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Long-term Inactive Account:
Effective 8/03/06 (COB 8/02/07) this account will be:
35% C, 35% S and 30% I fund.
We will make a rare move in our long-term less active account. We are seeing some signs that the worst may be over as many of the smart money indicators are starting to flash intermediate-term buy signals.
I've toyed around with the idea of going with this allotment for the rest of the year.Quote:
Originally Posted by tsptalk
Then I realize I'm fooling myself if I think I can keep from messing with the market. :laugh:
Yeah, I can foresee this staying in this allocation through the end of the year. That's the nature of a buy and hold account.Quote:
Originally Posted by weatherweenie
But I'm with you. I can't sit by and let things play out. I have to get my hands dirty. Probably not good for my account, my sleep, or my sanity, but it's what I do. Maybe I just need another hobby. :)
I told an economist I work with that I time the market as a hobby. He said I would be better off switching to a buy and hold account and taking up a new hobby like taking a small to medium bag of currency each month and feeding the bills into the barbecue on my deck instead of timing the market.Quote:
Originally Posted by tsptalk
My other hobby is poker so maybe the barbaque thing will be less expensive too. :)Quote:
Originally Posted by Chaser