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Thread: XL-entLady's Account Talk

  1. #241

    Default Re: XL-entLady's Account Talk

    Quote Originally Posted by justbizness45 View Post
    Lady, my feelings exactly. Financial worth is security but my integrity is one of my most valuable assets. It doesn't spend well but it is easy to sleep with a clear conscious.

    Totally agree. If you don't have your word then want do you have? That means something to me. I always used to say "Say what you mean and mean what you say" Don't remember when or where I heard that but it rings so true.

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  3. #242

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

    Default Re: XL-entLady's Account Talk

    Sure happy to have paid my house off in January!! Bought it in 1995, paid off in 2008, with the help of a fixed rate home equity line of credit loan at 4.25%, for 5 years. Me and two other guys found this deal with Sun Trust and all three paid off our homes in 5 years. The rate didn't last long. So now I have an edge and more money to invest before I retire in 2009. I wish I could retire tomorrow, but must wait to make my goals.



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  5. #243

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
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    12,151

    Default Re: XL-entLady's Account Talk

    Lady it is always a pleasure to read your posts.
    Back in 1979 when I got married, took over my brother-in-laws house on a land contract (8 and a 3rd interest). About a year and a half later most of the savings and loans started to get bought out. We got the letter to pay in full. Interest rates had jumped to 14% by then. By the time the smoke cleared we had settled for 11.5%. I guess I do not have much of a point other than mortgage rates seem to run in cycles. Mid 80's and early 90's the ARM's where the greatest thing to buy a house. Mid 90's was the just pay off the interest loans (1.5% loans) This cycle just got everone where it hurts the most.


    May the force be with us.


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  7. #244

    Join Date
    May 2008
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    Utah
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    Default Re: XL-entLady's Account Talk

    My thanks to those of you who dropped by for a visit yesterday. Sorry I wasn't home to greet you but I'm glad you all made yourselves at home anyway. That's the way I want my home to be, and I'll keep the fridge stocked!

    Silverbird, I always enjoy your posts, and now your poetry too! Excellent!

    Alevin, thanks for your thoughts and your information. I'm in the middle of a round of medical appointments, but would love to PM you back as soon as I have a second, so we can continue our discussion!

    JB45, your integrity will pay more dividends than the financial ones ever will. I had to testify in front of a state grand jury once, and as I was having my preparatory interview by a state investigator he told me, "Relax, you'll do fine. Everyone tells me that you're the straightest arrow they know." You never know when your integrity will "pay off"!

    Nnuut, thanks for the visit, I'm honored! And congratulations on paying off your house!!

    Fabijo, your kids are listening to you, and watching too, and they'll be the better for it. You'll see!

    VW-girl, glad to see you around more often! I'll enjoy getting to know you!

    Nasa, thanks for the kind words! Yes, I had a mortgage at 10% interest once many years ago, that was ugly and I remortgaged as soon as I could.

    And for whatever it's worth, and that may not be much, I think that now that people have finally realized that the financial free ride is over and have started to dig out the problems, we'll get a handle on them. Maybe - finally -the light at the end of the tunnel isn't a train! Still some more down days coming, maybe big ones, but longterm I finally have hope for the market.

    Y'all have a good day and be careful out there!

    Lady

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  9. #245

    Default Re: XL-entLady's Account Talk

    Thanks for welcoming us, Lady! and thanks for all the encouragement.

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  11. #246

    Join Date
    May 2008
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    Utah
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    Default Re: XL-entLady's Account Talk

    I'm moving from 80% G 10% C and 10% S today into 100% G. I'm hoping to sell on an up day and buy back in at a lower price.

    I absolutely believe that when there is blood running in the financial streets is the best time to get into the markets. I don't remember who said that, but they spoke truth! But the political tourniquet has us in a state of suspension right now and I don't think the bottom is in yet - - there's not enough blood in the street yet.

    I know the SPX P&F chart lists a bullish price objective of 1510. And I do think we'll get there. But on the way up to that price we're going to go down too. In my very humble, and often wrong, opinion I think we could see 1000 before we see 1500 again.

    So I'm going to G-safety and am betting that the market will give me a better re-entry point.

    Y'all be careful out there.

    Lady

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  13. #247

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    Default Re: XL-entLady's Account Talk

    Quote Originally Posted by XL-entLady View Post
    I absolutely believe that when there is blood running in the financial streets is the best time to get into the markets. I don't remember who said that ....
    Lady
    Okay so when my reference librarian went on coffee break this morning and I couldn't think of the author of that quote, I had to look it up.

    It was Nathan, Baron Rothschild, founder of the Rothschild banking fortune, who said, "Buy when there is blood in the streets and sell to the sound of trumpets!"

    Birch, my B&H friend, I'll bet you love that quote except for the "sell" part!

    Lady

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  15. #248

    Join Date
    May 2008
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    Default Re: XL-entLady's Account Talk

    For those of you who are interested in the trends, this is what the rollercoaster did to things this week. Of course, it goes without saying that past market history or any kind of financial technical analysis will have nothing to do with how the markets will react over the next week or so. The Law of Supply and Demand cannot find its equilibrium until the political dust settles.

    As of COB today I'm 100% G and will stay that way for a while.

