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09-07-2012, 11:41 AM
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#1
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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dow down but I am up
dow down slightly but I am up on everything...bonds stocks reits forein.. average .5% today
First time I have seen this happen .
I usually move in the same direction at about half speed.
__________________
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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09-07-2012, 12:26 PM
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#2
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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Well, keep in mind that the Dow is a weighted index of 30 industrial stocks. And because it is weighted, 9 stocks (IBM, Chevron, 3M, McDonalds, ExxonMobil, Caterpillar, United Technologies, WalMart and Boeing) make up 50% of the weight. The complete breakdown is here. Some stocks, like Amazon, Google and Apple, are not even on the list.
That being said, my portfolio seems to move closer to the Russell 2000 than the Dow. On the other hand, since DW and I still work for Dow Components, it remains important to me. I think that I use it most as a reminder to check in on my portfolio.
__________________
Angels danced on the day that you were born.
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09-07-2012, 12:53 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,746
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I find that if I take the average of the Dow, Nasdaq, and S&P500, that's usually more or less how my portfolio does in any given day. However, I'm weighted a bit heavily in Apple (AAPL) and Cedar Fair (FUN), so if one, or both of those decide to go off on their own tangent, it can throw a curveball into things.
FWIW, my Scottrade portfolio is up about 0.4% today. And actually, I kinda hope the market dips a bit, because the automatic investment into my 401k goes through this evening.
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09-07-2012, 12:54 PM
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#4
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Our portfolio is once again dominated by DW's company stock. If that stock is up, we're up. If that stock is down, we're down. Today it is up.
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09-07-2012, 01:36 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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I only follow the S&P and Nasdaq to approximate my domestic index fund values. The DOW doesn't mean much in my case.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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09-08-2012, 12:46 AM
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#6
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Recycles dryer sheets
Join Date: Apr 2007
Posts: 410
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Our NW also took a nice jump in the + direction yesterday -- also about .5%, but as the total number is substantial that is quite a bit in pure dollar terms.
We're closing in on a couple of major milestones, including crossing into 7 figures on investible assets. Property is the other big chunk of our net worth.
I'm not gonna shout "wh*********" as I'd like to hit those targets this year. But if we don't that won't necessarily be a bad thing either -- just another buying opportunity.
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09-08-2012, 06:15 AM
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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: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,374
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Dow doesn't mean much to me either as my stocks are much broader than the Dow. My stocks tend more to follow the S&P 500 than the Dow or Nasdaq.
.44% yesterday for me , but I do have a sense of irrational exuberance - we have gone up too much too fast.
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09-08-2012, 08:57 AM
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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 2008
Location: On a hill in the Pine Barrens
Posts: 9,722
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Vanguard energy fund VGENX was up 2% on Fri. I didn't consider that too much, as there has been a 3-month trough previously. It feels like an over-correction for the day, and it must unsettle the pundits who write about Sept as a slow month, historically.
Still, I have confidence in the big companies to muddle through. Fact is there are huge cash reserves, and these companies are picking their spots for investment in research, resources, infrastructure.
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09-08-2012, 09:17 AM
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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: Jan 2007
Location: New Orleans
Posts: 47,500
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The Dow is up again, and my portfolio is up too, at another all time high, probably not that unusual of an observation for forum members these days. The satisfaction that I see now in thread after thread, is a welcome change from the angst expressed in some threads back in 2008-2009.
Wh.... Wh..... Wh.... Oh well, I'll wait a bit.
__________________
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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09-08-2012, 08:02 PM
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#10
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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: 36,374
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Quote:
No...... please don't do dat
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09-08-2012, 09:36 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: Jul 2003
Location: Kansas City
Posts: 7,968
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09-09-2012, 07:25 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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Quote:
Originally Posted by pb4uski
.44% yesterday for me , but I do have a sense of irrational exuberance - we have gone up too much too fast.
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Then why not rebalance now, instead of lets say waiting for the end of the year??
TJ
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09-09-2012, 08:08 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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I'm up 2x my contributions to my TSP so far this year, so can't complain about that! The downside is I don't have nearly the balance I oughta have at this point in my life. I've contributed a little over $15k so far this year and my earnings are a little north of $30k, for a total of +$45k. Hopefully things will continue to be positive through the end of the year..... .
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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09-09-2012, 07:35 PM
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#14
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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: 36,374
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Quote:
Originally Posted by teejayevans
Then why not rebalance now, instead of lets say waiting for the end of the year??
TJ
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AA isn't that far off of target at this point.
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09-10-2012, 05:25 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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Quote:
Originally Posted by pb4uski
AA isn't that far off of target at this point.
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But that's kinda my point, don't wait for it to be far off, do it now, it might make you feel better if you think the market is going to correct.
TJ
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09-10-2012, 06:15 AM
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#16
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Full time employment: Posting here.
Join Date: Feb 2012
Posts: 648
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I'm interested to see where the market moves this fall/winter... my gut says that everything is still grossly overvalued as we approach the highs we saw in 2007. There is no way that 5 years of printing money in a stalled economy has diluted that bulge enough to warrant the return we've seen. Fundamentally... we need jobs to return before the market grows, which is why I'm scratching my head at this.
As always, there are stocks out their with true value... but they are getting harder and harder to find.
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09-10-2012, 06:39 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: Jun 2007
Posts: 13,228
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I just checked my performance of the individual stocks I've been holding and occasionally trading vs my mutual funds, which are primarily the VG total stock market and international index. My picks were quite a bit off for all time periods, and I finally decided that I'm not paying enough attention to managing them and even if I was, I'd still probably be lagging. The final blow was thinking that Facebook had bottomed at 21.53. So after a few days of reflecting, I sold all but one big gainer that would put me over the 15% line and am moving the money into the index funds.
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