Cdub100 3,907 Posted April 13, 2020 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 1 Share this post Link to post Share on other sites
Leeson 54 Posted April 13, 2020 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? Share this post Link to post Share on other sites
Leeson 54 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 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.  Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 @Cdub100Â @Leeson Are either of you who are in or have wives in the TSP over 59.5? Â https://www.tsp.gov/PlanParticipation/LoansAndWithdrawals/inservicewithdrawals/ageBased.html let me know if you have any more questions on this. Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 13, 2020 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? Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 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 Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 13, 2020 2 minutes ago, Alias Detective said: @Cdub100Â @Leeson Are either of you who are in or have wives in the TSP over 59.5? Â 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. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 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.  Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 13, 2020 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 Share this post Link to post Share on other sites
Mookz 1,346 Posted April 13, 2020 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"? Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 4 minutes ago, Mookz said: One being "how to land a cougar"? Wasn’t easy. Share this post Link to post Share on other sites
edjr 6,580 Posted April 13, 2020 When I get my $1200 this week, I am going to buy stock, what should I buy? Share this post Link to post Share on other sites
Leeson 54 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Leeson 54 Posted April 13, 2020 1 minute ago, edjr said: When I get my $1200 this week, I am going to buy stock, what should I buy? Coke Cola. Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 13, 2020 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 Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 13, 2020 Want a guaranteed return? Sign up for WeBull, deposit $100 and get two free stocks worth $10+ https://act.webull.com/i/Pidl4YpQPykI/5ug/ I got SNAP today. The best part is you can just sign up not buy anything wait for your free stocks. Sell them and bam 20% return Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 11 minutes ago, edjr said: When I get my $1200 this week, I am going to buy stock, what should I buy? Oil stock Share this post Link to post Share on other sites
Leeson 54 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Leeson 54 Posted April 13, 2020 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.  Share this post Link to post Share on other sites
Old School 360 Posted April 13, 2020 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? Share this post Link to post Share on other sites
Alias Detective 1,400 Posted April 13, 2020 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 Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 13, 2020 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. Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted April 13, 2020 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. Â Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted April 13, 2020 No pork on your fork. Word! Share this post Link to post Share on other sites
mmmmm...beer 807 Posted April 13, 2020 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 Share this post Link to post Share on other sites
frank 2,305 Posted April 13, 2020 Just now, mmmmm...beer said: 11/30/2024 1/1/2026 1 Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted April 13, 2020 7/21/2009 1 Share this post Link to post Share on other sites
mmmmm...beer 807 Posted April 13, 2020 7 minutes ago, MTSkiBum said: 5/4/2047 Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 14, 2020 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? Share this post Link to post Share on other sites
nobody 2,671 Posted April 14, 2020 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.  Share this post Link to post Share on other sites
Cdub100 3,907 Posted April 14, 2020 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? Share this post Link to post Share on other sites
nobody 2,671 Posted April 14, 2020 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. Share this post Link to post Share on other sites
edjr 6,580 Posted April 14, 2020 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 Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted April 14, 2020 There are very few companies that won’t be cutting back on expenses.  People need to know that.  Furloughs, expense accounts, benefit cuts.  Share this post Link to post Share on other sites