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05-21-2010, 06:57 AM
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#101
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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: 50,022
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It dawned on me last night that all this analysis and hand-wringing about the market sell-off is easily explained by simply looking at the calendar. Nothing more than gamblers speculators investors following the advice of their Financial Advisors to "Sell in May and go away". 
__________________
Numbers is hard
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05-21-2010, 07:08 AM
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#102
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Austin
Posts: 1,142
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Maybe it is time for another look at my favorite chart
__________________
Start by admitting
from cradle to tomb
it isn't that long a stay.
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05-21-2010, 07:36 AM
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#103
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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 Quote:
Originally Posted by haha
I am not the world's best board historian, but as I remember most negative forecasts or reports of negative forecasts have been riduculed all along.
I believe that Firecalc and also the whole (doubtful) SWR idea have made people focus almost exclusively on the market value of their holdings, instead of the earning and dividend power of the portfolio. So a fall in market value implies a lower standard of living, and people who are very eager to leave work do not like this.
This focus on market values is suboptimal, unless one plans to annuitize. Building a retirement on a total return liquidating model is very risky, and will every now and then create havoc.
Platitudes are also very popular, such as "never bet against America". As if America or any other process were an unchanging stable value for all eternity. America today is completely different from America 150 or 100 or 50 years ago, as is most of the rest of the world and the world's competitive and economic and geopolitical realities.
Ha
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Unless secretly - in your own heart you really are a cheap SOB and wish you had learned to speak Norwegian.
Here's to old pickup's with rusty fenders, Wal Mart overalls in hard times and super duper Tractor Supply house brand when times are good.
heh heh heh - meanwhile balanced index on full auto. And pssst Wellesley for those who still like manual transmissions.  .
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05-21-2010, 09:23 AM
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#104
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Quote:
Originally Posted by REWahoo
It dawned on me last night that all this analysis and hand-wringing about the market sell-off is easily explained by simply looking at the calendar. Nothing more than gamblers speculators investors following the advice of their Financial Advisors to "Sell in May and go away". |
Oh..I've got it now.... 
Come back in June and whistle a tune?....
__________________
There's no need to complicate, our time is short..
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05-21-2010, 10:12 AM
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#105
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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: 50,022
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I suspect June is too soon,
come back in the Fall and we'll celebrate, ya'll... 
__________________
Numbers is hard
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05-21-2010, 10:20 AM
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#106
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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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Quote:
Originally Posted by REWahoo
I suspect June is too soon,
come back in the Fall and we'll celebrate, ya'll... |
Then by December
We won't even remember...
And next year in May
we'll forget and just stay.
(again)
__________________
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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05-21-2010, 10:25 AM
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#107
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Quote:
Originally Posted by unclemick
Unless secretly - in your own heart you really are a cheap SOB and wish you had learned to speak Norwegian.
Here's to old pickup's with rusty fenders, Wal Mart overalls in hard times and super duper Tractor Supply house brand when times are good.
heh heh heh - meanwhile balanced index on full auto. And pssst Wellesley for those who still like manual transmissions. . |
What? No Saints back to the Superbowl!! Or did you cross that off your bucket list?
DD
__________________
At 54% of FIRE target
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05-21-2010, 10:26 AM
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#108
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by DblDoc
What? No Saints back to the Superbowl!! Or did you cross that off your bucket list?
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Drew Brees is this year's Madden cover.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-21-2010, 10:41 AM
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#109
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Ok…so it’s…..
Sell in May and go away.
Come back in June and whistle a tune.
I suspect June is too soon,
come back in the Fall and we'll celebrate, ya'll.
That’s a long time to wait ‘til October
and finally be able to remain sober.
Then by December
We won't even remember...
And next year in May
we'll forget and just stay.
(again)
__________________
There's no need to complicate, our time is short..
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05-21-2010, 10:51 AM
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#110
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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long term long term long term...
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05-21-2010, 11:46 AM
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#111
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Anyone else trading mutual funds today? I’ve got a Roth conversion pending, going from ginnie mae to large cap. Large enough amount to be interesting but not so big to be scary. My usual luck will see an up market at COB, I’m guessing the ginnie will be down 4 to 6 cents and the large cap will be up 80 cents.
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05-21-2010, 11:57 AM
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#112
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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: 50,022
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Quote:
Originally Posted by CuppaJoe
Anyone else trading mutual funds today?
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Nope, I'm strapped in for the roller coaster ride. I've got my lap belt cinched so tight I'm afraid it may cut off blood circulation to my legs.
__________________
Numbers is hard
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05-21-2010, 12:04 PM
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#113
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by CuppaJoe
Anyone else trading mutual funds today? I’ve got a Roth conversion pending, going from ginnie mae to large cap. Large enough amount to be interesting but not so big to be scary. My usual luck will see an up market at COB, I’m guessing the ginnie will be down 4 to 6 cents and the large cap will be up 80 cents.
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I went ahead and finished topping off our IRA's yesterday while the market was way down. And bought a little bit of SCZ (international small cap) with some spare change laying around the Fidelity account. Unfortunately the IRA's are at Vanguard and I didn't have any cash at VG so I get today's trade date and pricing as of today's close of business. All this activity amounts to less than a percent of the total portfolio, so no biggie.
My fingers are crossed for five more years of a depressed stock market and "the death of equities". So I can buy lots more stuff cheap. Sorry if that wrecks everyone else's ER plans.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-21-2010, 12:19 PM
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#114
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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05-21-2010, 12:52 PM
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#115
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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05-21-2010, 12:58 PM
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#116
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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Quote:
Originally Posted by Dawg52
You guys worry too much.
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Alfred E Newman.JPG
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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05-21-2010, 12:59 PM
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#117
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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It must be 5:00 p.m. somewhere.
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05-21-2010, 02:20 PM
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#118
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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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Me too, plus my shoulder harness and crash helmet, and I'm drawing my breath for a wild-eyed, "EEEEEEEK! EEEEEYAAAHHHH!"  when we next plummet into the abyss.  There is always a next time, after all, both for ups and for downs.
__________________
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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05-21-2010, 03:05 PM
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#119
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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I've just cranked up my ebay sales and put the Ipad on hold !
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