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Thread: justbizness45's Account Talk

  1. #25

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by squalebear View Post
    You certainly don't sound like a Rookie !
    We will see how the tracker looks at the end of the month and you may change your opinion.

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  3. #26

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    Default Re: justbizness45's Account Talk

    1) I wanted to share this in case someone else is in a similar position: Every Sep for the past couple of years I look at my TSP contributions to make sure I don't go over the max and every year due to my slowly rising base I end up cutting a little out of contributions in Sep.
    2) Now the rule in my household is don't mess with the bi-weekly check amount (unless it is going up) that is what the budget is based on.
    3) This year I turn 50.
    4) Today when I did my review, I had to drop my percentage but I put the dollar amount in catch up funds. That puts an extra $1200 into my account by the end of the year, I won't lose any matching funds and doesn't change the pay check.

    Some may ask why I am just not doing the max $5000 catchup that I am eligible for and my answer is private college. My daughters school gets it for 3 more years. Anyway I wanted to share in case someone else couldn't figure a way to do some extra catch up contributions.

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  5. #27

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by justbizness45 View Post
    Well, at 1100 the market was not giving much indication which way it would go so I missed it going down. The S&P 1265 ish (ish is around plus or minus 5 in my book) point has been hit 4 time since 8/8 and held every time including today. I am still very cautious and trying to stay nimble. 50G/25S/25C by COB 9/4
    Well, obviously the S&P fell out of the channel. Good news is I bought in 3% lower than I expected. Bad news is I'm holding and looking over a cliff. If you haven't seen it checkout Poolman's vid of the technical analysis of today. It's good info even a rookie can understand. I haven't made up my mind yet on what I will do tomorrow. Too much info out there and I'm trying to digest it all. I'm either a genius or an idiot for getting in today. More later, JB45.


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  7. #28

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by justbizness45 View Post
    Too much info out there and I'm trying to digest it all. I'm either a genius or an idiot for getting in today. More later, JB45.
    Don't knock yourself down too hard there buddy A lot of smart people bought in today, so you're not the only one. You're not that far from July's bottom and this thing can easily shoot back up like a rocket ship.

    Either ways, you jumped 3% ahead of stocks, and that can turn out to be an awesome gain and exit it timed right.

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  9. #29

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by JTH View Post
    Don't knock yourself down too hard there buddy A lot of smart people bought in today, so you're not the only one. You're not that far from July's bottom and this thing can easily shoot back up like a rocket ship.

    Either ways, you jumped 3% ahead of stocks, and that can turn out to be an awesome gain and exit it timed right.
    If the unemployment report comes in over 5.7% I think the markets going to tank and test July's bottom. My stop loss point is going to be 1210. I hate to use my last IFT jumping out of the market 1 day later. But we have to make the best of our circumstances.....
    Bad FRTIB, bad FRTIB...

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  11. #30

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by justbizness45 View Post
    If the unemployment report comes in over 5.7% I think the markets going to tank and test July's bottom. My stop loss point is going to be 1210. I hate to use my last IFT jumping out of the market 1 day later. But we have to make the best of our circumstances.....
    Bad FRTIB, bad FRTIB...
    True, but I have a hunch some of tomorrows bad news is already factored in. If you jump out now, you may get screwed over if this thing flips around. Mind you I'm not advising you to stay in, but I just don't see much more downside left before bargin buyers start stepping in. Either ways tomorrow will be an interesting day, I hope the best for everyone...

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  13. #31

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by JTH View Post
    Either ways tomorrow will be an interesting day, I hope the best for everyone...
    So true brother, good luck tomoorow!!

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  15. #32

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    Default Re: justbizness45's Account Talk

    Wasn't today a fun ride? I almost lost my nerve and jumped back to G. Then I thought about L2R's quotes on fear and panic and decided to stay the course I had chosen. Thanks L2R!! In the tech analysis I've looked at, the 50dma and 20dma on the S&P are running together around 1260 ish. Soooo... if we can get up to 1260 I will bail and twiddle my thumbs again for a few weeks. Still 50G/25S/25C. 1 IFT remaining. I am also staying nimble and cautious. Have a great weekend everyone. JB45
    Last edited by justbizness45; 09-05-2008 at 08:20 PM. Reason: spelling

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  17. #33

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    Default Re: justbizness45's Account Talk

    With the Fannie/Freddie takeover and futures up as high as they are I think I will try and take profits tomorrow if the markets are still up in the late morning. Unfortunately that will lock me in with no IFTs until Oct.
    We must all deal with the restrictions placed upon us, but we don't have to like it!! Like Norm I think Geeee may be the place to beeeee. Good luck to all invested next week. JB45

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  19. #34

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by justbizness45 View Post
    With the Fannie/Freddie takeover and futures up as high as they are I think I will try and take profits tomorrow if the markets are still up in the late morning. Unfortunately that will lock me in with no IFTs until Oct.
    I'm in the same boat there brother and tend to agree that making a swift exit to G may be the best course of action.

    Problem is, I've seen way too many IFTs made by 1200EST look good at the moment, then tank after lunch time

    This is going to be one-hell-of-a tough call to make...

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  21. #35

    Default Re: justbizness45's Account Talk

    Quote Originally Posted by JTH View Post
    I'm in the same boat there brother and tend to agree that making a swift exit to G may be the best course of action.

    Problem is, I've seen way too many IFTs made by 1200EST look good at the moment, then tank after lunch time

    This is going to be one-hell-of-a tough call to make...
    If this rally fades tomorrow and the market tanks after noon...you might as well be out because there won't be a rally for a long time.

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  23. #36

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    Default Re: justbizness45's Account Talk

    Quote Originally Posted by JTH View Post
    I'm in the same boat there brother and tend to agree that making a swift exit to G may be the best course of action.

    Problem is, I've seen way too many IFTs made by 1200EST look good at the moment, then tank after lunch time

    This is going to be one-hell-of-a tough call to make...

    True, do you believe there is an upside to next week after Monday? I don't see anything at the moment. I won't pull the trigger until I have but........


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