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11-18-2012, 04:57 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,587
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Only thing I've done in preparation of "fiscal cliff", if it happens, is to harvest some long term cap gains to lock in a 0% tax rate. Continuing to do Roth IRA conversions to use up any remaining 15% tax bracket. And put in stop orders if my dividend players take a sudden drop in value. 'Bout it.
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11-18-2012, 05:22 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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I piled up cash earlier this year, mostly based on my view of valuations. I have now started buying a few things i thnk are too cheap. Other than that, I have ignored the Washington circus.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-18-2012, 05:26 PM
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#4
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by brewer12345
I piled up cash earlier this year, mostly based on my view of valuations. I have now started buying a few things i thnk are too cheap. Other than that, I have ignored the Washington circus.
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Same for me.
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11-18-2012, 05:37 PM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by brewer12345
I piled up cash earlier this year, mostly based on my view of valuations. I have now started buying a few things i thnk are too cheap. Other than that, I have ignored the Washington circus.
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That sounds like good advice regardless of a fiscal cliff or a valley or a ski jump...
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-18-2012, 06:21 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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Nope. There's no fiscal "cliff" to begin with, it's self imposed and they can push it back just like they've skirted other (media hyped) deadlines in the past. Remember the debt ceiling and super committee imperatives? Yeah right. They'll need to come to grips with the debt/deficits sooner or later, but as for any actual date cliff, hogwash...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-18-2012, 06:39 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: Feb 2006
Location: Washington, DC
Posts: 11,328
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I liquidated some equities a while back so I have most of next year's cash already out. Hopefully, things will normalize by mid year. Or not.
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Idleness is fatal only to the mediocre -- Albert Camus
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11-18-2012, 06:49 PM
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#8
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 968
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We also cashed in some long term gains to lock in a 0% tax. That resulted in us having 3 years of cash (one full year of which will be "pulled" for 2013) instead of 2, but we are pre- 59.5 for a few years yet, and will use that cash in year 3. Given the environment, we are comfortable with this.
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11-18-2012, 07:24 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Preparing to rebalance (it is the end of an election year), I sold some equities. Since it took several days for the cash to appear in the MM account, I started to think that I will wait a little while to see what happens. There is a 50% chance there may be a buying opportunity coming up. I haven't had this much cash on hand for a long time. The worst thing that can happen is that my target equities go up. After this year's run-up, that would not feel too bad.
Still targeting 100% equities, 50/50 US/non-US.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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11-18-2012, 07:46 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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Staying the course.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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11-18-2012, 10:07 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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No.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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11-18-2012, 10:44 PM
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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: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Quote:
Originally Posted by RE2Boys
Only thing I've done in preparation of "fiscal cliff", if it happens, is to harvest some long term cap gains to lock in a 0% tax rate. Continuing to do Roth IRA conversions to use up any remaining 15% tax bracket. ....
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+1 All I am doing is harvest long term gains to the extent that I can pay 0% tax and will reinvest and effectively just increase my cost basis at no additional cost and reduce future gains (compared to doing nothing). That, and normal rebalancing to my AA which includes a 6% cash bucket (~ 2 years expenses) and the rest is 60 stock/40 bonds; so effectively 6/56/38.
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11-19-2012, 08:55 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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I agree with most on here that it's not a big deal. It's time to do your tax planning; only make trades that are part of smart tax plan.
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_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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11-21-2012, 05:45 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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No reason to change now
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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11-21-2012, 06:26 AM
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#15
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Recycles dryer sheets
Join Date: Nov 2010
Posts: 241
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No. More concerned about getting the asset allocation right as I head into retirement
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11-21-2012, 06:41 AM
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#16
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Recycles dryer sheets
Join Date: Dec 2009
Location: Cleveland
Posts: 344
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For the last 2-3 months I have been investing all my 401k contributions and match into the money market option. I am doing this in anticipation of a market correction around the end of the year at which time I hope to buy stocks at a discount. I thought it a better strategy for now, than dollar cost averaging in for the rest of the year. Didn't touch the vast majority of my assets though.
I am contemplating whether to cash in some more company stock options before year end. Any more income will drive me up another tax bracket but then again, I also expect my taxes to rise next year. I really don't need to the money right now though and my company stock has vastly outperformed the market (up 100% in the last year). I am torn between taking profits and leaving it alone as I expect my company to still outperform the market in the next few years.
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11-21-2012, 08:35 AM
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#17
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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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I'll follow the insiders:
http://www.marketwatch.com/m/story/i...&allPages=True
This probably just adds more conflicting data, but the article is interesting.
I wonder if insiders carried out their strategy earlier in the year.
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11-21-2012, 09:02 AM
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#18
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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Quote:
Originally Posted by target2019
I'll follow the insiders:
MarketWatch.com Mobile
This probably just adds more conflicting data, but the article is interesting.
I wonder if insiders carried out their strategy earlier in the year.
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That sum up my gut to a tee. I think the shoppers will tell the story of how things are going in the next week.
All of my past november moves have been spot on.
I finished my year long project to get to a balanced portfolio yesterday with the final buys. I had also bought in early summer, with sales in april and sept....now I will nap while my portfolio is in the oven....next rebalance is april 2013.
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
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11-21-2012, 01:56 PM
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#19
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Dryer sheet aficionado
Join Date: Jan 2010
Location: Alliance
Posts: 40
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No changes, but will continue to buy when something catches my eye.
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11-21-2012, 06:21 PM
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#20
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 140
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I know I have a lot to learn about finance. So, I don't understand how you can pay 0% tax on long term capital gains. Can you give me an example. Thanks
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