Maybe we should add "rebalancing" and "taking some off the table" to the lists...
Not to highjack this thread, but my finger has been hovering over the Exchange button in my equities index fund account all morning. I should rebalance, but putting more money into bonds right now seems dangerous, and I already have too much cash. What to do? What to do?
Maybe this idea would be better for those who posted in that other thread that they feel in touch with their inner child (I didn't).... but my Wii has provided me with many delightful hours of recreation.
My inner-kid just won this battle a couple of weeks ago. The old system was causing more nightmares than I could stomach and had to be upgraded. For the first time I let the priorities of needs overrule the price concerns. Quad processor, 4 gigs memory, 3 Tb HD's in a RAID 5 array, and a video card that made my eldest (the computer geek) turn green with envy. The reward is that I actually get to use my system to do what I want and need it to do. I still have tons of video rendering I need to do, and I no longer put it off because the system can't handle it very well. Instead of hitting "render" and going away for several hours, now I can render in the background, listen to music, download an online video, and cruise the internet while Quicken is downloading transactions. I still looked at bang for the buck when picking things, it's just that I decided the bang was important this time and didn't always pick the cheaper route. I hit the "shuffle" key sometimes and see all the concurrently running programs smoothly doing their thing and I think "that's how it's supposed to be."
Yeah. Problem is, everything else stinks now, too. I think that's part of the reason for the runup in stocks. Quality bonds yield 4% and have a lot of interest rate risk and inflation risk at current levels and cash is yielding 1% or less.
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Great post Nords!!!!
Not to highjack this thread, but my finger has been hovering over the Exchange button in my equities index fund account all morning. I should rebalance, but putting more money into bonds right now seems dangerous, and I already have too much cash. What to do? What to do?
We've been good at the "taking off the table" part-- sold a few more covered calls, made some charitable contributions of appreciated stock (easy to find appreciated stock these days!), set our share's dividends to be paid in cash vice reinvested, and sold a few more shares of a small-cap value ETF. AAs are back in the middle of their bands.
The way we most often hear it expressed is "All y'alls are from Hawhyuh and yer vacationin' heeyer?!?"
That's about as reliable a market indicator as Ziggy buying USO.
We finally pulled the trigger this morning and moved 4% from equities to, gag, a money market fund. Still looking for some way to earn more than 0.52%. Maybe it is time to look into USAA CDs.
If retired, a good scanner is only a couple of hundred dollars and you can get a 1 tb drive for about 100 today. So rather than pay someone get a scanner (I have an epson 4490) It works great, scans prints as well as slides. (Slides if scanned at 4800 dpi do take about 12 mins for 4 slides)
I think that *is* the reason. To some degree the rally was simply correcting for the fact that stocks were pricing for economic armageddon, and when the worst case didn't seem to materialize they repriced somewhat higher.Perhaps one of the reasons that the market has been on such a tear lately is that investors look at the options and...
Khan said:
Khan said:
