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Is it time to get out of the market?

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11 hours ago, Leeson said:

Part of the problem is where the money is parked. Roughly 50% is in my wife's TSP. 25% is in Vanguard (Roth and Rollover IRA) and 25% is spread out between Well Trade, 403b, other accounts.

As you know, TSP doesn't give you a lot of options. (75% G Fund, 25% C Fund)

Vanguard money is invested in VFSTX, VBTLX, VBMFX. 

I had been some dividend funds until January. (OSTIX, PONAX). But moved that to cash as well.

 

Gotcha what a bummer. Just another reason why I'm moving my money out of TSP ASAP

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10 minutes ago, Alias Detective said:

You use the annuity to cover basic monthly expenses.  Your round the world trip comes from other sources.  

If I have other money outside of an annuity, don't I still need to earn 4% on that other money? 

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3 minutes ago, Cdub100 said:

Gotcha what a bummer. Just another reason why I'm moving my money out of TSP ASAP

Without a doubt TSP is great for someone that needs to set and forget over 30 years. But, at that 31st year, the warts start to show.

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14 minutes ago, Leeson said:

If I have other money outside of an annuity, don't I still need to earn 4% on that other money? 

Not if it’s money you wish to have access too.  And high yield anything isn’t guaranteed.  I’m not going into this any further.  I usually get paid for these discussions.  😂

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I decided to sell my CCL and RCL positions. I made a nice profit on them. With today's market movement you guys might be right that another big drop is ongoing. Although it may not be as drastic as the first I can see day after day of 1-2% losses.

Can someone show me the chart for the rest of the year please?

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1 minute ago, Cdub100 said:

I decided to sell my CCL and RCL positions. I made a nice profit on them. With today's market movement you guys might be right that another big drop is ongoing. Although it may not be as drastic as the first I can see day after day of 1-2% losses.

Can someone show me the chart for the rest of year please?

Look up

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2 minutes ago, Alias Detective said:

@Cdub100 @Leeson

Are either of you who are in or have wives in the TSP over 59.5?

 

https://www.tsp.gov/PlanParticipation/LoansAndWithdrawals/inservicewithdrawals/ageBased.html

let me know if you have any more questions on this.

Nope, my wife is a teacher and I still have 18-20 years of service to go.

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1 minute ago, Cdub100 said:

Nope, my wife is a teacher and I still have 18-20 years of service to go.

You are a pup.  Lol.

 

I’m 45 but my wife is 55 so I have multiple strategies working.  

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1 minute ago, Alias Detective said:

You are a pup.  Lol

I'm over the hill but 40 is the new 50... so I'm told.

Side note: As a kid I remember reading all the over the hill 40+ cards and merch at Spencer's in the mall and thinking, man that's so old. I'm old :(

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13 minutes ago, Alias Detective said:

You are a pup.  Lol.

 

I’m 45 but my wife is 55 so I have multiple strategies working.  

One being "how to land a cougar"?  🤔

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4 minutes ago, Mookz said:

One being "how to land a cougar"?  🤔

Wasn’t easy.

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When I get my $1200 this week, I am going to buy stock, what should I buy?

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25 minutes ago, Alias Detective said:

@Cdub100 @Leeson

Are either of you who are in or have wives in the TSP over 59.5?

 

https://www.tsp.gov/PlanParticipation/LoansAndWithdrawals/inservicewithdrawals/ageBased.html

let me know if you have any more questions on this.

No. Wife is 54, I'm 51.

Sorry to bother you with the discussion. I didn't realize you were in the business. If you're over the age of 40, then you may remember when savings accounts and cds (not music cds) were an actual investment strategy. 

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1 minute ago, edjr said:

When I get my $1200 this week, I am going to buy stock, what should I buy?

Coke Cola. 

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4 minutes ago, edjr said:

When I get my $1200 this week, I am going to buy stock, what should I buy?

