a national fleet of vehicles that get miserable mileage. So, Europe will take a gallon of gas that currently costs $2.50 and bump it to $8.35. And, what draconian measures are the oligarchs of China going to take to make the Beijing air fresh and clean for the 2008 Olympics. That, folks, is the I Fund…

    These are two things that are rather difficult to deal with over the mid to long term, eh

  18.  
  19. #34

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
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    Default I'm shrinking, and I can't get up!!!

    I should have taken my 12% YTD gain completely off the table…

    It is now a 9.75% YTD gain…

    Yuk, yuk…

    And, just when I was thinking of getting back into the C/S/I funds I ended up being much too busy at work, at home, and at play to give myself a warm and fuzzy about getting away from the safety of the G Fund.

    Still Holding:
    60% - G
    20% - C
    10% - S
    10% - I
    And, now the bozos at TSP want to restrict my ability to dollar cost average assets from my G Fund to my stock funds!!!

    Or run to safety from my C/S/I stock funds into the G or F funds.

    Remember just how much fun the 2001 recession was when you could only make bi-monthly trades on TSP’s stupid schedule. Many of you lost 40% of your retirement holdings as the market tanked in March and again in September/October.

    By the way – I absolutely hate the fact that the Federal Government can ‘borrow’ assets from the G Fund with the promise to repay later. I flushed the full faith and confidence in the Feds down the toilet many moons ago. After watching Social Security expenditures starting to explode I am wondering if the trust funders in Congress will taketh from one Social Security lock box (G Fund) to shore up another lock box (Social Security). That seems to be how they work. Why will it change?

    And, it is now too late to fix Social Security through opening up the investment portfolio.

    That game is over, Bush was right in that we had to move quickly.

    Ten years from now Boomers will be in mid-retirement mode

    Consider Social Security a tax – not a benefit.

    Now, tax management strategies.

    Instead of growth.

  20.  
  21. #35

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    Default A Rebalancing Act, Part 27 or so...

    The 'Santa Claus Rally' crashed.

    The sled collapsed under the weight of recently purchased 'MacMansions' and Political Populist Uprisings...

    Is this the bottom or the top...

    Me not know...

    But, that Good ol'e 'TSP Inactive' balance seems to be a good center point.

    It can rally a bit in an up market...

    And, it sags just a bit in a down market...

    Here goes:

    G: 20%
    F: 20%
    C: 30%
    S: 15%
    I: 15%

    And, yes, I did surf through many accounts. All over the place. So, to me, that means there is no 'Sentiment' out there to survey, eh...

  22.  
  23. #36

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    Mar 2006
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    Default Re: Boghies Account Talk

    Yowser (sic???)

    Don't know if my transaction posted here months ago that got me a bit out of the market from my last post...

    I am buying on the dip.

    From:
    G: 30%
    F: 20%
    C: 25%
    S: 15%
    I: 10%

    To:
    G: 20%
    F: 10%
    C: 35%
    S: 15%
    I: 20%
    A bit overweighted in the I me thinks, but let's see how it plays out.

    I can't seem to find my transaction file...

    UPDATE (nice caps, so important):
    Got logged into the Automated tracker and got the right balance - including the 2008/03/12 transfer. That flight to safety didn't do me too much good, but it really didn't harm me as well. Was still 50% in the market. Now I am 70% in.


  24.  
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