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01-08-2018, 04:24 PM
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#161
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Moderator
Join Date: Oct 2010
Posts: 10,723
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 Quote:
Originally Posted by rayinpenn
Troll? Wow yup that’s me...
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I'm sure most of us never would have even thought the label on you, much less used it. But I did say that "Ray drops to 60% equities" wouldn't generate too much conversation.
Sorry for the first season reference, but I just have to:
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01-08-2018, 05:13 PM
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#162
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Quote:
Originally Posted by rayinpenn
Troll? Wow yup that’s me...
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Just kidding Ray, enjoy your posts on parenting, work, life, and the human touch.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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01-08-2018, 05:15 PM
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#163
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by rayinpenn
Wow tuff audience here. Now I am a troll? Sweet Moses shame on you!
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You had the opportunity to clarify early on when this thread went off the rails.
But now that it is really way off the rails, let's see if it can go 9 more pages. 
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01-08-2018, 05:43 PM
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#164
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Troll? I thought he was actually an old inmate named Raymond who had internet privileges.
__________________
Numbers is hard
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01-08-2018, 06:21 PM
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#165
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by REWahoo
Troll? I thought he was actually an old inmate named Raymond who had internet privileges.
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I know a dog like that, but his name is Max because he was raised by the inmates in the maximum security row here in Huntsville.
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01-08-2018, 06:39 PM
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#166
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 275
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Okay, I've been persuaded. I've exchanged my entire beanie baby collection for bitcoins.
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01-09-2018, 03:34 AM
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#167
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,720
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Internet Troll defined here:
https://en.wikipedia.org/wiki/Internet_troll
That ain't ray.
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01-09-2018, 12:59 PM
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#168
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,867
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Ive been thinking about it.. yeah Me a buy and hold guy goes over to the other side. Why? Scared about the economy - basically we’ve climbed that hill now Id like to enjoy the view. But if your also a buy and holdster and your doing real well - perhaps it gets you to start thinking.. You remember the credit crisis and how bad it got.
I don’t know anything other then I’d like to lock in some gains. As hard as it was to do it -It’s done.
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01-09-2018, 01:09 PM
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#169
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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Quote:
Originally Posted by rayinpenn
Ive been thinking about it.. yeah Me a buy and hold guy goes over to the other side. Why? Scared about the economy - basically we’ve climbed that hill now Id like to enjoy the view. But if your also a buy and holdster and your doing real well - perhaps it gets you to start thinking.. You remember the credit crisis and how bad it got.
I don’t know anything other then I’d like to lock in some gains. As hard as it was to do it -It’s done.
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What specifically worries you about the economy?
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01-09-2018, 02:58 PM
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#170
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Recycles dryer sheets
Join Date: Dec 2016
Location: New York
Posts: 112
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LOL. I did exactly what OP did in August. I cashed out my 401k from 80/20 to mostly CDs and bond fund; however, mine was not prompted by market timing or foreboding. I reduced from 70/30 overall to 55/45 as part of my FIRE plan and needed to cash out my 401k to get to my scheduled retirement allocation.
Perhaps, the way OP presented his news was sensationalistic, but his end portfolio is absolutely reasonable for his age and need to take risk. Enjoy the fruits of your labor!
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01-09-2018, 03:09 PM
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#171
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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Quote:
Originally Posted by rayinpenn
Ive been thinking about it.. yeah Me a buy and hold guy goes over to the other side. Why? Scared about the economy - basically we’ve climbed that hill now Id like to enjoy the view. But if your also a buy and holdster and your doing real well - perhaps it gets you to start thinking.. You remember the credit crisis and how bad it got.
I don’t know anything other then I’d like to lock in some gains. As hard as it was to do it -It’s done.
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Just to be clear, a buy and hold does not hold forever...
First, if there are gains in one side or the other, they rebalance... some will do it more often than others, but they will sell...
Also, almost all buy and hold that I have heard from on here also makes adjustments to their AA over time.... IOW, at this age I am 75/25, and this other age 60/40 and late in life could be 40/60....
The first is decided by the market going up... but it is not 'timing'... timing is taking a chunk of money out of the market with the hope of the market going down and then putting the money back in the market...
So, from your posts I cannot say what you really intend... IOW, you do not seem to really be market timing as you do not say you will get back in, but maybe you will.... you did not say you were rebalancing either, which you might have fallen under but with what you say in OP I would say not... and, even though you are changing your AA, I do not think it is planned, nor do you say you are sticking with one....
BTW, I would take a look at your company stock... there is a way to get the gain out of it 'free'.... that is if you have a good amount of gain... but, you have to take everything out and roll over the other money....
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01-09-2018, 03:55 PM
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#172
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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: 38,145
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My understanding of a buy and hold investor is that they do not rebalance. Certainly Bogle did not view rebalancing as particularly desirable.
Quote:
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There are a variety of ways to find buy-and-hold stocks. The asset allocation is allowed to vary significantly from the starting allocation as risky assets, such as stocks, increase or decrease. Buy-hold is essentially a "do not rebalance" strategy and a truly passive strategy.
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from investopedia
__________________
Retired since summer 1999.
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01-09-2018, 03:56 PM
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#173
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Posts: 1,512
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The question I ask myself: do I need to maximize (or almost maximize) my returns to reach my goal of financial independence. Conversely, will my goal of financial independence be obstructed by a severe market downturn (pick your %).
For me, the goal is NOT the best combination of investment to reach superior returns. My goal is financial independence.
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01-09-2018, 05:25 PM
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#174
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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Quote:
Originally Posted by audreyh1
My understanding of a buy and hold investor is that they do not rebalance. Certainly Bogle did not view rebalancing as particularly desirable.
from investopedia
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I looked at the definition and I think they were comparing it to an active investor, so I would say this definition does not take into account rebalancing... I did not see Bogle in that definition, so you must have seen it somewhere else...
But, I see that another place takes that into account and does say buy and hold does not rebalance... so I will adjust
Buy and Hold Definition & Example | InvestingAnswers
The method is call asset allocation (duh).... but they say that is 'active'...
Asset Allocation Definition & Example | InvestingAnswers
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02-09-2018, 01:27 PM
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#175
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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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good move Ray - DW is in bed blaming me for the few hundred K we've lost the last week
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2018, 01:39 PM
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#176
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Quote:
Originally Posted by Big_Hitter
good move Ray - DW is in bed blaming me for the few hundred K we've lost the last week
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Did you sell or something? 
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02-09-2018, 01:40 PM
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#177
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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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no but Ray did, about a month ago
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2018, 01:44 PM
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#178
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Ok for Ray, but you said "few hundred k you've lost the last week". You haven't lost yet if you haven's sold.
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02-09-2018, 01:54 PM
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#179
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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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Quote:
Originally Posted by Pilot2013
Ok for Ray, but you said "few hundred k you've lost the last week". You haven't lost yet if you haven's sold.
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tell that to DW - she's picking out a shopping cart and looking for a blanket
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2018, 02:02 PM
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#180
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Rays going to get rich(er) on his news letter now that he can show he's prescient to the pending market moves.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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