So thrilled with the market right now!

[NW-Bound]

I just sold 6 covered call contracts on various shares I own.

If the market goes up again, I will sell more, and at higher strike prices.

 

[joeea]

Just the way I look at it. What I mean is that the year/economy/market was going along quite well until October. Then the Fed made statements and the market tumbled, in my view, needlessly. I don't see the Oct/Dec drop as a real reflection of the market's/economy's health or potential, just an artificial downdraft caused by some poorly timed statements.

Had the Fed made those comments in April of '18 we'd have had time to recover, as evidenced by our current surge/compensation.

Again, YMMV. Just my personal perspective.

Got it. So you blame the Fed's statements. And that's "artificial".
Interesting. Thanks.

 

[Lsbcal]

Might buy an Apple Watch.

 

[ziggy29]

Wh....

Wh......

Wh.........

No, I can't say it. Not until I've decided to drop my AA to 40/60 or less.

 

[audreyh1]

If you take money out, and then the market crashes, doesn't that make you a genius?

Exactly!!!!

 

[W2R]

I've been wanting a Dodge Charger for years now, but kept procrastinating. But, today I started smelling a slight hint of antifreeze, in my 2003 Regal. It goes in the shop on Wednesday. Hate to say it, but there's a part of me that's hoping for some major repair, to FORCE me to ditch it, and upgrade.


Of course, the moment I do that, the market will crash and I'll whine about buying a new car at the wrong time!

I found myself staring longingly at the Toyota dealership as we drove by today. You know, the one where they have about a billion shiny, brand new Highlanders parked, waiting to go on a test drive....

But you know, this is stupid. I don't even need a new SUV in the first place, and also six months ago I thought I wanted a Murano.

Instead of going on a test drive, I went and got a safety inspection sticker for my Venza (they call them "brake tags" here). The one I had would be expired before the end of the month.

 

[Moemg]

If this is going to be your last car why a highlander ? I would buy the Toyota Supra that I drooled over in my younger years and drive it for a year or two before I bought a sensible car .https://www.toyota.com/upcoming-veh...al&gclid=CIT_l927suECFUusgQodup4KXg&gclsrc=ds

 

[Walt34]

Made me look. The IRA at Vanguard is at an all-time high right now. DW wants recessed lighting in the kitchen. So maybe we should spend some money on nonessential stuff. Better that than have it all pass to heirs.

And it will make DW smile. That is never a bad thing.

 

[ziggy29]

And it will make DW smile. That is never a bad thing.

"Happy wife, happy life." Isn't that what they say?

 

[Lsbcal]

I found myself staring longingly at the Toyota dealership as we drove by today. You know, the one where they have about a billion shiny, brand new Highlanders parked, waiting to go on a test drive....

But you know, this is stupid. I don't even need a new SUV in the first place, and also six months ago I thought I wanted a Murano.

Instead of going on a test drive, I went and got a safety inspection sticker for my Venza (they call them "brake tags" here). The one I had would be expired before the end of the month.

A solution that works for me is when I feel really flush I buy some modestly costly thing that satisfies the urge to splurge. Or I take DW out for a dinner. Anything to satisfy that emotion.

For me it might be an Apple 4 watch as our son got me a Fitbit Versa (for a gift) but the band fell off after 2 days and cannot get it back on. So I could return the Fitbit and trade up to the Apple for a modest amount.

 

[NW-Bound]

Made me look. The IRA at Vanguard is at an all-time high right now. DW wants recessed lighting in the kitchen. So maybe we should spend some money on nonessential stuff...

Anything beyond the basic shelter (like in the photo below) and a few pieces of bread a day is nonessential. It's all nonessential.

 

[RobbieB]

Spending on nonessential stuff is the most fun!

 

[Mdlerth]

Pardon me, do you have any Grey Poupon?

Anything beyond the basic shelter (like in the photo below) and a few pieces of bread a day is nonessential. It's all nonessential.

I've been perfectly comfortable in similar accommodations during deer camp. Except, in the photo, the overturned cooler is devoid of beer, and I don't see the campfire pit.

 

[NW-Bound]

Indeed, we spent most of our life working to get money to pay for more nonessential "stuff". For just the basic sustenance, people in the developed world do not have to work that hard compared to people elsewhere in the world. In fact, many people manage to survive while not working at all.

But back on the thrill of the market, after making the post below, I sold 2 more option contracts. I may sell more tomorrow. I have gotten $30K from selling covered call contracts YTD, and not getting too many assigned. In order to keep this going on a continuing basis, I need to sell more to get $10K/month.

I just sold 6 covered call contracts on various shares I own.

If the market goes up again, I will sell more, and at higher strike prices.

 

[marko]

Anything beyond the basic shelter (like in the photo below) and a few pieces of bread a day is nonessential. It's all nonessential.