Large cap index fund then dont look at for 2 years

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9 minutes ago, edjr said:

When I get my $1200 this week, I am going to buy stock, what should I buy?

If class could be bought I’d say get some of that. 

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9 minutes ago, Leeson said:

No. Wife is 54, I'm 51.

Sorry to bother you with the discussion. I didn't realize you were in the business. If you're over the age of 40, then you may remember when savings accounts and cds (not music cds) were an actual investment strategy. 

I was playing.  I know there is a pessimistic view on annuities and didn’t want do get into a discussion on the validity of them in the right circumstances.

at 59.5 you can reposition out of the TSA even if still employed.  Just a tip if you weren’t aware already.

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11 minutes ago, edjr said:

When I get my $1200 this week, I am going to buy stock, what should I buy?

Oil stock

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Just now, Alias Detective said:

I was playing.  I know there is a pessimistic view on annuities and didn’t want do get into a discussion on the validity of them in the right circumstances.

at 59.5 you can reposition out of the TSA even if still employed.  Just a tip if you weren’t aware already.

Thanks. Cdub and I have had some discussions on taking out $100k (without penalty) now. 

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13 minutes ago, Leeson said:

No. Wife is 54, I'm 51.

Sorry to bother you with the discussion. I didn't realize you were in the business. If you're over the age of 40, then you may remember when savings accounts and cds (not music cds) were an actual investment strategy. 

I do remember high interest rates on bank cd’s and alike.  I also know the average 1 year cd is less than 3%......since forever.

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1 minute ago, Alias Detective said:

I do remember high interest rates on bank cd’s and alike.  I also know the average 1 year cd is less than 3%......since forever.

I didn't think being 51 was that old. 

 

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Any concern about the recent news of the pork processing plant shutting down due to infected workers? Possible fear of a contaminated food supply- or more shortages at a time when shelves are already pretty bare?

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3 minutes ago, Old School said:

Any concern about the recent news of the pork processing plant shutting down due to infected workers? Possible fear of a contaminated food supply- or more shortages at a time when shelves are already pretty bare?

No

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3 minutes ago, Old School said:

Any concern about the recent news of the pork processing plant shutting down due to infected workers? Possible fear of a contaminated food supply- or more shortages at a time when shelves are already pretty bare?

I do not concur shelves are pretty bare. I think the supply chain is just fine. Also even if that worker coughed on every piece of meat the virus would be long dead by the time it made it to us.

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2 minutes ago, Cdub100 said:

I do not concur shelves are pretty bare. I think the supply chain is just fine. Also even if that worker coughed on every piece of meat the virus would be long dead by the time it made it to us.

Agreed.  

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9 hours ago, Cdub100 said:

Nope, my wife is a teacher and I still have 18-20 years of service to go.

11/30/2024 😎

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34 minutes ago, Cdub100 said:

https://www.marketwatch.com/story/the-force-thats-propelled-the-stock-market-rally-will-exhaust-itself-this-week-2020-04-13?siteid=yhoof2&yptr=yahoo

Opinion: The force that’s propelled the stock market rally will exhaust itself this week

The free money machine will stop?

65% of a trillion dollar market move is a short squeeze?  That's a hell of a short squeeze.  

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We've got to see a retrace and another test of the lows right?

I know the free money machine is in overdrive but it can't buy everything, can it?

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I think one thing Wall Street might discounting is that there's going to be behavioral changes that need to be unlearned, so even when the economy wakes up, consumers still need to be prodded to go out and spend all their money on trash and not save anything once again.

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4 minutes ago, nobody said:

I think one thing Wall Street might discounting is that there's going to be behavioral changes that need to be unlearned, so even when the economy wakes up, consumers still need to be prodded to go out and spend all their money on trash and not save anything once again.

a fool and his money are soon parted

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There are very few companies that won’t be cutting back on expenses.  People need to know that.  Furloughs, expense accounts, benefit cuts.  

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