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06-25-2016, 02:50 AM
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#101
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,189
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Quote:
Originally Posted by Htown Harry
My first thought on hearing the news of market drops: "Good. If the dip lasts more than 10 days, then my upcoming dividend reinvestments will buy more shares"
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it is a wash . you will have the same account value pretty much before and after the reinvested money .
all compounding is on dollars at the ring of the opening bell over the next quarter , not number of shares . the auto adjustment in share price downward by the amount of the pay out pretty much is a wash when you reinvest .
if you don't reinvest then at the opening bell you have less dollars compounding .
you only benefit when buying more shares with new money since that increases the dollars compounding .
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06-25-2016, 02:55 AM
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#102
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,189
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Quote:
Originally Posted by Senator
The dividend reinvestment price is the price of the stock on the dividend ex-date, not the date the dividend is distributed.
Likely that ex-date has already passed, and they will be bought for a price a few percent above the market.
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this is another reason .
all in all , much ado about nothing . you pretty much end up with the same dollars you had pre dividend .
all that counts is total return . you started the quarter with x-amount and it compounded up or down and you ended with y-amount . number of shares play no part .
the same total return will give you the same results whether you reinvested the dividend or had a stock that paid no dividend
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06-25-2016, 02:59 AM
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#103
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,189
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Quote:
Originally Posted by fritz
Down just under 2% today with a 52/48 stock/bond portfolio.
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down 1.37% total yesterday with a 33/59/8 portfolio . but about 40% of the bond budget is in high yield as a proxy for some of the stock allocation .
i found the high yield market performing better then stocks with almost 1/2 the volatility so it was a no brainer to make the swap .
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06-25-2016, 04:47 AM
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#104
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Recycles dryer sheets
Join Date: Mar 2014
Location: Islands
Posts: 363
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Quote:
Originally Posted by Travelwanted
Latest polls show it is very close. Odds makers still have it more likely Brexit will NOT occur.
Personally I think the market sells off more up to the vote. I bought a small short that I am betting...yes this is gambling...not investing....will go up the next few days. I will likely sell before the actual vote and take advantage of the uncertainty for some extra pocket change...hopefully. Remember, the market does not like uncertainty.
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Exact opposite of what I thought...run up to the vote then plummet.
Closed out my short position and went long the pound. Added to total stock market, international and banking.
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06-25-2016, 06:02 AM
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#105
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Not really sure what the 1 day impact was. I'm still up 7.45% for the last 3 months in my 401K, and of course, my cash i still the same (about .02% lol)
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06-29-2016, 01:33 PM
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#106
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Today I am up 64 grand from last month.
Up, down, sideways...who cares?
Much ado about nothing.
And that's my way of dealing with market fluctuations, do nothing -
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06-29-2016, 01:50 PM
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#107
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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: 38,140
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It's already recovered most of the downdraft.
__________________
Retired since summer 1999.
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06-29-2016, 01:54 PM
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#108
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,486
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Quote:
Originally Posted by RobbieB
Today I am up 64 grand from last month.
Up, down, sideways...who cares?
Much ado about nothing.
And that's my way of dealing with market fluctuations, do nothing -
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+1
Sent from my iPhone using Early Retirement Forum
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06-29-2016, 01:58 PM
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#109
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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I think I'm down about .4% in the k plan since the vote - must be the vfwsx exposure
that was as of 6/28; should go back up after today though
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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06-29-2016, 02:42 PM
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#110
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Full time employment: Posting here.
Join Date: Dec 2015
Location: Vancouver
Posts: 915
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Can't say I'm fully recovered yet but it's within spitting distance.
Just wanted to quote an economist I like to follow, Benjamin Tal: “Markets tend to overestimate developments in the short run and underestimate them in the long run.”
__________________
Good Riddance. April 2022
"Yes, there's some shady stuff going down but it's fuelled by stupidity."
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06-29-2016, 05:25 PM
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#111
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Quote:
Originally Posted by RobbieB
Today I am up 64 grand from last month.
Up, down, sideways...who cares?
Much ado about nothing.
And that's my way of dealing with market fluctuations, do nothing -
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+1. It is not the first or last time the Market goes up and down on bad / good news. Over the years economy improvement and inflation always drive the Market back and higher.
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06-30-2016, 12:11 AM
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#112
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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I am pretty much back to where I was last week, just a few hundred dollars below my all time high. Whether it will last...
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06-30-2016, 09:59 AM
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#113
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,410
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Quote:
Originally Posted by FIREd
I am pretty much back to where I was last week, just a few hundred dollars below my all time high. Whether it will last...
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Wait! What? You mean I can come out of my bunker?
All the experts said this was close to the end of the world as we know it.
Last week, the headline was "Greenspan: This is the worst!", now it's "Just Kidding"?
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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06-30-2016, 11:04 AM
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#114
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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As of close yesterday, I was ~0.2% below the recent high. With today's market action, it looks like I'll be above that mark.
However, it's very early days for this Brexit tomfoolery. Anything could happen in the weeks, months and (more importantly) years ahead.
__________________
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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06-30-2016, 12:23 PM
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#115
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Full time employment: Posting here.
Join Date: Sep 2014
Posts: 645
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Last night I looked at the ytd, and noticed that my balance is higher an the start of the year even after I have withdrawn 1/2 of my 2016 spend! If I can get another 18 months of this, we can get 1st class tickets for a trip to Europe (at least I will get 1st class, DW may be in coach!)
Have the day you deserve, and let Karma sort it out.
Sent from my iPad using Early Retirement Forum
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06-30-2016, 12:29 PM
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#116
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gone traveling
Join Date: Sep 2013
Posts: 1,248
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High quality, wide moat ETFs VIG and SCHD are at all time highs (If you add in dividend payed few days ago)
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06-30-2016, 01:26 PM
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#117
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Based on my portfolio results, I am ready for another Brexit. Who, or what country, is next to vote?
If they do it often enough, my retirement will be more excellent that it already should be.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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06-30-2016, 03:41 PM
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#118
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Quote:
Originally Posted by marko
Wait! What? You mean I can come out of my bunker?
All the experts said this was close to the end of the world as we know it.
Last week, the headline was "Greenspan: This is the worst!", now it's "Just Kidding"?
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There are rumors of another round of stimulus from Central Banks.
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06-30-2016, 04:35 PM
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#119
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Up $3k over the high on Brexit Eve.
The overall reaction of the EU to the vote seems to be "don't let the door hit you on the way out." Perhaps that (vs begging the UK to reconsider and appearing as if chaos would ensue otherwise) helped temper the initial sell-off last Friday.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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Britain vote could crush 401k balances?
06-30-2016, 04:57 PM
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#120
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
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Britain vote could crush 401k balances?
On Monday, the Learned Experts said we must expect tremendous volatility in the markets, and quite possibly a recession. By Thursday, the Other Learned Experts are saying, "The effects of Brexit will not likely be very bad for US stocks." As usual, it's "Pick Your Expert" based on what is in the rear view mirror, because that's the best anyone can do. No one can guess the future, so set your AA, keep your ERs low on your index fund and then ignore the "experts", starting with the OP's advisor and all the rest. Happy 4th!
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