Thread: Interfund Transfer 8/02 for 8/03/07

Originally Posted by tsptalk

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.

Then I realize I'm fooling myself if I think I can keep from messing with the market.

Originally Posted by weatherweenie

I've toyed around with the idea of going with this allotment for the rest of the year.

Then I realize I'm fooling myself if I think I can keep from messing with the market.

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.

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.

Originally Posted by tsptalk

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.

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.

Originally Posted by Chaser

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.

My other hobby is poker so maybe the barbaque thing will be less expensive too.