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Time to come clean...
Old 04-01-2014, 07:13 AM   #1
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Time to come clean...

Though I've continued to promote the Bogle/Bernstein investment philosophy as long as I've been a member here, including refraining from market timing, I fell off the wagon some time ago. Last year I sold off a large portion of our equity funds and resumed trading individual stocks (as when I was younger). Fortunately my timing was good and we increased our net worth considerably last year. However, with the market near all time highs, we sold almost everything in Jan, and now hold less than 10% equity. And with bonds certain to take a nose dive, we sold them all as well. So we're mostly in cash and cash equivalents, keeping our powder dry waiting for the best time to get back in.

And while I've defended retirement AND work both as valid options, I went back to work with my former Megacorp in Jan as well. So my retirement lasted about 2-1/2 years, but I got bored and went back to work. It'll be nice to have two incomes again, and I am enjoying the challenges of work once again.

I apologize for misrepresenting myself here for the past year or so...I feel better having finally come clean.
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Old 04-01-2014, 07:15 AM   #2
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Quote:
Originally Posted by Midpack View Post
Though I've continued to promote the Bogle/Bernstein investment philosophy as long as I've been a member here, including refraining from market timing, I fell off the wagon some time ago. Last year I sold off a large portion of my equity funds and resumed trading individual stocks (as when I was younger). Fortunately my timing was good and we increased our net worth considerably last year. However, with the market near all time highs, we sold almost everything in Jan, and now hold less than 10% equity. And with bonds certain to take a nose dive, we sold them all as well. So we're most in cash and cash equivalents, keeping our powder dry waiting for the best time to get back in.

And while I've defended retirement AND work both as valid options, I went back to work with my former Megacorp in Jan as well. So my retirement lasted about 2-1/2 years, but I got bored and went back to work. It'll be nice to have two incomes again, and I am enjoying the challenges of work once again.

I apologize for misrepresenting myself here for the past year or so...I feel better having finally come clean.
Wow. Another example of how you can be anyone you want to be on the internet.
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Old 04-01-2014, 07:18 AM   #3
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Nice try. April Fools.
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Old 04-01-2014, 07:25 AM   #4
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You know it doesn't really matter if rewahoo did a little april fools joke on us or not, does it?

After 32000 posts, many of you know him/her better than me but some of us did like working for mega-corp......I didn't work for them.....I owned a small company....but individuals like Bob Lutz can't give it up and he is in his 80's. And, my fil is faithful to his stock broker and only buys individual stocks and does really well while I'm primarily in index stocks. But.....regardless, if we have our health, family and enough money to enjoy life, we won! And, I've won big and enjoy as well as learn from all of you every day when I open up this blog........ps......did really well with my muni bond interest this month!.......and, I'm buying a new Cadillac today!!!!!!
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Old 04-01-2014, 07:42 AM   #5
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You know it doesn't really matter if rewahoo did a little april fools joke on us or not, does it?
Hey, don't try to pin that one on me! Giving up retirement and returning to work isn't a joking matter in my world.
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Old 04-01-2014, 07:43 AM   #6
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Where is Midpack and what have you done with him? Cute--I must admit that I fell for it at first!
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Old 04-01-2014, 07:48 AM   #7
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Where is Midpack and what have you done with him? Cute--I must admit that I fell for it at first!
Tis the season day...
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Old 04-01-2014, 08:03 AM   #8
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I got bored and went back to work.
There goes my promise to limit my posts to 160 characters...

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Old 04-01-2014, 08:14 AM   #9
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I've secretly been learning to play tuba.

You can call me John Philip Steely now.
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Old 04-01-2014, 08:16 AM   #10
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Hey, don't try to pin that one on me! Giving up retirement and returning to work isn't a joking matter in my world.
+1000
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Old 04-01-2014, 08:58 AM   #11
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Hmmm....what day is today?
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Old 04-01-2014, 09:08 AM   #12
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Good one MidPack! You almost had me for a minute there.
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Old 04-01-2014, 09:15 AM   #13
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Best April Fools ever!
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Old 04-01-2014, 09:42 AM   #14
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Old 04-01-2014, 09:54 AM   #15
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Good one MidPack! You almost had me for a minute there.
He DID have me for about a minute. I had already begun to fashion my response.

Good one!
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Old 04-01-2014, 09:54 AM   #16
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<snip> we sold almost everything in Jan, and now hold less than 10% equity. And with bonds certain to take a nose dive, we sold them all as well. So we're mostly in cash and cash equivalents, keeping our powder dry waiting for the best time to get back in.
Wow, that was pretty radical. I'm really curious about what equities you held onto: so what does your "less then 10% equity" include?
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Old 04-01-2014, 10:07 AM   #17
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Believable until the I returned to work full time . Consulting I could have believed .
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Old 04-01-2014, 10:26 AM   #18
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Believable until the I returned to work full time . Consulting I could have believed .
It's a fine line. My objective was to make it believable enough to set the hook to start, and then go just a little over the top to give the reader a chance to realize they'd been had (so no one seriously overreacted)...looks like I was close.
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Target AA: 60% equity funds / 35% bond funds / 5% cash
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Old 04-01-2014, 10:30 AM   #19
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Giving up retirement and returning to work isn't a joking matter in my world.
+1

That's really bad joke and poor taste in my book.







Just kidding!
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Old 04-01-2014, 10:49 AM   #20
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It's a fine line. My objective was to make it believable enough to set the hook to start, and then go just a little over the top to give the reader a chance to realize they'd been had (so no one seriously overreacted)...looks like I was close.
Masterful. I salute you.
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