Investors....come in please!

[SteveSRT8]

Originally Posted By: buster
I do. Payroll tax increase + maybe gas prices.


In the average person's budget these two are a huge part.

I don't think they should be ignored...

 

[Mr Nice]

Today I liquidated half my portfolio in my TDameritrade account and took a very nice profit plus all the dividends that were coming in.

I'm worried about a major sell off and correction, for now I will be on the sideline and ready to swoop in if [censored] hits the fan...

 

[JHZR2]

That's fine if you're willing to pay the tax. That's why I prefer high yielders, to offset losses and to employ DCA. It takes a lot of loss offset to pay for the taxes on big gains.

In a Roth it's a no brainer.

 

[Turk]

Originally Posted By: JHZR2
That's fine if you're willing to pay the tax. That's why I prefer high yielders, to offset losses and to employ DCA. It takes a lot of loss offset to pay for the taxes on big gains.

In a Roth it's a no brainer.


Yep, I really don't like to create taxable events.

All my PG is in my Taxable acct. It's up 21% on a good sized amount as we discussed before, and up big again today. Not sure how much upside it has left, but I bet not too much.

So, I just have it as a DGI hold and watch it grow dividends.

I'm 52 & leaning towards retiring early, but we'll see.

 

[Pablo]

What was with the swing in LINE and LNCO yesterday. Backstory?

 

[Drew99GT]

Gold/silver capitulation is underway, at least for the previous cycle peak. Time to buy again? I took a stab at NUGT a few weeks ago and got stopped out. Both gold and silver have this huge floor they've bounced off each time the capitulation occurs after the 2011 peak. If they loose that huge support bottom this go around, maybe try shorting? The Fed has everyone so confused now. The Fed minutes state they're worried about......asset price appreciation (probably oil) and confusion in markets; yet I read this the other day:

http://www.businessinsider.com/bofa-warns-about-deflation-and-more-qe-2013-2

All QE is doing is sparking inflation in commodities/risk assets, which hurts the main stream economy (save for stocks).

 

[buster]

Peter Schiff, and most Austrians said we'd have hyper-inflation by now and gold would be at $10k. What does it take to admit your models are wrong?

 

[Tempest]

Quote:
What does it take to admit your models are wrong?


Funny you should ask that question..LOL...

I seem to remember something about a predicted recovery over the summer in 2010?

 

[buster]

I guess it depends on how you define recovery. This is a weak recovery, if you want to call it that.

My personal opinion is that we have waaaays to go, but the U.S. is still the best house in the neighborhood. For how long I don't know. LOL

 

[Turk]

A recovery on Sand, that's what it is.

 

[buster]

^ I like that analogy.

 

[Warstud]

Originally Posted By: LT4 Vette
Today I liquidated half my portfolio in my TDameritrade account and took a very nice profit plus all the dividends that were coming in.

I'm worried about a major sell off and correction, for now I will be on the sideline and ready to swoop in if [censored] hits the fan...



Looks like you got out just in time.

 

[friendly_jacek]

Yesterday, I closed my nose and picked up some gold and miners on a fire sale, just before the closing.

So far so good.

BTW, Gold/miner sentiments dropped to lowest since 2008.

 

[Turk]

...and so it starts.

 

[surfstar]

Originally Posted By: JHZR2
Originally Posted By: surfstar
Picked up some PGH today - hope its good for a long hold.
All my stuff is in Roths and mostly funds and ETF funds. Thought I could play a bit with a stock or two to keep me more active.


bib pop today, how you got it in the 60's.


D'OH!

Was thinking it would do well in a year or so (maybe 2+), but that required it not going belly-up first.

 

[Drew99GT]

Originally Posted By: surfstar
Originally Posted By: JHZR2
Originally Posted By: surfstar
Picked up some PGH today - hope its good for a long hold.
All my stuff is in Roths and mostly funds and ETF funds. Thought I could play a bit with a stock or two to keep me more active.


bib pop today, how you got it in the 60's.


D'OH!

Was thinking it would do well in a year or so (maybe 2+), but that required it not going belly-up first.


I bought some last week and got crunched today. Darn it looked like it was good for a pop. If the indexes weren't near a top, I think it could have bounced at least.

 

[Turk]

Almost bought PGH for my Roth today, probably tomorrow.

 

[Warstud]

Wow...The VIX was up 34%.

 

[Warstud]

Originally Posted By: Turk
Almost bought PGH for my Roth today, probably tomorrow.




Somebody want's out of that stock....BADLY. The chart looks terrible.

 

[Pablo]

I sold LINE and all CEF's and some ETF's on Friday.