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Old 10-29-2009, 07:11 PM   #81
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What happened? No follow up post? Didn't the market movement leave us all speechless?

I was down 2% yesterday, despite being only 70% in equities. Made back most of it today! I have not made any trade rebalancing in a couple of months now, and will not be for a while.

One of my positions, GoodYear, got hammered yesterday and today after its earnings report. But with it being less than 0.5% of the portfolio, I can stand the pain and be able to watch in amazement. It must be that people with cars and RVs, yes those class As with expensive tires, have been delaying replacement of their tires. They will just have to learn it the hard way. Let's see if they would remember that the right corrective action is to step on the gas after a blowout.
It's just bobbling around Dow 10,000, the way it always seems to have done in the past. Reaching 10,000 again was a milestone of sorts. We need to be patient for a while.
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Old 10-29-2009, 07:19 PM   #82
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By the way, Vanguard is the 3rd largest holder of Goodyear (GT), while Fidelity is #1. So, many of us here own this stock without knowing it.

I like to run my own "mutual fund" by owning stocks directly. That way, I "know" what is going on. It's part of the fun of investing. An analogy is this. Many people like to eat sausage, but do not want to know what goes into it and how it is made. I get dirty and make my own sausage.
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Old 10-29-2009, 07:25 PM   #83
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By the way, Vanguard is the 3rd largest holder of Goodyear (GT), while Fidelity is #1. So, many of us here own this stock without knowing it.

I like to run my own "mutual fund" by owning stocks directly. That way, I "know" what is going on. It's part of the fun of investing. An analogy is this. Many people like to eat sausage, but do not want to know what goes into it and how it is made. I get dirty and make my own sausage.
Before I met Frank, I dated a Creole man from St. Martinville who made his own boudin. I asked him what he put into it, and he said that if he told me I'd probably never eat boudin again.
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Old 10-29-2009, 07:40 PM   #84
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Hmm... Have you looked at your MF mailings to see what is in your beloved Wellesley and Wellington?
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Old 10-29-2009, 07:47 PM   #85
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Hmm... Have you looked at your MF mailings to see what is in your beloved Wellesley and Wellington?
It might be like boudin! (yes, I've looked but without dwelling on it... )
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Old 10-29-2009, 07:50 PM   #86
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Exactly. What you don't know can't hurt you!
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Old 10-29-2009, 09:02 PM   #87
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Well, we did our part to help Goodyear, as we bought $3000 worth of high performance tires this past August for our motorhome.

We did have to call Goodyear directly to actually get these tires. But then Goodyear made sure our tire shop and their distributor got them to us.

And the date codes were only 5 weeks old when they were installed - talk about fresh tires!!!!!

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Old 10-29-2009, 09:04 PM   #88
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If you want to know what your mutual funds own, use the M* "stock intersection" function of the portfolio X-ray. You do have to have a subscription to use this.

It is an amazingly powerful and useful feature. I definitely take a peak at least once a year.

Audrey

P.S. Amazingly Goodyear did not show up in my stock intersection! I have own a lot of mutual funds, so I'm very surprised.
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Old 10-29-2009, 09:19 PM   #89
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Hmm... Don't you need some new batteries too? Does Exide have the size your RV needs? (I got some Exide stock :-) They are supposed to return to profitability next year)
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Old 10-29-2009, 09:27 PM   #90
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Hmm... Don't you need some new batteries too? Does Exide have the size your RV needs? (I got some Exide stock :-) They are supposed to return to profitability next year)
Not yet - our batteries are doing very well. We routinely test them, and we have a "watering system" for keeping them topped off which I'm told prolongs the life quite a bit.

We have a huge battery bank - 8 house batteries (golf cart type). Two chassis batteries of course.

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Old 10-29-2009, 10:00 PM   #91
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Well... So no new batteries...

How about some solar panels to keep those batteries charged when you boondock?

