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01-02-2013, 03:15 PM
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#1
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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At This Rate
My portfolio will be up 400-500% in 2013!
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01-02-2013, 03:22 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
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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.
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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01-02-2013, 03:27 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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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01-02-2013, 03:46 PM
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#4
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Thinks s/he gets paid by the post
Join Date: May 2005
Location: Texas
Posts: 1,038
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Quote:
Originally Posted by NW-Bound
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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Never fear the tax brackets will be adjusted to compensate.
__________________
In theory, theory and practice are the same. In practice, they are not.
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01-02-2013, 03:50 PM
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#5
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 576
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At this rate, equities may be the only thing that can beat trading forex.
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01-02-2013, 03:56 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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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01-02-2013, 04:01 PM
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#7
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Thinks s/he gets paid by the post
Join Date: May 2005
Location: Texas
Posts: 1,038
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Credit card arbitrage, dumpster diving for profit. Only the highest quality and profitable investments.
__________________
In theory, theory and practice are the same. In practice, they are not.
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01-02-2013, 04:19 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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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.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-02-2013, 05:01 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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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01-02-2013, 06:09 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by NW-Bound
Without down periods, life would be dull.
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No worries NW.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-02-2013, 06:17 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I am getting my booze cabinet stocked up.
I've got plenty to cry into.
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01-02-2013, 07:14 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2011
Location: Philadelphia
Posts: 1,372
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Quote:
Originally Posted by NW-Bound
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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At the rate Bernanke is printing money, you could be a "billionaire" any day now...enjoy your $100m car...
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01-02-2013, 07:38 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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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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01-02-2013, 08:03 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,639
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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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01-02-2013, 08:08 PM
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#15
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by PatrickA5
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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That is bad. Sorry for your luck.
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01-02-2013, 08:16 PM
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#16
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 317
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Quote:
Originally Posted by MelBay
Just looked at my 401(k), and my YEAR-TO-DATE rate of return is 12.40%. Woot!!!!
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My 401k is up $38,610 for 2012 including contributions, company match, and appreciation!
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01-02-2013, 08:28 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
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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.
__________________
Retired since summer 1999.
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01-02-2013, 08:28 PM
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#18
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Recycles dryer sheets
Join Date: May 2007
Posts: 444
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Quote:
Originally Posted by PatrickA5
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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Bummer
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01-02-2013, 08:30 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
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Quote:
Originally Posted by MelBay
Just looked at my 401(k), and my YEAR-TO-DATE rate of return is 12.40%. Woot!!!!
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Just so you know, that was probably for 2012, not 2013!
__________________
Retired since summer 1999.
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01-02-2013, 08:46 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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 http://www.early-retirement.org/foru...ter-57042.html.
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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