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Re: Calculators and following the dow daily
Old 05-12-2005, 05:31 PM   #21
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Re: Calculators and following the dow daily

Runner,
Good job getting into the spirit of th's onions. I mangle spelling here all the time.

Re: the Dow -- you might ask yourself , "What am I going to do if the Dow is (fill in the blank) up/down 100 points or whatever."

Then before you look at the actual number, commit to yourself what you will actually do with the information.

If you've been here awhile and gotten the long run religiion, you'll realize that you will do absolutely nothing with the information.

That can be the first step to saying, Hmm.... if I am not actually going to take any action based on today's Dow or 3:00's Dow, then I guess I don't really care what it is.

Understand that modern life jerks us all around all the time with lots of things that say, in effect, "look at me, I'm new, I'm important!" and which really aren't important or new at all.

So it gets easier every year (is this the definition of an old Phart?) to just let it come and go as general background noise.

Off to teach my meditation class. That is always an option, btw -- you can meditate on the meaning of the Dow. Think about it long enough and it will lose its iron-cold grip. And you can loosen some of the Dow-hype if you stop listening to the 'news'. Not much new there, either.
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Re: Calculators and following the dow daily
Old 05-12-2005, 06:58 PM   #22
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Re: Calculators and following the dow daily

Can we stop talking about my onions now? Puhleeeze?

If the dow goes down I think "Excellent...now it just has to go down a lot more and I can put some cash to work!". If it goes up, I think "Excellent...I made money today".
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Re: Calculators and following the dow daily
Old 05-13-2005, 10:19 AM   #23
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Re: Calculators and following the dow daily

As a mantra, I find Tao (pronounced dow) to be very effective.* Now if I could just get the little line on the chart to levitate along with me...
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Re: Calculators and following the dow daily
Old 05-13-2005, 10:34 AM   #24
 
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Re: Calculators and following the dow daily

Quote:
I find myself following the DOW on a day to day bases how can I break this habit...
Amazing -- I was going to post the same question! *Today the market has been open for an hour and 45 minutes, and I am struggling against the temptation to click on the favorite that will show me a nice intraday chart of the S&P 500. *It's silly -- I'm a confirmed buy-and-hold long term investor; I've never sold when things are going down, but I can't resist checking.

Also, since I have all my mutual funds with Vanguard, I can easily see how much I've made or lost at the end of each day ("Oops, lost $10,000 today -- better get no topping on the pizza.").

I know that in the past I've gone for months or years without following the market. *Perhaps part of the reason it's so hard now is that it's easy to check. * I'm going to try to resist all of today. *Maybe next week I'll try to go two days without checking.

Twentieth Century Ultra Fund

Here's my good luck story with Ultra: I started investing money in it in 1993 for my daughter's college in her name. *But then one year, it made so much money that I had to file an income tax return for her. *I hate tax paper work so I said "Can't have that!" and moved her money into a high-yield calif muni account. *I didn't care that I was putting a tax-exempt fund in a tax-advantaged account, I wasn't going to file no damn extra tax return. *

Through dumb luck, that was a good time to get out, and the muni fund did well too. *
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Re: Calculators and following the dow daily
Old 05-13-2005, 10:44 AM   #25
 
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Re: Calculators and following the dow daily

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pre nep agreement
Uh oh, now you're really in for it. If you'd said "pre nap agreement" we'd really be off on another OT tangent.

I've been making some bad typos in posts lately.* The other day I wrote "you have to take for a grain of salt" on another forum, and was lectured endlessly about the meaning of the saying.* At least in this forum I can go back and edit mistakes.

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Re: Calculators and following the dow daily
Old 05-13-2005, 01:29 PM   #26
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Re: Calculators and following the dow daily

I apologies for my lack of a pre-nep.

Sorry. I'm feeling unnecessarily mean today. It'll take someone all of 30 seconds to find a dozen worse typos in one of my posts.
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