Wait. I do not have any solar stocks. What else can I sell you

Yes! I know there's something. I still have several energy stocks, oil services and drillers. It's gonna cost you to fill that baby up. Yes, it will. Crude is up to $80/barrel already
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Old 10-29-2009, 10:02 PM   #92
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We have a huge battery bank - 8 house batteries (golf cart type). Two chassis batteries of course.
NW, here is an example of how much variability there can be in weight and distribution between RV's built on the same chassis. One Class C manufacturer might have only one 12V house battery while another might spec two or even four 6V batteries. At 60+ pounds each, this can result in significantly different weights and handling.
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Old 10-29-2009, 10:19 PM   #93
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Well... So no new batteries...

How about some solar panels to keep those batteries charged when you boondock?

Wait. I do not have any solar stocks. What else can I sell you

Yes! I know there's something. I still have several energy stocks, oil services and drillers. It's gonna cost you to fill that baby up. Yes, it will. Crude is up to $80/barrel already
We already have a big enough solar panel - you do eventually run out of roof real-estate!

Don't worry - we had to take an extra trip for service and it required a refuel so we paid $2.76/gal for 75 gals of diesel - arrrrgh! So long to the sub $150 fuel fillups! It was nice while it lasted.

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Old 10-30-2009, 07:51 PM   #94
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I have been busy w*rking all day, and just now got home to check my portfolio.

My, my, my... It's not funny anymore. With the job situation being so bad, the sour mood is going to affect everybody. If we all tighten our purse string, it will be tougher for the economy to recover. Yet, how can one feel good to spend money in this environment?
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Old 10-31-2009, 09:26 AM   #95
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I have been busy w*rking all day, and just now got home to check my portfolio.

My, my, my... It's not funny anymore. With the job situation being so bad, the sour mood is going to affect everybody. If we all tighten our purse string, it will be tougher for the economy to recover. Yet, how can one feel good to spend money in this environment?
I have not checked it yet .. cannot bear the thought of seeing the decline in value. Yea .. it would be interesting to see if people are starting to spend more as the Xmas holidays are on the horizon.
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Old 10-31-2009, 10:35 AM   #96
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Hey folks - we just had a few down days after an incredible market run. I can't believe how down in the dumps folks are already. Don't you know that a correction is actually a healthier thing to happen after such a run? Really - this stuff is par for the course.

Is this really going to make all the consumers run back into their shell and stop spending after they started again? Well - based on the mood of this thread maybe they will!!!!

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Old 10-31-2009, 10:43 AM   #97
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Hey folks - we just had a few down days after an incredible market run. I can't believe how down in the dumps folks are already. Don't you know that a correction is actually a healthier thing to happen after such a run? Really - this stuff is par for the course.
Well, Audrey, I'll start with the good news here: Yesterday was the last business day of the month, meaning that I bought more shares in my 401K yesterday. As far as I'm concerned, the market can always tank on the 15th and the last day of the month.
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Old 10-31-2009, 11:28 AM   #98
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... meaning that I bought more shares in my 401K yesterday. As far as I'm concerned, the market can always tank on the 15th and the last day of the month.
I put up a sticky note to rebalance a little next week from bonds to stocks. Too late? Who me, thinking about market timing.
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Old 10-31-2009, 12:16 PM   #99
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I can't believe how down in the dumps folks are already. Don't you know that a correction is actually a healthier thing to happen after such a run? Really - this stuff is par for the course.
Hey, I am not selling anything, and would not be surprised whether the Dow will close at 9000 or 11,000 at year end. But I'd rather see the latter. Wouldn't you?

Yeah, let those young accumulators buy high! I'll sell rebalance onto them at Dow 12,000, if I may.

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Is this really going to make all the consumers run back into their shell and stop spending after they started again? Well - based on the mood of this thread maybe they will!!!!
Well, even though I have no plan to buy a "nice gently used diesel pusher RV", just the fact that the market god deducted almost that much off my net worth in less than 2 weeks got to slow me down some. Yes, spend, spend, spend. You go first.
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Old 10-31-2009, 12:28 PM   #100
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Yes, spend, spend, spend. You go first.
Oh, we're settled down here for a month in the Rio Grande Valley, so spending will be light since we are not moving the motorhome and getting a monthly camping rate for once. And no RV service scheduled either!!!!!

We'll be ramping back up in December with schedule doctor/dentist visits and then driving to the east coast for Xmas.

Maybe the fuel prices will come back down by then? False hope, I'm sure!!!!!

Audrey
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