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Market timers - the market is going up this year
06-04-2016, 09:25 AM
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#1
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Market timers - the market is going up this year
I know because BIL just sent me an email saying he was pulling all his money out because "a guy" told him the market was going to crash later this year.
Use this info at your own risk. But it confirms my position in the markets.
(On a side note he also asked me to assess a variable annuity he's considering. I pointed out the many flaws and gave him a list of questions to ask the FA who was pitching it to him.)
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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06-04-2016, 09:53 AM
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#2
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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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Cool!
__________________
Retired since summer 1999.
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06-04-2016, 10:34 AM
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#3
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Recycles dryer sheets
Join Date: May 2016
Location: Orange County Ca
Posts: 162
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Maybe your BIL could be included as part of a contrarian investment panel for the community 
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06-04-2016, 11:10 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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A panel? We don't need no panel, we got our very own perfect record oracle - W2R!
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06-04-2016, 11:19 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Hot dog! I'd LOVE for the market to take off this year and prove all the naysayers wrong. It's fun to check my portfolio each day during a rising market, too.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-04-2016, 12:54 PM
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#6
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Just yesterday I noticed that my couch potato portfolio was at an all-time high. I'll keep my hands off and let it do it's thing, which I think will be a steady creep upwards with some variability along the way as usual.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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06-04-2016, 01:30 PM
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#7
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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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 Quote:
Originally Posted by ejman
A panel? We don't need no panel, we got our very own perfect record oracle - W2R!
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She only provides the sell signal!
We do need a buy indicator.
__________________
Retired since summer 1999.
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06-04-2016, 04:41 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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Glad to hear it about the rally. I'm staying the course either way.
__________________
"The mountains are calling, and I must go." John Muir
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06-06-2016, 12:10 PM
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#9
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gone traveling
Join Date: Oct 2007
Posts: 1,135
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Good one Rodi. I'm all in now !!!
Thank you BIL for the tip !!!
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06-06-2016, 12:35 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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looks like a pre-market entry this morning would have been excellent timing! At least for now... 
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06-06-2016, 10:05 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Zzzzzzzzzz...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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06-07-2016, 08:55 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,417
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Quote:
Originally Posted by audreyh1
She only provides the sell signal!
We do need a buy indicator.
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The buy indicator is my "smarter than everyone else" neighbor who liquidated all (and I mean, all) her holdings the third week of February 2009.
I'm keeping watch and will advise once she makes another move!
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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06-07-2016, 09:21 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Another indicator is the guy who proudly told me he's 100% out of the market. He's bought whole bunches annuities!
I didn't ask any more questions.
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