Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
New Year's Cautious Glee
Old 01-07-2009, 07:38 AM   #1
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,933
New Year's Cautious Glee

The market has been doing so much better lately. Granted, it hasn't recovered and probably won't this early on, but it is what it is and with the Dow back over 9000, I am feeling a bit of optimism and cautious glee.

So, today I resumed DCA'ing into the G-Fund (government bond fund, guaranteed to never sink in share price) in my TSP.

I suspended my DCA into that fund last October, violating my financial plan due to the economic collapse. My plan has my entire TSP in G-Fund by next November, as part of the bonds in my desired asset allocation.

Anyone else noticing and enjoying this brief respite from the continual doom and gloom we have been experiencing?
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-07-2009, 08:15 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,440
Please keep it down. The stock Gods will make us pay.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 01-07-2009, 08:29 AM   #3
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,933
Quote:
Originally Posted by Dawg54 View Post
Please keep it down. The stock Gods will make us pay.
I hope not!

Besides, maybe if enough people start thinking we are in a recovery, the market will soar.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 01-07-2009, 08:42 AM   #4
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
Quote:
Originally Posted by Want2retire View Post
Besides, maybe if enough people start thinking we are in a recovery, the market will soar.
Normally, a stock market recovery precedes an economic recovery by several months. I suppose part of that is because the stock market is a forward-looking mechanism, and part of that might be that a rallying stock market may boost consumer confidence, which could in turn spur additional economic activity.

Another item of note is that one of the first asset classes to recover from a market bottom is usually junk bonds, and they've been hot in the last couple of weeks. Whether it's a head fake or a signal remains to be seen, of course.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 01-07-2009, 08:49 AM   #5
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,933
Quote:
Originally Posted by ziggy29 View Post
Normally, a stock market recovery precedes an economic recovery by several months. I suppose part of that is because the stock market is a forward-looking mechanism, and part of that might be that a rallying stock market may boost consumer confidence, which could in turn spur additional economic activity.

Another item of note is that one of the first asset classes to recover from a market bottom is usually junk bonds, and they've been hot in the last couple of weeks. Whether it's a head fake or a signal remains to be seen, of course.
I really, really hope that this is the beginnings of a recovery. Just a Dow of 9500 would make me deliriously happy.

Of course, since I went from 80% to 85% G-fund two and a half hours ago via a transfer (which will be done within 2 business days) from S&P 500, international stocks, and small cap stocks, the Dow is already 125 points down.

Dawg was right - - the stock gods are making me pay.

I didn't think I was engaging in market timing, but maybe I was, just a wee bit...
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 01-07-2009, 08:54 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Glee from life...yes. Glee from the mkt at 9000...not so much.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 01-07-2009, 09:15 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Well market looks like crap today. WTG!

__________________
Notmuchlonger is offline   Reply With Quote
Old 01-07-2009, 09:17 AM   #8
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,933
Quote:
Originally Posted by Notmuchlonger View Post
Well market looks like crap today. WTG!

I know, and it's all my fault! Oh well. Serves me right for being a dirty market timer.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 01-07-2009, 10:07 AM   #9
Full time employment: Posting here.
Lusitan's Avatar
 
Join Date: Jan 2006
Location: Boston
Posts: 620
I think we have a long way to go before we've got anything to be gleeful about. Hang on ...
__________________
Lusitan is offline   Reply With Quote
Old 01-07-2009, 01:27 PM   #10
Thinks s/he gets paid by the post
Coach's Avatar
 
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
Want2Retire, perhaps you should keep your stock purchases secret for a day or two?

Coach
__________________
Coach is offline   Reply With Quote
Old 01-07-2009, 01:33 PM   #11
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
Currently, headed to 'negative for the year" and if it goes -250 over the ADP jobs figures what is going to happen Friday, if the jobs number is -800,000 plus? Our stock market has become totally "news oriented".
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 01-07-2009, 08:29 PM   #12
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,619
Quote:
Originally Posted by Want2retire View Post
I know, and it's all my fault! Oh well. Serves me right for being a dirty market timer.
Yeah, lemme chime in with all the other grateful posters to say "Thanks a freakin' lot"!

Weren't you the one who got all giddy over Dow 13,000? Hopefully you'll be able to update that thread soon.

Holy cow, no, it was 14,000. Oh, great, now Armageddon is upon us...
Record Dow! Whee!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 01-07-2009, 09:04 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,036
Quote:
Originally Posted by Nords View Post
Weren't you the one who got all giddy over Dow 13,000? Hopefully you'll be able to update that thread soon.

Holy cow, no, it was 14,000. Oh, great, now Armageddon is upon us...
Record Dow! Whee!

Those were the good old days when I was feeling so rich I quit my job just as the market feel apart . I wish I had that money back I would really enjoy it but having been through this before I know how it goes . You get a little back and then you lose it and little by little you get more back but it may take a long time .
__________________

__________________
Moemg is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
New Year's dinner Khan Other topics 26 01-02-2009 03:10 PM
New Year's Eve plans? simple girl Other topics 77 12-31-2008 07:27 PM
Your New Year's Resolution TromboneAl Other topics 43 01-05-2008 01:06 PM
Survey on New Year's Resolutions Patient Investor FIRE and Money 4 12-28-2007 09:48 PM
This year's COLA 2.4% PBAT Young Dreamers 0 09-25-2007 04:25 PM

 

 
All times are GMT -6. The time now is 08:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.