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Old 01-08-2018, 05:24 PM   #161
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Troll? Wow yup thatís me...
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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Old 01-08-2018, 06:13 PM   #162
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Originally Posted by rayinpenn View Post

Troll? Wow yup thatís me...


Just kidding Ray, enjoy your posts on parenting, work, life, and the human touch.
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Old 01-08-2018, 06:15 PM   #163
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Wow tuff audience here. Now I am a troll? Sweet Moses shame on you!
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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Old 01-08-2018, 06:43 PM   #164
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Troll? I thought he was actually an old inmate named Raymond who had internet privileges.
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Old 01-08-2018, 07:21 PM   #165
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Troll? I thought he was actually an old inmate named Raymond who had internet privileges.
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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Old 01-08-2018, 07:39 PM   #166
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Okay, I've been persuaded. I've exchanged my entire beanie baby collection for bitcoins.
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Old 01-09-2018, 04:34 AM   #167
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Internet Troll defined here:
https://en.wikipedia.org/wiki/Internet_troll

That ain't ray.
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Old 01-09-2018, 01:59 PM   #168
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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 weíve 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 donít know anything other then Iíd like to lock in some gains. As hard as it was to do it -Itís done.
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Old 01-09-2018, 02:09 PM   #169
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Originally Posted by rayinpenn View Post
Ive been thinking about it.. yeah Me a buy and hold guy goes over to the other side. Why? Scared about the economy - basically weíve 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 donít know anything other then Iíd like to lock in some gains. As hard as it was to do it -Itís done.
What specifically worries you about the economy?
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Old 01-09-2018, 03:58 PM   #170
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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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Old 01-09-2018, 04:09 PM   #171
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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 weíve 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 donít know anything other then Iíd like to lock in some gains. As hard as it was to do it -Itís done.

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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Old 01-09-2018, 04:55 PM   #172
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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.
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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.
from investopedia
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Old 01-09-2018, 04:56 PM   #173
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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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Old 01-09-2018, 06:25 PM   #174
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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.
from investopedia

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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Old 02-09-2018, 02:27 PM   #175
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good move Ray - DW is in bed blaming me for the few hundred K we've lost the last week
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Old 02-09-2018, 02:39 PM   #176
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good move Ray - DW is in bed blaming me for the few hundred K we've lost the last week
Did you sell or something?
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Old 02-09-2018, 02:40 PM   #177
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Did you sell or something?
no but Ray did, about a month ago
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Old 02-09-2018, 02:44 PM   #178
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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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Old 02-09-2018, 02:54 PM   #179
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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.
tell that to DW - she's picking out a shopping cart and looking for a blanket
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Old 02-09-2018, 03:02 PM   #180
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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.
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