    Y'all be careful out there!
    Lady


    ,,,,,,,,,,,,,,,,,,,G Fund,,,F Fund,,,C Fund,,,S Fund,,,I Fund
    10 day SMA: ,,,+0.0%,,,-0.2%,,,,-1.9%,,,,-3.2%,,,,,-0.7%
    20 day SMA: ,,,+0.1%,,,-1.0%,,,,-2.3%,,,,-2.8%,,,,,+0.1%
    50 day SMA: ,,,+0.4%,,,-0.4%,,,,-4.2%,,,,-4.3%,,,,,-4.4%
    100 day SMA: ,+0.8%,,-0.1%,,,,-6.6%,,,,-6.2%,,,-10.5%
    150 day SMA: ,+1.1%,,-0.2%,,,,-7.7%,,,,-6.0%,,,-12.5%
    200 day SMA: ,+1.5%,,-0.1%,,,,-8.4%,,,,-6.0%,,,-13.4%

    The above numbers are the simple moving averages (SMAs) for each fund, based
    on Thrift Fund share prices and simplified by being recorded only once a week. Because I'm
    trying to look at trends I've highlighted any changes < or > 0.5%. Follow the column
    down in order to see how a TSP Fund is trending long-term.
    [/quote]

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  17. #249

    Join Date
    May 2008
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    Utah
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    Default Re: XL-entLady's Account Talk

    The bailout: What's at stake

    Americans don't need to worry about another depression. But no matter what happens with the bank bailout, the economy is unlikely to turn around soon.

    NEW YORK (CNNMoney.com) -- First, the good news: Even if warnings of economic catastrophe aren't enough to win approval of a controversial $700 billion Wall Street bailout, the economy is not at risk of falling into a depression, most experts agree.
    ...

    Now the bad news: Even if the plan to buy up bad mortgage debt from troubled banks and Wall Street firm does pass, it probably won't be enough to stop the economy from getting worse than it is today.

    And if the battered credit markets fail to restart, either because the bailout fails to win Congressional approval or it doesn't work as planned, the nation could be facing its worst economic downturn since the Great Depression.
    ...

    Where does it end? Lakshman Achuthan, managing director of the Economic Cycle Research Institute, said the banks and Wall Street firms that will be the main beneficiaries of the bailout are going to take the money and prepare to deal with growing defaults in Europe and Asia as those economies slow.

    He added that smaller banks will be more likely to repair their battered balance sheets than lend more aggressively.

    Others point out that the bailout doesn't address the root cause of the problems on Wall Street as well as the broader economy: falling house prices.

    That's why the Wall Street bailout won't be the last one pitched to Congress and taxpayers.

    Jerry Howard, CEO of the National Association of Home Builders, said the Wall Street bailout is crucial, even though he doesn't believe it will solve the credit crunch that was hitting his members before the crisis started.

    For this reason, Howard said as soon as Congress returns to work from its upcoming recess, his trade group will be asking for another package of between $40 billion and $90 billion directed towards the housing market.

    http://money.cnn.com/2008/09/26/news...ex.htm?cnn=yes



    Lady

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  19. #250

    Join Date
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    Default Re: XL-entLady's Account Talk

    Okay folks, everybody is getting super stressed about the situation. So here's what I'd like to ask you all to do. First of all, wet your lips and take a deep breath through your mouth, then release it slowly through your nose. Next:

    1. If you have money in a bank, check you bank's main internet page to see if it says it's FDIC insured. If it is, good. If not, look for a new bank today - make that yesterday.

    2. If you have money in a credit union, check to see if it is NCUA insured. That's the "full faith and credit" government insurance for credit unions. If your credit union is NCUA insured, good. If not, see step 1.

    3. For those of you who have significant nest eggs, ensure that you have no more than $100,000 in any one FDIC or NCUA insured banking entity.

    4. If you have money in a Money Market Mutual Fund (MMMF), deposit accounts as of September 19, 2008, are currently guaranteed but we don't know how much is guaranteed for any one investor or how long that protection will last. So it may make sense to move into a Treasury MMMF until the smoke clears.

    5. Fully protect any money you may need for the next five years. You never have to apologize to anyone for being safe.

    6. For money that won't be needed for 10 or 20 years (I'm not talking when you retire, I'm talking when you're going to use the money - usually not the same thing), stay focused on your long term goals and know that this too shall pass.

    Will you do those things for me? Thanks!

    Lady

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  21. #251

    Join Date
    Apr 2005
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    Gainesville, Florida, USA
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    Default Re: XL-entLady's Account Talk

    You should know that you and I are "cool". It's L2R that drinks the Billy Beer. I think this market realizes the economy is not dead and that many opportunities exist to invest in and that is one reason I'm sitting tight - an IED couldn't move me at this point. I'm going to go check and see how many dividends will be paying in October. I have my oceanic account at Merrill Lynch - they were recently bought by Bank of America so my small blessing is some of my costs will be reduced in a couple of months. There is always a silver lining if one looks.

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  23. #252

    Join Date
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    Default Re: XL-entLady's Account Talk

    Quote Originally Posted by XL-entLady View Post


    6. For money that won't be needed for 10 or 20 years (I'm not talking when you retire, I'm talking when you're going to use the money - usually not the same thing), stay focused on your long term goals and know that this too shall pass.


    Lady
    Hi Lady, I certainly agree with everything you've laid out...just one note though, I feel very sorry for most of our federal workforce brethren who are not engaged with their TSP accounts and who have purchased L Funds at the prompting of the Board and have taken a hard hit..

    Likewise, I certainly wish there was a proactive interest on the part of the various agencies to assure that their employees were more abreast of the market and their various options. For so many, it takes more than a website or a pamphlet.

    All the best..

    FS
    FogSailing
    Try to learn something about everything and everything about something.


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