Oh yeah! THAT'S the lifestyle I'm after.

YMMV but my 'essentials' are a bit more uhhhh, broadly defined.

 

[steelyman]

For me it might be an Apple 4 watch as our son got me a Fitbit Versa (for a gift) but the band fell off after 2 days and cannot get it back on. So I could return the Fitbit and trade up to the Apple for a modest amount.

I’ve heard that changing the band on a Versa is a real problem. I have one and wear it constantly but fortunately the original band fit correctly (it comes, or mine did, with two different sizes).

I’m guessing the same is true for the newer Versa Lite.

 

[Lsbcal]

I’ve heard that changing the band on a Versa is a real problem. I have one and wear it constantly but fortunately the original band fit correctly (it comes, or mine did, with two different sizes).

I’m guessing the same is true for the newer Versa Lite.

I looked at YouTube and the band should be easy to fit on. I think mine is just a manufacturering defect.

I decided what I really need is an Apple Watch with cellular. That’s because I run in a state park and often nobody is around and there are lots of rocks on the trails. I fell running a month ago and at 71 taking precautions is a good idea. And what the heck, the market is up !

 

[steelyman]

I looked at YouTube and the band should be easy to fit on. I think mine is just a manufacturering defect.



I decided what I really need is an Apple Watch with cellular. That’s because I run in a state park and often nobody is around and there are lots of rocks on the trails. I fell running a month ago and at 71 taking precautions is a good idea. And what the heck, the market is up !

I think you should go for it! (the Watch)

Having cellular for runs is a good idea. I have to pair my Versa with my iPhone to get accurate GPS tracking.

Not sure if you were unlucky in manufacturing, it really seems a common complaint.

 

[Lsbcal]

I think you should go for it! (the Watch)

Having cellular for runs is a good idea. I have to pair my Versa with my iPhone to get accurate GPS tracking.

Not sure if you were unlucky in manufacturing, it really seems a common complaint.

Yep, thanks. Running with a phone is like putting a collar on a wild animal...me, wild and free. GPS is something I have always wanted but was too cheap to get. No more cheap for this animal. After my hard fall (was sore in the ribs for a few weeks) I realized I am more mortal than I thought.

 

[steelyman]

Yep, thanks. Running with a phone is like putting a collar on a wild animal...me, wild and free. GPS is something I have always wanted but was too cheap to get. No more cheap for this animal. After my hard fall (was sore in the ribs for a few weeks) I realized I am more mortal than I thought.

One more suggestion: buy yourself some Bluetooth earbuds to match. You’ll be The Flash!

 

[Lsbcal]

One more suggestion: buy yourself some Bluetooth earbuds to match. You’ll be The Flash!

If the market goes up a few more percent that is a good idea

On the other hand, DW reminds me Fathers Day is coming.

 

[Rianne]

If the market goes up a few more percent that is a good idea

On the other hand, DW reminds me Fathers Day is coming.

Yes but, I keep thinking this will happen.

 

[Lsbcal]

Yes but, I keep thinking this will happen.

Cute video.

But it won't likely happen until the market has a hockey puck rise as the bull snorts. That's my Guess with a capital "G". Bull markets end at some point. Many smart people are forecasting anemic returns into the future. They could be right but I plan on exiting the roller coaster somewhat on the down slope ... if I'm lucky.

 

[W2R]

(No, this is not an April Fool's Day joke....)

The Dow may not be at a record high today, but at 26,258 it's getting downright stratospheric.

My investment portfolio has hit an all time high once again today, despite being very conservatively invested, despite being retired and not in accumulation phase, and despite buying my wonderful Dream Home in the summer of 2015. I know that the stock market is a roller coaster, but still, I sure never expected the market to stay so strong for the past ten years.

As you may notice, I did not utter the dreaded "W" word in this post (as I did back in 2007), so maybe this time it will keep going up, and up, and up! How's your portfolio doing?

Well, the Dow may have gone down a (very) few points yesterday, but my portfolio went up a little more, so I had ANOTHER all time high to record.

When the market goes down, we are all so glum and negative. That's why I love to when the reverse is the case. If we have a right to be upset during a crash or mini-crash, then we have every right to be happy when the market is soaring. And, I am not afraid to say that I am as happy as a barrel of monkeys....

(EDIT: Oops! I just checked, and the idiom is not "happy as a barrel of monkeys"; it is "more FUN than a barrel of monkeys". So, I'll correct this post to say that the market is more fun than a barrel of monkeys this week, and I am correspondingly happy.)

Anyway, here are the monkeys. You can visualize them all dressed in suits and on the floor of the NYSE. As for me, it's time to go browse the "Blow That Dough" thread I guess.

 

[Lsbcal]

Good attitude W2R. No spilled milk here. Up, up and to the right ... while spending at least a little of the gains.