Thread: James48843 Account Talk

Well, I won't be alone staring at the ceiling at 2am trying to figure out how many more years I have to work to make up for lost TSP funds...

Hopefully we get it back soon. I have about six more years if the market doesn't give me a heart attack before then!

Originally Posted by James48843

Damn.

Definitely going to need a Corona tonight.

With a near 4% decrease today, I just lost $33,000 in one day. (Was counting on that to be a gain today, with a 273,000 positive jobs report and a whipsaw off yesterday's loss).

It's gonna be a tough one.

(Clink).

Attachment 45603

Originally Posted by James48843

Definitely going to need a Corona tonight.

With a near 4% decrease today, I just lost $33,000 in one day. (Was counting on that to be a gain today, with a 273,000 positive jobs report and a whipsaw off yesterday's loss).

Nice close. You can probably afford another 6 pack now.

+3% in last 25 minutes.

I moved to "G" and gave up.

I logged in and looked at my account this morning. I shouldn't have done that.

I am down $75,000 over where I was Feb 28, back when I was sitting in G and F, laughing that I had moved out a couple of days before, and thinking I'd wait until a clear quick
wave allowed me to capture some gains.

It didn't work out that way. The good news is-it could have been far worse, had I been a "buy and hold"er.

Stock Futures this morning are looking VERY grim- now down over 5%.

I'm out of moves, and sitting mostly in "G" .

Good luck .

As of 8:18 a.m. this morning:


U.S. Stock Futures

S&P	-139.25 / -5.08%
Level	2,601.00
Fair Value	2,739.79
Difference	-138.79
Data as of 8:18am ET
Nasdaq	-402.00 / -5.02%
Level	7,601.50
Fair Value	8,004.60
Difference	-403.10
Data as of 8:17am ET
Dow	-1,231.00 / -5.22%
Level	22,344.00
Data as of 8:18am ET

Wow.

Whiplash

Just have to say- I remember some wild stuff in the crash of ‘87, but the ride this week is definitely comparable on emotion to those days back then- pretty crazy stuff.

I am pretty confident that we are going to see continued bucking broncho down as the economy vibrates badly like a propeller throwing a blade for the next few months.


Sent from my iPhone using TSP Talk Forums

Originally Posted by James48843

The good news is-it could have been far worse, had I been a "buy and hold"er.

Although I am by no means minimizing the pain you were experiencing, as the TSPTalk "guinea pig" for buy-n-holding (Nov 2009 - Dec 2019), you would've recovered that $75,000.00 in due time (even after a further drop) with your number of shares intact.

HAPPY DANCE!

Yesterday afternoon, I was able to accept an offer on my house. It's been for sale since last August, and I was worried last week that I was about to roll into this recession without an acceptable offer. The offer I ended up accepting was only a little off my latest asking price, down about 20K from where I started asking last summer, BUT it sounds like it's going to work for everybody.

I found my dream home last summer, on the water of Lake Huron, within sight of a boat slip in a Marina for sale.

Here is a photo of my house I bought next to the Marina last July. This is where I will be moving to this spring/summer, after I close:
IMG_3541.JPG
IMG_3552.JPGIMG_3544.JPG

I bought the dream house and have been paying on two houses since August last year. I could not retire until I knew for sure the old house was sold.

I'm holding my retirement paperwork until the day after closing- but it's coming soon.

Although as of today, EVERYBODY is being told to telework from home- so I JUST might ask my boss if I can hang on to my job and telework from my dream home for an extra couple of months (I don't see the teleworking being lifted before fall, to be honest.

Wouldn't that be cool?


Would somebody please post a SNOOPY HAPPY DANCE !! graphic for me in this thread?

THank you-

Jim!

snoopy.gifThe best to you JIM!!

James,
We are finding ourselves in a pickle. We signed a contract to build a new house in early February and they are proceeding. The builder has the construction loan - we paid a down payment. But we HAVE to sell our house before we can close on that one. Estimated construction completion will be August. In normal times our house would sell really fast for full price (location, location, location), but now I'm getting really worried. Our down payment on the new house is in this current house. I could do a home equity loan to get the down payment out, but then I would have 2 mortgages and we just aren't able to do that. Ugh. Timing is everything I guess.

So Congrats to you!!

Congrats! Of all weeks to get an offer.

Congrats on the sale and purchase! Is that in Hammond Bay/Cheboygan area of Michigan?

Originally Posted by albacore5

Congrats on the sale and purchase! Is that in Hammond Bay/Cheboygan area of Michigan?

Yes- CHeboygan. That's Duncan Bay in the background!