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Old 01-02-2013, 04:15 PM   #1
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At This Rate

My portfolio will be up 400-500% in 2013!
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Old 01-02-2013, 04:22 PM   #2
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I suppose that folk are relieved that some kind of a "fiscal cliff" deal was done. I imagine we'll give back at least some of those gains over the next few days.
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Old 01-02-2013, 04:27 PM   #3
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Don't underestimate the power of compounding. I am up 2.56% today, and there are 250 trading days in a year.

So, 1.0256^250 = 555. I would be a billionaire long before the year end.
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Old 01-02-2013, 04:46 PM   #4
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Don't underestimate the power of compounding. I am up 2.56% today, and there are 250 trading days in a year.

So, 1.0256^250 = 555. I would be a billionaire long before the year end.
Never fear the tax brackets will be adjusted to compensate.
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Old 01-02-2013, 04:50 PM   #5
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At this rate, equities may be the only thing that can beat trading forex.
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Old 01-02-2013, 04:56 PM   #6
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A concern I would have is that if I became a billionaire, then what would be the net worth of Buffet, Carlos Slim, and the like? They would still be able to bury me with their money. It's still not fair!

Also, if and when I become a billionaire, most likely a gallon of milk will cost $1000. So, what's the point?
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Old 01-02-2013, 05:01 PM   #7
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Credit card arbitrage, dumpster diving for profit. Only the highest quality and profitable investments.
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Old 01-02-2013, 05:19 PM   #8
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Some of youse guys are gonna jinx us all...

I assume the next time the market dives you'll report that you'll be bankrupt in X days.
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Old 01-02-2013, 06:01 PM   #9
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The most unlucky scenario would be if I became a billionaire this year. That would have meant hyperinflation Zimbabwe style. No, nobody can be that pessimistic!

And if the market tanks? Hey, misery loves company. Remember all the camaraderie here during the Great Recession of 2008-2009, when people licked their wound at market close and commiserated about the money lost that day? Without down periods, life would be dull.
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Old 01-02-2013, 07:09 PM   #10
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Without down periods, life would be dull.
No worries NW.

Ha
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Old 01-02-2013, 07:17 PM   #11
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I am getting my booze cabinet stocked up.

I've got plenty to cry into.
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Old 01-02-2013, 08:14 PM   #12
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Don't underestimate the power of compounding. I am up 2.56% today, and there are 250 trading days in a year.

So, 1.0256^250 = 555. I would be a billionaire long before the year end.
At the rate Bernanke is printing money, you could be a "billionaire" any day now...enjoy your $100m car...

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Old 01-02-2013, 08:38 PM   #13
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Just looked at my 401(k), and my YEAR-TO-DATE rate of return is 12.40%. Woot!!!!
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Old 01-02-2013, 09:03 PM   #14
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How's this for bad luck. My wifes company moved their 401K from John Hancock to Vanguard on 12/31. Why is this bad luck? Because all of her assets in the old 401K were sold at the end of business on 12/31 and weren't reinvested in Vanguard until after close today! We were totally out of the market today due to no fault of our own. UGH! Figured it cost us at least $10K. Oh well. As long as the market continues these gains the rest of the year.......
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Old 01-02-2013, 09:08 PM   #15
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How's this for bad luck. My wifes company moved their 401K from John Hancock to Vanguard on 12/31. Why is this bad luck? Because all of her assets in the old 401K were sold at the end of business on 12/31 and weren't reinvested in Vanguard until after close today! We were totally out of the market today due to no fault of our own. UGH! Figured it cost us at least $10K. Oh well. As long as the market continues these gains the rest of the year.......
That is bad. Sorry for your luck.
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Old 01-02-2013, 09:16 PM   #16
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Just looked at my 401(k), and my YEAR-TO-DATE rate of return is 12.40%. Woot!!!!
My 401k is up $38,610 for 2012 including contributions, company match, and appreciation!
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Old 01-02-2013, 09:28 PM   #17
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My portfolio will be up 400-500% in 2013!
Isn't there some saying about don't count your eggs......

But at this rate, my withdrawal will be paid for in another day or two!

Shhhhhhh - don't wake up W2R!

Having some uncertain things made certain is quite valuable.
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Old 01-02-2013, 09:28 PM   #18
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How's this for bad luck. My wifes company moved their 401K from John Hancock to Vanguard on 12/31. Why is this bad luck? Because all of her assets in the old 401K were sold at the end of business on 12/31 and weren't reinvested in Vanguard until after close today! We were totally out of the market today due to no fault of our own. UGH! Figured it cost us at least $10K. Oh well. As long as the market continues these gains the rest of the year.......
Bummer
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Old 01-02-2013, 09:30 PM   #19
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Just looked at my 401(k), and my YEAR-TO-DATE rate of return is 12.40%. Woot!!!!
Just so you know, that was probably for 2012, not 2013!
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Old 01-02-2013, 09:46 PM   #20
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As there was no MF that went up that much in a single day, I also wondered what single stock would go up that much. There are, but they are usually small microcap stocks. So, did he put it all in his company stock?

Anyway, I myself do have a position that went up 12.72% today!

It's a triple-leveraged ETF called SOXL (Semiconductor Bull 3X) that I mentioned once before in another thread. I use it as a short-term market-timing play, and have not had more than 1% of portfolio in this position as it is extremely volatile. I could easily give back all the gain tomorrow. See LOL!'s Market Timing Newsletter.

The next runner-up in my portfolio is X (US Steel), up 8.55% today. So, I hope that if MelBay's 401k was really up 12.4% in one day, he would tell us what he held.
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